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
- $0.01
- Web platform
- Mobile Apps
- Spot trading with leverage
- Grid trading.
Our Evaluation of KoinBay
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
KoinBay is a high-risk cryptocurrency exchange with the TU Overall Score of 2.25 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by KoinBay 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.
KoinBay caters to both novice and experienced traders, offering tools for active and automated trading, cryptocurrency conversion, and passive income.
Brief Look at KoinBay
KoinBay, launched in December, 2023, is a centralized cryptocurrency exchange, offering different trading options, including spot, margin, futures, and ETF trading. Its users can choose between basic and advanced interfaces, and place various order types. To ensure client security, KoinBay implements multi-level account verification with KYC (Know Your Client) and KYT (Know Your Transaction) procedures. The platform supports both personal and business accounts, and offers 24/7 multilingual support.
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- Wide choice of instruments;
- Support for popular cryptocurrencies and trading pairs;
- Availability of automated features;
- Professional client support and robust security measures.
- Margin trading is subject to regional restrictions;
- No demo account.
TU Expert Advice
Financial expert and analyst at Traders Union
KoinBay users can buy and sell cryptocurrencies using bank cards or bank transfers. The platform offers both centralized (CeFi) and decentralized (DeFi) loans, allowing traders to borrow funds from KoinBay against their cryptocurrency assets.
The platform offers the DEX Swap feature, allowing its users to trade crypto directly on the blockchain using smart contracts. P2P trading is also available, enabling direct cryptocurrency conversion between platform users. To help its clients make informed trading decisions, Koinbay provides a blog with market analytics, news, and educational resources. 24/7 client service is available through a ticket system on its official website.
Koinbay supports the launch of promising early-stage projects through its Launchpad feature and offers a referral program. In 2024, it launched its native coin, KoinBay Token (KBT), currently used for trading within the KoinBay ecosystem.
KoinBay 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: | Web platform and mobile apps |
|---|---|
| 📊 Accounts: | Spot account, Margin account, P2P account, Futures (Contract) account, and Savings account |
| 💰 Account currency: | USDT, BTC, and ETH |
| 💵 Deposit / Withdrawal: | Cryptocurrencies, Visa, Mastercard, SEPA, UK Faster Payments, Revolut Pay, PiX, Google Pay, and Google Pay |
| 🚀 Minimum deposit: | 0.01 USDT |
| ⚖️ Leverage: |
1:125 for futures 1:5 for spot |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 Commission: |
Spot: 0,2%-0,2% Futures: 0,2%-0,2% |
| 🔧 Instruments: | 250 supported coins, Futures. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: |
Spot and margin: market, limit, and stop limit Futures: limit, market, and stop |
| ⭐ Trading features: |
Spot trading with leverage; Grid trading. |
| 🎁 Contests and bonuses: | Yes |
KoinBay offers spot, margin, and futures trading over 200 pairs. Fiat-to-crypto and crypto-to-fiat conversions are supported with a minimum transaction of €5-€30. No initial cryptocurrency deposit is required.
KoinBay Key Parameters Evaluation
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Regulation and safety
With a 6.75/10 score, KoinBay 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.
- Government-regulated
- No successful hacks history
- Cold wallet storage
- 2FA
- Not tier-1 regulated
- No investor protection fund
- No facial recognition
- Not U.S regulated
KoinBay Security Factors
We also compared KoinBay against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| KoinBay | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | Yes | 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 KoinBay a regulated crypto exchange?
KoinBay is regulated by a government authority, ensuring compliance with national and international standards. However, it does not hold Tier-1 regulation (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or other jurisdictions with strict financial oversight). While this regulation provides an added layer of security and legitimacy, it may not offer the highest level of investor protection found in top-tier regulatory environments.
KoinBay is authorized or licensed in accordance with local regulations in the following regions: Union of the Comoros.
Is verification (KYC) mandatory at KoinBay?
Yes, KYC verification is mandatory at KoinBay. 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 KoinBay available?
KoinBay 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, France, Italy, Poland, Belgium, Norway, Czech Republic, Japan, Finland, Bulgaria, Korea, Estonia, Austria, Denmark, Germany, Lithuania, Ireland, Slovakia, Hungary. For the most up-to-date information on regional availability, please contact KoinBay support.
Is KoinBay available in the USA?
Yes, KoinBay 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.
KoinBay commissions and fees
KoinBay received a 4.25/10 score for its commission structure, indicating that its fees are higher than the market average based on an evaluation of over 100 cryptocurrency exchanges.
- No deposit fee
- Futures fees above industry average
- Spot fee above industry average
- Withdrawal fee may be applied
What are KoinBay trading fees?
We analyzed KoinBay’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.
KoinBay trading fees vs competitors
| KoinBay | Huobi Global | WhiteBIT | Industry average | |
| Spot, maker fee (%) | 0,2 | 0,2 | 0,1 | 0.15 |
| Spot, taker fee (%) | 0,2 | 0,2 | 0,1 | 0.194 |
| Futures, maker fee(%) | 0,2 | 0,02 | 0,02 | 0.024 |
| Futures, taker fee(%) | 0,2 | 0,05 | 0,05 | 0.053 |
What are KoinBay deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0004 BTC + 10USDT |
Does KoinBay offer P2P trading?
No, KoinBay 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
KoinBay received a 6/10 rating for its deposit and withdrawal services. While KoinBay covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- Many cryptocurrencies for deposits and withdrawals
- Google Pay supported
- No deposit fees
- Bank cards accepted for instant deposits
- Withdrawal fee applies
- No PayPal option
- No P2P transfer option
Deposit and withdrawal options
KoinBay supports the following deposit and withdrawal options: Bank card, Crypto, Google Pay, Apple Pay.
KoinBay Deposit and withdrawal options vs competitors
| KoinBay | OKX | Kraken | |
| Bank transfers | No | No | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is KoinBay minimum deposit?
The minimum deposit at KoinBay is 0,01 USD/USDT or 0 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
KoinBay minimum deposit vs competitors
| KoinBay | OKX | Kraken | |
| Minimum deposit, USD or USDT | 0,01 | 10 | 10 |
| Minimum deposit, BTC | 0 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does KoinBay support fiat money?
KoinBay does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
KoinBay received a score of 6/10 in this category, reflecting a solid selection of tradable assets and markets. KoinBay supports 250 cryptocurrencies and basic trading types, although some advanced features or asset diversity may be limited compared to leading exchanges.
- Staking available
- Crypto futures available
- Crypto copy trading available
- Only 250 supported coins
- NTFs not available
KoinBay supported coins and markets vs competitors
We compared KoinBay 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.
| KoinBay | OKX | Kraken | |
| Supported coins | 250 | 329 | 278 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
KoinBay passive income options vs competitors
We also compared KoinBay 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.
Contacts
| Official site | https://www.koinbay.com/en_US/ |
|---|
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