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Crypto exchange Coins.ph recently announced the availability of Coins Pro, its order book crypto trading platform, to all of its users. Previously, Coins Pro was only available by invitation.
What is an Order Book Exchange:
An order book crypto trading platform is a type of crypto exchange wherein when the user buys a cryptocurrency, there is also a user on the seller side of the trade, organized by price level.
This is different from the main Coins.ph app where effectively the buyer or seller trades crypto at a price already set by Coins.ph itself.
Is Coins Pro available for everyone?
Coins.ph clarified that any user of the app can already create a Coins Pro account. The maximum taker fee per trade is at 0.3% and can go as low as 0.05%, while higher trading limits will be granted to Coins Pro users with verified accounts.
What cryptocurrencies are available in Coins Pro:
According to Coins.ph, the following tokens will be available in Coins Pro exchange, and users have access to PHP trading pairs:
How can users deposit to Coins Pro
Any user can deposit directly into their Coins Pro account by transferring funds from their Coins.ph account.
However , Coins Pro and Coins.ph accounts are still separate accounts, the firm clarified.
Coins Pro Limits and Fees
- Maximum Trading Limit – Unlimited
- Balance Limit – Unlimited
- Deposit Limits – Unlimited
The amount of money the user can withdraw will depend on their verification level:
- Level 1 | Email and Mobile – No withdrawals allowed
- Level 2 | ID + Selfie – ₱250,000 per month
- Level 3 | Address – ₱500,000 per day, ₱15 million per month
- Custom Level – greater than ₱500,000 per day
- Business | Business verification – Determined on a per client basis.
Cashing in and out of Coins.PH will still count towards the user’s Coins.ph account limits.
What Chart Styles are available?
1. Candlestick (Default style)
2. Hollow Candles
4. Heikin Ashi
This article is published on BitPinas: How to Use Coins Pro Exchange by Coins.ph
Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.