As of October 2025, Coinstore reports between $5–6B in daily trading volume depending on whether you check CoinMarketCap or CoinGecko. That’s massive for an exchange that hasn’t yet built the brand recognition of Binance or Bybit. The catch? Big numbers don’t always equal big trust. Coinstore is quick with listings, has a slick app, and runs aggressive promotions, but there’s no proof of reserves, a regulatory warning in the UK, and a mix of very positive and very negative user reviews.
📜 Background & Reputation
Coinstore launched in 2020, officially registered in the British Virgin Islands, with operations tied to Singapore and Southeast Asia. It promotes itself as an exchange for the “next billion users,” with a mobile-first design and a mission to list new coins fast. Compared to long-standing names like Binance or Kraken, it hasn’t been tested through major market crises, which leaves questions about how it would hold up under stress.
🚀 Features and Offerings
On paper, Coinstore offers a lot. It lists more than 100 tokens, sometimes adding new projects earlier than KuCoin or MEXC. Trading fees are around 0.2%, with occasional promos to lower them. Perpetual futures are available for leverage traders, though liquidity is thinner than top-tier exchanges.
They also promote staking, cashback programs, and trading bots, though details on how these yields are generated aren’t always clear. The mobile app is one of their strongest points: iOS and Android versions are clean and simple, praised by some beginners for ease of use. Others, however, complain about bugs and delays with withdrawals. Fiat options are limited compared to regulated exchanges like Coinbase or Kraken.
🛡️ Safety and Trust
This is where doubts come in. Coinstore hasn’t published proof of reserves, which is a standard expectation for top exchanges in 2025. Without wallet transparency, it’s impossible for users to verify their claims.
The UK’s Financial Conduct Authority (FCA) issued a warning in 2024, stating that Coinstore appeared to be promoting services without proper authorization. No major hacks have been reported, but many user complaints mention frozen accounts, failed withdrawals, and sudden delistings of smaller coins. Security features like two-factor authentication and cold wallet storage are advertised, but no independent audit has verified them.
🎭 What the Users Say
User feedback is split right down the middle. Some reviews highlight smooth onboarding and access to new tokens:
- “UI is smooth, and it’s easy to grab new tokens early.” — Google Play review
- “Better than most small exchanges, fast KYC.” — App Store feedback
Others describe much more negative experiences:
- “Money never arrived in my wallet.” — Trustpilot reviewer
- “They delisted coins suddenly, I got stuck.” — Google Play feedback
- “Withdrawal failed. Support ghosted me.” — Trustpilot reviewer
This mix of excitement and frustration makes Coinstore a polarizing platform.
🌍 Who Actually Uses Coinstore?
Coinstore has traction in Asia, Africa, and Latin America, where traders look for fast access to new coins and aren’t as tied to the most regulated platforms. In Europe and the US, users still lean toward Binance, Coinbase, or Kraken for trust and fiat rails. Coinstore seems focused on markets where early listings and mobile accessibility are bigger draws than compliance.
📊 Real Examples
In 2025, Coinstore listed several tokens before KuCoin or MEXC, giving early buyers an edge before those tokens pumped elsewhere. For memecoin hunters, timing like this can be valuable. On the flip side, some users say smaller coins were delisted without warning, leaving them unable to trade out.
🎰 Should a Degen Use It?
Coinstore is like a late-night blackjack table at a casino. The lights are on, the chips are stacked, and someone always claims a big win. But you don’t know if the dealer is reliable until you sit down.
It could be useful for small, quick plays — especially catching early listings. But it’s not the place to store your main bags or trust with serious capital. The smarter move is to test it with small amounts, withdraw often, and treat it as a side play rather than your home base.
🏁 Final Degen Verdict
Coinstore is high risk and unproven. It has the volume (as reported), a long list of tokens, and a slick app. But the lack of transparency, regulatory warnings, and mixed user feedback mean it’s not ready to compete with the biggest names for user trust.
If you want to roll the dice on early listings, it can be fun in small doses. Just don’t confuse it with a safe vault.
WAGMI — but only if you keep your risk tight.
