What it tries to be
CoinBene launched in 2017 aiming to be a global exchange for both top coins and countless niche tokens. It tries to win traders by listing new projects early and charging modest fees.
Fees, range, and typical trades
- Charges around 0.1 to 0.2 percent per trade, slightly cheaper for higher volumes.
- Lists hundreds of tokens, often picking up small DeFi or regional coins early.
- Spot market only, with BTC, ETH, USDT as core anchors.
Liquidity ups and downs
Major pairs like BTC-USDT have decent depth for small to mid trades. But lesser coins can show empty books. Even modest buys on new tokens sometimes slip the price. Liquidity also dips late hours or weekends, so big moves may distort the market.
Trading interface and mobile app
Simple charts and limit or market orders. No advanced tools, no multi-leg or algo features. Works fine for checking balances and basic trades. Mobile app mirrors desktop well enough for retail users.
Security and regulatory picture
No major licenses or published audits. They say they use cold wallets and 2FA, but no reserve proofs. Past user complaints point to patchy support and unclear responses during maintenance windows.
Who it fits best
- Small traders chasing new or obscure tokens before bigger exchanges list them.
- People wanting low fees on modest buys without advanced strategies.
Who might avoid it
- Large accounts needing stable liquidity for big orders.
- Traders demanding audits, regulation, or advanced execution tools.
Pros and cons
- Pros: Huge token variety, low fees, often lists new projects early.
- Cons: Patchy liquidity, no deep tools, lacks regulatory clarity or reserve audits.
Final verdict
CoinBene works for small speculative plays and grabbing fresh tokens before they hit bigger venues. Fees stay low, the app is simple, and listings come early. But lack of regulation, thin liquidity, and weak support mean it’s best kept as a side platform for minor bets, not serious capital.