Coinexchange.io is Closing Down. Official announcement.

GreenProfit

member

Activity: 110

Merit: 10

Quote from: Text on November 28, 2020, 11:17:46 AM

It's been a year since this exchange site closed, and what else do you expect here? Gone! Because it was clear from their announcement or notice then that they have a deadline set for you to get the coins that became dust before they finally closed. Also, I have never heard of exchangers closing and reopening after it has been successfully operated today. If there is, let me know. You have been taught a lesson before so you must have learned. Do you think anyone will trust them? I know that others also think that there was a strategy involved in their closure then, because they may have done that because they know many are not aware of the risk of storing assets in an exchnage sites. So those who did not know when they closed then will be able to own what is left.

Lol where was this aanouncement??Where?? Only onl their website.What If i didnt visited their website for more then 1 month like example???They should send some kind of email warning that they will close own site.With this kind of way other people losted also own funds because of that.It is not okey to say you should check Twitter,Facebook site,webiste from that exchanger everyday so you could know if they will suddenly close own site,that is rude from them.They should contact every person on email so everybody could know that site will be closed.

Text

hero member

Activity: 2464

Merit: 594

Quote from: GreenProfit on November 28, 2020, 08:21:48 PM

Lol where was this aanouncement??Where?? Only onl their website.What If i didnt visited their website for more then 1 month like example???They should send some kind of email warning that they will close own site.With this kind of way other people losted also own funds because of that.It is not okey to say you should check Twitter,Facebook site,webiste from that exchanger everyday so you could know if they will suddenly close own site,that is rude from them.They should contact every person on email so everybody could know that site will be closed.

That is exactly what I want to say and explain why they did not use the email to give all their users a warning of its impending closure then, that is another mistake they made. We do not use twitter to sign up for their site, and not everyone is active or uses that social media. I would also have been one of the ignorant until I heard about it because the news spread and then I just read it. As I recall, I was able to sell the coins and pull them out before they closed. Anything else to say here is nothing to do because it is done.

Text

hero member

Activity: 2464

Merit: 594

It's been a year since this exchange site closed, and what else do you expect here? Gone! Because it was clear from their announcement or notice then that they have a deadline set for you to get the coins that became dust before they finally closed. Also, I have never heard of exchangers closing and reopening after it has been successfully operated today. If there is, let me know. You have been taught a lesson before so you must have learned. Do you think anyone will trust them? I know that others also think that there was a strategy involved in their closure then, because they may have done that because they know many are not aware of the risk of storing assets in an exchnage sites. So those who did not know when they closed then will be able to own what is left.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: XZERO1 on November 28, 2020, 10:21:53 AM

Do not trust an exchange(or any thing for that matter) twice, if they let you down one time and even if whatever was the issue didn't lead you to lose any money it's better to not take the risk and move out your funds from there.

Yah, you're right on the Cryptopia thing, just the same way Novaexchange made an attempt to come back too. Well, I don't know how that move ended because I lost interest in the Novaexchange saga. It goes a long way to reinforce the axiom - Once bitten, twice shy. I do think that the entry of new exchanges like Binance in the crypto industry did give the old exchanges a severe run for their money and a lot of them couldn't cope with customers' demand for innovative trading. I remember how Poloniex and Bittrex used to dominate the industry pre-2017 but now virtually all new traders may not even have heard of them. Nothing lasts forever, really!

XZERO1

member

Activity: 518

Merit: 33

Quote from: Mpamaegbu on November 28, 2020, 08:46:14 AM

Quote from: Nellayar on November 27, 2020, 06:48:14 PM

I hope that they will soon return again.

If they do, it won't be easy getting people back to trust them. I, for one, won't trust them. Except they come in the guise of another name I don't know.

As you really shouldn't, I think many traders that has been in crypto more than 2 years know Cryptopia well and all the problems it had when it started from slow response time from their support staff or multiple hacking incidents that happened to them and many people lost their funds in their accounts there, I remember they closed down their exchange once because of all the problem and after a few months they reopened their exchange and started working again and as it is maybe hard to believe there were actually some people that trusted them again and another supposed hacking happened and again their users lost their funds.

Do not trust an exchange(or any thing for that matter) twice, if they let you down one time and even if whatever was the issue didn't lead you to lose any money it's better to not take the risk and move out your funds from there.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: ?? on ??

Hello is it possible to get back money from Coinexchange.io.My father have some money on that site and he want to recover own money on that site.He didnt got any warning on email that site will be closed.It is only closed without warning.If warning is posted here that is not enought.How he can even know for that if he dont read topics here everyday?

I can't really say for sure where I first read the closure notice from Coinexchange, either here or on Twitter. But I know there was a thread on that here. I also had an account with them, and I quickly did the needful. It's quite a while that happened and I am not sure if there is still a communication avenue left opened from the Coinexchange guys. Usually, there's a timeline to allow customers move out their funds and I believe once that elapsed, that's it. It will be hard now getting anyone (the company is already dissolved) to listen to you on this.

Quote from: Nellayar on November 27, 2020, 06:48:14 PM

I hope that they will soon return again.

If they do, it won't be easy getting people back to trust them. I, for one, won't trust them. Except they come in the guise of another name I don't know.

Xxmodded

sr. member

Activity: 2296

Merit: 315

SOL.BIOKRIPT.COM

I think coinexchange is good management team and owner very trusted with how much assets have his member, before the exchange close get announcement for every investor to withdraw their assets saving in coinexchange wallet and they not close market without give announcement to member, so have chance for many member become not scam in this exchange and all assets can withdraw to other wallet, most respect with this owner than cryptopia closed exchange without give chance for investor to withdraw their assets and now still have thousand people loss much money in cryptopia without have responsibility with member assets.

Timmzzy

member

Activity: 785

Merit: 34

SOL.BIOKRIPT.COM

Quote from: ScamViruS on October 01, 2019, 06:41:47 AM

The Coinexchange.io is about to close. According to their last announcement, trading and deposits will be closed from 15th of October 2019. They have shown the cause of the market situation.
Those who have funds in the Coinexchange.io can withdraw until 1st of December 2019.

Announcement :- https://www.coinexchange.io/news/post/85/

Quote

Coinexchange.io is Closing Down
01/10/2019
It is with great regret that we must inform the community that the board of directors of CoinExchange.io has decided to close down the exchange.

This is purely a business decision and there has not been a security breach or any other type of incident. Unfortunately it is no longer economically viable for us to continue offering market services. The costs of providing the required level of security and support now outweigh our earnings.

Trading and deposits will be suspended on the 15th of October 2019. Please cease any deposit and trade activity as soon as possible.

The website and withdrawals will remain operational until the 1st of December 2019. We ask that you please remove all funds by this date.

It has been a fantastic journey and we have enjoyed playing a part in the crypto currency space. We thank everyone that has traded or listed a currency with us.

So sadly it is goodbye for now however we may return in the future if market conditions change.

They couldn't meet up or what, or they have just hit a jackpot from a newbies who is coming into the system new, I am a user of coinexchange.io and possibly have some funds I can't pull out there. Talkless of having the fee to pay, we wish them the best in there next coming if possibly they will.🚶🚶

Nellayar

full member

Activity: 868

Merit: 185

Roobet supporter and player!

Another exchange gone. This is really sad news because I am a user also of coinexchange.io before. I think the decision of the team is not that easy because leaving a business that gave you lots of profits before is hard to let go. The great competition and low number of market players (both buyers and sellers) made them hard to get income. I hope that they will soon return again. Anyway, let us all move on and turn our capital into other exchange. Is withdrawals are already working?

Rodeo02

hero member

Activity: 1302

Merit: 577

avatar and signature space for rent !!!

Quote from: ?? on ??

Hello is it possible to get back money from Coinexchange.io.My father have some money on that site and he want to recover own money on that site.He didnt got any warning on email that site will be closed.It is only closed without warning.If warning is posted here that is not enought.How he can even know for that if he dont read topics here everyday?

I almost forget if I recieve email from that exchange before they close, I only remember is they have an announcement in their exchange when they are planning to close and asked it users to widraw all available funds.
This is only warning i see before and no email sended to users :

Source of images https://bitcointalksearch.org/topic/m.52615300.

I dont find any way to contact them if you found one then that's the only solution, then ask them about it.

BTW they are not active anymore here i don't even find their Ann.

ubercool

hero member

Activity: 1078

Merit: 504

Quote from: MWesterweele on December 19, 2019, 02:54:42 AM

Quote from: ubercool on December 18, 2019, 11:45:05 AM

I missed this announcement. Huh

I think I had bought some shitcoins last year and was there in the exchange account. I don't think it was any valuable so nevermind. Does anyone lost higher value of crypto here..?

If you bought shitcoin, I think it doesnt matter now, it doesnt have a value or potential at the first place so why bothering to look for that? And also its been months since coinexchange announces their closure. That exchange is good for me before, Ive sell a lot of my bounty tokens there , coinexchange is great but it is too bad they will close now.

You can't say like that about any shitcoin bro. These coins will get listed in a small exchange and pump like anything.
I too have used coinexchange for selling my bounty coins and bought better coins. Still it's sad to see an exchange closing down only because of the community.

MWesterweele

hero member

Activity: 1372

Merit: 564

Quote from: ubercool on December 18, 2019, 11:45:05 AM

I missed this announcement. Huh

I think I had bought some shitcoins last year and was there in the exchange account. I don't think it was any valuable so nevermind. Does anyone lost higher value of crypto here..?

If you bought shitcoin, I think it doesnt matter now, it doesnt have a value or potential at the first place so why bothering to look for that? And also its been months since coinexchange announces their closure. That exchange is good for me before, Ive sell a lot of my bounty tokens there , coinexchange is great but it is too bad they will close now.

cryptoraven

newbie

Activity: 5

Merit: 0

Quote from: ubercool on December 18, 2019, 11:45:05 AM

I missed this announcement. Huh

I think I had bought some shitcoins last year and was there in the exchange account. I don't think it was any valuable so nevermind. Does anyone lost higher value of crypto here..?

Even if some people lost a lot of valuable coins, what can they do? Class action lawsuit? Against who? Site disappeared and I doubt the CEO name was public... else if somebody has a contact, please let us know, so we can sue...

ubercool

hero member

Activity: 1078

Merit: 504

I missed this announcement. Huh

I think I had bought some shitcoins last year and was there in the exchange account. I don't think it was any valuable so nevermind. Does anyone lost higher value of crypto here..?

cryptoraven

newbie

Activity: 5

Merit: 0

Quote from: Anonylz on December 17, 2019, 10:25:38 AM

i hope you don't have too much funds in this exchange? but let me also include that this is the reason why it is overly emphasize that people should not leave their funds in exchange because you never know when something unexpected will happen, and it also pays to keep track of investment by following the necessary news channels for updates, people should be mindful and watchful of their investment in other not to regret later.

Well, I didn't have much, but I had shitcoins I bought with "much" that in the meantime lost value and in the end I didn't lose much. Assuming that those shitcoins will never recover, then yes... I did a bad investment, but still I would have liked a second chance to transfer at least these shitcoins in my ETH wallet, just in case...

I checked my e-mail and I never received any e-mail informing that they were closing. Very convenient from them just to inform via twitter... from my point of view they exit scammed and stole my shitcoins.
It really sucks, I wish there could be still a possibility to get something back. But I guess life goes on. Shitty exchange, I hated it and used it only to trade one shitcoin I won't even mention here, the fact it closed like this just gave me a big lesson: don'0t keep coins on shitty exchanges.

Now the big question is, how do you know if an exchange is a shitty one, like coinexchange, or not? E.g kucoin, gateio?

Anonylz

hero member

Activity: 2562

Merit: 577

Quote from: 0.054173c on December 17, 2019, 11:29:27 AM

I have a big request, I did not know that such a great site is closing and I did not check the email !! how do i recover money from this https://www.coinexchange.io/ Huh

Please help me!!!!!
Please help me!!!!!
Please help me!!!!!
Please help me!!!!!
Please help me!!!!! Huh

Too bad for you bro, this announcement has been made some few weeks back and some people were able to remove their funds from that exchange, i think you are making your complain in the wrong forum, except their is an official thread of coinexchange in this forum run by the coinexchange officials, there is nothing anyone can do to help you here, another alternative is to contact the coinexchange officials if you can find their contact details if there is any hope left, but i doubt that, you have to prepare to accept your loss.
don't put your funds in an exchange!!!

Negotiation

sr. member

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Hire Bitcointalk Camp. Manager @ r7promotions.com

It's a lot of bad news that Coinexchange will shut down Generally the condition of these exchange markets cannot be sustained due to bad conditions. Again many times they are lost in the day-to-day, so they can't get up from the sidewalk With the new one and a half they could not survive the competition Many times the transaction cannot be sustained due to the high fees.

Casdinyard

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Merit: 891

Leading Crypto Sports Betting and Casino Platform

Quote from: 0.054173c on December 17, 2019, 11:29:27 AM

I have a big request, I did not know that such a great site is closing and I did not check the email !! how do i recover money from this https://www.coinexchange.io/ Huh

Please help me!!!!!
Please help me!!!!!
Please help me!!!!!
Please help me!!!!!
Please help me!!!!! Huh

It's hopeless, man. Even you cried your heart out nothing will change.
I'm actually surprised that coinexchage.io had closed while like you I have some coins in there but fortunately I don't mind anymore since they're all shitcoin that came from 2017 airdrop. ( Just hoping it'd stay shit, lol )

Quote from: StephenieDuong on December 17, 2019, 11:59:50 AM

Crypto need more exchange now, an exchange with government approval would be the best for crypto to grow up.

I don't think so, we don't need a lot of exchange sites, we only need those that have good customer service, high liquidity and considerable fee and by far only few have these criteria.

StephenieDuong

sr. member

Activity: 602

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—RUSHMOON — Automatic LP & Yield Farm & AMM on BSC

More and more exchange gone down with difference reason, trading really hard these day and exchange keep closing. Crypto need more exchange now, an exchange with government approval would be the best for crypto to grow up.

ryzaadit

legendary

Activity: 2660

Merit: 1261

Quote from: 0.054173c on December 17, 2019, 11:29:27 AM

I have a big request, I did not know that such a great site is closing and I did not check the email !! how do i recover money from this https://www.coinexchange.io/ Huh

Please help me!!!!!
Please help me!!!!!
Please help me!!!!!
Please help me!!!!!
Please help me!!!!! Huh

You cant.

The withdrawal fund section already ended, their service already down you can't do anything with that. You fund already lose.

Quote from: cryptoraven on December 17, 2019, 05:01:39 AM

Hello user
Please message our Technical Team on ([email protected]) to help you out!
Thanks!!

Do you think this yahoo email is legit or they are trying to scam desperate users trying to get their funds after the deadline? I've already seen scammers doing this kind of stuff, they usually ask the vitcim's private key or to deposit some funds first as "proof" or stuff like that (only a fool would fall but they try).

An email service always using the company domain, if you see a post something like this its absolute a scam.

I bet he will inform you like this "We need to make a confirmation, you need to send a fund to this specific address.", the withdrawal section already close you can't do anything.

Topic: Coinexchange.io is Closing Down. Official announcement. (Read 1108 times)