Coinzark is a crypto exchange that enables users to easily buy, sell, and swap different cryptocurrencies. The platform offers various account levels including the option to use the platform’s swap service without the need for an account or any form of Know Your Customer (KYC). Essentially, Coinzark offers the easiest way to swap between virtual currencies with no account required.
This means that users can swap between cryptocurrencies such as Bitcoin, Vertcoin, Litecoin, DigiByte, Dogecoin, Dash, ZCoin, and more. The UK-based company started building its platform in late 2017, initially trading as Vertpig, an exchange platform that focused on the cryptocurrency Vertcoin. The platform then decided to expand its services to other coins. It finally acquired its present name—Coinzark.
Is Coinzark Safe?
Coinzark is a non-custodial exchange. As soon as they receive deposits from clients, they exchange immediately and send them back to the clients. This, therefore, means that the clients are always the custodian of their coins. The company does not store them on any third-party service either.
Coinzark swap is an instant exchange service that allows users to swap from one digital asset to another. The service does not require users to have an account and they can swap between all the coins currently available on the Coinzark platform.
Simply enter the amount you would like to swap, fill in the addresses required, send the coins to the address provided, and wait while the system swaps your coins. Some users may ask about the process of calculating the exchange rates.
Well, the company uses liquidity from various other exchanges, which they combine to provide their clients with the best rates. Besides, their rates are always live and they only charge a small fee, which is included in the displayed exchange rate.
Rates displayed on Coinzark are not guaranteed, as the platform always pays the best available rate at the time of the swap. Since the rates fluctuate so fast, as soon as the deposit is confirmed, the system swaps the coins at the best available rate. There is also a small fee of 0.3%.
It is important to note that Coinzark limits the size of each swap and such limits are displayed to clients when starting a swap. The limits exist to ensure that the platform provides the most accurate exchange rates.
The system does not limit the number of swaps that a user can make or have running at the same time.
No account required: swap between cryptocurrencies anonymously, with high limits, great exchange rates, and no location restrictions.
Simple account: users just need to sign up with just an email address to get access to the auto swap feature (coming soon) and keep track of all their trading history.
Verified account: users can get verified using the platform’s simple identity verification process for the ability to buy and sell all the currencies listed on the platform.
Overall, most customers have lauded the Coinzark platform as excellent, working just as it should, with a simple UI and nice UX. The entire process of coin swap takes just about five minutes. Besides, the rates are great and users can see exactly what’s going on and how long it should take.