Coinstore Review 2025

Coinstore offers 380+ cryptocurrencies and 410+ trading pairs in the USDT market. Some of the exchange's offerings include a $10 starter bonus for new clients and USDT staking with up to 12% APY.

The platform features an interesting 60% commission rebate for affiliates.

Coinstore; Exchange's Information and Background

COINSTORE PTE. LTD. is a centralized crypto exchange located in Singapore. It was founded in November 2020.

With 13 global offices and a team of over 300 employees, the exchange provides services in 175 countries.

CEO and Co-Founder Johnson Zhao leads the company. Coinstore key features:

• Leverage options of up to 1:100
• Raising over 45M USDT in funds for projects
• A member of the Singapore Fintech Association

Coinstore Specific Offerings

The crypto exchange offers various services, from an Earn program to trading contests and a crypto Launchpad. Let's take a closer look at Coinstore’s offerings.

Coinstore Exchange Upsides and Downsides

Coinstore was titled the best exchange in Asia by Crypto 306. The platform features a matching engine with ultra-low latency. However, like any platform, Coinstore has weaknesses, too.

Does Coinstore Offer User Levels?

One of the biggest letdowns in this Coinstore review is the lack of a tiered user-level system and volume-based fee reductions. The exchange employs a flat fee structure for all users.

Coinstore Trading and Non-Trading Costs

The exchange implements a flat maker/taker fee structure for spot and futures trading. While the fees are generally the same for all trading pairs, there are some exceptions, which we will discuss in this Coinstore review.

While the general taker fee for futures trading is 0.0006, the POL/USDT trading pair incurs a 0.0004 taker fee.

Coinstore Exchange Digital Assets

The platform has listed 380+ cryptocurrencies and offers 410+ trading pairs in the USDT market, including:

• Bitcoin (BTC)
• Ethereum (ETH)
• USDCoin (USDC)
• Binance Coin (BNB)
• Solana (SOL)
• Cardano (ADA)
• Polkadot (DOT)
• Ripple (XRP)
• Dogecoin (DOGE)
• Avalanche (AVAX)

Coinstore Futures Trading

The exchange provides USD-M Perpetual Futures trading with leverage options of up to 1:100. There are 32 digital assets on the Coinstore’s futures platform in the USDT market, including:

• BTC
• ETH
• TRX
• BNB
• UNI
• ADA
• EOS
• XRP
• FIL
• LUNA
• THETA
• KSM
• DOT
• DOGE
• ATOM

Coinstore Registration and KYC

The exchange requires clients to complete the KYC verification procedure. By doing so, the platform will increase your withdrawal limits. Here’s a step-by-step guide to Coinstore registration:

1. Visit the exchange’s official website;
2. Click “Register”;
3. Fill out the account opening form;
4. Enter the OTC sent to your email;
5. Enable Google Authenticator for account security.

To continue with the Coinstore verification procedure, you must download the exchange’s mobile application, login to your account, click “KYC”, and provide the following documents:

• Government-issued photo ID
• A selfie while holding your ID and a handwritten text containing Coinstore UID, signature, and date

Coinstore App and Trading Platform

The exchange has developed a web-based trading platform and mobile applications in partnership with Trading View to provide charts and tools.

• Coinstore Android
• Coinstore iOS

TradingFinder has developed a wide range of TradingView indicators that you can access for free.

Coinstore Exchange Safety Measures

The platform mandates users to enable two-factor authentication for additional account security. Coinstore also has implemented several security factors, including:

• Cold storage (70% of user funds)
• Multi-signature wallets to store funds
• AES-256 protocol for data encryption
• Storing user data on FIPS-140 USB drives and paper backups
• 2FA
• Employee background check

Coinstore Funding and Withdrawal Methods

Coinstore's primary deposit and withdrawal method is crypto payment. While the exchange doesn’t directly support fiat currencies, it has partnered with Mercuryo as a third-party payment solution.

Users can purchase or sell USDT and USDC with 17 fiat currencies through Mercuryo. Available payment methods on Mercuryo:

• VISA
• MasterCard
• Bank Wire

Crypto deposits are free of charge. However, traders must pay network fees for crypto withdrawals. The third-party provider may charge commissions for fiat transactions.

Coinstore Trust Scores

The exchange has received mixed feedback from users and experts. There are 204 Coinstore reviews on Trustpilot, most of which are negative, complaining about technical issues, lengthy support procedures, and fraudulent activities through the Launchpad service.

• Coinstore Trustpilot: 2.3 out of 5
• CoinGecko: 8 out of 10

Customer Support

Coinstore exchange provides 24/7 support through various channels, including email, ticket, and live chat. However, the lack of a call center is a disappointment.

• Email: support@coinstore.com
• Ticket: Via “Support Center”
• Live Chat: Available on the official website

Coinstore Investment or Growth Plans

While the exchange doesn’t offer crypto copy trading software, it features regular trading contests, Earn service, and an Affiliate program.

• Contests: Regular trading contests with prize pools
• Earn: Fixed interest rate on USDT assets with APY of up to 12% for a 360-day lock period
• Affiliate: Up to 60% commission rebate

Coinstore Exchange Prohibited Countries

To ensure operating within legal boundaries and compliance with regulatory requirements, Coinstore does not offer services to residents of the following countries or regions:

• Mainland China
• Hong Kong
• Singapore
• Iran
• North Korea
• Syria
• United States and U.S. Territories

Writer's Opinion and Conclusion

Coinstore provides access to 32 Perpetual Futures trading pairs with leverage options of up to 1:100. It supports 17 fiat currencies for USDT and USDCbuy/sell through the Mercuryo payment solution. The exchange has a poor score of 2.3 out of 5 on Trustpilot.