CoinDirect Exchange ReviewCentralized
Coindirect exchange provides its customers with a peer-to-peer marketplace that enables them to easily buy and sell digital currencies using local currencies. Coindirect is based originally in South Africa, allowing people to use any local currency in order to trade cryptocurrencies for more than 42 cryptocurrencies. These range from the most popular ones such as Bitcoin (BTC), Ethereum (ETH) to lesser-known Dash, Litecoin (LTC), and Dogecoin (DOGE).
One of the main goals that co-founder Stephen Young mentioned is that of solving the instability of most African fiat currencies that show volatility, insecurity and lack of governance. Thus, it can be shown that the Coindirect team is dedicated to providing people with a service that is guaranteed to work.
Coindirect treats security as one of its high priorities as it is registered by the Isle of Man Financial Supervision Commission, while it uses the same security measure banks use. Furthermore, coins are transferred to a third-party location (escrow) until the transaction has been fully completed.
Coindirect exchange offers its users an easy to use platform as they can manage the number of wallets they choose to keep on their account, whereas the initial account comes up with default wallets for Bitcoin, Ethereum, and Tether. Another advantage of using Coindirect exchange is that referring it to further clients guarantees you a 20% commission for any new customer, either a buyer or a seller. However, it is indicated to refer it to the latter category as they have higher trading volumes.
Another feature of the coindirect is the transparency conferred through the minimal fees accepted for conversion as they are no higher than 0.25%. There is no maker, whereas there is only a 1% fee for taker fee. As for card fees, these are 2% for Nigeria, while the fee is 4% for the rest of the world.
CoinDirect Exchange Review, Trading Fees, Deposit and Markets
24h Trading Volume
CoinDirect Total Trading Pairs
CoinDirect Margin Trading
CoinDirect Deposit fees
Deposit fees vary
CoinDirect Fiat Deposit
Accepted Payment Method
CoinDirect Native token
Native token smart contract
CoinDirect Trading Markets
CoinDirect Stablecoins trading
Daily Withdrawal Limit
CoinDirect Withdraw fees
Full list of withdrawal fees here.
CoinDirect Withdraw fees discount
Proof of Reserves
CoinDirect Exchange Additional Information
Isle of Man