Cobinhood Crypto Exchange Review: Zero Fees, Big Risks in 2025
Dec, 8 2025
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When you're trading crypto, every fee adds up. A 0.1% trading fee might seem small, but if you're making frequent trades, it can eat into your profits fast. That’s why Cobinhood caught attention in 2017: it promised zero trading fees - for makers and takers alike. No hidden costs. No surprise charges. Just pure price action. For a while, it felt like a game-changer. But is it still worth it in 2025? Let’s cut through the noise.
What Makes Cobinhood Different?
Cobinhood’s whole identity is built on one thing: no trading fees. Unlike Binance, Coinbase, or Kraken - all of which charge somewhere between 0.1% and 0.6% per trade - Cobinhood charges $0.00 for every buy and sell order. That’s not a promo. It’s their model. And it’s still active in 2025.They make up for it with their native token, COB. You don’t pay fees to trade, but you can earn COB tokens by trading, referring users, or joining their “Candy Machine” giveaways. Staking 1,000+ COB unlocks “COB points,” which you can redeem for fee rebates, early access to new listings, or even cash bonuses. It’s a loyalty system disguised as a token economy. Whether it’s sustainable is another question.
The platform supports over 50 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and its own COB token. That’s far fewer than Binance’s 350+ or Coinbase’s 200+. But if you’re not chasing obscure altcoins, it’s enough. The interface is clean, fast, and works on both desktop and mobile. The app has a 3.8/5 rating on the App Store, with users praising how easy it is to place orders and track prices.
How Safe Is Cobinhood?
Safety is where things get shaky. Cobinhood is registered in the Cayman Islands - a jurisdiction with minimal crypto regulation. That means no government oversight, no FDIC insurance, and no legal recourse if things go wrong.They offer two-tier verification:
- Level 1 (No KYC): Just an email and password. You can trade crypto, but you can’t deposit USD. Withdrawals are capped at 3 BTC per day.
- Level 2 (KYC Verified): Submit ID documents. Unlocks USD deposits, margin trading up to 5x, and access to ICOs and financial products.
For users who want privacy, Level 1 is tempting. But it also means anyone can open an account anonymously - which makes the platform a magnet for suspicious activity. The lack of identity checks raises red flags for institutional users and regulators alike.
Security features include Google Authenticator 2FA, SMS alerts, and “New Device Confirmation” emails. These are standard. But there’s no cold storage transparency. No public proof that most funds are offline. That’s a big deal. If you’re holding more than a few hundred dollars, you should treat Cobinhood like a trading account - not a wallet.
Withdrawals, Fees, and Limits
Cobinhood doesn’t charge trading fees - but it does charge withdrawal fees. For Bitcoin, it’s 0.001 BTC per withdrawal. That’s about $60-$80 depending on price. It’s in line with industry norms, but not free. Other coins have similar fees: 0.01 ETH for Ethereum, 0.1 LTC for Litecoin.Withdrawal times are inconsistent. While most exchanges process BTC withdrawals in under 2 hours, multiple Trustpilot reviews from 2024 report delays of 2-3 business days. One user wrote: “I needed cash fast. Took three days. My other exchange did it in 40 minutes.”
There’s no direct bank deposit option unless you complete Level 2 KYC. That means if you’re new to crypto and want to buy your first Bitcoin, you can’t do it on Cobinhood. You have to buy it on Coinbase, Kraken, or a peer-to-peer platform first, then send it over. That’s a major barrier for beginners.
Who Is Cobinhood Really For?
Cobinhood isn’t for everyone. It’s not a good fit if you:- Want to deposit USD directly from your bank
- Trade large amounts (over $10,000 per month)
- Need fast customer support
- Value regulatory protection
But it’s a strong option if you:
- Trade small to medium amounts frequently (under $5,000/month)
- Already own crypto and want to avoid trading fees
- Are comfortable with limited support and no KYC
- Want to collect COB tokens and use the loyalty program
Here’s a real example: If you trade $10,000 per month on a 0.1% fee exchange, you pay $10 in fees each month. That’s $120 a year. On Cobinhood? $0. Over five years, that’s $600 saved. That’s real money.
But here’s the catch: if you hit a withdrawal delay or lose access to your account, those savings vanish. And customer support is slow. Trustpilot shows a 2.1/5 rating based on only 9 reviews - but the pattern is clear: 67% of negative reviews mention unresolved issues and responses taking over 72 hours.
The COB Token: Utility or Mirage?
Cobinhood’s native token, COB, has a total supply of 1 billion. As of October 2024, around 411 million are in circulation. The price? Around $0.00028. That’s barely a penny. The 24-hour trading volume? $0. Zero. Not a typo.It trades on just one market - Cobinhood itself. No major exchanges list it. No liquidity. No price discovery. That’s not a sign of strength. It’s a sign of isolation.
COB’s only real use is inside Cobinhood’s ecosystem. You can’t spend it elsewhere. You can’t stake it for yield on other platforms. You can’t even easily sell it without moving it back to the exchange. It’s a closed loop. And if Cobinhood ever shuts down? COB becomes worthless.
Some users say the COB points system is worth it. Others say it’s a distraction - a way to keep people trading even when the platform lacks real innovation.
How Does It Compare to the Competition?
| Feature | Cobinhood | Binance | Coinbase | Kraken | |--------|-----------|---------|----------|--------| | Trading Fees | 0% | 0.1% (maker/taker) | 0.6% avg | 0.16-0.26% | | Supported Coins | 50+ | 350+ | 200+ | 150+ | | Fiat Deposits | Only with KYC | Yes | Yes | Yes | | Max Leverage | 5x | 125x | 3x | 5x | | KYC Required? | Optional (Level 1) | Yes | Yes | Yes | | Withdrawal Speed | 1-3 days | <2 hours | <1 hour | <2 hours | | Customer Support | Slow, email-only | Live chat, 24/7 | 24/7 chat | 24/7 phone/chat | | Trust Score | Medium-High Risk | Low Risk | Low Risk | Low Risk |Look at that table. Cobinhood wins on fees. It loses on everything else: liquidity, speed, support, and trust.
The Big Problem: Sustainability
How does Cobinhood make money if it charges $0 in trading fees? The answer is unclear. They don’t publish financials. They don’t disclose revenue streams. The only clues are their COB token and rumored premium services.Analysts at CoinCentral and BitTrust question whether this model can survive long-term. Most exchanges make money from fees, staking, lending, or institutional services. Cobinhood does none of that at scale. Their 2024 daily volume? Just $18.7 million. That’s 0.08% of the global market. Binance does over $10 billion per day.
They’ve announced plans for institutional custody (Q4 2024), fiat on-ramps in 15 countries (Q2 2025), and a decentralized exchange integration (Q4 2025). But these are promises. No deadlines have been met so far.
The 2019 bankruptcy of their sister company, CoinMarket, still haunts them. Even though Cobinhood wasn’t directly involved, users remember. Trust doesn’t come back easily.
Final Verdict: Worth It?
Cobinhood is not a scam. It’s still operating. It still has users. It still runs a clean interface and delivers on its zero-fee promise.But it’s a high-risk gamble. If you’re a small, frequent trader with crypto already in hand, and you’re okay with slow support and no regulatory safety net - then yes, Cobinhood can save you money.
If you’re new to crypto, need fast withdrawals, want to deposit USD, or care about long-term security - look elsewhere. Binance, Kraken, or even Coinbase’s lower-fee tier are safer bets.
Cobinhood is a niche tool. Not a main exchange. Use it for specific trades. Don’t store your life savings there. And never forget: if the platform vanishes tomorrow, your COB tokens and unwithdrawn funds disappear with it.
Getting Started on Cobinhood
If you still want to try it, here’s how:- Go to cobinhood.com and click "Sign Up".
- Enter your email and create a password. No ID needed yet.
- Verify your email. Your Level 1 account is active.
- Send crypto from another exchange (like Coinbase or Kraken) to your Cobinhood deposit address.
- Start trading. No fees.
- If you want to deposit USD or use margin, complete Level 2 KYC - upload your ID and wait 24-72 hours.
Pro tip: Only deposit what you’re willing to lose. And keep most of your crypto off-exchange in a hardware wallet.
Is Cobinhood a scam?
No, Cobinhood is not a scam. It’s a real exchange that’s still operating as of 2025. It offers real trading services and has been around since 2017. But it’s high-risk due to its lack of regulation, slow support, and history tied to the failed CoinMarket company. Treat it like a speculative tool, not a secure bank.
Can I deposit USD on Cobinhood?
Only after completing Level 2 KYC verification. Without verification, you can only deposit cryptocurrency from other exchanges. There’s no direct bank transfer or credit card option for unverified users.
Does Cobinhood have a mobile app?
Yes. Cobinhood has official apps for iOS and Android. The app has a 3.8/5 rating on the App Store. Users like the clean design but report occasional login issues and slow performance during high traffic.
What’s the COB token used for?
COB is Cobinhood’s native token. You can earn it by trading, referring friends, or participating in giveaways. Staking 1,000+ COB unlocks "COB points," which can be redeemed for fee rebates, early access to new tokens, or cash bonuses. It has no value outside the platform and isn’t listed on any major exchanges.
Why is Cobinhood’s trading volume so low?
Because most traders prioritize liquidity, security, and fiat access over zero fees. Cobinhood’s lack of regulation, slow support, and no direct bank deposits make it unattractive to large traders and institutions. It serves a small niche of cost-sensitive, crypto-native users - mostly in Southeast Asia and North America.
Is Cobinhood good for beginners?
Only if you already own crypto. If you’re starting from zero and want to buy your first Bitcoin with a credit card, Cobinhood won’t help. You’ll need to buy crypto elsewhere first. Also, customer support is slow and limited. Beginners are better off with Coinbase or Kraken.
How long do withdrawals take on Cobinhood?
Withdrawals can take anywhere from 2 hours to 3 business days. Most users report delays compared to other exchanges. Bitcoin withdrawals are especially inconsistent - some say they’re processed in hours, others wait days. There’s no guaranteed timeline.
What’s the maximum withdrawal limit on Cobinhood?
Unverified (Level 1) users can withdraw up to 3 BTC per day. Verified (Level 2) users have higher limits, but exact numbers aren’t published. Always check your account dashboard for your personal limit.
Tisha Berg
December 10, 2025 AT 04:29Zero fees sound amazing until you realize you’re trading on a platform that doesn’t even report to anyone. I’ve seen too many people lose everything because they thought ‘no fees’ meant ‘no risk.’ It doesn’t.
Chloe Hayslett
December 11, 2025 AT 20:32Oh wow, another ‘free crypto’ fairy tale. Next they’ll tell us the moon is made of cheese and COB tokens are the silver spoon.
Scott Sơn
December 13, 2025 AT 01:11Let me guess - you’re the guy who bought Dogecoin at $0.001 and still thinks it’s ‘undervalued.’ Cobinhood’s COB token is a ghost coin. Zero volume? That’s not a feature, it’s a funeral.
Josh Rivera
December 14, 2025 AT 05:26They call it ‘loyalty’ but it’s just a pyramid scheme with more crypto buzzwords. You trade to earn tokens so you can earn points to earn… more trading? Wow. What a revolution. I’m crying tears of joy.
Isha Kaur
December 15, 2025 AT 07:54I live in India and tried Cobinhood last year because I was tired of paying fees on WazirX. The interface was smooth, but withdrawals took five days for my ETH. I had to pay a premium on P2P to get cash out. And COB? I got 2000 tokens for trading $500 - worth about 50 cents. Not worth the hassle. I switched back to Binance.
Neal Schechter
December 17, 2025 AT 03:08For small traders who already hold crypto and don’t need fiat on-ramps, Cobinhood can be a decent tool. But if you’re thinking of using it as your main exchange? Don’t. It’s like driving a car with no airbags because the seats are comfy. Sure, it moves - but you’re asking for trouble.
Billye Nipper
December 18, 2025 AT 10:41People keep saying ‘no fees’ like it’s magic… but what about the hidden cost of your peace of mind? I’d rather pay $10 a month and sleep at night than save $120 and wake up to a frozen account.
ronald dayrit
December 20, 2025 AT 01:57The real question isn’t whether Cobinhood is safe - it’s whether we’ve normalized trading on platforms that operate in legal gray zones because convenience feels like freedom. We trade freedom for speed, safety for savings, and then wonder why the system collapses. COB isn’t a token - it’s a metaphor for our collective delusion.
Krista Hewes
December 21, 2025 AT 18:57Wait so you can’t even deposit USD unless you give them your ID? So it’s not really anonymous… it’s just ‘selective anonymity.’ That’s not privacy, that’s a trap for people who don’t read the fine print.
rita linda
December 21, 2025 AT 22:50Let me tell you something, sweetheart - if your exchange doesn’t have a license, it doesn’t have a soul. And if your ‘token’ has zero volume, it’s not a currency - it’s a prop in a stage play. You’re not saving money. You’re funding a ghost.
Elizabeth Miranda
December 22, 2025 AT 13:54I’ve used Cobinhood for six months. The UI is clean. The trade execution is fast. But I treat it like a public restroom - quick in, quick out. I don’t store anything there. I send coins in, trade, then send them right back to my Ledger. Zero fees? Sure. Zero responsibility? Also yes.
Brooke Schmalbach
December 23, 2025 AT 01:35COB token is the crypto equivalent of a loyalty card from a gas station that went out of business. You collect stamps, but the pumps are rusted and the owner vanished. The only thing more pathetic than the token is the people still trading it.
Glenn Jones
December 24, 2025 AT 17:34Oh my god I can’t believe you’re still defending this dumpster fire. I lost $800 in COB because they froze withdrawals for a week and then ‘accidentally’ reset my balance. Support? They replied with a copy-paste: ‘We’re experiencing delays.’ DELAYS? I was trying to pay rent. This isn’t crypto - it’s a confidence trick with a website.
Noriko Robinson
December 25, 2025 AT 20:46Look, I get it - fees suck. But I’d rather pay them and know I can get help when things go wrong. I had a withdrawal issue on Coinbase once - they fixed it in 4 hours. On Cobinhood? I waited 72 hours and got a bot reply. No thanks.
Mairead Stiùbhart
December 26, 2025 AT 12:03‘No fees’ sounds like a fairy tale told by someone who’s never been burned. I’ve seen three friends lose everything on platforms like this. They didn’t get hacked - they got ignored. And then the site just… disappeared. No warning. No refund. Just silence. You think you’re saving money. You’re just gambling with your assets.
Stanley Wong
December 28, 2025 AT 10:17There’s a middle ground here. Cobinhood isn’t evil, it’s just not for everyone. If you’re a casual trader with crypto already and you know the risks, go for it. But don’t pretend it’s safe. Don’t pretend it’s regulated. Don’t pretend COB has value beyond the platform. Just use it for what it is - a no-fee trading tool with zero safety net.
Madison Agado
December 28, 2025 AT 12:21It’s not about the fees. It’s about the principle. If you’re building a financial system on anonymity and isolation, you’re not innovating - you’re avoiding accountability. And in finance, avoiding accountability isn’t clever. It’s dangerous.
Roseline Stephen
December 29, 2025 AT 18:25I used it once. Didn’t like the withdrawal delays. Didn’t trust the token. Didn’t need the COB points. Just moved on. Simpler exchanges exist. Why complicate it?
Thomas Downey
December 31, 2025 AT 08:13It is profoundly irresponsible to recommend a platform that operates outside the bounds of international financial oversight. The absence of regulatory compliance is not a feature - it is a systemic failure. To suggest that zero fees compensate for existential risk is not only economically illiterate - it is ethically indefensible.
Jon Visotzky
January 1, 2026 AT 14:06So if I already have crypto and trade small amounts… is this actually worth it? I’m not trying to be a hero here. I just want to save money without getting scammed. Help me out.