Post
Topic
Board Announcements (Altcoins)
Re: [ANN] COBINHOOD - ZERO Trading Fee Cryptocurrency Exchange
by
MadGamer
on 17/05/2019, 06:56:20 UTC
COB is dead , and Cobinhood are scamed , no volume trading , no liquidity ! SCAMMM

If they are still open and trading then most probably is not a scam but it is cobinhood's fault to not bring liquidity to the exchange. They must incentivize market makers to come to cobinhood. As we can see they don't have many coins trading there but the exchange has a nice UI. I have noticed that their orders books look buggy or is it just me? Can anyone tell me where can I find the whitepaper so I can see what are their tokenomics?
This exchange site lack of promotion and the UI doesn't seem good for me personally. The main point that prevents this exchange site to growth the developer was strictly apply KYC for the new users and remember those major exchange sites are putting a better requirement to trade and there was a limited amount for those are not verifying their accounts. that should be the main reason why this exchange site still doesn't grow a lot.
Even the dev has already removed it but it doesn't work.

Have they removed the KYC obligation for new users? Are you saying that did not the trick or what? Most exchanges don't ask for KYC to trade and they let users withdraw like 2 btc per day just like Binance.

You can withdraw up to 3 BTC per day as shown below, and more If you decide to verify your identity.



For me, the reason why they don't have many users is because of the supported coins. They should start adding new coins (ones that finish ICOs) instead of listing old ones, that way they know they'll gain a new userbase each time, whom will probably stay If the exchange is half decent.