Website: coss.io
About company:
COSS is a young cryptocurrency exchange that was registered in 2017. It is not included in the TOP-100 of the Coinmarketcap rating, its turnover is at an average level. KOSS provides an over-the-counter trading platform and news service. It also has its own COS token. There are a lot of reviews on the web about coss.io, and they are seriously different. Therefore, we decided to make a detailed review of the cryptocurrency exchange, consider its functionality and understand the opinions of users about the company. Overview of the site “KOSS” There is no Russian-language version on the site, so the company is not very popular in the CIS countries. On the main page, COSS advertises its own token and commission in favor of traders. There are six items in the top menu: “Cryptocurrency Exchange”; public api; “Commissions”; “Entrance”; “Registration”; “Language Selection”.
My funds have been locked for over 2 months, and no end in sight. The company just closed the exchange without prior notice, just saying that theyI will return some day. Currently, no one knows who the owners are, which country the company is based on, and which regulation it follows.
I also requested my personal data (they have my passport copy etc) twice as is my right based on the terms of use, gdpr and pdpa, yet after over one month, I have not got any repply that my request was even being processed.
The list of bugs and issues in the past is long, including market selling all customer trades automatically by mistake, not being able to cancel orders, etc.
The company closed all support channels simultaneously, and email address mentioned in the terms of use for complience was inactive.
Now that the exchange has returned, users have to do KYC before withdrawing their funds (not compulsory before). Withdrawal still not possible.
Be very cautious.
Highly recommended to avoid this and to stick to more reputable exchanges.
If you are still curious, I recommend reading cases such as Arax failure, dilluting COS token with LALA token, i.e. increasing the total amount of the token, and coss announcements about mismanagement by previous team members, and audit problems without more detailed information what these are related to.
I have little money in the exchange. Last January 2020 they emailed me about changes in their website and now the website is up and running I can no longer log in. I have emailed them twice and no response. STAY AWAY FROM COSS.IO EXCHANGE. You’re not dealing with serious people. I’m sure you’ll find better exchanges and crypto sites out there. It’s a fact they are a scam.
Do not trade on this platform. Without any prior notice they locked all accounts late 19. I still didn’t get my funds back.
STAY AWAY FROM THIS PLATFORM!