Cashierest – Exchange Review
Cashierest began as a niche crypto hub in South Korea – its full lifecycle below:
Cashierest at a Glance
| Feature | Details |
| Year Active | 2018-2023 |
| Base | South Korea |
| Supported Assets | Around 32 tokens, dozens of pairs |
| Fees | 0.15% for both makers and takers; BTC withdrawal ~0.001 |
| Closure Plan | Service ended Dec. 22, 2023; withdrawals open till 2028 |
First Glance
Cashierest posed as a simple, crypto-only gateway with no fiat, aiming for fast KYC-lite access. It moved quietly on Korean radar – not global, not flashy.
User Experience
- Supported crypto-only trading – no bank or card on-ramps.
- Flat trading fee of 0.15% both sides felt fair.
- BTC withdrawal fee sat around 0.001 BTC – slightly above average.
- Offered basic trading view and token variety, with affiliate program for referrals.
Why It Closed
In November 2023, they announced shutdown – deposit and registration services stopped immediately, token trading ended early, but withdrawal window extended till end of 2028. Users must manually email a request and pay small fee to reclaim assets. This is not offboarding – it is gradual exit.
Governance and Transparency
Fully centralized, small team, minimal transparency. The delay in closure was managed, but trust evaporated fast once activity ceased.
Watchpoints
- No fiat access – limited to crypto-only users.
- Volume was untracked – likely thin liquidity.
- Closure lacked clear messaging beyond shutdown notice and withdrawal support.
Final Echo
| Strength Back Then | Why It Mattered |
| No-fiat simplicity | Clean path for crypto-only entry |
| Honest fee structure | No spreads, flat rates were easy to count |
| Withdrawal window | Extended exit period shows some user consideration |
Who It Served
Crypto-only traders in Korea who wanted basic entry and altcoin access without ID hassle. Not for global arbitrage, fiat users, or volume hunters.
Final Feel
Cashierest quietly rose, quietly fell, and then hung around just long enough to let users leave with their assets. A subtle end, but not a blow-up. A reminder: exchanges can vanish without drama yet still do the right thing – albeit late.
Disclaimer
“This content is for informational purposes only and does not constitute financial advice. Please do your own research before investing.”
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