Days later, MaxiMine would issue a new smart contract and send 1.9 billion MXM ($200 million) to CoinBene. However, there is a problem with this explanation, and the issue lies in the timeline of events. According to Edwards, the transfer of the three tokens not involved in the hack occurred several hours after the suspected hack took place.
- The inbound transactions from CoinBene are the first recorded in all 12 addresses.
- CoinBene only charges a network fee when users make a withdrawal.
- Though Coinbene started operations in 2017, their trade volume is very high.
- This crypto exchange lists many coins and trades them with the basic pairs BTC, ETH, and USDT.
This security feature can be downloaded both on your laptop and your mobile. Once activated, Google Authenticator will send a code to your device to verify that it is indeed the user itself who is trying to access the account. CoinBene has mobile apps for Android and Apple, for those who prefer to trade on the go.
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There are three columns displaying the coin in the pair, the value, and the percentage change. It is also possible for coins and trading pairs to become delisted. If a coin or pair is delisted, CoinBene will post this planned delisting a minimum of five calendar days ahead of time, and users will have 30 days to withdraw assets. CoinBene is a cryptocurrency exchange that offers users a simple-to-use platform for crypto-to-crypto trading.
As you can see, the fee structure at this platform constitutes a competitive advantage against the majority of other top cryptocurrency exchanges currently available. It may even makes this trading platform the best crypto exchange site for you. The website is designed in a manner simple enough for any user to navigate it easily. It follows a format that most cryptocurrency investors are used to, meaning that they will find most information exactly where they expect it to be.
The World’s Leading Trustworthy Crypto Assets Platform — CoinBene
However, some insiders suggest that the maintenance announcement is a cover for a large hack that might involve up to $40 million stolen. However, it doesn’t currently allow US investors to participate. According to the exchange website, other locations with restrictions include Cuba, Iran, North Korea, Syria, Sudan, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, and China. One more thing worth noting is that the charting is provided by TradingView, a platform that provides charting software and social networking for active traders.
Trading Platforms
In the face of volatility, CoinBene has been ever insistent on its policy of “Users First”, striving to build a new ecosystem of blockchain digital trading platforms with our team of professionals. CoinBene offers BTC, ETH, and USDT trading, and has provided services for hundreds of cryptocurrencies and tokens worldwide. The reason for excluding US-investors are primarily regulatory reasons. The US-legal regime imposes obligations on many companies accepting funds from US-investors.
Crypto Exchange Coinbene Announces Ongoing Maintenance While Customers Suspect Hack
If indeed the hack theory is correct, it would explain the movement of the other three tokens not involved in the attack. CoinBene was most likely trying to secure those tokens in its cold wallet. To find a reliable exchange where you can start an account, just use our Exchange Filters and we’ll help you find the right platform for you. The platform said that all funds are “100% secure” and promised that if any users lost funds, they’ll be compensate in full. DragonEx is believed to have lost over $1 million worth of cryptocurrency, while CoinBebe’s losses are estimated at over $45 million, according to industry observers. Receive the latest news about our cryptocurrency education courses, events, and guides.
Users can also list their coins on CoinBene, which is an added advantage on the platform. However, there are some specific requirements for crypto coins to be listed on CoinBene, meeting which the users can list their coins on the exchange. Apart from these, the CoinBene coni token holders also get a guarantee deposit and enjoy rights to list their votes.
Withdrawal fees are charged and they are also referred to as “blockchain fee.” Coinbene states that they collect the blockchain fee in order to pay the blockchain miners for their confirmations. Coinbene states that each withdrawal must be confirmed after at least 24 blockchain confirmations; a process which may take up 48 hours. User reviews affirm that withdrawal fees charged by Coinbene are extremely high when compared with other exchanges https://cryptolisting.org/ such as Kucoin and Binance. The cryptocurrency pairs are divided into three different tabs depending on whether they involve USDT, ETH, or BTC. There is no option to change the method of sorting the cryptocurrencies by price or change as with other platforms, so you must view them in the order listed. However, there is a search function in the immediate top-right corner of the listings to make it easier to find your chosen pair.
These reports, for the most part, were only discussed on social media platforms like Twitter and Telegram but have yet to make an appearance on the cryptocurrency news circuit — until now. CoinBene is a cryptocurrency exchange based in Singapore that has users coming from more than 200 countries worldwide. Some of these cryptocurrencies provide web portals where users can view the total funds coinbene united states stored inside the respective wallets. Based on a cursory search, ZDNet was able to identify accounts that stored more than $1 million in various cryptocurrencies, but the hacker is believed to have stolen much more. CoinBene is the world’s leading trustworthy crypto assets exchange. Instead, you have to scan a QR code on the CoinBene exchange website and go through a manual install.
If you’re trying to withdraw crypto from the exchange and need to quickly convert to fiat on another exchange, this is a factor to consider. While some people might expect this to be a given from a cryptocurrency exchange, the reality is that many exchanges don’t offer this functionality. Those that have good reviews are even rarer, and unfortunately, CoinBene isn’t an exception. And, many customer reviews online state that customer support is slow to respond via email, they definitely need to work with a team like the one at Salesforce. Still, CoinBene does offer a variety of customer support contact options. You can find QR codes to Telegram and WeChat support on the exchange homepage.
You must create a password that is between six and 20 digits, including letters and numbers. As you create the password, the system will tell you its strength, so you can adjust if necessary. Now, go to your email account, where you will see a message for email verification. These are some lingering questions that persist in the CoinBene saga that have so far managed to fly under the radar of the broader cryptocurrency news circuit. The victims of the situation and the cryptocurrency community at large need answers.