CoinBene Review 2023: Is CoinBene Safe To Use?
Thus, CoinBene offers robust, efficient, and reliable crypto exchange services to its clients along with a plethora of benefits, like low trading and withdrawal fees. The company is also trying to make its native token Coni popular among its users by providing attractive incentives like discounted trading fees. The trading page of CoinBene is similar to other leading cryptocurrency exchanges with the cryptocurrency pairs listed on the left side of the page. There are 3 columns dividing the total crypto pairs whether they include BTC, USDT, or ETH. Yet again, each column displays the respective coins in that pair, their values, and the percentage change.
- Established in 2017, it is believed to have a trading volume worth $60 million on a daily basis.
- They do not reflect any official governmental approval or regulatory compliance.
- CoinBene features an intuitive trading view with professional chart lines and trading tools that leads to a more comprehensive view and functionality of the platform.
- The official website is available in English, Chinese, Portuguese, Vietnamese and Malay languages.
- Their office address is located at No. 1 Coleman Street, The Adelphi, Singapore (179803).
- CoinBene has issued its own token, CONI, which offers incentives for holders.
However, some insiders suggest that the maintenance announcement is a cover for a large hack that might involve up to $40 million stolen. On CoinBene you can also participate in token sales which are also known as IEOs (initial exchange offerings). coinbene united states The latest IEO that was completed on CoinBene was PRIMPY, which ended 5 years ago. The most profitable token that launched on CoinBene is W12, which is currently trading at 0.01x higher than its token sale price (expressed in USD).
CoinBene Coni Token (CONI) Details
Additional security is also provided on the CoinBene platform with the use of Google Authenticator (2FA authentication), which can be downloaded both on a laptop or a mobile. Once activated, the Google Authenticator sends a code to the user’s device to verify that it is he who is trying to access the CoinBene account. To the right of the “buy and sell”, the current orders, for both buy and sell, are displayed. Each one is labeled as Ask1, Ask2, Bid1, Bid2, and so on, and also displays the asking price and quantity listed in separate columns. Directly below this, traders can view the most recent trades that they have completed with the given cryptocurrency pair, with the current orders placed by them immediately on its left.
CoinBene Exchange Additional Information
Most times, these hacker attacks lead to theft and loss of the crypto assets. CoinBene is a cryptocurrency exchange platform based out of Singapore, with active users from over 200 countries worldwide. The CoinBene exchange seems to be a very proactive and Biggest cryptocurrency exchange platform when it comes to its security. The exchange claims to have successfully prevented over 51% of cyber-attacks and brought in huge improvements in the overall security of the entire cryptocurrency ecosystem. There is an extensive list of cryptocurrency pairs on the CoinBene platform that includes leading currencies like USDT, ETH, or BTC. Users from over 200 countries across the world have registered accounts on the CoinBene platform which is available in multiple languages including English, Chinese, Vietnamese, Portuguese, Malay, Spanish, and Korean.
No, the US investors cannot use the CoinBene platform due to some regulatory stringencies existing in the nation that prevent crypto trading on CoinBene. The “Settings” button on the candlestick graph lets traders change the default style to bars, Heikin Ashi, hollow candles, line, or area charts. Traders can also adjust colors, wicks, borders, scale location, override minimum tick, backgrounds, and time zones. Another unique feature offered by CoinBene is the ‘Self-Service Listing model’ where interested projects or companies can complete their listing process on CoinBene themselves.
Clicking on them will automatically activate and verify their account on CoinBene. During signups, users provide their email and create a password. The first security step is to verify this email address entered.
Marlin (POND) Now Available on CoinBene
The platform has a dedicated section on the platform’s sidebar offering guidelines to the users on how to sign up on the platform. All these features render the CoinBene exchange user-friendly and thus allow it to gain a global standing in the crypto industry. Coinbene boldly writes that they are a secure and trustworthy cryptocurrency assets exchange. However, they did not state how they store the tokens or the security protocols they follow. Their official website “” is secured with 128bit encryption software.
They do not reflect any official governmental approval or regulatory compliance. There is also a dedicated FAQ section on the exchange website consisting of common queries raised by traders with their ready solutions. Finally, after completing all the steps, users will be able to begin trading on CoinBene. Please note that your feedback may be crucial for the user when choosing a product, so try to avoid inaccuracies and unreasonable criticism.
Withdrawal fees are charged and they are also referred to as “blockchain fee.” Coinbene states that they collect the blockchain fee in order to pay the blockchain miners for their confirmations. Coinbene states that each withdrawal must be confirmed after at least 24 blockchain confirmations; a process which may take up 48 hours. User reviews affirm that withdrawal fees charged by Coinbene are extremely high when compared with other exchanges such as Kucoin and Binance. CoinBene offers competitive fees for trading, deposit, and withdrawal transactions. The exchange does not charge any deposit fees, and the trading fees are relatively low compared to other exchanges. CoinBene supports a variety of payment methods, including credit cards, bank transfers, and digital wallets, making it easy for users to deposit and withdraw funds.
In such a case, new crypto investors who want to begin trading on this platform will first have to purchase cryptocurrencies from any other cryptocurrency exchange and then deposit them at CoinBene to begin trading. Moreover, users can also avail a discounted trading fee if they hold a sufficient amount of “CONI” – CoinBene’s native cryptocurrency. https://cryptolisting.org/ This approach is to incentivize traders trading at the exchange to buy a large amount of the native CoinBene CONI token. All these security procedures and verifications are necessary to curb fraud and secure the trader and the exchange. Coinbene have also been fair to their customers by offering a modern platform and eliminating deposit fees.
These applications can either be directly downloaded from Google PlayStore or Apple Store or can be downloaded via the CoinBene website by clicking on the “Download” tab on the main navigation bar. This will direct the users to a designated page with links for both- a link for the Android users, and a QR code that needs to be scanned for the Apple users. The major problem is their slow and inadequate customer support.
We are extremely excited to announce that Filecoin (FIL) is now available on CoinBene. In order to celebrate the launch of FIL, CoinBene will temporarily remove trading fees for all FIL/USDT trades from Oct. 15 — Nov. 15, 2020 (GMT+8). Trading fees will be reinstated after the end of this promotion. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020.
Moreover, traders can also add dozens of other indicators to the chart to update their trading strategies. CoinBene provides a user-friendly interface that makes it easy for users to navigate the exchange and find what they are looking for. The website is intuitive and straightforward, with a simple and clean design that allows users to quickly access information and start trading. Additionally, CoinBene offers a mobile app that provides users with a convenient way to trade cryptocurrencies on the go.
Thus, CoinBene offers robust, efficient, and reliable crypto exchange services to its clients along with a plethora of benefits, like low trading and withdrawal fees. The company is also trying to make its native token Coni popular among its users by providing attractive incentives like discounted trading fees. The trading page of CoinBene is similar…