Review on Coinnest by Jimmy Centeno
Coinnest, commercial cryptocurrency market
Coinnest is a cryptocurrency trading market that maintained decent daily trading volumes, compared to other exchange markets. This in 2019 announced its final closure and canceled all its cryptocurrency trading services as well as the definitive closure of its website that is currently inactive. The domain of the commercial markets in Coinnest is at zero and does not have any commercial pair. The decision to close this site is due to the fact that two Coinnest executives had been accused of accepting bribes in exchange for listing crypto assets on the platform, apart from this the fight they were bringing to face the changes in the cryptocurrency industry. and blockchain that is lived today.
Coinnest was undoubtedly a good South Korean exchange that allowed even American investors, since many exchanges in this region keep them blocked by preventing them from trading cryptocurrencies on their platforms. The exchange platform brought a tough battle as it lost millions of USD in Bitcoin due to an error in its server, it made an airdrop to reward its users with a token where it accidentally lost a large sum of money that was sent to its users and not they could be recovered. Before the closing they were able to notify by means of a pop-up announcement on the website, advising users of their platform to make their withdrawals of all funds.
Pros
- By closing its services it reduced withdrawal fees and minimum withdrawal amounts to assist clients with the process.
- Accept bank transfer deposits on your platform.
- Being a South Korean exchange allows US investors.
Cons
- It announced in 2019 the closure of all its operations on the platform.
- Some Coinnest executives have been accused of accepting bribes in exchange for listing crypto assets on the platform.
- Coinnest currency exchange statistics are at 0 (zero).
- Your main website is completely closed.
- It had a loss of USD 5 million in bitcoins (BTC) and other cryptocurrencies after a wrong 'airdrop'.
