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 INR
- Web platform
- Mobile Apps
- Only Indian rupees are available as fiat currency
Our Evaluation of Koinbazar
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
Koinbazar is a high-risk cryptocurrency exchange with the TU Overall Score of 2.65 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Koinbazar 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.
Koinbazar is a cryptocurrency exchange for transactions with digital assets, including the purchase of cryptocurrencies for rupees. It does not provide leverage to its clients, so they can only trade using their own capital.
Brief Look at Koinbazar
Koinbazar is an Indian cryptocurrency exchange that is available to traders worldwide. It offers access to trading 65 cryptocurrencies through mobile apps and a proprietary web platform. Koinbazar has been operating since September 2020 and is a centralized exchange. It focuses on active spot trading with the trader's own funds. Koinbazar offers educational and analytical materials, welcome bonuses and provides professional customer support 24/7 via email. You can list your own digital coin or token on the exchange, and you can also create a corporate account.
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- low entry threshold for a trader with any amount of free capital — there are no minimum deposit requirement in cryptocurrencies;
- zero fees for 10 pairs with XRP, GRT, MATIC, SFP, SUPER and WBTC — for both makers and takers;
- a wide range of cryptocurrencies, including rare ones;
- placing orders in user-friendly trading apps based on TradingView service;
- referral program and bonuses for new clients;
- customer support 24/7;
- t11 timeframes and more than 60 technical indicators in trading platforms.
- only one fiat currency is supported — the Indian rupee;
- there are no investment programs for earning passive income;
- it is not possible to deposit fiat money to the wallet from cards, only via a bank transfer with payment of an additional commission.
TU Expert Advice
Financial expert and analyst at Traders Union
Koinbazar is an exchange for spot trading of cryptocurrencies. It is based in India, so the only fiat currency available is rupees (INR). At the same time, Koinbazar is an international exchange and provides services worldwide. It is focused on traders who trade cryptocurrency pairs and are not tied to transactions in dollars, euros, pounds sterling and other fiat currencies. Currently, the clients of Koinbazar can buy and sell more than 65 digital assets using INR or other cryptocurrencies.
The developers of this exchange have chosen general software. For example, the Koinbazar trading platform shows TradingView charts that are popular all over the world. Mobile apps, technical support and a trading web platform are available in English. If a trader lives in India, then he can become a client of the exchange after reaching the age of 21. Traders from other countries can register from the age of 18.
The exchange has its native cryptocurrency — Koin Bazar Coin (KBC ticker). It runs on the Ethereum blockchain according to the ERC 20 standard and has a fixed limit of 100 million coins. Koinbazar regularly offers welcome bonuses to new clients. All traders registered in 2022 who have passed verification receive 500,000 SAITAMA coins. Previously, the exchange credited bonuses in the form of Buff Doge and Shiba Inu coins.
Koinbazar Summary
| 💻 Trading platform: | Mobile apps, and a web platform based on TradingView |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | INR, cryptocurrencies |
| 💵 Deposit / Withdrawal: | Bank transfer, cryptocurrency transactions |
| 🚀 Minimum deposit: | Fiat currencies — 100 INR, cryptocurrencies — any amount |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | Fiat currencies — 100 INR, cryptocurrencies — any amount |
| 💱 Commission: | Spot: 0,1%-0,1% |
| 🔧 Instruments: | 40 supported coins, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Limit, Market |
| ⭐ Trading features: | Only Indian rupees are available as fiat currency |
| 🎁 Contests and bonuses: | Welcome bonus (periodically), regular contests with monetary rewards |
Koinbazar has no requirements for deposits in cryptocurrency and loyal requirements for deposits in fiat, for example, 100 INR is worth 1.25 USD at the time of writing this review. At the same time, withdrawal limits are applied on the exchange: minimum amounts are 0.001 BTC, 0.2 ETC, and 0.05 LTC.
Koinbazar Key Parameters Evaluation
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Regulation and safety
With a 6.75/10 score, Koinbazar 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
- Cold wallet storage
- 2FA
- No successful hacks history
- No investor protection fund
- Not U.S regulated
- No facial recognition
- Not tier-1 regulated
Koinbazar Security Factors
We also compared Koinbazar against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Koinbazar | 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 Koinbazar a regulated crypto exchange?
Koinbazar 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.
Koinbazar is authorized or licensed in accordance with local regulations in the following regions: India.
Is verification (KYC) mandatory at Koinbazar?
Yes, KYC verification is mandatory at Koinbazar. 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 Koinbazar available?
Koinbazar complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Ukraine, Spain, United Kingdom, Nigeria, Malaysia, South Africa, Australia, Canada, Pakistan, Philippines, Israel, Cyprus, Sweden, Latvia, Romania, Portugal, Switzerland, Netherlands, Singapore, Indonesia, Kenya, UAE, Iran, Islamic republic, Turkey, France, Bangladesh, Thailand, Italy, Egypt, Poland, Sri Lanka, Belgium, Norway, Saudi Arabia, Brazil, Vietnam, Czech Republic, Greece, Japan, Uganda, Ghana, Morocco, Finland, Bulgaria, Korea, Algeria, Azerbaijan, Estonia, Argentina, Peru, Austria, Chile, China, Mexico, Denmark, Germany, Kazakhstan, Uzbekistan, Colombia, Moldova, Kyrgyzstan, Venezuela, Lithuania, Ireland, Slovakia, Georgia, Tajikistan, Armenia, Hungary, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, 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 Koinbazar support.
Is Koinbazar available in the USA?
Yes, Koinbazar 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.
Koinbazar commissions and fees
Koinbazar received a 7.45/10 score for its trading fees. While Koinbazar 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 Koinbazar trading fees?
We analyzed Koinbazar’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.
Koinbazar trading fees vs competitors
| Koinbazar | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,1 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,1 | 0,22 | 0 | 0.194 |
What are Koinbazar deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0005 BTC 0,005 ETH |
Does Koinbazar offer P2P trading?
Yes, Koinbazar offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.Koinbazar P2P Fees
Deposit and withdrawal
Koinbazar received a 5/10 rating for its deposit and withdrawal services. While Koinbazar covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- P2P for flexible transfers
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- Bank transfers for deposits and withdrawals
- No support for bank card payments
- No Google Pay option
- Withdrawal fee applies
Deposit and withdrawal options
Koinbazar supports the following deposit and withdrawal options: Bank Wire, Crypto.
Koinbazar Deposit and withdrawal options vs competitors
| Koinbazar | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is Koinbazar minimum deposit?
The minimum deposit at Koinbazar is 1,25 USD/USDT or 0,001 BTC. The minimum trade size is 10 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Koinbazar minimum deposit vs competitors
| Koinbazar | OKX | Kraken | |
| Minimum deposit, USD or USDT | 1,25 | 10 | 10 |
| Minimum deposit, BTC | 0,001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 10 | 0,00001 | 1 |
Does Koinbazar support fiat money?
Koinbazar supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
Koinbazar received a score of 2/10 in this category, indicating a modest offering of assets and markets. While Koinbazar 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
- Crypto futures not available
- Yield farming not available
Koinbazar supported coins and markets vs competitors
We compared Koinbazar 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.
| Koinbazar | OKX | Kraken | |
| Supported coins | 40 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
Koinbazar passive income options vs competitors
We also compared Koinbazar 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.
Trading apps & tools
Koinbazar received a score of 5.9/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- Mobile indicators allowed
- App data protection with 2FA
- Advanced tools and automation with API
- iOS App score 3
- Android App score below 4 points
- No Face ID
Trading apps
Koinbazar provides web and mobile apps for both Android and iOS users, with an average rating of 3 on the App Store and 3,8 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the Koinbazar platform is for mobile use.
| Koinbazar | Bybit | |
| 2FA | Yes | Yes |
| Face ID | No | Yes |
| Mob Indicators | Yes | Yes |
| Alerts | Yes | Yes |
| Advanced Orders | No | Yes |
| Trading with bots | No | Yes |
| API | Yes | Yes |
| Extra trading platforms | No | MT4 |
Does Koinbazar offer a desktop app?
No, Koinbazar does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does Koinbazar offer advanced charting with TradingView integration?
No, Koinbazar does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Foundation date | 2017 |
|---|---|
| Registration address | Chennai, Tamil Nadu, India |
| Official site | http://koinbazar.com/ |
| Contacts |
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