CoinTiger

CoinTiger accepts clients from all over the world, including the UK, the United States, Australia, Canada, France, Germany, South Africa, Hong Kong, India, Norway, and Sweden. In order to protect users, all coins listed on CoinTiger must have a strong team with experience, community, technical support, token liquidity, and a plan for the future of the project.

The security of users' funds and personal information is guaranteed by multiple verification procedures and cooperation with top security institutions. Thus, CoinTiger has partnered with John Wick Security Lab for proper smart contract and wallet protection. Besides, it is regularly audited by independent companies while its clients have to pass the KYC verification after registering an account. Once verified, they must use two-factor authentication (2FA) to access their accounts. Otherwise, KYC is only required when a daily withdrawal request exceeds 2 BTC or unusual trade activities are detected.

CoinTiger services

The exchange offers a wide range of services from buying and trading cryptocurrencies to their launching and management backed by such products as Cointiger Rocket, Cointiger Labs, and Cointiger Pool.

Cointiger Rocket is an initial exchange offering (IEO) service used for launching blockchain projects.

CoinTiger Labs is an in-depth incubator dedicated to serving the full lifecycle of a blockchain project. It offers long-term partnering to blockchain entrepreneurs to help projects build profitable business models. Labs provide end-to-end service including consulting, strategic planning, funding, resource integration, token economy designing, listing on one of the leading crypto exchanges, liquidity management in the secondary market, post-listing service, etc.

The CoinTiger pool is a staking service based on a daily interest rate. Users can choose a lockup period of 30, 90, or 180 days and receive a 12-550% annual yield depending on the token stacked. In order to receive a reward, users must go through an identity verification (KYC) procedure.

The CoinTiger Cloud service for institutions helps to test acceptance and launch other exchanges at a low cost. Also, it’s wroth noting that CoinTiger is an entry-level exchange, so it allows direct cryptocurrency purchases with fiat currencies.

Instant crypto-fiat exchange service enables CoinTiger users to cash out USD into their bank accounts directly from the exchange. In particular, users can deposit CNY on the platform and exchange it directly for BitCNY or USDT, which can be further converted to USD using a real-time exchange rate.

The CoinTiger token

CoinTiger has implemented an equity mechanism with its native platform token TigerCash (TCH). Initially, TCH was launched on Ethereum. After the upgrade in June 2021, its smart contract started supporting three chains including Binance Smart Chain (BSC), Huobi Eco Chain (HECO), and Ethereum (ETH).

The maximum supply of TigerCash is limited to 1 billion coins. Since its launch, CoinTiger has bought 50 million TCH back from the secondary market and burnt them. Users can buy, sell, or trade TigerCash against BTC, BUSD, and USDT on PancakeSwap v2 and CoinTiger exchanges.

TCH benefits

Holding TCH provides users with some significant benefits. Thus, CoinTiger allocates 50% of its annual net profit to all TCH holders. Also, the Tiger Cash Equity Scheme launched by CoinTiger provides equity investment to TCH holders while users holding more than 1% of the total TCH are eligible to apply as CoinTiger shareholders. In addition, TCH holders have the right to participate in voting for listing activities i.e. select which token will be listed on the platform. Besides, they can benefit from post-listing airdrop campaigns.

CoinTiger fees

CoinTiger collects trading fees from makers and takers. Makers pay 0.08% and takers pay 0.15% in fees. Depositing is free. However, you are charged a 4.5% fee if you use a credit card. The minimum withdrawal quantity and fees vary by coin while the fee for fiat currency withdrawal is 3.5%. After KYC approval, users can withdraw up to 10 BTC daily.

The minimum deposit on the exchange is $1. The available payment methods for CNY deposits include Alipay, credit cards, WeChat Pay, and wire transfer. All other fiat currencies can only be uploaded via bank transfers.

CoinTiger security

In August 2019 the CoinTiger website security was breached and the hackers stole over 400 million Proton Tokens (PTTs) from the cold wallet of the platform. CoinTiger managed to stop the transaction of 280 million stolen PTTs and lock them up. However, 120 million PTT entered the market causing the price drop by almost 100%.

Small and medium investors have repurchased PTT coins in the secondary market in order to lock their positions and keep the currency price stable. Also, the Proton Chain team has repurchased 300 million PTT in the secondary market.

CoinTiger team and partners

The company is run by the team of developers from Singapore, South Korea, and China. Frank Ling is the founder of the exchange who worked as its director from July 2017 to December 2019.

Since its launch, the exchange has established multiple strategic partnerships. Its key partners include TCT, a decentralized real estate platform providing investment and management services, BCG, a globalized and transparent market-forecast platform, MockingBot, an online tool specializing in building mobile app wireframes and prototypes, CoinGecko, a cryptocurrency data aggregator, etc. Also, CoinTiger has partnered with John Wick Security Lab to ensure its security standards are strong enough. Besides, it is building an ecosystem together with BitShares, a decentralized exchange platform.