Two of the primary issues faced by cryptocurrency traders are ‘high commission fees levied’ and ‘hardships in acquirement of digital currencies with FIAT’.
Traders are concerned about trading fees before starting to trade on any trading platform because high fees on trades will reduce potential profits.
Traders love to trade altcoins since they fetch more profits compared to Bitcoin and other digital currencies with huge market caps. However traders often experience difficulties in trading alternate digital currencies (altcoins) on different exchanges due to the long process it takes to purchase altcoins with fiat. Traders have to take this route "FIAT to 'most used digital currencies’ to altcoins" before they can purchase altcoins.
Cobinhood saw those issues above and developed an exchange platform with the intention of eliminating commission fees on trades and purchasing or trading altcoins to bring less difficulties with fiat purchases.
CobinhoodConbinhood
Cobinhood is the first cryptocurrency exchange platform with zero-fee trading commission on all trades. In other words, traders trade without maker and taker fees on Cobinhood exchange platform. Furthermore, Cobinhood offers direct fiat purchase of cryptocurrencies and various alternate digital currencies (altcoins), making the approach of buying digital currencies less complicated and faster.
The mission of Cobinhood is to maximize the profits made by all crypto traders around the globe.
Cobinhood keeps the exchange running with the profit earned from 'ICO underwriting services' and '5% of funds raised during ICOs in their native token'. Another way they make profits is through the provision of 'margin trading loans' with up to 10x leverage.
Conbinhood ICO Services
In contrast to other cryptocurrency exchanges, Cobinhood offers a comprehensive range of 'Cryptocurrency ICO underwriting services' that covers every aspect of launching an ICO to be a successful one.
Some of the 'ICO underwriting services' include technical development, regulatory and legal assistance, advertising, marketing and an automatic listing of the token on the exchange immediately after the ICO is completed.
Some of the success stories at Cobinhood include Cybermile which raised the impressive sum of 84,146 ETH within 48 hours. Cobinhood also raised a total of 45,254 ETH during the 2018 bear market for its own COB token.
COB token
Cobinhood owns a native cryptocurrency COB token, an ERC-20 token on the Ethereum blockchain. The COB token is already on coinmarketcap and it is currently trading at a price of $0.02 per token [17 Oct 2018 16:46] with a total market cap of $28,278,594.
Holders of the COB token are entitled to substantial benefits which include;
- Purchase of future listed ICOs on the Cobinhood platform at a very low rate.
- 50% off margin trading loans when paid back.
- 50% off of withdrawal fees.
Security
Cobinhood takes security of users' assets as their top priority. For this reason, 98% of assets are stored in an offline wallet and the remaining 2% that are available on the online wallet are covered by insurance. Cobinhood has put in place an optimal security measures to ensure the security of users’ assets which are discussed below;
Multi-signature wallet
Coinbinhood implements the use of Multi-signature wallet for a high level of security. Five (5) out of eight (8) geo-distributed hardware security modules are required for the wallet to be accessed.
2 Factor authentication
Conbinhood implements the use of 2-factor authentication on their platform. This enhances the security of user’s funds when their accounts are being accessed from another IP address or device.
HackerOne
Cobinhood recently hired HackerOne to further ensure the security of the platform. HackerOne is a renowned security platform full of cyber security expertise that helps in finding and fixing various bugs and vulnerabilities before they are found and exploited by hackers.
South East Asia blockchain summit
The 2018 South East Asia blockchain summit will be one of the most important crypto related conferences to be held in Indonesia. The conference will be held in order to explore industries that are being disrupted by blockchain technology and focusing on how to build partnerships with this technology. About 60 experienced speakers in this field will be giving their speeches during the two day conference. Daniel Chang, the CMO of Cobinhood, is among the speakers who will be presenting. This summit is stated to take place on the 3rd - 4th of November 2018 in Jakarta, Indonesia.
Conclusion
Conbinhood is the first cryptocurrency exchange with zero trading fees with more than 5 million users actively trading on the platform daily. The Conbinhood team are still working very hard with the intention of shaping future economies by creating a financial centre for the blockchain era. Trading on Conbinhood allows users to trade at no charges to maximize their trading profits.
Cobinhood Official Web Links
- Project Website 🌎
- Products & Services: ICO services, Github and Margin trading
Wallet App: Android 📱 or iOS📱 - Conbinhood Team 🙋♂️🙋
- Conbinhood Story 💡
- Facebook 👥
- Medium 👥
- Conbinhood Twitter 👥
- Conbinhood Instagram 👥