Coinhako review

A fast and convenient cryptocurrency exchange and wallet in Singapore.

Coinhako is a friendly cryptocurrency service based in Singapore.

1.0 ★★★★★ (3 reviews) Write a review

4

Fiat currencies

29

Cryptocurrencies

Details

Product Name Coinhako Crypto Wallet & Kiosk
Fiat Currencies SGD, IDR, VND, USD
Cryptocurrencies BTC, ETH, XRP, BCH, LTC, ADA, XLM, NEO, XMR, DOT & 15+ more
Deposit Methods Bank transfer (ACH)
Trading Fee 1%
Deposit Fees None
Withdrawal Fees Varies
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Learn more about Coinhako

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: SGD, IDR, VND, USD
  • Supported cryptocurrencies: Approximately 29 cryptocurrencies

Which payment methods are accepted?

  • Bank transfer
  • Credit and debit cards
  • GrabPay

What’s it like to use Coinhako?

What is Coinhako?

Established in 2014, Coinhako is an all-in-one cryptocurrency platform with an integrated wallet and exchange. It aims to offer more convenience, better prices and stronger security than other services.

In addition to competitive prices and low fees, the Coinhako wallet is also a highly secure and convenient way of storing your cryptocurrencies. This is because funds in a Coinhako wallet are professionally secured and held offline in cold storage, although you can still access them.

What countries is Coinhako available in?

Coinhako’s cryptocurrency trading and wallet services are available in Singapore and Vietnam.

Coinhako fees and limits

Coinhako charges a 1% platform fee for every purchase, sale or swapping of cryptocurrencies. You may also purchase cryptocurrencies through Coinhako with a credit/debit card and GrabPay.

Payment methodsFeesTransfer limit
Coinhako wallet1% platform feeN/A
Credit/debit cards1% platform fee + 3% card feeMaximum S$10,000 per transaction
GrabPay2.5% platform feeS$5,000 daily limit and S$30,000 annual limit for fully verified Grab users. Capped at S$1,000 per transaction. Limits may vary for individuals at Grab’s discretion.

Note: Information provided is accurate as of 22 December 2021.

Deposit and withdrawal fees

How long does it take to transfer funds to Coinhako?

Before you can start trading, you will need to verify your account by providing identification. Verification can be done in one day.

Your transfer times will vary depending on the method you choose.

  • Interbank deposits. Up to one business day on weekdays (processed at 10 am and 4 pm, GMT+8) and up to two business days on weekends.
  • Interbank withdrawals. Up to three working days.

If your funds have taken longer than the specified transfer times to become available, you can contact Coinhako customer service and expect to receive a response within one business day.

Coinhako Earn

Earn up to 6.5% APY on your cryptocurrency holdings, including Bitcoin (BTC), Ethereum (ETH) and other supported tokens.

CryptocurrencyInterest (APY)
BTC2.5% to 3%
ETH2% to 2.5%
DOT6.48% to 8.7%
ZIL6% to 8%

Note: APY indicated in this table is accurate as of 27 December 2021 and may subject to change at Coinhako’s discretion.

Is Coinhako safe to use?

A Coinhako wallet may be one of the most secure ways to hold cryptocurrency. This is because you get professional security for your wallet.

  • 99% of funds are held in cold storage. Coinhako holds at least 99% of its customers’ cryptocurrency in a cold wallet at all times. This means it’s offline and much better protected from thieves or hackers. Even if someone does manage to electronically break into Coinhako’s systems, they will only be able to access a small fraction of users’ funds.
  • Two-factor authentication is required. Coinhako ensures a high level of security for its users by requiring two-factor authentication.
  • Experienced consultants protect the service. Some of Singapore’s top cybersecurity consultants work at Coinhako and use their experience to keep the service and its users secure.

How do I create an account at Coinhako?

To create an account on Coinhako, click on the ‘Sign up free’ button and fill in the required fields. Next, complete a quick 4-step verification process as outlined below:

  1. Phone number verification. Select your country of residence and enter your mobile number. Next, input the 6-digit code sent via SMS and hit the submit button.
  2. Identity verification. Follow the prompts and take clear front and back photographs of your government-issued ID (passports are not supported at the moment). Next, you’ll need to align your face to the oval frame on the screen to complete an automated facial recognition check.
  3. Complete questionnaire. On the third step, simply complete all required questions and click on the ‘Submit answers’ button.
  4. Submit document. Prefill the required documents with MyInfo (faster verification time) or upload your proof of address document manually (approximately 1-2 business days to be processed). You’ll be informed about your verification status through email.

In a nutshell

Pros

  • Quick, simple and easy to use
  • Competitive rates and fees
  • Able to set and customise price alerts
  • Earn reward points from daily logins and trading activities
  • Equipped with advanced security features

Cons

  • No limit orders
  • Platform fee of 1% for buying, selling or swapping cryptocurrencies
  • Bound by the restrictions, such as transfer limits, from MatchMove in addition to any Coinhako restrictions

Compare Coinhako against other exchanges

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10
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Trade 70+ cryptocurrencies with SGD and earn interest by staking coins on this robust platform.
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156
cryptocurrencies

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Frequently asked questions

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