Coinut (Coin U Trust) is a cryptocurrency exchange founded in 2013. The exchange is based in Canada and Singapore. Coinut crypto exchange supports buying, selling, and trading cryptocurrencies such as Bitcoin, Litecoin, and Ethereum.
Coinut requires its users to verify their identity in compliance with KYC and AML requirements. Coinut exchange is available on Android and iOS mobile applications. Users can also access the Coinut services through the web.
Markets
Coinut spot trading allows users to trade digital assets with their available account balances without any leverage.
The platform supports crypto-to-crypto and crypto-to-fiat trading. Coinut trading pairs for digital currencies include BTC/USDT, BTC/XSGD, LTC/USDT, LTC/XSGD, ETH/USDT, and ETH/XSGD. Also, the exchange supports trading pairs for Singapore Dollars (SGD), Canadian Dollars (CAD), and US dollars (USD).
Coinut offers an advanced trading interface, with tools that give users deep market insights. The trading platform runs on order books that match seller and buyer requests to enable users to trade effectively. It supports both limit orders and market orders. Market orders enable traders to purchase or sell their cryptocurrencies at the available market prices. On the other hand, the Limit order feature enables users to set maximum and minimum prices for their buy and sell orders.
Traders can view live Coinut crypto prices on the platform.
The Coinut exchange fee for crypto-to-crypto trading pairs is 0.1% for takers. Makers, on the other hand, do not attract any fees for crypto-to-crypto trades. Crypto-to-fiat trades are based on a tiered model. Tiers are defined by users' trade volume for the last 30 days. Taker fees range from 0.5% to 0.3%, while maker fees range from 0.45% to 0%.
Besides that, Coinut crypto fees do not include withdrawal charges, just like crypto and fiat deposits. However, fiat withdrawals attract a 0.55% fee, while crypto withdrawal fees vary depending on the asset.
Other Services
Coinut provides a set of easy-to-use REST APIs and Websocket APIs for users to trade cryptocurrencies. The API services enable users to access useful real-time data for their trading activities.
The platform also has a referral program that rewards users for inviting their friends to use Coinut crypto exchange services. The rewards include 30% of all trading commissions of the referred user for a 2-years trade.
About the Company
Coinut was founded in 2013 by Xinxi Wang. The company is headquartered in Singapore with a subsidiary in Canada. Coinut is backed by Boost VC from Silicon Valley, Bitmain from Beijing, and the National University of Singapore Enterprise from Singapore.
Since its launch, Coinut has been mostly focused on ensuring security, compliance, and growth. In September 2022, Coinut crypto exchange partnered with ADVANCE.AI to scale its global user growth. Coinut reported that it would utilize ADVANCE.AI's KYC onboarding process, AML, and global compliance monitoring solutions.
As one of the earliest cryptocurrency exchanges in Canada, Coinut has been attracting many users over time. The platform reached more than 1 million global user base in 2022. Coinut volume has been growing with the increasing number of users on the platform.
The daily Coinut trade volume is displayed on the chart above.
Xinxi Wang, the founder of Coinut, is one of the core developers of Litecoin. He is a member of the Litecoin Foundation. Xinxi Wang has eleven years of trading experience. He has a Ph.D. in Computer Science from the University of Singapore. The Coinut team also includes other highly skilled and experienced experts in tech, business, and management.
