Note: The official website is inaccessible.
Overview of Cointiger
Cointiger is a cryptocurrency exchange operating out of Australia for approximately 2-5 years. As an unregulated platform, it offers trading services without oversight from financial regulatory authorities.
For fees, Cointiger charges 0.15% for takers and 0.08% for makers, which is a standard fee structure in the industry. There is no mention of a demo account being offered. Customer support is available via email.
Regulatory Status
Cointiger operates as an unregulated trading platform.
In unregulated environments, clients may have limited recourse and protection in the event of disputes or unforeseen issues. It's essential for individuals considering Cointiger to exercise caution and carefully assess their risk tolerance when engaging with an unregulated broker.
Pros and Cons
Pros:
Competitive Fees: Cointiger offers relatively low trading fees compared to other exchanges, with 0.15% for takers and 0.08% for makers, making it cost-effective for frequent traders.
Email Customer Support: The availability of email support provides users with a direct means of communication to seek assistance or address inquiries, enhancing accessibility to customer service.
Cons:
Unregulated: As an unregulated exchange, Cointiger lacks oversight from financial regulatory authorities, potentially exposing users to risks related to security, transparency, and investor protection.
Fees
Cointiger charges fees for trading activities on its platform. For takers, who execute trades immediately at market prices, the fee is 0.15%. Makers, who provide liquidity by placing limit orders that are not immediately filled, incur a lower fee of 0.08%.
Customer Support
Cointiger provides customer support services through email. Traders can reach out for assistance or inquiries via the following email addresses: info@vtmarkets.com and cointigerlimited@gmail.com.
Conclusion
In conclusion, Cointiger offers competitive fees and email customer support as notable advantages. However, it operates as an unregulated exchange, which may raise concerns regarding oversight and investor protection. While the competitive fees and accessible customer support contribute to its appeal, users should be mindful of the lack of regulation when considering trading on the platform.
Exposure
User 1: “My first encounter with Cointiger appeared promising due to the remarkably low trading spreads. Initially, I believed I had found a reliable broker. However, as I approached profitability, my orders encountered frequent delays in execution. To illustrate, I placed a trade at a fair price with the expectation of immediate execution. Instead, there was a significant delay before my order was executed. By the time it went through, the market had already shifted substantially, causing me to miss out on potential profits.”
User2: “ CoinTiger, a moderately-sized exchange serving millions of users, has been inaccessible since February 2nd due to announced ”upgrades“ expected to last ”months. Despite this significant disruption, there seems to be a lack of discussion surrounding the issue, which strikes me as peculiar. Am I the only one concerned？ How are users not expressing frustration？ Am I overlooking something？
Having been involved in cryptocurrency for a considerable time, I've never witnessed such irresponsible or haphazard behavior from an exchange. There was no prior announcement on the platform, nor any warning provided, aside from a post on Telegram. Services were abruptly suspended without any clarity on when they would be restored.
FAQs
Q: How long has Cointiger been operating？
A: Cointiger has been operating for 2-5 years.
Q: Is Cointiger regulated by any financial authority？
A: No, Cointiger operates without regulation.
Q: What are the trading fees on Cointiger？
A: Cointiger charges a fee of 0.15% for takers and 0.08% for makers.
Q: Can I open a demo account on Cointiger？
A: No, Cointiger does not offer demo accounts.
Q: How can I contact Cointiger's customer support？
A: You can contact Cointiger's customer support via email at info@vtmarkets.com and cointigerlimited@gmail.com.
