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Coinrail Review

15

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Poor

Revainrating 2 out of 5  
Rating 
2.1
Crypto Exchanges

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Description of Coinrail

Coinrail is a Korean bitcoin exchange that was hacked in June, 2018. The hack resulted in a drop of the cryptocurrency market worth $42 billion, according to Bloomberg News.

Reviews

Global ratings 15
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Type of review

Coinrail failed several years ago with the help of several hackers. Cited as a major consumer of hackers, this is an inactive project. The historical data of the Coinrail alternative is associated with inaccurate information. Following this incident, Coinrail's efforts to protect trade have been improved and a specific encryption system has been developed for programmers. With the easiest restriction achieved by Korea, it is possible to make a deposit in cash. I couldn't find a direct partner…

Pros
  • Transaction security.
  • Korea accepts fiat forex deposits.
Cons
  • This exchange is nothing more than a horrible record.
  • Trade shouldn’t be right now.
  • It did not become a linguistic desire.
  • Trade in Korea is turning zero.

Revainrating 1 out of 5

One more of the fraudulent exchanges

Coinrail is a South Korea-based cryptocurrency exchange platform using blockchain technology. It pays particular attention to its far east users. The number of users is small. There is no language variety. The history of the Coinrail exchange has been associated with fraud. After this incident, the security level of the Coinrail exchange was tried to be improved, they developed some special encryption procedures against hackers. The trading volume of the Coinrail exchange is low. There are…

Pros
  • Altcoin variety
Cons
  • Many users lost their funds in 2018
  • This exchange has no good history
  • Exchange is no longer available
  • There were no language options
  • It was an exchange focusing on Korea

Revainrating 1 out of 5

Coinrail Was Hacked And Lost Huge Amount Of Cryptocurrency.

Coinrail is a korean Cryptocurrency Platform that allow buying and selling of cryptocurrencies with korea local money using bank transfer. Although Coinrail required personal information to create account to be able to trade but it easy for new investors and traders to trade conveniently with real money. Coinrail app is available on mobile Platform for better Accessibility. It offer flat fee of 0•25%, not really competitive but still in line with industry average fee. It has support team…

Pros
  • It features many good characteristics that worth recommendation but it not Operating Presently.
Cons
  • It was hack and lost huge amount of cryptocurrencies that resulted to it shutdown.

Coinrail bombed quite a long while prior with the assistance of a few programmers. Refered to as a significant customer of programmers, this is an inert task. The authentic information of the Coinrail elective is related with wrong data. Following this episode, Coinrail's endeavors to secure exchange have been improved and a particular encryption framework has been created for software engineers. With the most straightforward limitation accomplished by Korea, it is feasible to put aside an…

Pros
  • Exchange security.
  • Korea acknowledges fiat forex stores.
Cons
  • This trade is just a frightful record.
  • Exchange shouldn't be at this moment.
  • It didn't turn into an etymological craving.
  • Exchange Korea is turning zero

Revainrating 3 out of 5

Coinrail is down so investors should watch out.

Coinrail is a failed project that was hit by a bunch of hackers some years ago. It is regarded as an inactive project since it was bypassed by hackers and major user assets were taken into custody. It lost 1,927 Ethereum, 2.6million NPXS , 93million ATX , 831 million DENT coins and six other most valuable assets. It is believed that this project was hacked by a group of small practicing hackers but none of the investigation has proven this right. However, the company today suffers losses…

Pros
  • It has lost most of this content.
Cons
  • It is inactive.
  • No news on service providers.
  • Bankruptcy.
  • Non-functional for now.

Overall, this is a small, unique organization, and since the main market is Korean, the registration cycle is straightforward, despite the importance of character checks for the use of the whole trade, with excellent customer alerts and directional alerts with the latest update alerts. it is possible to break it down into cash, in general, to take our sources in cold bags away from the trade of the places where we open them. The written setting of a Coinrail exchange is related to distortion…

Pros
  • The downside is blood
Cons
  • Doubts about your safety because several large ones have been broken

Revainrating 1 out of 5

One a greater amount of the false trades

Coinrail is a South Korea-based digital currency trade stage utilizing blockchain innovation. It gives specific consideration to its far east clients. The quantity of clients is little. There is no language assortment. The historical backdrop of the Coinrail trade has been related with misrepresentation. After this occurrence, the security level of the Coinrail trade was attempted to be improved, they fostered some unique encryption systems against programmers. The exchanging volume

Pros
  • Altcoin assortment
Cons
  • Numerous clients lost their assets in 2018
  • This trade has nothing but bad history
  • Trade is not, at this point accessible
  • There were no language choices
  • It was a trade zeroing in on Korea

Revainrating 3 out of 5

COINRAIL. A small exchange-related platform for market service.

COINRAIL. An exchange platform that provides services in the Korean crypto market. The platform also has excellent security. But due to the small size of the platform, the number of users is still very small. The platform also allows you to buy and sell cryptocurrency with Korean local currency using your bank transfer. It is necessary to conduct a personality check to take advantage of all exchanges. However, the customer service and instructions are excellent. We can also say that the user…

Pros
  • Very well optimized.
  • South Korea.
  • It is constantly improving the security system.
Cons
  • I do not recommend if you are in a country other than Korea due to the slight confusion of the trading pairs.

Revainrating 2 out of 5

Coinrail Exchange Is Now A Former Shadow Of Itself

Coinrail is a Korean exchange with a focus to concentrate on the Korea crypto currency market,the exchange official language is in Korea this makes it difficult for foreign investors who don't understand the language to trade on the exchange. What use to be known as one of the largest exchange in the world is now a shadow of its former self. The exchange has suspended all it trade transaction due to the shock of its security breach in 2018 which has lead to the lost of virtual assets worth…

Pros
  • Low fees
  • Top altcoins are traded on the exchange
Cons
  • It has suspended all trade transaction
  • It has once been hacked
  • It is a centralised exchange
  • Not a good option for foreign investors due to the single language option which is in Korea.

Revainrating 2 out of 5

Coinrail

The Coinrail exchange platform is a small platform that provides its services in the Korean crypto market This platform has a very good security since at the time of registration it requires entering identity document and basic user data for full access to all options From the platform, this is an advantage for the security of the users, although it is recommended to withdraw the assets and store them safely in a trusted wallet

Pros
  • Easy handling of its interface
  • Its headquarters is located in a country where the influence of cryptocurrencies and have a great following
Cons
  • Only has 2 languages ​​English and Korean

Revainrating 2 out of 5

Coinrail

This exchange platform does not have a large number of users since it is a small exchange, offering its services mainly to the Korean crypto market. It has a simple registration and it is necessary to verify the identity of the user to have access to all the options of the exchange platform. It has an optimal attention to the user giving guidance in their doubts and having up-to-date their updated information, accepts deposits in fiat currencies . it is advisable to withdraw and store the…

Pros
  • Easy to use
  • Transaction security
  • accepts deposits in Korean fiat currency
Cons
  • centralized in korea

Revainrating 4 out of 5

Coinrail this is one of the cryptocurrency exchanges

Coinrail this is one of the cryptocurrency exchanges, where its main users in the cryptocurrency trade in Korea, however it is a very small platform, this platform offers a lot of security on its platform, one of which is necessary to be a member of this You register with identification of the country where you work, fiducial deposits are possible on this platform, the only thing is that you earn in the Korean currency, as soon as your platform offers an interface in your applications very…

Pros
  • very well designed platform for users
  • works with fiat currency
  • it has a very good liquidity to carry out operations
Cons
  • It is only handled in Korea.

Revainrating 5 out of 5

Coinrail is South Korean exchange.

Coinrail promotes a number of benefits of their trading platform on their website. First and foremost, three things. That it is a “onestop cryptocurrency exchange”. We are not entirely sure what this means. Second, that it is convenient and user friendly. This is naturally very helpful. Finally, that they perform regular upgrades of the security system to make the platform as secure as possible.The exchange focuses on South Korea though – the exchange only accepts KRW.

Pros
  • Credit card is available for deposit method.
  • High secure.
Cons
  • Wire transfert is not available for deposit method.
  • No kyc verify.

Coinrail is a relatively small South Korean exchange that has listed a lot of cryptocurrencies. Dealing in Korean won (KRW) is also enabled, however no margin trading is currently allowed.. Its account holders have different levels of verification, based on which different withdrawal limits apply.

Pros
  • Many tradeable coins.
  • Fiat (KRW) accepted, no fees on deposits.
Cons
  • Focus on Korea.
  • Was hacked in July 2018.

In general it is a really small change company because its main market is Korean, the registration process is simple, although it is necessary to carry out the verification of identity to use the entire exchange, it has a very good customer service and guidance since keep up-to-date update notifications, it is possible to make deposits with fiat money with the only restriction that is won korean, what I always recommend is to keep our assets in cold purses away from the exchanges where we…

Pros
  • It is intuitive to use, that is to say while the page is being adapted to the different markets and the way in which they are distributed within the coinrail. According to its developers are in constant updates to keep the assets of users safe and to be honest this is possible due to the hack suffered in June 2018, although it was not so much capital, I think they have improved their system and thus being in the technological vanguard to which respects the exchange. Its main headquarters is in a country where the cryptocurrencies have a strong follow-up of the projects for that reason must adhere to the laws and keep up to date
Cons
  • As several large exchanges was hacked which makes you doubt your security, although it was already some time ago and can have an improved security there exists among the people that ghost represents the hacking of a house of exchange that can mean your bankruptcy. It is only available in English and Korean. In general I would not recommend this exchange for large transactions.