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COSS Review – Is COSS Scam or Legit?

COSS Exchange Rating
Conclusion
Read our COSS review and learn why we recommend this exchange for online trading and why it is not a scam, learn all you need to know in this COSS review before you sign up with the exchange.
Account Types
9.2
Trading Speed
8.8
Customer Service
9.5
Safety
8.6
9

COSS Review          

COSS logo

Cryptocurrency has become a highly sought-after asset due to its volatility and impacts on different sectors in human society. Due to the dynamics of the crypto market, it is only important that new investors become familiar with exchange and investment. The COSS exchange review will guide you in avoiding trading mistakes and also provide information that will impact positively your experience.

The large number of digital currencies that exist has made it necessary that there are reviews to help you choose right the cryptocurrency exchange that is most suitable for you. Cryptocurrency has developed over time and trading has been made much easier. You can now buy and hold for a long time, sell and also exchange. All you just have to do is to register with a trusted platform to get started.

One important factor you should never ignore is choosing the right trading platform to register with and the benefits can never be overemphasized. You need an exchange platform where you know your data and transaction are secured and your satisfaction will be guaranteed.

While you are focusing on making profits, always ensure that your decisions are not influenced by emotions. Before investing in any platform, be certain that they have a secured payment system. Other features you should look out for include; costs, speed, ease of use, and liquidity rate.

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COSS website

Most of the time, it is not always about having good instincts. There are a lot of factors that you need to bear in mind so you won’t be vulnerable to the various market schemes. So, it takes more than a strategy to succeed. Therefore, this review is going to provide you with all you need to know about COSS exchange. COSS remains a trusted platform that allows people to buy, trade, and exchange crypto.

Exchange platform COSS exchange
Websitehttps://www.coss.io/
Variety crypto42          
Account neededYes
Trading platformWeb-based
Payment methodWire transfer
VerificationMandatory
Customer SupportEmail and Twitter

What is COSS?

COSS is also known as Crypto One-Stop Solution is based in Singapore, one of Asia’s biggest countries that is playing a leading role in cryptocurrency exchange in the continent. COSS is a part of the Ethereum Enterprise Alliance and Singapore Fintech Association. COSS provides a one-step solution that allows people to buy anything crypto. COSS was established in 2019 after COSS exchange and Arax Wallet was incorporated. While COSS functions as a one-stop solution, it is a platform that has an exchange, a mobile wallet, and a liftoff as its auxiliary features. This parent firm has a lot of options that are best suitable for users. It is also easy to use.

The peculiarities of COSS exchange include the fast conversion of fiat currency into cryptocurrency and its transparency. COSS exchange is aimed at increasing accessibility to a favorable market that supports payment, assisting projects through a crowdfunding platform, and ensuring smooth crypto trading.

COSS is aimed at creating a platform where anyone that is wants to trade in crypto or invest can buy, trade, and exchange crypto with up to 100x leverage. The platform also allows companies looking for how to raise money to launch Initial Coin Offering (ICO) as a form of crowdfunding. Other peculiarities of COSS are that it promotes trading campaigns and there is a market cap widget that updates you on the prices of all cryptocurrencies.

As aforementioned, you must ensure that you are getting into a good exchange before you start trading. One of the factors you should consider is the trading volume. The COSS exchange is a 24h trading volume. The total volume exceeds $5 billion. It is normal for you to desire to feel assured about the company you want to be trading with. COSS exchange is in partnership with a reputable association like the Singapore Fintech Association among others.

COSS Trading Services

COSS exchange only allows registration strictly by invite. However, after you have successfully created your account, you can start trading immediately after you fund your account. After you have successfully created your account then you start the journey of building your portfolio and earning with COSS.

However, it is important that you study the trading view of the exchange. The trading views portray the order book, a price chart, and transaction history. It is advised that you study the trading view chart before you proceed into trading.

COSS Trading Fees     

The transaction fee of exchange is a very important factor you must consider. No one wants to pay a high fee for a very low profit; that’s why the transaction fees must not be overlooked. In COSS exchange, there are levels to the trading fee you will have to pay. The company wants traders to earn well with every positive trading where they are discounted by about 25%.

Crypto trading takes two forms and they include; the maker and taker. The fees differ between these two mostly based on their orders placed. The actions of the makers and takers influence the market liquidity rate.

When you place an order on the order book earlier before the trade, then you are a maker. However, when you place an order that is similar to that of the maker’s order then you are a taker. If you are a taker, your order gets completed faster. This is because of the trading volume is high enough and there are enough participants.

Both the maker and taker influence the market liquidity rate although differently. While makers create liquidity in the market, the takers remove liquidity. The trading fees are low and they will continue to reduce when you get to a certain level. COSS exchange charges takers 0.25% while makers are not allowed to pay any trading fee. However, there is a great offer for both the takers and makers. If your trading volume as a taker gets to a certain level, you will be charged as low as 0.15% while makers will be paid for trading.

What COSS does is that percentage of every trading fee goes to all token holders and this is accessible to all holders. The Fee Split Allocation (FSA) signifies that for all trading fees charged by the COSS exchange, 50% is returned to the holders of the COSS token.

Although registration is presently based on invitation, creating an account is free and you don’t have to worry about being charged when holding an asset or token in your COSS account.

Withdrawal and Deposit Fees

The withdrawal fees are fixed and it does not matter the number of units you are going to withdraw. However, it varies according to the currency you are trading. Every transaction fee must at least be in line with the crypto industry average. However, COSS exchange withdrawal fee charged is below the global industry average.

The normal withdrawal fee for BTC according to the industry average is 0.0006 BTC. However, COSS exchange is charging lower. If you are going to be withdrawing BTC, the withdrawal fee charged is 0.0004 BTC.

Over time, COSS has also developed its deposit method. When COSS first started it only accepted cryptocurrencies as its deposit method. However, COSS now accepts the deposit of fiat currency. You can also make use of bank transfers in US dollars, Euro, Pound Sterling, Yen, Hong Kong dollars. It does not allow deposits through a credit card.

COSS Wallet

This is one of the remarkable features of COSS exchange. The COSS wallet is a decentralized multi-blockchain that works with crypto wallets. Just like your traditional banks, however, COSS wallet is decentralized. In order for you to start trading, you need a crypto wallet. COSS wallet allows you to store your assets while ensuring trade at the same time.

This e-wallet doesn’t help you hold your assets alone, it helps approve your transactions and helps safeguard your keys needed to buy cryptocurrency. One of the benefits of is a mobile app and it is easy to use.

One of the distinctive functions of the COSS wallet is that it allows a fast conversion of crypto most especially Bitcoin and Ethereum. It allows you to recharge on mobile through cryptocurrencies and also enables crypto transfer through GPS. The e-wallet allows different types of tokens.

COSS Limits and Liquidity

There is no limit on the number of deposits you can make in your COSS account. You can continue to fund your account as much as you want. The liquidity rate is also accessible and the volume of trade differs according to the currency. The current trading volume of Bitcoin is 86.3%, Ethereum is 13.15% and the liquidity rate is 35%.

You can also help increase liquidity rate and trading volume by trading your tokens. Also, the company allows you to withdraw anytime you want on your smart contract but there are limitations.

The COSS exchange aims at providing a better trading experience for users by ensuring liquidity. This we also try to achieve this by introducing new features and trading strategies most especially the market cap widget. All these are to ensure user’s easy accessibility.

COSS Portfolios

COSS exchange provides multiple trading options for users so users can have a smooth experience and to ensure that new traders are not susceptible to the dynamics of the market and also help them make decisions based on what’s best suitable for them.

One thing that COSS is very mindful is the user’s portfolio. Immediately you create an account, you start working on building your portfolio. In order to help users build their portfolio, COSS exchange gives users 50% gotten from all transaction fees from every trading and exchange. All they have to do is to hold COS tokens.

Your portfolio helps you manage your trading and investment and also helps you keep track of each coin by keeping you informed about new price updates. While these features may only be a complement to expert traders, this is majorly for new traders and investors so they can get accustomed to the system.

Also, the COSS exchange gives holders access to FSA so they can build their portfolios. This means you will be discounted when you pay a trading fee using the token. Summarily, COSS exchange provides users with the opportunity of building their portfolio.

Cryptocurrencies Available on COSS

When it comes to cryptocurrency, high trading volume equates high volatility rate. A market with low volatility will result in continuous fluctuation of prices. So definitely what every trader wants is to trade in a highly volatile market where the price is stable.

In Cryptocurrency, liquidity is very crucial because it has to do with the fast conversion of crypto to cash or from crypto to crypto. COSS provides different types of cryptocurrencies and also accepts fiat currency mostly dollars, Pound Sterling, and Euros. The major cryptocurrencies available on the platform include; Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), COS (COS), Ox (ZRX), Basic Attention Token (BAT), and there is still a lot more.

Although COSS is available in many countries however the same rules do not apply to every country. COSS does not prohibit United States citizens from trading with COSS exchange. However, if at all there are issues, they must find a way of independently sorting them out. In few cases, they may not be able to trade with some websites that may even be the best trading site for them.

That’s why it is very important that you check the trading views so you can be certain of which is best suitable for you and the type of exchange that’s available in your region. However, COSS is available in many countries.

COSS users interface

Every trading platform must always ensure that its users have easy access to their accounts. Cryptocurrency is a decentralized network so there must be a quality interface so users will be able to understand. Just like fiat currency, the value of cryptocurrency depends on its usability. However, this has faced a lot of limitations majorly because of its complexities.

When users claim that they find it difficult to understand crypto, it is because the interface is not user-friendly. The best thing any crypto platform can do is to ensure that its platform is easy to use. The COSS users interface attracts users and is easy to understand regardless of the user’s profession or background.

Some of the features of the COSS interface include order books, trade history, price pattern, and trade view. This is to ensure that new users don’t find it difficult to get familiar with the platform. Our aim is to ensure that our platform is accessible.

We want to ensure that people are easily integrated and also enable them to make transactions daily by making available advanced tools. You can decide to store your crypto coin and if you want you can trade. It is easy to make deposits and you can always make withdrawals without hindrance.

How Secure Is COSS Exchange?

One of the benefits of cryptocurrency is how it is decentralized yet secured. COSS holds security at its peak and that’s one of the benefits it offers to its users. There are advanced security features that safeguard your data. It allows you to store your cryptocurrency in a digital wallet and there is transparency.

For security purposes, it is essential that you provide information about yourself like your email address, means of identification, a password, and it ascertains that you verify your account.

COSS offers four major security measures to its users. They include the generation of keys that is made of numbers that can’t be easily speculated. This is to ensure that third parties do not get access to your account. COSS generates a single address for every transaction done.

In most cases, it is required that there is a signature before you can make withdrawals. COSS also stores crypto that has signing authority in a separate location in order to ensure that it is secured. In order to ensure immutability, private and delicate data are stored offline.

As a user, you need to be security conscious with your e-wallet.

Customer Support

It is the utmost responsibility of COSS exchange to ensure that all users trade without any complications. Due to the development of technology, it has become easier to reach out to us whenever a customer wants to report an issue. Although we do not accept any phone calls and we will never put a call through to any of our customers to ask about their password or any personal information.

Some of the ways customers can report any issue or get through to COSS includes

COSS has its official page on Facebook with its information on it so you can reach out to the organization through Facebook.

  • Reddit

There is a home page of the COSS exchange on Reddit. If you need help, there is a support portal attached to your account dashboard so you can always make your requests known.

Other platform includes Twitter, Telegram, and LinkedIn.

Conclusion

COSS integrates the features of technology to provide the best services to its users and this makes it among the best cryptocurrency exchange that exists. The platform is secured and very transparent. It ensures instant conversion of crypto and it offers amazing features to help users build their portfolio.

Most of its benefits remain unrivaled. However, in order to benefit from these benefits, it is important that you create an account.

COSS Exchange Rating
Conclusion
Read our COSS review and learn why we recommend this exchange for online trading and why it is not a scam, learn all you need to know in this COSS review before you sign up with the exchange.
Account Types
9.2
Trading Speed
8.8
Customer Service
9.5
Safety
8.6
9

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Shelly Melancon (Switzerland)

Shelly is a cryptocurrency enthusiast from Switzerland, she bought her first crypto in 2015 when it was way less popular then it is today and since 2017 she has been writing about cryptocurrency for online news portals. Shelly is the newest addition to the Tokenhell team, she writes mostly news and reviews related articles , stay tuned to her posts to stay up to date with the crypto world.

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