CoinBene reviews, contacts & details Spot Exchanges Crypto services

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Additional security is also provided on the CoinBene platform with the use of Google Authenticator (2FA authentication), which can be downloaded both on a laptop or a mobile. Once activated, the Google Authenticator sends a code to the user’s device to verify that it is he who is trying to access the CoinBene account. The “Settings” button on the candlestick graph lets traders change the default style to bars, Heikin Ashi, hollow candles, line, or area charts. Traders can also adjust colors, wicks, borders, scale location, override minimum tick, backgrounds, and time zones. The exchange is supported by a robust mobile app that is compatible with both Apple and Android devices and helps traders to trade on the go.

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society coinbene united states and the economy. No, users from the United States are not allowed to use Coinbene exchange. There is also a dedicated FAQ section on the exchange website consisting of common queries raised by traders with their ready solutions. CoinBene features an intuitive trading view with professional chart lines and trading tools that leads to a more comprehensive view and functionality of the platform.

  1. It should be noted that none of the two cryptocurrency exchanges have put out exact figures of the sums they’ve lost, and none have responded to requests for comments from ZDNet.
  2. Their office address is located at No. 1 Coleman Street, The Adelphi, Singapore (179803).
  3. Traders can also adjust colors, wicks, borders, scale location, override minimum tick, backgrounds, and time zones.
  4. If indeed the hack theory is correct, it would explain the movement of the other three tokens not involved in the attack.

” and “Operations Guide Introducing“, can be found below the main navigation bar. CoinBene employs top-notch security mechanisms throughout its platforms- in both the web and mobile versions. Moreover, it has entered into robust technological partnerships with leading security giants like Komodo and McAfee to add an extra layer of security to protect clients’ money and funds. Traders registered on the CoinBene platform can trade any of their preferred crypto pairs like BTC/USDT, LTC/USDT, ETH/USDT, ETH/BTC, BCH/USDT, LTC/BTC, etc. Traders need to deposit only cryptocurrencies to begin trading on CoinBene. Cryptwerk is useful for people who wants to spend cryptocurrency directly, without exchanges or banking cards.

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A report by Bitwise Asset Management earlier in March had identified CoinBene as one of the platforms engaged in wash trading. On Monday (March 25, 2019), there were massive outgoing transactions from CoinBene’s hot wallet to an unknown wallet that did not exist prior to that Monday. These transactions reportedly involved every single ERC-20 token (totaling 109) held by the company. Earlier today, one of the exchange’s administrators posted another Telegram message with the hacker’s wallets that are currently storing stolen DragonEx funds. DragonEx sad the hacker transfered funds to other exchanges, but they were able to recover some of the money, but not all.

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CoinBene works much like other leading cryptocurrency exchanges by linking the buyers and sellers of bitcoin and executing trade between them. It charges a nominal trading fee which is much below the global industry average. On the right, users can find the market chart for the cryptocurrency pair that they have selected. Right above the graph, there is a chart displaying the current price, the reference price, 24-hour volume, and the change in percent of the crypto pairs selected. The graph resembles a candlestick chart that can hover over any point to help traders view the specific values for the open, close, high, and low points along with the specific time and date. Traders can also adjust the time intervals to 5, 15, or 30 minutes, 1 or 4 hours, 1 day, 1 week, or 1 month accordingly.

These 12 addresses are also fairly new — created around the same period as the suspected hack. The inbound transactions from CoinBene are the first recorded in all 12 addresses. Users on the platform had begun to report issues concerning pending deposits, which is often a sign that an exchange has fallen victim to cybercriminals. CoinBene has grown rapidly and won universal acclaim from its users. We consistently rank among the Top 10 exchanges on CoinMarketCap.

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You will then see a deposit address, both listed out and as a QR code. The Elementus report provided the first definitive glimpse of the monetary value of these fund transfer, which stood at $105 at the time. According to the report, the fact that the ERC-20 tokens removed from CoinBene’s wallet were subsequently sold could point to the fact that the platform had been hacked. Rumors of the hack only added to the negative press surrounding CoinBene, following a previous revelation that the platform was inflating its trading volume.

As of press time, no one from MaxiMine has responded to Cointelegraph’s request. A lot of the following observations and deductions first appeared on Edward’s blog post published earlier in April. According to the blog post, examining the chain of events throws up some irregularities in the dealings between CoinBene and MaxiMine. The conversation with the individual yielded little result, as the CoinBene employee simply asked Brierley to facilitate an 18.4 million UDOO transfer from Howdoo’s treasury to cover the lost tokens.

As the password is created, the system will show its strength and users can adjust it accordingly. The option to sign up using email is by default, users can also sign up on the platform using their smartphones if they wish to. To do this, instead of entering the email and password, users need to click on the “Cellphone” option below the blue “Sign Up” button on the right. After this, an activation or account verification mail or SMS (in case the registration is done via a cell phone number) will be sent to the user’s registered email or phone number. Clicking on them will automatically activate and verify their account on CoinBene.

There wasn’t much info available about partnerships with the exchange until September 2018. Blockchain/crypto companies that are also part of the McAfee alliance include Docademic, Apollo, Ethershift, and several others. Yes, there are many crypto-to-crypto exchanges that don’t have such strict requirements. Still, once the initial KYC check is complete, you should expect any subsequent withdrawals to be processed much faster. For people who are new to crypto or for those who would like to directly exchange between crypto and fiat, CoinBene is not the best option. However, if you already have cryptocurrency funds, CoinBene could certainly be a good option.

Crypto Exchange Coinbene Announces Ongoing Maintenance While Customers Suspect Hack

Of the total Coni, 40 percent is held by the team, 30 percent is allocated for an air drop for participants, 10 percent is reserved for marketing, and the final 10 percent is for the investor protection fund. The “team-held” portion of Coni is for feature development, technical maintenance plus upgrades for CoinBene, and research support. Instead, 10 percent will be released a year later; 20 percent two, three, and four years later; and 30 percent five years later. Meanwhile, Brierley says CoinBene still allowed people to trade nonexistent udoo tokens on the platform. CoinBene was trying to devalue udoo’s price so it could easily cover its losses from the suspected hack. CoinBene does not accept any other deposit method than cryptocurrencies, so new crypto investors are actually restricted from trading at this exchange.

CoinBene Summary

A CoinBene review claims that the exchange supports over 170 digital assets listed on the platform and available for trading. In their claim to be a secure cryptocurrencyasset exchange, they https://cryptolisting.org/ failed to provide details of how they intend to provide that security. This information is very important to traders because hackersoften target cryptocurrency exchanges for their attacks.