Your expert: Alejandro Borja
Investing risks losing your money
Your expert: Xavier Tarrasó
Investing risks losing your money
Fees
Earns
Customer service
Fees
Earns
Customer service
Beginners
Trading
Passive income
Buy and hold
Beginners
Trading
Passive income
Buy and hold
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| Coinw | FEATURES | Wazirx |
|---|---|---|
|
CoinW offers low minimum trade thresholds, making it accessible for beginners and those with smaller budgets to engage in trading. |
Minimum Trade |
WazirX allows users to begin trading with relatively small amounts, making it an accessible option for beginners and those looking to test the waters without significant initial investments. |
|
CoinW maintains competitive trading fees, starting at 0.2% for both makers and takers, which decrease with higher trading volumes. |
Trading and Transaction Fees |
WazirX charges a flat fee of 0.2% on all trades, which is competitive; however, a lack of fee tiering can deter high-volume traders who typically benefit from reduced rates in other exchanges. |
|
With over 1,000 cryptocurrencies available, CoinW provides a vast array of trading options, catering to diverse investor interests. |
Number of Cryptocurrencies |
The platform supports a broad array of cryptocurrencies, providing users with ample opportunities to diversify their portfolios with both popular and less mainstream tokens. |
|
The platform supports numerous crypto-to-crypto trading pairs, offering significant flexibility and opportunities for arbitrage. |
Crypto-to-Crypto Trading Pairs |
Offers a substantial number of trading pairs, which is beneficial for traders looking to capitalize on market movements across various cryptocurrencies. |
|
CoinW provides clear information on its fees and policies, although improvements can be made in disclosing full details on security practices and fund storage. |
Website Transparency |
Generally, WazirX maintains a transparent approach with visible fee structures and trading terms; however, improvements could be made in the visibility of wallet safety and fund security protocols. |
|
CoinW lacks an exchange card for in-store purchases. |
Credit/Debit Card |
WazirX lacks an exchange card, limiting flexibility in utilizing crypto assets for everyday transactions and benefits. |
|
CoinW uses cold storage for the majority of its funds, enhancing security but details on the extent and management of these storages could be more transparent. |
Storage Offering |
Provides robust storage options with an emphasis on security; includes both hot and cold wallet solutions to ensure the safety of user assets. |
|
The exchange offers staking and rewards programs, but more detailed information and wider variety of options could improve user engagement. |
Staking and Rewards |
While WazirX offers staking options, the variety and rewards rates are less competitive when compared with larger platforms that specialize in staking and yield farming. |
|
Both the mobile app and desktop platform of CoinW are user-friendly and reliable, though occasional updates and feature enhancements would provide a smoother experience. |
Mobile App and Desktop |
Both the mobile app and desktop platform are well-designed, offering intuitive navigation and comprehensive functionality that meets the needs of most traders. |
|
While available 24/7 via chat, the lack of phone support and sometimes delayed responses are areas needing improvement. |
Customer Service |
The platform’s customer service is an area needing improvement, with reported delays in response times and issues with the effectiveness of the solutions provided. |
|
CoinW offers multiple deposit and withdrawal methods, but the addition of fiat currency options could significantly enhance user convenience. |
Deposit and Withdraw |
Deposits and withdrawals are processed efficiently, especially for INR transactions. However, the platform could expand its support for additional fiat currencies to enhance user convenience further. |
At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.
We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).
For more details on the categories considered when rating brokers and our process, read our full methodology.
Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.
Neither Threenvest, nor the author, are recommending you to invest with this article.
