CoinEgg is an unregulated cryptocurrency exchange based in the UK – the brainchild of one Dr. Peter Chan. Reportedly a Ph.D.graduate from the University of Surrey and an expert in artificial intelligence, among other things. While they do not give an extensive list of products on their website, CoinEgg does offer a number of trading options against 2 of the big bullies in the crypto market – Bitcoin and Ethereum.
On the first look, CoinEgg is quite unfriendly to unfamiliar eyes. A series of lists, figures, and graphs. And the list of countries that won’t allow CoinEgg access offers a few suggestions as to the site’s legitimacy.
CoinEgg’s security is reportedly good. Admittedly, it is difficult to pass, even when signing up for the basic account, before you’ve even verified your email address. They have the usual captchas, which really test your eyes in order to pass them successfully – some of them are quite difficult to read.
Plus, there are two sets of passwords you need to create – one for entry to the site, another specifically for trading. They also have an optional two-factor identification required to protect your assets. As an exchange, CoinEgg boasts that they haven’t been hacked in all the time they have been in business, since 2013. Though, never say “never.”If the history of Bitcoin is any indication, then it’s a smart bet never to keep your money on an exchange, regardless of how secure they claim to be. Get yourself a paper wallet or some variety of storage device and keep your assets safely offline.
CoinEgg is a UK-based digital assets exchange. The company does not accept or send any form of fiat currencies, which puts them in the category of trading venues which are not regulated (as no legislation for them exists). This will definitely not be everybody’s cup of tea, but when it comes to exotic assets, CoinEgg offers a few of them. With such low fees, it’s not hard to see this exchange attract even more volume in the future.
Coming back to the regulatory aspect, we will reiterate what you probably know – dealing with cryptocurrencies still carries a significant level of risk. Even some of the top-tier exchanges have been hacked in the past. This is one of the topics on which the forex, brokers offering cryptocurrency trading have an edge. That being said, scammers do pop-up in the field of traditional finance
|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|