Coineal cryptocurrency exchange
Coineal is a young and ambitious cryptocurrency exchange. It was founded in 2018 and in a short time managed to establish itself among users from the best side. Let’s look at this exchange in more detail.
Coineal site leaves a pleasant first impression, as it looks detailed, vibrant and comfortable in finding the necessary information. It is noticeable that the interface of the site was carefully thought out before creation. In March 2019, the exchange is in the top 10 of many crypto-exchange ratings by daily trading volumes, which amount to more than $ 800 million. The site has been translated into only 4 languages: Japanese, Chinese, Korean and English. In English, the site is presented qualitatively with small spaces.
There are 2 ways to register: by specifying a phone number or by entering email. But using any of them, the user will not be able to continue registration further until he enters the verification code. The standard procedure will follow: invent a password and agree to the rules of the exchange.
You can trade on the site with a limited number of cryptocurrency pairs, just a little over 50. The most popular of which are LTC / BTC, ETH / USDT, BTC / USDT. However, the user will not be able to find a number of very popular coins. Like other cryptocurrency exchanges targeting the Asian market, Coineal does not work with fiat currencies. Trading functionality is convenient and advanced. The crypto exchange supports Limit and Market orders. The chart integrated with the TradingView platform will be able to satisfy the requirements of professional traders. Additional convenience is presented in the form of your own mobile application.
The trading commission for both Maker and Taker is the same and will be only 0.15%. There is no opportunity to trade with leverage. Verification of identity is a mandatory procedure.
Authorization on the site is arranged in such a way that the user will have to enter captcha periodically and possibly more than once. The network has reviews that SMS do not come to the phones of the CIS countries, but we did not have problems with the verification of numbers from Russia and Ukraine. It is worth noting that for security reasons, the client will not be able to make any operations on the site without confirming his identity. You will also need to enable 2FA authorization.
Coineal Global Limited is a company registered in the Seychelles and provides services in accordance with the laws of this state. But it is unregulated.
Deposit and withdrawal of funds
Only after connecting 2FA authorization it will be possible to conduct operations on the input and output of cryptocurrency. Putting cryptocurrency on the exchange is completely free, you will have to pay a commission for the withdrawal necessary for confirmation on the network. Coineal has limits on withdrawals, for example, the minimum amount for withdrawal of BTC is 0.05 BTC. All limits can be found in your account.
You can contact support through social networks: Medium, Twitter, but at best they will answer you in English. Interestingly, the specified Facebook group does not exist. But by contacting with the help of the Telegram messenger, you can get advice in both English and Russian. After asking a question to the representative in Telegram, the answer was given to us the next day and only after a second request.
Coineal can be considered a young and very promising exchange. Low commissions, high liquidity in major currencies, a thorough approach to security issues and convenient functionality will appeal to many customers. But it is worth considering some negative factors, namely the lack of margin trading and round-the-clock user support, the restriction in the language localization of the site.