Coinsuper

Coinsuper Review

What is Coinsuper?

Coinsuper is one of the many cryptocurrency exchanges based in Hong Kong. It has been active since 2017. Coinsuper offers a decent number of trading pairs. Not only the biggest cryptocurrencies, but not a triple-digit numbers of trading pairs either.

Coinsuper Advantages

At the platform, Coinsuper themselves highlight what they perceive to be the most important advantages with their trading platform. They list six things. First, that you can deposit fiat currency here. Second, that it has advanced trading technology. Third, their robust security. Fourth, their capital strength and their reliability. Fifth, global access and sixth, that they use market surveillance tools to detect fraudulent trading. All of these except possibly “global access” are indeed important features for a trading platform in our opinion.

Investor Backing

There are a number of decent investors behind Coinsuper, according to information from Coinsuper’s website. This is a printscreen from 12 September 2018 showing investors:

US-investors

US-investors can presumably trade here. At least Coinsuper does not say that they can’t. But, any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.

Coinsuper Trading View

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at Coinsuper:

Coinsuper Fees

Coinsuper Trading fees

Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers are so named because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers’ orders with their own.

Coinsuper’s trading fee for takers is 0.20%. This fee is in line with the industry average. The industry average is arguably around 0.25%, but we now see more and more exchanges starting to offer even lower fees, such as 0.10% and 0.15%. Makers enjoy a slight discount on the trading fee here and trade with a trading fee of 0.14%.

Coinsuper also offers trading fee discounts when you have a large trading volume during the preceding 30 days. Trading fees can become as low as 0.10% for takers and 0.00% (i.e., free) for makers. That is if they have a trading volume exceeding USD 30 million. So we think that there won't be that many people reaching the highest level, level 12, in the below table:

Coinsuper Withdrawal fees

The tarding venue charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This fee is a bit above the global industry average, which was 0.00057 BTC per BTC-withdrawal the last time we made a full-blown empirical study of the subject.

Deposit Methods

At this particular exchange, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors. One could view this ecxhange as an “entry-level” exchange as it accepts a wide variety of fiat currency deposits.