Overview of Coinhub Exchange
Launched in July 2021, Coinhub is a cryptocurrency exchange primarily serving Asian markets, with a dominant 80% market share in Mongolia. While operational globally, users are advised to comply with local cryptocurrency regulations. The platform mandates KYC verification using government-issued IDs to enhance security and prevent illicit activities like money laundering.
Supported Markets and Trading Pairs
- Primary Market: Mongolian Tugrik (MNT) exclusively.
- 29+ Trading Pairs: Includes major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Ripple (XRP).
- Trading Options: Spot trading only; no margin or leverage support.
Fee Structure and Deposits
| Transaction Type | Fee Rate |
|---|---|
| Maker Trades | 0.20% |
| Taker Trades | 0.25% |
| BTC Withdrawal | 0.0008 BTC |
| MNT Withdrawal | 1% fee |
Deposit Policies:
- Minimums: 0.0002 BTC or 0.005 ETH.
- No Fees: Free deposits for both fiat and cryptocurrencies.
CHB Utility Token
Coinhub’s native token, CHB, offers:
- Staking Rewards: Up to 12% APY for CHB holders.
- Weekly Bonuses: Additional rewards without staking requirements.
- USDT Staking: Earn up to 10% annual yield.
👉 Explore CHB staking opportunities
Leadership and Security
- Founder: Battulga Otgonbaatar, a DeFi advocate and former Khan Bank executive.
- Team: Multidisciplinary experts backed by international advisors.
- Insurance: $30 million coverage against systemic risks, exceeding the platform’s $1.3 million daily trading volume.
Corporate Responsibility
Coinhub partners with ed-tech startups to promote financial literacy among children, aligning with its community-focused initiatives.
FAQs
Q: Is Coinhub available worldwide?
A: Yes, but users must verify local cryptocurrency laws.
Q: What are the withdrawal limits?
A: No maximum limits; minimums apply (e.g., 0.0002 BTC).
Q: How does CHB staking work?
A: Stake CHB tokens to earn up to 12% APY or receive weekly bonuses passively.