CoinBene Global LinkedIn
It consistently ranks among the Top 10 exchanges on CoinMarketCap and has partnered up with numerous Stablecoin Institutions, such as Paxos Standard and Gemini Dollar5. Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy. The website is designed simple enough and features the essential information users need to utilize the platform.
- Although security measures have been implemented by cryptocurrency exchanges, it cannot fully guarantee the security of users’ funds.
- It consistently ranks among the Top 10 exchanges on CoinMarketCap and has partnered up with numerous Stablecoin Institutions, such as Paxos Standard and Gemini Dollar5.
- In the upper right-hand corner, you find the expected options for logging in or registering for an account.
- The platform conducts the KYC checks on the first withdrawal of crypto funds, so make sure you are compliant with the exchange’s terms and conditions if you decide to use this option.
You’ll also have to provide basic personal information, such as your email and official identification, which could take several days to get approval. CoinBene has mobile apps for Android and Apple, for those who prefer to trade on the go. Instead of finding the apps in the relevant application stores, they can be downloaded via the CoinBene website from the “Download APP” page on the main navigation bar. This will take you to a page with links for both, a link for Android, and a QR code to scan for Apple, and in this case, you will have to go through a manual install. Although this process is simple enough to do, it may pose a possible security risk, so it’s easy to question why these extra steps are even necessary.
- You must understand the accusations before trading on this exchange.
- Because of the range of pairs, you will find support for all the most popular cryptocurrencies, as well as some you may not have heard of.
- Yet, the Singapore-based crypto asset platform has gotten into hot water.
- The exchange made its rapid rise to a consistent top 30 exchange by 24-hour trade volume an impressive feat.
- In addition, the user must bear the consequences of not withdrawing cash on time if they suffer asset losses.
Company details
It may even makes this trading platform the best crypto exchange site for you. 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.
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The use of Google Authenticator provides extra protection. Once you activate Google Authenticator, it sends a code to your device verifying the user. CoinBene has already established itself as a steady coinbene united states top 30 exchange. Factors contributing to this status include ease of use and multilanguage capabilities. All content on CaptainAltcoin is provided solely for informational purposes. It is not an offer to buy or sell any security, product, service or investment.
Research from the analytics firm CipherTrace didn’t help CoinBene’s case any. They classified the debacle as a hack, reporting that a purported $105 million in cryptos had mysteriously ended up on other platforms during the alleged hack period. They also included recruiting freelance traders to make trades on behalf of the exchange.
How to Deposit and Withdrawal Funds on CoinBene?
Even more, the asset withdrawals must be completed by November 15, 2021 for CoinBene users. The website is designed in a manner simple enough for any user to navigate it easily. It follows a format that most cryptocurrency investors are used to, meaning that they will find most information exactly where they expect it to be. The interface provides multiple cryptocurrency trading pairs.
However, when you click on the site homepage link, you’ll probably find that the site text is actually in English. Regardless, the exchange is available in a wide range of languages that you can change at the top-right corner of the homepage. One more thing worth noting is that the charting is provided by TradingView, a platform that provides charting software and social networking for active traders. The interface also features multiple language options, such as Chinese, English, Vietnamese, Portuguese, Spanish, Malay, and Korean. Google Authenticator will create a verification code that is six digits long.
Those that have good reviews are even rarer, and unfortunately, CoinBene isn’t an exception. The exchange does not have a customer support phone line. And, many customer reviews online state that customer support is slow to respond via email, they definitely need to work with a team like the one at Salesforce. Still, CoinBene does offer a variety of customer support contact options.
The reviews posted by mobile app users show some areas where CoinBene can improve. For instance, on Google Play, the Android app has an average of 2.7 out of 5 stars with 103 total reviews. Some reviewers claim the app is not compatible with Android 9 and/or that 2FA doesn’t work whenever they enter login details. Over the years, CoinBene has won universal acclaim from its users.