Introduction
Koinbazar is one of the Indian-based cryptocurrency exchanges. Since its inception in 2020, it has become one of the industry’s most renowned exchanges. Bitcoin and other cryptocurrencies can be purchased, sold, or traded on Koinbazar’s global cryptocurrency exchange platform, which is completely secure.
Trading Fees
The exchange levies a trading fee every time you issue a buy or sell order. However, Koinbazar charges flat costs for spot trading, which means that both takers and makers pay the same fee: 0.25 percent. These spot trading taker costs align with the worldwide industry norms for centralised exchanges. So it’s neither very high nor really low.
Withdrawal Fees
The fees are usually preset for withdrawals and vary from one cryptocurrency to another. To withdraw BTC, you must pay a small fee in BTC. You pay ETH when you withdraw ETH. The average price for a BTC withdrawal as per industry standards is 0.0006 BTC. Koinbazar charges the same, 0.0006 BTC for each BTC withdrawal.
Deposit Methods
Koinbazar allows you to deposit both crypto and fiat currencies on the site. However, wire transfers are the only option (not credit or debit cards).
Mobile Support
A desktop computer isn’t necessary for all cryptocurrency traders. Certain people prefer mobile phone trading. The Koinbazar trading platform is mobile-friendly, so you’ll be pleased if you’re one of such traders. It’s available on both Google Play and Apple’s App Store.
Platform View
The trading view is the section of the exchange’s website where you can check the current price of a certain cryptocurrency and its historical price chart before going ahead and placing the order. Koinbazar’s layout is straightforward and informative, making it a good choice.
Pros
- KYC in a flash
- Strict KYC verification processes
- Instant Deposits and Withdrawals.
- Low Trading Fee
- Referral and Reward System
- 24/7Customer Support
- Secure Platform
Cons
No Debit/Credit Card Deposit
Summary
Relax if you are a novice trader with no prior expertise. Trading like a pro with successful judgments in the competitive crypto world is now possible due to the user-friendly intuitive trade interface with current market movements and an order book offered by Koinbazar.
Media Links
Facebook: https://www.facebook.com/koinbazar
Twitter: https://twitter.com/koinbazar
LinkedIn: https://www.linkedin.com/company/koinbazar
Medium: https://koinbazarexchange.medium.com/
Youtube: https://www.youtube.com/c/Koinbazar
Instagram: https://www.instagram.com/koinbazar/
Reddit: https://www.instagram.com/koinbazar/
Telegram: https://t.me/koinbazar
Source: https://thenewscrypto.com/in-depth-review-of-prominent-crypto-exchange-koinbazar/