CoinTiger Exchange Review

CoinTiger is a digital asset exchange / cryptocurrency exchange that is based in Singapore – a country that is second on the list of countries by economic freedom with a score of 89.4 (2017) and 88.8 (2018) on the Economic Freedom of the World Index. A CoinTiger exchange review also reveals that this crypto exchange serves the crypto space via no less than 83 active markets and 70+ cryptocurrency pairs.

A CoinTiger exchange review also reveals that this crypto-asset exchange was founded by Singapore TAI-E Cyber-Tech PTE. LTD (reg. no. 201728906M) – a company that was incorporated on October 10, 2017 in Singapore. Furthermore, it seems that CoinTiger was developed in cooperation with Skymoons - a popular Korean developer of online games for mobile devices. Skymoons was in the meantime acquired by Chinese online video platform, IQiyi.

CoinTiger offers basic spot trading and plans to add advanced spot trading as well as what seems like Futures contracts. A CoinTiger exchange review also reveals that they have a token of their own, namely the TigerCash (Ticker symbol: TCH) token – an ERC20 token used on the CoinTiger platform. It is not to be confused with Thore Cash (Ticker symbol: TCH).

CoinTiger offers an app that is available for devices with mobile operating systems, including Android and iOS. The CoinTiger app is available for download at Apple’s APP Store and Google Play. In addition, the CoinTiger website is available in more than one language, including English. It must also be mentioned that a visit to their website triggers a warning by anti-malware software. It may be a false positive, but it is nonetheless worth noting from a security point of view.
CoinTiger provides security through its two-factor authentication (2FA), which can also be found in many other exchange platforms. This system makes sure that it is indeed the user trying to access the account by sending a verification code to the user’s mobile phone. It is common and quite effective prevention against hackers. An exchange review reveals that the platform has also agreed with multiple partners to work together in order to enhance the exchange’s security, such as Chaitin Tech, Lianan.org and John Wick Security Lab. 

CoinTiger’s biggest appeal lies in its low trading fees. It charges a trading fee of 0.15% for takers and 0.8% for makers, both of which are significantly lower than the global industry average of 0.25%. This gives the exchange a slight competitive edge over other platforms with higher trading fees. It has a withdrawal fee of 0.0005 BTC, which is also slightly lower than the global industry average of 0.0008 BTC. Overall, the exchange supports quite competitive fees. CoinTiger is also an entry-level exchange, as it allows for fiat deposits to be made. This renders the exchange friendly towards new cryptocurrency investors. Such deposits can be made through both bank transfers and credit cards. 

One disadvantage lies in the fact that the exchange lacks transparency. Though the address of their headquarters is provided on the website, there isn’t any information regarding the team behind the exchange. This lowers the credibility of the platform, as not knowing the expertise and backgrounds of the people in charge of the exchange could deter users from trusting CoinTiger.