Cobinhood offers zero trading fees, making it attractive for frequent crypto traders. But with slow support, no fiat deposits without KYC, and a risky history, it's not for everyone. Learn who should use it - and who should avoid it in 2025.
Cobinhood Exchange: What Happened and Where to Trade Now
When you hear Cobinhood exchange, a once-promising crypto platform that promised zero fees and high-speed trading but collapsed under regulatory pressure and mismanagement. Also known as Cobinhood.io, it was once touted as the future of decentralized trading — until it vanished without warning in 2019, leaving users locked out and funds unclaimed. This isn’t just a story about one failed platform. It’s a warning sign for anyone who trusts flashy promises over transparency.
What made Cobinhood stand out at first? It claimed to be the first crypto exchange with zero trading fees, which drew in thousands of early adopters. But behind the scenes, it lacked proper licensing, ignored KYC rules, and quietly moved user funds without notice. When regulators in the U.S. and South Korea started asking questions, Cobinhood didn’t answer — it just shut down. The same pattern shows up in other dead exchanges like CoinCasso, a platform flagged as a scam in 2025 after disappearing with user deposits, and Paycml, a fake exchange with zero trading volume and no regulatory footprint. These aren’t coincidences. They’re red flags you can learn to spot.
Today, the crypto world still has plenty of risky platforms hiding behind promises of free tokens, zero fees, or guaranteed returns. But there’s a difference between a platform that’s trying to grow responsibly and one that’s just trying to disappear. The posts below show you exactly what went wrong with Cobinhood and other failed exchanges, how to recognize the signs of a scam before you deposit a dime, and which real, working exchanges you can trust with your money. You’ll also find real comparisons between platforms that actually serve users — not just take their funds. This isn’t about fear. It’s about knowing what to look for before you click ‘Deposit’.