Is Coinut a Good Crypto Exchange for Beginners?
It is important for novice cryptocurrency traders to choose the right crypto exchange. Not all companies can be used when you are just starting your path in trading, which is why the success in cryptocurrency trading depends on making the right choice. Beginners often wonder whether Coinut is a good crypto exchange to start trading with. In this article you will learn whether Coinut is good for beginners, what its pros and cons are and what a novice trader needs to know.
Coinut's Top Features for Beginners
Coinut’s beginner-friendly features, such as a demo account, low minimum deposit, educational materials, copy trading, staking, a user-friendly mobile app, customer support, fiat deposit and withdrawal options, and low fees, were compared against the top two competitors to ensure a comprehensive evaluation.
| Coinut | Kraken | OKX | |
|---|---|---|---|
| Demo account |
No |
No |
Yes |
| Minimum deposit, USD or USDT | 10 | 10 | 10 |
| P2P exchange |
No |
No |
Yes |
| Spot maker fee |
No |
0.25 | 0.08 |
| Fiat transactions |
Yes |
Yes |
Yes |
| Bank cards |
Yes |
Yes |
Yes |
| Commissions and fees | 7.8 | 6.2 | 9.3 |
| Educational tools |
Yes |
Yes |
Yes |
| Crypto bonuses |
Yes |
Yes |
Yes |
| Staking |
No |
Yes |
Yes |
| Copy trading |
No |
Yes |
Yes |
|
|
|
|
Why We Focused on Comparing These Beginner-Friendly Features:
Demo account – Allows beginners to practice trading without risking real funds, helping them gain confidence and understand the platform.
Minimum deposit, USD or USDT – Ensures low entry barriers, making it affordable for newcomers to start trading with a small initial investment.
P2P exchange – Enables direct cryptocurrency trading between users, often with no intermediaries, providing a straightforward and accessible way to trade.
Spot maker fee – Highlights competitive trading fees for placing limit orders, which is cost-effective for those starting with spot trading.
Fiat transactions – Simplifies the process of depositing and withdrawing funds using local currencies, making it convenient for first-time users.
Bank cards – Provides an easy and familiar way for beginners to fund their accounts quickly using Visa or Mastercard.
Commissions and fees – Transparent and competitive fee structures help beginners calculate costs and avoid unexpected charges.
Educational tools – Tutorials, webinars, and guides equip beginners with the knowledge needed to trade confidently and effectively.
Crypto bonuses – Offers incentives like signup rewards or deposit bonuses, encouraging newcomers to explore trading.
Staking – Allows beginners to earn passive income on their holdings, introducing them to advanced cryptocurrency features with minimal effort.
Copy trading – Lets new traders learn by replicating the strategies of experienced traders, reducing the learning curve.
Short summary about the broker Coinut
Coinut is a cryptocurrency exchange headquartered in Singapore, which also has a subsidiary office in Canada. It has been providing services for spot trading with digital assets since 2013. Today, more than 1 million crypto traders worldwide use Coinut trading apps. The exchange is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as an MSB (Money Services Business). Its clients can trade 10 cryptocurrencies, including in pairs with US dollars. The priority fiat currency on Coinut is the Singapore dollar (SGD), but it also accepts and allows withdrawing in USD and CAD.
| 💰 Account currency: | USD, SGD, CAD, and cryptocurrencies |
| 🚀 Minimum deposit: | 100 SGD, there is no minimum deposit amount for cryptocurrencies |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | Maker: 0% - 0,45% Taker: 0,1% - 0.5% |
| 🔧 Instruments: | Fiat-to-crypto, crypto-to-crypto |
| 💹 Margin Call / Stop Out: | No |
Coinut Pros and Cons
👍 Advantages of trading with Coinut:
•there is no minimum deposit amount for cryptocurrencies;
•differentiation of trading commissions depending on the type of order and trading volume;
•availability of a license from the regulator of Canada;
•the ability to place limit orders with zero commission;
•access to trading from any device connected to the internet;
•availability of a referral program with long-term reward payments;
•simple and fast registration with the ability to switch to demo mode.
👎 Disadvantages of Coinut:
•there are no investment programs, including staking;
•only a small range of trading assets; XRP, BCH, and DASH are not available;
•the slow response by the technical support team.
Trading Conditions for Coinut Users
Before you start working with an exchange, it is important that you evaluate its trading conditions. Coinut offers traders the following conditions.
| Minimum deposit, USD or USDT | 10 |
| Futures leverage | Not allowed |
| Spot leverage | Yes |
| Coins Supported | 10 |
| Affiliate program | Yes |
| Replenishment / Withdrawal | Cryptocurrencies, Visa, MasterCard, wire transfer, telegraphic transfer, Google Pay, Apple Pay, Xfers, domestic cheque, and iBanking |
| Trading features | Makers can trade with zero commission |
|
|
Coinut's Fees
We compared XXX's fees with the top two competitors to provide a clear understanding of how affordable the exchange is for its users.
| Coinut | Kraken | OKX | |
|---|---|---|---|
| Spot Taker fee, % | 0.1 | 0.4 | 0.1 |
| Spot Maker fee, % | No |
0.25 | 0.08 |
| Futures Taker fee, % | No |
0.05 | 0.05 |
| Futures Maker fee, % | No |
0.02 | 0.02 |
| Withdrawal fee | 0.001 BTC 0.01 ETH | 0.0005 BTC | 0.0004 BTC 2.6 USDT |
The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of Coinut commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.
If the turnover during the past 30 days is less than $10,000, makers pay the exchange a commission of 0%-0.45% of the transaction amount, and takers pay 0.1%-0.5%. Depending on the trading volume, each Coinut client is assigned one of four levels — from VIP 1 to VIP 4. Makers pay zero commission for trading crypto-to-crypto pairs, and for crypto-to-USD, SGD, XSGD, and CAD pairs the commission is from 0% to 0.4% of the transaction amount. The exchange withholds 0.3%-0.45% from takers for trading pairs with fiat currency and 0.1% for all other pairs of cryptocurrencies. For the withdrawal of SGD via Xfers, a commission of 0.55% of the transaction amount is charged. For the transfer of cryptocurrencies to external wallets, traders pay 0.0004 BTC, 0.003 ETH, 0.001 LTC, and 0.04 XMR. There is no commission for deposited funds. Analysts at the Traders Union estimated the average commission for a $10,000 transaction.
| Account type | Spread (minimum value) | Withdrawal commission |
| Normal | Taker - $30 Maker - $22.5 |
Yes |
| VIP 1 | Taker - $27.5 Maker - $20 |
Yes |
| VIP 2 | Taker - $25 Maker - $17.5 |
Yes |
| VIP 3 | Taker - $22.5 Maker - $15 |
Yes |
| VIP 4 | Taker - $20 Maker - $0 |
Yes |
Investment programs of Coinut
It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. Coinut offers the following passive income options.
The Coinut Exchange is intended for active cryptocurrency trading. Investors for whom passive income is a priority are limited to the referral program.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.
Coinut's affiliate program
The exchange pays the partner cashback from the referee’s trading commission. The cashback amount is 30%. The program is valid for 2 years from the moment the referee opens his account. The money is credited once a month.
A partner’s reward is paid only if the referee has fulfilled the following three conditions: he has verified his identity (KYC), placed market orders, and reached a volume of $5,000 within 180 days from the date of registration.
Conclusion. Is Coinut good for beginners?
The Coinut cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, Coinut could be considered as a good cryptocurrency exchange for a start.
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FAQ
What do I need to know about the fees charged by cryptocurrency exchanges?
The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.
How do I choose a reliable cryptocurrency exchange?
Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.
How many cryptocurrencies could a crypto exchange offer?
The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.
What are the risks of investing in cryptocurrencies?
Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
