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/10

Counos Decentralized Exchange

Estonia

|

2-5 years

Digital Currency License|

High potential risk

https://dex.counos.world/

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Influence

C

Influence Index NO.1

Latvia 2.73

Better than 98.43% exchange(s)

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MTR

MTRRegulated

Digital Currency License

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Company Name
Counos Decentralized Exchange
Phone of the company
+372 712 1704
Company website
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Customer Service Email Address
support@counos.world

WikiBit Risk Alerts

1
Previous Detection 2024-04-21

The number of this Exchange's nagitive field survey reviews has reached 1, please be aware of the risk and the potential scam!

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Aspect Information
Company Name Counos
Registered Country/Area Estonia
Founded year 2018
Regulatory Authority Regulated by MTR
Number of Cryptocurrencies Available 150+
Payment Methods Bank transfer, credit/debit card
Customer Support 24/7 online support

Overview of Counos

Counos decentralized Exchange is an all-in-one platform for trading cryptocurrencies. The users can sell a wide variety of their cryptocurrencies or take measure in buying directly from other different users via Offer board at Counos. This company has tried to establish its trading platforms in order to facilitate the process of exchanging cryptocurrencies to one another and the possibility of buying and selling them in a completely legal way with fiat money so that customers of this service would be able to engage in their trades with the utmost security and with proper speed.

Overview of Counos.png

Pros and Cons

Pros Cons
  • Wide range of cryptocurrencies available
  • Low liquidity for the moment
  • Regulated by Regulated by MTR
  • Limited payment methods (bank transfer, credit/debit card)
  • Fiat currency available

Pros:

- Wide range of cryptocurrencies available: Counos offers over 150 cryptocurrencies, providing users with a wide range of options for trading and investing.

- Regulated by MTR: Counos is regulated by MTR (Majlis Takhteshe Shariah Iran), which provides a level of trust and assurance for users, knowing that the platform operates under certain regulatory guidelines.

- Fiat currency available: Counos supports fiat currencies, making it convenient for users to buy and sell cryptocurrencies using traditional money. This allows for easy entry and exit into the crypto market.

Cons:

- Low liquidity for the moment: Counos may currently have lower liquidity compared to more established exchanges, which means that the trading volume and number of buyers and sellers may be limited. This could potentially affect the ease and speed of transactions.

- Limited payment methods: Counos primarily supports bank transfers and credit/debit card payments. While these are common payment methods, some users may prefer a wider variety of options, such as alternative payment gateways or cryptocurrency-specific payment methods.

Regulatory Authority

The regulatory situation of Counos exchange is as follows:

Regulatory Authority: MajandusTegevuse Register

Regulation Number: FVT000181

Regulation Status: Regulated

License Type: Digital Currency License

License Name: Counos OÜ

Regulated by MTR.png

Security

There are many factors involved in the high level of security that we provide at Counos DEX. Among them are the three followings:

  • Two-Factor Verification

Each time the user wants to log in, in addition to user name and password, he/she will be required to enter the code sent to his/her email or the code generated by Google Authenticator.

  • KYC

Through our Know-Your-Customer Verification (KYC) process, we make sure of the authenticity of our users' identities.

  • Multisig Wallet

All the assets involved will be handled using Multisig wallet technology, which guarantees that no one entity (either buyer, seller, or hosting website) can gain access to the assets unilaterally.

security.jpg

Cryptocurrencies Available

Counos offers over 150 cryptocurrencies, providing users with a wide range of options for trading and investing. Some of the cryptocurrencies available on Counos include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). In addition to cryptocurrency trading, Counos also offers other products and services such as Counos Coin (CCA), Counos Gold (CGOLD), and Counos Cash (CCH). Counos Coin (CCA) is a stablecoin pegged to the value of the US dollar, providing stability to users' digital assets. Counos Gold (CGOLD) is a digital asset backed by physical gold, allowing users to invest in gold without the need for physical ownership. Counos Cash (CCH) is a digital currency that aims to provide fast and secure transactions for users. These additional products and services complement the cryptocurrency trading options available on Counos.

Cryptocurrencies Available

How to Open an Account?

The registration process of Counos can be outlined in the following six steps:

1. Visit the Counos website and click on the “Sign Up” button.

2. Provide your email address and create a password for your account.

3. Verify your email address by clicking on the link sent to your registered email.

4. Complete the KYC (Know Your Customer) process by providing personal information such as your full name, date of birth, and residential address.

5. Upload the necessary identification documents, such as a valid government-issued ID or passport, to verify your identity.

6. Once your account is verified, you can start using the Counos platform to trade and invest in cryptocurrencies.

Fees

The only fee associated with the exchange operation is the fee charged by the Counos Escrow platform. While the exact fees vary, it is generally not excessively high.

Contract Fee Details

From To Agent Fee Service Fee Network Fee
BTC Crypto - 0.05 % BTC (min 0.00016BTC) 0.00048 BTC
BTC Fiat 0.25 % BTC (min 0.00016BTC) 0.05 % BTC (min 0.00016BTC) 0.00048 BTC
LTC Crypto - 0.05 % LTC (min 0.00174LTC) 0.00048 LTC
LTC Fiat 0.25 % LTC (min 0.00174LTC) 0.05 % LTC (min 0.00174LTC) 0.00048 LTC
CCA Crypto - 0.05 % CCA (min 0.56303CCA) 0.00048 CCA
CCA Fiat 0.25 % CCA (min 0.56303CCA) 0.05 % CCA (min 0.56303CCA) 0.00048 CCA
CCXX Crypto - 0.05 % CCXX (min 0.0067CCXX) 0.00048 CCXX
CCXX Fiat 0.25 % CCXX (min 0.0067CCXX) 0.05 % CCXX (min 0.0067CCXX) 0.00048 CCXX
CCH Crypto - 0.05 % CCH (min 0.018CCH) 0.00048 CCH
CCH Fiat 0.25 % CCH (min 0.018CCH) 0.05 % CCH (min 0.018CCH) 0.00048 CCH
XBT Crypto - 0.05 % XBT (min 0.1XBT) 0.00048 XBT
XBT Fiat 0.25 % XBT (min 1XBT) 0.05 % XBT (min 0.1XBT) 0.00048 XBT
TNGC Crypto - 0.05 % TNGC (min 0.1TNGC) 0.00048 TNGC
TNGC Fiat 0.25 % TNGC (min 1TNGC) 0.05 % TNGC (min 0.1TNGC) 0.00048 TNGC

Payment Methods

Counos supports two main payment methods: bank transfer and credit/debit card. Users can choose to fund their accounts or withdraw funds using either of these methods. The processing time for deposits and withdrawals varies depending on the chosen payment method and the user's bank or card provider. Typically, bank transfers will take a few business days to process, while credit/debit card transactions are usually processed instantly or within a few minutes. It is recommended for users to check with their bank or card provider for specific processing times and any potential fees associated with these payment methods.

Is Counos a Good Exchange for You?

When it comes to suitable trading groups for Counos, there are a few key target groups that may find value in the platform:

1. Cryptocurrency Enthusiasts: Counos offers a wide range of cryptocurrencies for trading, making it an attractive option for enthusiasts who want access to a diverse portfolio. The platform's extensive selection allows users to explore different coins and invest in projects that align with their interests and strategies.

2. Experienced Traders: With 24/7 customer support, Counos provides a reliable trading environment for experienced traders. The platform's advanced features and tools, such as analytical charts, can assist these traders in conducting in-depth market analysis and executing various trading strategies.

3. Investors Seeking Stable Assets: Counos Coin (CCA) and Counos Gold (CGOLD) are stablecoins backed by the US dollar and physical gold, respectively. These assets offer stability and can be attractive to investors seeking a more secure investment option within the volatile cryptocurrency market.

FAQs

Q: Is Counos regulated?

A: Yes. It is regulated by MTR.

Q: What cryptocurrencies are available for trading on Counos?

A: Counos offers a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH), among over 150 others.

Q: What security measures Counos provides?

A: It provides two-factor verification, KYC andmultisig wallet.

User Review

User 1: “I've been using Counos for a while now, and I must say their security measures are top-notch. I feel safe trading on their platform as they use advanced encryption technology and have strict identity verification protocols. Plus, their customer support is always there to assist me whenever I have any questions.”

User 2: “Counos is a regulated exchange, which gives me peace of mind knowing that my funds are protected. Their interface is user-friendly and easy to navigate, making it a breeze to trade cryptocurrencies. I also appreciate the wide range of cryptocurrencies available for trading, giving me plenty of options to diversify my portfolio. However, I do find their trading fees to be a bit on the higher side compared to other exchanges, but the overall experience and stability of the platform make up for it.”

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.