COBINHOOD: Zero-fees Bitcoin exchange . Reviews & Opinions
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INCOMING SALT! The only nice thing about Cobinhood is it has an OK looking modern user interface, on your mobile browser. I won't mention their spectacular failure of a launch. The constant problems every step you take to trade. The hidden sucker punch fees. Customer help who will ghost you when you ask questions as to why you can no longer put sell orders, why I can't withdraw for two weeks, why were trades reversed, why I'm being told by admins that I should shut up with the FUD. No I won't mention the no FIAT until See You Next Tuesday. I've place that behind me. Maybe this can smooth it ou.... oh so it's my internet connection that won't allow me use the app?! NOPE IT'S ALL TRASH!
This application has a clean UI , with its feature of 0% trade fee.But , the only difference between this and binance is that , it can support you to trade between two or three crypto's only , whereas in binance it helps you to trade in a lot of altcoins as well.Overall application is good.
In the description of this application they told that they supports FIAT currency deposit. But in the application you can only deposit some cryptos. Fake app. International price of the coins also fake. Don't waste your time here.
I think it all looks amazing but immediately, clicked on funds and error occurred. Fix it up and will definitely rate higher. *Update* Now I can transfer funds deposits and withdrawals. However, it would be nice to see USD conversion of each coin instead of just seeing Eth or BTC price. Will modernize review the better the application gets.
Transfered coins to this www service and showed balance 100% usd value less. Taken coins just for depositing into the account. Won't allow you transfer out until you send documents, and the page where to upload the documents is a blank black screen. I am going to contact trading standards and write reviews all over the jet. Rip off report www service and others. Waiting for a answer to help ticket
This application is awful. You aren't allowed to trade any coins until you give them all of your info such as a picture of proof of residency, taxpayer ID, a selfie with your passport, and a lot of other forms. After reading the terms and conditions they do not specify who they share your info with other than they have the right to do so. They do not let you to delete your acc and have them remove your info either, I had tried to contact customer help which isn't simple or specific which the CEO had said was why he founded Cobinhood in the first put (copy of Robinhood). In order to trade true stocks that are regulated you need to provide less info and not need to worry about having your identity stolen.
Ive been using the web platform since begin and love how easy it is. Their application does not disappoint by using a super clean interface. It is easy to create trades and simple to maneuver around the app. Besides that its free to trade who doesnt wish that. The exchange is fresh and still growing to become a worthy competitor. They have limited coins but in a few days will be adding 14 fresh coins and token. Volume will increase as they add more coins for free trading.
Working amazing for me. Beautiful smooth and quick interface. I can create trades right from this app. Don't Know what's it about the other poor reviews. Still waiting for more coins to be added to CobinHood exchange which should be on the 12th Jan according to their announcement. Hold up the amazing work!!! Can't wait to begin trading other coins and tokens here.
So for fresh users be sure to check Reddit for more information. I will post part of a comment I just submitted that should cover my experience so far. This application is VERY beta. The pricing on coins is off because there are so few users iirc, I just made an acc and can't add funds(it gives an error every time I try). They only have btc, eth, and their own COB coin with them adding more later this week (so I have been told). They seem very overwhelmed with the influx of users already and I am concerned the product is not polished enough for this widespread release so I may not place cash in until more things are resolved. Lastly they have already been sent a cease and desist letter by Robinhood because they are almost exactly copying their branding. So I am concerned they are going to have future lawsuits if they don't obtain this resolved quickly. TL:DR Overall a lot of potential and I love the idea of no fees on crypto currency exchanges. They just have a lot of growing pains out of the gate and some necessary legal items they need to take care of before I would have total faith in this exchanges survival.
Its amazing for trading. But what's the point if I couldn't withdraw my USDs to my bank acc when in need. The help colleagues are responsive but not solving the actual cause of the problem. They just say test in desktop ver but not in mobile. For me both didn't work. Who will take the responsibility from your team. Highly FRUSTATING.
Nobody responsible for our qeuries, nobody answer for email.. just wasting a time & they send always auto answer that they are too busy to solve a lot of queries. I hate this app. I waited to begin an acc for more than 2 weeks and still they saying we are busy to solve your issue
Don't waste your time on this app. If you are going for bit coin it's better to go for zebpay or any other but not this. They don't value money. Hefty charges for every transaction. I can't even trade for INR 2500 bit coins because they have such high minimum limit. If you value cash do not use this app.
Short of a few minor niggles like the wrong order book showing after you've switched trading pair, and not being able to cancel orders unless you login to the application again, I think it's a amazing app. Can trade everything, withdrawals work fine for me too.
Won't allow me shop sell. Won't put limits with exact amounts remaining even though my "order has been placed". Cancelling an order doesn't work anymore, have to log into website. Just awful. Downgraded to a 1 star. The application is just to dangerous to be a viable trading platform. Rather log in via browser on mobile.
Ok app, except has bugs when ordering exact amounts. Makes it difficult to put orders. Also when I wish to deposit more cash I can't click on the limit button to see my current amount, which is low btw. Pls increase my limit! If you fix the current bugs I will increase my rating. I will modernize this review as I search more bugs in hope they will be fixed.
1. I can't withdraw BTC or BCH using the withdrawal option in this app. The www service works absolutely fine but the application doesn't. I've added address to withdraw to and entered the amount but the withdraw button can't be clicked strangely. 2. Can't buy using Credit Card on mobile app. Again - works fine on the www service but not in app. The 3-D secure page just doesn't render in the app.
Ok for trading, but you can't initiate withdrawals from the app. To withdraw currency via bank transfer, you have to use the website. To withdraw BTC, use the website. Also, while you can enter limit orders, the application seems to have problem cancelling begin orders. I sometimes have to logon to the web website to cancel an order when the application won't. Bug: when switching to a various trading pair (BTC/GBP), the order book often shows the orders of the selected pair, then a few seconds later reverts to showing the previously selected pair (BTC/EUR).