Coinrate Overview
Coinrate started as a simple crypto exchange that promised low fees and basic spot trading. It offered BTC, ETH, and a handful of altcoins. With no fiat deposits or margin, users had to fund accounts by sending crypto from elsewhere, keeping it narrow and minimalist.
For a while, it worked. But that didn’t last long.
Quick snapshot: Pros & cons
- Pros: Used to charge just 0.15%-0.20%, had a clean UI, and supported altcoin spot pairs.
- Cons: Now inactive, no live books, no fiat, no regulation, plus many frozen fund complaints.
Where is Coinrate today?
It’s basically gone. Data sites show zero volumes, delisted pairs, and dead liquidity. Late-stage users often faced slow or failed withdrawals and no support replies. In crypto, these are bright red flags of financial or operational collapse.
Why this matters for traders
- Locked funds: Money on inactive platforms rarely comes back.
- Data risks: With no team maintaining security, KYC or wallet data might be exposed.
- No recourse: No licenses mean little hope of recovering losses legally.
Most even high-risk traders pull back as soon as these issues pop up.
Lessons learned from Coinrate
- Check daily trading volumes. Near-zero is a huge warning sign.
- Look for fresh posts on social channels. Silence is deadly.
- Scan user reviews for stuck withdrawals or ghosted tickets.
- Never keep more on unlicensed exchanges than you actively trade.
Those who waited too long on Coinrate saw balances locked indefinitely.
FAQ
- Is Coinrate still working? No. It’s inactive, with dead order books and zero meaningful trading.
- Did it ever support fiat? Never. Only crypto-to-crypto trades, no cards or bank deposits.
- What were the fees like? About 0.15%-0.20% per trade when it was live, slightly below mid-tier norms.
- Is it safe to leave funds there? Absolutely not. With no activity, oversight, or support, it’s too risky. Try to withdraw if you can.