According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- Proprietary web platform
- It is not allowed to set limit or stop orders, use trading bots or robots
Our Evaluation of CoinRabbit
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
CoinRabbit is a high-risk cryptocurrency exchange with the TU Overall Score of 2.45 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by CoinRabbit clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
CoinRabbit is an exchange that functions as a cold wallet, providing secure offline storage for cryptocurrencies, and a platform for cryptocurrency trading and exchange. One of CoinRabbit's key strengths is its collateralized lending service against digital assets, which may be particularly appealing to traders with small starting capital.
Brief Look at CoinRabbit
CoinRabbit is a cryptocurrency exchange that has been operating since 2020. The exchange enables traders to buy, sell, and exchange 241 digital coins, take out loans in cryptocurrencies, and earn passive income by holding stablecoins. It is available as a web platform and facilitates quick transactions at market prices, with all fees included. Mobile applications are currently unavailable.
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- Accounts can be funded in 41 fiat currencies and over 50 cryptocurrencies.
- A wide selection of digital coins, including rare and new ones.
- Crypto loans available to any user.
- Savings accounts with the opportunity for passive income.
- 24/7 support via website chat and user accounts.
- Simple account registration.
- Partnership programs for private traders, influencers, and financial intermediaries.
- The exchange does not disclose details of the calculation of trading fees.
- There is no cryptocurrency trading education on the CoinRabbit website.
- Funds cannot be deposited through electronic payment systems.
TU Expert Advice
Author, Financial Expert at Traders Union
CoinRabbit offers cryptocurrency trading and exchange services through its proprietary web platform, enabling users to buy, sell, and exchange over 240 digital coins. It supports deposits with over 50 cryptocurrencies and 41 fiat currencies and provides additional features such as collateralized lending services. CoinRabbit also offers crypto loans, savings accounts for passive income, and 24/7 client support via web chat, making it accessible for traders at various experience levels.
Despite these advantages, CoinRabbit has notable drawbacks, including the lack of transparency in trading fees and limited funding options, as withdrawals incur fees and lack P2P transfer and PayPal options. There are no educational resources or mobile applications available. CoinRabbit may not currently be suitable for traders who prioritize strong regulatory oversight, given its registration in Saint Vincent and the Grenadines, which lacks robust financial regulation. Traders seeking diverse financial products and strong regulatory assurances may consider alternative platforms.
CoinRabbit Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
💻 Trading platform: | Proprietary web platform |
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📊 Accounts: | Standard Account, Saving Account |
💰 Account currency: | The account currency is the deposit currency. There are more than 50 cryptocurrencies and 41 fiat currencies available |
💵 Deposit / Withdrawal: | SEPA, SWIFT, Visa, MasterCard, Faster Payment System, and cryptocurrencies |
🚀 Minimum deposit: | $100 or equivalent in fiat/digital cryptocurrencies |
⚖️ Leverage: | 1:1 |
💼 PAMM-accounts: | No |
📈️ Min Order: | $15 |
💱 Commission: | Spot: %-% |
🔧 Instruments: | 246 supported coins, Fiat. |
💹 Margin Call / Stop Out: | No |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Yes ( through web platform) |
➕ Affiliate program: | Yes |
📋 Order execution: | Market |
⭐ Trading features: | It is not allowed to set limit or stop orders, use trading bots or robots |
🎁 Contests and bonuses: | No |
CoinRabbit allows you to buy/sell over 50 cryptocurrencies and exchange more than 240 digital coins. The web platform does not have an order book, charts, or indicators for market analysis. A CoinRabbit client sees the price of the selected cryptocurrency, including all fees and markups, and can instantly buy if all parameters suit them. Digital assets can be purchased with fiat currencies using cards, bank accounts, or a fast payment service, available in the UK only.
CoinRabbit Key Parameters Evaluation
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Regulation and safety
With a 5.25/10 score, CoinRabbit demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- Cold wallet storage
- 2FA
- No successful hacks history
- No investor protection fund
- Not government-regulated
CoinRabbit Security Factors
We also compared CoinRabbit against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
CoinRabbit | OKX | Kraken | |
Tier-1 regulation | No | No | Yes |
Government-regulated | No | Yes | Yes |
Investor protection fund | No | Yes | No |
2FA | Yes | Yes | Yes |
Facial recognition | No | Yes | No |
Cold wallet storage | Yes | Yes | Yes |
Successful hacker attacks | No | No | No |
Is CoinRabbit a regulated crypto exchange?
CoinRabbit is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean CoinRabbit is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at CoinRabbit?
Yes, KYC verification is mandatory at CoinRabbit. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is CoinRabbit available?
CoinRabbit complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Spain, United Kingdom, Australia, Canada, Israel, Cyprus, Sweden, Latvia, Romania, Portugal, Switzerland, Netherlands, Singapore, Iran, Islamic republic, France, Bangladesh, Italy, Egypt, Poland, Belgium, Norway, Czech Republic, Japan, Ghana, Morocco, Finland, Bulgaria, Korea, Algeria, Estonia, Austria, China, Denmark, Germany, Lithuania, Ireland, Slovakia, Hungary, Iraq, Qatar, Kuwait, Libyan Arab Jamahiriya, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact CoinRabbit support.
Is CoinRabbit available in the USA?
Yes, CoinRabbit is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
CoinRabbit commissions and fees
CoinRabbit received a 7.75/10 score for its trading fees. While CoinRabbit is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are CoinRabbit trading fees?
We analyzed CoinRabbit’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
CoinRabbit trading fees vs competitors
CoinRabbit | Nexus Trade | Paxful | Industry average | |
Spot, maker fee (%) | 0,22 | 0 | 0.15 | |
Spot, taker fee (%) | 0,22 | 0 | 0.194 |
What are CoinRabbit deposit and withdrawal fees?
Deposit fee, % | 0 |
Withdrawal fee, % | Network fees |
Does CoinRabbit offer P2P trading?
No, CoinRabbit does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
CoinRabbit received a 4/10 rating for its deposit and withdrawal services. CoinRabbit offers limited funding options and may charge fees, which could be inconvenient for many users.
- No deposit fees
- Bank cards accepted for instant deposits
- Many cryptocurrencies for deposits and withdrawals
- No P2P transfer option
- No Google Pay option
Deposit and withdrawal options
CoinRabbit supports the following deposit and withdrawal options: Bank card, Crypto.
CoinRabbit Deposit and withdrawal options vs competitors
CoinRabbit | OKX | Kraken | |
Bank transfers | No | No | Yes |
Bank card | Yes | Yes | Yes |
Crypto | Yes | Yes | Yes |
PayPal | No | No | Yes |
What is CoinRabbit minimum deposit?
The minimum deposit at CoinRabbit is 100 USD/USDT or 0,0015 BTC. The minimum trade size is 15 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
CoinRabbit minimum deposit vs competitors
CoinRabbit | OKX | Kraken | |
Minimum deposit, USD or USDT | 100 | 10 | 10 |
Minimum deposit, BTC | 0,0015 | 0,0005 | 0,0001 |
Minimum trade amount, USD/USDT | 15 | 0,00001 | 1 |
Does CoinRabbit support fiat money?
CoinRabbit supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
CoinRabbit received a score of 2.5/10 in this category, indicating a modest offering of assets and markets. While CoinRabbit covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Other supported products
- NTFs not available
- Crypto futures not available
CoinRabbit supported coins and markets vs competitors
We compared CoinRabbit with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
CoinRabbit | OKX | Kraken | |
Supported coins | 246 | 329 | 278 |
Futures/Perpetual contracts | No | Yes | Yes |
Options | No | Yes | No |
NFTs | No | Yes | Yes |
CoinRabbit passive income options vs competitors
We also compared CoinRabbit with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
CoinRabbit | OKX | Kraken | |
Staking | No | Yes | Yes |
Yield farming | No | Yes | Yes |
Copy trading | No | Yes | Yes |
Contacts
Official site | https://coinrabbit.io/ |
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