Coinhako review

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Coinhako is a cryptocurrency exchange platform known for being one of the easiest platforms for trading digital assets in Singapore and Asia.

 

Background Information About Coinhako

 

Based in Singapore, Coinhako is a leading cryptocurrency trading platform that aims to offer more convenience, better prices, and stronger security services. It was founded by Gerry Eng, Yusho Liu in 2014. 

 

Yusho Liu is the CEO at Coinhako, who oversees the corporate strategy, investor relations as well as business development and expansion of the company.

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How to open an account at Coinhako From Singapore?

 

To invest, trade, and store cryptocurrencies on Coinhako from Singapore, you need to get registered. Here’s how to do it:

 

Step 1: Visit the official website of Coinhako, and click on the “Sign up Free” button present in the right top corner of the page. On clicking on the “Sign up Free” button, you’ll be redirected to the registration page, where you have to fill in your full name, email address and create a password. Additionally, you can also enter any referral code, which is optional.

Step 2: Next, you need to read the user agreement and privacy policy of the company and accept it, and click on the “Sign up” button.

Step 3: After this, you will now receive a verification email from Coinhako. Open your email inbox and click on the “Verify Email” link in the email you received from Coinhako to verify your email address.

 

After completing the above steps, you need to verify your Coinhako account.

 

How to verify your Coinhako account in Singapore?

 

To start with the verification process on the Coinhako website, log in to your Coinhako account and click on your name on the upper right corner of the screen. Next, you have to choose the “Identity Verification” option from the drop-down menu.

 

If you want to verify your account on the Coinhako mobile app, you should select “Settings” on the bottom right of your screen.

 

  1. Verification of phone number

To verify your phone number, choose your country of residence and enter your phone number. You will receive a 6-digit code via SMS to confirm your number. After receiving the code, you have to enter the 6 digit code, and click submit, before proceeding to the next step.

 

  1. Verifying identity

To complete this step, you have to take a photo of your government-issued identity card. Some accepted documents for Singapore citizens include NRIC, 11B, government service card.

You have to click a photo of your identity document (both the front and backside) and then follow the instructions displayed on the screen to guide you along the way.

 

  1. Complete the Questionnaire

Now you have to complete a simple and straightforward questionnaire that will include profiling questions.

 

  1. Submitting address proof

At last, you have to submit documents as proof of your residence that you are currently residing in Singapore. For this process, you can use any recent utility bill, such as an electricity bill.

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How can Singapore residents fund their Coinhako account?

 

  1. Bank transfers

If you are a resident of Singapore, you can make a direct SGD deposit from a Singapore bank account to your Coinhako account. The deposits are cleared daily at 10 am and 4 pm and may not take more than one business day to get reflected in your Coinhako account.

 

  1. Card Payments

You can buy cryptocurrency directly with a card instantly on Coinhako and get quick access to the market.

 

  1. Xfers Direct Charge

With this option, you can fund your Coinhako wallet directly and get full access to supported cryptocurrencies.

 

  1. USD Stablecoin deposits

Coinhako allows you to fund your Coinhako USD wallet and also gives you access to USD Trading by allowing you to deposit USDT/USDC, which will automatically be converted to US dollars.

Free quently asked questions

1Is Coinhako secured?

Coinhako is a safe platform and takes a comprehensive approach to protect your investments. Most of the customer funds are swept and forwarded to cold storage accounts, and in turn, the cold storage funds are stored in hardware wallets and vaulted in a highly secure location.

2How long does it take for Coinhako to settle inter-bank withdrawals?

The inter-bank withdrawals from a Coinhako wallet may take up to 3-5 business days to be processed and credited to your bank account.

3Are there any fees on buying, selling, and swapping cryptocurrencies on Coinhako?

Yes, Coinhako charges a 1.0% fee for every transaction to buy, sell or swap cryptocurrencies.