Coinexchange.io is Closing Down. Official announcement.

[tadpole_bitfrog]

 unbelievable. coinexchange has accompanied me for many years and now it has gone bankrupt. This is really sad because competition between exchanges is so fierce. Exchanges that do not have large capital will often be buried and go bankrupt when bear market comes.

[1715263478]

1715263478

[1715263478]

1715263478

[1715263478]

1715263478

[1715263478]

1715263478

[1715263478]

1715263478

[cryptothreads]

This is the proof that only exchanges that have potential are can survive in the market. There are now a lot of exchanges that are been closed down because they cannot survive in the market challenges. The competition is also the reason why they announce that they will close.

A lot of exchanges are having problems with trading volume and this is probably the main reason for Coinexchange to close. I participated in this exchange last year and it is really difficult to trade because the coins at this exchange are not liquid well. As soon as I learned that the exchange was closed, I was quite sad because this was an exchange that helped me earn good money and they were always honest with all investors.

Now it's best to quickly withdraw money from this exchange and look for a better exchange in the future. The best advice would be to choose Bitmax because this is exchange that has been gaining a lot of interest recently.

[Zemomtum]

Exchanges are launching almost every week, I will watch and see what will become of them in the next 2-3 years if they will be able to sustain the tempo. This will not be the last as many more will still fold up most especially new one without a convincing user base

[ILScoin]

Bad news for the crypto space,  coinexchange was one of the first exchange I used when I was introduced to crypto,  sad to see them shutting down, the competition in the market is getting more stronger,  exchanges with low trading volume are feeling the heat

[PLATO]

Bad news for the crypto space,  coinexchange was one of the first exchange I used when I was introduced to crypto,  sad to see them shutting down, the competition in the market is getting more stronger,  exchanges with low trading volume are feeling the heat

This is a pity for all investors who have participated in this exchange in the past because until now they are still reputable and allow all investors to withdraw money at this exchange without having to worry too much. I greatly appreciate this exchange and closed coinexchange is something no one wishes in this market. In addition to Coinexchange, you can join other exchanges like Latoken or P2P because these are two exchanges that have a lot of shitcoin if you are risk lover.

[icekohl]

I have the feeling that someone will takeover their exchange business and will be handled by a new management. They have built an exchange platform already that is difficult to abandon. Their system is already in place so it would not be too hard for a new management to rebrand. I salute the ce team for not vanishing into thin air though.

Well, Competition in the exchange market is fierce today, and we are witnessing Chinese exchanges with huge amounts of capital occupying this market. There is very little chance for small exchanges like coinexchange.

[ScamViruS]

Bad news for the crypto space,  coinexchange was one of the first exchange I used when I was introduced to crypto,  sad to see them shutting down, the competition in the market is getting more stronger,  exchanges with low trading volume are feeling the heat

At least they did business honestly. The volume of which they had was all original at coinmarketcap top list. Did not use any fake bots. Nowadays many exchanges everyday  comes on the coinmarketcap top list, that exchange I have never heard the name before! They Generate fake volumes using bots to gain new users. 90% of these exchange volumes are fake.  

[honglu69]

For those altcoins that are impacted by this closure, we invite you to consider to list your altcoins at our exchange: ShorelineCrypto at below 0.005 BTC listing fees.

Our exchange has been in operation for more than one year. We are a New England based business and we have been conscious on lowering our operating cost so that we only offer doge pair trading. If your coin is clone of Bitcoin/litecoin/dogecoin/dash, yes we can list your coin in a week at extremely low fee.
https://ShorelineCrypto.com/

[robelneo]

The Coinexchange.io is about to close. According to their last announcement, trading and deposits will be closed from 15th of October 2019. They have shown the cause of the market situation.
Those who have funds in the Coinexchange.io can withdraw until 1st of December 2019.

Announcement :-  https://www.coinexchange.io/news/post/85/

I'm glad they have set up a long period for traders to withdraw their funds, they want to close in good faith after Cryptopia this is the second popular exchange that will close shop, I used trade there 2 years ago but since the coming of Binance and Kucoin and other localized exchanges they cannot keep up anymore, so it's better for them to close and look for a more profitable business.

[cheezcarls]

The last time I used Coinexchange.io is by trading MB8Coin (which I sold it fast instead of holding it until the price got pumped 6 times from its low value). It’s just sad that they’re gonna close it, but they’re gonna do that gracefully. They have their own reasons why they wanna close, and allows traders to withdraw their amounts that are stored in their exchange.

I wish them all the best in their future endeavors. At least they’re honest to all of us when we received their official newsletter. I honestly think that we do not need additional exchanges anymore, as these new exchanges keep emerging and may not going to last long either. 

[Mpamaegbu]

It's a pity that had to happen. Before the official winding up it was really evident to curious close watching eyes that all wasn't right with Coinexchange if anyone actually took time to study the trading volume there. Well, it's all good that the exchange acted honourably by winding down rather than play out a "hack" and causing traders to lose their funds. I have carefully withdrawn my coins and transferred to other exchanges. I will surely miss this exchange because the security feature is top notch.

[South Park]

WHy don't they sell exchange to someone else? Is it expensive to maintain such exchange?
Would be interested if someone explains me why they couldn't continue to work

We will never know all the circumstances that lead to to closure of this exchange, they claim they are closing their doors because of the market conditions that are not as favourable as before, however there are many more reasons why they could do this, exchanges are under great pressure by governments to comply with their regulations and that costs a lot of money and this could have made them unprofitable, while it does not seem like they have been hacked that is also a reason for exchanges to close their doors, and finally you ask why they did not sold the exchange? I suppose they tried but there were no buyers.

[cryptoraven]

Hi there,

I totally didn't follow the news about coinexchange and missed the chance to withdraw my funds before December. I found out only now that they closed.

I've seen in their last tweet https://twitter.com/coinexchange_io/status/1178990663410442240 many replies from a dubious tweet account https://twitter.com/Askcolnexchange/with_replies about contacting a yahoo email address in order to get some help...

See: https://imgur.com/a/R1R04JZ

Hello user
Please message our Technical Team on (Coinexchangetechnicalteam@yahoo.com) to help you out!
Thanks!!

Do you think this yahoo email is legit or they are trying to scam desperate users trying to get their funds after the deadline? I've already seen scammers doing this kind of stuff, they usually ask the vitcim's private key or to deposit some funds first as "proof" or stuff like that (only a fool would fall but they try).

I tried to sign up at coinexchange official support at https://coinexchangeio.freshdesk.com/support/signup but I didn't receive any welcome e-mail, when I clicked forgot password I got this error message "You are not authorised to access this portal. Kindly contact your helpdesk administrator." so probably they also terminated their freshdesk account or so (not sure).

I'm stupid, I should have followed the news more often, but I wonder if there is still hope, an official way to get my funds or they are simply gone...

I mean I'm sure many people missed the news and are in the same situation... what should we do?

Thanks for constructive help, I'm sure many of you will laugh at me, I can live with that and also living with the fact I lost my funds, but before moving on I'd like to know if it's still possible to do something...
Cheers

[quarkfx]

many exchanges are closing down crypto bridge also closed due to euro kyc ,we will see many other exchanges closing down too
many projects is on a pause due to this

[metalglowd]

This is the proof that only exchanges that have potential are can survive in the market. There are now a lot of exchanges that are been closed down because they cannot survive in the market challenges. The competition is also the reason why they announce that they will close.

Yes I think a market that has no innovation and development will close faster. The lack of users will greatly influence the trading volume in it and then will certainly be a major factor. I feel Coinexchange has more or less an interface like decentralized exchange like Forkdelta so that only a few traders want to use it which is usually only to sell worthless coins which usually worth <15 $

[Anonylz]

Hi there,

I totally didn't follow the news about coinexchange and missed the chance to withdraw my funds before December. I found out only now that they closed.

I've seen in their last tweet https://twitter.com/coinexchange_io/status/1178990663410442240 many replies from a dubious tweet account https://twitter.com/Askcolnexchange/with_replies about contacting a yahoo email address in order to get some help...

See: https://imgur.com/a/R1R04JZ

Hello user
Please message our Technical Team on (Coinexchangetechnicalteam@yahoo.com) to help you out!
Thanks!!

Do you think this yahoo email is legit or they are trying to scam desperate users trying to get their funds after the deadline? I've already seen scammers doing this kind of stuff, they usually ask the vitcim's private key or to deposit some funds first as "proof" or stuff like that (only a fool would fall but they try).

I tried to sign up at coinexchange official support at https://coinexchangeio.freshdesk.com/support/signup but I didn't receive any welcome e-mail, when I clicked forgot password I got this error message "You are not authorised to access this portal. Kindly contact your helpdesk administrator." so probably they also terminated their freshdesk account or so (not sure).

I'm stupid, I should have followed the news more often, but I wonder if there is still hope, an official way to get my funds or they are simply gone...

I mean I'm sure many people missed the news and are in the same situation... what should we do?

Thanks for constructive help, I'm sure many of you will laugh at me, I can live with that and also living with the fact I lost my funds, but before moving on I'd like to know if it's still possible to do something...
Cheers

i hope you don't have too much funds in this exchange? but let me also include that this is the reason why it is overly emphasize that people should not leave their funds in exchange because you never know when something unexpected will happen, and it also pays to keep track of investment by following the necessary news channels for updates, people should be mindful and watchful of their investment in other not to regret later.

[0.054173c]

I have a big request, I did not know that such a great site is closing and I did not check the email !! how do i recover money from this https://www.coinexchange.io/ Please help me!!!!!
Please help me!!!!!
Please help me!!!!!
Please help me!!!!!
Please help me!!!!!

[ryzaadit]

I have a big request, I did not know that such a great site is closing and I did not check the email !! how do i recover money from this https://www.coinexchange.io/ Please help me!!!!!
Please help me!!!!!
Please help me!!!!!
Please help me!!!!!
Please help me!!!!!

You cant.

The withdrawal fund section already ended, their service already down you can't do anything with that. You fund already lose.

Hello user
Please message our Technical Team on (Coinexchangetechnicalteam@yahoo.com) to help you out!
Thanks!!

Do you think this yahoo email is legit or they are trying to scam desperate users trying to get their funds after the deadline? I've already seen scammers doing this kind of stuff, they usually ask the vitcim's private key or to deposit some funds first as "proof" or stuff like that (only a fool would fall but they try).

An email service always using the company domain, if you see a post something like this its absolute a scam.

I bet he will inform you like this "We need to make a confirmation, you need to send a fund to this specific address.", the withdrawal section already close you can't do anything.

[StephenieDuong]

More and more exchange gone down with difference reason, trading really hard these day and exchange keep closing. Crypto need more exchange now, an exchange with government approval would be the best for crypto to grow up.

[Casdinyard]

I have a big request, I did not know that such a great site is closing and I did not check the email !! how do i recover money from this https://www.coinexchange.io/ Please help me!!!!!
Please help me!!!!!
Please help me!!!!!
Please help me!!!!!
Please help me!!!!!

It's hopeless, man. Even you cried your heart out nothing will change.
I'm actually surprised that coinexchage.io had closed while like you I have some coins in there but fortunately I don't mind anymore since they're all shitcoin that came from 2017 airdrop. ( Just hoping it'd stay shit, lol )

Crypto need more exchange now, an exchange with government approval would be the best for crypto to grow up.

I don't think so, we don't need a lot of exchange sites, we only need those that have good customer service, high liquidity and considerable fee and by far only few have these criteria.