CoinTiger Review 2024


1.3 / 5
CoinTiger is #123 in our crypto broker rankings.

CoinTiger is a centralised cryptocurrency exchange with a wide range of tokens and DeFi services for clients across the world.

$1
Own
Cryptos, Futures
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Wire Transfer, WeChat Pay, Alipay, Credit Card, Visa, Mastercard

Crypto Trading

CoinTiger offers spot trades and futures contracts for thousands of digital currencies, including altcoins and stablecoins.

CoinTiger is one of the world’s biggest cryptocurrency exchanges, with users from all around the globe. The exchange offers traders the means to purchase and sell tokens, earn passive crypto income, trade crypto futures and invest in newly listed coins. This CoinTiger review will discuss the features and functions of the exchange, explore the trading platform and evaluate its main pros and cons.

CoinTiger Headlines

CoinTiger is a centralised cryptocurrency exchange (CEX) with headquarters in Singapore, offering a wide variety of spot cryptocurrencies and crypto pairs like KIN/USDT, XRP/USDT and STC/USDT.

The exchange’s owner Is Frank Ling and it is run by a team of developers from Singapore, South Korea and China. CoinTiger was launched in December 2017 and grew rapidly, boasting a user count of over 2 million spread across 100 countries by the middle of 2019.cointiger bse bond, fake volume, trust wallet, pika, dexg, glx & kin withdrawal issues

CoinTiger is what is called an ‘entry-level’ exchange as it allows users to purchase crypto using fiat currencies, though the cryptos that can be bought in this manner are limited. To access any of the other cryptos available on CoinTiger, users must first purchase either USDT or BitCNY coins.

The exchange also has its native coin, TigerCash (TCH), which is a decentralised blockchain asset operating on the Ethereum platform. Since its inception, its price has mostly fluctuated between 0.03 USD and 0.005 USD with a short, sharp peak of 0.072 USD in May 2021. Its current price and market cap can be found on cryptocurrency market websites such as CoinMarketCap and CoinGecko.

How To Trade

Exchange Platform

CoinTiger clients can trade cryptocurrencies on the web-based exchange platform. The platform has three interfaces: basic, advanced and convert. Both the basic and advanced interfaces operate in the same way, only differentiated by the presentation and view. Both also allow the execution of market (user-operated) and limit (specific price) orders and provide, graphs, charting tools, analysis features, daily volume, order books and order history.

The basic interface also provides a chat function to discuss with other traders and an API to customise the platform. The convert interface is a simple exchange screen for exchanging between USDT and sUSDT (Satoshi USDT). sUSDT is a stablecoin that is used for micropayments (1 USDT is 1,000 sUSDT).

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CoinTiger Exchange Platform

Futures Trading

CoinTiger also has a futures trading tab, where clients can purchase futures contracts on the values of different cryptocurrencies. Much like CFD trading, futures contracts can be purchased long or short, with the profit equal to the difference in the asset’s value at the position close from the position opening.

CoinTiger futures contracts can be leveraged for up 1:125, with the rate offered dependent on the value of the position. Higher leverage rates will require greater margin deposits and incur slightly greater trading fees.

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CoinTiger Futures Platform

Additional Services

CoinTiger has split the services that it provides between individual services like token pools and coin listings and institutional services like the Cloud and exchange incubation.

Individual Services

The CoinTiger Pools service is for token staking, whereby coins are used as collateral in a blockchain and earn fees from the running of the network. To take part, you must make an account and ensure it is an investment account rather than a trading account. There are many pools to choose from and each has a different annual yield, minimum initial investment amount and staking token. The Rocket service is an initial exchange offering (IEOs) service where new coins are launched and can be bought. Past examples include LeeeMall, DENGBA PLANET and SILK CHAIN.

Institutional Services

The CoinTiger Cloud service helps potential partners to set up other exchanges easily and at a low cost. The process involves the user selecting the functions and the services they need and then submitting documents like exchange naming details and any other requested materials. There is then acceptance testing and training, after which the exchange is launched.

Users can submit listing applications for their own coins via CoinTiger’s ‘Apply To List’ service. Here, you must fill out an application form with information such as founder info, ERC20 address and the pair you wish to launch with (listing fee depends on which crypto pair is selected). Afterwards, you have to wait for an audit, a project review and a roadshow presentation event. If the coin is accepted, it is put to community voting where the public can vote on the tokens to be launched, where 1 vote equates to 1 TCH. Previous coin listings include Gorilla Diamond, Riskmoon, Hanzo Inu and Kishu.

Finally, there is the CoinTiger Lab, which is an in-depth incubator to service blockchain projects. The exchange provides support for consultation, counselling, funding, listing and resource integration to partners. The Labs have already helped to set up TCT, a decentralised real estate platform, and BCG, a global market-forecasting platform.

Spreads & Commissions

CoinTiger charges its clients maker and taker trading fees. Makers pay 0.08% and takers pay 0.15% in fees, totalling 0.23%. This is competitive against the global average of 0.25%.

There are no deposit fees (unless you are paying for crypto with a credit card, in which case you are charged a 4.5% fee), though CoinTiger does charge withdrawal fees that vary depending on which coin you are withdrawing.

For example, AFC, SPH and TCT are the best in the market. EOS, BCH and ETC are below the market average but BTC, ETH and LTC are at or above the market average. If you wish to withdraw a fiat currency, then the fee is 3.5%, on average.

Payment Methods

To start trading on CoinTiger, you need to register an account. This is an entry-level exchange, so you can purchase your first crypto here. If you are using CNY, then you can use bank transfer, WeChat Pay or AliPay. All other fiat currencies can only use bank transfers.

For Visa/Mastercard payments, there are no minimum deposit and withdrawal limits but the maximum for both is 20,000 USD. If you use a credit card, then you are unable to withdraw any funds but you may deposit between 55 USD and 20,000 USD. The deposit time taken varies depending on what method you are using.

Mobile App

CoinTiger can also be used on a mobile device by way of its proprietary application. The mobile trading platform supports all the same functionality as the web client, with charting tools and a full range of cryptos.

The CoinTiger app is available to download on both iOS and Android devices and can be found by searching ‘CoinTiger’ on either the App Store or Google Play, respectively. For Windows desktop and Mac, you can get the app via a third-party app store as an APK file.

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CoinTiger Mobile Platform

Deals & Promotions

CoinTiger also has had airdrop events in the past, which are essentially giveaways for new coins and tokens. To find out about these events, the CoinTiger Twitter or third-party websites such as AirDropAlert will make an announcement near the drop date.

Regulation & Security

CoinTiger is not regulated by any recognised financial authority and so traders may not be properly protected or insured. The exchange uses the well-renown security agency John Wick Security Lab to provide smart contract and wallet security, though there have been reports of hacks in the past.

CoinTiger adopts a know-your-customer (KYC) policy whereby users must be verified by providing personal information such as primary and secondary photo IDs with proof of address from clientele. Once verified, users must use two-factor authentication (2FA) to access their accounts.

Customer Support

On the website, there is dedicated support and tutorial Zendesk section that provides guides for new users to help them navigate, set up and trade using the many features on CoinTiger. If you find that you are having a login or withdrawal issue and the tutorial section does not solve your problem, you can either submit a request to the team or use the CoinTiger Forum on its website, with topics such as maintenance updates, new listings, announcements and even a dedicated Iran section.

As there is such a large number of cryptocurrencies available on CoinTiger, it can be difficult to find information for all of them. To solve this issue, CoinTiger provides a service where project info for coins such as 420X, YFI (YFIE), x2p (xenon), Jindo Inu and Bafe.io can be found easily.

Benefits

Drawbacks

CoinTiger Verdict

CoinTiger is a wide-reaching, popular crypto exchange with a competitive pricing structure and support for futures trading on top of the traditional spot crypto trading and token staking services offered by competitors. The 2FA and ID verification implemented help to improve account security, though the platform itself is not regulated.

FAQs

Who Owns CoinTiger?

The CoinTiger CEO and founder is Frank Ling. The developer team is made up of members from Singapore, South Korea and China.

Is CoinTiger Safe & Legit?

CoinTiger is partners with John Wick Security Lab and has been audited regularly to ensure its security standards are strong enough. Additionally, there are 2FA and ID verification measures in place. However, be sure to keep up with the news in case the website security is breached and be wary of any scams. The platform has also reportedly been hacked in the past.

Where Do I Go If I Have An Error?

If you find that you are attempting to trade but CoinTiger is down, not working or trading is frozen, either contact the team via email or seek advice from the community on either the website forum or third-party social media channels.

How Do I Buy Cryptocurrency With CoinTiger?

CoinTiger is an ‘entry-level’ exchange as it allows users to purchase crypto using fiat currencies. In order to do this, you will need to register an account and carry out the 2FA and KYC verification before trading. Once verified, you must first purchase either USDT or BitCNY with the fiat currency of your choice, before exchanging these for other cryptos such as NAFTY, OSM, XRP or ZZZ.

Is CoinTiger Open Source?

There are 10 repositories available on the CoinTiger Github, along with their API documentation, that the public can read.

Does CoinTiger Require KYC?

Not necessarily. If you want to maintain your privacy, then you do not have to use KYC. However, if you wish to use fiat currencies or your account is suspicious and you place abnormal orders then you may be asked to enable KYC.

Does CoinTiger Allow US Customers?

CoinTiger is a global crypto exchange that accepts clients from all over the world, including the United States, Australia, Canada, South Africa and the UK.

How Does CoinTiger Compare To Its Competitors?

CoinTiger boasts competitive trading fees when considering alternatives like Binance, Bitmart and HotBit. Moreover, the exchange offers leveraged futures trading, a sleek mobile app and an exchange ranking system.

Top 3 Alternatives to CoinTiger

Compare CoinTiger with the top 3 similar brokers that accept traders from your location.

  1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
    Go to IG
  2. Swissquote – Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users.
    Go to Swissquote
  3. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
    Go to Interactive Brokers

CoinTiger Comparison Table

Compare CoinTiger With Similar Brokers
CoinTiger IG Swissquote Interactive Brokers
Rating 1.3 4.4 4 4.3
Markets Cryptos, Futures CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent) Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
Demo Account No Yes Yes Yes
Minimum Deposit $1 $0 $1000 $0
Minimum Trade $1 0.01 Lots 0.01 Lots $100
Regulators FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA FCA, FINMA, DFSA, SFC FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA
Bonus
Education No Yes No Yes
Platforms Own Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral MT4, MT5, AutoChartist, TradingCentral Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
Leverage 1:30 (Retail), 1:250 (Pro) 1:30 1:50
Payment Methods 6 6 5 6
Visit Visit Visit Visit Visit
Review IG
Review
Swissquote
Review
Interactive Brokers
Review

Compare Trading Instruments

Compare the markets and instruments offered by CoinTiger and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare CoinTiger Trading Instruments
CoinTiger IG Swissquote Interactive Brokers
CFD No Yes Yes Yes
Forex No Yes Yes Yes
Stocks No Yes Yes Yes
Commodities No Yes Yes Yes
Oil No Yes Yes No
Gold No Yes Yes Yes
Copper No Yes No No
Silver No Yes Yes No
Corn No No No No
Crypto Yes Yes Yes Yes
Futures Yes Yes Yes Yes
Options No Yes Yes Yes
ETFs No Yes Yes Yes
Bonds No Yes Yes Yes
Warrants No Yes No Yes
Spreadbetting No Yes No No
Volatility Index No Yes No No

CoinTiger vs Other Brokers

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CoinTiger is a centralised cryptocurrency exchange with a wide range of tokens and DeFi services for clients across the world.