Yes, there are many crypto-to-crypto exchanges that don’t have such strict requirements. Still, once the initial KYC check is complete, you should expect any subsequent withdrawals to be processed much faster. Compared to those average trading fees, CoinBene’s taker fees is below the industry average and maker fees is above the industry average. Meanwhile, all the other tokens previously held in the company’s wallet are still reading the same amounts they did after the hack. Some stakeholders, like Nick Saponaro of Diviproject, alerted the cryptocurrency public to massive outgoing transactions from CoinBene’s wallet. For its part, CoinBene denied these allegations, saying that customer funds were safe and that it would announce the completion of the maintenance at a later date.
Howdoo.io: How 18 million UDOO disappeared in the CoinBene hack
As far as the exchange itself goes, it’s simple, clean and easy to use and follows a similar design and layout to other exchanges. Of course, it is a centralized exchange so you will need to exercise caution when trading there coinbene united states – never hold large balances, make your trades and withdraw back to your own wallets. The CoinBene exchange features a very interactive and user-friendly trading interface on both the web (desktop) and mobile versions.
This platform is a very popular…
This will take you to a page with links for both, a link for Android, and a QR code to scan for Apple, and in this case, you will have to go through a manual install. Although this process is simple enough to do, it may pose a possible security risk, so it’s easy to question why these extra steps are even necessary. There wasn’t much info available about partnerships with the exchange until September 2018. Blockchain/crypto companies that are also part of the McAfee alliance include Docademic, Apollo, Ethershift, and several others. Instead, you have to scan a QR code on the CoinBene exchange website and go through a manual install. Although this process is simple enough to do, it’s easy to question why these extra steps are even necessary.
CoinBene Coni Token
Just by doing a simple Google search for CoinBene, you’ll likely find that the site description is written in Mandarin Chinese. However, when you click on the site homepage link, you’ll probably find that the site text is actually in English. Regardless, the exchange is available in a wide range of languages that you can change at the top-right corner of the homepage. Accordingly, we believe that this exchange has closed down and we have marked it as “dead” in our Exchange Graveyard.
In the future when you register with a mobile number, try login in without the area code or a 0 at the beginning. The settings button on the candlestick graph lets you change the style to bars, hollow candles, Heikin Ashi, line, or area charts. You also can adjust colors, borders, wicks, scale location, override minimum tick, scales, backgrounds, and time zones. CoinBene is open to users around the world and offers several different languages, making it possible for most people to use the website in a language that they are fluent in, if not a native speaker. The default language is Chinese, but you can also change the website to English, Portuguese, Vietnamese, Malay, Spanish, or Korean.
The platform conducts the KYC checks on the first withdrawal of crypto funds, so make sure you are compliant with the exchange’s terms and conditions if you decide to use this option. You’ll also have to provide basic personal information, such as your email and official identification, which could take several days to get approval. As you can see, the fee structure at this platform constitutes a competitive advantage against the majority of other top cryptocurrency exchanges currently available. It may even makes this trading platform the best crypto exchange site for you. Based in Singapore, CoinBene is a crypto exchange that offers users a simple-to-use platform for crypto-to-crypto trading.
Though Coinbene started operations in 2017, their trade volume is very high. They seem to be a good exchange offering lots of cryptocurrency pairs for trading. Their platform is modern and packed with the necessary tools to aid the trader. Website security is standard and no hacking https://turbo-tax.org/ has been reported.But, there is not much information about the Coinbene cryptocurrency. Though they provided an office address, they did not disclose full company details, key officers and regulatory information. It takes users a long time to get verified as the support takes days.
Customers on the CoinBene platform can directly report to the customer service team via email that gets addressed by the support representatives within a maximum of 24 hours. However, the absence of any direct phone numbers to report customer issues is a serious drawback of the CoinBene platform and according to some CoinBene reviews, this should be addressed immediately. Otherwise, there are many other customer grievance redressal options like QR codes for Telegram and WeChat, Twitter, and Weibo on the exchange homepage. The CoinBene exchange does not accept deposits in any other form except in cryptocurrencies. Thus, it becomes a bit difficult for new crypto traders who do not have previous crypto holdings.
According to the correspondence, the March 25 incident saw 18.4 million UDOO ($209,000) removed from the CoinBene hot wallet. According to Brierley, upon initial contact with CoinBene, the manager admitted to not knowing the source of the intrusion — while still telling the public that there was ongoing maintenance. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. I would like to see more transparency on the exchange, there is no clear information about the company behind it, their terms and conditions mention the company name as “CoinBene Limited Vanuatu”. There are currently CoinBene applications for both Android and Apple. Instead of finding the application in the relevant application stores, you can download it via the CoinBene website from the “Download APP” page on the main navigation bar.
We use dedicated people and clever technology to safeguard our platform. Coinbene has a global presence with professional consultant teams and management. Launched in 2017, Coinbene is led by co-founder and CEO, Yoni Assia. The executive team includes Zhang Bing (CEO), Sunny Gong (CEO), Journey Sun (CEO), and Daniel Zhang (CPO). Below is a text version of the list of wallets shared by the DragonEx exec. I enjoy researching new, innovative, and interesting blockchain/crypto projects that have the potential to impact the world.
The company provides one-to-one real-time customer service 24/7. With 200+ trading pairs, the exchange offers a continuous flow of initial listings. On March 19, the United States Securities and Exchange Commission (SEC) published a report on crypto exchanges prepared by Bitwise Asset Management, creator of a crypto index fund. In the report, experts claimed that 95 percent of Bitcoin (BTC) trading volume reported by unregulated crypto exchanges were fake. CoinBene offers a variety of customer support contact options, but they don’t have a customer support phone line. There are QR codes for Telegram and WeChat support on the exchange homepage as well as customer support options on Twitter and Weibo.
- You can also find customer support options on Twitter and Weibo.
- The option to sign up using your email is the default, but you can also sign up with your cellphone if you prefer.
- However, there are some specific requirements for crypto coins to be listed on CoinBene, meeting which the users can list their coins on the exchange.
- CoinBene has issued its own token, CONI, which offers incentives for holders.
- However, several reports were circulating at the time that the cryptocurrency exchange had been hacked.
- I would like to see more transparency on the exchange, there is no clear information about the company behind it, their terms and conditions mention the company name as “CoinBene Limited Vanuatu”.
CoinBene introduced this model to ensure better services with greater efficiency and more transparency. The Self-Service Listing model provides a straightforward and unique listing process for high-quality projects. If it wants to transform into a respected player in the crypto world, CoinBene needs to make sweeping changes. What’s more, its leaders need to adopt more ethical practices if it stands a chance at prospering and expanding over the long haul. In yet another incident, the DUCATUS team shelled out 1 million DUC coins to CoinBene for promos. When the CEO of DUCATUS requested a refund, CoinBene officials refused.
As it runs on an internet browser, it can be used across different operating systems and devices. The platform is packed with features, and yet is user-friendly. Charting is provided by “TradingView”, which is a social network for traders that provide technical analysis.The order book and trading history are easy to access and understand. There are indicators and other trading tools useful to a trader.
One more thing worth noting is that the charting is provided by TradingView, a platform that provides charting software and social networking for active traders. The interface also features multiple language options, such as Chinese, English, Vietnamese, Portuguese, Spanish, Malay, and Korean. CoinBene offers BTC, ETH, and USDT trading, and has provided services for hundreds of cryptocurrencies and tokens worldwide. The reviews posted by mobile app users show some areas where CoinBene can improve.
CoinBene was trying to devalue udoo’s price so it could easily cover its losses from the suspected hack. Rumors of the hack only added to the negative press surrounding CoinBene, following a previous revelation that the platform was inflating its trading volume. A report by Bitwise Asset Management earlier in March had identified CoinBene as one of the platforms engaged in wash trading. On Monday (March 25, 2019), there were massive outgoing transactions from CoinBene’s hot wallet to an unknown wallet that did not exist prior to that Monday. These transactions reportedly involved every single ERC-20 token (totaling 109) held by the company. Meanwhile, Cointelegraph has received exclusive details from stakeholders reportedly affected by the situation.
All content on CaptainAltcoin is provided solely for informational purposes. It is not an offer to buy or sell any security, product, service or investment. Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development.
