CoinEx Exchange Review: A Complete Guide

CoinEx exchange allows its members to buy a large number of altcoins and cryptocurrency tokens. Creating an account on the CoinEx is very simple and can be completed within a minute or two. As it has not set any geographical restrictions, anyone can create an account on CoinEx by just providing the email address. The exchange announced its “Trade-driven Mining” concept which helps in releasing the CET tokens which will be re-allocated to users on the CoinEx trading platform. The platform can process ‘Over The Counter’ transactions in quick time.

It also supports several altcoins with a fairly massive market for them. The trading fees on CoinEx are in line with other similar platforms. However if you want to deposit fiat money, such as U.S. dollars, the cost can be quite steep.

what is coinex

You can easily pay with a credit or debit card, bank transfer, or SEPA. ViaWallet is one of the products released by CoinEx to offer a built-in system for all user requirements. ViaWallet is a multi-currency digital wallet that has been built with a similar interface as the CoinEx exchange and engineered to some of the highest safety standards. ViaWallet supports more than 30 coins and over a million tokens based on BTC and ETH blockchains. ViaWallet can be contacted if any registered coins are added to the valet through their contact form. Some crypto exchanges and platforms allow investors to earn up to 10% or more on their crypto assets.

Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. It also offers chatbot support, where you can search for crypto articles or get quicker replies to more trivial questions. Although this doesn’t seem like much, it helps when you need what is coinex help navigating the site or have a question that doesn’t require submitting a request form. Users can download the CoinEx apps on their iOS and Android phones from their respective app stores. CoinEx also offers the option to download the APK file, for Android users who want to install the app directly.

Final Thoughts on CoinEx Exchange

Having two different options to trade in allows for advanced trading strategies. Rather than trading in the slow spot market, professional users can multiply their winning trades by opting for futures. CoinEx even offers up to 100 times leverage on some of the pairs available in the futures section.

If you have been looking around CoinEx to see if it is a trustworthy company, well, this review is for you. Digital assets are risky, check out the Risk Disclosure Document on your platform of choice for more details and consider getting advice from a professional. Unlike on the trading interfaces of many other crypto platforms, with CoinEx, you won’t have to compromise your professional standards. The spot market is the most common market when it comes to crypto trading, and CoinEx has integrated it to meet most crypto traders’ needs. But they’ve also added the futures market, which comes with its own risks but the possibility of higher returns.

  • Even though it has not yet set any limits for deposits, the withdrawal limits vary based on the level of verification .
  • Another security function set up by the firm is the inspection of IP addresses.
  • CoinEx cryptocurrency exchange offers referral rewards to users who use their referral code in inviting others on the platform.

This allows for the fast withdrawals and transfer of assets on the platform. The platform also has several mining pools that accelerate transactions to ensure the swift processing of deposits and withdrawals. The CET is a value-added service and privileges plan that is based on the CoinEx ecosystem. It also functions as gas on the CoinEX Chain and complies with ERC-20 protocols. CET can also be used as transaction fees for both spot and margin trading on the platform, provided you have enough tokens.

CoinEx Fiat Withdrawal Fee

Unlike other crypto platforms, CoinEx does not let you deposit fiat money for free using a bank transfer, though users can deposit most cryptos for free. Users can buy Tether , USD Coin , Bitcoin , and Ethereum from various third-party payment processors on the site. In addition to spot trading, CoinEx offers margin and futures trading.

It is assumed that the user has already deposited BCH on their CoinEx account. Once your transaction gets completed, BTC will be available on the wallet. To be part of the coin distribution, users must be verified, and only those with a minimum of 100 CET tokens will get a share of the tokens. All token holders will receive their dividends at the start of the next day. Besides, when you submit a withdrawal request, you will be asked to reconfirm your withdrawal on your email before it gets automatically processed. That protects users from losing their funds due to withdrawal mistakes.

what is coinex

Users can purchase different cryptocurrencies on CoinEx with their fiat assets. CoinEx supports a range of fiat currencies, such as USD, EUR, and GBP that users can choose and pay with accordingly. Based on many online reviews and our research, the deposit and withdrawal methods only support cryptocurrencies. Deposits are alleged to be instant, while the withdrawal takes place through a few methods.

For VIP levels, the VIP0 makers pay 0.2% for spot trading and 0.14% when paying with CET. On the other hand, VIP5 members pay about 0.1% spot transaction fee and can enjoy about a 30% (0.03%) discount when paying with CET. For V1P1, VIP2, VIP3, VIP4, their spot fees fall between 0.2 – 0.1% without CET and 0.14 – 0.07% when paying with CET. However, the fee structure about to be explained is for spot trading and is quite different from the Perpetual transaction fees. The inexpensive fees on CoinEx exchange are one of the many draws of the platform.

CoinEx has set no cap on the number of people you can bring on the platform or the amount you can earn. CoinEx supports almost all countries across the world as the users are free to trade from most regions. This broad support over continents is also the reason behind a large user base in this competitive industry. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.

CoinEx Review: Conclusion

You can check the CoinEx website to see if your country is supported. To get a ranking, your last month’s trading volume should be equal to or more than $5M. CoinEx also has a separate fee structure for futures trading, and you can take a look at their fee page to get an idea of those fees. CoinEx offers a 15% trading fee to affiliate partners, and you can earn up to a 40% trading fee if you fulfill additional requirements.

what is coinex

CoinEx is a low-fee cryptocurrency exchange with a wide range of available cryptocurrencies and advanced products, such as margin trading. However, it only requires know-your-customer verification for withdrawals of over $10,000. Plus, it’s the customer’s responsibility to work out if they’re legally allowed to use its service. Like many other crypto exchanges, CoinEx allows users to deposit, withdraw or trade on the platform in cryptocurrencies.

Based on our judgment of the company and other reviews, it has built an excellent track record in the few years it has existed. CoinEx is designed for both beginners and advanced users due to its seamless executions, low cost, and suitable trading platform. But, US-investors should do their own independent assessment of any problems arising from their residency or citizenship. In a worst-case scenario, they may not be able to trade at one or several exchanges that could be the best cryptocurrency exchange site for them . Kraken Exchange is the first cryptocurrency exchange to appear on the Bloomberg terminal. This exchange ticks virtually all the boxes when it comes to sought-after features by both novice and experienced traders.

View All Heavy Industry & Manufacturing

Security should always be at the core of every crypto exchange, and users should also take it seriously. The user interface of a service provider should be in a way to enhance user experience. Another crucial factor to consider is the privacy of user data and information on the platform, and how they are used. Since a platform is an avenue for users to access the services of an institution, it has a direct influence on customers. Again, in the crypto markets, the borrowed assets are given out as loans by other traders who earn profits in return.

Features of CoinEx

A high-speed matching engine, fast deposit and withdrawal transactions, and 100% reserves also fortify the digital coin exchange from various dimensions. CoinEx lists over 500 cryptocurrencies, which is much more than many top cryptocurrency exchanges. It trades almost all the top 20 cryptos by market cap, including Bitcoin, Ethereum, Binance Coin , Cardano, Solana, and Dogecoin. It also trades several stablecoins, such as Tether, USDC, UST, DAI, and more. CoinEx’s crypto withdrawal fees vary depending on the cryptocurrency.

CoinEx is a global cryptocurrency exchange that was established in 2017 with the core goal of better serving crypto users. CoinEx’s team includes experienced developers and finance and blockchain industry experts. The platform offers around 500 markets for their users to trade in, with an average trading volume of over $700M. CoinEx also has a fast and advanced trading interface where users can efficiently execute their trades and play with the features. As CoinEx is a global crypto exchange, they offer their services worldwide, and the platform is even available in 15 different languages for users’ convenience. You can easily purchase a variety of crypto assets with different fiat currencies.

CoinEx only accepts fiat deposits (traditional currency like the U.S. dollar) via third-party processors. It would have cost 8% to buy $200 worth of Bitcoin using one of the third parties. It’s also important to check out the legitimacy of any payment processors before giving them your cash. CoinEx exchange suggests the users to create strong passwords for their accounts. It shows the strength of the password, so that users can make changes accordingly.

Lasă un răspuns

Adresa ta de email nu va fi publicată. Câmpurile obligatorii sunt marcate cu *