COBINHOOD is a cryptocurrency trading platform whose beta version was launched at year-end 2017. The exchange boasts real-time trades and high security, but its most famous feature is as the maiden exchange to offer zero trading fees (though ironically the Robinhood exchange expanded into cryptocurrencies in 2018 and similarly offers that feature.)
COBINHOOD was founded by Popo Chen and Wei-Ning Huang, the latter of whom is a Google alum. The exchange boasts a seasoned management team and tapped technology veteran Tony Scott, a former Microsoft executive who also served in the Barack Obama administration, as an advisor.
Click on Exchange to get to the trading dashboard. Next, select which trading pair (product) you’d like to use from a drop-down menu. The default trading pair is COB/ETH, but you can select from a list of dozens more across four markets: BTC, ETH, USDT and COB.
On the right side of the dashboard, there’s the Order Book comprised of current orders. Sell order prices are depicted in red, while buy order prices are in green. Place your order as either Market Order, Limit Order or Stop Order.
Trade history reflects buy and sell orders of all users on the platform. You also have access to charting including bar, hollow candle, candlestick or line graphs. COBINHOOD runs a mini ticker with the latest price and relevant information for the product you selected, including –
COBINHOOD boasts real-time trading, a feature that Chen explains they can offer because the exchange built the entire cloud-based backend system themselves. He says in a Medium blog post: “The proprietary order book matching engine that can process millions of orders per second for every trading pair and under sub-millisecond latency. He adds: “The whole system is designed to be fully distributed, highly available and auto scalable.”
COBINHOOD checks most of the security boxes that cryptocurrency exchanges have to offer, including
There are no major security breaches to speak of since COBINHOOD launched at year-end 2017. COBINHOOD further describes its security features as such -
As an added security measure, if you log-in from a different IP address, you’ll receive a “new device verification” email. The COBINHOOD management team also appears to welcome forthcoming regulation, as evidenced by Chen’s remarks –
“We believe that blockchain financial system will be under regulation in the future and we are more than happy to see that coming. We plan to operate under full legal compliance,” according to COBINHOOD’s Chen.
COBINHOOD is an emerging cryptocurrency exchange that supports the major markets and offers trading in dozens of altcoins across numerous possible trading pairs. It’s ideal for investors who trade with frequency, given the zero fees, as well as investors looking to gain access to some of the newer coins that aren’t available on major exchanges, if you are willing to endure lower trading volumes until the exchange and its altcoins become more widely used.
They boast “stable and lightning fast APIs”
COBINHOOD also has an official app for iOS and Android, both of which have trading capabilities.
The COBINHOOD app on Google Play for Android 4 stars out of a possible 5 stars across more than 300 user reviews. On the positive side, traders rave about zero fees, but on the negative side, some investors suffer from unanswered support tickets and lost funds amid new coins that are no longer available.
The app is also downloadable via the App Store for iOS.
|Rank||Site||Margin trading||Fiat||Safety||API||Referral||Location||Languages||Buy with||User Vote||Score|
|1||A||San Francisco, USA||EN||bank transfer, card|
|3||A||No||Hong Kong||EN||EUR, USD|
|4||No||A||Europe||EN, CZ, SK||USD, EUR|
|5||A||No||San Francisco, California, United States||EN||USD, EUR, JPY, CAD|