What Is Coinvest Token (COIN)?

coinvest logocoinvest logo

Coinvest is an American startup that is developing a suite of products and tools for crypto investors and traders. Their aim is to automate and simplify the investing and trading experience for users at all levels.

In this guide we will cover the following:

How Does Coinvest Work?

There are currently seven different products either publicly available or in development. We will take a brief look at each one.

CoinDNA

This is an interface that presents news, price data, and analytics to users. Right now it is free to use and is available for mobile. The main purpose behind the service is to educate users to make more informed investments and trades. Coinvest clearly sees this as a useful supplement to their trading and investment products.

Coinvest

This is Coinvests signature product, a wallet with a built-in trading market. The wallet itself is useful in that it means users can store their different crypto assets all in one place. However, it is the built-in market that offers the true value. The platform allows users to invest in multiple cryptocurrencies in one place. More impressive is the fact that users can create their own personalized index funds while only holding the COIN token. There is limited information right now on the exact mechanics of this.

Coinvest Plus

Coinvest Plus is an upgraded version of the Coinvest trading market. It offers an advanced trading platform for more sophisticated traders and investors. Currently, the exchange offers 14 different trading pairs and the ability to set limit and market orders. Instead of percentage-based fees like most other exchanges use, Coinvest Plus charges a flat $4.99 fee per trade. While this functionality currently offers little more than other exchanges, there are plans for several additional services, namely short selling, margin trading, futures contracts and options. There are still very few exchanges offering that level of functionality in the crypto industry so this certainly sets Coinvest Plus apart.

coinvest plusCoinvest Plus user interface

Both Coinvest and Coinvest Plus use a decentralized setup. Instead of the company having access to funds and storing them in a centralized location, the entire service is done via smart contracts, and funds are stored in escrow. For instance, whenever you close an investment or a trading position, the smart contract is deployed and allocates all appropriate funds to your wallet. This means that in theory, your funds should be safer from hackers and costs should fall as it does not require human oversight.

Coinvest Safe

This is a simplified, child-friendly software wallet. Unfortunately, it is not currently available. Given the often complex user-interface of ...

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