Quick overview
Coinut (Coins U Trust) launched in 2013 with roots in Singapore and Canada. It was one of the first to offer Bitcoin options and supports fiat pairs like CAD and SGD alongside crypto trading. It still exists today, though in a reduced role compared to modern competitors.
What Coinut Offers
- Fiat-to-crypto support in CAD and SGD
- Spot trading for around seven assets including BTC, ETH, LTC, USDT, ETC
- Flat trading fees ranging 0.06% to 0.10% depending on volume tiers
- Integration with TradingView charts and desktop/mobile interfaces
- Tax reporting via downloadable CSV or read-only API
Coinut positions itself as a durable, secure fiat-friendly exchange, but errs toward simplicity over advanced features.
Liquidity and Volume
- Daily spot volume has been low lately - around $15k to $100k
- Asset list remains limited - under ten currencies with just over ten trading pairs
- Fiat volume mostly from CAD/SGD users - liquidity across many pairs is thin
- No public info on reserves or market depth
Overall usage seems limited and stable - enough for fiat bridges, but not competitive for active traders.
Fee Structure
- Maker/taker fees range from 0.06% to 0.10% depending on monthly volume
- Deposit and withdrawal fees are minimal, varying by currency
- Referral bonus program exists, though many users report issues redeeming rewards
Fees are average-to-competitive, but bonus payouts appear unreliable.
Trust and User Feedback
- Mixed user ratings - some praise reliability, others cite bonus issues and delays
- Trustpilot scores suggest moderate satisfaction, with several complaints about promotions
- Some crypto forums flag the platform as outdated, while others respect its long history
- No major scams reported, but transparency and responsiveness are questioned
Coinut isn't labeled a scam, but earns cautious trust due to limited activity and outdated systems.
Strengths
- Long operational history since 2013
- Regulated in Singapore and Canada
- Fiat on-ramps via bank transfer for CAD and SGD
- Simple user interface and tax export tools
Weaknesses
- Low trading volume and few supported assets
- No advanced trading tools beyond basic spot
- Referral program seen as unreliable by many users
- Limited support and platform development
Who It Suits
- Users looking for simple fiat-to-crypto access
- Canadian and Singaporean traders using local currency
- Long-term holders wanting major coins and tax tracking
It’s less ideal for:
- Active traders needing deep liquidity and tools
- Those expecting fast rewards or advanced features
- Users outside CAD/SGD regions
Snapshot Metrics
- Operational since: 2013
- Supported coins: ~7
- Trading pairs: ~10
- Daily volume: ~$15k to $100k
- Fee tiers: 0.06% to 0.10%
- User sentiment: Mixed to cautious
- Regulation: Registered in SG and CA
Final Take
Coinut is a quiet, legacy exchange offering fiat on-ramps and basic crypto access. It’s a reasonable choice for regional users who need CAD or SGD support and appreciate tax reporting tools. But it lacks the energy, innovation and liquidity of more competitive platforms.
For casual users in Canada or Singapore, Coinut gets the job done. For everyone else, there are better options.