Sad news :( Coinexchange | Bitcointalksearch.org

3DBrushes

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Quote from: Sadlife on October 10, 2019, 12:42:03 AM

Quote from: Strongkored on October 07, 2019, 01:13:28 AM

Competition in the world of exchange business is very tight, for the future there will be many new exhcange open and old exchange close their serivice because their income cannot cover operational costs.
I have used it several times and have never encountered problems.
This is good example because when they close their serice, they notify users so users can do withdrawal first.

actually for me its not about competition but RELIABILITY is what important in running exchange and in this part many fails
the bread and butter of each exchange are the traders so if they did not took care of each for sure in sooner time they will be starving
and the temptations of having deals in not reputable company to be listed and create a pump and dump scenarios

Coinexchange.io was operating at 0.15% trading fees for buyer and seller. Which is higher than what the competition is offering. This is the reason for low exchange volume these days. Also it is filled with shitcoins which people won't like to trade them.

OasisDre

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For all of those who like promoting new exchange you must be ready because many more crappy exchange will arise and introduce stupid bounty project, either ways if you don't leave your funds on any exchange you will be fine, and traders should get used to big exchange for trading instead of low rated exchanges

Sadlife

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Quote from: Strongkored on October 07, 2019, 01:13:28 AM

Competition in the world of exchange business is very tight, for the future there will be many new exhcange open and old exchange close their serivice because their income cannot cover operational costs.
I have used it several times and have never encountered problems.
This is good example because when they close their serice, they notify users so users can do withdrawal first.

actually for me its not about competition but RELIABILITY is what important in running exchange and in this part many fails
the bread and butter of each exchange are the traders so if they did not took care of each for sure in sooner time they will be starving
and the temptations of having deals in not reputable company to be listed and create a pump and dump scenarios

Crypto-Dzayer

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Quote from: ?? on ??

am very sad to hear this news, and I can only give my opinion now because I just discovered this thread.
Actually I am one of the people who use this exchange coinexchange, as long as I use coinexchange there are no problems at all and I really like this exchange, comfort and security is what I get here.
I hope someday coinexchange can rise again

Yes, coinexchange is awesome we will miss him Sad

Stargazer

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I got the mail with this very sad news. After coinexchange, several low-grade exchanges like Next Exchange, alters exchange closed down! It really sucks that all these real volume exchanges are closing down and greedy exchanges got high rank with the fake volume! All of these happening because of the bear market condition. I hope it's gonna up again!

coin-investor

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Quote from: Crypto-Dzayer on October 01, 2019, 07:49:38 AM

Coinexchange.io is Closing Down

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

Link: https://www.coinexchange.io/news/post/85/

Market condition really has an impact on many Cryptocurrency projects and one that badly hit is the exchanges, if you ask me, they should have stayed, good market condition will eventually come and there's a big possibility that it's going to happen next year in time for Bitcoin halving, if Bitcoin halving cannot give us good market condition, I wonder what it would be.

Strongkored

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Competition in the world of exchange business is very tight, for the future there will be many new exhcange open and old exchange close their serivice because their income cannot cover operational costs.
I have used it several times and have never encountered problems.
This is good example because when they close their serice, they notify users so users can do withdrawal first.

Vinalians

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I used coinexchange actually many time because some of the coins that I traded always went on that exchange though the graphics are not that good but they are still legitimate. I am already sad when I heard the news about it. Coinexchange is one of the cheapest listing exchanges that could ever bought by new projects. I just hope they will collect some money to rebuild the coinexchange because it already had some trust to all traders that used it.

Crypto-Dzayer

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Quote from: johnnywoo2015 on October 04, 2019, 12:31:57 AM

eans they risked those amount hoping those coins to pump?or this is an graceful exit as they listed shitcoins and scam currencies/tokens?
Because how would an exchange that runs for years will do such action without security measures?does this mean that they make a final move to profit before closing?thats insane and I hope holders and investors may withdrawn all their assets before the closure so it won’t be like those blending company that took away the investors fund with them upon closure

Yeah like Cryptopia I don't know why peoples still believe that Topia was hacked

THEY STOLL YOUR FUNDS
THEY RUN WITH YOUR FUNDS

THERE ARE NO HACK NO SHIT
THEY SCAMMED YOU

Crypto-Dzayer

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Quote from: Ferris419 on October 04, 2019, 01:09:47 AM

I never trusted them enough since I don't find the info of the owner since they are not visible but so far I didn't encounter any issue with them upon trading and mostly my tokens earn are listed here and one of the reason why I'm kinda sad since it can affect the token listing, but anyways there still a good side on this since they are honest with there total closure and let's hope that there will be no more future big exchange will follow.

Yeah Like shit-Binance & much other shit exchange
Fatbtc P2PB2p & all the majority of top 100 exchanges

Crypto-Dzayer

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Quote from: carlisle1 on October 03, 2019, 09:08:37 PM

What I believe is this exchange is not that popular at all but upon checking I found out that thy had a great reputation and that’s what I think would be missing by the users,I never come to use this Coinexchange but I think all of us don’t just use a single site instead we have couple of exchanged to use from so just forget this one(since you have no choice but to move to other)

If you had never use Coinexchange maybe you're a new trader? am I wrong?

Crypto-Dzayer

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Quote from: asyakashi on October 02, 2019, 07:15:25 PM

Quote from: Crypto-Dzayer on October 02, 2019, 05:28:43 AM

Quote from: asyakashi on October 02, 2019, 04:24:01 AM

The fall in the price of altcoin has caused the coinexchange to close, I read the announcement if the market improves the coinexchange will return.
Hopefully there are miracles in the future.

If the exchange closed for unce time & reopen, users will never use it again
Like Nova... the best example
Rip My best exchange #Coinexchange <3

yes ... it is very difficult to accept the facts.
it's hard to understand why some small exchanges still survive like crex24, latoken. Huh

I prefer coinexchange

Yeah you're right Coinexchange is the best for the small Exchanges But crex24 & Graviex also has good support and does good work!! best of luck to them
anyway Crypto-Bridge sucks with their KYC To the hell

johnnywoo2015

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Quote from: peter0425 on October 05, 2019, 11:42:03 PM

Quote from: johnnywoo2015 on October 04, 2019, 12:31:57 AM

I can't believe they're spending more than they're making. Look at how many coins they've added in the last few months. Listing costs 1 - 2 btc. They hide the truth.

So that means they risked those amount hoping those coins to pump?or this is an graceful exit as they listed shitcoins and scam currencies/tokens?
Because how would an exchange that runs for years will do such action without security measures?does this mean that they make a final move to profit before closing?thats insane and I hope holders and investors may withdrawn all their assets before the closure so it won’t be like those blending company that took away the investors fund with them upon closure

Knowing that they will soon close their exchange, they could not add new coins. So it would be more fair to developers. It doesn't matter if it's a solid project or a shit coin.

peter0425

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Quote from: johnnywoo2015 on October 04, 2019, 12:31:57 AM

I can't believe they're spending more than they're making. Look at how many coins they've added in the last few months. Listing costs 1 - 2 btc. They hide the truth.

So that means they risked those amount hoping those coins to pump?or this is an graceful exit as they listed shitcoins and scam currencies/tokens?
Because how would an exchange that runs for years will do such action without security measures?does this mean that they make a final move to profit before closing?thats insane and I hope holders and investors may withdrawn all their assets before the closure so it won’t be like those blending company that took away the investors fund with them upon closure

CjMapope

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oh snap, i never received any email, good thing this was posted here
withdraw any dust i have there i guess, this was an OK exchange, nothing special tho, added lots of shitcoins Tongue

Another one bites the dust, thx for the info boys
RIP

mdzahed134

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Quote from: Crypto-Dzayer on October 01, 2019, 08:35:49 AM

Quote from: joinfree on October 01, 2019, 08:25:37 AM

This is Quit sad but there is nothing they could do. when its come to maintenance and security its quit expensive so when you are not getting returns its does not make it a business. I really appreciate how the has made it publicly without running away with peoples asset.

You're right, yeah like Cryptopia Angry

Don't relate with cryptopia because both exchanges closed down for different queries. Cryptopia got hacked and many people's lost their big and small amount of money. I do not know the results of the New Zealand police investigation. But Coinexchange.io is very reliable exchange. And they are going to close down because it’s more difficult to survive in the bearing market with lower exchange volume. You can withdraw your asset in the specific deadline which is mentioned in announcement. So, don't worry because they already give chances to withdraw your money.

Lhaine

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Quote from: Taskford on October 04, 2019, 07:05:42 AM

Quote from: Ferris419 on October 04, 2019, 01:09:47 AM

Coinexchange.io has always been a trusted exchange and even in the end, they proved it again. Though this exchange was very underrated and people started running on fake volume exchanges. This was sad news for me, I could not believe when I got the mail! This exchange one of my first exchanges where I traded once! I hope the market condition will change to good and Coinexchangeio will come back with their own coin.

I never trusted them enough since I don't find the info of the owner since they are not visible but so far I didn't encounter any issue with them upon trading and mostly my tokens earn are listed here and one of the reason why I'm kinda sad since it can affect the token listing, but anyways there still a good side on this since they are honest with there total closure and let's hope that there will be no more future big exchange will follow.

there is no problem in coinexchange they are just announcing that they will close and if you have funds in that exchange you can freely widraw it before the closing schedule .

Taskford

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Quote from: Ferris419 on October 04, 2019, 01:09:47 AM

Coinexchange.io has always been a trusted exchange and even in the end, they proved it again. Though this exchange was very underrated and people started running on fake volume exchanges. This was sad news for me, I could not believe when I got the mail! This exchange one of my first exchanges where I traded once! I hope the market condition will change to good and Coinexchangeio will come back with their own coin.

I never trusted them enough since I don't find the info of the owner since they are not visible but so far I didn't encounter any issue with them upon trading and mostly my tokens earn are listed here and one of the reason why I'm kinda sad since it can affect the token listing, but anyways there still a good side on this since they are honest with there total closure and let's hope that there will be no more future big exchange will follow.

Bonenx14

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Quote from: johnnywoo2015 on October 04, 2019, 12:31:57 AM

I can't believe they're spending more than they're making. Look at how many coins they've added in the last few months. Listing costs 1 - 2 btc. They hide the truth.

someone has to re-examine it, is this just a game or does it really happen for the reasons they say. very disappointing if the exchange class coinexchange must be closed.
But I think with the phrase "So sadly it is goodbye for now however we may return in the future if market conditions change." they are just waiting for the market time to improve confusing with these words

ecnalubma

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I will not forget this exchange this was my first exchange where I sold my first bounty earnings, this is sad really its a good exchange though. The competition today is really hard for exchanges from Cryptopia, NovaExchange now CoinExchange I think more will follow if the market continues to get worst in the next few years.

Topic: Sad news :( Coinexchange (Read 542 times)