COSS Coin is a cryptocurrency that has been developed for the mass market and is focused on providing payment and trading systems.
The associated COSS platform is intended to serve as a marketplace for fast, secure and straightforward transactions between users, as well as buyers and sellers.
COSS is backed by a market capitalization of USD 5-8 million of which USD 400-600k is invested in the cryptocurrency every day.
The price for a COSS Coin is 0.07 USD (as of 24.11.2017).
The currency is currently available on the COSS platform itself, as well as on the digital exchanges HitBTC and EtherDelta.
COSS Coin – The Cryptocurrency
COSS stands for “Crypto-One-Stop-Solution” and means that all the functions required in an economic system are combined in one “solution,” in this case, the COSS platform.
The COSS platform includes numerous features for both suppliers and consumers. For example, retailers can use COSS as a payment gateway.
This means that they can accept the currency as a means of payment in their shops, but also on their e-commerce websites by implementing COSS Scrypt.
All transactions on the part of the supplier and consumer are secured on the Ethereum Blockchain and can be checked at any time.
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The COSS platform also offers the possibility to exchange between Bitcoin, Veros Coin, Ethereum, Euro, US Dollar and Singapore dollars at any time and instantly.
The state-of-the-art security app, which uses 2FA and end-to-end encryption, among other things, enables the user to perform particularly secure transactions.
What makes COSS unique is that in an app, funds can be transferred from the trader platform to the wallet and the stock exchange.
COSS Token Swp, P2P remittance, and AML/KYC Advanced Screening are also currently under development.
COSS Coin – The Company
There are three co-founders of COSS. Dan Cearnau manages the technical aspects of the currency and the security of the information flow about the project.
Rune Evensen is a visionary and part of the COSS Support Team. Christopher Bridges is a Compliance Officer and has more than 27 years of experience as a lawyer and notary.
Check out our guide on the next big cryptocurrency.
However, the COSS team is tremendous and international.
Due to the nature and decentralization of the blockchain, developers work globally on the project.
The company’s base is located in Singapore, with additional offices in New York City and Bucharest.
The company’s vision is to make the cryptocurrency mass-capable by uniting all products and services related to crypto in one place, the COSS platform.
The company’s focus is on the one-stop solution. It wants to unite the needs of users on one platform.
Furthermore, an incentive is to be created for the users if they provide access to the platform for other users and dealers. COSS wants to expand its user network continuously.
COSS Coin is a cryptocurrency that is part of a platform designed to be a lucrative marketplace for traders and users.
One-stop “concept allows all users to monitor and control their financial flows in one place.
You can’t buy it directly for fiat on any exchange. You can choose the best bitcoin exchange for your region and buy BTC there, then trade it for COSS on exchanges. Learn here how you can instantly convert altcoins to bitcoin and vice versa.
Our recommendation is always check if Coinbase is available for your country and buy there – as it is by far the safest and best regulated bitcoin exchange. Coinbase is legit and safe cryptocurrency exchange.
If your country is not available on Coinbase – check for exchanges that are good Coinbase alternatives and buy BTC on one of those exchanges. You can always exchange your coins on Changelly (see our review of Changelly here), instantly and directly to BTC.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com