KoinBX Review 2025

KoinBX offers 200+ cryptocurrencies for spot trading with a minimum fee of 0.25%. The exchange rewards its affiliates with up to 0.000018 BTC. The centralized platform is available in 50+ countries with a mandatory KYC.

KoinBX; The Exchange's Information and Regulation

Previously known as Koinbazar, the exchange rebranded to KoinBX in February 2023. Saravanan Pandian founded the company in 2018.

The platform is fully regulated and registered with the Financial Intelligence Unit (FIU). KoinBazar has listed 200+ cryptocurrencies and offers spot trading. Key features of KoinBX:

• FIU registered with REID: VA00048773
• 24/7 customer support
• INR trading pairs

KoinBX Exchange Specific Features

The crypto exchange offers crypto trading with a budget as low as INR 100. Let’s examine KoinBX offerings.

KoinBX User Levels

The exchange doesn’t offer traditional user levels and fee discounts based on trading volume. This can be a letdown for high-volume traders seeking to maximize profitability.

KoinBX Trading and Non-Trading Costs

While the trading fee for most pairs is 0.25% for makers and takers, a few trading pairs incur different rates, including:

KoinBX doesn’t charge deposit commissions. However, crypto withdrawals include a network fee.

Listed Cryptocurrencies on KoinBX

KoinBazar has listed over 200 cryptocurrencies and 225+ trading pairs. Trading pairs are available in 4 markets, including BTC, ETH, USDT, and INR. Some of the popular digital assets available on KoinBX:

• ADA
• ALGO
• ARB
• BCH
• BNB
• BONK
• DOGE
• ETC
• LINK
• LTC
• NEAR
• PEPE
• SOL
• TON

Does KoinBX Support Futures Trading?

At the time of writing this KoinBX review, the platform does not support futures trading. The exchange focuses primarily on spot trading, offering a straightforward platform for buying and selling cryptocurrencies.

Account Opening and KYC

Opening an account on KoinBX is straightforward. The company strongly emphasizes KYC (Know Your Customer) procedures to ensure regulatory compliance.

1. Visit the exchange’s official website;
2. Click “Register”;
3. Fill out the signup form;
4. Verify your email address by OTC;
5. Click the verification link sent to your email;
6. Complete the personal information form;
7. Click “Start KYC Verification”;
8. Provide proof of ID (national ID or driving license), proof of address (utility bill or bank statement), and proof of bank account.
9. Complete the liveness check on the Shufti platform.

Security Measures

Strong security is one of the upsides in this KoinBX review. The exchange has implemented state-of-the-art security protocols such as two-factor authentication (2FA) and cold storage.

• Two-factor authentication (2FA)
• Cold storage
• Regular security audits and penetration testing
• Encryption of sensitive user data
• Strict KYC and AML procedures
• Multi-signature wallets for large transactions
• 24/7 monitoring for suspicious activities

KoinBX Payment Methods

The platform supports fiat and crypto payments. INR transactions are processed via IMPS, NEFT, and RTGS. The minimum fiat deposit is INR 100, and the following are limitations for popular cryptocurrency payments:

User Satisfaction

The KoinBX Trustpilot profile has been closed due to a breach of guidelines. The exchange is listed as the crypto exchange number #210 on CoinMarketCap. CoinGecko experts have also rated the platform as a poor exchange, giving it a score of 3 out of 10.

KoinBX Growth or Investment Plans

The exchange features a staking service called “Earnings”, offering annual interest rates on certain crypto assets, including:

Writer's Opinion and Conclusion

KoinBX provides access to 225+ trading pairs in 4 markets, including USDT, BTC, ETH, and INR.

The exchange accepts IMPS, NEFT, and RTGS for INR deposits with a minimum requirement of INR 100. CoinGecko has rated the platform 3 out of 10.