What is CoinTR?
CoinTR was founded in late 2022, making it a relatively new exchange. Furthermore, it has developed or designed what it refers to as “the third generation of cryptocurrency trading systems,” which direct its focus primarily toward giving users a trading experience that is not only stable but secure as well. CoinTR claims to offer diverse trading along with real-time observational data, i.e., tools that can enable its users to acquire trading information a step quicker, with their funds being secured through “an official bank custodian and supervision.”
Who created CoinTR?
We could not find any specific information regarding who founded the platform or the entity or individual behind its creation. This is mainly due to the sheer lack of any sort of coverage in the form of reviews or informative articles about this exchange. The closest you can come to learn about its team is through its statements, which assert that strong financial institutions based in Turkey and its team having experience in leading cryptocurrency exchanges make its services more trustworthy or competitive. Again, that isn’t exactly enough.
Where is CoinTR located?
From what we have gathered, the exchange is based in Istanbul, Turkey, at least according to its LinkedIn profile, and probably because it initially catered to a Turkish audience at one point.
Is CoinTR Safe?
Unfortunately, there isn’t enough information out there about CoinTR for us to conclusively determine whether or not it is safe. We can only go by what this exchange has claimed on its website, which we’ll be discussing.
Is CoinTR scam?
While it may not be a scam, the extent of its safety seems a bit unclear. What has been stated on its website, however, is that the trading system CoinTR employs has been audited or tested by HACKEN, that it utilizes fault isolation and multi-node availability, and that its security team is apparently composed of industry professionals.
Pro & Con
CoinTR Pros 👍
Going by what it has highlighted on its website, there can be quite a few things that may make it worthwhile to look into.
- For one, its trading system has been properly audited or tested, which can maintain stability.
- Moreover, it has also been actively seeking compliance with global regulatory licenses, like the United States MSB registration license and the cryptocurrency license within the EU’s special economic zone.
- Then there is its team, which it claims to be highly experienced and filled with industry veterans, making them more than capable of handling skilled endeavors and developments.
CoinTR Cons 👎
However, there are things that the exchange really needs to work on.
- Firstly, they need to address the lack of information and work towards creating more awareness for their exchange.
- While the website states that it has acquired an MSB license within the United States, its Terms of Service say something different in that the US is still included in its list of restricted countries. Still, this could mean that it hasn’t yet updated its Terms of Service, which, if true, needs addressing as it could deter potential investors.
- Another thing worth noting here is that because the exchange is new, it has yet to offer the cryptocurrency selection that you would normally expect from leading exchanges, which usually number anywhere from 250 to 500 tokens.
This section will take a brief look at how CoinTR fares against the AQRU and OKX exchanges.
CoinTR vs AQRU
The comparison between AQRU and CoinTR is unlike your usual comparisons between cryptocurrency exchanges. This is because the two set out to do different things. AQRU focuses on one thing, which is to function primarily as a service providing cryptocurrency savings accounts, which enable one to receive interest on the virtual currencies that one owns and leaves idle. All one needs to do is create an account on AQRU and deposit the cryptocurrencies they want to receive interest from. To this end, AQRU supports Ethereum and Bitcoin, and depositing both can then make you eligible for a 7% APY.
Furthermore, stablecoins can be deposited as well, which cover USDT and DAI. In addition to a reduction in volatility, AQRU will also hand out a 12% APY for depositing them, which is very competitive. CoinTR, on the other hand, is a platform that focuses more on trading, so you will find services here that you won’t find on AQRU, such as spot and futures trading, for example.
What’s more, it even offers a chance to earn 10% APY on your deposits, which you can do by going to the CoinTR Earn section. So, ultimately, what platform suits you may depend on what you want to do with the tokens you own. If you want to engage in trading, then CoinTR may be the place for you. If, however, you simply want to earn interest on your savings, then AQRU might suit your needs, especially since it offers a higher APY.
CoinTR vs OKX
Unlike the previous comparison, the two exchanges here set out to accomplish similar objectives in that they both function like your standard cryptocurrency exchanges. Obviously, there are a few differences. One of them is how long the two exchanges have operated, which can make all the difference depending on the individual. CoinTR is a comparably newer exchange than OKX, which has been operating for a while now. This may be why there is such a big gap between their cryptocurrency selections. For instance, OKX supports more than 350, whereas CoinTR supports around 100.
Not only that, but OKX’s trading fees are lower as well, as it initially charges 0.08% as maker fees and 0.100% as taker fees. Compared to this, CoinTR charges 0.20% for both maker fees and taker fees, respectively. Consequently, these two differences alone can make all the difference when deciding which exchange to invest in. However, this gap is poised to shorten as CoinTR grows or once it has operated for a longer time.
Review and basic information of CoinTR are as follows.
|Crypto Exchange Basics||CoinTR|
|Exchange Representative (Founder)|
|CoinTR Launch Date||1970-01|
|Number of Tradable Crypto Pairs||Pairs|
|Weekly Visits||0 Users|
|Overall Rating||⭐ / 5.0|
CoinTR Fee 2023
The fees charged to you for transactions at CoinTR are as follows.
|Maker/Taker Fees||CoinTR Transaction Fees|
|Spot Maker Fee||No Service Provided|
|Spot Taker Fee||No Service Provided|
|Derivatives Maker Fee||No Service Provided|
|Derivatives Taker Fee||No Service Provided|
CoinTR Trading Volume
Trading Volumes of CoinTR are as follows. (Based on CoinMarketCap 2023-12-05 08:44:12 data)
|Trading Volume Items||CoinTR Trading Volume|
|Daily Trading Volume (24h)||0 KRW|
|Weekly Trading Volume (7d)||0 KRW|
|Monthly Trading Volume (30d)||0 KRW|
|Daily Volume Change (24h)||0.00%|
|Weekly Volume Change (7d)||0.00%|
|Monthly Volume Change (30d)||0.00%|
Communicate with CoinTR
You can check exchange's messenger and SNS information in the table below.
Who founded CoinTR exchange?
CoinTR was founded in 1970 by .
Where is CoinTR located?
Currently, CoinTR's headquarters is known to be located in the .
How many cryptocurrencies are tradable on CoinTR?
If you join CoinTR, you can trade a total of crypto pairs.
How much is CoinTR trading fee?
CoinTR has a spot maker fee of % and a taker fee of %. On the other hand, the maker fee for futures trading is N/A and the taker fee is N/A. Please note that these fees are for regular users, and the higher your membership level within CoinTR, the lower the fees.
How much is CoinTR trading volume 24h?
CoinTR's trading volume 24h is 0 KRW. Furthermore, the daily trading volume is showing a 0.00% change from the previous day.
How much is CoinTR weekly trading volume?
CoinTR's weekly trading volume is 0 KRW, with a total of 0 users. Furthermore, CoinTR's weekly trading volume is showing a change of 0.00% from the previous week.
How much is CoinTR monthly trading volume?
The monthly trading volume of CoinTR is 0 KRW. Furthermore, this month's trading volume is showing a change of 0.00% compared to the previous month.