Cobinhood Fee Savings Calculator
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Cobinhood charges zero trading fees. Compare your potential savings against other exchanges with standard 0.1% fees.
Important Warning: While Cobinhood offers zero trading fees, it comes with significant risks as discussed in the article. Consider:
- Only 50+ coins available (no Solana, Dogecoin, or Cardano)
- Minimal security (no KYC for basic accounts)
- Unreliable customer support
- Account recovery challenges
Cobinhood Crypto Exchange Review: Zero Fees, Big Risks in 2025
If you're tired of paying trading fees on every buy and sell, Cobinhood sounds like a dream. It’s one of the few crypto exchanges that charges zero trading fees - no maker fees, no taker fees, nothing. That’s not a promo. That’s their whole model. But here’s the catch: it’s not for everyone. And if you’re new to crypto, you might walk into this platform thinking it’s easy money - and end up stuck.
Cobinhood launched in 2017 with a bold promise: remove fees to let traders keep more of their profits. Founded by ex-Google engineers, it quickly gained attention for its clean interface and zero-cost trading. But behind the scenes, things got messy. In 2019, its sister company CoinMarket went bankrupt. That shook trust. And even today, in 2025, many users still wonder: is this exchange safe, or just quietly fading away?
How Cobinhood Works - And Who It’s Actually For
Cobinhood doesn’t let you deposit dollars, euros, or any fiat currency unless you verify your identity. That’s Level 2 KYC. Without it, you’re stuck with crypto-only deposits. So if you just bought your first Bitcoin on Coinbase and want to move it over to Cobinhood? Fine. But if you’re starting from zero? You need to buy crypto elsewhere first. That’s a major barrier for beginners.
For people who already hold crypto and trade frequently, Cobinhood makes sense. Let’s say you trade $10,000 a month. On Binance or Kraken, that’s $10-$25 in fees. On Cobinhood? $0. Over a year, that’s $120-$300 saved. For small traders who make dozens of small moves, those savings add up fast.
But here’s the problem: Cobinhood only supports 50+ coins. That’s nothing compared to Binance’s 350+ or Coinbase’s 200+. If you’re chasing newer altcoins, you’ll likely be disappointed. You won’t find Shiba Inu, Dogecoin, or Solana on Cobinhood. It’s mostly Bitcoin, Ethereum, Litecoin, and a bunch of obscure tokens nobody talks about.
The COB Token - More Hype Than Utility
Cobinhood has its own token: COB. Total supply: 1 billion. Circulating: about 411 million. Price? Around $0.00028 as of October 2024. That’s not a typo. It’s worth less than a penny. And here’s the kicker - its 24-hour trading volume is $0. That means no one’s buying or selling it. Not even the exchange itself.
The platform claims COB gives you perks. Stake 1,000 COB tokens, and you earn “COB points.” Those points can be redeemed for fee rebates - even though trading is already free. It’s a loyalty program with no real reward. There’s no governance. No staking rewards. No utility beyond a confusing points system that few understand.
And the Candy Machine? That’s their giveaway feature. Promises free tokens. But users report it’s unpredictable. Sometimes you get nothing. Sometimes you get a token worth $0.01. It feels like a lottery with terrible odds - and no transparency.
Security - Light on Verification, Heavy on Risk
Cobinhood lets you trade with just an email and password. No ID. No proof of address. That’s Level 1 KYC. It’s great if you value privacy. It’s terrifying if you care about safety.
They do offer two-factor authentication (2FA) via Google Authenticator or SMS. And they send you an email if someone logs in from a new device. That’s standard. But without KYC, there’s no way to recover your account if you lose access. No customer support can help you. No identity verification means no recourse.
Withdrawal limits are also weird. Unverified users can only pull out 3 BTC per day. That’s higher than most exchanges, but it’s still arbitrary. And withdrawals cost 0.001 BTC - about $60 at current prices. That’s normal for Bitcoin, but it’s still a fee you didn’t expect.
And then there’s the history. CoinMarket’s collapse in 2019 left a shadow. Even though Cobinhood claims it’s a separate entity, users don’t trust it. Why should they? The company never fully explained what happened. No audits. No public statements. Just silence.
Customer Support - Where You Get Stuck
Don’t count on help when things go wrong. Trustpilot reviews show a 2.1/5 rating based on just nine reviews - but the pattern is clear. Two-thirds of complaints say support never responded. One user waited 72 hours for a withdrawal confirmation. Another said their account was frozen for a week with no explanation.
Their support hours? 9 AM to 6 PM UTC. That’s 11 PM to 8 AM in New Zealand. Good luck getting help during your trading window. Email support has a 48-hour SLA - but users say it often takes longer. Live chat exists, but it’s spotty. And there’s no phone number. No Twitter account. No active community forums. Just a Telegram group with 4,300 members - most of whom are just asking the same questions over and over.
Mobile App and Interface - Solid, But Flawed
The website and mobile app are clean. Simple. Easy to navigate. That’s Cobinhood’s biggest strength. The charts load fast. The order book is clear. Even beginners can place a market order without confusion.
On the Apple App Store, it has a 3.8/5 rating from over 1,200 reviews. People like the design. But the 1-star reviews? They’re all the same: “Can’t log in,” “App crashes,” “Withdrawal never arrived.” These aren’t minor bugs. They’re recurring issues that suggest poor maintenance.
The platform doesn’t offer advanced tools like stop-loss orders, trailing stops, or limit order types beyond basic ones. If you’re a day trader or swing trader using technical indicators, you’ll miss those features. It’s built for simple buys and sells - not complex strategies.
Who Should Use Cobinhood? Who Should Avoid It?
Use Cobinhood if:
- You already hold crypto and trade frequently (5+ times a week)
- You want to avoid trading fees and don’t mind limited coin selection
- You’re in a region with few exchange options (Southeast Asia, parts of Latin America)
- You’re okay with no customer support and minimal security
Avoid Cobinhood if:
- You’re new to crypto and need to buy with fiat
- You want access to major coins like Solana, Cardano, or Dogecoin
- You care about customer service or account recovery
- You’re trading large amounts - the lack of liquidity makes slippage risky
- You’re worried about regulatory risk - it’s based in the Cayman Islands with no oversight
The exchange’s market share is tiny - just 0.08% of global volume. That’s less than 1/500th of Binance’s. It survives because it fills a niche: cost-sensitive traders in places where banks block crypto. But that niche is shrinking. Binance now offers near-zero fees for high-volume traders. Kraken lowered fees too. Cobinhood’s edge is disappearing.
The Future - Will Cobinhood Survive?
Cobinhood’s 2025 roadmap says they’re working on institutional custody, fiat on-ramps in 15 countries, and a decentralized exchange integration. Sounds promising. But they’ve made big promises before. And they’ve delivered little.
Without trading fees, how do they make money? They don’t say. Maybe from COB token sales? Maybe from premium services? Maybe they’re just running on investor cash. The truth? No one knows. CoinCentral called their business model “unsustainable.” That’s not an exaggeration.
Right now, Cobinhood is a gamble. It’s not a scam - it’s still operating. But it’s not a safe place to store your life savings. It’s a tool for experienced traders who know the risks and want to shave off a few dollars in fees. If that’s you - go ahead. But if you’re looking for reliability, support, or growth - look elsewhere.
Frequently Asked Questions
Is Cobinhood a safe crypto exchange?
Cobinhood is not unsafe in the sense that it’s a scam - it still operates and processes trades. But it’s high-risk. It has no regulatory oversight, minimal KYC, and a history tied to a failed sister company. There’s no insurance on funds, and customer support is unreliable. Don’t store large amounts here. Treat it like a trading tool, not a wallet.
Can I deposit USD or EUR on Cobinhood?
Only after completing Level 2 KYC verification. Without verification, you can only deposit cryptocurrency from another exchange. There’s no bank transfer, credit card, or PayPal option. If you’re new to crypto, you’ll need to buy Bitcoin or Ethereum on Coinbase, Binance, or Kraken first, then send it to Cobinhood.
Does Cobinhood charge withdrawal fees?
Yes. While trading is free, withdrawing Bitcoin costs 0.001 BTC (about $60). Other coins have varying fees, usually in line with network costs. This is normal - most exchanges charge withdrawal fees. The real savings are on trading, not withdrawals.
What coins can I trade on Cobinhood?
Cobinhood supports 50+ cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and its own COB token. But it lacks major coins like Solana (SOL), Cardano (ADA), Polkadot (DOT), and Dogecoin (DOGE). If you’re looking for popular altcoins, you’ll find very few on this platform.
Is the COB token worth buying?
No. The COB token has a price of $0.00028 and zero 24-hour trading volume. It doesn’t give you staking rewards, governance rights, or meaningful discounts. The “COB points” system is confusing and offers little real value. Buying COB is essentially gambling on a token with no demand or utility.
Why does Cobinhood have such low trading volume?
Because most traders avoid it. It lacks liquidity, has few popular coins, offers poor customer support, and has a questionable reputation. Even though it’s zero-fee, traders prefer exchanges with deeper markets, better security, and more coins. Cobinhood’s volume is only $18.7 million per day - less than 0.1% of the global market.
Ryan Inouye
4 11 25 / 08:53 AMZero fees? Cool. Until your coins vanish into the void and you realize Cobinhood’s customer support is a ghost town. You think you’re saving $300 a year? You’re just funding their next round of investor cash burn. Classic.
Rob Ashton
5 11 25 / 01:29 AMWhile the platform presents an intriguing cost-saving model for experienced traders, it is imperative to acknowledge the profound operational and security vulnerabilities that accompany its lack of regulatory oversight and minimal KYC protocols. One must weigh the marginal fee advantages against the existential risk of asset loss.
Cierra Ivery
6 11 25 / 04:15 AMLet’s not pretend this isn’t a dumpster fire with a nice UI. Zero fees? Yeah, because they’re not making money anywhere else-like, at all. And COB token? A digital ghost. No volume. No utility. Just vibes. And yet people still send their crypto there? What is this, 2018?
Stephanie Tolson
7 11 25 / 00:25 AMThere’s a deeper truth here. We’re not just evaluating an exchange-we’re evaluating our own relationship with risk. We want free trading, but we don’t want to be responsible for the consequences. Cobinhood mirrors that contradiction. It’s not broken-it’s revealing. And that’s more uncomfortable than any fee.
Anthony Allen
8 11 25 / 11:03 AMI used Cobinhood for a few months when I was in Thailand and couldn’t use Binance. The interface was clean, no fees were nice, but I had to withdraw everything after my wallet got stuck for 4 days. I just moved to KuCoin. Better support, more coins, and still cheap. Not worth the headache.
Megan Peeples
10 11 25 / 00:14 AMThe COB token? It’s not a token-it’s a metaphor. A symbol of the entire crypto industry’s obsession with creating value from nothing. Zero volume? Perfect. It’s the purest expression of speculative fiction. And yet, people still buy it. Because hope is cheaper than due diligence.
Sarah Scheerlinck
10 11 25 / 00:48 AMI get why people are drawn to it-free trading feels like a gift. But I’ve been burned by platforms that looked too good to be true. I don’t blame anyone for wanting to save on fees. But please, don’t let convenience blind you to the silence behind the scenes. That’s where the danger lives.
karan thakur
11 11 25 / 21:20 PMThis is all a distraction. The real story is that Cobinhood is a front for shadowy U.S. intelligence operations to monitor crypto flows. Why else would they allow zero KYC? They don’t care about your coins-they care about your metadata. The COB token? A backdoor. The ‘Candy Machine’? Data harvesting. Wake up.
Evan Koehne
12 11 25 / 14:47 PMSo they don’t charge fees... but they charge you in trust. And patience. And sleepless nights wondering if your 0.001 BTC withdrawal will ever clear. That’s not a business model. That’s a psychological experiment. And we’re all the lab rats.
Vipul dhingra
13 11 25 / 12:37 PMYou guys are overthinking. If you can trade and not pay fees then its good. Who cares if they have 50 coins or if support is slow. You dont need 350 coins. You need one good trade. And if you cant handle slow support then you shouldnt be trading anyway
Jacque Hustead
15 11 25 / 04:29 AMI think the real question isn’t whether Cobinhood is safe-it’s whether we’re ready to accept that some tools are meant for specific people, not everyone. For the right trader, it’s a quiet, efficient machine. For the rest? It’s a trap. Neither is wrong. Just mismatched.
Wendy Pickard
15 11 25 / 19:25 PMI appreciate the honesty in this review. I used to trade here when I was first starting out, and I thought the zero fees were a miracle. Then I lost two weeks trying to get help with a stuck withdrawal. I don’t blame the platform-I blame myself for not doing more research. Lesson learned.
Jeana Albert
17 11 25 / 03:01 AMI can’t believe people are still using this. I deposited ETH last year and they ‘lost’ it. I emailed them 17 times. No reply. I posted on their Telegram. Got 3 likes and a meme. I cried. I’m not exaggerating. I cried. And now they’re still operating? This isn’t crypto-it’s a horror story with a website.
Natalie Nanee
17 11 25 / 13:54 PMThe COB token is literally worthless. But hey, if you want to feel like you’re part of something, go ahead. Buy it. Stake it. Watch it do nothing. It’s like buying a lottery ticket for a raffle that never happens. But at least you get the dopamine hit of ‘participating’.
Angie McRoberts
17 11 25 / 14:32 PMI used to love this exchange. Clean UI, no fees, fast trades. Then I realized no one else was using it. The order book was paper-thin. I made a trade and got 15% slippage on a 0.5 BTC swap. That’s not saving money-that’s losing it quietly. I moved on. No drama. Just better options.
Chris Hollis
17 11 25 / 20:04 PMCobinhood is dead. Just slow. The zero-fee model collapsed because no one pays for infrastructure. They’re not making money. They’re not growing. They’re just waiting for the next crypto winter to bury them. Don’t waste your time. Use Binance. Or Kraken. Or even Bybit. Anything but this.