Crypto exchanges have increased exponentially in number since Bitcoin started gaining traction in the global economic market back in 2014. However, it is sad to see that many of the new exchanges are there only to make a quick buck and fool susceptible investors.
In recent weeks, the crypto community is actively working towards finding, and weeding out such unwanted elements from within the network, so as to promote a more safe and secure trading environment.
CoinHub is an all new ‘Digital Currency Exchange Hub’ that can be used to buy and sell crypto assets through the use of fiat currency. The overall outlay of the platform is quite straightforward, and presents users (novices and advanced alike) with an easy means of making crypto purchases in a hassle free manner.
Some of the key aspects of Coinhub include:
(i) Secure Wallet:
Coinhub is offering its users with a free, built-in wallet. This wallet uses mechanisms such as “encrypted cold storage” and “multi-factor authentication”, so as to make sure that our purchases are stored securely, and are free of any issues related to theft or third party interference.
(ii) Completely Legal:
In order to ensure that all of the transactions that take place within this system are in accordance with international+domestic regulatory laws, Coinhub makes sure that each customer has to undergo thorough Anti-Money Laundering (AML) and Know Your Customer (KYC) verifications.
(iii) Wide Array of Payment Options:
While many of the online exchanges offering crypto trading options only accept BTC, ETH to make purchases, Coinhub allows users to make deposits and withdrawals using conventional means such as Visa, MasterCard, bank transfer (SWIFT).
In order to promote the highest level of security within its servers, the company has hired external agencies to help protect them against DDoS attacks. In addition to this, all of the transactional data is fully encrypted and is made to undergo routine “cyber-security assessments.
(v) Conventional Currency Utilization:
Users have the option to make their purchases using famous fiat currencies including USD, GBP, EUR.
(vi) Minimal Fees:
Unlike bank transactions which not only take a couple of days to process, but also charge ridiculous amounts of hidden fees. Coinhub charges zero processing fees on all made deposits and withdrawals.
Other Important Details
(i) High Liquidity:
To maintain good value on all actively traded assets, the exchange allows for:
- Quick order execution,
- Minimal spread
- Access to high liquidity order books
(ii) Customer Support:
In order to resolve any doubts, concerns, monetary disputes, there is a 24/7 customer support team available at all times. The members of this team are trained and have extensive knowledge regarding the field of crypto technologies and finance.
(iii) Uses Fiat Currencies:
As mentioned earlier, CoinHub allows users to “seamlessly make use of their wallets via the procurement of the following Fiat currencies: USD, EUR, GBP”. Not only that, the exchange does not feature any deposit or withdrawal fees, thereby allowing all of our earnings to be directly transferred from our wallets to our bank account.
(iv) Option to Trade Currency Pairs:
Customers have the option to trade Bitcoin with a wide array of other crypto asset pairs such as Ethereum, LiteCoin, Dash, Monero, Ripple, Doge, and many more . Lastly, according to the company’s official webpage, they are looking to “expand their Ethereum market and pairing options”.
What Are Investors Saying About CoinHub?
Many investors have come forth and given this exchange a high rating online. For example, Trevor Coleman has said “I'm very new to this. So far i have used the site twice and managed to mess it up both times. Each time the folks at Coinhub got back in touch with me and remedied any issues with no fuss at all.
The big banks could learn a thing or two from these guys.” Similarly, Renee’ D says ‘I have now made my second crypto purchase through Coin-Hub, and am happy at just how simple it is to use. The website is easy to navigate, simple and straightforward .Had been looking around at exchanges, but Coin-Hub wins hands down for its ease of use and simplicity. “
How Do I Signup For CoinHub?
Signing up is quite easy, and can be done by visiting the website and clicking on the join button. As mentioned earlier, there are some verification checks that need to be completed before any trades can be executed. However, this should not be a major issue and the entire process can be done within 10-15 minutes.