Koinal.ai Review

The online trading industry has grown tremendously over the past few years, but the services offered by trading firms have not. The majority of online trading companies have not expanded their service portfolios over time, preventing you from reaching your maximum potential.

Extreme Variety When Investing

In my Koinal AI review, it is essential that I first discuss the primary aspects of the Koinal.ai trading firm so that you can understand how you can personally benefit.

The platform believes in providing a high level of diversity, which is why it provides multiple options for selecting a trading asset, opening an account, and making deposits/withdrawals.

You will find that the Koinal.ai broker offers a variety of assets for trading. You have access to multiple trading instruments, including crypto trading, forex, equities, etc., when interacting with the company. Each instrument grants access to multiple trading assets that each market offers.

Then, you have access to the trading accounts arranged for your trading convenience by the Koinal AI trading firm. If you are new to the online trading market, you wouldn't want to be overwhelmed with instruments and functions.

When you are new to an industry, things must be simplified, not complicated, so that you can interact with them more easily. This is why the trading firm has compiled a list of trading accounts based on experience. The first few accounts are for traders at the beginner level, followed by those at the intermediate and expert levels. You may choose the account you believe to be the best fit.

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You can make deposits and withdrawals using bank wire, cryptocurrency wallet, and credit/debit cards. After requesting a withdrawal, you must be patient because it may take up to seven business days to process.

Safely conduct business and engage with a risk-free environment

You have access to a secure environment with the KoinalAI trading firm, which was achieved through the implementation and compliance of SSL Security and KYC/AML policies.

Through the use of SSL Security, Koinal.ai is able to encrypt all personal and financial transactions. The encryptions make it nearly impossible for intruders to access sensitive information.

The KYC and AML policies ensure that you continue to conduct business in an environment devoid of uncertainty. Compliance ensures that you trade in a risk-free, uncertain-free environment, but remember that compliance has nothing to do with the outcome of your transactions.

Brokerage Services, Cryptocurrency Support, and Payment Methods

Koinal is an online platform that facilitates the purchase and sale of cryptocurrencies, such as Avalanche (AVAX), Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP), as well as stablecoins such as Tether (USDT).

Koinal, with its headquarters in the United Kingdom, offers its services worldwide, with the exception of Argentina, Canada, India, the Philippines, Russia, South Africa, and the United States.

Users can deposit EUR via bank transfer, SEPA and GBP via bank transfer, or buy cryptocurrencies instantly with credit or debit cards.

Registration

To create an account, visit the homepage of Koinal and select 'Sign Up.'

To finish the registration procedure:

• Enter your email address and password twice, confirm that you are not a robot, and then select Register.
• Verify your email by visiting your inbox.
• To make a deposit, log in to your Koinal account and complete the verification process.

Without completing the verification procedure, you will be unable to make deposits or buy cryptocurrency using credit or debit cards.

To finish the verification procedure,

• Select Verification from the Account drop-down menu.
• Enter your name and address and then select Continue.
• Upload a copy of your driver's license, identification card, or passport.
• Take a selfie.
• Then, Koinal will evaluate your ID and send you an email once the evaluation is complete. It requires no more than three minutes.
• After your ID has been approved, navigate to the email notification and select Verify Address Now.
• Select the desired document type and upload your address document, taking note of the document requirements.
• Enter your address and select the Upload Document button.
• The process of address verification can take up to six hours. You will be notified by email.

After registering and completing the verification procedure, we advise you to enable two-factor authentication (2FA) to increase your account's security before making any deposits.

Post-Registration Payment

After registering and completing the verification procedure, you must deposit fiat currency in order to buy cryptocurrency.

Users can deposit funds by:

• Deposit EUR through a bank transfer, SEPA, or GBP and USD through a bank transfer.
• Buy cryptocurrency with a credit or debit card.

To deposit EUR, navigate to My Balance.

• Select the deposit currency and select the deposit button.
• Click the "deposit" icon after reviewing the necessary procedure information.
• Review your account information before proceeding with the bank transfer.
• Don't forget to include your reference ID in the description field of your bank transfer to ensure that the funds reach your Koinal account.
• Bank transfers can take up to seven business days, or three within the SEPA region.

After funding your Koinal account, you can start purchasing cryptocurrencies.

Assistance and Knowledge for Your Advantage

In my KoinalAI review, I will also discuss the support and knowledge access that the KoinalAI broker provides.

The Koinal AI broker's customer service agents are always available to assist you and answer your questions. You can communicate with them at any time and receive prompt responses to your questions. These individuals are reachable via conventional phone and email.

Social Media: Koinal also has a social media presence.

Facebook: Koinal.io – Home | Facebook

Instagram: https://www.instagram.com/koinal.io/

LinkedIn: https://www.linkedin.com/company/koinal-io/

Twitter: Koinal.io (@koinal_io) / Twitter

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Regarding knowledge, the broker desires that you acquire as much information and understanding as feasible regarding the online trading markets. To accomplish this, the broker has compiled educational content such as e-learnings, videos, a glossary, and more.

Koinal Platform Characteristics

Important characteristics of the Koinal platform include:

• The instantaneous purchase and sale of cryptocurrency in three simple stages.
• Koinal facilitates the global purchase and sale of cryptocurrencies.
• Once a user begins a transaction, Koinal pauses the cryptocurrency price for 60 seconds.
• Users can purchase cryptocurrencies using credit cards, debit cards, or bank transfers.
• Strong emphasis on security, with KYC requirements and 2FA available.
• Providing round-the-clock consumer service via Live Chat and bot.

Pros and Contras

Pros

• Crypto Offering: Koinal facilitates the purchase and sale of some of the largest cryptocurrencies by market capitalization.
• Customer Support: This is available 24/7 via Live Chat and a bot.
• Fiat Purchases and Withdrawals: Users can instantaneously purchase cryptocurrencies with credit and debit cards, and deposit EUR/GBP/USD via bank transfer. Additionally, users can withdraw EUR and GBP via bank transfer.
• Multi-Client Focus: Koinal provides services to both retail customers and corporate clients.
• KYC: Even though KYC is unregulated, Koinal requires users to complete the verification procedure in order to increase platform security.
• Security: Two-factor authentication provides an additional layer of security.
• Easy Registration: A straightforward registration and verification procedure.

Other positives include:

• Competitive Fee and Price Structure: Lower processing fees, with Koinal retaining its price for 60 seconds after a transaction has been initiated.
• Checkout Adoption: Koinal offers checkout services to over 52 partner exchanges, such as Huobi, Stormgain, and OKEx.

Cons

• No demo account. A responsive customer service team and an intuitive interface eliminate the need for a trial account.
• A limited selection of cryptocurrencies. Users have limited access to some of the largest cryptocurrencies by market capitalization.
• No referral program exists.
• Koinal does not support cryptocurrency deposits and withdrawals.

Is Koinal.ai Legit or a Scam?

Based on the trading features I mentioned in my review, such as the KYC-compliant environment, SSL encryption, and multiple trading options, I can say that this platform is legitimate. To determine the platform's credibility, you can also examine each service it provides in depth.

Koinal Video Review

Final Thoughts

Now that you're aware of what this trading firm has to offer, you can decide for yourself whether you'd prefer this one or another. It is recommended that you base your expectations of a trading platform on my review. This will facilitate your search for a trading platform.

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Koinal is an easy-to-use platform that gives consumers access to some of the largest cryptocurrencies by market cap.

Although unregulated, users must undergo Koinal's verification procedure in order to deposit funds, purchase and sell cryptocurrencies, and withdraw funds.

Koinal's value-added features and global presence give it a competitive advantage. Once a user initiates a transaction, Koinal freezes cryptocurrency prices for 60 seconds, and the Koinal Checkout feature is utilized by the primary cryptocurrency exchanges.

In conclusion, Koinal is the go-to platform for users seeking exposure to cryptocurrencies in a secure environment and external wallet storage.