Opinions are my own.
🙂 Just wanna share some insights.
Many had asked me to trade on all sorts of exchanges/ platforms from Binance > Coinbase > Biki and all but ever since Xfers did not continue their partnership with Coinbase. I went ahead and scouted and found a SGD pairing exchange – Coinhako. But why Coinhako?
The answer is simple >
Easier to liquidate to/ via SGD and fuss-free to trade.
When I was with the Blockchain company, I used to trade via IDEX and I had to do coin swapping from IDEX then swap out to ETH/ BTC then from there cash out. During the process, I could have innocently spend unnecessary trading fees on gas/ admin and etc.
But on Coinhako, I would just need to Signup > Verify and Link up 2FA > Trade in SGD pairing > Cash out.
Supporting local companies is important and also the comfort trading in SGD.
Xfers supported up to S$5000 in the digital wallet (due to the Payment Services Act 2020) that you can link to Coinhako and trade. However if you are trading from Xfers wallet, the minimum spend is S$550 and transfer can be reflected within 5 minutes of a successful transfer.
Whereas if you trade from Coinhako wallet, minimum buy would be S$10 however depends on the $Crypto you are looking at. Deposits clearance is daily placed in at 10am/ 4pm respectively.
So in summary, good things about Coinhako:
- Pairing in SGD
- Fuss-free on the Banking & Liquidation Part (Link to SG Bank accounts/ Connect with Xfers)
- Local Enterprise #supportlocal with at least 5 years in this business
- Great Community via their Official Telegram Groupchat (It’s important to gain some quick insights if you don’t monitor the market and we HODL together.)
- Daily “Clock-in” Rewards when you logged into the App and Earn Points.
- Points can be offset for % in trading fee (normally 2-times usage of 25% off on trading fee @ 500 Coinhako Points)
- Refer-A-Friend and Earn-As-They-Trade
- Great UXUI – Price Charts and all.
- Once a while, they will organize some form of gatherings. Yay to free drinks~
Since the crypto market is now facing a little dip, I would take this chance to accumulate coins before BTC halving in May 2020.
Welcome to use my referral code: WILLYNN_576906
Check out my $Crypto Portfolio via the Folio tab above. 🙂
Trade well, HODL till it moons!