TransferXO and CoinCola are excellent cryptocurrency platforms offering a wide range of services and features. However, some key differences between them may make one platform more suitable for your needs.
If you’re looking for a platform with a wider range of trading pairs and payment options, TransferXO may be the better option for you.
On the other hand, if you prioritize a more modern and colorful interface and are comfortable with a slightly higher trading fee, CoinCola may be the better choice.
Regardless of which platform you choose, always remember to prioritize security and do your own research before making any investments.
We’ve done the research for you; just make the selection.
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To be more familiar with Crypto Debit Card, read through – How to Get a Crypto Debit Card on TransferXO
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Is TransferXO Better Than CoinCola?
TransferXO and CoinCola are both great crypto exchange platform. Despite the reasons we gave for TransferXO and CoinCola being great crypto exchange, certain restrictions might make you think otherwise.
CoinCola may not be for you if you’re a well-known trader who deals in multiple crypto pairs because you can only access six. But you can achieve great things with TransferXO with its many crypto pairs.
Both platforms stand out in terms of security. However, despite the security measures that CoinCola has put in place, you may still be at risk of scams on the P2P trading platform.
Hence, we’ll advise you choose TransferXO with stronger KYC and security measures.
Thanks to its positive online user reviews, TransferXO has a good reputation in the cryptocurrency market.q As of now, the exchange has received more positive ratings than bad ones, which is very standard for all businesses. The app has an overall rating of 3.8 out of 5 on the Google Play store.
Here is a detailed review of both TransferXO and CoinCola. Ensure you understand what you and we hope you choose wisely!
Read Also Our Review of TransferXO vs Paxful: Is TransferXO Better Than Paxful?
TransferXO vs CoinCola: Overview of Both Exchanges
TransferXO Overview
TransferXO is a peer-to-peer cryptocurrency exchange that allows Africans to take advantage of compound interest by making blockchain use more widespread on the continent.
Users of TransferXO’s online trading platform can buy and sell Bitcoin and other cryptocurrencies.
This portal provides Ghanaians, Kenyans, and Nigerians with an easy-to-use Bitcoin exchange facility. Additionally, it has a fiat currency conversion feature known as the TransferXO Fiat Wallet that enables trading in both fiat and cryptocurrency.
The exchange offers welcoming and advantageous circumstances for trading operations. 12 trading pairs are available for traders to use. The seven most popular cryptocurrencies are Bitcoin, Ethereum, Tether USDT, Bitcoin Cash, Ripple, Tron TRX, and Litecoin.
It has established itself as one of the best sites to purchase or sell Bitcoin and is generally regarded as a leading player in the cryptocurrency market.
TransferXO, one of the more recent exchanges, has established a reputation for being a stable and user-friendly platform.
CoinCola Overview
CoinCola is a cryptocurrency exchange that was first launched in the financial sector in 2014. Throughout this time, the project has caught the interest of numerous users worldwide and is still actively developing.
The service’s user interface is provided in four different languages, and the corporation concentrates on the global market.
Additionally, users have access to a “Gift card trade” section where they can buy Bitcoin with any gift card or buy a card. You may discover gift cards for Google Play, iTunes, Amazon, and more services here. The exchange furthermore provides 50x leveraged margin trading in addition to everything else.
The platform’s lack of a Russian-language version is a drawback that may cause issues for traders from the CIS nations. The organization is governed from the company’s headquarters in Hong Kong.
Read Also Our Review of TransferXO vs Coinbase: Is TransferXO Better Than Coinbase?
TransferXO vs CoinCola: Pros and Cons
TransferXO Pros and Cons
Pros
- User-Friendly User Interface: TransferXO has an easy-to-use user interface that makes trading and buying cryptocurrency for users simple.
- Security: With the use of cutting-edge security technology, TransferXO protects user accounts and financial transactions.
- No charges: Because there are no transaction fees with TransferXO, it is a more affordable option for those looking to buy or sell cryptocurrencies.
- Excellent Security: Since the security of your finances is important to TransferXO, it uses cutting-edge security technologies to safeguard your valuables.
- Quick Transactions: The TransferXO platform was designed for speed and efficiency, making trading easy.
- Excellent Customer Support: The TransferXO customer support staff is available 24/7 to help you with any questions or issues.
Cons
- Less Variety in Payment Methods: TransferXO only accepts bank transfers, which may be cumbersome for some users who prefer other payment methods.
- Limited Cryptocurrency Support: TransferXO offers fewer cryptocurrency trading options than other exchanges, which may result in fewer options for customers. That explains it; they are new. Undoubtedly, the platform will support a wider range of cryptocurrencies in the ensuing years.
CoinCola Pros and Cons
Pros:
- User-friendly interface: With CoinCola, you don’t have to be a tech expert to buy and sell cryptocurrencies. Their intuitive platform makes it easy for anyone to navigate and trade with ease.
- Multiple payment options: They understand that everyone has different payment preferences. That’s why they support a wide range of payment options to cater to your needs. You can choose to pay via bank transfer, credit/debit cards, or even gift cards.
- Competitive fees: CoinCola offers some of the lowest transaction fees in the market. This means that you get to keep more of your earnings and maximize your profits.
- Secure transactions: CoinCola prioritizes the safety and security of its users’ funds. With CoinCola, you can trade with peace of mind, knowing that your transactions are protected by the latest security protocols.
Cons:
- Limited cryptocurrencies: Although CoinCola supports popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, they do not offer as many options as some of its competitors. However, they are constantly adding new coins to their platform to expand their offering.
Read Also Our Review of TransferXO vs Binance: Is TransferXO Better Than Binance?
TransferXO vs CoinCola: Features and Comparison
TransferXO Features
The company’s mission statement is to offer people quick, secure, and confidential services.
“Blockchain can be ABC – Accessible, Basic, Convenient.”
Employing an escrow service guarantees security because the money is held in escrow until all parties involved have approved the payment. This reduces the likelihood of fraud and fraud carried out through the site.
When registering on the platform, security is maximized by involving KYC or ID verification procedures in general. Keep in mind that as this is a P2P trading platform, some individuals might still need to verify their identities before making a transaction. Security is very much essential to traders these days.
Additionally, they provide a rewarding referral program that enables you to profit from your friends joining the platform as liquidity providers.
The range of payment options is the most crucial component compared to all the previously discussed features. LocalCoinSwap supports all payment methods that can be securely supervised through its escrow process.
Finally, to become the first community-owned cryptocurrency exchange in the world, TransferXO is willing to share 100% of the proceeds from trading fees with the community because it believes in decentralization.
CoinCola Features
One of the swiftest and easiest-to-use cryptocurrency trading exchanges is CoinCola. The platform’s operational modes are a web page and an app that can be downloaded from the app store.
Any crypto coin on the list can be bought and sold using gift cards, online wallets, and bank transfers. The exchange supports six trading pairs: BTC/USDT, ETH/USDT, LTC/USDT, EOS/USDT, BCH/USDT, and XRP/USDT. The most popular crypto coins listed on the exchange are BTC, ETH, USDT, EOS, BCH, LTC, DASH, and XRP.
Traders from all over the world can connect and conduct transactions on the peer-to-peer exchange CoinCola.
When you, as a buyer or seller, discover an offer that best meets your needs, you get in touch with the other party to continue discussing the specifics of the trade.
Don’t worry about trust; CoinCola confirms the legitimacy of every merchant on the site, and the escrow system adds an additional layer of protection.
TransferXO vs CoinCola Feature Comparison
| Feature | TransferXO | CoinCola |
| User Interface | User-friendly interface, easy to navigate and use. | Easy to navigate and use. |
| Supported Currencies | Supports over 10 cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin. | Supports Bitcoin and a few other cryptocurrencies. |
| Fees | Low fees for buying and selling cryptocurrencies. | Fees vary depending on the payment method and currency. |
| Payment Methods | Accepts credit cards, bank transfers, Paypal, and cryptocurrency payments. | Accepts various payment methods, including gift cards, PayPal, and bank transfers. |
| Security | 2-Factor Authentication, SSL encryption, and Cold Storage. | Government approved ID |
| Customer Support | 24/7 customer support via chat, phone, or email. | 24/7 customer support via email. |
| Mobile App | Available for both iOS and Android. | Mobile App is available |
Read Also Our Review of TransferXO vs Remitano: Is TransferXO Better Than Remitano?
TransferXO vs CoinCola: Basic Products
Bill Payment
The online tool TransferXO Bill Payment allows you to handle all of your bill payments in one place. In addition to your credit card, you can use TransferXO to pay your phone, internet, utility, and other bills.
Thanks to its agreements with several billers and merchants, TransferXO enables you to pay bills to the majority of American companies.
How to Use TransferXO for Bill Payment:
How to pay your bills with TransferXO is as follows:
Step 1: Specify the payment method and total amount due before submitting a payment request.
Step 2: TransferXO calculates the value of the bill payment in bitcoin using the current exchange rate.
Step 3: The user studies the cryptocurrency equivalent displayed by the exchange and confirms the payment to approve the transaction.
In step 4, TransferXO transfers the appropriate cryptocurrency to the company that handles your bill payments or to a third-party payment processor, who completes the transaction on your behalf. Then, an email confirmation is sent.
P2P Exchange
TransferXO P2P Exchange provides a decentralized, peer-to-peer platform for bitcoin trading without the involvement of middlemen or centralized institutions. This increases the security of your trades and offers a wider range of trading pairings and lower fees.
On the decentralized TransferXO P2P Exchange platform, you can conduct direct cryptocurrency exchanges with other users.
This is how TransferXO P2P Exchange works:
Join TransferXO’s P2P Exchange: The first step is creating an account on the platform. You must provide some basic information, including your name and email address.
Fund Your Account: After you’ve created an account, money must be deposited into your TransferXO wallet. Payment methods include bank transfers, credit/debit cards, and cryptocurrency.
Find a deal: As soon as you have money in your wallet, you can start looking for bargains. On TransferXO P2P Exchange, there are several trading pairs accessible, so you can choose one that suits your needs.
After finding the deal you want to make, select the “Buy” or “Sell” option to begin the trade. The other user will be informed of this and given the option to approve or disapprove the transaction.
Finish the trade: If the other user accepts the trade, you can close the deal. TransferXO P2P Exchange offers an escrow service, which holds the funds until the transaction is complete. After both parties confirm that the transaction is complete, the funds are released.
Read Also Our Review of TransferXO vs NairaEx: Is TransferXO Better Than NairaEx?
TransferXO Virtual Card: Crypto Debit Card
The TransferXO Virtual Card – Crypto Debit Cards are digital debit cards that may be purchased anywhere that accepts Visa or Mastercard.
In contrast to typical debit cards, these cards are not linked to a bank account. Users can spend their digital currencies exactly like they would fiat money because they are linked to a cryptocurrency wallet.
Getting a TransferXO Crypto Debit Card is simple.
Follow these procedures to get a debit card for cryptocurrencies:
Step 1: The first step is to register for a TransferXO account. Your personal information must be provided, and your identification must be verified.
Step 2: The next action is to make a larger financial contribution. You can transfer money from a cryptocurrency wallet, link a bank account, or use a credit or debit card to make purchases.
Step 3: After making a deposit, you’ll get a debit card that you may use to conduct online transactions. This card has a number, an expiration date, and a security code.
Step 4: Your cryptocurrency debit card can be used to pay bills and make online purchases, just like a standard debit card.
Your virtual card is now ready to be used for purchases and money transfers to other accounts.
Over-the-Counter (OTC)
TransferXO Over-the-Counter (OTC) works by connecting buyers and sellers of cryptocurrencies. The platform ensures that transactions are completed effectively and securely by serving as a middleman. Users can buy or sell cryptocurrencies directly from other users without the assistance of a middleman.
To help traders make informed decisions, the platform also provides real-time market information and data.
The following describes how the TransferXO Over-the-Counter (OTC) service works:
Step 1: Complete the OTC form with the necessary information. Orders can be placed to purchase or sell cryptocurrencies on the exchange.
Step 2: After an order is submitted, the exchange will match the buyer and seller.
Read Also Our Review of TransferXO vs Quidax: Is TransferXO Better Than Quidax?
TransferXO vs CoinCola: Fees
TransferXO Fees
On TransferXO, there is a 0.75% fee for each buy and sell order. This pricing is significantly lower than the 1% to 2% industry standard.
The trading charge for buying and selling cryptocurrencies on TransferXO is 0.75%. But it’s important to keep in mind that many cryptocurrency exchanges charge higher fees.
There won’t be any charges for deposits made via bank account transfers. There are no additional fees for debit card transactions or withdrawals from bank accounts.
TransferXO is a good option for traders and investors because it doesn’t impose fees for deposits or withdrawals. While Bitcoin withdrawal fees are based on the current network load, cryptocurrency deposits are free.
The cost structure for trading at TransferXO is one of the least complicated we’ve seen.
CoinCola Fees
Most traders will find CoinCola to be a decent option because of its reasonably low trading fees. There are no fees associated with making deposits on the exchange or moving assets between OTC and exchange accounts.
Posting an ad and buying or selling cryptocurrency through an existing ad on CoinCola is free.
However, if the advertisement is a buying or selling ad, he will be required to pay a trading fee of 0.7% of the total transaction amount after the deal is closed.
The exchange market’s trading charge is 0.1%, and the BTC withdrawal fee is roughly 0.0004BTC. On the Coincola fees page, you can read more about other coins’ outstanding withdrawal fees.
Read Also Our Review of TransferXO vs Yellow Card: Is TransferXO Better Than Yellow Card?
TransferXO vs CoinCola: Buy & Sell Crypto
Buy & Sell Crypto on TransferXO
How to Buy Crypto on TransferXO
Follow these steps to purchase cryptocurrencies on TransferXO:
Create an Account: The first step is to open a TransferXO account. It is important to create a password, name, and email address. You will get a confirmation email after your account has been created. To validate your account, click the link in the email.
Verify Your Identity: To buy Bitcoin on TransferXO, you must first authenticate your identity. To finish this regular process, you must enter your name, address, and birthdate. A picture of your government-issued ID is also required.
Add Money to Your Account: After verifying your account, you must add money to it. Bank transfers are just a small portion of the payment methods that TransferXO accepts.
Buy Cryptocurrency: You can now purchase cryptocurrency with the funds in your account. You may use cryptocurrencies like Bitcoin, Ethereum, Litecoin, and others using TransferXO. Prior to making a purchase, decide which cryptocurrency and how much money you want to spend. After carefully reviewing your transaction details, click the Buy button.
Once you have purchased Bitcoin, store it safely in a Fiat wallet. In addition to using TransferXO’s built-in wallet, you can move your Bitcoin to an external wallet. To safeguard your crypto, keep your private keys in a secure location.
How to Sell Crypto on TransferXO
On TransferXO, selling cryptocurrency is a quick and simple process. The steps are as follows:
Making an Account: The first step in selling cryptocurrencies on TransferXO is to create an account. If you already have an account, go to the next step. To create an account, click “Sign Up” on the TransferXO website. Adhere to the directions and supply the needed data.
Verify Your Identity: After creating your account, you must first authenticate your identity. Because TransferXO is a regulated exchange, this step is essential. You must submit a piece of government-issued identification and enter some personal information to prove your identity.
Add Money to Your Account: Before you can sell Bitcoin, you must add funds to your TransferXO account. TransferXO allows a variety of payment options, including bank transfers, credit/debit cards, and cryptocurrencies. After depositing funds to your account, select the payment option that works best for you.
Select the coin you wish to sell: After depositing into your account, choose whatever cryptocurrency you want to sell. TransferXO supports Bitcoin, Ethereum, Litecoin, and other cryptocurrencies. From the list of offered cryptocurrencies, pick the one you want.
Choose the quantity you wish to sell: After choosing the cryptocurrency, you must choose the selling price. You can input the amount in either local currency or a cryptocurrency.
Place the sell order: After deciding on a price, the last step is to place the order. After carefully reading the details of the transaction, click “Sell” when you’re ready to make your order. TransferXO will find a buyer and carry out the transaction on your behalf when you place the order.
Learn More on How to Buy Bitcoin With Debit Card On TransferXO
Buy & Sell Crypto on CoinCola
To get started on CoinCola, you first need to create an account. This can be easily done by visiting their website and clicking on the “Sign Up” button. Once you have created your account, you can log in and start exploring the platform.
Before you can start trading on CoinCola, you will need to verify your account. This is to ensure the safety and security of all users on the platform. To verify your account, you will need to provide some personal information, including your name, address, and government-issued ID.
Once your account has been verified, you can start buying and selling crypto.
Buying Crypto on CoinCola
To buy crypto on CoinCola, you first need to fund your account. You can do this by clicking on the “Deposit” button and selecting your preferred payment method. CoinCola supports various payment methods, including bank transfers, credit cards, and online payment systems.
Once your account has been funded, you can start buying crypto. CoinCola offers a wide range of cryptocurrencies to choose from, including Bitcoin, Ethereum, Litecoin, and many more.
To buy crypto, simply select the cryptocurrency you want to buy and enter the amount. CoinCola will automatically calculate the exchange rate and the total cost of your purchase.
Selling Crypto on CoinCola
Selling crypto on CoinCola is just as easy as buying it. To sell crypto, simply select the cryptocurrency you want to sell and enter the amount. CoinCola will automatically calculate the exchange rate and the total amount you will receive.
Once you have confirmed the details of your sale, the funds will be transferred to your CoinCola account. From there, you can withdraw the funds to your bank account or any other payment method you prefer.
TransferXO vs CoinCola: Security and Trustworthiness
TransferXO Security and Trustworthiness
For all transactions made on the site, TransferXO offers escrow protection. It follows that you do not need to be afraid to make a payment to an unidentified counterparty in the hopes that they will honor their promises.
In this situation, TransferXO acts as a mediator that both sides may rely on. If both parties are happy with the trade, the money is only released from escrow protection.
In order to strengthen the account’s security, the platform additionally employs multi-factor authentication, including KYC and government identification.
Depending on your preference, you must confirm your actions using email, phone, or Google Authenticator if you want to withdraw money from the platform or release money from escrow.
95% of the cryptocurrency money is kept offline in cold storage by TransferXO. All outgoing transactions are manually carried out from cold wallets that are constantly watched over by the support team.
To ensure the strictest adherence to trade regulations, transactions must receive the firm directors’ approval when exceeding a specified amount of funds.
Since TransferXO is a peer-to-peer exchange, its service is heavily reliant on the traders who provide market liquidity.
The support team makes every attempt to remove individuals who do not complete their commitments as necessary, however, there may be dishonest players on the market.
However, to reduce your risk of being duped, use a trader with a solid reputation on the platform.
Read Also Our Review of TransferXO vs Changelly: Is TransferXO Better Than Changelly?
CoinCola Security and Trustworthiness
Given the escrow system on the platform, which holds the traders’ cryptocurrency until both parties are satisfied, CoinCola is an exchange that can boast of high security.
Additionally, the know-your-customer (KYC) policy aids in the identification and validation of users and the accuracy of their information, making it more difficult for users to misbehave on the platform.
Additionally, you can increase the security of your account to prevent unauthorized access. Two-factor authentication is what this is known as, and it can be done using a password, fingerprints, etc.
Users that utilize CoinCola can store their digital assets in safe offline storage to use as a cold wallet.
TransferXO vs CoinCola: Customer Support
TransferXO Customer Support
The website’s layout is simple, adjusts well to different screen sizes, offers a logical arrangement of options, and has a straightforward menu.
On TransferXO UI; the Help menu is highlighted.
The Help section contains a rather extensive FAQ, which is readily apparent. A 24/7 live chat feature and a help forum are additional tools for the user.
Although the forum appears to be quite active and threads there frequently receive responses, not all of the responses are necessarily helpful.
Regarding the chat, even though a tiny caption says that responses usually take 10 minutes, we tried using it and it took exactly 4-5 minutes before speaking with a customer service agent.
Some of the main characteristics of TransferXO Customer Support are listed below:
Constant Help
Customers can get assistance from TransferXO Customer Support at any time, day or night, seven days a week.
Multilingual Assistance
Customers may contact the staff at TransferXO Customer help more easily thanks to the company’s multilingual help in more than 50 languages.
Quick Reaction Time
With a speedy response time, TransferXO Customer Support works to have issues resolved as soon as possible.
Individualized Support
Customers receive individualized support from TransferXO Customer Support based on their unique needs and specifications.
CoinCola Customer Support
At CoinCola, they are committed to providing exceptional customer support services to all their valued clients. Their team of highly trained professionals is dedicated to ensuring that every customer query or issue is promptly and satisfactorily resolved.
With their 24/7 customer support services, prompt response times, expert technical support, user-friendly platform, and comprehensive FAQ section, they are confident that they provide the best customer support services in the cryptocurrency exchange industry.
Whether you have a technical issue or need assistance with any aspect of their platform, their team is always available to help.
TransferXO vs CoinCola: Unique Feature
TransferXO Academy
TransferXO Academy is the leading online blockchain and cryptocurrency education provider in Africa. They use blockchain technology to build their digital wealth and offer a platform for learning to 1 billion Africans.
You can enrol in one of the Advanced Courses offered by the TransferXO Academy to improve your understanding of blockchain.
You will be in command and receive the instruction you need to become an expert thanks to the Academy’s more than 100 certification programs. worldwide acceptance of credentials.
With TransferXO Academy, your educational journey is in your hands. After recording your progress, you can return at any time to finish your courses.
Take advantage of the opportunity to learn more about one of today’s most innovative technologies.
Fiat Wallet
You can have numerous Fiat Wallets loaded with money from Kenya, Ghana, and Nigeria using TransferXO’s special “Fiat Wallet” feature.
Purchasing bitcoins is typically done with fiat money. With the help of this creative TransferXO enhancement, you can keep cryptocurrencies on the platforms and in your TransferXO Fiat Wallet.
TransferXO vs CoinCola FAQs
Is TransferXO better than CoinCola for beginners?
Both TransferXO and CoinCola have user-friendly interfaces that make them ideal for beginners. However, TransferXO’s low fees and excellent customer support make it a better option for beginners.
Which platform has lower fees, TransferXO or CoinCola?
TransferXO has lower fees than CoinCola, making it a more affordable option for traders.
Is TransferXO more secure than CoinCola?
Both TransferXO and CoinCola have highly secure platforms that ensure the safety of users’ funds. However, TransferXO has more advanced security features, making it a safer option for traders.
Does TransferXO have a mobile app?
No, TransferXO does not have a mobile app yet. However, their website is optimized for mobile devices, making it easy for users to trade on their smartphones.
Which platform has faster transaction speeds, TransferXO or CoinCola?
Both TransferXO and CoinCola provide fast transaction speeds. However, TransferXO has an edge over CoinCola in this regard due to its advanced technology that ensures seamless transactions.
Which platform has better customer support, TransferXO or CoinCola?
TransferXO is known for its excellent customer support and is more responsive than CoinCola.
Final Verdict
If you’re looking for a fast and reliable cryptocurrency exchange, then TransferXO is the perfect choice for you. Many people ask whether TransferXO is better than CoinCola, and the answer is a resounding yes! Here’s why:
TransferXO is a cutting-edge cryptocurrency exchange platform that offers lightning-fast transaction times and industry-leading security features. With TransferXO, you can trade all of the most popular cryptocurrencies quickly and easily, without worrying about delays or security risks.
One of TransferXO’s biggest advantages is its user-friendly interface. Unlike other cryptocurrency exchanges, which can be complicated and confusing, TransferXO makes it easy to buy and sell digital assets with just a few clicks. Whether you’re a seasoned trader or a beginner, you’ll love how easy it is to use TransferXO.
Another benefit of TransferXO is its low fees. Unlike some other cryptocurrency exchanges that charge high fees for each transaction, TransferXO offers some of the lowest fees in the industry. That means you can trade more often and keep more of your profits.
But the real advantage of TransferXO is its customer service. Their team of experienced professionals is available 24/7 to help you with any issues or questions you might have. They pride themselves on providing exceptional customer support, and they’re always happy to help their customers succeed.
So if you’re looking for a fast, reliable, and user-friendly cryptocurrency exchange, look no further than TransferXO. Sign up today and start trading like a pro!
Don’t miss out on this opportunity to take your cryptocurrency trading to the next level. Join TransferXO now and start experiencing the benefits for yourself!