What is Coineal exchange?
Coineal is a centralized exchange (CEX) from Korea, Woo jong ho is the CEO of Coineal. Coineal launched in 2018, currently, Coineal exchange supports many languages such as English, Japanese, Korean, Russian,… and is providing global Cryptocurrency trading services in more than many countries and different regions.
As such, here are some basic information and an overview of the Coineal exchange:
- Name: Coineal.
- Form: Cryptocurrency exchange.
- Founded year: 2018.
- Website: http://www.Coineal.com/
Coineal Exchange Review – Coineal Review
Advantage
Some advantages of Coineal exchange can be mentioned as:
- Currently supporting more than 38 Coins & Tokens and over 86 trading pairs: Top coins on the market are tradable on Coineal exchange.
- Multi-language support: Coineal supports many languages such as English, Japanese, Korean, Russian,… and is providing global trading services in many different countries and regions.
- Relatively large ecosystem: In addition to CEX, Coineal also has features such as: Launch Pool, Crypto Loan.
Defect
- Coineal lacks liquidity and has Fake Volume phenomenon: Trading volume in the past 24 hours is only around $130M and trustcore from Coinecko low (signal for Faker volume).
- The number of Coins & Tokens that Coineal supports is very small: Currently, Coineal only supports 36 Coins and 86 trading pairs are mainly top Coins, Altcoins top 100 are mostly not available on Coineal.
Coineal’s Ecosystem
Coineal CEX: The exchange focuses on large liquid Crypto assets on the market (Top coin).
Crypto Loan: Coineal allows users to collateralize BTC or ETH to borrow USDT, the loan term is 7, 14, 30 and 90 days.
Coineal Launchpool: Allows users to staking a certain Token to receive other Tokens, the time of 1 Launchpool is about 3 months.
Instructions to register for Coineal exchange
First, you visit Coineal’s website at: www.Coineal.com/register
Then select the language as Vietnamese in the top right corner to facilitate the use process.
Enter the following information one at a time: Email & Password. Then click on “I agree…” and press “Registration“.
After that, Coineal will send a confirmation email with the account verification code, you enter the 6 digits in the email into the 6 boxes in the box. Email verification code on Coineal, so you have successfully registered for a CoineEx exchange account!
Instructions for account security on Coineal
Set up 2FA security
After successfully logging in to Coineal, access: https://www.coineal.com/uhome/personal
In section “Security Settings“, choose “Authenticate via Google” and press “accuracy“. Then enter the password and the “Password“.
Use the Authentication application to scan the QR code provided by Coineal and remember to write your private key on paper (in case you lose your phone), then press “Send” is complete.
Here you can use the app Google Authenticator or Authy to create a 2FA key!
Identity Verification – Basic KYC
In section “Security Settings“, choose “Real name verification” and press “accuracy“. The overview process will go through the steps as shown in the picture.
First, you fill in the relevant basic information as shown on the required image such as country, ID type, full name,… Then click “Next step“.
Next step, upload the relevant documents including: the front side of the ID card photo, the back photo of the ID card photo, the hand held ID card photo and the signature photo.
After the upload is complete, click “Send“done done. KYC results will be notified via email within 1-2 working days.
Instructions for depositing and withdrawing money on Coineal exchange
Deposit money on Coineal exchange
After successfully logging in to Coineal, access: https://www.coineal.com/assets/balance
In this interface, you choose the coin or token you want to transfer to the exchange and then send the Coin to the address on the exchange.
Note: Please confirm the token protocol (protocol type) before transferring assets, otherwise your deposit will be lost forever and NOT refundable.
Withdraw money from Coineal exchange
Select the type of Coin or token you want to withdraw to the exchange and then click “Withdraw money” and add withdrawal address and press “Submit“.
Note: Please confirm token address and protocol before withdrawing assets, otherwise your withdrawal will be lost forever and NOT refundable.
Guide to Trade Coineal Spot
To trade Coineal and buy and sell Bitcoin & Altcoins on Coineal exchange, please go to https://www.coineal.com/trade and select the Coin & Token you want to trade.
Coineal exchange will provide you with familiar orders such as Limit (Limit), Market (Market) and Stop – Limit (Stop – Limit).
To buy/sell coins, you choose the price and quantity Click Purchase done.
Frequently asked questions about Coineal exchange
How to deal with the loss of 2FA
When you lose 2FA on Coineal exchange, you should first check if you have saved the 16-digit Key when activating Google Authenticator.
If you have saved the Key, you just need to re-enter those 16 digits into the app and Google Authenticator will automatically generate a new code for you.
Coineal exchange will notify via email, asking you to confirm that you are creating a new 2FA. After that, the exchange will ask you to open the Coineal app on your phone to scan your face as the account verification step above. Just follow the steps step by step.
In case the Key is no longer available, please quickly send a request to Coineal’s support at: https://t.me/CoinealVN
How to contact Coineal exchange support
You can contact Coineal support through the following channels:
What does the Coineal floor fee include?
Transaction fee: Coineal charges a transaction fee when a Spot user. Users refer to the details of Coineal transaction fees here.
Withdrawal fee: Like many other cryptocurrency exchanges, the deposit fee on Coineal exchange is free, withdrawal fee will depend on each coin.
summary
So I introduced you to What is Coineal and how to use Coineal in detail. If you have any questions about Coineal exchange, leave a comment at the end of the article and join the group Techtipsnreview Insights Chat to exchange, discuss with admins and many other friends!
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Source: What is Coineal exchange? Instructions for using Coineal exchange from A – Z (2021)
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