Crypto Trading Fee Calculator
Calculate Your Trading Costs
See how much you'd save with CoinBene's low fees versus other exchanges. Note: Low fees don't equal safety.
CoinBene
Trading Fee: 0.01%
Withdrawal: Free (blockchain fees apply)
Standard Exchange
Trading Fee: 0.5% (e.g. Coinbase)
Withdrawal: 0.5% (varies)
Is CoinBene a Real Crypto Exchange or Just Another Risky Bet?
If you're looking for a crypto exchange with near-zero trading fees and no withdrawal charges, CoinBene might catch your eye. But here’s the catch: CoinBene has been around since 2017, supports over 170 cryptocurrencies, and claims to serve users in 200+ countries - yet most people who’ve used it leave angry reviews. It’s not a scam, exactly. But it’s not safe, either. At least not by today’s standards.
Let’s cut through the noise. CoinBene isn’t on any "best of 2025" lists. It doesn’t show up in YouTube comparisons with Coinbase or Binance. And its Trustpilot rating? A flat 1.5 out of 5. That’s not a typo. That’s 34 people saying they had problems - and no one saying they loved it.
What CoinBene Actually Offers
CoinBene is a crypto-only exchange. That means no USD, no EUR, no bank transfers. If you want to trade on CoinBene, you need to already own Bitcoin, Ethereum, or another coin. You can’t buy crypto with your debit card here. You can’t deposit cash. You have to get your coins from somewhere else first.
Once you’re in, the trading fee is 0.01%. That’s half the rate of Binance and a tenth of what you pay on Coinbase. Withdrawals? Free - except for the blockchain miner fees you’d pay anywhere. That’s the one thing CoinBene does right. If you trade high volume and hate paying fees, this looks tempting.
They also have a native token called CONI. The website says it gives you fee discounts. But no one explains how much, how often, or how to earn it. There’s no whitepaper. No distribution chart. Just a name and a promise.
The Interface: Simple or Confusing?
Some reviews call CoinBene’s platform "simple and clean." Others say it’s "not user-friendly, quite complicated." Which is it?
The truth? It depends on who you are. If you’ve traded on Binance or Kraken before, CoinBene feels familiar. The charts look similar. The buy/sell buttons are where you expect them. But if you’re new? You’ll get lost.
No tutorials. No help guides. No live chat support you can actually reach. And the mobile app? Available on iOS and Android, yes - but users report crashes, slow loading, and buttons that don’t work. One person wrote: "I tried to withdraw 0.5 BTC and the app froze for 48 hours. I had to use a browser instead."
Security: What’s Missing
CoinBene says it uses two-factor authentication (2FA). Okay. That’s basic. Everyone does that.
But here’s what they don’t say:
- What percentage of funds are kept in cold storage?
- Is there any insurance fund if they get hacked?
- Who runs the company? Where are they based?
They’re registered in Singapore. That sounds good - until you realize Singapore has cracked down on unlicensed crypto platforms since 2022. CoinBene isn’t listed as a licensed provider by the Monetary Authority of Singapore. That’s not a red flag. It’s a whole traffic light in red.
And no, you can’t find the founders’ names. No LinkedIn profiles. No press interviews. No official team page. Just a website with a logo and a contact form that rarely replies.
Why Users Are Leaving
Let’s talk about the reviews. Real ones.
On Trustpilot, 34 people gave CoinBene a 1.5/5 rating. One user said: "I sent ETH to my CoinBene wallet. It disappeared. Support didn’t answer for 11 days. I lost $2,300." Another wrote: "The website says fees are low - but when I tried to trade, I got charged 0.5% anyway. They changed the rules after I deposited."
On Wikibit, someone wrote: "The transaction fees are too high!" - which directly contradicts CoinBene’s marketing. That’s not a glitch. That’s a pattern.
And here’s the kicker: no one is posting success stories. No one says, "I made 500% here." No one shares a screenshot of profits. Just complaints about locked funds, silent support, and disappearing coins.
What CoinBene Doesn’t Have
Here’s what you won’t find on CoinBene:
- Fiat on-ramps - No bank deposits, no credit cards.
- Leverage trading - No margin, no futures. You can’t go long or short.
- Staking - You can’t earn interest on your coins here.
- API access - No documentation. No bots allowed.
- Customer support - Emails go unanswered. Tickets vanish.
If you’re an advanced trader, you’ll miss the tools. If you’re a beginner, you’ll feel abandoned.
How It Compares to the Big Players
Let’s say you’re choosing between CoinBene and Coinbase.
| Feature | CoinBene | Coinbase |
|---|---|---|
| Trading Fee | 0.01% | 0.5%-1.49% |
| Fiat Support | No | Yes (100+ countries) |
| Leverage Trading | No | Yes (up to 3x) |
| Mobile App Rating | 3.1/5 (1,200+ reviews) | 4.7/5 (2M+ reviews) |
| Trustpilot Rating | 1.5/5 | 4.2/5 |
| Transparency | Team hidden, no audits | Public team, SEC-regulated |
CoinBene wins on fees. Coinbase wins on everything else - safety, support, features, and trust.
Who Should Avoid CoinBene
Don’t use CoinBene if:
- You’re new to crypto and need help getting started.
- You want to deposit money from your bank account.
- You trade using leverage or futures.
- You care about customer support.
- You’ve ever lost money on a platform before - and you don’t want to repeat it.
It’s not worth the risk. Even if the fees are low, you’re trading with a company that hides its identity, ignores its users, and has no track record of protecting assets.
Who Might Consider It (And Why)
The only people who might find CoinBene useful are:
- Experienced traders who already hold large amounts of altcoins and want to swap them with near-zero fees.
- People who understand the risks and treat it like a high-risk, high-reward gamble - not a bank.
- Those who don’t mind losing funds if the platform disappears tomorrow.
Even then, there are better options. Gate.io, KuCoin, and MEXC all offer low fees, fiat options, and better support. CoinBene doesn’t bring anything unique to the table except silence.
Final Verdict: Too Risky to Recommend
CoinBene isn’t dead. It’s still running. It still processes trades. But it’s a ghost ship.
Low fees? Yes. Great interface? Maybe for experts. Safe? No. Transparent? Absolutely not. Responsive support? Forget it.
There’s a reason it’s not on any "best crypto exchanges" lists. There’s a reason users are leaving in droves. And there’s a reason you can’t find a single honest review that says "I trust this platform."
If you’re looking for a place to trade crypto with confidence, go somewhere with a name, a team, and a history of protecting users. CoinBene has none of those.
Is CoinBene safe to use in 2025?
No, CoinBene is not considered safe for most users. While it hasn’t been shut down, it lacks transparency about its team, has no public audits, and offers no insurance for user funds. With a 1.5/5 Trustpilot rating and numerous reports of lost funds and unresponsive support, the risks far outweigh the low trading fees.
Can I deposit fiat currency like USD or EUR on CoinBene?
No, CoinBene does not support fiat currency deposits. You can only trade cryptocurrencies. To use CoinBene, you must first buy crypto on another exchange like Coinbase or Binance and then transfer it to CoinBene.
Does CoinBene have leverage or futures trading?
No, CoinBene does not offer leverage trading, margin, or futures contracts. It’s a spot-only exchange. This makes it unsuitable for advanced traders looking to short assets or use borrowed funds to increase positions.
What are the trading fees on CoinBene?
CoinBene charges a flat 0.01% trading fee for both makers and takers. Withdrawals are free of exchange fees, though you still pay the standard blockchain miner fees required by the network (like Bitcoin or Ethereum gas fees).
Why is CoinBene’s Trustpilot rating so low?
CoinBene’s 1.5/5 Trustpilot rating comes from 34 user reviews, mostly citing issues like frozen funds, unresponsive customer support, hidden fees, and platform glitches. Many users report losing money due to technical failures and lack of accountability from the exchange’s team.
Is CoinBene regulated?
CoinBene is registered in Singapore but is not licensed by the Monetary Authority of Singapore (MAS). It operates without public regulatory oversight, making it a higher-risk platform compared to regulated exchanges like Coinbase or Kraken.
Does CoinBene have a mobile app?
Yes, CoinBene offers mobile apps for iOS and Android. However, users report frequent crashes, slow performance, and interface bugs. The app is functional but unreliable, and customer support does not respond to app-related complaints.
Next Steps: What to Do Instead
If you’re drawn to CoinBene for its low fees, try KuCoin or Gate.io instead. Both offer 0.1% trading fees (still cheaper than Coinbase), support fiat on-ramps, have active customer support, and publicly list their security measures.
If you’re new to crypto, start with Coinbase or Kraken. They guide you through buying your first Bitcoin, explain wallets, and answer your questions - without disappearing when things go wrong.
CoinBene might look tempting. But in crypto, the cheapest option isn’t always the best. Sometimes, it’s the most dangerous.
