Cobinhood exchange is shutting down

[Dark_Sky 8489]

On 1/10/2020 at 11:28 PM, Pearls Before Swine said:

No, you're the one making the mistake.  The exchange *is* shutting down, but they're freezing everyone's funds until February 10th.  And I seriously doubt anyone will be able to withdraw anything then or after.  This looks like an obvious exit scam to me.  There's absolutely no reason an exchange would just shut down and freeze their customers' coins.  Unfortunately we've seen exchanges do this before.

I agree, my friend have an account and he told me that the one who owns the site freeze their fund and later on he found out that he get scammed. 

 

[yuwira 0]

I suppose not absolutely everyone or any organisation can support this journey of cryptocurrency alternate marketplace, there are numerous competitor in this international digital, so if you dont have a whole lot of cash to do the promotion on your websites alternate or your very own crypto you may now not live doing this adventure.

[Michael0606 861]

It was already seen coming, with the background of that exchange, it had a very bad reputation and it was a matter of time for people to stop operating in that exchange, attracting the breakdown and closure of it, so it is better to use the well-known and  reputation.

[jacker 1095]

Unfortunately for those who use this exchange. I don't use Cobinhood Exchange and I don't hear much about it, but I have heard a lot of reviews about it, just negative reviews, poor exchange quality. Believe it is a scam.

[AkaCrafterCZ 1140]

Wait. Cobinhood? Wasn't that supposed to be named Robinhood?

[magd 5231]

This is unfortunate for traders on that exchange and may make them feel frustrated and some will not be able to restore their currencies for this reason. Always, old traders stress the importance of choosing famous and ancient platforms since the cryptography originated.

[malik6314193 5449]

I don't know that it open on tge 10 feb or not but the question is that why they do so. Why they close site for whole month.Its look like that it is not scam site if they were then they will not send any email.

[kadayakito 765]

last year I heard about the high possibility that the Cobinhood Exchange would have to close and not be able to maintain itself to work because there was no longer the possibility of fraud and fraud. Any exchange that closes, I feel worried for their users, they can lose money forever.

[Thekingcallme 1975]

It is unfortunate that the Cobinhood platform is closed. Of course, this will have an impact on the market and some platforms are always subjected to pressures that make them decide to close. This should be taken into consideration.

[scorpiali 5626]

I remember when I want to register on it they told me it's not possible your country not supported by us ,and then i did not,now it's closed,Good news for me i dont lose my money  

[Jamaloo 192]

Progressively more market exchanges are closing their errands due to continuously irate test. Coin trade used to experience a comparable thing as closing its organization undertakings since it couldn't achieve more considering resources. With very close test in the computerized cash exhibit, much more may fall.

[blackdead 32]

On 1/10/2020 at 6:15 AM, kingsbtc said:

Cobinhood exchange is shutting down so if you have fund there be careful.

This is the email I got from them now

 

Dear valued COBINHOOD user,  

 

Thank you for your continuous support for COBINHOOD Exchange during the past few years.

 

It is with the utmost regret that we make the difficult decision to shut down the COBINHOOD Exchange. We deeply apologize for any inconvenience caused.

 

COBINHOOD Exchange is auditing all accounts' balances and migrating all data from Jan 10 to Feb 9 in 2020. It will be re-opened on Feb 10, 2020. All COBINHOOD users can then retrieve their funds accordingly. 

Our refund team will send you an email regarding the refund process on Feb 10, 2020.  

 

Meanwhile, please DO NOT make any deposits; it may result in permanent loss.

 

If you have any questions regarding the refund, please contact:  

support@cobinhood-refund.com

 

Best Regards, 

 

COBINHOOD Exchange Team

What a pity that a good page closes for X cause but at least it announces to its 
users there are pages that neither had nor they took away all their coins at least 
this one that already closed months ago did it

[cooperallch 349]

I also used this exchange and received this email, it is normal for exchanges with low volumes to close their operations and end up closing because they cannot make a profit to keep their expenses

[Henri1111 120]

I also received an email from this exchange that they are now going to close it very clearly I don't know if it's correct. One day there will be no profit for new exchanges in the crypto market especially for those who are new and have confidence in investors.

[guatazoo 7150]

On 1/10/2020 at 1:15 PM, kingsbtc said:

Cobinhood exchange is shutting down so if you have fund there be careful.

This is the email I got from them now

 

Dear valued COBINHOOD user,  

 

Thank you for your continuous support for COBINHOOD Exchange during the past few years.

 

It is with the utmost regret that we make the difficult decision to shut down the COBINHOOD Exchange. We deeply apologize for any inconvenience caused.

 

COBINHOOD Exchange is auditing all accounts' balances and migrating all data from Jan 10 to Feb 9 in 2020. It will be re-opened on Feb 10, 2020. All COBINHOOD users can then retrieve their funds accordingly. 

Our refund team will send you an email regarding the refund process on Feb 10, 2020.  

 

Meanwhile, please DO NOT make any deposits; it may result in permanent loss.

 

If you have any questions regarding the refund, please contact:  

support@cobinhood-refund.com

 

Best Regards, 

 

COBINHOOD Exchange Team

Thats why we are not required to be holding our coins for long term in exchanges, because you can be holding coins within the exchange and don't be following them, so end I'd the day the exchange giving the news about closing the exchange then you missed up the news. 

[Afreen603 307]

Thanks for letting us know about this down. It is good exchange because it has zero trading fee.But it takes 5 hours to complete the procesa.So I think not anybody or any company can support this adventure of cryptocurrency.