Header banner
Revain logoHome Page
coinnest logo

Coinnest Review

10

·

Average

Revainrating 3 out of 5  
Rating 
3.0
Crypto Exchanges

View on AmazonView on ЯM

Description of Coinnest

Coinnest is a Korean cryptocurrency exchange which primarily services the Korean crypto market but also accepts traders from around the world. They offer their services in the Korean, Chinese, and English languages. The exchange was launched in 2017 and is based out of Seoul, South Korea with their headquarters located at Yeongdeungpo-gu, Seoul.

Reviews

Global ratings 10
  • 5
    2
  • 4
    3
  • 3
    2
  • 2
    2
  • 1
    1

Type of review

Revainrating 2 out of 5

Stock market victim users

Coinnest is a South Korean crypto exchange created with blockchain technology. They destroyed all of their users' funds and shut down the exchange. I can't say very good things about Coinnest. In fact, when Coinnest was first released, it developed very rapidly, the number of users increased rapidly, the transaction volume increased a lot, but suddenly things started to go bad. The exact cause is still unknown, but the stock market closed quickly and users were victimized. Some news sources…

Pros
  • Everything was going well
Cons
  • They made everyone a victim
  • They say they pay users, but it's all just a lie they tell them
  • I lost a large amount of BTC

Revainrating 2 out of 5

The fall of a global exchange

Coinnest is a Korean crypto currency exchange that was one of the worlds most reputable and reliable global exchange for traders across the world but now exchange is now a complete shadow of its former self .The trading volume and trading pairs of the exchange is completely empty ,and the last time I checked the exchange's website it wasn't working due to it shutdown. Connest is now a grey spot to all traders and investors as it has no positive result or benefits for traders and because of this

Pros
  • It used to be one of the best exchange
  • It had a target of extending it service to many virtual asset traders in the world
Cons
  • No liquifity
  • No trading pair
  • The exchange is in complete ruins.

Revainrating 1 out of 5

An exchange that is closed!

It was the fourth biggest digital currency exchange in South Korea. It was the quickest developing crypto exchange with an outstanding exchange volume 2017. Yet, because of certain mistakes of their colleagues and themselves, the exchange couldn't offer service till the end. But the good thing about Coinnest was that they did not scam users, giving them time to withdraw user funds before shutting down their services and lowering all withdrawal limits so that everyone could get their funds…

Pros
  • Coinnest stops their service by notifying its users.
Cons
  • Their official website is no longer accessible.
  • One of their team members went to jail last year for fraud and to pay a huge amount of fine.
  • Their own funds were lost for the mistaken airdrop.

Revainrating 4 out of 5

Coinnest

Coinnest was a giant exchange on the Asian continent, it is directed especially for the Korean town, but nevertheless it can be used in various parts of the world, this exchange offers very good services to each of the users. Coinnest offered a high range of trading pairs for users, it is backed by a high volume of transactions which guarantees its good service. This was one of the best exchanges born, since it also had users in the United States, but nevertheless this closure brought a…

Pros
  • Their services were offered to the United States.
  • I warn users of its closure so they do not lose their assets.
  • It provided excellent interface in its mobile applications.
Cons
  • It closed its operations in 2019.

Revainrating 3 out of 5

Coinnest

This platform ended its operations in 2019 due to multiple improvised victims such as the loss of more than 5 million in Bitcoins, the accusation of 2 of its administrators due to the fact that they suffered alleged bribes for adding crypto assets in the platform's isterfas, and for not having enough technological advancement to face the crypto market today. this platform despite suffering many losses due to an error when distributing a token, they were responsible enough to warn all its users…

Pros
  • they lowered their rates for withdrawals of their interfas assets in the closing process
  • absolute responsibility
  • great services when it was running
Cons
  • grander lost in bitcoins
  • closed their operations in 2019

Revainrating 3 out of 5

Coinnest

The coinnest exchange platform ended all kinds of operations in 2019, since 2 of its executives were accused of bribery by asking them to integrate crypto assets in their Platform In addition to suffering the loss of approximately 5 million in BTC, this being a main reason for the closure of its services. This platform, being a South Korean exchange, allowed US investors to enjoy its services, in addition to suffering an error in the distribution of a token to multiple of Its users causing los

Pros
  • In the devotion to closing their operations, they lowered the rates and amounts to help their users in withdrawals.
  • Accepted deposits and bank transfers
  • Accepted investors from the United States
  • Provided a message at the close of its operations so that its users withdraw their assets and do not suffer losses
  • It had a mobile application
Cons
  • Finished its operations in 2019
  • Officially closed website
  • Loss of approximately 5 million in BTC

Revainrating 4 out of 5

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…

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'.

Revainrating 4 out of 5

The Coinnest cryptocurrency exchange

The Coinnest cryptocurrency exchange, this is one of the most popular on the Asian continent especially in Korea. This offers very good services to cryptocurrency investors, but nevertheless it offers services throughout the world, and supports a large number of cryptocurrencies for its trade, which gives it a good volume of transactions per day, and it also has applications for mobile phones with Android technology and iOs with a very good interface is its design.

Pros
  • It has a very good liquidity in transactions since they are very fast and effective.
  • very high trade volume.
  • Coinnest has a mobile application for iOS and Android.  
Cons
  • Coinnest does not list US-investors as prohibited from trading.

Revainrating 5 out of 5

Secure exchange

Very convenient and secure exchange for trading. Honest payments and responsive support. A large selection of currencies for trading. Intuitive navigation and stable operation. High functionality for trading. Large selection of input and output of funds and its simplicity and ease.

Pros
  • Fair payments
Cons
  • No

Revainrating 5 out of 5

South Korean cryptocurrency exchange.

Based in South Korea, Coinnest is a multi-cryptocurrency exchange, allowing users to trade various types of tokens and coins.The exchange offers a iOS and an Android app for mobile users.

Pros
  • Wire transfert and cryptocurrency are available for deposit.
  • Low Fees.
  • Lots of Coins.
  • Coinnest has a mobile application for iOS and Android.
Cons
  • Credit card isn't accept for deposit method.
  • Coinnest does not list US-investors as prohibited from trading.
  • Loose Security.
  • No Leverage.