COSS Overview for Newbies: A Thorough Assessment

COSS.io COSS, short for \"Crypto One-stop Solution,\" is an innovative take on crypto exchanges, offering features well beyond what's typical. COSS acts not only as a platform for exchange but also as a merchant payment gateway, a micro crypto ecosystem, and an ERC20 token on the Ethereum network that distributes a slice of its exchange fees to holders. cryptocurrency exchange Essentially, COSS is striving to be a catch-all platform. It's tailored for merchants, enabling them to manage their online businesses through COSS by accepting crypto payments and seamlessly integrating crypto-to-fiat conversions.

Based in Singapore, COSS has deep-rooted connections to Romania, making it almost equally linked to both nations. Many employees hail from Romania, and the company is recognized by Romania's Chamber of Commerce and Industry, yet it’s also actively involved in Singapore's vibrant blockchain community through membership in ACCESS. Plus, they maintain a New York branch.

About The Company

While the legal credentials of COSS point to its credibility, the fact remains that it's not under the auspices of any regulatory body as of now. This could be considered a standard characteristic in the ever-evolving world of cryptocurrency.

Notable team members include:

• Co-founder Dan Cearnau
• Team coordinator Ioana Frincu
• Tech officer Iulian Oprea

Launched in Spring 2017, following a triumphant ICO, COSS is currently in its beta phase, indicating room for enhancements and evolution.

Being the new kid on the block has its perks. COSS hasn't faced a breach, likely due to its nascency, but it also comes unencumbered by the issues faced by larger exchanges.

Now that the basics are laid out, let's explore COSS more intricately.

Signing up on the COSS platform is as uncomplicated as logging into most services you've encountered over the years.

Visit COSS

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COSS Signup & Login

Signing up for the COSS.io You'll need to choose a user ID, enter your email, and create a strong password. After these quick steps, agree to the terms and tick the captcha box to move forward.

Post-submission, expect a verification email from COSS.io confirming account creation and prompting email confirmation. Click through the link provided to verify your account.

Returning to the platform, you'll need to log in for the first time and will be advised to set up two-factor authentication for extra security.

The COSS user interface is visually appealing. The exchange currently facilitates trading pairs involving Bitcoin (BTC) and Ethereum (ETH) with over 30 well-known cryptocurrencies, continually expanding its offerings. It supports both popular privacy-centric coins like Dash (DASH) and trending ERC20 tokens such as OmiseGo (OMG).

Trading on the COSS Exchange

If margin trading is your thing, unfortunately, you’ll have to look elsewhere; there are currently no plans for such features on COSS.

To begin trading, deposit cryptocurrency as fiat options aren't available yet.

The platform is accessible via the COSS GO app or any browser, with software functionalities in line with the broader crypto exchange arena. It's not groundbreaking but sufficient for user needs.

COSS's charts might feel a bit elementary compared to its competitors like Bittrex, which might deter advanced traders keen on sophisticated tools.

As COSS matures from its beta phase, liquidity does pose a challenge compared to more established exchanges. Yet, this situation is likely to change as the platform grows.

In the future, COSS aims to allow fiat-to-crypto transactions, but this isn't on the immediate horizon. For now, dealing is limited to crypto deposits and withdrawals.

Initially, the trading cap for basic accounts was set at $2,000 USD daily but has since increased to $100k across all account types until new KYC protocols are introduced. Afterwards, basic users can apply for account upgrades via their dashboard.

The COSS wallet provides standard security features like two-factor authentication, cold storage, and email verification — benefits common to most reputable exchanges.

COSS Wallet

Additionally, the COSS wallet simplifies currency trading without the typical delays faced on decentralized platforms.

With ambitions to become a merchant-targeted payment gateway, COSS allows businesses to embrace cryptocurrency payments in an efficient and transparent manner. Changelly and Shapeshift As it’s still in beta, more wallet functionalities are anticipated including KYC process streamlining, remittance services, and token exchanges. like Coinbase allows now .

Withdrawal procedures are straightforward; they involve two email verifications. The first acknowledges the transaction request, and the second confirms it, initiating the process.

If you change your mind before confirming the email link, you can cancel the withdrawal.

COSS Withdrawals

To track your withdrawal progress, go to your account's \"History\" via the \"Deposits & Withdrawals\" section.

If the transaction hasn't been approved, it will display as \"Withdrawal (pending user confirmation).\" Otherwise, it will read as \"Withdrawal (processed),\" signaling that your funds are on their way.

It's crucial to be aware of slower withdrawal times on COSS compared to other exchanges. However, COSS prioritizes security over speed, assuring users that their funds are secure — even if transactions take 10-30 minutes for most ERC20 tokens and 1-3 hours for BTC.

Furthermore, COSS opens its doors for Initial Coin Offerings (ICOs), providing a pioneering model that makes ICOs more accessible to everyday investors.

Approved projects can host their ICOs on COSS and subsequently have their tokens listed, offering a pathway to legitimacy and liquidity.

Listing involves submitting a request on their website, furnishing a legal opinion to their email, and paying a 200,000 COSS token fee, though this amount can be negotiated.

ICO Listings

Hosting an ICO on COSS also enrolls new tokens in its PROMO program, an initiative rewarding the top 50 traders with profits.

The PROMO campaign has amassed over $500k, with rewards distributed among top traders.

It's a bit concerning that transaction fee specifics aren't overtly available on the site — some users report fees around 0.20%, though unconfirmed.

1. Besides trades, withdrawals also incur fees that vary by currency, detailed in a popup on the user's profile.
2. COSS debuted its ICO in August 2017, and its token, based on the Ethereum network, rewards holders with dividends related to exchange fees.
3. This model is gaining traction, and dividend tokens have surged recently. Holders have not only received dividends but benefited from increasing token values.

A Comprehensive Guide for Newcomers: Review of COSS in 2019 - Is It Trustworthy?

Considering the COSS Cryptocurrency Exchange? Check Out Our Detailed Guide First to Grasp Essential Insights.

• Top 10 traders split 30% of the pool
• Next 10 split 25%
• Next 10 split 20%
• Next 10 split 15%
• Next 10 split 10%

COSS Fees

Newcomer's Handbook: Thorough Analysis of COSS

Known as the 'Crypto One-stop Solution,' this platform stands out from standard crypto exchanges by offering more than just trading features. It also acts as a merchant payment gateway, a small-scale crypto economy, and utilizes an Ethereum-based ERC20 token that shares exchange fees with its holders.

COSS Coin

In essence, COSS aims to be all-encompassing. Merchants can adapt their online stores to the COSS system, enabling them to accept digital currency payments and maintain accurate records in addition to offering crypto-to-fiat exchange options. MyEtherWallet , for example.

As for the organization, COSS operates out of its headquarters in Singapore, though it has a significant Romanian influence, essentially making it a blend of both countries. Many team members hail from Romania, and the company is registered with Romania's Chamber of Commerce and Industry. Additionally, COSS is part of Singapore's leading blockchain association ACCESS and maintains a branch in New York. Binance’s and KuCoin’s So, although COSS has a legitimate foundation—evidenced by its legal documentation—it's important to remember that it currently operates without regulatory oversight. This factor remains a typical challenge within the world of cryptocurrencies.

This platform saw the light of day in spring 2017 post a successful ICO campaign. Being in the beta stage, COSS still has room to expand and work out any existing issues.

A plus point of being a fresh entrant? COSS hasn't experienced hacking incidents, a testament to its novelty. Thus, it lacks the problematic history of more established exchanges.

COSS Customer Support

With preliminary discussions covered, let's delve deeper.

Registering on the exchange is a simple task resembling any other online sign-up routine you've likely encountered.

What’s To Come For COSS

You choose a username, enter your email, and set a strong password. After ticking the terms and conditions box and completing the CAPTCHA, you're set to proceed.

Upon submitting, you’ll receive a verification email from COSS.io, stating your account is created and instructing you to verify via email. Click the link in the email for veracity.

Upon returning to the exchange post-verification, log in for the first time. Promptly setting up two-factor authentication is advised.

The user interface is polished and visually appealing. COSS facilitates trading of Bitcoin (BTC) and Ether (ETH) paired with over 30 widely traded cryptocurrencies, constantly expanding its crypto selection. Heavyweights like Dash (DASH) and OmiseGo (OMG) feature prominently.

For those interested in margin trading, COSS may not be the choice as it doesn’t support such options, with no foreseeable plans to introduce them.

Conclusion

Bear in mind, to start trading on COSS, you'll need to deposit cryptocurrency since it doesn't currently support fiat payments.

The COSS trading interface, accessible via web browsers or the COSS GO app, upholds a unique aesthetic but remains functional and familiar to those in the crypto sphere.