Reviews Tutorials

4 Things You Probably didn’t Know about CoinCola

October 11, 2019


4 Things You Probably didn’t Know about CoinCola

The launch of CoinCola for IOS and Android has plunged CoinCola’s adoption headlong into yet another level of adoption by CoinCola Users and vendors. The simple design of an escrow and exchange platform packed into an app gave rise to an all new user experience never seen in the escrow market in the crypto space. Not only does the app allow users to buy and sell cryptocurrencies, it also allows users from across the globe to trade gift cards for bitcoin. 

Today we want to highlight 6 things within CoinCola app that you probably might know exist for users to use. 

1.In-app Trading tools

Many traders on CoinCola are still not aware of the different market analysis tools available on CoinCola. These tools let’s expert traders with good technical and fundamental analysis skill to scan through the market charts for potential buy in points or sell out points. The tools include:

  • MACD: this is an abbreviation for moving average convergence/ is a trading indicator used in technical analysis. 
  • SAR: short for Stop And Reversal, its a trading indicator mainly used by traders to determine the future short-term momentum of a given asset. The indicator was developed by the famous technician J. Welles Wilder Jr. 
  • BOLL: otherwise known as Bollinger Bands, this indicator is used to characterize the prices and volatility of a crypto asset over time. 

Note: you can learn more about trading in CoinCola Academy. 

2.Ability to trade worldwide without borders :CoinCola app is not just restricted to Nigerian users. A Nigerian user can actually easily trade with anyone from any part of the world, as long as both parties have a good terms of trades. The popular way Nigerians trade cryptocurrency with the Chinese citizen is with gift cards. Click here to learn how to buy cryptocurrencies with gift cards. 

3.Internal transfers are free: yes, you read that right. As a CoinCola user, you can transfer cryptocurrency to another CoinCola user for free. Check here for guide. 

4.Had its first meet-up in Nigeria: did you know that the first ever CoinCola meet-up held in Lagos Nigeria? The meet-up marked the beginning of CoinCola’s long term plans to serving the Nigerian cryptocurrency community. Read more about the meet-up here