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 Pros & Cons

We must mention in this KoinBX review that the exchange offers Staking services and a Spot market. However, like any other platform, KoinBazar has weaknesses, too.

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:

While this is simple and transparent, it’s slightly higher than the global exchange average (maker: ~0.15%, taker: ~0.19%). KoinBX doesn’t charge deposit commissions. However, crypto withdrawals include a network fee - for instance, 0.0006 BTC or 0.009987 ETH per transaction.

peer-to-peer (P2P) transactions incur additional fees.

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

Registering with the exchange is a simple, secure process that ensures full compliance with KYC regulations. Follow these steps to gain full access to the platform.

#1 Create Your Account

Go to the exchange’s official website and click “Register.” Fill in the sign-up form with your basic details.

#2 Confirm Your Email

You’ll receive an email via OTC verification. Open it and click the verification link to activate your account.

#3 Enter Personal Information

Complete the required personal details form, then click “Start KYC Verification.”

#4 Upload Documents and Pass Liveness Check

Provide the following documents to get things done with your account creation:

• Proof of Identity (ID card or driver’s license)Proof of Address (utility bill or bank statement)
• Proof of Bank Account

Complete the process with a liveness check via the Shufti platform.

Tardign Platforms

KoinBX offers its services through a web-based platform and mobile applications with access to TradingView charts and tools.

• KoinBX Android
• KoinBX iOS

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

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 Features

Let's check out the availability of some advanced features on the exchange; KoinBX Features:

Customer Support

The company offers 24/7 customer support via a ticket system and email. KoinBX Exchange support channels:

Limited contact options and the lack of a live chat feature are among the biggest letdowns in this KoinBX review.

KoinBX Growth or Investment Plans

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

Geo-Restrictions

KoinBX claims to host customers from 50+ significant countries across the globe. While specific restricted jurisdictions are not disclosed on the exchange’s official website, KoinBazar probably wouldn’t accept clients from the following countries;

• Iran
• North Korea
• Somalia
• Iraq
• United States

KoinBX Comparison Table

Let's see the differences between KoinBX services and features and its rivals; KoinBX Comparison:

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.