CoinCall Review : Should You Use this Exchange?

Overview of CoinCall

CoinCall is a centralized cryptocurrency exchange launched in 2023. With a team that has more than nine years of experience in the crypto industry, the platform offers innovative trading tools for both beginners and advanced traders. The team behind CoinCall comes from JP Morgan, Binance, OKX, and other reputable financial institutions.

CoinCall provides:

Spot trading for major pairs like BTC/USDT, ETH/USDT, and others.
Options trading for BTC and ETH, offering a European-style trading framework.
Futures trading including perpetual futures and non-liquidation futures.
Altcoin trading for altcoins such as Solana, Bitcoin Cash, and others.

The exchange is known for its user-friendly interface, designed to make complex trading instruments accessible to all. CoinCall also offers a comprehensive Academy with educational resources and tutorials, aimed at helping traders of all skill levels.

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Core Features and Trading Tools

CoinCall stands out with its core features, offering a range of trading tools:

Options Trading: The platform specializes in crypto options, supporting BTC and ETH. It offers a European-style trading framework that allows automatic exercising at expiration. There are Lite and Pro interfaces to accommodate traders of varying skill levels.
Futures Trading: CoinCall provides perpetual futures with no expiration date, and non-liquidation futures to protect traders from forced liquidation.
Spot Trading: Supports major crypto pairs such as BTC/USDT, ETH/USDT, and TRX/USDT, with different order types like limit, market, and post only.
Altcoin Trading: CoinCall offers trading options for 10 different altcoins including Solana, Litecoin, Ripple, and more.
Advanced Trading Tools: The exchange features advanced charting tools, a real-time PnL chart, and a modular trading stack for high performance and efficiency.

Fees and Supported Cryptocurrencies

CoinCall charges competitive trading fees based on the type of trading and the asset:

Options Trading Fees: Maker fees for BTC/ETH options are 0.03%, and taker fees are 0.08%. For altcoins, maker fees are 0.02%, and taker fees are 0.06%.
Futures Trading Fees: Maker fees are 0.025%, and taker fees are 0.06% for all futures trading.
Spot Trading Fees: Zero fees for BTC/ETH/TRX/XRP trading pairs. Other pairs have a 0.10% maker/taker fee.
Delivery Fees: Weekly, monthly, and quarterly options incur a delivery fee of 0.015%, while daily options have no fee.

CoinCall supports cryptocurrencies including:

BTC/USDT, ETH/USDT, XRP/USDT, and TRX/USDT for spot trading.
10 altcoins for options trading such as Solana, Litecoin, Chainlink, and others.

The platform also has minimum deposit requirements and withdrawal fees, which vary depending on the cryptocurrency and network used.

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Security and Account Verification (KYC)

CoinCall prioritizes security through:

Third-Party Custody: The first centralized exchange to store all user assets with third-party custodians like Copper and Cobo. This enhances security by not directly holding funds on the platform.
Bug Bounty Program: Encourages ethical hackers to find vulnerabilities and strengthen the exchange’s security by offering rewards for responsible disclosures.

The platform offers Level 0 (Lv.0) account verification, which grants users the following benefits:

Non-KYC
Coin Withdrawal: Allows daily withdrawals of up to 50,000 USDT and monthly withdrawals of up to 200,000 USDT.

CoinCall Academy and Customer Support

The CoinCall Academy offers comprehensive educational resources for traders:

Free Educational Materials: Includes tutorials and guides for beginners and advanced traders on topics such as options trading, market analysis, and trading strategies.
Weekly Lessons: Conducts live sessions with expert traders, available in multiple languages including English, Spanish, Korean, Japanese, and Chinese.
Community Support: Allows users to interact directly with teachers via Telegram for real-time guidance and support.

CoinCall’s customer support is available 24/7 to assist traders:

Live Chat Support: Immediate assistance for account issues and trading inquiries.
Email Support: For more detailed queries that require further investigation.
FAQ Section: Comprehensive database of frequently asked questions to provide quick answers.

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Bonuses, Referral Programs, and Promotions

CoinCall offers a range of bonuses and referral programs to reward its users:

Sign-Up Bonuses: New users can receive bonuses after creating an account and completing specific tasks or trading volumes.
Referral Program: Users can generate passive income by referring friends to the platform. A unique referral link is provided, and rewards are earned based on the trading activity of the referred users.
Trading Competitions: Regular competitions are held with rewards for the top traders based on trading volume, allowing users to earn additional bonuses.

These programs are designed to encourage engagement and reward active traders on the platform.

CoinCall vs. Competitors

When comparing CoinCall to other crypto exchanges, there are several distinct differences:

Specialization in Options: Unlike most exchanges, CoinCall prioritizes options trading, offering extensive tools and features specifically designed for this market.
Third-Party Custody: CoinCall is the first CEX to fully use third-party custodians for all customer funds, offering an extra layer of security not commonly found in other exchanges.
Educational Resources: The CoinCall Academy offers comprehensive learning materials and live sessions, providing a more educational focus than many competitors.
Fee Structure: CoinCall has a competitive fee structure across spot, options, and futures trading, which can be more favorable compared to the fee structures of larger exchanges like Binance.

Overall, CoinCall stands out due to its focus on options trading, security through third-party custody, and its educational approach.

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Conclusion: Is CoinCall Right for You?

CoinCall presents itself as a unique exchange with a strong emphasis on options and futures trading. The platform offers:

Advanced Security: Leveraging third-party custody to enhance fund security.
Educational Focus: Providing comprehensive educational resources for traders through its CoinCall Academy.
Versatile Trading: Supporting a wide range of trading options from spot to altcoin and perpetual futures trading.
Competitive Fees: Offering a clear and competitive fee structure across different trading products.

While CoinCall caters to both beginners and advanced traders, its advanced trading tools and focus on options trading make it particularly suitable for traders looking to explore the options and futures market in depth.

Frequently Asked Questions (FAQs)

1. What is CoinCall?

CoinCall is a centralized cryptocurrency exchange focusing on options, futures, and spot trading. It emphasizes security through third-party custodians and offers extensive educational resources through CoinCall Academy.

2. What trading types are available on CoinCall?

CoinCall provides options trading, futures trading, spot trading, and altcoin options trading.

3. How secure is CoinCall?

CoinCall employs third-party custodians like Copper and Cobo for enhanced security, ensuring that customer funds are not directly held on the exchange.

4. What are the fees for trading on CoinCall?

The fees vary by trading type, with competitive rates for spot, options, and futures trading. Specific fee details can be found on CoinCall’s official website.

5. How does the CoinCall referral program work?

After creating an account, users receive a referral link. They can share this link with friends, and when those friends start trading, the referrer earns rewards based on their trading activity.

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6. Does CoinCall have a mobile app?

Yes, CoinCall is available on both iOS and Android, allowing users to trade from anywhere using their mobile devices.

7. Is CoinCall suitable for beginner traders?

Yes, CoinCall offers a Lite version of its trading interface and comprehensive educational resources through CoinCall Academy, making it accessible for beginners.

8. What is the CoinCall Academy?

The CoinCall Academy is a learning platform offering tutorials, live sessions, and guides on trading strategies and crypto options.

9. How does CoinCall handle KYC verification?

CoinCall provides Level 0 verification, allowing daily withdrawals up to 50,000 USDT and monthly up to 200,000 USDT. Further verification levels may offer additional benefits.

10. What cryptocurrencies are supported on CoinCall?

CoinCall supports major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and a variety of altcoins.

11. Does CoinCall offer customer support?

Yes, CoinCall provides 24/7 customer support through live chat and email. A detailed FAQ section is also available for quick answers to common questions.