Crypto Exchange Comparison Tool
Compare Exchanges for Crypto Derivatives Trading
Check which exchanges meet your requirements for trading crypto derivatives. Based on MyCoinStory's failure, learn which features are critical for reliable trading platforms.
Your Results
Based on your selected features, here are the exchanges that meet your criteria.
Bybit
Mobile app (iOS/Android)
Fiat on-ramps available
Regulatory compliance (UK, EU)
High trading volume
24/7 customer support
Margin trading support
OKX
Mobile app (iOS/Android)
Fiat on-ramps available
Regulatory compliance (global)
High trading volume
24/7 customer support
Margin trading support
Binance Futures
Mobile app (iOS/Android)
Fiat on-ramps available
Regulatory compliance (in supported regions)
High trading volume
24/7 customer support
Margin trading support
KuCoin
Mobile app (iOS/Android)
Fiat on-ramps available
Regulatory compliance (in supported regions)
Good trading volume
Customer support available
Margin trading support
MyCoinStory (Dead Platform)
No mobile app
No fiat on-ramps
No regulatory compliance
No trading volume
No customer support
No margin trading
MyCoinStory is not operational. No trading activity since 2021. Website is unreachable.
MyCoinStory Crypto Exchange Review: Is This Platform Still Operational?
If you’re looking for a crypto exchange to trade perpetual futures, you might have come across MyCoinStory (MCS) in old forum posts or outdated articles. Back in 2020, it was pitched as the next big thing in crypto derivatives - low fees, unique token listings, and 24/7 support. But here’s the reality: as of October 2025, MyCoinStory doesn’t appear to be functioning at all.
There’s no trading volume. No active trading pairs. No mobile app. No updates. Even its GitHub repo hasn’t been touched since 2021. If you’re thinking of using it, stop. This isn’t a review of a struggling platform - it’s a post-mortem of one that’s likely dead.
What Was MyCoinStory Supposed to Be?
MyCoinStory launched in 2020 as a derivatives-focused exchange specializing in perpetual futures contracts. Unlike spot exchanges like Binance or Coinbase, MCS didn’t let you buy and hold Bitcoin or Ethereum. Instead, you could bet on price movements using leverage - similar to how traders use Bybit or OKX today.
Its biggest selling point? Being the first to list futures for TRON’s SUN and Klaytn’s KLAY tokens. That was a real differentiator at the time. Most exchanges were still focused on Bitcoin and Ethereum derivatives. MCS tried to carve out a niche by targeting newer, less liquid assets.
It also claimed to have some of the lowest fees in the industry: 0.04% for takers and 0.02% for makers. That was significantly lower than the industry average of 0.0591% for takers back then. For active traders, those fees looked attractive.
But here’s the catch: low fees mean nothing if there’s no one else trading.
Why MyCoinStory Failed to Gain Traction
By late 2020, MCS was already showing signs of trouble. Bitcoin.com reported it had a daily trading volume of $100 million - a huge number for a new exchange. But by 2023, data from Cryptogeek.info showed zero trading volume and zero available trading pairs.
That’s not a slowdown. That’s a shutdown.
There are a few reasons why this happened:
- No mobile app: In 2020, 92% of top crypto exchanges offered iOS and Android apps. MCS didn’t. That’s a massive disadvantage when most traders check prices on their phones during lunch or commute.
- No fiat on-ramps: You couldn’t deposit USD, EUR, or NZD. You had to already own crypto. That limits your user base to a small group of experienced traders.
- No margin trading: Despite being a derivatives platform, MCS didn’t offer margin trading - a core feature for anyone using leverage. This made it confusing and less useful than competitors.
- Weak liquidity: Even if you wanted to trade SUN or KLAY futures, there were likely no buyers or sellers on the other side of your order. Without liquidity, price slippage and failed trades become the norm.
Compare that to Bybit or OKX - both have billions in daily volume, hundreds of trading pairs, mobile apps, and deep order books. MCS was trying to compete with giants while offering fewer tools and less access.
Regulatory Red Flags
MyCoinStory’s registration location is unclear. Some sources say Singapore. Others say Seychelles. That’s not just inconsistent - it’s a warning sign.
Seychelles is a jurisdiction with almost no crypto regulation. That means no investor protection. No dispute resolution. No oversight. If the platform vanished tomorrow, you’d have zero legal recourse.
Meanwhile, regulated exchanges like Coinbase Derivatives (UK) or LedgerX (US CFTC-regulated) are required to keep user funds separate, undergo audits, and report suspicious activity. MCS had none of that.
And remember: in 2021 and 2022, Binance got forced out of the UK and Canada for offering unregulated derivatives. If a giant like Binance couldn’t operate without compliance, what chance did a tiny exchange with no clear home base have?
Technical and Community Evidence of Death
The digital trail of MyCoinStory is cold.
- GitHub: The mcs-exchange organization was created in 2019. Its only repository, containing basic token info, was last updated in 2021. No API docs. No code improvements. No bug fixes.
- Social media: Its Twitter/X account last posted in December 2020. It had just over 1,200 followers - tiny for an exchange that claimed $100M daily volume.
- Customer support: Claims of 24/7 support were never verified. No recent user testimonials exist. Cryptogeek.info found only one user review across all platforms - and it was empty.
- Community: Search Reddit for MyCoinStory. You’ll find three mentions between 2020 and 2023. Zero discussions. Zero complaints. Zero success stories. That’s not silence - that’s abandonment.
Compare that to Bybit, which has over 2 million followers on Twitter and thousands of active threads on Reddit every week. The difference isn’t just scale - it’s life versus ghost town.
What Happened to the Market Maker Program?
One of the few things MCS actually promoted was its market maker program. Bitcoin.com called it “the best benefits in the industry.” But no one ever published the details. No one shared results. No market makers came forward to say they earned from it.
That’s a red flag. Legitimate exchanges publish their market maker terms openly. They list partners. They share performance stats. MCS didn’t. It sounded like a marketing tactic to attract early adopters - but without transparency, it was just noise.
Is There Any Way to Use MyCoinStory Today?
No.
You can’t sign up. The website either redirects to a dead page, shows a maintenance message, or loads with errors. Even if you somehow accessed it, you couldn’t deposit funds. You couldn’t withdraw. You couldn’t trade.
And if you had funds there in 2020 or 2021? Good luck getting them back. Without customer support, legal registration, or public communication, recovery is impossible.
This isn’t a case of “it’s down for maintenance.” This is a case of “it never came back.”
What Should You Use Instead?
If you want to trade crypto derivatives in 2025, here are your real options:
- Bybit: High liquidity, 300+ trading pairs, mobile app, low fees, and active community.
- OKX: Strong derivatives volume, deep order books, and multi-chain support.
- Binance Futures: Largest volume globally, but check local regulations - it’s banned in some countries.
- KuCoin: Good for altcoin derivatives and has a user-friendly interface.
All of these have mobile apps, fiat on-ramps (in supported regions), verified customer support, and transparent fee structures. They also update regularly, publish roadmaps, and respond to user feedback.
MyCoinStory had none of that.
Final Verdict: Avoid MyCoinStory - It’s Gone
MyCoinStory was never more than a short-lived experiment. It had a clever idea - trading futures for emerging tokens - but lacked the infrastructure, liquidity, and commitment to survive.
Its low fees meant nothing without traders. Its lack of a mobile app killed accessibility. Its unclear legal status made it risky from day one. And its silence since 2021 confirms what the data already showed: the platform is dead.
If you’re new to crypto trading, avoid platforms with no recent activity. If you’re experienced, don’t waste time digging up ghosts. The crypto derivatives market is still growing - but it’s dominated by a handful of strong, active players. MyCoinStory isn’t one of them.
Stick with exchanges that are updating, responding, and trading today. Your funds - and your peace of mind - will thank you.
Is MyCoinStory still operating in 2025?
No, MyCoinStory is not operating in 2025. All signs point to the platform being inactive since late 2021. There is zero trading volume, no trading pairs, no mobile app updates, and no communication from the team. The website is unreachable or non-functional, and user support has vanished.
Can I withdraw my funds from MyCoinStory?
If you still have funds on MyCoinStory, withdrawing them is extremely unlikely. The platform has not responded to user inquiries since 2021, and there is no customer support or official contact channel. Without a functioning website or legal registration in a regulated jurisdiction, recovery of assets is virtually impossible.
Why did MyCoinStory fail when other exchanges succeeded?
MyCoinStory failed because it lacked liquidity, didn’t offer a mobile app, had no fiat on-ramps, and operated in a poorly regulated jurisdiction. While it offered low fees and early access to niche tokens, those advantages meant nothing without users, support, or infrastructure. Competitors like Bybit and OKX invested in technology, compliance, and user experience - MyCoinStory did not.
Was MyCoinStory a scam?
There’s no public evidence that MyCoinStory was a deliberate scam like a rug pull or phishing site. However, its complete abandonment after early hype, lack of transparency, and failure to maintain operations strongly suggest negligence or poor management. For users, the outcome is the same: lost access and no recourse.
Are there any alternatives to MyCoinStory for trading crypto derivatives?
Yes. Leading alternatives include Bybit, OKX, Binance Futures, and KuCoin. These platforms offer high liquidity, mobile apps, fiat deposits, strong customer support, and transparent fee structures. They also comply with regulations in major markets and regularly update their services - unlike MyCoinStory, which disappeared without a trace.
Did MyCoinStory ever have a mobile app?
No, MyCoinStory never launched a mobile app for iOS or Android. This was a major disadvantage, as over 78% of crypto traders use mobile devices to manage their portfolios. Competitors all offered apps by 2020, making MyCoinStory inconvenient and outdated from the start.
What jurisdiction was MyCoinStory registered in?
Sources conflict - some say Singapore, others say Seychelles. Seychelles registration would mean minimal regulation and no legal protection for users. Singapore, while more regulated, would have required strict licensing that MyCoinStory never demonstrated. The lack of clarity itself is a red flag for any serious exchange.
Kirsten McCallum
October 29, 2025 AT 05:18Lawrence rajini
October 29, 2025 AT 12:30Will Barnwell
October 29, 2025 AT 21:38Ron Murphy
October 31, 2025 AT 05:20jummy santh
November 2, 2025 AT 01:51Jasmine Neo
November 3, 2025 AT 21:09Clarice Coelho Marlière Arruda
November 5, 2025 AT 09:12