CoinExsa Review: Is Coinexsa.com a Reputable Crypto Exchange?

There are many crypto exchanges out there trying to regulate their business and adhere to monetary laws. Sadly, CoinExsa is not one of them.

The company seems to be impersonating a legitimate crypto exchange, CoinEx. Don’t make a mistake; read our unbiased CoinExsa review first.

Is CoinExsa a Legit Crypto Exchange?

If you check the CoinExsa website, you will see that they call themselves CoinEx. However, CoinEx is a legitimate exchange operating under the domain coinex.com and is not related to this one.

Now that we’ve cleared the air let’s check if CoinExsa is legit. The company doesn’t provide us with the legal documents, headquarters, owner name, or any other helpful information. It’s an instant red flag. Upon checking several Tier 1 registers, including FCA, AUSTRAC, and BaFin, we found no proof that CoinExsa is a regulated crypto provider.

Therefore, ensure you don’t fall for their scheme. Your money will be gone in a blink.

Who Are the Victims of CoinExsa Scam?

The domain coinexsa.com was officially registered in November 2022. So far, we’ve seen the majority of their traffic coming from:

• US,
• Cambodia.

This makes sense, considering that the actual CoinEx is authorized to operate in the US, and this company is impersonating them. Wherever you reside, ensure you check the crypto provider you’re working with and confirm that they have a license and that it’s still a valid one.

Trading Features – What Can I Trade and How?

Let’s take a look and see how you can trade digital coins with the CoinExsa exchange. Of course, we remain disappointed by their bogus offer, and so will you be. Please go through the platform and the available coins.

Available Trading Software

Considering their website is lousy, we’d be surprised to see that CoinExsa’s trading platform is functional. The company offers access to WebTrader and a proprietary mobile app for Android and iOS.

The app is based on browser software, meaning it contains no special features. All in all, there’s nothing worth spending the money on.

Trading Assets on Offer

CoinExsa is a crypto exchange claiming to offer access to over 600 digital coins. Some of these include:

• BTC,
• ETH,
• XRP.

Note that this cannot be verified before registering and investing the money, which we’re unwilling to do. In addition to trading, you can mine certain coins and earn rewards.

Trading Fees and Commissions

The company charges a handling, taker, and maker fee. A handling fee is deducted when you open a trade to allow you to execute it.

However, nothing else is specified on the website or within the company’s Help Center. All in all, we’re unsure how much you will pay and when. It’s rather uncomfortable, especially when dealing with crypto coins, since the transaction is encrypted, and you will have a hard time proving how much you made and how much of your profit was deducted by the firm.

CoinExsa Support and Help

CoinExsa support is available through their Telegram account. Since this app provides a high level of anonymity and the phone number is hidden, it doesn’t help us much. Your question may remain unanswered for days, especially if you ask about CoinExsa withdrawal.

There’s Help Center with several questions and some vague answers. While the questions are quite specific, the answers are not. You won’t find out anything new, but only that there is a risk, there are fees, and you can trade and purchase USDT.

Withdrawal Options – How Can I Get My Money Back?

Another thing the website doesn’t mention is payment. How you can purchase coins and get your money back remains a mystery.

The company has no legal documents that would help us specify this matter, and they don’t say how long it takes to process the transaction. According to FAQ, you can select the coin you want to buy or sell, and the system will match your order. However, it doesn’t tell us much.

According to reviews, getting money back from CoinExsa can be quite a hassle. If so, ensure you contact the support and save the conversation as evidence for the authorities.

What Can I Do to Get My Money Back From CoinExsa?

If you deposited the money or purchased crypto via the CoinExsa exchange, but have difficulties getting it back, contact our CipherTrace crypto analysts. We’ll evaluate your case during a free consultation and help you prepare a detailed report for the authorities if you decide to proceed with the process.

Don’t let scammers keep your money. Allow us to evaluate your case and help you out.

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