Offers and Benefits of Using Cobinhood

in #cobinhood5 years ago (edited)


sub>created by @bait002

Cobinhood seeks to create a trading environment where traders can trade easily and make some reasonable amount of profit without any form of robbery through transaction fees.

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The statement above actually suggests that Cobinhood is a zero fee exchange and that is true. Cobinhood is also the world’s first zero fee cryptocurrency exchange and has mastered this model before any other exchange adopting the same model.

Apart from being a zero fee exchange for cryptocurrencies, Cobinhood also has some amazing offers and features for its users in an attempt to better their trading experience.

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First, it is important to know that Cobinhood offers market and limit orders. The basic difference is that market orders are only permitted within trading hours, while limit orders allow a trader to set a maximum or minimum prices for his buy or sell orders. Source

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On Cobinhood, all you have to do is enter your order size and wait for the market to generate the order’s price. This will enhance the speed in the execution of a trade; for those who are in search of a quick trade. In addition to this, Cobinhood also fills market orders instantly without any delays. This is means that once you execute a trade (i.e. place an order), you cannot cancel them.


With Cobinhood, you can set your minimum price for selling and maximum price for buying. All you have to do is set a price and then enter an order size. The system will then compute these values and give you a total price for that order size. Then you can execute the trade with either a buy or sell button depending on what you want. Another thing to note is that sometimes, limit orders are partially filled which makes them subject to further adjustments.

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To save more time in the execution of trades, Cobinhood has a favourite feature that allows you to make any pair your favourite so they can be easily accessed in the future. All you need to do is click on the “star” symbol next to the currency pairs. Then you can access them by clicking on the tab that has a star on it in the “select product” drop-down menu. This is an alternative to having to search out a currency pair each time you want to trade them.


One other feature of Cobinhood that I consider of high importance is the high-performance order Matching Engines (ME’s). This Matching Engine has the ability to deliver at very low latency rate while processing tons of transactions simultaneously.

The Cobinhood model is decentralized, always available and has the ability to scale automatically while maintaining a high-quality trading experience.

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How low are Cobinhood charges?

Basically, all trades on the Cobinhood exchange are with zero commission. This is, particularly on spot trading. Margin trading also have no fees attached to them while providing the traders with a leverage ratio that is ten times greater than average.

However, Cobinhood does charge a withdrawal fee. Before I go on to describe that, I would like to inform you that the withdrawal fee is not a profit making mechanism but rather a means to generate funds for the overall maintenance of the platform but the majority goes to the miners of cryptocurrencies in question.

Here is a quote from the Cobinhood website regarding withdrawal;

Please take note that we do not make any profit from withdrawal fees. The only thing we are trying to do is not to lose money while serving you. Other platforms use trading fees to compensate for their withdrawal fees, the Cobinhood team are committed to maintaining a zero trading fee policy…trading fees are not the solution to our model. source

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To know more about the Cobinhood withdrawal charges you can visit the frequently asked questions page of their website.

The question then is how Cobinhood make their money since the platform does not charge traders for spot and margin trading? The answer is simple; the profit generated on Cobinhood comes mostly from its ICO underwriting service. Through this service, Cobinhood makes 5% of the funds generated during the ICO of any project it underwrites. Other projects like Filecoin and Kyber also use this same model for revenue generation. The funds generated from this service are sufficient to run the platform without any glitches or interruption while improving the quality of service at the same time.

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This is a perfectly applicable idea and has been working. Before I close, I would like to let you know that Cobinhood is always offering bounties to users at various capacities. You can visit their website for more information. This is Bait and I'm bringing you words from the Offline Minnow School.

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To know more about Cobinhood, kindly follow the links below;
Project Website:
Products & Services:
1, 2, 3,and 4.
Cobinhood Team:
Cobinhood Story:
Facebook:
Medium:
Twitter:
Instagram:
Refrences;
1.2.3

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