RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

Coinnest

Coinnest Exchange Review

Centralized

Coinnest Overview

  • 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.

    Coinnest Exchange Review, Trading Fees, Deposit and Markets

    • 24h Trading Volume

      NaN BTC

      • Coinnest Total Trading Pairs

        N/A

        • Coinnest Margin Trading

          No

          • Coinnest Deposit fees

            No Deposit Fees

            • Coinnest Fiat Deposit

              Yes

              • Accepted Payment Method

                None

                • Coinnest Native token

                  N/A

                  • Native token smart contract

                    N/A

                    • Coinnest Trading Markets

                      N/A

                      • Coinnest Stablecoins trading

                        N/A

                        Coinnest Withdrawals

                        • Daily Withdrawal Limit

                          N/A

                          • Coinnest Withdraw fees

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

                            • Coinnest Withdraw fees discount

                              N/A

                              • Proof of Reserves

                                N/A

                                Coinnest Exchange Rating Analysis

                                Last edit 04.09.2019

                                • 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.

                                  Coinnest Exchange Additional Information

                                    • Coinnest Headquater

                                      Korea

                                      • Coinnest Establish date

                                        N/A