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Looking for a crypto exchange that blends regulatory oversight with decent fiat options? Coinut review breaks down what the Singapore‑based platform offers, where it falls short, and which trader types will actually benefit.
Key Takeaways
- Regulated in Canada (FINTRAC) and Switzerland (VQF), giving it a solid compliance backbone.
- Supports only six major cryptocurrencies but offers nine fiat pairs, including SGD and CAD.
- Fees sit at 0.10% taker; no maker rebates, so not the cheapest option.
- Leverage up to 10x is available, a rarity among regulated exchanges.
- Security scores are high (cold‑wallet storage for 95% of assets, 2FA), but no investor‑protection fund.
What Is Coinut?
Coinut is a cryptocurrency exchange founded in 2013 by Litecoin core developer Xinxi Wang and entrepreneur Tao Huang. Operating out of Singapore, the platform maintains physical offices in Canada and Switzerland, making it one of the few early‑era exchanges still active in 2025.
The name originally stood for “COIN Ultimate Trading” and is sometimes shortened to “Coins U Trust.” Its core promise revolves around security, fiat‑on‑ramps, and a user‑friendly interface aimed at both retail and institutional traders.
Regulation and Licensing
Coinut is registered as a Money Services Business with Canada’s FINTRAC, the national financial‑crime watchdog. In Switzerland, it falls under the self‑regulatory body VQF (Verein zur Qualitätsentwicklung in der Finanzbranche). These registrations provide Tier‑1 oversight, meaning the exchange must comply with anti‑money‑laundering (AML) and know‑your‑customer (KYC) standards in both jurisdictions.
While the platform has applied for a licence from the Monetary Authority of Singapore (MAS) and the Ontario Securities Commission, those approvals are still pending as of October2025. U.S. residents can access Coinut, but the lack of a U.S. regulator means American users should perform their own risk assessment.
Security Features
Security is a strong suit. Coinut stores roughly 95% of user funds in offline cold wallets, a practice echoed by larger exchanges like Binance and Kraken. Two‑factor authentication (2FA) is mandatory for withdrawals, and the platform has never reported a successful hack. In a 2025 rating by Traders Union, Coinut earned a 9.75/10 for security, matching the scores of Kraken and OKX.
However, unlike OKX, Coinut does not operate an investor‑protection fund that reimburses users after a breach. This is a notable gap for those who prioritize insurance‑style safeguards.
Supported Assets and Fiat Pairs
Coinut’s market is deliberately narrow. It offers six cryptocurrencies: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, plus two smaller altcoins (unspecified in public docs). These assets can be paired with nine fiat currencies: USD, CAD, SGD, EUR, GBP, AUD, NZD, CHF, and CNY.
The inclusion of Singapore dollars (SGD) and Canadian dollars (CAD) makes the exchange attractive to traders in those regions, especially since many larger platforms lack direct SGD on‑ramps.
Fees and Leverage
Trading fees follow a simple flat‑rate model: 0.10% per taker order. There are no maker rebates, so high‑frequency traders lose the chance to earn negative fees that some competitors advertise. By contrast, Bybit offers a 0.02% taker fee with a 0.01% maker rebate, positioning Coinut’s fees as “reasonable” but not the lowest.
Leverage is capped at 10x, a feature that distinguishes Coinut from many regulated peers that limit margin to 5x or prohibit it entirely. The leverage applies to the six supported crypto pairs, allowing traders to amplify position size while keeping margin requirements modest.
Platform Usability
The exchange is accessible via a responsive web interface and native mobile apps for iOS and Android. The default language is Chinese, but an English toggle sits in the top‑right corner for international users. Account creation requires standard KYC documents (photo ID, proof of address) and typically completes within 24-48hours.
Beyond the trading window, Coinut hosts an education centre packed with video tutorials, glossaries, and basic strategy guides. While the material is solid for beginners, advanced traders will find the depth lacking compared with Coinbase’s extensive learning paths.
Customer Support & Community
Support channels are limited to email and live chat; there’s no telephone line or dedicated forum. Response times average 4‑6hours during business hours, but users have reported occasional delays during peak periods. The platform’s community presence is thin-no official subreddit, and only sporadic mentions on larger crypto forums.
Despite the support shortfall, user sentiment on Trustpilot (nine reviews) highlights platform stability and the convenience of fiat deposits. The main complaints echo the same themes: “limited payment methods” and “slow verification.”
Pros and Cons
- Pros
- Regulated in two strong jurisdictions (Canada, Switzerland).
- Cold‑wallet storage for 95% of funds.
- 10x leverage not common among regulated exchanges.
- Direct SGD and CAD fiat pairs.
- Cons
- Only six cryptocurrencies-far fewer than Binance’s 350+.
- No investor‑protection fund.
- Fees higher than zero‑fee competitors.
- Customer support limited to email/live chat.
How Coinut Stacks Up Against Bigger Exchanges
| Feature | Coinut | Binance | Kraken |
|---|---|---|---|
| Regulation | FINTRAC (Canada), VQF (Switzerland) | None (global) | FINRA (US), FCA (UK) |
| Supported Crypto | 6 | 350+ | 200+ |
| Fiat Pairs | 9 (incl. SGD, CAD) | 30+ | 15+ |
| Leverage | Up to 10x | Up to 125x (USDT futures) | Up to 5x |
| Trading Fees (taker) | 0.10% | 0.02% | 0.16% |
| Investor Protection Fund | No | No | No |
| Cold‑Wallet Storage | 95% of assets | ~80% | ~95% |
Who Should Use Coinut?
If you live in Canada, Singapore, or Switzerland and need a regulated venue to move fiat into crypto, Coinut is a solid pick. Its 10x leverage makes it appealing for traders who want margin without joining a high‑risk, unregulated platform. Conversely, if you chase a broad altcoin catalog, ultra‑low fees, or an insurance‑style protection fund, Binance or Kraken will likely serve you better.
Step‑By‑Step: Getting Started on Coinut
- Visit the official website and click “Sign Up.”
- Enter your email, create a strong password, and confirm the account via the verification link.
- Complete KYC by uploading a passport or driver’s license and a recent utility bill.
- Wait 24-48hours for verification; you’ll receive an email once approved.
- Log in, enable 2FA (Google Authenticator is recommended).
- Deposit fiat: choose SGD, CAD, or USD, then follow the bank‑transfer instructions. Processing typically takes 2‑3business days.
- Navigate to the “Trade” tab, select a crypto pair (e.g., BTC/SGD), and place a market or limit order.
- If you want leverage, select “Margin” and set the desired 2‑10x exposure, remembering the margin requirement.
- Monitor your positions via the “Portfolio” dashboard and set stop‑loss orders as needed.
Final Thoughts
Coinut occupies a niche corner of the crypto‑exchange world: regulated, fiat‑friendly, and modestly leveraged, yet limited in asset variety and support depth. For traders who value compliance and straightforward fiat access, the platform checks the right boxes. For those chasing the widest market reach or deepest liquidity, bigger players remain the go‑to.
Frequently Asked Questions
Is Coinut safe for storing large amounts of crypto?
Yes. With 95% of funds kept in offline cold wallets, two‑factor authentication, and no history of successful hacks, Coinut meets high‑security standards. However, it lacks an investor‑protection fund, so you should still consider external hardware wallets for very large holdings.
What fiat currencies can I deposit on Coinut?
Coinut supports nine fiat pairs: USD, CAD, SGD, EUR, GBP, AUD, NZD, CHF, and CNY. Direct bank transfers work for most of them, with SGD and CAD being especially convenient for users in Singapore and Canada.
Can I trade with leverage on Coinut?
Yes. The exchange offers up to 10x margin on its six supported crypto pairs. Leverage is optional and works only after you enable the margin‑trading mode in your account settings.
How do Coinut’s fees compare to other exchanges?
Coinut charges a flat 0.10% taker fee with no maker rebate. This is higher than zero‑fee platforms like Bybit (0.00% maker) but lower than some older exchanges that charge 0.15%‑0.20% for takers. The fee structure is transparent, but it isn’t the cheapest on the market.
Is Coinut regulated in the United States?
No. Coinut does not hold a U.S. licence, so American users can access the platform at their own risk. The exchange is, however, regulated in Canada (FINTRAC) and Switzerland (VQF).
Comments
Ben Parker
Coinut seems like a decent choice for folks in Canada or Singapore, but the limited crypto lineup feels like tossing a party with only six guests 🎉. The 0.10% taker fee is okay, yet you'll pay more than the zero‑fee futures on other platforms.
October 11, 2025 AT 09:13
Daron Stenvold
When assessing a platform such as Coinut, one must weigh regulatory compliance against market depth. The fact that it holds licenses from FINTRAC and VQF provides a reassuring layer of oversight, especially for users wary of unregulated havens. Yet the stark confinement to merely six cryptocurrencies curtails diversification opportunities, a serious drawback for seasoned traders who thrive on variety. Moreover, the flat 0.10% taker fee, though transparent, lags behind the blisteringly low rates offered by newer competitors. Nonetheless, the availability of up to 10x leverage-rare among regulated exchanges-injects a tantalising edge for margin enthusiasts. Security measures rank among its strong suits, with ninety‑five percent of assets sequestered in cold storage and mandatory two‑factor authentication for withdrawals. The lack of an investor‑protection fund, however, leaves a lingering vulnerability should an unforeseen breach occur. For those residing in Singapore, Canada, or Switzerland, the direct fiat on‑ramps for SGD and CAD present undeniable convenience. In contrast, traders seeking a pan‑global asset repertoire may find the platform's narrow focus limiting. Ultimately, Coinut occupies a niche niche: regulated, fiat‑friendly, but modest in scope.
October 11, 2025 AT 21:43
hrishchika Kumar
Coinut feels like a bridge between the bustling bazaars of Singapore and the serene banks of Zurich, a cultural tapestry woven with compliance threads. Its modest list of coins echoes a curated gallery, each piece polished and exhibited with pride. While the fees whisper a modest song, the lack of maker rebates may leave high‑frequency painters longing for a richer palette. Still, the platform’s dedication to cold‑wallet guardianship sings a lullaby of safety that many dream of across continents. For those who cherish a simple, well‑regulated stage to showcase their crypto art, Coinut offers a graceful platform.
October 12, 2025 AT 10:13
Nina Hall
Hey crypto fans! If you’re hunting for a regulated exchange that won’t overwhelm you with a gazillion tokens, Coinut might just be the friendly neighbor you need. The 10x leverage feels like a secret handshake for serious traders, while the straightforward fee keeps things crystal clear. Plus, those SGD and CAD pairs are a lifesaver for folks trading from Singapore or Canada. Keep your eyes on the security score-cold storage is always a win!
October 12, 2025 AT 22:43
Lena Vega
Regulation is nice, but the asset selection is painfully thin.
October 13, 2025 AT 11:13
Mureil Stueber
Coinut's security architecture is solid; 95% of funds sit offline and 2FA is required for withdrawals. The platform's compliance under FINTRAC and VQF adds a layer of trust, especially for users in regulated jurisdictions. Fees are transparent at 0.10% taker, though higher than some zero‑fee rivals. Leverage up to 10x is a standout for a regulated venue. Fiat support for SGD, CAD and other major currencies eases fund entry. The limited crypto list may deter traders seeking breadth. Overall, it offers a balanced blend of safety and functionality for those prioritizing compliance.
October 13, 2025 AT 23:43
Emily Kondrk
Don't be fooled by the shiny regulatory badges-Coinut is just another pawn in the grand surveillance chessboard. Behind the cold‑wallet façade lurks a data‑harvesting engine ready to feed the global elite. Their 0.10% fee is a gilded cage; you’re paying for the illusion of safety while your trades fuel hidden agendas. The limited coin roster is intentional, keeping you confined to assets that can be easily monitored. Trust no one, especially not a platform that can’t even afford an investor‑protection fund.
October 14, 2025 AT 12:13
Laura Myers
Alright, let’s get real: Coinut tries hard to look sleek, but it’s basically a boutique shop for the faint‑hearted. Six coins? That’s like a coffee shop that only sells espresso-nothing for the latte lovers. The 0.10% fee is decent if you’re a casual trader, yet the lack of maker rebates feels like a polite snub to the high‑frequency crowd. On the upside, the 10x leverage is a nice cherry on top for those who love a little risk. Security? Solid. But if you want bread‑and‑butter variety, you’ll need to look elsewhere.
October 15, 2025 AT 00:43
Leo McCloskey
Coinut, while regulated, suffers from an egregious lack of asset diversity; only six cryptocurrencies, which is astonishingly insufficient for any trader seeking comprehensive market exposure; moreover, the fee structure, though transparent, is not competitive when juxtaposed with zero‑fee platforms; the absence of an investor‑protection fund further exacerbates concerns; nonetheless, the platform does boast robust security practices, which cannot be disregarded.
October 15, 2025 AT 13:13
arnab nath
Coinut's limited coin list is a deliberate bottleneck, ensuring control and simplifying surveillance; the 0.10% fee is a modest trade‑off for the regulatory comfort they provide; however, without a protection fund, users are exposed to systemic risks.
October 16, 2025 AT 01:43
Nathan Van Myall
Coinut offers regulated fiat gateways, but the narrow crypto selection may limit strategic diversification for sophisticated traders.
October 16, 2025 AT 14:13
debby martha
i think the fee is ok but the lack of many coins is a bummer lol.
October 17, 2025 AT 02:43
Ted Lucas
Yo! Coinut hits the sweet spot with 10x leverage-feels like turbo mode for margin fans! The fee’s a tad higher, but hey, you get regulated safety. And those SGD/CAD pairs? Pure gold for us east‑coast traders! Keep it up, Coinut! 🚀
October 17, 2025 AT 15:13
Orlando Lucas
First, let’s acknowledge the commendable effort Coinut has taken to secure regulatory approval across multiple jurisdictions, a feat that many exchanges still aspire to achieve. Second, the platform’s emphasis on cold‑wallet storage, with ninety‑five percent of assets offline, sets a high benchmark for custodial security. Third, the flat 0.10% taker fee, although not the cheapest, provides a clear and predictable cost structure that simplifies budgeting for traders. Fourth, the availability of up to ten times leverage distinguishes Coinut from other regulated venues that typically cap at five times, granting experienced margin users a valuable edge. Fifth, the inclusion of fiat gateways for SGD, CAD, and a host of other major currencies directly addresses a common pain point for regional traders who struggle with indirect bank routes. Sixth, the platform’s user interface, while functional, could benefit from deeper customization options for power users; nonetheless, its simplicity aids newcomers in navigating the market. Seventh, the lack of a maker rebate may deter high‑frequency traders who rely on tight spreads and negative taker fees to maximize profitability. Eighth, the absence of an investor‑protection fund is a notable gap, especially when compared to entities that maintain insurance reserves for user assets. Ninth, customer support, limited to email and live chat, presents challenges during peak volume periods, often resulting in delayed responses. Tenth, the community presence is modest; the lack of an official subreddit or active forum means users rely heavily on external platforms for peer discussion. Eleventh, the platform’s compliance with FINTRAC and VQF ensures adherence to AML and KYC standards, fostering trust among institutional participants. Twelfth, the restricted selection of six cryptocurrencies, though focused, severely limits diversification opportunities for portfolio construction. Thirteenth, the platform’s liquidity, while adequate for the listed assets, may experience slippage during large orders, a risk that traders should factor into execution strategies. Fourteenth, the educational resources, though helpful for beginners, do not cater comprehensively to advanced strategies such as complex derivatives or algorithmic trading. Fifteenth, overall, Coinut presents a balanced proposition: strong regulatory footing and security, moderate fees, and niche fiat support, juxtaposed against limited asset breadth and support infrastructure. Investors must weigh these dimensions against their specific trading objectives to determine suitability.
October 18, 2025 AT 03:43
Philip Smart
Coinut's regulated vibe is cool, but the tiny crypto menu feels like a snack when you wanted a feast. Still, 0.10% isn’t terrible if you’re not a fee‑hunting beast.
October 18, 2025 AT 16:13
Jacob Moore
Nice breakdown! Coinut looks solid for folks who need reliable fiat on‑ramps and can live with a smaller coin selection. The 10x leverage is a sweet bonus for margin traders.
October 19, 2025 AT 03:20
Manas Patil
From a cultural perspective, Coinut’s focus on Singaporean and Canadian fiat pairs showcases an inclusive approach that acknowledges regional markets. While the crypto offering is limited, the platform’s compliance and security measures resonate well with users who prioritize safety over sheer variety.
October 19, 2025 AT 15:50
Annie McCullough
Coinut is fine but i think it’s overhyped lol. fees are ok, security is good, but i’d rather see more coins… 🙄
October 20, 2025 AT 04:20