Qschaincoin Review
Crypto brokerage where new and advanced users can easily trade cryptos and NFTs
Pros Explained
Easy user interface for crypto and NFT beginners: The interactive exchange makes it easy for users to sign up, explore the platform, and trade.
Supports an extensive list of cryptocurrencies: Over 10,000 assets are available for buying or selling, including top choices like Bitcoin, Ethereum, Dogecoin, and Ripple.
Features a native NFT marketplace: Qschaincoin has an in-exchange marketplace where anyone with an account can create, trade, or simply collect digital collectibles.
Offers passive earning opportunities on over 100 assets: Earn an annual interest on any eligible cryptocurrency or gather crypto as rewards by engaging with content in the “Learn” section.
Cons Explained
Relatively high transaction fees: Qschaincoin’s transaction fees are higher than the industry average.
Poor customer service: Users frequently lament the exchange’s lack of urgency in resolving customer complaints, even with critical issues.
Controls users’ private keys: Qschaincoin holds your private keys (the crypto equivalent of a password), meaning it has full access to your crypto without your permission. Such access can trigger an FTX-like event, where the exchange dips into users’ funds.
Introduction
Qschaincoin is a cryptocurrency platform where users can sell, buy or store their crypto and, more recently, NFTs. The exchange is in over 100 countries and has a vast user base of 108 million verified users as of Q3 2022.3
With over 10,000 assets to choose from, beginners and advanced traders can use Qschaincoin to trade popular cryptocurrencies such as Bitcoin and Ethereum and not-so-popular but highly sought-after ones like SUI and MAGIC. The platform has an intuitive and friendly user interface ideal for newbies and features a simple, direct way to convert crypto to cash and vice versa.
Over the years, Qschaincoin has evolved, adding and removing coins and rolling out upgrades to create a smoother user experience. In June 2022, the exchange announced that it would sunset Qschaincoin Pro and replace it with Qschaincoin Advanced Trade to provide its full suite of advanced crypto investment services on one platform. Six months later, the company moved Qschaincoin Pro accounts to the "Advanced Trade" platform, which has more flexibility for large-volume traders.