With the rise and exponential increase in the world of cryptocurrencies, the masses are now migrating from a conventional or fiat-based system of cryptocurrency into a more secure and superior one in their search for freedom and because of the numerous problems faced with fiat-based financial institutions. Since 2017, the market cap of cryptocurrencies increased in a manner that it almost doubled its size before the seventh month of that same year. Obviously, we're faced with unprecedented change where the digital is aiming to replace the offline economies.

This is the sole reason why a reputable exchange like Cobinhood is an important element in trying to bring about this global transformation. This is because of the role they play in trying to attract more people to prefer cryptocurrencies to fiat. They play a very important role considering how much you'll be charged by other exchanges for carrying out trading activities on their platform. Compared to other exchanges, Cobinhood offers a 0% fee on trading activities on their platform thereby allowing traders to maximize their 100% profit. To every trader, one of the biggest discouragements associated with cryptocurrencies is the transaction fee one will have to pay to a centralized exchanges for carrying out trading activities on the platform, a problem Cobinhood has solved.

Zero-Fees Trading

Cobinhood is the very first cryptocurrency exchange that offers a 0% trading fees on transactions carried out on the platform. There's no fee imposed on traders by the exchange in carrying out both spot trading and margin trading, making it a zero-fee exchange. It is very surprising that other exchanges will demand transaction fees from you just to withdraw a cryptocurrency you just traded to your own wallet or trying to transfer it to another exchange. Considering the compulsory transactions fees that should be paid in the protocol level, most of these exchanges are not to be blamed for charging high trading fees, but the price isn't meant to be high to a point where it is becoming an issue for traders. However, this scary increase in transaction and trading fees have been eliminated by the emergence of Cobinhood, which aims at offering a 0% platform for traders to carry out trading activities without any hassle.

Secured Crypto Assets Deposit

In the era of both Bitcoins and cryptocurrencies in general, there's been a constant occurrence of misplaced coins due to the fact that individuals tend to lose their private keys. The question here is;

how do we avoid such incidents and make our cryptocurrencies more secure? this is the question on everyone's mind.

That's the sole reason why many people are becoming awakened and looking for exchanges that are more secure to carry out trading activities. And why not? Cobinhood as a cryptocurrency exchange stores assets in an offline multi-signature(multisig) vault.

What's a Multi-Signature Vault?

A multi-signature Vault is requiring more than one key to trigger or authorize a transaction for a more secure and swift transaction.

The multisig is responsible for the safety and security of cryptocurrencies.

Conclusively, with the daily increase in the number of both crypto investors and traders, millions of USD worth of transactions are being done on a daily basis. Exchanges are being used to carry out these transactions, although crypto traders are supposed to be making profits than they are currently, with the heavy transaction fees from certain exchanges, it makes it nearly impossible for traders to enjoy their profits. This is the time for a zero-fees trading, and Cobinhood is one with several benefits. How lucky we are!

Disclaimer:

Many of the findings on this article are researched and are based on my own opinion. I am not a financial adviser and as such, I'll welcome any debate.