Coinzo Reviews

Coinzo has a trading engine with a very high performance both with TRY and BTC trading pairs. Moreover, Coinzo has a referral program; a trader can invite friends and make 20% of the trading fees that they aggregate for Coinzo.

Trading fees

Every trade occurs between the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches the maker’s order. Makers are so-called because their orders make the liquidity in a market. The ones removing this liquidity by matching makers’ orders with their own are the takers.

Coinzo’s trading fees for takers are 0.20%. This fee is below the industry average that is 0.25%. At Coinzo, makers pay an even lower trading fee, also they receive a 50% discount against the taker fees and thus only pay 0.10% per trade. This is a very good way of promoting liquidity at the trading platform.

Withdrawal fees

Another important factor to consider before choosing which exchange to trade at is the withdrawal fee. The withdrawal fee is usually fixed regardless of the amount. But, the fee varies from cryptocurrency to cryptocurrency. For example, BTC-withdrawals are 0.0005 BTC, which is roughly 40% lower than the global industry average, being approx. 0.0008 BTC.

How to Deposit

Coinzo does not yet accept credit card deposits of fiat currency, whereas wire transfers are possible in Turkish lira. At Coinzo, when you need to deposit via wire transfer or credit card, you have to find an exchange where such deposit methods are permitted.

Security

Exchanges store a massive amount of valuable personally identifiable information and handle of course a lot of cash or coin deposits and withdrawals. For this reason, security is important at the crypto exchanges. Coinzo has a good security score; far above average when it comes to top crypto exchanges and a “feather in the cap” for Coinzo. More information about Coinzo exchange can be found at https://www.coinzo.com.