Comprehensive Review of Coiny8v Pro

Coiny8v Pro is a cryptocurrency exchange that gives access to the spot and perpetual futures markets. Besides that, the firm deals in cloud mining, credit solutions, and trading bots. The trust of the community in this exchange is moderate, hence mixed reviews, both negative and neutral. Let’s find out if the dealer is a scammer or not.

Highlights

Key Trading Features

Coiny8v Pro offers its clients a broad spectrum of services, from spot trading and perpetual futures contracts to cloud mining and lending solutions. It does not adhere to the traditional model of tiering accounts. The following is a detailed breakdown of the core services offered by the company, which are directly related to cryptocurrency and tokens.

Upon registration, there are no strict limitations concerning the minimum deposit. The platform accepts any cryptocurrency, provided the network fee is covered. The main service available is spot trading of cryptocurrencies. However, critical details such as spread sizes and additional execution parameters are not disclosed.

Cloud mining is possible for certain assets, but the asset freeze period ranges between 2 to 90 days. Coiny8v Pro promises returns of more than 109%, up to 292% annually. However, the big problem is that they offer mining of USDT, a stablecoin that cannot be mined like other cryptocurrencies such as Ethereum. This raises several red flags regarding their mining services. The unrealistically high returns further raise questions about the validity of the service.

The platform gives loans against the liquidity pool of 100 million USDT. Loans can be granted for tenors of 7 to 30 days, and the interest rates will range from 2.1% to 8.1%, respectively. The size of a loan may range from 20,000 to 20 million USDT. Although the service positions itself as a service for passive income, very high interest rates and unclear conditions raise suspicions about the viability and safety of such loans.

Despite the diversity of the services provided, the significant disadvantages are a lack of reliability and transparency. The cloud mining and lending options seem to be inefficient, and important trading information is not disclosed. Such elementary mistakes as the provision of USDT mining also make the platform less credible.

Overview of Available Trading Instruments

Coiny8v Pro focuses on digital assets and is mainly involved with cryptocurrencies. In total, you can trade a couple of dozen different trading instruments. The most well-known trading pairs include BTC/USDT, ETH/USDT, ADA/USDT, DOGE/USDT, and SOL/USDT.

The site structure has a separate section for information on trading volumes and prices. There is a table with growth indicators for some pairs, but it has almost never been updated. Due to this, such data can mislead traders and disrupt their decision-making process.

Trading Platform Analysis

Coiny8v Pro offers a web-based browser trading terminal. Its interface is copied from the higher-quality CEX: there are basic timeframes, cryptocurrency pair statistics, and trading history. The right side menu allows the user to make trades and trade quickly.

However, due to the high level of manipulation and simply zero liquidity, the overall impression of the quality of this platform is really low. A mobile version doesn’t exist; apparently, the development of any native app, through App Store distribution, for instance, simply isn’t feasible.

Additional Services

Coiny8v Pro pushes for different services, both for novice and regular customers. For example, AI-powered trading bots can be connected to BTC, ETH, and USDC. Daily returns from 0.027% up to 0.041% are promised. Their prices vary from 100,000 to 500,000 USDT, which, aside from the vagueness of return promises, makes them suspiciously expensive for users.

The platform also has an FAQ section, but there is no quality educational content. They claim to hold regular thematic contests and giveaways, but these events are largely fabricated. The lack of genuine educational resources and the presence of fake contests undermine the platform’s credibility.

Unlike most other exchanges, Coiny8v Pro does not support an affiliate program, which is very unusual. Most of the well-known centralized exchanges have loyalty programs and bonuses for their users. In this case, there are no such incentives for users to promote the website or be loyal to it.

Fee Structure

Coiny8v Pro generates most of its revenue through transaction fees. However, there is no detailed information about the fee structure. No tables or documents were found that show what these fees consist of.

Deposits are charged ‌a fixed network fee, and for withdrawals, the managers can manually increase the fees, according to the “Service Agreement.” There is also ‌an inactivity penalty for accounts that have been inactive for more than three months. This hidden structure of fees may result in unexpected costs for ‌users.

The most controversial clause of the service agreement is that in case of disputes, the client has to pay a penalty of $2 million and cover all the legal fees. This is extremely unusual and raises very serious questions about the company’s intentions and user protection.

Legitimacy of Coiny8v Pro

Coiny8v Pro is not regulated by the laws of any jurisdiction. The official website does not provide any relevant regulatory information. The exchange is not in compliance with European MiCA or U.S. FinCEN regulations. Furthermore, the company completely ignores anti-money laundering policies. The footer of the website does not have any useful information or links provided, which also indicates a lack of transparency and accountability.

This is an illegal operator in the UK, and a search in the registry at Companies House will confirm it. Further, there is no data protection or privacy during registration and verification; and finally, this firm does not pay its taxes. Non-compliance with such legal and regulatory standards creates many risks for users.

Company History

Coiny8v Pro does not provide any information about its operational history. There is no section on the website that describes the company’s achievements. Instead, there are manipulative claims about events and system updates that have taken place since 2019.

A simple check of the domain will reveal that this exchange started operating in September 2024. That means all claims about its reliability and achievements are fabricated, as are most of the reviews. Misleading information about a company’s history further undermines trust in its operations.

Conclusion

Coiny8v Pro is presented as a cryptocurrency exchange that provides a wide range of services, including cloud mining and lending to trading bots. In reality, these options are ineffective, and the profitability of clients is zero. The company has some problems with regulation and trading software. We don’t recommend cooperating with this platform.

Weighing the Pros and Cons

Common Questions