We don't make you go through hoops to withdraw your assets.
We don't scam you with high withdrawal fees. Excluding ERC-20, withdrawals cost just $1 each.
Our platform is reliable and doesn't freeze or lag. Stop losses work 100% of the time. No system overloads.
We don't make you wait for days, just to hit you with a canned reply, or some useless, bot-generated answer.
We may have some shady bucket shop promotions from time to time, but we don't spam you with them.
Our app doesn't ask for your location on every launch. Data collection is limited to the bare minimum.
Start trading on Coincabin in 3 simple steps
If you don't want to create an account just yet, you can try out the testnet.
A Coincabin account can be funded with stablecoins (USDC, USDT, BUSD, DAI).
You can start trading as soon as your deposit has been confirmed on the blockchain.
Platform statistics for the previous 24 hours.
Demo accounts do not require any personal information.
Live accounts require a valid email address. You may, optionally, set a password as well. If you choose not to set a password, your email address will be used to validate your logins.
For a demo account, nothing.
For a real account, you will need one of the following stablecoins:
The stablecoin can be on any of the following networks/blockchains:
- Ethereum ERC20
- BSC BEP20
Minimum deposit: 0.1 USD.
Minimum withdrawal: 1 USD.
Immediately upon signing up, you will receive your own personal deposit address. You can fund your Coincabin account by sending stablecoins (USDC,BUSD,USDT,DAI) to this address. Coincabin supports a variety of stablecoins and networks.
Currently, Coincabin does not impose any trading or withdrawal limits.
Coincabin stores more than 99% of customer funds in geographically distributed multisignature cold wallets. Read more about Coincabin's security measures here.
Yes. Coincabin is also available as an Android app. Download it here.
Coincabin for iOS is coming in Q4 2022.
Your capital requirements are highly dependent on your own personal needs, risk aversity and trading experience. We recommend that you start out with a small amount of capital, and focus on percentage gains at first. Once you have nailed down your strategy, you can always add more capital.
Leveraged trading can be highly risky in markets that are as volatile as crypto. We always recommend that you start out with a very conservative amount of leverage. Once you know the approximate daily return, daily drawdown and maximum exposure of your trading strategy, you can slowly increase your leverage. The Kelly Criterion can sometimes prove useful in determining the optimal amount of leverage to use.
For long positions, the profit/loss (P/L) is calculated as follows:
P/L (Long) = (Exit Price - Entry Price) * Position Size
For short positions, the profit/loss (P/L) is calculated as follows:
P/L (Short) = (Entry Price - Exit Price) * Position Size
The Entry Price of your position is calculated by taking the volume weighted average fill price (VWAP fill price) of the orders that increased the size of your position. The formula is as follows:
Entry Price = Position Size / ((Qty_1/Price_1)+(Qty_2/Price_2)...+(Qty_n/Price_n))
where Qty_n is the quantity of your n'th order and Price_n is the price of your n'th order.
If you are long, only buy orders contribute to your Average Entry Price. Sell orders can be ignored in this case.
If you are short, only sell orders contribute to your Average Entry Price. Buy orders can be ignored in this case.
You place an order to go long $20,000 worth of BTC at a price of 10,000. Your order gets filled, and a new long position is opened.
The Average Entry Price of this position is now:
(Position Size / (Qty_1/Price_1)) = (20,000/(20,000/10,000)) = 10,000.
You then place another order to go long $40,000 at a price of 12,000. The Average Entry Price is now:
(Position Size / (Qty_1/Price_1)+(Qty_2/Price_2)) = (60,000/(20,000/10,000)+(40,000/12,000)) = 11,250.
The futures contracts available on Coincabin are all perpetual. They never expire, and there is no settlement. You can keep your position for as long as you want. A mechanism called Funding keeps the price of the contract aligned to the spot price of the underlying asset.
Funding is an hourly exchange of money between longs and shorts. The purpose of this exchange is to keep the price of the contract aligned with the spot price of the underlying. The amount exchanged is determined by the Funding Rate. If the Funding Rate is positive, the contract is trading at a premium to spot, and longs pay shorts. If the Funding Rate is negative, the contract is trading at a discount to spot, and shorts pay longs.
The Funding Rate determines the amount to be exchanged between longs and shorts during each funding period. If the Funding Rate is 0.1% at the end of a funding period, longs pay 0.1% of their position size to shorts. If the Funding Rate is -0.1%, shorts pay 0.1% of their position size to longs.
Funding slightly changes the payoff matrix of market participants in the futures market. If the Funding Rate is significantly positive for a sustained amount of time (as seen during the peak of bull runs), shorts may end up being profitable in spite of the price of Bitcoin going up. The trading P&L on long positions would need to appreciate by an amount equal to the total amount of funding paid in order for longs to break even in this scenario. A funding rate that is far away from zero opens up unique arbitrage opportunities, such as Spot Futures Arbitrage and Cross Exchange Funding Arbitrage.
The Mark Price is a manipulation-resistant price that Coincabin uses in order to minimize the impact of market manipulation and prevent unnecessary liquidations.
The Index Price is an average of a collection of prices from the top 10 spot exchanges:
The pricing data used for the calculation of the Coincabin Index Price, and the Coincabin Mark Price, is derived from ten of the world's top spot exchanges. The data is fully transparent, and can be seen in real-time here.
The formulas used for the calculation of the Coincabin Mark Price and Coincabin Index Price can be found in our References.
Absolutely. There are no restrictions on VPN usage.
Click here to see the full specification for the BTC/USD contract.
Coincabin accounts can be secured with Two Factor Authentication (2FA), withdrawal limits, IP pinning and device whitelisting. For the best security, we recommend that you enable TOTP-based Two Factor Authentication, add a withdrawal limit and only whitelist your own trusted devices.
You should also ensure that the access to your email address is properly locked down with a strong password and Two Factor Authentication.
Coincabin does not charge any fees on liquidations. If your position is liquidated, it will be closed out incrementally, until your Maintenance Margin satisfies the Minimum Maintenance Margin requirements for the contract you are trading. In the vast majority of liquidations, only 10% of your position size will need to be closed out. Once this is done, your position exits liquidation. Note: Incremental liquidation is not available for positions that are below 0.1 BTC in size. Positions that are below 0.1 BTC in size are liquidated in full, at their bankrupcty price.
Coincabin automatically converts stablecoin deposits (USDC, USDT, BUSD, DAI) into USD at time of deposit. At time of withdrawal, the USD is converted back to stablecoin.
This frees the user from any stablecoin-related risks while he is trading on Coincabin.
Coincabin currently supports the following networks/blockchains:
- Binance Smart Chain (BSC)
Coincabin currently supports the following stablecoins:
- USD Coin (USDC)
- Tether (USDT)
- Binance USD (BUSD)
- Multi-collateral DAI (DAI)