CoinHe is this a scam? Review and Customers Reviews

CoinHe – is a digital asset trading exchange that entered the financial market in 2018 and has managed to attract the attention of more than 64,000 customers around the world.

In our review, we will take a closer look at the opportunities that the project offers to its participants and find out whether Coinhe is a scam or a reliable project that can be trusted.

 

Why CoinHe?

CoinHe is cryptocurrency exchangeThe story was published on the Internet two years ago. As stated on the official site coinhe.ioThe goal of the organization was to create an autonomous, efficient, and simultaneously transparent platform for cryptocurrency tradingThe service is focused on the international market, as evidenced by the multilingual interface of the company’s website. The service focuses specifically on the international market, as evidenced by the multilingual interface of the company’s website. The main office of the exchange is registered in Singapore, where the organization’s activity is regulated.

The exchange tries to provide its clients with comfortable and favorable cooperation conditions. Traders get access to trading more than 50 kinds of trading pairs. The main market accounts for BTC, USDT, VCC. The service also has its own token called CHT based on ERC20. Token holders get certain benefits in the form of discounts on commissions, participation in voting, support of the referral program and more. The initial value of a token is $0.5 and increases depending on the demand on the market (How to Make Money on Cryptocurrency?).

Also on the company’s website coinhe.io you can find a blog where users can read informative articles on financial topics, watch tutorials and the latest news of the exchange.

The trading platform has a simple and intuitive interface. An experienced trader will need no more than 15-20 minutes to understand the basic functionality of the platform. A novice trader will need to read the training materials. Traders get access to the following functionality:

• The client sees information about a particular selected pair, as well as a detailed chart for analytics;
• The order glass is located on the left;
• At the bottom you can find the order book, a form for buying and selling cryptocurrencies, market history, open positions and your own order history.

For most traders, it is extremely important to have constant access to the platform. So that clients could access their profile at any time and any place, a mobile application was created. Thus, it is possible to access the functionality of the project using your smartphone. Both Android and iOS versions are available.

Among the main advantages of the service are:

• Russian-language interface;
• own token;
• security;
• Loyal Commissions;
• referral program;
• large volume of trade;
• security;
• fast execution of orders;
• intuitive interface.

 

How to exchange cryptocurrency on the coinhe.io platform?

To proceed to the exchange Cryptocurrencies, you need to log in to the system and click on the “Markets” tab. The following follows:

• choose a trading pair;
• fill in the order fields, specifying the amount of cryptocurrency to be exchanged;
• click on the “Buy” or “Sell” button, depending on the purpose.

 

Verification on the platform

Verification is a mandatory process on the exchange. To start the identity verification process, it is necessary to go to the “Settings” section, click on the “My Account” tab and click on the “Confirm Now” button next to the KYC status. Next, the user should specify the following data:

• name and surname;
• date of birth;
• choose a gender;
• specify the address;
• choose a nationality.

After filling in the personal data, you should choose the type of ID (passport, driver’s license or ID-card) and specify the identification number of the document. Next you should upload the following documents:

• the front side;
• back side;
• selfies with a spread of the document and a piece of paper with “CoinHe.io” written on it, as well as the current date.

On average, the identity verification process takes anywhere from a few days to a few weeks.

 

Deposit and withdrawal

To make a deposit to a trading account, the client should go to the tab “Wallets” and follow a few simple steps:

• choose cryptocurrencies for replenishment;
• click on the “Deposit” button;
• copy the generated address and paste it where the transfer will come from;
• press the “Done” button.

Withdrawal of earnings

The minimum and maximum amounts a user can withdraw depend entirely on the cryptocurrency. Thus, for USDT the minimum value is 10 USDT, and the maximum – 2,000 USDT. The maximum amount that can be withdrawn per day is 10,000 USDT. To withdraw funds you should also go to “Wallets” section and against the selected cryptocurrency click on “Withdraw” button. The following follows:

• specify the amount of cryptocurrency to withdraw;
• insert the address to which the transfer will be made.

Also, in order to withdraw, you must not only be verified, but also two-factor authenticated at coinhe.io.

Cryptoexchange Commission

The exchange has a single commission for both makers and takers in the amount of 0.4% per transaction. There are also withdrawal commissions. Each type of cryptocurrency has its own commission. For example, for Bitcoin the commission is 0.0005 BTC.

 

CoinHe Bonuses

From time to time the company conducts various promotions and accrues bonuses for its clients. However, at the moment there are active bonuses on the site coinhe.io No.

Referral program

An affiliate program has been developed for active users who want to earn extra income. Thus, clients can attract new participants to the project and receive up to 50% of the commission amount. A total of 5 levels of referral program is provided:

• 1st level referrals – 50% of the commission amount;
• 2nd level referrals – 30% of the amount of commission;
• Level 3 referrals – 20% of the commission amount;
• referrals of the 4th level – 10% of the amount of commission;
• referrals of the 5th level – 5% of the amount of commission.

 

Complaints about coinhe.io

Because the exchange has been on the cryptocurrency market for less than two years, you can find few reviews on the Internet from customers, especially from the CIS countries. In general, the company has a good reputation, although there are flaws. From the positive points traders note the presence of Russian-speaking service, as well as its own token, which provides a number of advantages to the owners. Of the disadvantages are indicated quite high commissions, as well as the lack of fiat currency.

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Crypto exchange regulation

The financial sphere is one of the most popular among unscrupulous projects, so there are more and more scammers in the network. To protect yourself from a negative experience of cooperation, it is necessary to check the availability of appropriate documentation, as well as the license. Let us consider in more detail how the project is regulated.

Coinhe Regulator

It is known that the organization does not have any license, but this fact may be due to the fact that the exchange is quite young. The necessary documentation, as well as contact information is publicly available for each user.

Coinhe.io User Agreement

The “User Agreement” is the main document of the project, which every client should get acquainted with before the beginning of registration. The document contains information about the rules of trading, as well as the responsibilities of clients and organizers. The disadvantage is that the agreement is presented only in English, which may create difficulties for traders from CIS countries. Let’s take a closer look at some points of the agreement.

The agreement states that the company reserves the right to modify or change the terms of the agreement at any time and at its sole discretion. The organizer will provide notice of these changes by updating the revised terms of use on the web page and changing the date on that page. Any and all changes or modifications to the terms of use will be effective immediately upon announcement on the web page or publication to users. Thus, continued use of CoinHe’s services operates as acceptance of the amended agreement and rules.

The Company strives to maintain the accuracy of the information posted on its website, but it cannot guarantee the accuracy, suitability, reliability, completeness, performance or suitability for purposes of content through the website and is not responsible for any loss or damage that may arise directly or indirectly from the content.

It is also worth bearing in mind the fact that the information on the website is subject to change without notice and is provided for the primary purpose of facilitating independent decision-making by users. The organizer does not provide investment or advisory advice and is not responsible for the use or interpretation of the information indicated on its website or other means of communication. All users should understand that there are risks in trading. CoinHe encourages all users to exercise caution and trade responsibly within their own funds.

While the organization emphasizes platform security to ensure the continuity and safety of its services (announcements will be made in the event of downtime or maintenance), it will not be responsible for natural disaster, malicious hacking, terrorist attacks or other unforeseen circumstances. CoinHe reserves the right to cancel or block transactions of any type on its platform in the event of abnormal transactions. The organizer will not ask for a password from its users, nor will it ask customers to transfer funds that are not listed on its trading platform. Users are advised to exercise caution with respect to discounts or promotions that may lead to fraud. Although this list is not exhaustive, the client agrees that the company will not be held liable for any losses resulting from the situations mentioned above.

Accounts can be used only by the persons in whose names they are registered. The organizer reserves the right to suspend, block or cancel accounts that are used by persons other than the persons whose names are registered. Accordingly, the exchange will not be legally responsible for these accounts. Under the agreement, users agree that:

• must notify the company immediately if they become aware of any unauthorized use of the account and password by any person or any other breach of security;
• customers must strictly adhere to the security or authentication, case management, charging, withdrawal or website or service procedures;
• The user must exit the website by taking the appropriate steps at the end of each visit;
• the organization will not be liable for any losses or consequences caused by the client’s failure to comply with the above provision on account security.

By accessing the service, the customer agrees that the company has the right to unilaterally determine whether the user has violated any of the above conditions and to take action to enforce the relevant rules without consent or prior notice. Examples of such actions include, but are not limited to:

• blocking and closing the application;
• account freeze;
• report the incident to the authorities;
• Publication of the alleged violations and the actions that were taken;
• deleting any published information that violates the agreement.

The company will provide service on an “as is” and “commercially available” basis and makes no guarantees as to the reliability, stability, accuracy or completeness of the service. CoinHe serves simply as a venue for coin-related information and coin-related transactions. The organizer has no control over the quality, security or legality of the coin involved in any transaction, the veracity of transaction information, or the ability of the parties in any transaction to fulfill their obligations in accordance with the rules. The client should carefully consider the associated investment risks, legal status and reliability of transaction information and investment decisions before using the services provided.

Customer Service

You can contact a technical support specialist using one of the following options:

• email: [email protected];
• feedback form.

 

Is Coinhe a scam?

CoinHe – is an exchange for trading digital assets that appeared on the financial market in 2018. During this time, the project has been actively gaining popularity and managed to attract the attention of more than 64,000 users around the world. The company focuses specifically on the international market, as evidenced by the multilingual interface of the project. It is known that the headquarters of the exchange is registered in Singapore, from where the service is regulated.

The company tries to provide traders with optimal conditions for profitable cooperation. Clients can interact with more than 50 types of trading pairs. The main market is BTC, USDT and VCC. The exchange also has its own token – CHT. Token holders have a number of advantages, such as discounts on commissions or the ability to take part in voting for cryptocurrency listings. The trading platform itself has a simple and clear interface for both novice and experienced traders.

Periodically, the organization holds various promotions and accrues bonuses. Also, a 5-tier affiliate program was developed for users, in which clients can get up to 50% of the commission amount. In order for users to access their personal profile at any time, a mobile app has been created. Thus, traders can monitor their trading activity 24/7. Due to the fact that the project appeared on the financial market less than two years ago, one can find quite few reviews from clients on the Internet. In general, the company has a good reputation, although there are some negative reviews. After a detailed study of the opportunities implemented by the project, is it possible to say that CoinHe is a scam? No, because the service is popular and successfully provides its services to customers around the world.

 

Conclusion

CoinHe – is a cryptocurrency exchange that began its operation less than two years ago. The young project was actively gaining popularity and became popular among customers around the world. The company focuses specifically on the international market, as evidenced by the interface of the platform, which is translated into 16 languages. The organizers try to provide their clients with favorable and comfortable conditions of cooperation. However, many inexperienced traders are not able to soberly assess the risks of trading cryptocurrency and lose the invested funds. That is why before trading on the exchange, you should carefully read the documentation.

Now the exchange looks good among its competitors, but there is still work to do. If you cooperated with the company, leave your impressions about the service on our website to form an independent rating of exchanges for trading digital assets.