Cryptoforce Crypto Exchange Review: Is It Safe and Worth Using in 2025?

Posted By Tristan Valehart    On 3 Dec 2025    Comments (29)

Cryptoforce Crypto Exchange Review: Is It Safe and Worth Using in 2025?

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If you're looking at Cryptoforce as a place to buy or trade crypto, you're not alone. But here’s the truth: Cryptoforce isn’t one platform-it’s three different things using the same name, and that’s a red flag you can’t ignore.

What Even Is Cryptoforce?

There’s no single Cryptoforce. You’ve got the Indian exchange, the Dubai operation, and a tiny Ethereum token-all sharing the same branding. That’s not a feature. It’s a mess.

The Indian version started in 2022 as Coinsbit India, rebranded to Cryptoforce Exchange. It’s based in Hyderabad and claims to be India’s first crypto exchange built for local users. It supports INR deposits, lets you trade 129 coins including Bitcoin, Ethereum, Solana, and Dogecoin, and says it charges zero fees on your first three trades. Sounds good, right? But here’s the catch: no one outside India seems to know about it. CoinMarketCap lists its trading volume as “untracked.” That means no one’s verifying it. Not even the big crypto data sites trust it.

Then there’s the Dubai version. It says it’s licensed by the Dubai Multi Commodities Centre (DMCC), which sounds official. But DMCC licenses thousands of companies-many of them shell operations. There’s no public record confirming Cryptoforce’s license status. No license number. No regulatory portal listing. Just a claim on a website.

And then there’s the COF token. It’s an ERC-20 token on Ethereum, trading only on Uniswap V2. Its price? Around $0.0000027. Daily volume? Less than $600. That’s not a currency. That’s a ghost. You can’t even buy it on any real exchange. If someone tells you to “invest in COF,” they’re selling vapor.

Can You Actually Trade on Cryptoforce?

Let’s say you ignore the confusion and try to use the Indian exchange. You sign up. You do KYC. You deposit INR. What happens next?

The platform says it’s “fee-free” for the first three trades. That’s a bait. After that? Fees are hidden. No clear fee schedule is published. No breakdown of maker/taker fees. No withdrawal costs listed. That’s not transparency-that’s a trap.

Trading hours? Monday to Saturday, 9 AM to 7 PM. Closed on Sundays. That’s not normal. Binance, Coinbase, Kraken-they run 24/7. Crypto doesn’t sleep. Why should your exchange? If you’re trying to buy Bitcoin after a market crash at 2 AM, you’re out of luck.

Supported coins? Yes, the usual suspects: BTC, ETH, SOL, DOGE. But here’s the thing: liquidity matters. If you try to sell 100 DOGE, will you get a fair price? Probably not. With low user volume and untracked trading, your order might sit for hours-or get filled at a terrible rate.

Security: What’s Really Protected?

Cryptoforce claims “advanced encryption” and “continuous monitoring.” Sounds fancy. But what does that actually mean?

No public audit reports. No proof of reserves. No multi-sig wallet disclosures. No history of security breaches? That’s not because they’re secure-it’s because no one’s looking. Real exchanges like Coinbase and Kraken publish quarterly proof-of-reserves. They get audited by firms like Grant Thornton. Cryptoforce? Nothing.

The Dubai side says it follows FATF and FATCA rules. But again-no proof. No regulatory filings. No public license number. You’re trusting a website’s claim, not a government database.

And what about cold storage? Where are your coins kept? Is 95% stored offline? Is there insurance? No answers. That’s not a security policy. That’s silence.

A traveler at a closed crypto exchange gate with coins gathering dust and a deceptive 'Fee-Free' sign.

Who Is This For?

If you’re in India and you’re new to crypto, Cryptoforce might seem like a safe entry point. It supports INR. It says it’s compliant. It looks clean.

But here’s what you’re not being told: there are better options. WazirX, CoinSwitch Kuber, and ZebPay are all Indian exchanges with millions of users, verified compliance, published audits, and 24/7 support. They’ve been around for years. They’ve survived regulatory crackdowns. They’ve been reviewed by thousands.

Cryptoforce has 100,000 community members? That’s less than WazirX has in a single week. 1,000 downloads? That’s a startup. Not a reliable exchange.

And if you’re outside India? Don’t bother. The Dubai operation isn’t verified. The Indian one doesn’t support USD or EUR. You can’t deposit from Europe, the US, or Australia. It’s a local play with global branding-and that’s misleading.

The COF Token: Don’t Touch It

If you see ads for “Cryptoforce Coin” or “COF token,” run. It’s not connected to the exchange. It’s not backed by anything. It trades on Uniswap with $572 in daily volume. That’s less than the cost of a decent coffee in Wellington.

People who promote COF are either clueless or scamming. There’s no utility. No roadmap. No team. No whitepaper. Just a token floating in DeFi with no buyers and no purpose.

If you buy it, you’re gambling on zero. And in crypto, that’s not speculation-that’s suicide.

A person holding a fading COF token as dark smoke swirls around them, while trusted exchanges glow in the distance.

Why No One Talks About It

You won’t find reviews on Trustpilot. No Reddit threads. No YouTube breakdowns. No Hacker News mentions. No Medium articles. Nothing.

That’s not because it’s “undiscovered.” It’s because no one trusts it. Real users don’t stick with platforms that don’t have transparency, support, or history.

Compare that to Binance, which has over 100 million users and thousands of verified reviews. Or Coinbase, which is publicly traded and regulated in the U.S. and EU. Cryptoforce doesn’t even come close.

Final Verdict: Skip It

Cryptoforce isn’t a scam in the classic sense. It’s not a Ponzi. It’s not stealing funds outright. But it’s a dangerous gray zone.

It’s a platform built on vague claims, unverified licenses, zero transparency, and confusing branding. It’s trying to look like a real exchange while hiding behind buzzwords like “compliance” and “secure.”

If you’re in India and want to trade crypto, use WazirX or CoinSwitch. They’re local, legal, and trusted. If you’re anywhere else, stick with Coinbase, Kraken, or Bybit. They work globally, have real audits, and respond to customer support tickets.

And if you see COF token? Block it. Delete it. Walk away.

Cryptoforce doesn’t deserve your money. Not now. Not ever.