When you hear "Cryptoforce," you might think of another big crypto exchange like Binance or Coinbase. But Cryptoforce isn’t that kind of platform. It’s a fragmented brand with two separate operations, a nearly worthless token, and almost no user reviews. If you’re considering trading on it, you need to know the truth - not the marketing.

Two Different Exchanges, One Name

There’s no single Cryptoforce exchange. There are two. One is based in Hyderabad, India. The other is in Dubai. They share the same name, but they operate under different rules, different regulators, and likely different teams. The Indian version used to be called Coinsbit India and launched in 2022. It targets Indian traders who want to buy crypto with INR. The Dubai version claims to be licensed by the Dubai Multi Commodities Centre (DMCC), which sounds official - but there’s no public proof of that license on DMCC’s official site.

This naming mess is a red flag. Legitimate exchanges don’t confuse users by using the same brand across unrelated jurisdictions. If you sign up thinking you’re using the Indian platform, but your funds end up tied to the Dubai side, you could be stuck with no customer support and no clear path to withdraw.

What You Can Trade

The Indian Cryptoforce Exchange supports over 129 cryptocurrencies, including Bitcoin, Ethereum, Solana, Dogecoin, Cardano, and Shiba Inu. You can trade using Indian Rupees (INR) or USDT. That’s useful if you’re in India and want to avoid third-party payment processors. They also claim zero fees on your first three trades - no commissions, no network fees. Sounds great, right?

But here’s the catch: no one outside the platform is verifying those claims. CoinMarketCap lists Cryptoforce’s trading volume as "untracked," meaning no independent data source can confirm how much is actually being traded. If the exchange is quiet, the "zero fees" might just be a tactic to lure in new users - then they’ll start charging later.

The platform operates Monday through Saturday, 9 AM to 7 PM IST, and is closed on Sundays. That’s unusual. Most global exchanges run 24/7. If you need to trade during a market spike on Sunday, you’re out of luck. That kind of schedule suggests limited infrastructure or low trading demand.

The COF Token: A Ghost Asset

Then there’s the Cryptoforce (COF) token. It’s an ERC-20 token on Ethereum, trading only on Uniswap V2. Its price is around $0.0000027. The 24-hour trading volume? Just $572. That’s less than what a single Bitcoin transaction costs on some networks. You can’t buy it on any major exchange. You can’t use it to pay for anything. It has no utility. It exists only because someone created it - and maybe dumped it.

Don’t confuse the COF token with the exchange. They’re completely separate. Buying COF won’t give you discounts on the exchange. It won’t unlock features. It’s just a low-liquidity asset with no real reason to exist. If you see someone promoting COF as an "investment," walk away.

Security and Compliance - Or Lack Thereof

The Dubai side claims to follow FATF and FATCA rules and uses "advanced encryption." But claims without proof are just noise. There are no public audits, no bug bounty programs, no transparency reports. The Indian side says it’s 100% compliant with Indian regulations - but what does that mean? India’s crypto rules are still evolving. The government taxes crypto trades at 30% and has a 1% TDS on every transaction. Does Cryptoforce handle that automatically? Does it report to authorities? No one knows.

Compare that to Binance or WazirX. Both have clear compliance pages, published security measures, and real-time incident reports. Cryptoforce has nothing. Not even a support email you can test. If your account gets hacked or frozen, you’re on your own.

Who’s Actually Using It?

The platform claims over 100,000 community members and 1,000 downloads. That sounds impressive - until you realize that Binance has over 100 million users. Coinbase has 110 million. Even smaller Indian exchanges like ZebPay and CoinSwitch Kuber have millions. Cryptoforce’s numbers are tiny. And there are zero verified reviews on Trustpilot, Reddit, or HackerNoon. No YouTube tutorials. No user stories. No complaints. No praise.

That silence is louder than any review. If a platform has no user feedback, it’s either brand new (and untested) or deliberately avoiding scrutiny. In crypto, the second option is far more common.

Is It Worth It?

If you’re in India and want to trade crypto with INR, there are better options. WazirX, CoinSwitch Kuber, and ZebPay all offer lower fees, higher liquidity, 24/7 support, and proven track records. They’re regulated, audited, and trusted by millions.

Cryptoforce doesn’t offer anything unique. No staking. No savings accounts. No NFT marketplace. No mobile app reviews on Google Play. No API for traders. Just a basic spot trading interface and a confusing brand.

The "zero fees for first three trades" sounds like a bait. Once you’re in, they’ll start charging hidden fees - or worse, delay withdrawals. The lack of transparency is the biggest risk here.

Final Verdict: Avoid Unless You’re Experimenting

Cryptoforce isn’t a scam - not yet. But it’s not a trustworthy exchange either. It’s a low-visibility platform with unclear ownership, unverified claims, zero user feedback, and a ghost token attached to it. If you’re looking to trade crypto seriously, this isn’t the place.

Only consider Cryptoforce if you’re willing to risk your money on an unproven platform with no safety net. And even then, only use money you can afford to lose. For everyone else, stick with exchanges that have been tested by millions of users - not just a few hundred downloads.