There are more than 500 cryptocurrencies available for trading at CoinEx, including most of the popular assets with high market caps and high daily trading volumes. The whitepaper of CoinEx Chain was officially released on 28 June 2019. The token claims to be the world’s first public chain especially designed for DEXs. CoinEx Chain aims to create a decentralized trading system with community-driven operations, transparent trading rules, and self-controlled user assets.
CoinEx does have some guides and videos to show people how to use its site. However, there’s no easy convert function for new investors to trade crypto without using the main trading page. Moreover, because there are so many trading tools — including some that are only suited to advanced traders — the site can be intimidating if you’re new to crypto. It doesn’t help that the English on the site hasn’t been checked by a native speaker and is at points confusing.
Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. If you’re on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience. Launched in 2015, KeepKey Wallet is one of the oldest and most secure hardware wallets. Today it is run by the ShapeShift Exchange and ranks as the third-best wallet brand in the world. The Ledger Nano X is the latest hardware crypto wallet offered by Ledger and it is designed to be the Bluetooth enabled Ledger Nano S on the go.
At the end of 2021, CoinEx’s parent company, Vino Global, did register as a money service business in the U.S. This is the minimum a cryptocurrency exchange needs to do to operate in the U.S. Plus, its what is coinex MSB registration says it can operate in all U.S. states and several territories. CoinEX is safe and convenient and provides stable and adequate crypto services to its clientele all over the world.
At this platform, you can deposit fiat currency through debit cards, but not via wire transfer. Crypto purchases via card payment are enabled via the platform’s integration with Simplex. Users can stay informed of the latest market trends through CoinEx’s webpage.
Many hours dedicated to researching on cryptocurrencies, the blockchain, and so on has increased my experience in this field. The chart on the platform makes it easy for traders to analyze market directions using advanced charting tools efficiently. Users are also able to navigate through various pairs with simple clicks. The platform is built with the user in mind – one of the most simple-to-use – even a novice can make his way around the platform without needing any help. Also, it is loaded with ground-breaking features that have swept many users off their feet.
CET holders can enjoy up to about a 50% discount on transaction fees. An exchange should provide users with various financial instruments and a great, navigable user interface. This particular CoinEx Exchange Review chronicles the essential details of the company and what to expect from them.
CoinEx Trading Fees
Even though it has not yet set any limits for deposits, the withdrawal limits vary based on the level of verification . The documents required for the advanced account verification can be found on the account page itself. CoinEx doesn’t have a full-fledged wallet like the Coinbase exchange with its custom crypto wallet.
The platform offers neither a live-chat option nor a phone number to get in touch with them instantly. CoinEx needs to work on this feature to claim a reliable support system for their users. CoinEx has implemented a variety of security measures on its various platforms. Compensation may impact the order of which offers appear on page, but our editorial opinions and ratings are not influenced by compensation.
While we may receive compensation from some of the products we review, you do not incur any extra charge whatsoever for using our content and clicking external links. Should you experience any issues with your account, the only method to contact their support team is by submitting a ticket. To do this you need to scroll down to the bottom right-hand corner and select ‘ticket’ in the Support section. For general queries, users can refer to the FAQs found in the same section available on the CoinEx website. Every cryptocurrency exchange will have its own fee structure and limits and CoinEx is no exception.
CoinEx has won the hearts of many customers due to the quick response of their support team. Although the platform does not support a live chat, they reply fast to the support forms submitted by customers. Another security function set up by the firm is the inspection of IP addresses. The security team of the company tracks irregularities in IP addresses.
All in all, this exchange’s fee levels are in line with or even slightly below the global industry averages. Users must keep track of market trends, make prompt investment decisions and adjust their strategies accordingly. As previously mentioned, the signup process is simple and logically laid out.
Pros and Cons of CoinEx
Categories, thus enjoying greater convenience when investing in different cryptos. But the company got registered in Estonia and has been a fully registered and regulated exchange since 2019. However, the mining events on the platform are not ongoing and happen after intervals. CoinEx has a seamless user interface for both computers and mobile phones.
There are always upgradeable protection measures that you can enhance the security of your account. If you default on the loan, payments will be deducted automatically from your account. Also, 30% of the daily interest paid goes to an insurance pool to cover bankrupt positions. CoinEx places no geographical restriction on any region or country. Therefore, the company accepts customers from all over the world and offers multilingual support as well.
- Select the tab ‘Normal Transfer’ and enter the valid withdrawal address of your wallet or exchange.
- So, we have written a CoinEx Exchange Review today to give you an overview of the company’s legitimacy and activities.
- The users can not withdraw the funds in the form of cash or fiat currencies.
- It also offers chatbot support, where you can search for crypto articles or get quicker replies to more trivial questions.
- After the internal clearance, the exchange will issue the transfers to the entered wallet addresses.
CoinEx is one of the leading cryptocurrency exchanges and also a blockchains-based service provider. CoinEx offers a variety of products for individuals who are either investors or are beginning to trade. The platform supports an imposing and diverse range of crypto coins, tokens, or other assets. The users can buy/sell or trade cryptocurrencies through a user-friendly interface available for both desktops and mobile devices (iOS & Android).
The CoinEx wallet can be used to deposit coins temporarily, for trading purposes. You will not be given access to your private key, but only to your public wallet address. It is highly recommended https://cryptolisting.org/ to use hardware wallets like Ledger Nano Sor Trezor to store your cryptocurrencies. The wallet provided by Coinbase is also a good option to store Bitcoins and other altcoins for low volumes.
In addition to using CET as fees, holders will also enjoy discounted transaction fees. The token holders will also benefit from privileges like fast withdrawal, exclusive customer support. CoinEx only supports cryptocurrency transactions, so you can’t use payment methods like SEPA, wire transfer, or debit/credit card.
CoinEx only lists projects with unique visions and high-quality development. Whether you’re a day trader who loves to trade quickly or a long-term trader who doesn’t mind waiting for the market movements, you’ll be served well on this platform. The individuals who wish to start trading with the platform can sign up through the website or the mobile application. The basic credentials required are primarily email, name, and phone number. The platform does have a KYC option, but it is not an absolute necessity for starting small trades to get familiar with the trading system of CoinEx. CoinEx may appeal to advanced traders, but more clarity is needed about its legal status.
CoinEx Account Sign Up Process
The fees are similar to or even often cheaper than other crypto exchanges. CoinEx offers professional, advanced, and fast crypto trading applications to give their mobile users a portable experience. With all the advanced features available, your trading experience won’t be compromised on mobile—you can have a full-fledged trading or investing experience. While making this CoinEx review, we noticed that it provides discounts on the trading fees after certain tiers of membership based on the user’s total trade volume . The withdrawal fee is different for each pair and can be referred to from the company website. Get to know more about its fee standard by visiting its official site.
To trade or exchange cryptocurrencies on the go, users can download the CoinEx mobile app which is available for both iOS and Android platforms. Once your transaction gets completed, the coins will be sent to the given crypto address. The status of your withdrawals can be checked from the order history. CoinEx has stated that it won’t be using customers’ assets anywhere else and they are 100% reserved.