KoinBay Review 2026
Learn more about TU’s methodology
- $0.01
- Web platform
- Mobile Apps
- Spot trading with leverage
- Grid trading.
Our Evaluation of KoinBay
Learn more about TU’s methodology
KoinBay is a high-risk cryptocurrency exchange with the TU Overall Score of 2.96 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.
How we tested KoinBay
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
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 Verdict
Chief Analytics Officer
KoinBay is a centralized cryptocurrency exchange launched in December 2023, offering spot, margin, futures, and ETF trading across 250 supported coins, with leverage up to 1:125 for futures and 1:5 for spot. The platform can be accessed via web and mobile apps, provides both personal and business accounts, and features multi-level KYC and KYT verification processes. Users benefit from a choice between basic and advanced interfaces, options for passive income through staking, and 24/7 multilingual client support. Additional services include DeFi and CeFi lending, a DEX Swap for blockchain transactions, and access to early-stage projects via Launchpad.
Some disadvantages include margin trading subject to regional restrictions, the absence of a demo account, higher-than-average futures trading fees, limited 250-coin coverage, and lack of support for fiat currencies and major payment methods such as PayPal or bank transfers. KoinBay is regulated by a government authority in the Union of the Comoros, but lacks Tier-1 regulation and does not operate in the U.S. or Germany. It may not be suitable for users seeking the highest level of investor protection or the lowest trading costs.
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 |
| 💼 Copy Trading: | 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
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.
- 2FA
- Cold wallet storage
- No successful hacks history
- Government-regulated
- Not U.S regulated
- Not tier-1 regulated
- No investor protection fund
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 | Kraken | Coinbase | |
| Tier-1 regulation | No | Yes | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | No | No | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | No | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | Yes |
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.
Is KoinBay available in the USA?
KoinBay is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: Kraken, Coinbase, OKX .
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
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 | Nexus Trade | CoinMetro | Industry average | |
| Spot, maker fee (%) | 0.2 | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | 0.2 | 0.22 | 0.2 | 0.194 |
| Futures, maker fee(%) | 0.2 | 0 | 0 | 0.024 |
| Futures, taker fee(%) | 0.2 | 0 | 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.
- Bank cards accepted for instant deposits
- Google Pay supported
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- No PayPal option
- Withdrawal fee applies
- 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 | Kraken | Coinbase | |
| Bank transfers | No | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
What is KoinBay minimum deposit?
The minimum deposit at KoinBay is 1 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 | Kraken | Coinbase | |
| Minimum deposit, USD or USDT | 1 | 10 | 10 |
| Minimum deposit, BTC | 0 | 1 | 1 |
| Minimum trade amount, USD/USDT | 1 | 1 | 2 |
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
- NTFs not available
- Fiat currencies not supported
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 | Kraken | Coinbase | |
| Supported coins | 250 | 278 | 249 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | No | 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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