Coinbene Review & Ratings Exchange Broker

The primary focus of every crypto trader is to achieve success and grow in the crypto world, and for that, they need to partner with a reliable exchange-services provider. A web-based trading platform is available, and it is visually appealing. 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.

Coinbene have also been fair to their customers by offering a modern platform and eliminating deposit fees. They also have rewards for large token deposits and frequent trading. Start cryptocurrency trading with the most reliable exchange platform on the market.

1. Meanwhile, the Howdoo CEO continued to press for a concrete answer from the platform.
2. It follows a format that most cryptocurrency investors are used to with the diagram in the middle, and buy/sell-boxes low far right.
3. This will take you to a page with links for both, a link for Android, and a QR code to scan for Apple.
4. The US-legal regime imposes obligations on many companies accepting funds from US-investors.
5. In the upper right-hand corner, you find the expected options for logging in or registering for an account.

It does not charge anything else apart from this network fee which is also much below the global industry average. There is no mention of any CoinBene withdrawal limit on the exchange website. Visit here for a better understanding of CoinBene’s fee structure. Below the graph, at the center of the trading page, there is a form to select the activities- whether traders want to buy or sell cryptocurrencies. The “Buy” option appears in green, while the “Sell” option appears in red.

Holders of Coni will get discounted trading fees of up to 70 percent. To the right of this, you will see the market chart for the cryptocurrency pair you have selected. Right above the graph, you will see the current price, the reference price, the change in percent, and the 24-hour volume.

CoinBene is a cryptocurrency exchange platform based out of Singapore, with active users from over 200 countries worldwide. CoinBene is a newer exchange which has shot up the rankings of exchanges by volume, currently it is listed 6th on CoinMarketCap with over $300 million in trade volume. This is remarkable, and undoubtedly down to their CONI token – Users will receive 100 percent of their trading fees back in Coni. Holders of the token will then be rewarded with a percentage of the exchange’s trading fees. Coni, or the CoinBene Token, is the crypto token of the exchange. Coni has multiple benefits for token holders, including 40 percent of the platform’s net profit being awarded to Coni holders every month and, eventually, on a weekly basis.

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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). So far, there have been 2 token sales on the CoinBene exchange. It is unknown if the hacker has already converted the funds into other cryptocurrencies, or if these are the funds that he originally stole from DragonEx.

CoinBene Mobile Apps

Although this process is simple enough to do, it’s easy to question why these extra steps are even necessary. The website is designed in a manner that is easy to navigate and use. 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.

Cryptwerk is online directory with companies, websites, shops, services where you can pay with Bitcoin and other popular cryptocurrencies. Brierley told Cointelegraph that CoinBene later sent another offer for Howdoo to provide the 18.4 million udoo for a knocked-down price of $50,000, to which Howdoo declined. Meanwhile, CoinBene continued to tout the official maintenance line, obscuring the behind-the-scenes goings-on from the public. For Brierley, the hacker probably wanted to make a statement, as it seemed highly unlikely that a hacker would give up their loot in such a manner. Sperando’s response was for the Howdoo team to come up with a solution that sorted out the matter quietly, without CoinBene having to make any of the details public. Thus, valuable ETH and about 1.2 billion MXM (worth about $118.6 million) were left untouched by the hacker.

Unlike most crypto exchanges CoinBene does not discriminate between fees for the takers and makers. Instead, they charge a flat trading fee of 0.10% which is well below the industry average ( currently around 0.25%). Thus, it can be concluded that the CoinBene trading coinbene united states fee is very competitive. Remember CoinBene, the cryptocurrency exchange platform that denied being hacked at the end of March 2019, and instead saying it was undergoing maintenance? Well, it turns out the platform is still under maintenance, or so the company says.

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CoinBene charge a flat 0.1% on trades made on their platform, the fees are charged in the trade currency. For example if you buy or sell Bitcoin with USDT, then they will collect this fee from both sides of the trade. They only charge the fee for completed trades, so if you placed an order which is not fully matched or you cancel part of it, the fees will only apply to the completed part. The design of CoinBene is simply designed to deliver the most essential information users need to utilize the platform and follows the look of other similar exchanges such as Kucoin and Binance.

This action effectively destroyed the tokens and offered further evidence that CoinBene had been hacked. According to the Howdoo CEO, the above statement was not only false, but an attempt to pin the problem on the Howdoo project team. CoinBene also ceased trading on udoo, which alerted even more token holders to the situation. Those tokens include huobipool token (HPT), pundi X (NPSX), maximine coin (MXM) and udoo (UDOO). The latter two will prove important later on in this narrative.

Deposit Methods

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 https://cryptolisting.org/ of the intrusion — while still telling the public that there was ongoing maintenance. Since our inception in 2017, CoinBene has achieved the coveted Top 1 Status in 24hr trading volume globally in the first three months.