RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

[SCAM Alert] Coinbe

[SCAM Alert] Coinbe Exchange Review

Centralized

Coinbe is a cryptocurrency exchange that seems to be based in Poland with a strong focus on Poland, although the Coinbe website is available in both English and Polish. A Coinbe exchange review shows that this digital asset exchange serves the cryptosphere via no less than 38 active markets. In addition, it seems that about half a million traders make use of the trading access to cryptocurrencies provided by Coinbe.

The main cryptocurrencies available for trading at this crypto-asset platform is Bitcoin (BTC), Ethereum (ETH) and a currency with ticker symbol XIN. It is unclear whether XIN refers to the token used by Infinity Economics or Mixin in this instance. There are more than one cryptocurrency pair available for trading, but it is nothing to write home about. It seems that they have previously offered fiat-to-crypto currency options as well, but were forced to temporarily suspend those options.

The cryptocurrency trading service provided by Coinbe is available 24/7. In addition, it seems to be a regulated exchange where anonymous trading is not available. From a security perspective, they seem to make use of cold storage or cold wallets. Furthermore, the trading platform they provide seem to be very basic and they don’t seem to offer any mobile apps.

A Coinbe review shows that they aim to answer queries within 8 hours – way less than the 24 hours used as a standard elsewhere. They also seem to offer an affiliate program and a private API that allows for account management from external apps and scripts.

  • 24h Trading Volume

    52.403 BTC
  • Headquater

    Poland

[SCAM Alert] Coinbe Exchange Review

  • [SCAM Alert] Coinbe Withdraw

    BTC – 0.0005 BTC

    BCH – 0.001 BCH

    ETH – 0.005 ETH

    Full list of fees can be found here

  • [SCAM Alert] Coinbe Fees Discount

    Lower fees for higher monthly trading volume.

    Details can be found here

  • [SCAM Alert] Coinbe Deposit fees

    Deposit fees can be found here: https://coinbe.net/strona/oplaty-prowizje
  • [SCAM Alert] Coinbe Trading fees

    0.1% – 0.3%

  • Fiat Deposit

    EUR
  • Accepted Payment Method

    Crypto to Crypto, Crypto to FIAT
  • Native Token

    Yes
  • Margin Trading

    No

[SCAM Alert] Coinbe Exchange Score Analysis

Coinbe is a polish exchange, which, after thoughtful consideration, we believe to be at best a very poorly run exchange with no regards to customer needs and at worst an outright malicious team intentionally trying to steal funds from users. The site itself is very poorly structured, with poor english combined with polish at some places, preventing users from understanding basic usage of the exchange. The exchange allegedly offers trading cryptocurrency against fiat currencies, namely USD, EUR and PLN, although the process of providing bank account details seems impossible to understand for english speakers and we do not recommend it. After minimal analysis it is very clear most trading volume on the exchange is orchestrated by bots and is done to maintain ranking positions, while real users almost do not trade on the exchange at all. It also comes as no surprise the Coinbe team is nowhere to be found on the internet, our attempts to contact their support have failed, and there are reports online that the exchange has stopped honoring funds withdrawal requests, keeping user funds. To conclude, Coinbe does not bother to appear legitimate, displays all the wrong practices and we extremely recommend to avoid using the Coinbe exchange or entrusting them with any information or funds.