Coindirect Crypto Exchange Trading Platform Review
Coindirect

Coindirect Crypto Exchange Trading Platform Review

By Heath Muchena | Decentralised | 10 Apr 2021


This is a crypto trading platform that works as an exchange and P2P marketplace and allows users to buy and sell cryptos and tokens. You can trade over 40 different digital assets through P2P or swapping.

Coindirect is registered in the Isle of Man and was launched in 2017. Some of the services offered on this platform are:

Buy/Sell Bitcoin

  • You can buy your crypto of interest at the P2P marketplace or directly using a card.

Wallet

  • It offers wallet services for all the cryptos it supports

Convert

  • A user can swap from one crypto for another.

Account types offered on Coindirect

There are two types: Business and Personal. The Business account provides a way of integrating cryptos with businesses. On the other hand, the Personal account allows you to access the services previously mentioned.

Business Account Features

  • Accepts global crypto payments 
  • Instant global crypto pay-outs
  • Accepts BTC payments for game buys and virtual items
  • Supports bookings from anywhere on the globe with no chargebacks

Personal Account Features

  • 24/7 trading
  • Accepts several payment methods
  • Offers trades of up to $1m
  • Supports fiat payments

Fees and Limits

  • Conversion fees- 0.25%
  • Marketplace fees for vendors- 1%
  • Credit card fees for Nigerians is 1.99% while for the rest of the world is 3.99%

This platform limits users who have not completed verification:

  • In Nigeria, unverified accounts can only buy Bitcoin worth 200k Naira, but verified ones can buy up to 1.25m Naira worth of Bitcoin daily.
  • In South Africa, unverified accounts are allowed 15k ZAR, while verified ones are permitted volumes up to 500k ZAR daily.

Supported currencies and payment methods

Some of the cryptos are BTC, ETH, XRP, LTC, TRX, among others. The fiat currencies are EUR, GBP, AUD, NGN, ZAR, and KES. Supported payment methods include Bank Transfer, credit/debit card, PayPal, M-PESA, and SEPA. Please note that M-PESA is only available in Kenya, while SEPA serves European nations. 

Security

Coindirect is a well-secured exchange which has two security measures in place: escrow and 2FA authentication.

Escrow

Buyers and sellers are moderated using Escrow. A seller can only release cryptos once the buyer pays. In case the buyer fails to pay within the allocated time, the seller will be given back the coins.

2FA Authentication

Your account is shielded from unauthorized access through the 2FA authentication. You need to download the Google Authenticator app on your phone and link it to your Coindirect account.

Closing Remarks

Coindirect’s services comply with world standards. This shows that this platform operates legally, and if a user’s rights are violated, they can be sued. This platform aims to spread its wings into more nations and also incorporate more coins.

Coindirect has proven to be reliable and trustworthy even though it lacks live support chat. You can still reach them through Twitter, Facebook, and email. Before you select any platform to use, put into consideration your aim for buying the cryptos and what you want to use them for.

Lastly, you can earn a living by becoming a full-time trade vendor at Coindirect exchange.

Originally posted https://decentralised.africa/ 


Heath Muchena
Heath Muchena

Founder, Decentralised Africa & Proudly Associated Author, Journalist For more about me: https://linktr.ee/heathmuchena


Decentralised
Decentralised

Digital Asset Chronicles For more visit https://decentralised.africa/

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