What is CoinTiger? CoinTiger Exchange Review LATEST

What is CoinTiger Exchange? Following CoinEx, CoinTiger is not necessarily a well-known name among crypto exchanges. More precisely, it’s more popular in South Asia. However, with a 24-hour trading volume of over $6 billion, it has drawn considerable attention from traders, including those in Vietnam. So what exactly is CoinTiger? Which country is it from? Is CoinTiger Exchange reliable or a scam? What are other users saying about it? Let’s explore these questions in detail in today’s article.

1. WHAT IS COINTIGER?

CoinTiger is the name of a cryptocurrency exchange. In terms of age, it’s a relatively young platform but has shown impressive growth. According to its own statistics, Vietnamese users account for only about 3.2% of all traders on CoinTiger Exchange.

Besides the web-based platform, CoinTiger also provides an app available on both Android and iOS. Users can search for it on Google Play or the App Store.

1.1. CoinTiger Exchange Development History

The founder and CEO of CoinTiger is Frank Ling. He is backed by a development team with members from Singapore, South Korea, and China. The platform is headquartered in Singapore and officially launched at the end of 2017. Just two years later, by mid-2019, CoinTiger proudly surpassed 2 million users across over 100 countries.

In April 2018, CoinTiger also launched its own ecosystem fund. The fund acts as an investment group into early-stage blockchain projects and tokens, while also offering consultancy to potential projects and expanding activities across more than 10 countries on various continents.

1.2. CoinTiger Security and Legal Status

CoinTiger has developed features to protect the platform from hacker activities, including:

• Fund Password: This serves as the last layer of protection before withdrawals. Users must enter this password to confirm transactions or withdraw funds.
• SMS Verification: One of the 2FA (two-factor authentication) options, mainly used for login security.

• Google Authenticator: A common method for crypto users, used to secure logins, withdrawals, or resetting passwords.

However, there is no public information confirming that CoinTiger stores user assets in cold wallets—a standard many use to evaluate exchange credibility.

Also, despite being based in Singapore, CoinTiger is not regulated by the Monetary Authority of Singapore (MAS). In fact, MAS has issued some warnings related to this exchange.

2. PRODUCTS OFFERED BY COINTIGER

CoinTiger collaborates with John Wick Security Lab to provide several notable features:

• Buy some cryptocurrencies with fiat (e.g., BTC, ETH, PooCoin, etc.)
• CoinTiger mobile app available
• Native ERC20 token called Tiger Cash (TCH)
• Multiple income-generating features beyond trading
• Supports multiple fiat deposit/withdrawal methods

2.1. CoinTiger Exchange Trading Platform

Although additional features are offered, the core of CoinTiger is still its trading platform. On the website, CoinTiger provides three trading modes:

• Basic: Basic (Basic): Just look at the name functions and you also expect how these functions will be used, wrong. The basic trading sections of Cointiger are similar to other trading, including Limit orders, command fields and stop limit orders. There is also an order book and a chart on the right. Especially below the chart there is a chat box for traders to communicate with each other.

• Advanced: The advanced trading section also has a similar interface to the basic trading section, with the addition and improvement of more detailed charts and a clearer order book.

• Convert: This feature is what makes CoinTiger different. In it, users can convert between USDT and sUSDT. sUSDT is a stable coin that can be used for payments on Cointiger Exchange at a rate of 1 sUSDT = 0.001 USDT.

• Futures: This feature is also divided into two types of Margin: Isolate and Cross, applicable to two types of USDT-margined and coin-margined futures contracts. Currently, Cointiger is providing more than 80 trading pairs with USDT along with a maximum leverage of x125 applicable to the BTC/USDT pair. Coin-margined futures (COIN-M) support 6 trading pairs.

2.2. CoinTiger Token Staking Pool

CoinTiger Pool provides users with coin staking services based on crypto assets and a suite of products, such as monthly yield growth products (MYG) with increasing returns and fixed rate products with pre-determined returns, providing small and medium-sized traders with the ability to make the best decisions.

Each CoinTiger Staking pool has a detailed start and end date for interest accumulation, and your return will be automatically calculated by the system. After the product expires, the system will automatically distribute the principal and interest to your investment account. Users can check the investment details in “Breakdown of Return”. Note: Your assets will not be unlocked before the final deadline. When the expiration date comes, the system will automatically unlock and pay interest afterwards.

2.3. CoinTiger Rocket Platform

This is CoinTiger’s Launchpad allowing access to newly launched tokens. It started in February 2018 and successfully launched 5 tokens. However, since the launch of LEEE-LeeeMall in late 2019, no new tokens have been introduced via this platform.

2.4. Mystery Box Feature

CoinTiger joined the NFT trend with the launch of Mystery Box in September 2021. Users can purchase boxes containing NFTs or tokens. The first series, Mystery Box Variety, sold out within hours. Collaborations include Metamusk, Megatoken, Babydoug, PolyP, and others.

3. COINTIGER FEES

For spot trading, CoinTiger charges a flat fee of 0.15% for takers and 0.08% for makers. For Futures trading, the platform fee is 0.025% for makers and 0.07% for takers. However, since July 2021, CoinTiger has officially implemented a VIP system, providing discounts at different levels based on their trading volume over a certain period of time.

4. HOW TO OPEN A COINTIGER ACCOUNT

4.1. Registering a CoinTiger Account

On the homepage, click “Register” next to “Login”. Fill in your email/phone number and create a password (8–30 characters, including letters and numbers). You will receive a 6-digit confirmation code via email to complete the registration.

4.2. KYC Verification on CoinTiger

Users are not required to perform KYC verification before using CoinTiger exchange. You can trade with a maximum trading volume of up to 2 BTC per day. However, to be able to increase your withdrawal limit to 50 BTC per day, or when there are signs of irregularities in your account, you will receive a KYC verification request from CoinTiger exchange.

To do KYC, click on Account and select “Authentication”, select your country then select the type of document to authenticate such as CCCD, CMT, Passport or Driver’s License. In the next step, you will need to fill in your full name, passport number or document number along with a photo of the document and a Selfie with your ID with a handwritten ID and the date taken. After uploading, click “Send” and wait for a response.

5. HOW TO DEPOSIT & WITHDRAW ON COINTIGER

CoinTiger does not accept direct fiat deposits on the platform. However, you can still use fiat currencies to buy USDT under the “Fiat” section on the Menu bar. This feature requires you to complete KYC.

To withdraw or deposit coins on CoinTiger, click on “Fund” next to “Order” in the upper right corner. If you are depositing coins, select “Deposit” and if you are withdrawing coins from the exchange, select “Withdraw”.

• Deposit: When entering the deposit section, start selecting the coin or token you want to transfer. Some coins will have a minimum quantity, the system will warn you when selecting it. Next, copy the address or take a picture of the QR code to make sure you transfer the coins to the correct address.

• Withdraw: In the withdrawal section, you also need to choose the coin you want to withdraw. Then, paste the address into the “Address” box, enter the amount of coin you want to withdraw. The system will automatically display the fee you have to pay. Finally, enter the verification code sent via email and click “Submit”.

6. IS COINTIGER A TRUSTWORTHY EXCHANGE?

In fact, perhaps most of you reading this article are most interested in the CoinTiger review section to know the reputation of this exchange, right?

6.1. CoinTiger Customer Support

First of all, the support department will be the place to answer questions as well as solve problems you encounter. CoinTiger Support supports multiple languages, operates 24/7 through two methods: creating feedback requests via email or automated chat bot on the web.

In addition, the “Support Center” section has blog posts that provide basic instructions on issues that users may frequently encounter. If you cannot find a solution to your problem, please contact Support via email. In addition, CoinTiger also provides support through social media platforms:

• Telegram
• Facebook
• Reddit
• Twitter
• Medium

6.2. CoinTiger Exchange Review

While some of the advantages of CoinTiger include competitive transaction fees, a large number of supported cryptocurrencies, and opportunities to earn money through Staking pools, CoinTiger still has some limitations such as:

• Limited chart analysis tools
• Instructions and support are still not detailed and have many limitations

Not only that, there have been many accusations against CoinTiger on Reddit – a social networking site with many forums with different topics. There have been some accusations related to CoinTiger delaying withdrawals or rejecting withdrawal requests. Most of these accusations are on r/KinFoundation, a forum for users who own KIN tokens.

7. CONCLUSION

There is no such thing as a perfect crypto exchange. Every platform, including CoinTiger, has its pros and cons. Unlike previously reviewed exchanges, users interested in CoinTiger should be cautious due to the allegations.

Anyone can make claims on forums, and not all are verified. The key is to do your own research, verify information, and decide for yourself whether CoinTiger is the right exchange for you.