Coin Planet is a lending platform that began its journey with digital currencies in 2010 when crypto was still a brand new concept. Coin Planet became a part of the crypto world through BTC mining. As the team gained more expertise on cryptocurrencies and blockchain networks, it delved deeper into offering liquidity to trading exchanges.
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Coin Planet Summary
|Listed Cryptocurrencies||BTC, XRP, MATIC, BNB, ETH, BCH, USDT, TRX, USDC, SHIB, FIL, LINK|
|Supported Fiat Currencies||USD|
|Minimum Deposit||No Minimum Deposit|
|Deposit Fees||Doesn’t Charge Deposit Fees|
|Trading Fees||No, but need to pay a certain amount to the mining network|
|Withdrawal Limit||No Withdrawal Limit|
|Withdrawal Fees||Doesn’t Charge Withdrawal Fees|
|App||No, but it will come soon|
|Customer Support||24/7 via Live Chat, Email, FAQs, Query Form, & Social Channel Support|
Witnessing the immense potential and success of the cryptocurrency sector, Coin Planet acknowledged the value of sharing these opportunities with its end users. As a result, Coin Planet started its journey as a channel for connecting people in its liquidity pool. At the same time, it helped users make profits through crypto trading.
Coin Planet’s development team works with one primary motive: to help people grow its cryptocurrencies. It has expanded its operation in various parts of Singapore and operates with a cryptocurrency license from Lithuania.
What is Coin Planet?
Coin planet is a centralized finance (DeFi) lending platform that helps crypto coin holders earn substantial passive income volumes. It is done through coin swapping or lending.
In the case of lending, Coin Planet users deposit coins and then lend them out to other users. The users then pay the APY or the interest on the tokens lent out to them. Although many token holders are often reluctant to sacrifice their tokens for extended periods, the platform has come up with a solution to fix this.
Coin Planet offers its users flexible investments, fixed-term investments, and daily payouts. People who want to enjoy more rewards can join the tiered membership system at Coin Planet. Users reaching the top level enjoy the highest APY and receive some of their cryptocurrencies back when they begin to swap.
In the case of token swaps, about 14 digital currencies are accepted for lending at Coin Planet, the best crypto lending platform. It also supports around 292 swaps pairing. Users can use around 12 digital currencies to earn interest and create a rich passive income portfolio for lending purposes.
As a DeFi lending company, this exchange has been greatly supported. One of Southeast Asia’s most prominent cryptocurrency liquidy providers has developed the company. It operates in Singapore with a crypto license under Lithuania.
Coin Planet has more than 4000 lenders and around 50 corporate customers. It successfully bridges the gap between crypto exchanges and brokers for over 80 cryptocurrency brokers. In addition to this, Coin Planet is focused on raising marketing liquidity for its parent company. Under the parent company’s management, it has accumulated more than $180 million in cryptocurrencies.
Working of Coin Planet
Coin Planet was developed by one of the largest cryptocurrency liquidy providers in South-East Asia, and it operates in Singapore with a crypto license under Lithuania. The exchange enables its users to make money directly from their token holdings.
To understand how Coin Planet works, one needs to understand the process at the exchange. People who deposit crypto tokens at Coin Planet lend their funds to other users. In exchange, users at Coin Planet get an interest or APY and get back their initial funding over and above the interest amount. Instead of storing money or crypto tokens in a digital wallet, users can passively earn from this.
Apart from just lending, people can also swap tokens across 292 swap currency pairs without any additional gas fees.
Coin Planet has become a popular destination and secured more than 4000 lenders and 50 corporate customers into its enriching program. It has prioritized robust crypto token support across the industry, supporting 12 tokens for lending and 16 for swapping.
Coin Planet makes daily crypto token payouts, making this exchange suitable for those interested in making short-term investments. Due to potential market switches, there may be a slight concern about lending or staking their tokens for many holders.
What happens if there is a bullish market and the exchange wants to benefit from it? Thankfully, the payout setup at Coin Planet does not trap users into any long-term agreements but offers complete flexibility to them.
There is a fixed program for users interested in long-term investments. There are high APYs or interests and cryptocurrency back schemes for members in higher levels of Coin Planet’s membership scheme. Users can enjoy them while swapping their tokens.
Besides these advantages for token holders, Coin Planet offers liquidity to a broader cryptocurrency market. It is currently bridged to over 80 crypto brokers and crypto exchanges with more than $180 million in digital assets under the Coin Planet management.
Is Coin Planet Legit?
Coin Planet is a secure and top cryptocurrency exchange where all user assets are safely stored in separate cold storage. Compared to spot trading, derivatives trading does not precisely involve the crypto asset, but it is a financial contract evaluated on the speculative future value of a particular crypto asset.
Moreover, Coin Planet is a legit exchange because the company is registered, recognized, and certified. It operates in Singapore with a leading Liquidity Provider License issued in Singapore and a valid Crypto License (Crypto License Numbers – 305855091) issued in Lithuania.
All users who deposit a sum of $10,000 or more are required to undergo the mandatory KYC verification process, which is a necessary step for protecting client information and funds and regulatory compliance. All in all, Coin Planet is a safe and legit platform for crypto lending and swapping.
Key Features of Coin Planet
Coin Planet provides liquidity to cryptocurrency trading exchanges of all kinds globally. It allows the platform to offer unbeatable transaction rates available in the market. The platform does not charge any extra fees. Like all crypto transactions, users need to pay mining fees, a sum, or a fee to the mining network.
Freedom to Invest
Coin Planet users enjoy unlimited freedom while managing their investments with no deposit or withdrawal limits and little to no transaction fees. Although there is no maximum deposit limit, users must note that a deposit amount of $10,000 or more requires a mandatory KYC verification.
24/7 Customer Service
When it comes to financial decisions, matters can be pretty sensitive and worrying as people invest vast sums of money. For this reason, Coin Planet prioritizes customer security by providing 24×7 customer support to ensure complete peace of mind for all its users. Customer queries are efficiently resolved through email, live chat, and voice support.
Coin Planet offers dedicated account managers who are always on their toes to provide the best financial and crypto-related services for Platinum and Gold users. The customer support team ensures that every user experiences seamless crypto journeys at Coin Planet.
Coin Planet’s Smart Dashboard
It is a smart wallet designed by Coin Planet’s development team to provide all users a seamless crypto investment experience. It is integrated with several crypto assets and a fixed or flexible lending program. The platform allows users easy and instant access to receive compounding yields. The platform has also designed an intelligent dashboard to calculate the yields of all users’ crypto assets, making it extremely easy for them to manage their portfolios under one roof.
Best for Crypto Holders
One of the most significant philosophies related to cryptocurrencies concerns the empowerment of every crypto token holder. Several steps adopted by platforms attempt to achieve this goal. Coin Planet gives its users many opportunities to earn passively by holding crypto tokens. While users wait for the market to change, they enjoy several advantages of holding crypto coins whether or not they trade them.
Products Offered by Coin Planet – You Will Find them Hard to Resist!
Coin Planet offers 14 EARN+ cryptocurrencies that focus on providing daily yield payouts, flexible and high rates, and other returns from membership tiers. Users can start earning yields on crypto-assets by following the three straightforward steps mentioned below:-
- Register at Coin Planet to create an account.
- Deposit any EARN+ supported crypto asset and transfer it to the Coin Planet wallet.
- Start earning high yields daily.
The features of Coin Planet EARN+ are:-
- No lock-in periods
- No minimum deposit limits
- Compounding yields
- Flexible earning
- Daily payouts at competitive interests or APYs
Coin Planet also offers 312 SWAP+ matching pairs that allow users to enjoy complete flexibility and take control of their crypto investments. Token holders can swap crypto assets with multiple SWAP+ pairs at zero gas fee.
There is no denying that the crypto market is moving faster than ever. Coin Planet provides a convenient and safe way of swapping cryptocurrencies through several blockchain-powered networks such as BTC, ERC-20, TRC-20, and BSB. To start swapping at Coin Planet, follow the easy steps mentioned below:-
- Register at Coin Planet to create an account.
- Deposit any supported crypto asset into the Flexi wallet at Coin Planet.
- Choose an exchange pair to execute the swapping.
- Check the Flexi wallet, as the transaction will be reflected there once it is cleared.
- Withdraw recent Swap+ into any other crypto wallet.
The lending program at Coin Planet includes the Flexi and Fixed lending programs.
The Flexi program at Coin Planet instantly identifies user deposits as liquidity crypto tokens. The system recognizes the crypto assets as their liquid pool and calculates the yields based on real-time market rates. It pays out daily yields added to the principal amount. With time, compounded returns are accumulated, and the user’s assets gradually grow for as long as they maintain their investments. There is no virtual lock-in period, and users have complete control over their assets. The features of the Flexi Lending Program at Coin Planet are:-
- The Flexi rates are highly volatile and fluctuate regularly.
- The yields from Flexi are paid out every day.
- There is no lock-in period.
- The Flexi program is mainly designed for short-term investors.
The Fixed lending program allows users to maximize their gains through high-yield rates. The rates can be locked down for 30, 60, and 90 days. The Coin Planet system releases the returns to the users best cryptocurrency wallet every day to allow them to reinvest their assets till that contract matures.
The Fixed program requires crypto tokens to be fully locked in for the entire tenure. In case of an early withdrawal, a part of the returns gained from the program is deducted. The contract does not automatically renew itself after every tenure.
The following are the features of the Fixed lending program at Coin Planet:-
- The lock-in rates are pretty high.
- Users with the Fixed lending program can maximize their gains through high yielding rates.
- The returns are released every day to crypto wallets.
- The Flexi program is mainly designed for mid and long-term investors.
Are You a Crypto Lover? Coin Planet Gives You the Power of Passive Income!
Crypto enthusiasts are already familiar with holding and buying crypto tokens based on market shifts. It has been a standard way of earning money through crypto holdings. However, as the digital industry evolved, earning additional money from crypto investments changed, shifting more towards earning passive income.
Crypto holders at exchanges like Coin Planet can now invest their money to generate more in the future. Coin Planet has marked its presence as a DeFi cryptocurrency lending platform and is currently making waves in the digital world. It has introduced a new way of generating passive income for its users. They have to deposit their token money at Coin Planet, which will be lent to other users.
The lending program awards Coin Planet token holders with interests or APYs that eventually get added to their principal amount. Instead of keeping user crypto assets idle at Coin Planet, there is now a way to generate passive income. The digital market has never been more robust, and this means consumers get additional opportunities to reap crypto rewards from making investments at exchanges like Coin Planet.
Coin Planet Review: Pros and Cons
|Attractive and beginner-friendly user interface.||Not popular among global crypto users.|
|Multiple crypto lending pairs supported.||Inadequate Coin Planet reviews or user feedback available.|
|Swap coins at zero gas fees.|
|No minimum or maximum deposit and withdrawal limits.|
|Both flexible and fixed lending programs offered.|
Coin Planet Fees
Coin Planet is a transparent DeFi lending platform that does not charge additional trading fees. Users at Coin Planet can earn passive income and swap their crypto assets at zero gas fees. However, it is essential to note that users need to pay a certain fee to the mining network, as applicable to every other crypto transaction.
Coin Planet Payment Methods
Making deposits at Coin Planet has become easier than ever! The platform currently supports 14 crypto tokens, each of which has a unique wallet address that can be transferred using specific networks.
Once the user has decided which crypto token to transfer, they can make instant deposits into the Coin Planet wallet by following the steps mentioned below:-
- Log in or sign up at Coin Planet to create an account.
- Navigate to the Deposit option situated on the dashboard.
- Click on the drop-down menu and choose a preferred token wallet to deposit. It is vital to choose the correct token wallet for depositing funds. Selecting the wrong wallet will lead to a permanent loss of client funds.
- Copy the wallet ID or scan the given QR code and paste it into the correct crypto wallet where the funds are transferred. Note that every transaction requires the network’s confirmation. All deposits are most likely to be processed within 5 to 30 minutes.
Coin Planet does not apply minimum or maximum limits to the deposit amounts. Nevertheless, users must consider the fees charged by mining networks while depositing funds at Coin Planet. Users who deposit more than $10,000 need to fulfill mandatory KYC verification.
Making withdrawals at Coin Planet is as easy as the deposit process. Users have complete control over their crypto assets at Coin Planet. However, they must check the network fees by using the network fee estimator on the official website before withdrawing funds.
To withdraw funds from Coin Planet, follow the simple steps mentioned below:-
- Log in at Coin Planet.
- Navigate to the Withdrawal option on the dashboard.
- Click on the drop-down menu and choose a preferred token to be withdrawn.
- Enter the correct withdrawal ID.
- Type remarks as a record for the transaction.
- Enter the number of tokens to be withdrawn.
- Select Next to receive the withdrawal link via email.
- Click on the withdrawal link to reject or approve the transaction.
- Wait as the withdrawal process is initiated. It takes about 5 to 30 minutes to complete. Note that there are no minimum or maximum daily limits for making withdrawals at Coin Planet.
Coin Planet Supported Cryptos & Networks
Coin Planet supports the following cryptocurrencies:-
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Binance Coin (BNB)
- Chainlink (LINK)
- Polygon (MATIC)
- Filecoin (FIL)
- Bitcoin Cash (BCH)
- Tron (TRX)
- Tether USD (USDT)
- USD Coin (USDC)
- Cardano (ADA)
- Shiba Inu (SHIB)
- Stellar (XLM)
Coin Planet supports the following networks:-
Coin Planet Security Measures
Coin Planet gives utmost priority to the security of user information and funds. It is a registered firm operating with two licenses (Crypto License and Liquidity Provider License) in Lithuania and Singapore. All user funds are safely stored in cold storage, and the website is protected by encryption protocol and various other security measures.
However, it is the sole responsibility of their users to protect their personal data along with Coin Planet, as no method of electronic storage guarantees 100% security.
Coin Planet Customer Support
Coin Planet offers well-trained and dedicated customer care support that provides the most efficient solutions. Customers with concerns or queries can contact the support team through the live chat support available 24×7 by navigating to the chat button right at the bottom of the page.
Customers can also submit their queries through a ticket in the space available on the support page. They have to provide their name and email address, followed by their query. They may also connect with the support team via email at support@coin–planet. com.
Apart from these channels, the resources available at Coin Planet are worth mentioning. A rich user guide and a valuable FAQ section answer the frequently asked questions by customers.
Coin Planet Review: Here’s our Verdict!
To sum up this Coin Planet review, the platform offers an excellent opportunity to its users for easy earning and swapping of crypto assets at zero gas fees and no deposit or withdrawal limits. The Coin Planet website is highly beginner-friendly, with easy navigation and an attractive layout.
Users can earn and swap from 326 currency pairs available on the platform and enjoy an additional 2.50% on SWAP+ Cryptoback and lending. Although it is a relatively new platform, it has excellent potential to become a leading decentralized finance (DeFi) lending exchange that enables users to be a part of the massive crypto network.
Is Coin Planet Safe & Legal?
Yes, Coin Planet is safe and legal with a crypto license under Lithuania and a liquidity provider license under Singapore.
How Long Does Coin Planet Take for Payout?
Withdrawals at Coin Planet take about 5 to 30 minutes to process, depending on the network.
What Is Coin Planet Used For?
Coin Planet is used for earning passive income and swapping currency pairs at zero gas fees.
What Is the Daily Withdrawal Limit for Coin Planet?
There is no minimum or maximum daily withdrawal limits at Coin Planet.