Pros
Cons
Quick Summary
| Headquarters Location | Singapore |
|---|---|
| Fiat Currencies Supported | USD + 2 others (some through third party apps) |
| Total Supported Cryptocurrencies | 73+ |
| Trading Fees | 0.60% |
| Deposit Methods | Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Xfers, GrabPay, PayNow |
| Support | Facebook, Twitter, Instagram, Help Center Articles, Support Ticket |
| Mobile App | Yes - iOS, Android |
Coinhako is a Singapore-based cryptocurrency platform that has been serving users since its inception. The exchange has gained traction in the cryptocurrency industry, offering a user-friendly interface and a wide range of digital assets for trading.
Let’s delve into what makes Coinhako stand out in the bustling market of crypto exchanges.
Coinhako continues to thrive in a dynamic environment where the cryptocurrency industry is constantly evolving. The platform’s resilience and adaptability have allowed it to maintain relevance and appeal among a diverse user base.
With the crypto space experiencing waves of change—from technological advancements to shifts in user behaviour—Coinhako remains steadfast in its mission to be a reliable and accessible point of entry into the world of digital currencies.
About Coinhako
Singapore-based cryptocurrency platform Coinhako was founded with the vision to improve access to cryptocurrencies in Asian markets. Since its launch, Coinhako has played a key role as a gateway to the cryptocurrency landscape for many people in the region.
The platform has witnessed substantial growth, reflecting the burgeoning demand from users for reliable and efficient digital asset services.
Coinhako’s trajectory has been significantly influenced by the cryptocurrency trading wave that swept across Asia, attracting a multitude of users keen to explore the digital asset space. The platform’s growth can be partly attributed to the vibrant blockchain ecosystem in Singapore, which has emerged as a hub for blockchain innovation and a favourable destination for prominent investors in the tech industry.
The exchange has successfully tapped into this ecosystem, capturing the attention of both seasoned crypto investors and newcomers alike, including a notable number of Vietnamese people seeking access to blockchain technology.
Coinhako has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Reddit, Telegram, TikTok and YouTube.
Coinhako has a mobile app on both the Apple App Store and Google Play.
Coinhako Supported Cryptocurrencies
Coinhako supports trading on over 73 cryptocurrencies on their platform. This exchange currently supports 21 of the top 30 market cap cryptocurrencies.
View all cryptocurrencies Coinhako supports
- 1INCH
- AAVE
- ADA
- ALT
- ARB
- ATOM
- AVAX
- AXS
- BAND
- BAT
- BCH
- BLUR
- BNB
- BTC
- BTTC
- CHZ
- CLV
- COMP
- CRV
- DAI
- DOGE
- DOT
- DYDX
- EGLD
- ENJ
- ENS
- ETH
- FET
- FIL
- FLOKI
- FLOW
- FTM
- GALA
- GRT
- HBAR
- ICP
- IMX
- IOTA
- JUP
- KLAY
- KSM
- LDO
- LINK
- LRC
- LTC
- MANA
- MATIC
- MEME
- MKR
- NEAR
- NEO
- OMG
- OP
- PEPE
- RNDR
- RUNE
- SAND
- SC
- SHIB
- SNX
- SOL
- THETA
- UNI
- USDC
- USDT
- VET
- XLM
- XNO
- XRP
- XSGD
- XTZ
- YFI
- ZIL
Trading Experience
The trading experience on Coinhako is tailored to be user-friendly, catering to both novice and experienced cryptocurrency traders. It boasts a streamlined interface, facilitating seamless navigation and trading.
Additionally, the platform offers an array of tools and features that enhance the overall cryptocurrency trading experience for its users.
The trading experience offered by Coinhako is designed to be pleasant and efficient for its users, regardless of their expertise in cryptocurrency trading. The platform continuously enhances its features to ensure traders have access to the necessary tools for making informed decisions.
By keeping pace with the latest trends and preferences in the cryptocurrency market, Coinhako ensures that its trading experience aligns with user expectations and the wider range of services that people seek today.
Coinhako Fees
Coinhako implements a fee structure designed to balance accessibility with sustainability. The platform fees are structured in a way that accommodates both occasional and active traders.
Without focusing on specific numbers, it’s notable that the exchange maintains decent fee rates compared to industry standards, considering the range of services provided.
To maintain a balance between providing value and ensuring operational viability, Coinhako’s platform fees have been carefully considered to appeal to a wide range of users. Whether it’s someone making their first bitcoin transfer or a seasoned trader looking for a decent rate on a large coin transfer, Coinhako aims to accommodate these needs.
The fee strategy is a crucial aspect that enables the exchange to offer a curated list of services while remaining a key player in the competitive blockchain landscape.
| Type | Fee |
|---|---|
| Deposit Fee (Bank Transfer) | 0% |
| Deposit Fee (Credit/Debit Card) | 0% |
| Trading Fee | 0.60% |
| Withdrawal Fee (Bank Transfer) | $2 SGD |
Coinhako supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, they don't charge anything above the standard Bitcoin network fee. Across all the crypto exchanges we've reviewed, the average Bitcoin transaction fee charged is 0.000461 BTC compared to the actual network fee of 0.000207 BTC. This means you are saving 55.18% on Bitcoin transactions by using Coinhako instead of other exchanges.
Security - Is Coinhako Safe?
Security is a paramount concern for any crypto exchange, and Coinhako demonstrates a commitment to this critical aspect. The exchange employs numerous security features, including cold storage for assets, to guard against fraudulent transactions.
Coinhako’s compliance with regional blockchain and financial sector regulations underscores its dedication to maintaining a secure environment for its users.
Coinhako’s degree of security has been a cornerstone of its service, ensuring peace of mind for its users. The exchange’s commitment to security is evident in its sophisticated measures, such as implementing cold storage solutions, which provide a robust defence against fraudulent transactions.
Coinhako has also established stringent compliance standards that adhere to the financial sector’s regulatory requirements, reflecting the platform’s dedication to upholding the integrity and security of its users’ assets.
Coinhako Customer Support
Customer support is a crucial touchstone for any service-oriented platform, and Coinhako is no exception. The exchange prides itself on a dedicated customer service team poised to assist users with any queries or issues.
The commitment to maintaining open and effective communication with customers is evident in Coinhako’s customer support efforts.
The customer service team at Coinhako is a reflection of the company’s culture, where user satisfaction is a top priority. The support structure is built to address the varied needs of its diverse customer base, from resolving a simple query about an email confirmation to more complex issues such as dealing with coin transfers.
Coinhako users can expect a responsive and helpful customer service team, committed to fostering positive interactions and maintaining a high standard of support.
Coinhako Support Channels
How to Sign Up on Coinhako
- Create Account - Visit the Coinhako website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
- Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
- Transferring Funds - Once your account has been verified, you can deposit using the deposit methods listed below, including some options through third party apps.
- Start Trading Crypto - That's it! You should now have everything in place to start trading.
Deposit Methods
Coinhako Alternatives
Binance
Total Supported Cryptocurrencies
386+
Trading Fees
0.10%
Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others
Kraken
Total Supported Cryptocurrencies
244+
Trading Fees
0.08% - 0.40%
Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other
OKX
Total Supported Cryptocurrencies
320+
Trading Fees
0.08% - 0.10%
Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others
Final Thoughts
As we’ve explored Coinhako, it’s clear that the exchange provides a robust service to its user base. With a decent selection of crypto assets and a user-centric approach, Coinhako stands as a competitive player in the market.
The exchange continues to evolve, potentially shaping the future of cryptocurrency trading for its customers.
Coinhako FAQs
Coinhako is a Singapore-based cryptocurrency exchange service that was founded by Yusho Liu and Gerry Eng. The ownership of the platform may include its founders and potentially private investors or entities that have invested in the company since its inception.
Yes, users can withdraw fiat currencies as well as cryptocurrencies from their Coinhako accounts. The platform provides a way to withdraw to your linked bank account or to an external wallet address, depending on the type of currency you are withdrawing.
Coinhako has experienced security incidents in the past. Like many platforms in the crypto space, it is not immune to the threat of hacking.
In February 2020, Coinhako faced a security breach, but the company took immediate action to address the issue, including temporarily disabling the send function, to protect users’ funds.
The time it takes to withdraw money from Coinhako can vary depending on several factors including the type of withdrawal and the bank’s processing times. Fiat withdrawals may take a few business days, whereas cryptocurrency transfers might be completed more quickly, depending on network congestion and the cryptocurrency in question.
Coinhako serves as both a cryptocurrency exchange and a digital wallet. It allows users to buy, sell, and store various cryptocurrencies on its platform.
Coinhako is recognized as a major payment institution by the Monetary Authority of Singapore (MAS). It operates in compliance with the regulatory standards set forth for digital payment token services in Singapore.
Coinhako User Reviews
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Methodology
At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.
About The Authors
James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.
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