COSS Exchange Review

Standing for “Crypto One-Stop Solution”, COSS aims to gather all the features that a cryptocurrency investor might need under a single platform. Launched in 2017, the exchange prides itself on its transparency, speed, and security. Alongside being a trading platform, COSS boasts other features such as “a platform for ICO launches and promotional trading campaigns.” Though it is based in Singapore, an exchange review reveals that the exchange has multiple ties with Romania, the biggest one being that it is a member of the country’s Chamber of Commerce and Industry. It is also a member of the Singapore Fintech Association (SFA).

Users can trade in no less than 54 different cryptocurrencies, involving the most popular ones such as Bitcoin, Ethereum, COSS, Dash, Omisego, etc. Trading in altcoins is also available. The platform does not differentiate between trading fees for “takers” and “makers”, meaning it has a “flat fee”. COSS has a flat fee of 0.20%. Average fees in the industry goes as high as 25%, which gives COSS a slight competitive edge due to its relatively low fees. COSS also charges a withdrawal fee of 0.001 BTC, which is quite close to the global industry average. Fiat-crypto trading is not available on this platform, meaning that new cryptocurrency investors looking to trade on COSS will have to utilize another exchange first. This could deter new cryptocurrency investors from using the platform.

The platform supports a multi-lingual interface, as it offers translations in 8 different languages such as Arabic, Chinese, Vietnamese, Turkish, Spanish, Korean and Bahasa. Such options are extensive enough for almost everyone around the world to be able to navigate the website with ease. The website is designed simply, making it practical and convenient to use.

COSS delivers on its promise of being transparent, as its website dedicates a separate page on information about the team behind the exchange. The page contains links to the team’s LinkedIn profiles, through which users can learn more about their background and expertise in the area.

There have not been any major incidents concerning security or incidents of hacking, however keeping in mind the fact that the exchange was only launched in 2017, this does not mean that the platform is completely secure. Users should approach exchanges that are relatively new with caution.