CoinBene: Review and Analysis of the Exchange Platform
It takes users a long time to get verified as the support takes days. It is believed that three companies merged to form this company and the merger has resulted in one the world’s most secure trading platform in the cryptocurrency exchange business. The official website is available in English, Chinese, Portuguese, Vietnamese and Malay languages. It provides traders with a variety of cryptocurrency pairs for trading.
- In the report, experts claimed that 95 percent of Bitcoin (BTC) trading volume reported by unregulated crypto exchanges were fake.
- Whenever I’m not writing, I’m usually playing sports or producing music.
- 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.
- This sends a code to the user phone whenever login is initiated using the Google Authenticator app.
- The default language is Chinese, but you can also change the website to English, Portuguese, Vietnamese, Malay, Spanish, or Korean.
In our CoinBene review, we look at this exchange’s advantages and disadvantages by examining a variety of categories that are important for any cryptocurrency trader to consider. Fees for trading cryptos are set at 0.1% across the board when using major trading pairs. This fee is significantly below the global industry average of 0.25%, which gives CoinBene a competitive advantage as low trading fees render the exchange more attractive to the average user. CoinBene was launched in 2017 and is available to users in 150+ countries and various languages, including English, Portuguese, Vietnamese, Malay, Spanish, or Korean.
CoinBene Customer Support
The interface also features multiple language options, such as Chinese, English, Vietnamese, Portuguese, Spanish, Malay, and Korean. There is a settings button on the candlestick graph, which lets you adjust override minimum tick, scales, backgrounds, colors, borders, wicks, scale location, and time zones. You can also use the button to change the style to bars, hollow candles, Heikin Ashi, line, or area charts. Creating an account on CoinBene is relatively fast and simple as there is a guideline taking the user through the sign-up process on the platform’s sidebar.
CoinBene Review 2023
The exchange has also signed a strategic technology partnership with Komodo, a blockchain-based platform that provides security, scalability, interoperability, and adaptability. This was done to prevent 51% of attacks and improve the crypto ecosystem’s overall security through the implementation of parts of what Komodo has to offer in terms of security. The latter uses a proprietary technology called delayed Proof of Work (dPoW), a security mechanism designed by the Komodo project. It is a modified version of the Proof of Work (PoW) consensus algorithm that makes use of the Bitcoin blockchain’s hash power as a way to enhance network security. The website is designed simple enough and features the essential information users need to utilize the platform. In the main navigation bar, you can see categories for the exchange, download the APP, the guide FAQ, and information about Coni.
CoinBene’s Coni token (CONI) cuts trading fees in half, to only 0.05%. Compared to other centralized exchanges on the market, CoinBene’s fees are competitive. There are a few reviews that say that the site sometimes goes down randomly and has other potential security issues. Whenever events such as site crashes happen, users aren’t able to access the site or any funds kept on the exchange.
The Self-Service Listing model provides a straightforward coinbene united states and unique listing process for high-quality projects.
Based on the pairs listed on the homepage, there are 50 pairs involving ETH, 31 involving USDT, and 24 involving BTC. When it comes to the plethora of assets available at CoinBene, the most known coins are Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin, and OmiseGO. However, some of the usual suspects, such as NEO, NEM, Cardano, Dash, Monero, IOTA, Stellar, and so on, are not present at https://cryptolisting.org/ this exchange. 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.
SimpleSwap
However, on social media, some industry experts have contested the company’s assessment that no funds were taken. Authorities in Estonia, Thailand, Singapore, and HongKong are assisting the Singapore-based exchange with its investigation. Also, it’s important to note that CoinBene is a centralized exchange. 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.
Google Authenticator
As of October 2018, there are 29 trading pairs for USDT, 75 for ETH, and 59 for BTC. The CoinBene exchange headquarters is based in Singapore with offices also in Hong Kong, Malaysia, India, Brazil, and more. The exchange launched on November 20, 2017, making its rapid rise to a consistent top 30 exchange by 24-hour trade volume an impressive feat. To withdraw, follow the steps in the Withdraw page of your Account page： →Log in→Funds→Withdraw→choose the subjects. After authentication, a processing time of 10 minutes is required. The graph is a candlestick chart with the ability to add dozens of indicators to help users with their trading strategy.
The main navigation bar has categories for the exchange, to download the APP, the guide FAQ, and information about Coni. In the upper right-hand corner, you find the expected options for logging in or registering for an account. To the right of this, you can change the language for the platform. Meanwhile, Cointelegraph has received exclusive details from stakeholders reportedly affected by the situation.
If you sign up for Google Authenticator, CoinBene strongly suggests saving the QR code or key at the time you bind Google Authenticator. This will make it possible to connect the security program on a new phone if you lose your current smartphone or get an upgrade. If you don’t have this backup QR code or key, you can send CoinBene an email and describe the situation. The IT department will then close the Google Authenticator link to your account.
Regardless, the exchange is available in a wide range of languages that you can change at the top-right corner of the homepage. The rating results published on Cointelligence are based on an independent rating system developed by the Cointelligence team. They do not reflect any official governmental approval or regulatory compliance. All content on CaptainAltcoin is provided solely for informational purposes.
