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CoinsBank was founded by Ronny Boesing in 2013. The exchange has its headquarters in Edinburg, Scotland. CoinsBank allows trading of cryptocurrencies like Bitcoin (BTC), Litecoin (LTC) and fiat currencies like USD, GBP, and EUR. The exchange is licensed to provide its services globally. The trading platform has a simple interface with convenient communication and interaction tool. It is easy to monitor the real-time data and manage orders. One of the advantages of the exchange is that it provides mobile apps for Android and iOS. Also, for trading on the exchange’s platform, no submission of documents is required. While there are other exchanges providing leveraged trading, CoinsBank does not support leverage trading. The exchange charges flat fee of 0.5% per trade irrespective of whether the user is a market taker or market maker. CoinsBank supports Bitcoin and Litecoin transfers, bank wire (SEPA) and many other e-payment systems such as Perfect money, EPay, OKPay, and QIWI. Deposits in LTC and BTC are free of cost, and the withdrawals are charged with 0.5% fee. Withdrawals through bank wire are charged 1%, and deposits are free of cost. The exchange offers CoinsBank debit card issued by Wave Crest which has three-level daily ATM withdrawal limits. As CoinsBank supports many currencies and various payment methods, it is certainly a good exchange to start trading.
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