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
- 0.5 USDC
- Web platform
- Mobile Apps
- Single fee rate for all users
Our Evaluation of KoinBX
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
KoinBX is a high-risk cryptocurrency exchange with the TU Overall Score of 2.1 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by KoinBX 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.
KoinBX is a reliable and user-friendly platform for trading a variety of cryptocurrencies, offering a transparent fee structure. The exchange specializes in spot trading and does not provide services for passive investors.
Brief Look at KoinBX
KoinBX is a centralized cryptocurrency exchange registered with the Financial Intelligence Unit (FIU) of India under number VA00048773. It serves over 1.5 million users, primarily focusing on residents of India, the UAE, and South and West Asia. The platform supports the Indian rupee (INR) as its fiat currency. KoinBX provides access to spot trading of over 200 cryptocurrencies. It is known for its deep liquidity, a unified trading fee structure, and a user-friendly and secure interface for managing digital assets. KoinBX has a native token, KBX, which is accrued to users for trading other cryptocurrencies.
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- User-friendly interface suitable for novice and experienced traders;
- Wide range of cryptocurrencies and support for INR;
- Welcome bonuses and trading contests;
- Competitive trading and withdrawal fees.
- No support for futures trading;
- No demo mode.
TU Expert Advice
Author, Financial Expert at Traders Union
KoinBX is a centralized cryptocurrency exchange that offers spot trading over 200 cryptocurrencies, with a strong focus on the Indian market and INR-supported trading pairs. The platform provides a unified fee structure with competitive trading and withdrawal costs. Features include a user-friendly interface, mobile trading apps, a native KBX token for trading incentives, and continuous improvements to enhance user experience. KoinBX also serves its users with welcome bonuses and periodic trading contests, making it an attractive choice for active traders seeking a straightforward trading environment.
However, KoinBX has several drawbacks, such as the lack of futures trading and limited educational resources for novice traders. Additionally, it does not support demo accounts or staking, which could limit its appeal to experienced or international traders. While the platform's regulatory oversight by the Financial Intelligence Unit of India ensures some security standards, it may not provide the comprehensive protection available in Tier-1 regulated environments. Thus, KoinBX is more suitable for traders focusing on straightforward spot trading within the supported regions.
KoinBX 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: | Individual and Corporate |
| 💰 Account currency: | INR and cryptocurrencies |
| 💵 Deposit / Withdrawal: | Cryptocurrencies, NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service) |
| 🚀 Minimum deposit: | 0.5 USDC or 2 USDT |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 Commission: | Spot: 0,25%-0,25% |
| 🔧 Instruments: | 116 supported coins, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Limit, market, and stop |
| ⭐ Trading features: | Single fee rate for all users |
| 🎁 Contests and bonuses: | Yes |
KoinBX currently does not support futures trading. The platform focuses on spot cryptocurrency trading, allowing users to buy, sell, and swap various digital assets. Over 250 trading pairs are available.
KoinBX Key Parameters Evaluation
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Regulation and safety
With a 6.75/10 score, KoinBX 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.
- No successful hacks history
- Cold wallet storage
- 2FA
- Government-regulated
- Not U.S regulated
- No investor protection fund
- No facial recognition
KoinBX Security Factors
We also compared KoinBX against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| KoinBX | 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 KoinBX a regulated crypto exchange?
KoinBX 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.
KoinBX is authorized or licensed in accordance with local regulations in the following regions: India.
Is verification (KYC) mandatory at KoinBX?
Yes, KYC verification is mandatory at KoinBX. 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 KoinBX available?
KoinBX 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, Slovenia, Croatia, Montenegro. For the most up-to-date information on regional availability, please contact KoinBX support.
Is KoinBX available in the USA?
Yes, KoinBX 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.
KoinBX commissions and fees
KoinBX received a 5.2/10 score for its trading fees. While KoinBX is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- No deposit fee
- Spot fee above industry average
What are KoinBX trading fees?
We analyzed KoinBX’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.
KoinBX trading fees vs competitors
| KoinBX | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,25 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,25 | 0,22 | 0 | 0.194 |
What are KoinBX deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0006 BTC 0,009987 ETH |
Does KoinBX offer P2P trading?
No, KoinBX 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
KoinBX received a 2.5/10 rating for its deposit and withdrawal services. KoinBX offers limited funding options and may charge fees, which could be inconvenient for many users.
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- No support for bank card payments
- No PayPal option
Deposit and withdrawal options
KoinBX supports the following deposit and withdrawal options: Crypto.
KoinBX Deposit and withdrawal options vs competitors
What is KoinBX minimum deposit?
The minimum deposit at KoinBX is 2 USD/USDT or 0,00002 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
KoinBX minimum deposit vs competitors
| KoinBX | OKX | Kraken | |
| Minimum deposit, USD or USDT | 2 | 10 | 10 |
| Minimum deposit, BTC | 0,00002 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does KoinBX support fiat money?
KoinBX does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
KoinBX received a score of 2.5/10 in this category, indicating a modest offering of assets and markets. While KoinBX 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
- Yield farming not available
- Crypto futures not available
KoinBX supported coins and markets vs competitors
We compared KoinBX 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.
| KoinBX | OKX | Kraken | |
| Supported coins | 116 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
KoinBX passive income options vs competitors
We also compared KoinBX 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
KoinBX received a score of 6.9/10 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.
- Automated trading with bots
- App data protection with 2FA
- Advanced tools and automation with API
- Mobile indicators allowed
- No Face ID
- No standalone desktop access
- iOS App score 3
Trading apps
KoinBX 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 KoinBX platform is for mobile use.
| KoinBX | |
| 2FA | Yes |
| Face ID | No |
| Mob Indicators | Yes |
| Alerts | Yes |
| Advanced Orders | Yes |
| Trading with bots | Yes |
| API | Yes |
| Extra trading platforms | No |
Does KoinBX offer a desktop app?
No, KoinBX 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 KoinBX offer advanced charting with TradingView integration?
No, KoinBX does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Official site | https://koinbx.com/ |
|---|
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