How To Make Money From CoinPark

What is CoinPark?

An exchange from Singapore is called CoinPark. It first appeared in 2018.

Financial Backing

The support of numerous different investors is available for CoinPark. The following businesses are among the investors:

Mobile Support

The majority of traders in cryptocurrencies use desktop computers. However, other folks would rather use their mobile devices. You'll be glad to know that CoinPark is also accessible as an app for your iPhone or Android phone if you fall into that category.

US-investors

US investors appear to be able to trade here, at least according to the material we have seen on this exchange's website. In any case, US investors who are interested in trading here should make their own opinions regarding any matters relating to their citizenship or place of residence.

CoinPark Trading View

Different exchanges have various trading philosophies. There is also no "this overview is the best" point of view. You should decide for yourself which trading perspective is ideal for you. The order book, or at least a portion of it, a price chart for the selected cryptocurrency, and order history are typically displayed in all of the displays. Additionally, they typically have purchased and sold boxes. Try to look at the trading view before selecting an exchange so you can determine whether it feels good to you. The trading view at CoinPark looks like this:

CoinPark Fees

CoinPark Trading fees

Naturally, trading fees are vitally significant. The exchange assesses a trading cost per time you place an order. The trading charge often indicates a percent of the trade order's value. They do not distinguish between takers and makers in this exchange. Here, the cost is the same for all parties to a transaction: 0.10% of the order value.

0.10% is less than the sector average. Although the industry standard has long been 0.25%, we are currently observing a shift towards lower rates. Today, many exchanges impose fees similar to CoinPark, such as 0.10% or 0.15%.

CoinPark Withdrawal fees

When you withdraw BTC from CoinPark, a 0.0005 BTC withdrawal fee is paid. At 0.000812 BTC, this is significantly less than the industry average BTC withdrawal charge. Therefore, CoinPark's fees are about 40% less than the industry standard.

Overall, CoinPark provides reduced trading and withdrawal fees than the industry standard, which is fantastic.

Deposit Methods

New investors are not permitted to trade at CoinPark because it only accepts cryptocurrency deposits. You must first buy cryptos from another exchange before depositing them at this exchange if you are a novice cryptocurrency investor and want to start trading here. Use our Exchange Finder to locate an exchange where you may deposit fiat currency, and we'll help you through the process.