Skip to content Skip to sidebar Skip to footer

Are you considering trading cryptocurrencies on Coinstore? Think twice before making a move. On December 6, 2023, many investors faced a negative experience with this exchange, highlighting issues of credibility, alleged fraudulent practices, and misleading information. Partnered with QUOPI AI, Coinstore has been accused of deceiving users, potentially leading to legal repercussions. Stay informed and cautious to avoid falling victim to deceptive tactics.

Coinstore may offer a wide range of features such as no trading limits, low trading fees, a user-friendly interface, and a mobile app, along with over 100 cryptocurrencies including Bitcoin, Ethereum, and Dogecoin. Keep in mind the transaction fee structure for makers and takers set at 0.2% before engaging in any trades on this platform.

Check also: Premier Picks for Crypto Exchanges

Overview of Coinstore Cryptocurrency Exchange

Overview of Coinstore Cryptocurrency Exchange

Coinstore Cryptocurrency Exchange is a platform founded in 2020 and based in Singapore. The exchange offers over 100 cryptocurrencies for trading, with a fixed transaction fee of 0.2% for both market makers and takers. With a daily trading volume of $113.11 million, Coinstore provides users with no transaction limits and low fees.

The platform boasts a user-friendly interface along with a mobile app for trading on the go. Security measures include data encryption and two-factor authentication to ensure the safety of users’ funds stored in cold wallets due to the lack of regulation.

Popular cryptocurrencies such as Bitcoin, Ethereum, Tether, and Dogecoin are supported on Coinstore, offering various deposit and withdrawal options with different fees attached. Customer support is easily accessible via email, ticketing system, and social media channels.

One of the most active trading pairs on Coinstore is ETH/USDT, allowing users to engage in long or short positions for diverse investment strategies. Overall, Coinstore caters to thousands of investors by providing everything needed for crypto trading while prioritizing security and user experience.

Exchange Profile: Coinstore’s Founding and Operations

Exchange Profile: Coinstore's Founding and Operations

Coinstore was established in 2015 and is registered in Delaware, USA. The platform offers a wide range of cryptocurrencies for trading, with competitive transaction fees for market makers and takers.

Despite the lack of regulatory oversight from financial authorities, Coinstore prioritizes security measures to protect user funds. They utilize encryption techniques and store the majority of digital assets in cold storage to prevent unauthorized access.

One notable feature of Coinstore is its two-factor authentication process, adding an extra layer of security for users. Additionally, the availability of a mobile app enhances convenience for traders looking to buy and sell cryptocurrencies on the go.

Looking ahead, Coinstore plans to introduce futures trading options and has partnered with QUOPI AI to enhance their services further. User feedback highlights the platform’s strong security protocols and diverse customer support channels available.

Cryptocurrency Offerings and Trading Options

Coinstore offers a diverse range of cryptocurrencies for trading, including popular options like Bitcoin, Ethereum, Tether, and Dogecoin. Traders can access a wide variety of digital assets to build their portfolios and take advantage of market opportunities.

The exchange stands out with its low transaction fees set at 0.2% for both market makers and takers. This competitive fee structure enables users to execute trades cost-effectively, whether they are providing liquidity to the market or taking immediate positions.

Traders on Coinstore have the flexibility to explore different trading strategies, including long and short positions. This allows them to capitalize on both rising and falling markets by adjusting their investment approaches accordingly.

For those interested in futures trading, Coinstore provides the option to trade derivative contracts with specific fee structures for makers and takers. This feature appeals to more experienced traders looking to engage in leveraged trading activities.

Deposits and withdrawals on Coinstore are exclusively available in cryptocurrency form, with varying fees depending on the type of digital asset used. Users can manage their funds efficiently within the platform’s ecosystem.

Coinstore prides itself on features such as no transaction limits, an intuitive user interface, and a mobile application for convenient trading on-the-go. These elements contribute to a seamless user experience tailored towards both novice and seasoned traders.

In terms of security measures, Coinstore implements advanced protocols such as robust data encryption, offline storage solutions, and two-factor authentication mechanisms to safeguard users’ assets effectively. These layers of protection aim to provide peace of mind amid evolving cybersecurity threats.

While Coinstore operates without regulatory oversight from authorities it prioritizes creating a secure trading environment through stringent security protocols enforced across its platform consistently.

Customer support is readily accessible via email ticketing systems or social media channels for assisting users with inquiries or issues encountered while utilizing Coinstores services The dedicated support team aims address concerns promptly ensure positive customer experience throughout interactions with platform

Our Verdict

SnapCard Rating: 9.2/10
  • Max Leverage: 20:1
  • Deposit Fees: By card 1.8%; minimum deposit 15 EUR
  • Trading Fees: 0.1%
  • Cryptocurrencies: 650+
  • Payment Methods: Crypto, Visa, MasterCard
  • Number of Users: 30.000+
Security: ★★★★☆
Fees: ★★★☆☆
Ease of Use: ★★★★★
Customer Service: ★★★★☆
Go to Binance

Trading Fees and Financial Structure

When it comes to Coinstore, the trading fees and financial structure play a crucial role in attracting users. Let’s delve into the details of how this cryptocurrency exchange manages its fee system and financial operations.

Coinstore implements a transparent fee structure for traders, considering both market makers and takers. Market makers, who add liquidity to the platform by placing limit orders that are not immediately matched with an existing order, usually enjoy lower fees compared to takers, who place orders that are instantly fulfilled at the current market price.

In terms of spot trading versus futures trading, Coinstore distinguishes between the two by applying different fee schedules for market makers and takers. This distinction aims to incentivize liquidity provision on both types of markets while ensuring fair pricing mechanisms for all participants.

One unique aspect of Coinstore is its exclusive reliance on cryptocurrency deposits and withdrawals. Users can fund their accounts or cash out using various cryptocurrencies available on the platform, each subject to specific transaction fees based on network congestion and token type.

Moreover, Coinstore stands out for its lack of transaction limits, competitive trading fees, user-friendly interface, and support for over 100 cryptocurrencies. These features contribute to a seamless trading experience tailored to meet diverse investor needs within the crypto space.

The financial backbone of Coinstore primarily relies on revenue generated from trading fees as well as potential income streams from deposit/withdrawal commissions associated with different cryptocurrencies supported on the platform. By diversifying revenue sources in this manner, Coinstore ensures operational sustainability while offering cost-effective services to its user base.

Coinstore’s Security Measures and Protocols

Coinstore prioritizes the security of its platform by implementing robust measures to safeguard users’ assets. These include strong encryption protocols to protect sensitive data and transactions from unauthorized access. Additionally, Coinstore utilizes cold storage solutions to store the majority of funds offline, reducing the risk of hacking or cyber theft.

With a focus on user protection, Coinstore implements two-factor authentication (2FA) for account logins and withdrawals. This adds an extra layer of security by requiring users to verify their identity through a secondary device or method, enhancing overall account safety.

When it comes to cryptocurrency offerings, Coinstore stands out with a diverse selection of over 102 different cryptocurrencies, catering to both mainstream options like Bitcoin and Ethereum as well as altcoins such as Tether and Dogecoin. This wide array provides traders with ample choices for investment diversification.

Traders looking for speculative trading opportunities will appreciate Coinstore’s support for futures markets. By enabling users to engage in leveraged trading on future price movements, Coinstore caters to those seeking more advanced trading strategies beyond spot trading.

In terms of transaction fees structure, creators pay a fee of 0.002 while executors pay 0.002 for immediate trades; for futures contracts, creators incur a fee of 0.00025 and executors 0.0006. These competitive rates make trading cost-effective for users engaging in various types of transactions on the platform.

Users can easily deposit and withdraw funds using different cryptocurrencies with varying associated fees depending on the specific coin used. This flexibility allows traders to manage their assets efficiently based on their preferences and cost considerations.

One standout feature on Coinstore is the availability of popular trading pairs like ETH/USDT that attract significant trading volume due to their liquidity and market demand among users seeking exposure to these specific digital assets.


Regulatory Status and Legal Considerations

Coinstore operates in a regulatory gray area, as there is currently no oversight from regulatory bodies. This lack of regulation raises concerns about investor protection and the overall legality of Coinstore’s operations.

The partnership between Coinstore and QUOPI AI adds another layer of complexity to the legal considerations surrounding the exchange. While this collaboration may bring technological advancements and efficiency to the platform, it also raises questions about data privacy, security, and compliance with existing laws.

In light of recent allegations of deceitful practices by some cryptocurrency exchanges, including manipulating trading volumes or engaging in fraudulent activities, Coinstore must be cautious. Any involvement in such practices could lead to severe legal consequences, including fines or even shutdowns by authorities.

It is crucial for investors using Coinstore to understand these risks and potential legal implications. As the cryptocurrency market continues to evolve rapidly, staying informed about regulatory developments and ensuring compliance with laws are essential steps for both exchanges like Coinstore and their users.

Partnership with QUOPI AI: An Analysis

Partnering with QUOPI AI: An Analysis

When it comes to the partnership between Coinstore and QUOPI AI, there are significant concerns regarding potential fraudulent practices and deceitful activities. Both entities’ credibility is called into question, raising doubts about the trustworthiness of this collaboration in the eyes of investors.

The allegations of misleading investors through this partnership could have severe legal consequences for both Coinstore and QUOPI AI. Such deceptive practices not only erode investor confidence but also tarnish the reputation of the cryptocurrency market as a whole.

In light of these accusations, it is crucial to highlight the negative implications that such partnerships can have on the cryptocurrency market. Emphasizing transparency and integrity becomes paramount to maintain user trust, ensure transaction security, and uphold ethical standards within the industry.

By shedding light on these issues surrounding partnerships like Coinstore’s collaboration with QUOPI AI, users can better understand the risks involved in crypto trading. Fostering an environment built on honesty and accountability is essential for safeguarding investors’ interests and promoting a sustainable marketplace for digital assets.

User Experiences and Customer Support Insights

  • **User experiences** mainly focus on transaction security and customer support assistance.
  • **User-friendly interface** ensures easy navigation throughout the platform.
  • **Variety of cryptocurrencies** allows for investing in a wide range of digital assets.
  • **Contacting customer support** is possible via email, support tickets, and social media channels.
  • **Long and short trading positions** cater to various investment strategies.

The top trading pair ETH/USDT is a popular option offered by Coinstore exchange.

When it comes to reviews, users highlight both the security measures and the quality of customer service on the platform. This combination creates a reliable environment for traders looking to engage in spot and futures trading. Additionally, with an intuitive interface and diverse cryptocurrency offerings, Coinstore caters to both beginners and experienced traders alike.

The availability of margin trading with up to 100x leverage adds another layer of excitement for active traders seeking opportunities in the market. Furthermore, Coinstore’s verification process ensures compliance with regulatory standards while offering features such as spot trading for XRP or TRX.

Consequences of Alleged Deceitful Practices

Negative repercussions stemming from the alleged deceitful practices of the cryptocurrency exchange Coinstore are a focal point. These actions highlight a lack of trustworthiness and issue warnings to potential investors, advising them to steer clear of the company due to suspicions of fraudulent activities. The partnership between Coinstore and QUOPI AI has been cited as a misleading factor that could lead to legal consequences for both entities due to disseminating misinformation. Such practices not only undermine user trust but also raise concerns regarding the exchange’s security and credibility, significantly impacting investor confidence in the overall cryptocurrency market.

Our Verdict

SnapCard Rating: 9.2/10
  • Max Leverage: 20:1
  • Deposit Fees: By card 1.8%; minimum deposit 15 EUR
  • Trading Fees: 0.1%
  • Cryptocurrencies: 650+
  • Payment Methods: Crypto, Visa, MasterCard
  • Number of Users: 30.000+
Security: ★★★★☆
Fees: ★★★☆☆
Ease of Use: ★★★★★
Customer Service: ★★★★☆
Go to Binance

Future Outlook for Coinstore

Despite the negative experience and allegations of fraudulent practices against Coinstore, the future outlook for this exchange remains uncertain. Potential legal consequences stemming from deceitful actions may impact its reputation and credibility among investors. Without regulatory oversight, Coinstore faces challenges in strengthening user trust and implementing security measures to ensure a safe trading environment.

The partnership with QUOPI AI could either support technological advancement or further complicate matters if linked to fraudulent activities. Looking ahead, Coinstore must prioritize transparency, compliance, and rebuilding trust to solidify its position in the competitive cryptocurrency market.

Final Thoughts and Recommendations

After conducting a thorough review, it is evident that Coinstore raises significant concerns regarding trustworthiness and potential fraudulent practices. The partnership with QUOPI AI poses a considerable threat to investors, as there are indications of misleading information being disseminated through this collaboration.

The implications of engaging in deceitful activities could lead to severe legal consequences for Coinstore. Therefore, it is crucial to caution against using their services and advise extreme caution when making investment decisions within the cryptocurrency industry.

Leave a comment

ThemeREX © 2024. All rights reserved.

Contracts for difference (CFDs) are complex instruments that carry a significant risk of losing money quickly due to leverage. Between sixty-two and seventy-eight per cent of retail investor accounts experience financial losses due to trading CFDs. Consider whether you understand how CFDs work and whether you can afford to take such a high risk of losing money. All information on  is published for informational purposes only. We do not in any way guarantee the accuracy or reliability of this information. Any action you take on the basis of the information provided on our website is at your own risk and the staff of shall not be liable for any loss and/or damage in connection with the use of the material provided on our website.

ThemeREX © 2024. All rights reserved.