RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

Coinnest

Coinnest Exchange Review

Centralized

UPDATE – Coinnest has shut down on April 30th, 2019. Users have until June 30th, 2019 to withdraw their funds. If you have any funds on Coinnest, please withdraw them to your wallet.

  • 24h Trading Volume

    4.143 BTC
  • Establish date

    2017
  • Headquater

    South Korea

Coinnest Exchange Review

  • Coinnest Withdraw

    The withdrawal fee of KRW is 1,000 KRW ($0.88)

  • Coinnest Deposit fees

    No Deposit Fees
  • Coinnest Trading fees

    Maker/taker Fee 0.1%

  • Fiat Deposit

    KRW
  • Accepted Payment Method

    Crypto to Crypto, Crypto to FIAT
  • Native Token

    No
  • Margin Trading

    No

Coinnest Exchange Score Analysis

UPDATE – Coinnest has shut down on April 30th, 2019. Users have until June 30th, 2019 to withdraw their funds. If you have any funds on Coinnest, please withdraw them to your wallet.

We’ll quickly get to the bottom line of our Coinnest review: In April 2018, Coinnest’s CEO was arrested and charged with customer funds embezzlement. Aside from that, not much more information is available on the exchange’s team and their site is very hard to access for foreigners. The site’s usability is fair, however, with understandable UI and the ability to trade all coins against the Korean Won – provided you have a bank account inside South Korea. The risk factor on such an exchange, where the CEO is charged with criminal activity, is pretty high; it comes alongside a very low performance score, attained because Coinnest is today home to almost no trading volume at all. While they are at least not faking their volume, the current situation displays a bleak picture and uncertainty regarding Coinnest’s future. Our current conclusion, based on our thorough Coinnest exchange review, is that we strongly recommend against trading on the exchange, entrusting it with funds or affiliating with it in any way.