COSS Exchange ReviewCentralized
Standing for “Crypto One-Stop Solution”, COSS aims to gather all the features that a cryptocurrency investor might need under a single platform. Launched in 2017, the exchange prides itself on its transparency, speed, and security. Alongside being a trading platform, COSS boasts other features such as “a platform for ICO launches and promotional trading campaigns.” Though it is based in Singapore, an exchange review reveals that the exchange has multiple ties with Romania, the biggest one being that it is a member of the country’s Chamber of Commerce and Industry. It is also a member of the Singapore Fintech Association (SFA).
Users can trade in no less than 54 different cryptocurrencies, involving the most popular ones such as Bitcoin, Ethereum, COSS, Dash, Omisego, etc. Trading in altcoins is also available. The platform does not differentiate between trading fees for “takers” and “makers”, meaning it has a “flat fee”. COSS has a flat fee of 0.20%. Average fees in the industry goes as high as 25%, which gives COSS a slight competitive edge due to its relatively low fees. COSS also charges a withdrawal fee of 0.001 BTC, which is quite close to the global industry average. Fiat-crypto trading is not available on this platform, meaning that new cryptocurrency investors looking to trade on COSS will have to utilize another exchange first. This could deter new cryptocurrency investors from using the platform.
The platform supports a multi-lingual interface, as it offers translations in 8 different languages such as Arabic, Chinese, Vietnamese, Turkish, Spanish, Korean and Bahasa. Such options are extensive enough for almost everyone around the world to be able to navigate the website with ease. The website is designed simply, making it practical and convenient to use.
COSS delivers on its promise of being transparent, as its website dedicates a separate page on information about the team behind the exchange. The page contains links to the team’s LinkedIn profiles, through which users can learn more about their background and expertise in the area.
There have not been any major incidents concerning security or incidents of hacking, however keeping in mind the fact that the exchange was only launched in 2017, this does not mean that the platform is completely secure. Users should approach exchanges that are relatively new with caution.
COSS Exchange Review, Trading Fees, Deposit and Markets
24h Trading Volume
COSS Total Trading Pairs
COSS Margin Trading
COSS Deposit fees
COSS Fiat Deposit
Accepted Payment Method
COSS Native token
Native token smart contract
COSS Trading Markets
COSS Stablecoins trading
Daily Withdrawal Limit
COSS Withdraw fees
BTC – 0.00023
BCH – 0.006
ETH – 0.008
Full list here
COSS Withdraw fees discount
Lower fees for crypto to crypto transactions.
Proof of Reserves
COSS Exchange Rating Analysis
Last edit 30.07.2019
COSS, or Crypto One-Stop Solution, is an exchange which aims to become just what it says in the name, and provide its users with a place to buy crypto using several fiat currencies, trade it for other coins and in the future aims to offer more services.
The exchange launched in late 2017 after a successful ICO for their token, COSS, which today acts in a split-revenue model: 50% of the income from trading fees is distributed to COSS holders in accordance with the amount of COSS they hold on the exchange. This model is risky regulatory-wise: it might be considered a security by some regulatory bodies. Nevertheless, COSS appears to be working closely with regulators in Singapore – where it’s registered. They also have an office in Amsterdam.
Their fees are similar to the standards in the industry, not too competitive, and their site appears to be well designed – although a closer inspection reveals the development and the software architecture to be quite fragile, and the actual backend of the exchange alongside its trade-matching engine is of a mediocre quality, failing under heavy loads at times.
COSS does manage to attract significant volume, more than $10M daily these days, and offers trading in many high-cap coins which are sought after, and does not list esoteric and insignificant coins – and we applaud it for doing so, in order to attain legitimacy as a proper and trusted exchange.
To conclude, we believe COSS is a relatively safe place to trade on, with enough liquidity on many pairs – although not optimal. Their weakest points are the low-level of backend infrastructure and mediocre liquidity on some pairs.
COSS Exchange KYC and AML
COSS Exchange KYC and AML
Proof of address
COSS AML policy
COSS Exchange Additional Information
COSS Establish date