Broker Review

Unauthorised Firm Details

Name: Coinhako
Website: coinhako.com

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Coinhako Review 2025: Singapore Exchange with UK Regulatory Warning

Coinhako is a Singapore-based cryptocurrency exchange and trading platform, offering services such as buying, selling, and storing digital assets, fiat-to-crypto conversions, and wallet management. The platform claims compliance with Singapore’s regulatory requirements and adheres to the Monetary Authority of Singapore’s (MAS) technology risk management guidelines.

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1. FCA Warning – UK Operations Unregulated

In February 2025, the UK’s Financial Conduct Authority (FCA) added Coinhako to its Warning List. The notice states that:

• Coinhako is not authorized by the FCA to provide regulated financial services in the UK.

• UK users are not protected by the Financial Services Compensation Scheme (FSCS) or the ombudsman system.

• Certain domains associated with Coinhako (e.g., coinhako24h.vip, coinhakoaffil.com) may attempt to extend its presence or impersonate it.

This warning does not imply global illegitimacy, but in the UK, Coinhako’s services are effectively unregulated and carry significant risk.

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2. Regulatory Perspective and Oversight

While Coinhako is licensed in Singapore as a Digital Payment Token (DPT) Service Provider under the Payment Services Act (PSA), some analysts highlight:

• Lack of top-tier regulation: Coinhako is not regulated by major global authorities like the FCA, SEC, or ASIC.

• Hybrid reputation: While MAS licensing ensures some compliance, reviews note mixed experiences, especially for users outside Singapore.

• Fraud/impersonation risk: Several lookalike sites (e.g., coinhakoxds.com) have attempted to mimic Coinhako to scam deposits.

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3. User Risks and Cautions

Users should consider the following:

• Jurisdictional protection varies: MAS licensing protects Singapore users, but UK users have no local legal safeguards.

• High-risk instruments: Derivatives, margin trading, or leveraged products may be unsafe where local regulation is absent.

• Domain verification: Always confirm you are on the official coinhako.com domain with proper SSL, avoiding impersonation scams.

• Withdrawal and custody clarity: Verify whether assets are in cold storage, and understand withdrawal processing before depositing funds.

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Summary: Singapore-Regulated but Risky in the UK

Coinhako is a licensed Singapore exchange with a relatively strong regulatory framework locally, but the FCA warning highlights risks for UK users.
Key points for investors:

• Licensed in Singapore under MAS but unregulated in some jurisdictions.

• FCA warning for UK operations, with no FSCS or ombudsman protection.

• Impersonation frauds targeting the brand increase risk.

• Users should verify domains, withdrawal policies, and regulatory protections before engaging.

Investors outside Singapore should exercise caution and consider regulated alternatives in their jurisdictions to minimize financial risk.