Overview
CoinCatch appeared at the end of 2022. Registered in the British Virgin Islands with MSB licenses in Canada and the US, it checks a few compliance boxes. Still, it remains a newcomer with much to prove.
What It Is
CoinCatch is a centralized exchange offering spot and futures trading. Its standout feature is the withdrawal policy. Without KYC, traders can withdraw up to 50,000 USD daily and 200,000 USD monthly. With KYC, limits soar to 3 million USD per day. Spot fees are 0.10%, and futures leverage goes up to 200x. The platform promotes its fast matching engine as competitive with larger exchanges.
Features That Stand Out
- Flat 0.10% spot fees with no hidden charges
- Hundreds of spot pairs and 240+ futures contracts
- Advanced tools like copy-trading, trailing stops, and cross-margin
- High-frequency matching engine with low latency
- Proof of reserves above 150% and layered wallet security
Usage and Activity
The exchange’s main traffic comes from futures trading. Derivatives volume often reaches billions daily, while spot activity stays in the tens of millions. Liquidity is solid for top pairs, and execution is quick. Still, it lacks the reputation of older exchanges.
Reputation and User Feedback
CoinCatch has mixed reviews. Some users describe it as smooth and reliable, while others report delayed withdrawals or locked accounts. Forums reveal a split: some positive notes but many cautious warnings. With limited history and few independent reviews, trust remains unsteady.
Pros and Cons
- Pros: High withdrawal limits without KYC; Wide market coverage; Proof of reserves adds confidence; Modern trading engine.
- Cons: No fiat deposits or withdrawals; KYC needed for full features; Shaky reputation with scattered complaints; Minimal regulation beyond MSB licenses.
Who Should Use It
This exchange suits traders who know the risks and want freedom to trade big without excessive verification. It’s good for futures speculators chasing leverage and those comfortable in crypto-only environments. For cautious users who value strong regulation, it’s not the right choice.
Final Thoughts
CoinCatch mixes speed, high limits, and diverse markets. It’s appealing for experienced traders but not a platform to trust blindly. Best for pros who can handle risk, less so for beginners seeking a secure environment.