Crypto Exchange CoinBene Shuts Down

Crypto Exchange CoinBene Shuts Down
  • CoinBene stopped the function of its service on November 05, 2021. 
  • The website and apps will be closed on November 15, 2021.
  • The platform will close completely on November 31, 2021.

According to Coinbene announcement, CoinBene stopped the function of its service on November 05, 2021. 

Moreover, CoinBene is a trusted and secure cryptocurrency exchange platform where users can buy and sell the most famous crypto assets, including Bitcoin, Ripple, Ethereum, and more. For operational and regulatory reasons, CoinBene will permanently close its service to meet the requirements for cryptocurrency laws and regulations in various regions.

Coinbene’s Closing And Return Process

As part of the closing and return process, the exchange announced a few dates to be noted. Notably, the spot transaction function will be stopped on November 5, 2021, at 18:00 (GMT + 8). Moreover, the system will uniformly cancel any orders that have not been cancelled. 

More so, the website and apps will be closed at 18:00 (GMT + 8) on November 15, 2021, and no one will be able to log in. By November 31, BR site users will be able to withdraw coins from the website. 

Customers will not be able to withdraw after November 31 due to a lack of customer service personnel. In addition, the user must bear the consequences of not withdrawing cash on time if they suffer asset losses.

Even more, the asset withdrawals must be completed by November 15, 2021 for CoinBene users. In case the platform closes, users who haven’t completed the asset withdrawal process can contact the platform’s customer service team before November 31, 2021, so that they can apply to withdraw assets after completing identity verification. 

Upon completion of the cancellation and liquidation, the platform will close on November 31, 2021. The user’s withdrawal request will not be accepted by customer service at that time. Moreover, the exchange request  the user needs to bear the asset loss which happens through not withdrawing in time.

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Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.