tokenpockettokenpocket官网|coinegg骗局揭秘
tokenpockettokenpocket官网|coinegg骗局揭秘
作者： tokenpockettokenpocket官网
2024-03-14 13:26:45
天眼曝光|从coinegg牵出一连串前身？都有谁？ - 知乎
天眼曝光|从coinegg牵出一连串前身？都有谁？ - 知乎首发于区块天眼曝光栏切换模式写文章登录/注册天眼曝光|从coinegg牵出一连串前身？都有谁？知乎用户afkRU2天眼曝光|从coinegg牵出一连串前身？都有谁？对于数字货币投资者来说，资金安全肯定是第一位的。但你可能无法想象，你的资产在每次的迁移过程中，面对的是怎样的风险，交易所看似是为你留了一条后路，其实你就是他们唯一一只“待宰的羔羊”。如果一个交易所连安全都谈不上的话，无论是盈利还是涨跌没有一点意义，因为你的资产全掌握在幕后操盘手手中。CoinEgg自称是知名的专业区块链资产交易平台，致力于为全球用户提供安全、便捷、高效、优质的服务。目前从区块天眼APP查询可见，该交易所评分只有3分，显示暂无监管的状态，注册地在英国，成立于2018年5月。 通过搜索相关的资料，可以查到CoinEgg币蛋的前身其实是”聚币网“，而“聚币网”的前身是”宝币网“，”宝币网“的前身是”比特币交易所网 BTCTrade“。不难发现，这一连串的前身都是交易所割完韭菜之后，需要接盘侠了，然后就开始诱导用户把币一键转入了币蛋，也就是上图公告中所谓的”资产迁移“，相信之前入了”聚币网“的坑的朋友都知道，该交易所对于盈利用户是直接封账号的。而今天先要扯一扯这个CoinEgg币蛋和聚币网的事情，原因正是最近有用户在区块天眼平台曝光了CoinEgg币蛋交易所，无法提币和交易的情况。前几年，聚币作为一个明星交易所算是叱咤风云，横扫整个币圈，在很多老韭菜的心目中，是和火币ok齐名的牛B交易所。然而曾经有多风光，现在就有多遭人嫌。后来因为聚币割韭菜事件，轰动一时，导致该交易所就彻底成为了历史，当时是有玩家在聚币交易所交易赚了11665U，完全属于正常交易盈利，谁知却被平台强硬判断为非法交易，不仅封禁了投资者账户，还被要求回滚处理盈利，除此之外并没有第二选择。然而，就在用户扬言要曝光事件后，客服人员立马就转变了原本的强硬态度，声称可以和领导商量，重新谨慎讨论一下处理结果。随后，客服表示愿意以价值5000人民币的糖果作为补偿！想当然地认为可以用所谓的平台糖果，就换取投资者真金白银的盈利，这不显然把投资者当作韭菜割嘛！后来CoinEgg币蛋为了收割聚币老用户，只好发公告称：可以选择迁移资产，也就是从聚币转入币蛋的资产只能用 USC 不能用 USDT，也就是说需要场外才能提出。后来场外关停，又变成 coinfix，一来一回投资者被玩的团团转。这背后的套路估计明眼人都能看出来了，无非就是通过资产迁移进行下一步收割。现在CoinEgg币蛋已经出现无法提币和无法交易的情况了。下一步很显然公告已经出来了，让CoinEgg币蛋的用户进行资产转移，就看下一个接盘侠是哪一个交易所了，可以让我们拭目以待。发布于 2021-04-22 17:17赞同添加评论分享喜欢收藏申请转载文章被以下专栏收录区块天眼曝光栏曝光区块链行业骗子恶行，让骗子无处
CoinEgg Scam Campaign Steals Victims’ Cryptocurrency and Data | Threat Intelligence | CloudSEK
Egg Scam Campaign Steals Victims’ Cryptocurrency and Data | Threat Intelligence | CloudSEKHome
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Adversary IntelligenceCoinEgg Scam Campaign Steals Victims’ Cryptocurrency and DataCloudSEK researchers’ investigation discovered that the CoinEgg Scam/cryptocurrency scam was conducted by threat actors. We discovered an on-going malicious scheme involving multiple payment gateway domains and Android-based applications, used to lure unsuspecting individuals into a mass gambling scam.Updated onApril 19, 2023Published onJune 14, 2022Read MINUTES5Subscribe to the latest industry news, threats and resources.Table of ContentsThis is also a headingThis is a heading
Category:
Adversary Intelligence
Industry:
Cryptocurrency
Type of Threat:
Phishing/Fake Domain
Source*:
CoinEgg
Executive Summary
CloudSEK’s Threat Analyst team has discovered an ongoing malicious scheme involving multiple payment gateway domains and Android-based applications, used to lure unsuspecting individuals into a mass gambling scam.
During the course of the investigation, CloudSEK researchers identified multiple fake domains using the keyword “CoinEgg” and targeting the users of the legitimate cryptocurrency trading platform (https://www.coinegg.com).
The investigation also found that once a fake domain is taken down, the threat group communicates the same with unsuspecting victims via email and provides alternate domains to access the crypto exchange.
CoinEgg is a large cryptocurrency exchange based in the UK, offering trading services for digital cryptocurrency assets.
[caption id="attachment_19548" align="alignnone" width="948"] Fake CoinEgg domains that show up on Google Search[/caption]
Analysis and Attribution
How the CoinEgg Scam Works
CloudSEK researchers’ investigation discovered that the CoinEgg cryptocurrency scam was conducted by threat actors in multiple phases. They’re masquerading as the legitimate CoinEgg crypto trading platform by replicating the dashboard and user interface of the official website, on fake domains of CoinEgg VIP.
In the first phase of the scam, CoinEgg users are deceived into depositing an amount to the fake wallet, to invest it in a listed cryptocurrency. After which, threat actors freeze the amount in the CoinEgg VIP wallet and prohibit users from retrieving it.
Multiple fake phishing applications are also being propagated on the web, claiming to be CoinEgg. Generally, these applications, on installation, require unwanted permissions and are reported as malicious on various platforms.
Threat actors have created several fake CoinEgg domains so far so that taking down any of these domains does not affect their malicious campaign.
When the threat actors switch domains, they use email and Telegram to communicate the same to users, so that the large-scale scam goes undetected.
Information from the Post
In the process of scamming unsuspecting users, the operators behind CoinEgg VIP implements the following conditions:
Customers have to pay 22% of their earnings/ deposits as “tax”, before they can reclaim their funds.
Imposition of “deposit”, if account earnings cross USD 250,000.
Permanent freeze of assets, if the conditions mentioned above are not fulfilled.
Aggrieved by these conditions, customers of CoinEgg VIP have raised concerns about the operations of the shady cryptocurrency trading website, on multiple platforms. Furthermore, suspicious investigation agencies are also piggybacking on these accusations, promising to help victims of the scam, to reclaim their frozen assets. In the pretense of an investigation, victims are asked to provide asset information and ID card photos, through email communication.
[caption id="attachment_19549" align="alignnone" width="1596"] Mail from suspicious investigation agency dubbed “Global Anti-Fraud Center”[/caption][caption id="attachment_19550" align="alignnone" width="1728"] The homepage of the website https://www[.]ceggcc[.]vip[/caption]
Information from OSINT
From a generic Google search of the keyword “CoinEgg” with the top-level domain (TLD) ‘vip’, CloudSEK researchers discovered various websites that were most likely being used by the scammers.
List of Suspicious Domains from OSINT
CloudSEK researchers discovered the following list of fake CoinEgg domains and their details:
Domain Name
Registry Date
Registrar
https[:]//coinegg[.]fun
24/09/2019
GoDaddy
https[:]//coinegg[.]club
26/09/2021
HiChina
https[:]//m[.]ceggca[.]vip
03/03/2022
GoDaddy France
https[:]//m[.]ceggccxs[.]vip
03/03/2022
GoDaddy Australia
https[:]//www[.]ceggi[.]vip
22/01/2022
NameCheap
https[:]//coinegg[.]vip
14/03/2019
GoDaddy US
[caption id="attachment_19551" align="alignnone" width="948"] Google results displaying “CoinEgg VIP” as a scam[/caption]
CloudSEK researchers observed the following details on the coinegg.vip domain’s page source:
The website mentions “CoinEgg” on the index page.
It uses a fake logo of CoinEgg to scam the users.
They also have a customer service chatbot that redirects users to the domain v[.]chatabc[.]xyz
[caption id="attachment_19552" align="alignnone" width="830"] Chatbot for customer service[/caption]
However, this domain was later taken down and a new CoinEgg VIP domain was used to conduct the scam: https[:]//m[.]ceggccxs[.]vip/
[caption id="attachment_19553" align="alignnone" width="1365"] Image of alternate domain details provided[/caption]
In the image provided above, threat actors are announcing a system maintenance, and have provided the users with two alternate domains to access CoinEgg VIP:
Domain
IP Address
Registrar
https[:]//m[.]ceggca[.]vip
108.156.107.108
GoDaddy France
https[:]//m[.]ceggccxs[.]vip
108.156.91.107
GoDaddy Australia
Both these domains have been registered on GoDaddy on 3 March 2022, and are part of the threat actor’s tactics to register multiple backup domains in the event of a takedown.
The threat group has created these new domains with a similar user interface as the previous ones.
[caption id="attachment_19554" align="aligncenter" width="1332"] Interface of the new domain[/caption][caption id="attachment_19555" align="aligncenter" width="1075"] Registration on the new domain[/caption]
Information from Security Vendors Including BeVigil
CloudSEK’s Threat Research team discovered an APK (Android Package) for CoinEgg with the option to download.
[caption id="attachment_19556" align="aligncenter" width="1367"] CoinEgg APK[/caption]
Once the download is completed, the following message pops up.
[caption id="attachment_19557" align="alignnone" width="1368"] URL to share among friends[/caption]
Security vendors have tagged the URL as malicious and it is flagged as a phishing site by VirusTotal.
[caption id="attachment_19558" align="alignnone" width="972"] Fake URL flagged as malicious[/caption]
Multiple trojans like Antiy-AVL, ESET-NOD32, Fortinet, Ikarus, Jiangmin, etc. were also detected in the malicious application. (Please refer to the Appendix)
CloudSEK’s BeVigil security search engine detected that the application required various permissions listed as dangerous including write settings, system alert window, request install packages, location access and process outgoing calls.
[caption id="attachment_19559" align="aligncenter" width="1408"] The application’s dangerous permission requirements[/caption]
Another application was also discovered through the domain coinegg[.]club, which had similar malicious permissions enabled.
[caption id="attachment_19560" align="aligncenter" width="1402"] CoinEgg.club requiring dangerous permissions[/caption]
Reach and Financial Impact of the CoinEgg Scam
CloudSEK researchers found that the CoinEgg VIP group utilizes an active and verified Telegram channel to communicate with its investors and that they have close to 2K subscribers.
A user has also claimed to have lost INR 50 lakhs to this cryptocurrency scam, including additional costs such as the deposit amount, tax, etc.
The loss of users to the CoinEgg VIP scam is estimated at INR 10 billion. (Clarification: Through our fake domain monitor and fake app monitor, we observed various similar instances around the world where fake domains and fake apps were used to mimic several legitimate crypto exchanges including CoinEgg. The estimated losses mentioned (INR 10 Billion) is an estimate of the worldwide figure.)
Impact & Mitigation of CoinEgg Scam
Impact
Mitigation
Multiple fake phishing applications are being propagated on the web, which could result in temporary, and possibly permanent, loss of data.
Victims are asked to provide asset information and ID card photos, which contains PII. Such data can be used, in tandem with social engineering or identity theft.
The data shared could also be used to gain initial access to the user’s crypto wallet.
Financial loss associated with freezing crypto wallets.
Fake CoinEgg applications, on installation, require unwanted permissions and are reported to be malicious. It would equip malicious actors with details required to launch sophisticated ransomware attacks.
Identifying phishing websites and subsequently suspending them is the quickest way to mitigate the threat of such scams.
Make use of cybersecurity solutions like CloudSEK’s XVigil to continuously scan for more fake websites that pop up on the internet.
Report the phishing campaign to the Cyber Crime Cell and provide them with the necessary details to curb the continuous attempts of threat actors.
Run aggressive awareness campaigns to educate users/ customers about ongoing scams. This will lead to fewer people falling for these scams.
References
*https://en.wikipedia.org/wiki/Intelligence_source_and_information_reliability
#https://en.wikipedia.org/wiki/Traffic_Light_Protocol
Appendix
[caption id="attachment_19561" align="aligncenter" width="971"] Domain details of ceggca.vip[/caption][caption id="attachment_19562" align="aligncenter" width="1105"] Domain details of ceggccxs.vip[/caption][caption id="attachment_19563" align="aligncenter" width="792"] Domain details of coinegg.fun[/caption][caption id="attachment_19564" align="alignnone" width="862"] Domain details of coinegg.club[/caption][caption id="attachment_19565" align="aligncenter" width="1229"] Users calling ceggi.vip a scam platform[/caption][caption id="attachment_19566" align="aligncenter" width="1132"] Reddit forum posts about avoiding CoinEgg VIP[/caption][caption id="attachment_19567" align="aligncenter" width="1061"] Trojans detected in the fake application[/caption][caption id="attachment_19568" align="aligncenter" width="1165"] Screenshot of fake CoinEgg m(.)ceggccxs(.)vip page[/caption]Table of ContentsThis is also a headingThis is a headingRecent PostsRecent ArticlesCritical CSRF Vulnerability in IBM CICS TX - CVE-2023-42027 Demands Immediate ActionNovember 15, 2023CVE-2023-43792 baserCMS is a website development framework vulnerable to Code Injection attacksNovember 6, 2023Get Global Threat Intelligence on Real TimeProtect your business from cyber threats with real-time global threat intelligence data.. 30-day free and No Commitment Trial.Schedule a Demo
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CoinEgg Reviews | Read Customer Service Reviews of coinegg.com
Egg Reviews | Read Customer Service Reviews of coinegg.comCategoriesBlogLog inFor businessesFor businessesLog inCategoriesBlogOverviewReviewsAboutWhat you should know about high-risk investmentsRead moreBe careful when considering high-risk investments like cryptoassets & cryptocurrencies (e.g. bitcoin). Their value can go up and down significantly, without any warning. You should only invest money you can afford to lose.We recommend researching a wide range of sources before using these services.CoinEgg Reviews 16 • Poor1.8coinegg.comVisit this websitecoinegg.comWrite a reviewCompany activitySee allUnclaimed profileNo history of asking for reviewsPeople review on their own initiativeWrite a reviewReviews1.816 total5-star0%4-star0%3-star0%2-star6%1-star94%FilterSort:Most relevantSBSTEPHEN BROWN4 reviewsGB5 days agoIf only you could leave 0 Star ReviewIf only you could leave 0 Star ReviewI lost approx £18,000, yes that’s 18k of Dogecoin just vanished out of my account and then the following day another coin that I held worth approx £300 vanished!!⚠️DO NOT INVEST WITH COINEGG⚠️Date of experience: March 31, 2023Catherin Hemon4 reviewsUSJan 2, 2024Westinghousef.comQuite a horrible set of individuals who will lure you with an investment but proceed to fleece you of your hard-earned money. Much appreciation and thanks to the subject for helping me get back my funds.Date of experience: March 03, 2023MHMonica Herb1 reviewUYJul 23, 2023- Thus far my experience with them has been negative. I allegedly earned reasonable profits but withdrawing said profits were impossible and the company wanted more money deposited in order to release the funds I invested and earned. I decided to get help so i searched for a firm that could get me out of the condition i found myself. They helped me get all my funds back.Date of experience: May 24, 2023JAJason 3 reviewsGBJul 29, 2021Potential ScamI invested in Crypto about 3 years ago on this platform. I left the funds there for 3 different tokens. I now wanted to transfer them but after going through the verification process again my account is zero. I've contacted them over the last 4 months and each time they say there's been an upgrade to the platform and my funds/assets have not been migrated and that I need to be patient. 4 Months!! I'm not patient anymore.Date of experience: July 29, 2021PAPat1 reviewCAFeb 1, 2019Coinegg BewareLost my coins from my account as someone transferred out and wasn't me. They could not tell me who or any id number. Later they gave me a txid that didn't exist as verified by a good exchange. They then would not return emails. Lots of bad stories..Date of experience: February 01, 2019NINick1 reviewUSMar 12, 2023I was trying to withdraw 2000usdtI was trying to withdraw 2000usdt. The platform says my account is locked because I had a friend add funds to my account and they wanted me to deposit 2500 usdt to unlock my a count. And the friend that added to my account is the one that introduced me to the platform. I think she was in on it. I feel so bad I fell for this. I found this review site after the fact though.Date of experience: March 07, 2023Chris Holand3 reviewsFRSep 25, 2018They refuse to send me my $40 worth of…They refuse to send me my $40 worth of Bitcoin. Do not trust them. They just hide behind "Tips on the coin page" which A) has not been said when creating the account, B) is not shown in English, only in Chinese and C) is probably against the law anyway. DO NOT DO BUSINESS with these fraudsters !!!Date of experience: September 25, 2018BNBilly Nyks1 reviewPHOct 25, 2021Problematic exchangeThey migrated from coinegg.biz to coinegg.fun without any notification. Because of that I had to go through the verification process again. During the period, funds were not accessible, and not showing in my account balance either, until after I contacted support. Eventually (days/weeks later) the account balance was showing again, and fortunately it was correct.However, the liquidity is now way lower than before and some assets can not be withdrawn (yet), which is very unfortunate since they are trading at significantly higher prices at a renowned and more liquid exchange. I would give them 1 star for poor communication3 stars for okay-ish customer service1 star for liquidity1 star for usefulness (since I can't deposit and withdraw certain token/coins)3 stars for the amount of tradeable pairs and3 stars for fees (transaction fees cheap, withdrawal fees high)1 star for very poor migration (slow, inefficient, lack of proper communication).My overall score 1.85So, not everything is super bad. But for 2021, and especially compared to other exchanges, that's simply not enough. Especially since exchanges for volatile markets need to be reliable and fast in all aspects, not only for the trading itself.Date of experience: October 25, 2021MEMex5 reviewsMYOct 4, 2019Turned into Real Scam Now!Hi,I have deposited 10 NEO weeks ago, it has still showing nothing in my account. I have talked to the live support like 5 times already, it is still nothing!! They also knew this problem already.What I am getting is still nothing, they even liked my tweet on their twitter, but still NOTHING in my account. It is really feel a scam at this point now. Since I can't do anything with it, it has already in their account.The tracker already showing deposit successfully there weeks ago!! But my account is still 0 and asked the support, the support keeps avoiding the problem now, without replying me.I know the alt coins dropping hard since, but never thought in my life, they would scam me for a mere 10 NEO, I am still in shock!I am strongly suggesting them to contact me, if they ever seeing me posting this, I just hope you don't turn into a scam for mere 10 NEO.Date of experience: October 04, 2019FHFarh** H13 reviewsFIJul 2, 2019Never use this websiteNever use this website. You can send them money and when you want to withdraw they ask for authentication. They don't accept my driver's license and I don't have any other Id. Now my funds arr frozen. Their volume of trade is low as well.Date of experience: July 02, 2019Wayne Bailey2 reviewsUSJun 22, 2022Guitarman621I was a small time investor in Coinegg. I started with 300.00 and built it up to a little over 700.00. I was gonna invest another thousand but decided I’d better make sure how the withdrawal works. That’s when the problem started. I only tried to withdraw 300 but they told me I needed to put in my withdrawel password. I had no idea what they were talking about. I never set one up. When I told the customer service guy that, he said if I forgot it I could set a new one. But I had to put in a 3,000 deposit in order to set a withdrawal password. I told him that was not in the rules that I read when I signed up. After a couple of weeks of trying to reason with them they now have my account disabled and will not respond to my messages I leave. Seems like a pathetic company to me.Date of experience: June 22, 2022JAJohn Andrews4 reviewsGBApr 12, 2021ScamScam. You cannot sell crypto at the full market value or withdraw your coins to sell on another platform.Date of experience: April 12, 2021APAndrew Prince1 reviewUSMay 30, 2022Coinegg is a ScamThese guys stopped responding to me and will not allow me to withdrawal any money. DO NOT SEND YOUR MONEY HERE IF YOU DO IT WILL BE GONE.Date of experience: May 30, 2022SHshariful hado7 reviewsUSJul 21, 2020I needed badly some btc to invest at…I needed badly some btc to invest at WolfOfCoinStreet.com and used CoinEgg to purchase it. The process was slow, I'm not so happy about that, but in the end I got my btc.Date of experience: July 21, 2020Marc Brands1 reviewPROct 17, 2019Sent BTS, never showed, no responseSent BTS weeks ago. Never showed up. Initiated multiple support tickets. Never responded.Date of experience: October 17, 2019RKRonald Kalloo1 reviewUSJan 28, 2022Hi to all beware of coineggHi to all beware of coineggThis is my first time operating on coinegg platform everything looks fine and perfect while operating I invested over $30,000, so I was short of funds, I just tried to make a small portion of withdrawal of $5000, then I asked to be contacted customer service, customer service told me to deposit $3000 more and it will be refunded back to my account so by doing so I’ll let customer service know that the money was deposited, after depositing it now I have $8000 supposedly coming back to me, customer service now told me that I need to deposit $8000 to prove that I have the ability to pay my taxes towards my assets, this doesn’t look good and doesn’t sound good at all to me, so anyway I decided to deposit $8000 to show that I have the ability to pay my taxes towards my assets after submitting that two point egg and let customer service know that I deposited the $8000, only to hear the bad news that I needed the deposit 15,000 to cover my funds so when will this end and that’s where I stop. So everyone for your own good please do not do what I did customer service was never respond to the question that you have asked her why this is happening.PS my account was frozen I do not have access to my investmentDate of experience: January 28, 2022Previous1Next pageIs this your company?Claim your profile to access Trustpilot’s free business tools and connect with customers.Get free accountCompany activitySee allUnclaimed profileNo history of asking for reviewsPeople review on their own initiativeIs this your company?Claim your profile to access Trustpilot’s free business tools and connect with customers.Get free accountAbout CoinEggInformation provided by various external sourcesCoinEgg - Professional Block-chain Assets Trading Platform. Find us on Telegram: https://t.co/AR1EhrCQ4mThe Trustpilot ExperienceWe're open to allAnyone can write a Trustpilot review. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.We champion verified reviewsCompanies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.We fight fake reviewsWe use dedicated people and clever technology to safeguard our platform. Find out how we combat fake reviews.We encourage constructive feedbackHere are 8 tips for writing great reviews.We verify companies and reviewersVerification can help ensure real people write reviews about real companies.We advocate against biasIt goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation.Take a closer lookare you human?Choose countryUnited StatesDanmarkÖsterreichSchweizDeutschlandAustraliaCanadaUnited KingdomIrelandNew ZealandUnited StatesEspañaSuomiBelgiqueBelgiëFranceItalia日本NorgeNederlandPolskaBrasilPortugalSverigeAboutAbout usJobsContactBlogHow Trustpilot worksPressInvestor RelationsCommunityTrust in reviewsHelp CenterLog inSign upChrome AppBusinessesTrustpilot BusinessProductsPlans & PricingBusiness LoginBlog for BusinessFollow us onLegalPrivacy PolicyTerms & ConditionsGuidelines for ReviewersSystem statusModern Slavery Statement© 2024 Trustpilot, Inc. All rights reservJust a moment...
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CoinEgg Review 2024 : Is It a Safe Cryptocurrency Exchange?
David Cox
Last Updated: January 22, 2024
Quick OverviewWhat Is CoinEgg?FeaturesPros and ConsSign Up ProcessFeesDeposit and Withdrawal MethodsAccepted Payment MethodSupported Countries & CryptocurrenciesCoinEgg Trading PlatformSecurity & PrivacyCustomer SupportConclusionFAQs
A cryptocurrency exchange allows traders to trade their preferred cryptocurrencies on the platform. There are hundreds of such platforms, and each claims to be the best one. However, it is the traders who can only decide whether a particular platform will meet their preferences or not; there are a lot of factors that are required to be considered to deem a helpful exchange or not. This CoinEgg review has all those essential points that should be considered before selecting a cryptocurrency exchange.
CoinEgg Summary
Official Website
https://www.coinegg.fun/
Headquarters
United Kingdom
Found in
2017
Native Token
Yes
Listed Cryptocurrency
40+
Trading Pairs
60+
Supported Fiat Currencies
No
Supported Countries
100+
Minimum Deposit
N/A
Deposit Fees
Free
Transaction Fees
Maker:- 0.2%, Taker:- 0.2%
Withdrawal Fees
Depends on the currency
Application
Yes
Customer Support
24/7 via Mail, Live Chat, Help Center, & Submit Request Form
Sign Up Now
Quick Overview of CoinEgg
The United Kingdom-based cryptocurrency exchange.
It supports over 40 cryptocurrencies and rare tokens that are not listed elsewhere.
Accepts only cryptocurrency deposits.
It does not prohibit US investors from executing an answer trade on the platform.
What Is CoinEgg?
CoinEgg is a United Kingdom-based (Birmingham) cryptocurrency exchange founded in 2017 by a renowned Ph. D scholar from the University of Surrey and an expert in AI (artificial intelligence) Dr. Peter Chan. While there is no mention of the list of products and services offered by the exchange on its website, CoinEgg does provide an extensive list of trading options against two of the most significant market players, namely, Bitcoin and Ethereum. It is a relatively new cryptocurrency exchange that has well established itself in the crypto market. According to a CoinEgg review, the platform supports more than 40 famous and rare crypto coins and many ICO tokens. Also, these rare coins can be easily traded against the leading crypto coins like Bitcoin and Ethereum. The platform emphasizes more digital assets than fiat currencies.
On the very first look, the CoinEgg exchange might appear to be very unfriendly and complicated to the new traders. Still, professional eyes would understand why this cryptocurrency exchange is so different from its competitors. The trading view of CoinEgg displays a series of lists, graphs, and figures that allows professional traders to do further technical analysis of the cryptocurrency market.
Sign Up Now
How Does CoinEgg Work?
The CoinEgg exchange matches the buyers and sellers on its platform and arranges a trade between them against a small trading fee.
Features of CoinEgg
Some of the exciting features offered by CoinEgg are as follows:-
Proprietary Trading Platform
Like top cryptocurrency exchange, CoinEgg also has its own proprietary crypto trading platform. The platform is intelligently designed but is not the user-friendly that the new traders look for. Most importantly, the platform displays only some of the basic charts, and also, the charting tools are minimal and thus sometimes not recommended for professional traders. The supported crypto assets are displayed on the left of the platform in a straightforward format, while the order book and the order history appear immediately below the chart. Though the layout is well organized, it lacks some advanced features compared to other trading platforms. The order book features only the simple market orders; limit orders or stop losses orders are absent.
Multiple Assets
CoinEgg supports an extensive list of cryptocurrency assets, including the most popular ones and some of the rare projects. Currently, the platform supports more than 40 tradeable pairs, including bitcoin, Litecoin, Ethereum, and CoinEgg’s native token USC. Bitcoin and the native USC token provide the most tradable assets, while Ethereum can only be exchanged with five cryptocurrencies. However, CoinEgg does not support any tradeable fiat currency pairs as of now.
Liquidity
CoinEgg is one of few exchanges that provides the best liquidity in the world. As of July 5, 2019, the 24-hour trading volume of CoinEgg stood somewhere around USD 1.53 billion. Only two exchanges, Binance and OKEx, provide such a high 24-hour trading volume daily. However, the margin trading volume of CoinEgg had dropped substantially due to the COVID pandemic. It stood at USD 98.4 million as of March 23, 2020, thus placing the exchange on 74th rank on the 24-hour trading volume list published by Coinmarketcap.
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CoinEgg Review: Pros and Cons
Pros
Cons
Easy to navigate.
Not regulated.
Competitive and low fee structure.
Low liquidity for some digital currencies.
Provides an extensive list of cryptocurrencies along with some exotic coins.
Limited charting tools.
Does not prohibit US investors.
Limited channels to connect to the customer service team.
Does not support fiat currencies.
CoinEgg Account Opening Process
Trading on CoinEgg is relatively easy. All that the users need to do is open an account on the exchange. The account opening process can be done with the following steps:-
Sign Up Process
Users need to visit the official website of CoinEgg and click on the Sign-Up button on the right-hand corner of the page. A registration form will open where users need to fill up the fields like country, email, and two passwords, one for logging into the account and another for executing the trade. After that, the user needs to click on the “Next” button to proceed to the next page.
Activate CoinEgg Account
The CoinEgg team will send an activation mail into the registered email id of the users, answer, and the users need to click on that link in their email to confirm and activate their CoinEgg account.
Set Up Security Questions
After account activation, CoinEgg asks users to select their preferred security questions, answer them accordingly, and then click on the “Submit” button.
Deposit Funds
Now it is time to deposit the required funds by clicking on the Balance Box just below the account details and click on the “Deposit” tab. Users can select their preferred cryptocurrencies from the drop-down box. Users also need to copy the wallet address correctly, wherein they will deposit the funds and start buying cryptocurrencies.
Sign Up Now
CoinEgg Fees
Trading fees charged by various cryptocurrency exchanges serve as an essential parameter to distinguish these platforms from one another. According to the different CoinEgg reviews, the platform fee structure appears to be very competitive. Moreover, CoinEgg is very transparent with its fees design and lists all the associated cryptocurrency trading and withdrawal fees on its website and its order book.
The trading fees are only 0.1% per trade, much lower than the industry average of around 0.25%. As for the deposit fees, no fee is charged from users for making deposits on the CoinEgg exchange platform. For withdrawals, fees can spike as high as 1% and are sometimes set at 0.001 BTC for Bitcoin, 0.01 ETH for Ethereum, and 0.001 LTC for Litecoin. But still, the withdrawal fee is relatively low as compared to the global industry average.
CoinEgg Deposit and Withdrawal Methods
CoinEgg only accepts cryptocurrency deposits and no other mode of deposits. Thus, it becomes difficult for new traders to execute the trade on this platform because they have not encountered cryptocurrencies before and therefore do not hold any crypto assets in their wallets. In that case, new traders will first have to buy cryptocurrencies from other exchanges, and then they can deposit them at CoinEgg. Choose the best crypto wallets for storing your cryptocurrencies.
CoinEgg Accepted Payment Method
CoinEgg only accepts cryptocurrencies and no other payment methods. As such, the platform focuses more on crypto assets rather than anything else.
CoinEgg Supported Countries & Cryptocurrencies
CoinEgg is a web-based platform and thus allows traders from all over the world to execute its platform. Though the CoinEgg exchange does not delist US investors by prohibiting them from trading, US investors should be aware of any existing laws and do their independent research of any issues arising from their citizenship. CoinEgg supports all leading cryptocurrencies like bitcoin, Litecoin, Ethereum, etc., along with its native crypto coin USC and some exotic coins and ICO tokens. MKR and DAI will soon be listed on the CoinEgg website.
CoinEgg Trading Platform
CoinEgg hosts a proprietary web-based crypto trading platform that is designed to meet the preferences of both novices and professional traders. However, according to some CoinEgg reviews, the platform lacks advanced features and charting tools that modern-day traders look for. The platform does not provide limit orders or stop-loss orders which is a severe drawback that the exchange should add more credibility to the platform.
CoinEgg Trading Tools
Traders registered on the CoinEgg exchange are provided with some helpful charting and trading tools, such as Candlestick Charts, Trading APIs, and a Market Depth Chart. All these trading tools help the traders to experience a seamless trading process.
Sign Up Now
CoinEgg Mobile App
CoinEgg offers a robust mobile application that is compatible with both iPhones and Android smartphones. Therefore, users who prefer to trade on the go can try the mobile version, which offers the same functionalities as the desktop version.
Sign Up Now
CoinEgg Security & Privacy
According to the various CoinEgg reviews, the security protocol of the exchange appears to be relatively good. However, the fact that the exchange is not regulated sometimes raises eyebrows. Therefore, the traders must check various factors regarding an exchange’s security before trading on them. CoinEgg claims to employ top-level security mechanisms, but there is no information available on their website. This is perhaps because the team does not want to disclose their security mechanisms as then it would mean letting the hackers find out the loopholes, if any. As for the fairness of the exchange, CoinEgg does not discriminate against its users, and there is only one account type that traders can choose.
A CoinEgg review reveals that the platform employs two sets of passwords, one for entering the site, another during trading. Besides this, the platform also uses a two-factor identification (optional) to protect clients’ assets. Though the exchange claims that it has never been hacked since its launch in 2013, it is never a wise idea to keep the digital assets in any cryptocurrency exchange, regardless of how secure it appears to be. Therefore, it is always advisable to install a paper wallet or other storage devices to keep the digital assets safe offline.
CoinEgg Customer Support
Traders can reach the customer support services staff via email or live chat option on their website 24/7. However, there have been complaints about the team not being very responsive in solving the customers’ issues or taking a little longer than other exchanges. However, a detailed FAQs section is available on the website’s support page, where most of the common issues have been discussed with ready solutions and it also has social media accounts which may be useful.
Sign Up Now
CoinEgg Review: Conclusion
The United Kingdom based exchange CoinEgg hosts some of the enticing features, and the most important one is its potential to offer rare cryptocurrencies to trade on its platform that is not available elsewhere. Apart from this, its low and completive fee structure attracts traders from all across the world. However, on the downside, it is not regulated under any regulatory authority and thus sometimes creates a doubt against the platform’s credibility. Otherwise, CoinEgg operates smoothly and provides all the essential features that a trader seeks.
FAQs
Is CoinEgg Safe?
There is no information available on the CoinEgg website as to the security measures employed by the exchange. However, the exchange has maintained its integrity since its launch, and it has never been hacked. Users can add the 2FA (2-factor authentication) to secure their account and set a strong password for withdrawals.
Where Is CoinEgg Located?
CoinEgg is headquartered at Hunstanton Avenue, B17 8TA, Birmingham, United Kingdom.
Is CoinEgg Exchange Regulated?
No, CoinEgg is not a regulated exchange.
How to Withdraw From the CoinEgg Exchange?
Users can withdraw money from CoinEgg by sending their cryptocurrencies to their wallet address.
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[WARNING] CoinEgg is a scam exchange!!!
EXCHANGE
Hi All,
I have registered an account to trade on CoinEgg.com exchange, I cannot verify my account even though I have used the correct personal documents, I have previously loaded a number of BTC into my wallet I can't withdraw money now.
I sought support from CoinEgg staff on Telegram and Twitter channels, however, it has been 1 day without any feedback from CoinEgg. Not only me, some others also have a similar situation, but have not received a reply from CoinEgg. I recommend that people should not deposit and trade on CoinEgg. It seems to be a scam exchange.
Thanks for reading!
CoinEgg Telegram
CoinEgg Twitter
Read more
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CoinEgg Review and Analysis: Is it safe or a scam? We've checked and verified!
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Official social media: CoinEgg Exchange Review Centralized CoinEgg Overview CoinEgg is an exchange of digital assets that was launched in 2017 in the United Kingdom. CoinEgg is a platform where digital assets are the main focus of trade rather than fiat currency. A CoinEgg review reveals that this company offers over 40 of the most popular and rare coins as well as ICO tokens. This massive offering of rare cryptocurrencies not only represents a competitive advantage of this exchange but also each of these altcoins can be easily traded against bitcoin and ethereum. The CoinEgg exchange platform can be used on all known operating systems. As it is a very new exchange, it has distinguished itself by offering a wide variety of coins. In other words, more than 42 pairs are offered at CoinEgg platform which includes not only the most popular digital assets but some exotic coins as well. Regarding fees, CoinEgg has maintained a competitive position in front of other exchanges. Market takers, as well as makers, are charged only 0.10% which is known to be below the industry average of 0.25%.Regarding security, CoinEg has not been hacked yet, maintaining its integrity. Nevertheless, users are recommended to be very careful and take their own initiative when it comes to security measures as the exchange is currently unregulated. Therefore, the responsibility lies on each user. Furthermore, a review also reveals that the website does not offer much information to support their claims that they use top-level security. CoinEgg Exchange Review, Trading Fees, Deposit and Markets 24h Trading Volume 6,626.96 BTC CoinEgg Total Trading Pairs N/A CoinEgg Margin Trading No CoinEgg Deposit Fees Free CoinEgg Trading Fees 0.1% CoinEgg Fiat Deposit No Accepted Payment Methods None CoinEgg Native Token Yes Native Token Smart Contract N/A CoinEgg Trading Markets CoinEgg Stablecoins Trading CoinEgg Withdrawals Daily Withdrawal Limit / CoinEgg Withdrawal Fees BTC - 0.001 BTC
BCH - 0.002 BCH
LTC - 0.001 LTC
Full list of fees can be found here CoinEgg Withdrawal Fees Discount N/A Proof of Reserves N/A CoinEgg Exchange Additional Information
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CoinEgg Scam: Indian Investors Have Lost as Much as Rs 1,000 Crore, Finds Study - News18
Egg Scam: Indian Investors Have Lost as Much as Rs 1,000 Crore, Finds Study - News18CHANGE LANGUAGEEnglish हिन्दी বাংলা मराठी ગુજરાતી ಕನ್ನಡ தமிழ் മലയാളം తెలుగు ਪੰਜਾਬੀ اردو অসমীয়া ଓଡ଼ିଆ WATCH LIVE TVDOWNLOAD News18 APPFollow Us OnTrending Topics :IPL 2024Lok Sabha ElectionsWPL 2024Pro Kabaddi HomeMoviesCricketIndiaShowshaPoliticsWorldViralBusinessOpinionEducationWeb StoriesVideosHomeMoviesCricketIndiaShowshaPoliticsWorldViralBusinessOpinionEducationWeb StoriesVideosPhotosExplainersTechAutoLifestyleHealthTravelFoodSportsMarketsTaxSavings and InvestmentsBreaking NewsCity NewsPower CircuitElectionsAstrologyViralBollywoodRegional CinemaTelevisionWeb SeriesStudio18LatestIPL 2024WPL 2024Reel Awards 2024Pro KabaddiElectionsLifestyleMovie ReviewsExplainersPhotosSportsTechAutoLatestIPL 2024WPL 2024Reel Awards 2024Pro KabaddiElectionsLifestyleMovie ReviewsExplainersPhotosSportsTechAutoNews »News » Tech » CoinEgg Scam: Indian Investors Have Lost as Much as Rs 1,000 Crore, Finds Study2-MIN READ CoinEgg Scam: Indian Investors Have Lost as Much as Rs 1,000 Crore, Finds StudyCurated By: Bhaswati Guha MajumderNews18.comLast Updated: June 22, 2022, 13:36 ISTNew DelhiAn investigation by India cybersecurity firm CloudSEK researchers revealed that threat actors were behind the “CoinEgg Scam” in which the team of researchers found a persistent harmful scheme. (Getty)A user has also claimed to have lost Rs 50 lakhs to the cryptocurrency scam, including additional costs such as the deposit amount, tax, etcFollow us:WhatsappFacebookTwitterTelegramGoogle NewsSeveral Indian investors are falling for high-profile scams related to cryptocurrencies and crypto-trading, a recently published study has found.An investigation by India cybersecurity firm CloudSEK researchers revealed that threat actors were behind the “CoinEgg Scam” in which the team of researchers found a persistent harmful scheme that involved several payment gateway sites, Android-based applications, used to entice unwary people into a widespread gambling scam.According to their findings, “The loss of users to the CoinEgg VIP scam is estimated at Rs 10 billion [Rs 1,000 crore]. A user has also claimed to have lost Rs 50 lakhs to this cryptocurrency scam, including additional costs such as the deposit amount, tax, etc.”CloudSEK’s Threat Analyst team said the threat actors established several fictitious domains with the keyword “CloudEgg” in them that looked like cryptocurrency trading sites. It is noteworthy that the original web address of CoinEgg is www[.]coinegg[.]com. This company is a UK-based cryptocurrency exchange that provides trading services for virtual currency assets. It was noticed that the dashboard and user interface of the sites are created to be exact replicas of the original website and the scam was conducted by threat actors in multiple phases. “In the first phase of the scam, CoinEgg users are deceived into depositing an amount to the fake wallet, to invest it in a listed cryptocurrency. After which, threat actors freeze the amount in the CoinEgg VIP wallet and prohibit users from retrieving it,” the report stated.Additionally, a number of phoney phishing programmes masquerading as CoinEgg are spreading online. These applications typically need unnecessary rights during installation and are flagged as malicious on different systems.According to CloudSEK’s BeVigil security search engine, these harmful rights include write settings, system alert window, request install packages, location access, and process outgoing calls.While explaining the modus operandi, the team noted that to avoid users noticing the massive scam, if a victim complains about their experiences on other platforms, in the seventh phase of the plan, the attacker contacts them using additional bogus identities and claims to be an investigator.Furthermore, the scammers email their victims to request private information like ID cards and bank account numbers in order to release the frozen assets. These details are then used to carry out additional activities.As per their findings, the scammers mention “CoinEgg” on the index page, use a fake logo of CoinEgg to gain the trust of victims and use a customer service chatbot that redirects users to the domain v[.]chatabc[.]xyz. They found two domains used by the scammers and it was said that both of them were registered on GoDaddy on March 3, 2022, as part of the strategy to set up several backup domains in the case of a takedown.However, CloudSEK is not the first or only company to point out a recent increase in cryptocurrency scams worldwide. Sean Ragan, a special agent with the Federal Bureau of Investigation (FBI), claimed last week in an interview with CNBC that LinkedIn users are being targeted by cryptocurrency scammers who constitute a serious threat to them.Read all the Latest News , Breaking News , watch Top Videos and Live TV here.About the AuthorBhaswati Guha MajumderBhaswati Guha Majumder, Senior Correspondent at News18, has been passionately covering stories related to technology, business (infrastructure), gover...Read MoreTags:cryptocurrencycryptocurrency scamfirst published:June 22, 2022, 13:36 ISTlast updated:June 22, 2022, 13:36 IST Latest NewsMore Latest NewsLIVE TVTRENDING VIDEOSLatest BlogsPhotogalle
Coinegg Review 2024 : Is It a Safe Cryptocurrency Exchange?
Coinegg Review 2024 : Is It a Safe Cryptocurrency Exchange?
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CoinEgg Review 2024 : Is It a Safe Cryptocurrency Exchange?
David Cox
Last Updated: January 22, 2024
Quick OverviewWhat Is CoinEgg?FeaturesPros and ConsSign Up ProcessFeesDeposit and Withdrawal MethodsAccepted Payment MethodSupported Countries & CryptocurrenciesCoinEgg Trading PlatformSecurity & PrivacyCustomer SupportConclusionFAQs
A cryptocurrency exchange allows traders to trade their preferred cryptocurrencies on the platform. There are hundreds of such platforms, and each claims to be the best one. However, it is the traders who can only decide whether a particular platform will meet their preferences or not; there are a lot of factors that are required to be considered to deem a helpful exchange or not. This CoinEgg review has all those essential points that should be considered before selecting a cryptocurrency exchange.
CoinEgg Summary
Official Website
https://www.coinegg.fun/
Headquarters
United Kingdom
Found in
2017
Native Token
Yes
Listed Cryptocurrency
40+
Trading Pairs
60+
Supported Fiat Currencies
No
Supported Countries
100+
Minimum Deposit
N/A
Deposit Fees
Free
Transaction Fees
Maker:- 0.2%, Taker:- 0.2%
Withdrawal Fees
Depends on the currency
Application
Yes
Customer Support
24/7 via Mail, Live Chat, Help Center, & Submit Request Form
Sign Up Now
Quick Overview of CoinEgg
The United Kingdom-based cryptocurrency exchange.
It supports over 40 cryptocurrencies and rare tokens that are not listed elsewhere.
Accepts only cryptocurrency deposits.
It does not prohibit US investors from executing an answer trade on the platform.
What Is CoinEgg?
CoinEgg is a United Kingdom-based (Birmingham) cryptocurrency exchange founded in 2017 by a renowned Ph. D scholar from the University of Surrey and an expert in AI (artificial intelligence) Dr. Peter Chan. While there is no mention of the list of products and services offered by the exchange on its website, CoinEgg does provide an extensive list of trading options against two of the most significant market players, namely, Bitcoin and Ethereum. It is a relatively new cryptocurrency exchange that has well established itself in the crypto market. According to a CoinEgg review, the platform supports more than 40 famous and rare crypto coins and many ICO tokens. Also, these rare coins can be easily traded against the leading crypto coins like Bitcoin and Ethereum. The platform emphasizes more digital assets than fiat currencies.
On the very first look, the CoinEgg exchange might appear to be very unfriendly and complicated to the new traders. Still, professional eyes would understand why this cryptocurrency exchange is so different from its competitors. The trading view of CoinEgg displays a series of lists, graphs, and figures that allows professional traders to do further technical analysis of the cryptocurrency market.
Sign Up Now
How Does CoinEgg Work?
The CoinEgg exchange matches the buyers and sellers on its platform and arranges a trade between them against a small trading fee.
Features of CoinEgg
Some of the exciting features offered by CoinEgg are as follows:-
Proprietary Trading Platform
Like top cryptocurrency exchange, CoinEgg also has its own proprietary crypto trading platform. The platform is intelligently designed but is not the user-friendly that the new traders look for. Most importantly, the platform displays only some of the basic charts, and also, the charting tools are minimal and thus sometimes not recommended for professional traders. The supported crypto assets are displayed on the left of the platform in a straightforward format, while the order book and the order history appear immediately below the chart. Though the layout is well organized, it lacks some advanced features compared to other trading platforms. The order book features only the simple market orders; limit orders or stop losses orders are absent.
Multiple Assets
CoinEgg supports an extensive list of cryptocurrency assets, including the most popular ones and some of the rare projects. Currently, the platform supports more than 40 tradeable pairs, including bitcoin, Litecoin, Ethereum, and CoinEgg’s native token USC. Bitcoin and the native USC token provide the most tradable assets, while Ethereum can only be exchanged with five cryptocurrencies. However, CoinEgg does not support any tradeable fiat currency pairs as of now.
Liquidity
CoinEgg is one of few exchanges that provides the best liquidity in the world. As of July 5, 2019, the 24-hour trading volume of CoinEgg stood somewhere around USD 1.53 billion. Only two exchanges, Binance and OKEx, provide such a high 24-hour trading volume daily. However, the margin trading volume of CoinEgg had dropped substantially due to the COVID pandemic. It stood at USD 98.4 million as of March 23, 2020, thus placing the exchange on 74th rank on the 24-hour trading volume list published by Coinmarketcap.
Sign Up Now
CoinEgg Review: Pros and Cons
Pros
Cons
Easy to navigate.
Not regulated.
Competitive and low fee structure.
Low liquidity for some digital currencies.
Provides an extensive list of cryptocurrencies along with some exotic coins.
Limited charting tools.
Does not prohibit US investors.
Limited channels to connect to the customer service team.
Does not support fiat currencies.
CoinEgg Account Opening Process
Trading on CoinEgg is relatively easy. All that the users need to do is open an account on the exchange. The account opening process can be done with the following steps:-
Sign Up Process
Users need to visit the official website of CoinEgg and click on the Sign-Up button on the right-hand corner of the page. A registration form will open where users need to fill up the fields like country, email, and two passwords, one for logging into the account and another for executing the trade. After that, the user needs to click on the “Next” button to proceed to the next page.
Activate CoinEgg Account
The CoinEgg team will send an activation mail into the registered email id of the users, answer, and the users need to click on that link in their email to confirm and activate their CoinEgg account.
Set Up Security Questions
After account activation, CoinEgg asks users to select their preferred security questions, answer them accordingly, and then click on the “Submit” button.
Deposit Funds
Now it is time to deposit the required funds by clicking on the Balance Box just below the account details and click on the “Deposit” tab. Users can select their preferred cryptocurrencies from the drop-down box. Users also need to copy the wallet address correctly, wherein they will deposit the funds and start buying cryptocurrencies.
Sign Up Now
CoinEgg Fees
Trading fees charged by various cryptocurrency exchanges serve as an essential parameter to distinguish these platforms from one another. According to the different CoinEgg reviews, the platform fee structure appears to be very competitive. Moreover, CoinEgg is very transparent with its fees design and lists all the associated cryptocurrency trading and withdrawal fees on its website and its order book.
The trading fees are only 0.1% per trade, much lower than the industry average of around 0.25%. As for the deposit fees, no fee is charged from users for making deposits on the CoinEgg exchange platform. For withdrawals, fees can spike as high as 1% and are sometimes set at 0.001 BTC for Bitcoin, 0.01 ETH for Ethereum, and 0.001 LTC for Litecoin. But still, the withdrawal fee is relatively low as compared to the global industry average.
CoinEgg Deposit and Withdrawal Methods
CoinEgg only accepts cryptocurrency deposits and no other mode of deposits. Thus, it becomes difficult for new traders to execute the trade on this platform because they have not encountered cryptocurrencies before and therefore do not hold any crypto assets in their wallets. In that case, new traders will first have to buy cryptocurrencies from other exchanges, and then they can deposit them at CoinEgg. Choose the best crypto wallets for storing your cryptocurrencies.
CoinEgg Accepted Payment Method
CoinEgg only accepts cryptocurrencies and no other payment methods. As such, the platform focuses more on crypto assets rather than anything else.
CoinEgg Supported Countries & Cryptocurrencies
CoinEgg is a web-based platform and thus allows traders from all over the world to execute its platform. Though the CoinEgg exchange does not delist US investors by prohibiting them from trading, US investors should be aware of any existing laws and do their independent research of any issues arising from their citizenship. CoinEgg supports all leading cryptocurrencies like bitcoin, Litecoin, Ethereum, etc., along with its native crypto coin USC and some exotic coins and ICO tokens. MKR and DAI will soon be listed on the CoinEgg website.
CoinEgg Trading Platform
CoinEgg hosts a proprietary web-based crypto trading platform that is designed to meet the preferences of both novices and professional traders. However, according to some CoinEgg reviews, the platform lacks advanced features and charting tools that modern-day traders look for. The platform does not provide limit orders or stop-loss orders which is a severe drawback that the exchange should add more credibility to the platform.
CoinEgg Trading Tools
Traders registered on the CoinEgg exchange are provided with some helpful charting and trading tools, such as Candlestick Charts, Trading APIs, and a Market Depth Chart. All these trading tools help the traders to experience a seamless trading process.
Sign Up Now
CoinEgg Mobile App
CoinEgg offers a robust mobile application that is compatible with both iPhones and Android smartphones. Therefore, users who prefer to trade on the go can try the mobile version, which offers the same functionalities as the desktop version.
Sign Up Now
CoinEgg Security & Privacy
According to the various CoinEgg reviews, the security protocol of the exchange appears to be relatively good. However, the fact that the exchange is not regulated sometimes raises eyebrows. Therefore, the traders must check various factors regarding an exchange’s security before trading on them. CoinEgg claims to employ top-level security mechanisms, but there is no information available on their website. This is perhaps because the team does not want to disclose their security mechanisms as then it would mean letting the hackers find out the loopholes, if any. As for the fairness of the exchange, CoinEgg does not discriminate against its users, and there is only one account type that traders can choose.
A CoinEgg review reveals that the platform employs two sets of passwords, one for entering the site, another during trading. Besides this, the platform also uses a two-factor identification (optional) to protect clients’ assets. Though the exchange claims that it has never been hacked since its launch in 2013, it is never a wise idea to keep the digital assets in any cryptocurrency exchange, regardless of how secure it appears to be. Therefore, it is always advisable to install a paper wallet or other storage devices to keep the digital assets safe offline.
CoinEgg Customer Support
Traders can reach the customer support services staff via email or live chat option on their website 24/7. However, there have been complaints about the team not being very responsive in solving the customers’ issues or taking a little longer than other exchanges. However, a detailed FAQs section is available on the website’s support page, where most of the common issues have been discussed with ready solutions and it also has social media accounts which may be useful.
Sign Up Now
CoinEgg Review: Conclusion
The United Kingdom based exchange CoinEgg hosts some of the enticing features, and the most important one is its potential to offer rare cryptocurrencies to trade on its platform that is not available elsewhere. Apart from this, its low and completive fee structure attracts traders from all across the world. However, on the downside, it is not regulated under any regulatory authority and thus sometimes creates a doubt against the platform’s credibility. Otherwise, CoinEgg operates smoothly and provides all the essential features that a trader seeks.
FAQs
Is CoinEgg Safe?
There is no information available on the CoinEgg website as to the security measures employed by the exchange. However, the exchange has maintained its integrity since its launch, and it has never been hacked. Users can add the 2FA (2-factor authentication) to secure their account and set a strong password for withdrawals.
Where Is CoinEgg Located?
CoinEgg is headquartered at Hunstanton Avenue, B17 8TA, Birmingham, United Kingdom.
Is CoinEgg Exchange Regulated?
No, CoinEgg is not a regulated exchange.
How to Withdraw From the CoinEgg Exchange?
Users can withdraw money from CoinEgg by sending their cryptocurrencies to their wallet address.
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Thursday, March 14 2024
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CoinEgg Review 2024 : Is It a Safe Cryptocurrency Exchange?
David Cox
Last Updated: January 22, 2024
Quick OverviewWhat Is CoinEgg?FeaturesPros and ConsSign Up ProcessFeesDeposit and Withdrawal MethodsAccepted Payment MethodSupported Countries & CryptocurrenciesCoinEgg Trading PlatformSecurity & PrivacyCustomer SupportConclusionFAQs
A cryptocurrency exchange allows traders to trade their preferred cryptocurrencies on the platform. There are hundreds of such platforms, and each claims to be the best one. However, it is the traders who can only decide whether a particular platform will meet their preferences or not; there are a lot of factors that are required to be considered to deem a helpful exchange or not. This CoinEgg review has all those essential points that should be considered before selecting a cryptocurrency exchange.
CoinEgg Summary
Official Website
https://www.coinegg.fun/
Headquarters
United Kingdom
Found in
2017
Native Token
Yes
Listed Cryptocurrency
40+
Trading Pairs
60+
Supported Fiat Currencies
No
Supported Countries
100+
Minimum Deposit
N/A
Deposit Fees
Free
Transaction Fees
Maker:- 0.2%, Taker:- 0.2%
Withdrawal Fees
Depends on the currency
Application
Yes
Customer Support
24/7 via Mail, Live Chat, Help Center, & Submit Request Form
Sign Up Now
Quick Overview of CoinEgg
The United Kingdom-based cryptocurrency exchange.
It supports over 40 cryptocurrencies and rare tokens that are not listed elsewhere.
Accepts only cryptocurrency deposits.
It does not prohibit US investors from executing an answer trade on the platform.
What Is CoinEgg?
CoinEgg is a United Kingdom-based (Birmingham) cryptocurrency exchange founded in 2017 by a renowned Ph. D scholar from the University of Surrey and an expert in AI (artificial intelligence) Dr. Peter Chan. While there is no mention of the list of products and services offered by the exchange on its website, CoinEgg does provide an extensive list of trading options against two of the most significant market players, namely, Bitcoin and Ethereum. It is a relatively new cryptocurrency exchange that has well established itself in the crypto market. According to a CoinEgg review, the platform supports more than 40 famous and rare crypto coins and many ICO tokens. Also, these rare coins can be easily traded against the leading crypto coins like Bitcoin and Ethereum. The platform emphasizes more digital assets than fiat currencies.
On the very first look, the CoinEgg exchange might appear to be very unfriendly and complicated to the new traders. Still, professional eyes would understand why this cryptocurrency exchange is so different from its competitors. The trading view of CoinEgg displays a series of lists, graphs, and figures that allows professional traders to do further technical analysis of the cryptocurrency market.
Sign Up Now
How Does CoinEgg Work?
The CoinEgg exchange matches the buyers and sellers on its platform and arranges a trade between them against a small trading fee.
Features of CoinEgg
Some of the exciting features offered by CoinEgg are as follows:-
Proprietary Trading Platform
Like top cryptocurrency exchange, CoinEgg also has its own proprietary crypto trading platform. The platform is intelligently designed but is not the user-friendly that the new traders look for. Most importantly, the platform displays only some of the basic charts, and also, the charting tools are minimal and thus sometimes not recommended for professional traders. The supported crypto assets are displayed on the left of the platform in a straightforward format, while the order book and the order history appear immediately below the chart. Though the layout is well organized, it lacks some advanced features compared to other trading platforms. The order book features only the simple market orders; limit orders or stop losses orders are absent.
Multiple Assets
CoinEgg supports an extensive list of cryptocurrency assets, including the most popular ones and some of the rare projects. Currently, the platform supports more than 40 tradeable pairs, including bitcoin, Litecoin, Ethereum, and CoinEgg’s native token USC. Bitcoin and the native USC token provide the most tradable assets, while Ethereum can only be exchanged with five cryptocurrencies. However, CoinEgg does not support any tradeable fiat currency pairs as of now.
Liquidity
CoinEgg is one of few exchanges that provides the best liquidity in the world. As of July 5, 2019, the 24-hour trading volume of CoinEgg stood somewhere around USD 1.53 billion. Only two exchanges, Binance and OKEx, provide such a high 24-hour trading volume daily. However, the margin trading volume of CoinEgg had dropped substantially due to the COVID pandemic. It stood at USD 98.4 million as of March 23, 2020, thus placing the exchange on 74th rank on the 24-hour trading volume list published by Coinmarketcap.
Sign Up Now
CoinEgg Review: Pros and Cons
Pros
Cons
Easy to navigate.
Not regulated.
Competitive and low fee structure.
Low liquidity for some digital currencies.
Provides an extensive list of cryptocurrencies along with some exotic coins.
Limited charting tools.
Does not prohibit US investors.
Limited channels to connect to the customer service team.
Does not support fiat currencies.
CoinEgg Account Opening Process
Trading on CoinEgg is relatively easy. All that the users need to do is open an account on the exchange. The account opening process can be done with the following steps:-
Sign Up Process
Users need to visit the official website of CoinEgg and click on the Sign-Up button on the right-hand corner of the page. A registration form will open where users need to fill up the fields like country, email, and two passwords, one for logging into the account and another for executing the trade. After that, the user needs to click on the “Next” button to proceed to the next page.
Activate CoinEgg Account
The CoinEgg team will send an activation mail into the registered email id of the users, answer, and the users need to click on that link in their email to confirm and activate their CoinEgg account.
Set Up Security Questions
After account activation, CoinEgg asks users to select their preferred security questions, answer them accordingly, and then click on the “Submit” button.
Deposit Funds
Now it is time to deposit the required funds by clicking on the Balance Box just below the account details and click on the “Deposit” tab. Users can select their preferred cryptocurrencies from the drop-down box. Users also need to copy the wallet address correctly, wherein they will deposit the funds and start buying cryptocurrencies.
Sign Up Now
CoinEgg Fees
Trading fees charged by various cryptocurrency exchanges serve as an essential parameter to distinguish these platforms from one another. According to the different CoinEgg reviews, the platform fee structure appears to be very competitive. Moreover, CoinEgg is very transparent with its fees design and lists all the associated cryptocurrency trading and withdrawal fees on its website and its order book.
The trading fees are only 0.1% per trade, much lower than the industry average of around 0.25%. As for the deposit fees, no fee is charged from users for making deposits on the CoinEgg exchange platform. For withdrawals, fees can spike as high as 1% and are sometimes set at 0.001 BTC for Bitcoin, 0.01 ETH for Ethereum, and 0.001 LTC for Litecoin. But still, the withdrawal fee is relatively low as compared to the global industry average.
CoinEgg Deposit and Withdrawal Methods
CoinEgg only accepts cryptocurrency deposits and no other mode of deposits. Thus, it becomes difficult for new traders to execute the trade on this platform because they have not encountered cryptocurrencies before and therefore do not hold any crypto assets in their wallets. In that case, new traders will first have to buy cryptocurrencies from other exchanges, and then they can deposit them at CoinEgg. Choose the best crypto wallets for storing your cryptocurrencies.
CoinEgg Accepted Payment Method
CoinEgg only accepts cryptocurrencies and no other payment methods. As such, the platform focuses more on crypto assets rather than anything else.
CoinEgg Supported Countries & Cryptocurrencies
CoinEgg is a web-based platform and thus allows traders from all over the world to execute its platform. Though the CoinEgg exchange does not delist US investors by prohibiting them from trading, US investors should be aware of any existing laws and do their independent research of any issues arising from their citizenship. CoinEgg supports all leading cryptocurrencies like bitcoin, Litecoin, Ethereum, etc., along with its native crypto coin USC and some exotic coins and ICO tokens. MKR and DAI will soon be listed on the CoinEgg website.
CoinEgg Trading Platform
CoinEgg hosts a proprietary web-based crypto trading platform that is designed to meet the preferences of both novices and professional traders. However, according to some CoinEgg reviews, the platform lacks advanced features and charting tools that modern-day traders look for. The platform does not provide limit orders or stop-loss orders which is a severe drawback that the exchange should add more credibility to the platform.
CoinEgg Trading Tools
Traders registered on the CoinEgg exchange are provided with some helpful charting and trading tools, such as Candlestick Charts, Trading APIs, and a Market Depth Chart. All these trading tools help the traders to experience a seamless trading process.
Sign Up Now
CoinEgg Mobile App
CoinEgg offers a robust mobile application that is compatible with both iPhones and Android smartphones. Therefore, users who prefer to trade on the go can try the mobile version, which offers the same functionalities as the desktop version.
Sign Up Now
CoinEgg Security & Privacy
According to the various CoinEgg reviews, the security protocol of the exchange appears to be relatively good. However, the fact that the exchange is not regulated sometimes raises eyebrows. Therefore, the traders must check various factors regarding an exchange’s security before trading on them. CoinEgg claims to employ top-level security mechanisms, but there is no information available on their website. This is perhaps because the team does not want to disclose their security mechanisms as then it would mean letting the hackers find out the loopholes, if any. As for the fairness of the exchange, CoinEgg does not discriminate against its users, and there is only one account type that traders can choose.
A CoinEgg review reveals that the platform employs two sets of passwords, one for entering the site, another during trading. Besides this, the platform also uses a two-factor identification (optional) to protect clients’ assets. Though the exchange claims that it has never been hacked since its launch in 2013, it is never a wise idea to keep the digital assets in any cryptocurrency exchange, regardless of how secure it appears to be. Therefore, it is always advisable to install a paper wallet or other storage devices to keep the digital assets safe offline.
CoinEgg Customer Support
Traders can reach the customer support services staff via email or live chat option on their website 24/7. However, there have been complaints about the team not being very responsive in solving the customers’ issues or taking a little longer than other exchanges. However, a detailed FAQs section is available on the website’s support page, where most of the common issues have been discussed with ready solutions and it also has social media accounts which may be useful.
Sign Up Now
CoinEgg Review: Conclusion
The United Kingdom based exchange CoinEgg hosts some of the enticing features, and the most important one is its potential to offer rare cryptocurrencies to trade on its platform that is not available elsewhere. Apart from this, its low and completive fee structure attracts traders from all across the world. However, on the downside, it is not regulated under any regulatory authority and thus sometimes creates a doubt against the platform’s credibility. Otherwise, CoinEgg operates smoothly and provides all the essential features that a trader seeks.
FAQs
Is CoinEgg Safe?
There is no information available on the CoinEgg website as to the security measures employed by the exchange. However, the exchange has maintained its integrity since its launch, and it has never been hacked. Users can add the 2FA (2-factor authentication) to secure their account and set a strong password for withdrawals.
Where Is CoinEgg Located?
CoinEgg is headquartered at Hunstanton Avenue, B17 8TA, Birmingham, United Kingdom.
Is CoinEgg Exchange Regulated?
No, CoinEgg is not a regulated exchange.
How to Withdraw From the CoinEgg Exchange?
Users can withdraw money from CoinEgg by sending their cryptocurrencies to their wallet address.
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© Copyright 2024, All Rights Reserved. Submit Press Release
Editorial Policy
Advertise
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Terms and Conditions
Contact Us
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Search for:
Coinegg Review 2024 : Is It a Safe Cryptocurrency Exchange?
Coinegg Review 2024 : Is It a Safe Cryptocurrency Exchange?
Thursday, March 14 2024
Submit Press Release
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Contact Us
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CoinEgg Review 2024 : Is It a Safe Cryptocurrency Exchange?
David Cox
Last Updated: January 22, 2024
Quick OverviewWhat Is CoinEgg?FeaturesPros and ConsSign Up ProcessFeesDeposit and Withdrawal MethodsAccepted Payment MethodSupported Countries & CryptocurrenciesCoinEgg Trading PlatformSecurity & PrivacyCustomer SupportConclusionFAQs
A cryptocurrency exchange allows traders to trade their preferred cryptocurrencies on the platform. There are hundreds of such platforms, and each claims to be the best one. However, it is the traders who can only decide whether a particular platform will meet their preferences or not; there are a lot of factors that are required to be considered to deem a helpful exchange or not. This CoinEgg review has all those essential points that should be considered before selecting a cryptocurrency exchange.
CoinEgg Summary
Official Website
https://www.coinegg.fun/
Headquarters
United Kingdom
Found in
2017
Native Token
Yes
Listed Cryptocurrency
40+
Trading Pairs
60+
Supported Fiat Currencies
No
Supported Countries
100+
Minimum Deposit
N/A
Deposit Fees
Free
Transaction Fees
Maker:- 0.2%, Taker:- 0.2%
Withdrawal Fees
Depends on the currency
Application
Yes
Customer Support
24/7 via Mail, Live Chat, Help Center, & Submit Request Form
Sign Up Now
Quick Overview of CoinEgg
The United Kingdom-based cryptocurrency exchange.
It supports over 40 cryptocurrencies and rare tokens that are not listed elsewhere.
Accepts only cryptocurrency deposits.
It does not prohibit US investors from executing an answer trade on the platform.
What Is CoinEgg?
CoinEgg is a United Kingdom-based (Birmingham) cryptocurrency exchange founded in 2017 by a renowned Ph. D scholar from the University of Surrey and an expert in AI (artificial intelligence) Dr. Peter Chan. While there is no mention of the list of products and services offered by the exchange on its website, CoinEgg does provide an extensive list of trading options against two of the most significant market players, namely, Bitcoin and Ethereum. It is a relatively new cryptocurrency exchange that has well established itself in the crypto market. According to a CoinEgg review, the platform supports more than 40 famous and rare crypto coins and many ICO tokens. Also, these rare coins can be easily traded against the leading crypto coins like Bitcoin and Ethereum. The platform emphasizes more digital assets than fiat currencies.
On the very first look, the CoinEgg exchange might appear to be very unfriendly and complicated to the new traders. Still, professional eyes would understand why this cryptocurrency exchange is so different from its competitors. The trading view of CoinEgg displays a series of lists, graphs, and figures that allows professional traders to do further technical analysis of the cryptocurrency market.
Sign Up Now
How Does CoinEgg Work?
The CoinEgg exchange matches the buyers and sellers on its platform and arranges a trade between them against a small trading fee.
Features of CoinEgg
Some of the exciting features offered by CoinEgg are as follows:-
Proprietary Trading Platform
Like top cryptocurrency exchange, CoinEgg also has its own proprietary crypto trading platform. The platform is intelligently designed but is not the user-friendly that the new traders look for. Most importantly, the platform displays only some of the basic charts, and also, the charting tools are minimal and thus sometimes not recommended for professional traders. The supported crypto assets are displayed on the left of the platform in a straightforward format, while the order book and the order history appear immediately below the chart. Though the layout is well organized, it lacks some advanced features compared to other trading platforms. The order book features only the simple market orders; limit orders or stop losses orders are absent.
Multiple Assets
CoinEgg supports an extensive list of cryptocurrency assets, including the most popular ones and some of the rare projects. Currently, the platform supports more than 40 tradeable pairs, including bitcoin, Litecoin, Ethereum, and CoinEgg’s native token USC. Bitcoin and the native USC token provide the most tradable assets, while Ethereum can only be exchanged with five cryptocurrencies. However, CoinEgg does not support any tradeable fiat currency pairs as of now.
Liquidity
CoinEgg is one of few exchanges that provides the best liquidity in the world. As of July 5, 2019, the 24-hour trading volume of CoinEgg stood somewhere around USD 1.53 billion. Only two exchanges, Binance and OKEx, provide such a high 24-hour trading volume daily. However, the margin trading volume of CoinEgg had dropped substantially due to the COVID pandemic. It stood at USD 98.4 million as of March 23, 2020, thus placing the exchange on 74th rank on the 24-hour trading volume list published by Coinmarketcap.
Sign Up Now
CoinEgg Review: Pros and Cons
Pros
Cons
Easy to navigate.
Not regulated.
Competitive and low fee structure.
Low liquidity for some digital currencies.
Provides an extensive list of cryptocurrencies along with some exotic coins.
Limited charting tools.
Does not prohibit US investors.
Limited channels to connect to the customer service team.
Does not support fiat currencies.
CoinEgg Account Opening Process
Trading on CoinEgg is relatively easy. All that the users need to do is open an account on the exchange. The account opening process can be done with the following steps:-
Sign Up Process
Users need to visit the official website of CoinEgg and click on the Sign-Up button on the right-hand corner of the page. A registration form will open where users need to fill up the fields like country, email, and two passwords, one for logging into the account and another for executing the trade. After that, the user needs to click on the “Next” button to proceed to the next page.
Activate CoinEgg Account
The CoinEgg team will send an activation mail into the registered email id of the users, answer, and the users need to click on that link in their email to confirm and activate their CoinEgg account.
Set Up Security Questions
After account activation, CoinEgg asks users to select their preferred security questions, answer them accordingly, and then click on the “Submit” button.
Deposit Funds
Now it is time to deposit the required funds by clicking on the Balance Box just below the account details and click on the “Deposit” tab. Users can select their preferred cryptocurrencies from the drop-down box. Users also need to copy the wallet address correctly, wherein they will deposit the funds and start buying cryptocurrencies.
Sign Up Now
CoinEgg Fees
Trading fees charged by various cryptocurrency exchanges serve as an essential parameter to distinguish these platforms from one another. According to the different CoinEgg reviews, the platform fee structure appears to be very competitive. Moreover, CoinEgg is very transparent with its fees design and lists all the associated cryptocurrency trading and withdrawal fees on its website and its order book.
The trading fees are only 0.1% per trade, much lower than the industry average of around 0.25%. As for the deposit fees, no fee is charged from users for making deposits on the CoinEgg exchange platform. For withdrawals, fees can spike as high as 1% and are sometimes set at 0.001 BTC for Bitcoin, 0.01 ETH for Ethereum, and 0.001 LTC for Litecoin. But still, the withdrawal fee is relatively low as compared to the global industry average.
CoinEgg Deposit and Withdrawal Methods
CoinEgg only accepts cryptocurrency deposits and no other mode of deposits. Thus, it becomes difficult for new traders to execute the trade on this platform because they have not encountered cryptocurrencies before and therefore do not hold any crypto assets in their wallets. In that case, new traders will first have to buy cryptocurrencies from other exchanges, and then they can deposit them at CoinEgg. Choose the best crypto wallets for storing your cryptocurrencies.
CoinEgg Accepted Payment Method
CoinEgg only accepts cryptocurrencies and no other payment methods. As such, the platform focuses more on crypto assets rather than anything else.
CoinEgg Supported Countries & Cryptocurrencies
CoinEgg is a web-based platform and thus allows traders from all over the world to execute its platform. Though the CoinEgg exchange does not delist US investors by prohibiting them from trading, US investors should be aware of any existing laws and do their independent research of any issues arising from their citizenship. CoinEgg supports all leading cryptocurrencies like bitcoin, Litecoin, Ethereum, etc., along with its native crypto coin USC and some exotic coins and ICO tokens. MKR and DAI will soon be listed on the CoinEgg website.
CoinEgg Trading Platform
CoinEgg hosts a proprietary web-based crypto trading platform that is designed to meet the preferences of both novices and professional traders. However, according to some CoinEgg reviews, the platform lacks advanced features and charting tools that modern-day traders look for. The platform does not provide limit orders or stop-loss orders which is a severe drawback that the exchange should add more credibility to the platform.
CoinEgg Trading Tools
Traders registered on the CoinEgg exchange are provided with some helpful charting and trading tools, such as Candlestick Charts, Trading APIs, and a Market Depth Chart. All these trading tools help the traders to experience a seamless trading process.
Sign Up Now
CoinEgg Mobile App
CoinEgg offers a robust mobile application that is compatible with both iPhones and Android smartphones. Therefore, users who prefer to trade on the go can try the mobile version, which offers the same functionalities as the desktop version.
Sign Up Now
CoinEgg Security & Privacy
According to the various CoinEgg reviews, the security protocol of the exchange appears to be relatively good. However, the fact that the exchange is not regulated sometimes raises eyebrows. Therefore, the traders must check various factors regarding an exchange’s security before trading on them. CoinEgg claims to employ top-level security mechanisms, but there is no information available on their website. This is perhaps because the team does not want to disclose their security mechanisms as then it would mean letting the hackers find out the loopholes, if any. As for the fairness of the exchange, CoinEgg does not discriminate against its users, and there is only one account type that traders can choose.
A CoinEgg review reveals that the platform employs two sets of passwords, one for entering the site, another during trading. Besides this, the platform also uses a two-factor identification (optional) to protect clients’ assets. Though the exchange claims that it has never been hacked since its launch in 2013, it is never a wise idea to keep the digital assets in any cryptocurrency exchange, regardless of how secure it appears to be. Therefore, it is always advisable to install a paper wallet or other storage devices to keep the digital assets safe offline.
CoinEgg Customer Support
Traders can reach the customer support services staff via email or live chat option on their website 24/7. However, there have been complaints about the team not being very responsive in solving the customers’ issues or taking a little longer than other exchanges. However, a detailed FAQs section is available on the website’s support page, where most of the common issues have been discussed with ready solutions and it also has social media accounts which may be useful.
Sign Up Now
CoinEgg Review: Conclusion
The United Kingdom based exchange CoinEgg hosts some of the enticing features, and the most important one is its potential to offer rare cryptocurrencies to trade on its platform that is not available elsewhere. Apart from this, its low and completive fee structure attracts traders from all across the world. However, on the downside, it is not regulated under any regulatory authority and thus sometimes creates a doubt against the platform’s credibility. Otherwise, CoinEgg operates smoothly and provides all the essential features that a trader seeks.
FAQs
Is CoinEgg Safe?
There is no information available on the CoinEgg website as to the security measures employed by the exchange. However, the exchange has maintained its integrity since its launch, and it has never been hacked. Users can add the 2FA (2-factor authentication) to secure their account and set a strong password for withdrawals.
Where Is CoinEgg Located?
CoinEgg is headquartered at Hunstanton Avenue, B17 8TA, Birmingham, United Kingdom.
Is CoinEgg Exchange Regulated?
No, CoinEgg is not a regulated exchange.
How to Withdraw From the CoinEgg Exchange?
Users can withdraw money from CoinEgg by sending their cryptocurrencies to their wallet address.
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Coinegg Review 2024 : Is It a Safe Cryptocurrency Exchange?
Coinegg Review 2024 : Is It a Safe Cryptocurrency Exchange?
Thursday, March 14 2024
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CoinEgg Review 2024 : Is It a Safe Cryptocurrency Exchange?
David Cox
Last Updated: January 22, 2024
Quick OverviewWhat Is CoinEgg?FeaturesPros and ConsSign Up ProcessFeesDeposit and Withdrawal MethodsAccepted Payment MethodSupported Countries & CryptocurrenciesCoinEgg Trading PlatformSecurity & PrivacyCustomer SupportConclusionFAQs
A cryptocurrency exchange allows traders to trade their preferred cryptocurrencies on the platform. There are hundreds of such platforms, and each claims to be the best one. However, it is the traders who can only decide whether a particular platform will meet their preferences or not; there are a lot of factors that are required to be considered to deem a helpful exchange or not. This CoinEgg review has all those essential points that should be considered before selecting a cryptocurrency exchange.
CoinEgg Summary
Official Website
https://www.coinegg.fun/
Headquarters
United Kingdom
Found in
2017
Native Token
Yes
Listed Cryptocurrency
40+
Trading Pairs
60+
Supported Fiat Currencies
No
Supported Countries
100+
Minimum Deposit
N/A
Deposit Fees
Free
Transaction Fees
Maker:- 0.2%, Taker:- 0.2%
Withdrawal Fees
Depends on the currency
Application
Yes
Customer Support
24/7 via Mail, Live Chat, Help Center, & Submit Request Form
Sign Up Now
Quick Overview of CoinEgg
The United Kingdom-based cryptocurrency exchange.
It supports over 40 cryptocurrencies and rare tokens that are not listed elsewhere.
Accepts only cryptocurrency deposits.
It does not prohibit US investors from executing an answer trade on the platform.
What Is CoinEgg?
CoinEgg is a United Kingdom-based (Birmingham) cryptocurrency exchange founded in 2017 by a renowned Ph. D scholar from the University of Surrey and an expert in AI (artificial intelligence) Dr. Peter Chan. While there is no mention of the list of products and services offered by the exchange on its website, CoinEgg does provide an extensive list of trading options against two of the most significant market players, namely, Bitcoin and Ethereum. It is a relatively new cryptocurrency exchange that has well established itself in the crypto market. According to a CoinEgg review, the platform supports more than 40 famous and rare crypto coins and many ICO tokens. Also, these rare coins can be easily traded against the leading crypto coins like Bitcoin and Ethereum. The platform emphasizes more digital assets than fiat currencies.
On the very first look, the CoinEgg exchange might appear to be very unfriendly and complicated to the new traders. Still, professional eyes would understand why this cryptocurrency exchange is so different from its competitors. The trading view of CoinEgg displays a series of lists, graphs, and figures that allows professional traders to do further technical analysis of the cryptocurrency market.
Sign Up Now
How Does CoinEgg Work?
The CoinEgg exchange matches the buyers and sellers on its platform and arranges a trade between them against a small trading fee.
Features of CoinEgg
Some of the exciting features offered by CoinEgg are as follows:-
Proprietary Trading Platform
Like top cryptocurrency exchange, CoinEgg also has its own proprietary crypto trading platform. The platform is intelligently designed but is not the user-friendly that the new traders look for. Most importantly, the platform displays only some of the basic charts, and also, the charting tools are minimal and thus sometimes not recommended for professional traders. The supported crypto assets are displayed on the left of the platform in a straightforward format, while the order book and the order history appear immediately below the chart. Though the layout is well organized, it lacks some advanced features compared to other trading platforms. The order book features only the simple market orders; limit orders or stop losses orders are absent.
Multiple Assets
CoinEgg supports an extensive list of cryptocurrency assets, including the most popular ones and some of the rare projects. Currently, the platform supports more than 40 tradeable pairs, including bitcoin, Litecoin, Ethereum, and CoinEgg’s native token USC. Bitcoin and the native USC token provide the most tradable assets, while Ethereum can only be exchanged with five cryptocurrencies. However, CoinEgg does not support any tradeable fiat currency pairs as of now.
Liquidity
CoinEgg is one of few exchanges that provides the best liquidity in the world. As of July 5, 2019, the 24-hour trading volume of CoinEgg stood somewhere around USD 1.53 billion. Only two exchanges, Binance and OKEx, provide such a high 24-hour trading volume daily. However, the margin trading volume of CoinEgg had dropped substantially due to the COVID pandemic. It stood at USD 98.4 million as of March 23, 2020, thus placing the exchange on 74th rank on the 24-hour trading volume list published by Coinmarketcap.
Sign Up Now
CoinEgg Review: Pros and Cons
Pros
Cons
Easy to navigate.
Not regulated.
Competitive and low fee structure.
Low liquidity for some digital currencies.
Provides an extensive list of cryptocurrencies along with some exotic coins.
Limited charting tools.
Does not prohibit US investors.
Limited channels to connect to the customer service team.
Does not support fiat currencies.
CoinEgg Account Opening Process
Trading on CoinEgg is relatively easy. All that the users need to do is open an account on the exchange. The account opening process can be done with the following steps:-
Sign Up Process
Users need to visit the official website of CoinEgg and click on the Sign-Up button on the right-hand corner of the page. A registration form will open where users need to fill up the fields like country, email, and two passwords, one for logging into the account and another for executing the trade. After that, the user needs to click on the “Next” button to proceed to the next page.
Activate CoinEgg Account
The CoinEgg team will send an activation mail into the registered email id of the users, answer, and the users need to click on that link in their email to confirm and activate their CoinEgg account.
Set Up Security Questions
After account activation, CoinEgg asks users to select their preferred security questions, answer them accordingly, and then click on the “Submit” button.
Deposit Funds
Now it is time to deposit the required funds by clicking on the Balance Box just below the account details and click on the “Deposit” tab. Users can select their preferred cryptocurrencies from the drop-down box. Users also need to copy the wallet address correctly, wherein they will deposit the funds and start buying cryptocurrencies.
Sign Up Now
CoinEgg Fees
Trading fees charged by various cryptocurrency exchanges serve as an essential parameter to distinguish these platforms from one another. According to the different CoinEgg reviews, the platform fee structure appears to be very competitive. Moreover, CoinEgg is very transparent with its fees design and lists all the associated cryptocurrency trading and withdrawal fees on its website and its order book.
The trading fees are only 0.1% per trade, much lower than the industry average of around 0.25%. As for the deposit fees, no fee is charged from users for making deposits on the CoinEgg exchange platform. For withdrawals, fees can spike as high as 1% and are sometimes set at 0.001 BTC for Bitcoin, 0.01 ETH for Ethereum, and 0.001 LTC for Litecoin. But still, the withdrawal fee is relatively low as compared to the global industry average.
CoinEgg Deposit and Withdrawal Methods
CoinEgg only accepts cryptocurrency deposits and no other mode of deposits. Thus, it becomes difficult for new traders to execute the trade on this platform because they have not encountered cryptocurrencies before and therefore do not hold any crypto assets in their wallets. In that case, new traders will first have to buy cryptocurrencies from other exchanges, and then they can deposit them at CoinEgg. Choose the best crypto wallets for storing your cryptocurrencies.
CoinEgg Accepted Payment Method
CoinEgg only accepts cryptocurrencies and no other payment methods. As such, the platform focuses more on crypto assets rather than anything else.
CoinEgg Supported Countries & Cryptocurrencies
CoinEgg is a web-based platform and thus allows traders from all over the world to execute its platform. Though the CoinEgg exchange does not delist US investors by prohibiting them from trading, US investors should be aware of any existing laws and do their independent research of any issues arising from their citizenship. CoinEgg supports all leading cryptocurrencies like bitcoin, Litecoin, Ethereum, etc., along with its native crypto coin USC and some exotic coins and ICO tokens. MKR and DAI will soon be listed on the CoinEgg website.
CoinEgg Trading Platform
CoinEgg hosts a proprietary web-based crypto trading platform that is designed to meet the preferences of both novices and professional traders. However, according to some CoinEgg reviews, the platform lacks advanced features and charting tools that modern-day traders look for. The platform does not provide limit orders or stop-loss orders which is a severe drawback that the exchange should add more credibility to the platform.
CoinEgg Trading Tools
Traders registered on the CoinEgg exchange are provided with some helpful charting and trading tools, such as Candlestick Charts, Trading APIs, and a Market Depth Chart. All these trading tools help the traders to experience a seamless trading process.
Sign Up Now
CoinEgg Mobile App
CoinEgg offers a robust mobile application that is compatible with both iPhones and Android smartphones. Therefore, users who prefer to trade on the go can try the mobile version, which offers the same functionalities as the desktop version.
Sign Up Now
CoinEgg Security & Privacy
According to the various CoinEgg reviews, the security protocol of the exchange appears to be relatively good. However, the fact that the exchange is not regulated sometimes raises eyebrows. Therefore, the traders must check various factors regarding an exchange’s security before trading on them. CoinEgg claims to employ top-level security mechanisms, but there is no information available on their website. This is perhaps because the team does not want to disclose their security mechanisms as then it would mean letting the hackers find out the loopholes, if any. As for the fairness of the exchange, CoinEgg does not discriminate against its users, and there is only one account type that traders can choose.
A CoinEgg review reveals that the platform employs two sets of passwords, one for entering the site, another during trading. Besides this, the platform also uses a two-factor identification (optional) to protect clients’ assets. Though the exchange claims that it has never been hacked since its launch in 2013, it is never a wise idea to keep the digital assets in any cryptocurrency exchange, regardless of how secure it appears to be. Therefore, it is always advisable to install a paper wallet or other storage devices to keep the digital assets safe offline.
CoinEgg Customer Support
Traders can reach the customer support services staff via email or live chat option on their website 24/7. However, there have been complaints about the team not being very responsive in solving the customers’ issues or taking a little longer than other exchanges. However, a detailed FAQs section is available on the website’s support page, where most of the common issues have been discussed with ready solutions and it also has social media accounts which may be useful.
Sign Up Now
CoinEgg Review: Conclusion
The United Kingdom based exchange CoinEgg hosts some of the enticing features, and the most important one is its potential to offer rare cryptocurrencies to trade on its platform that is not available elsewhere. Apart from this, its low and completive fee structure attracts traders from all across the world. However, on the downside, it is not regulated under any regulatory authority and thus sometimes creates a doubt against the platform’s credibility. Otherwise, CoinEgg operates smoothly and provides all the essential features that a trader seeks.
FAQs
Is CoinEgg Safe?
There is no information available on the CoinEgg website as to the security measures employed by the exchange. However, the exchange has maintained its integrity since its launch, and it has never been hacked. Users can add the 2FA (2-factor authentication) to secure their account and set a strong password for withdrawals.
Where Is CoinEgg Located?
CoinEgg is headquartered at Hunstanton Avenue, B17 8TA, Birmingham, United Kingdom.
Is CoinEgg Exchange Regulated?
No, CoinEgg is not a regulated exchange.
How to Withdraw From the CoinEgg Exchange?
Users can withdraw money from CoinEgg by sending their cryptocurrencies to their wallet address.
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© Copyright 2024, All Rights Reserved. Submit Press Release
Editorial Policy
Advertise
Team
About Us
Privacy Policy
Disclaimer
Terms and Conditions
Contact Us
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Back to top button
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BitTorrent
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Cosmos
The Graph
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