The cryptocurrency market has grown and now, and plenty of exchanges supply completely different options to satisfy the wants of latest and skilled merchants. So, selecting the best change is vital as a result of it impacts the way you commerce, retailer, and handle your digital belongings.
It’s essential to take a look at components like safety, buying and selling instruments, supported cash, and customer support. Every platform has its advantages and downsides, so understanding them clearly can assist you make higher selections. On this information, we are going to cowl an in depth CoinEx evaluation and all the pieces you have to find out about utilizing this crypto buying and selling platform.
CoinEx Evaluate: Fast Abstract
| Based | 2017 |
| Headquarters | Seychelles |
| Supported International locations | 200+ (excludes USA, Canada, and China) |
| Supported Cryptocurrencies | 1,400+ |
| Trading Options | Spot, futures, margin, copy buying and selling, demo buying and selling, AMM, staking, loans |
| Spot Trading Charges | 0.20% maker/taker (reducible with CET, VIP/Market Maker reductions) |
| Futures Trading Charges | 0.030% maker, 0.050% taker (VIP reductions out there) |
| Most Leverage | 100x (futures) |
| Safety Measures | Chilly/scorching wallets, multi-signature, Defend Fund, SlowMist partnership, 100% reserve ratio, Merkle Tree verification |
| KYC Requirement | Non-compulsory (no KYC: $10,000/day withdrawal; KYC: as much as $1,000,000/day) |
| Fee Strategies | Visa, Mastercard, Apple Pay, Google Pay, SEPA, UPI, IMPS, financial institution transfers, Simplex, and Banxa |
| Supported Fiat Currencies | 60+ currencies (e.g., USD, EUR, JPY, KRW) |
| Buyer Help | 24/7 reside chat, e-mail, assist middle, social media (Twitter, Telegram) |
What Is CoinEx?
CoinEx is a worldwide cryptocurrency change based in 2017. It serves over 10 million customers in additional than 200 international locations and areas. The platform helps 18 languages, making it accessible to a various person base. CoinEx affords numerous companies, together with spot buying and selling, copy buying and selling, futures buying and selling, swaps, staking, and crypto loans.
CoinEx supplies the most effective person interface and a cell app so customers can commerce and watch their investments at their comfort. It consists of superior buying and selling choices like as much as 10x leverage on margin buying and selling, as much as 100x leverage on futures buying and selling, and good buying and selling methods reminiscent of auto-invest plans and spot grid buying and selling. There may be additionally a possibility for customers to earn passive earnings through the use of staking companies and cryptocurrency loans.
The change lists over 1,400 cryptocurrencies, offering customers with many digital belongings to commerce. Additionally it is extremely safe and employs a proprietary chilly storage system, multi-signature protocols, real-time monitoring of irregular transfers, and strict whitelisting to safeguard person belongings.
Execs
- Gives over 1,400 cryptocurrencies for extensive buying and selling choices
- Helps spot, margin, futures, and staking in a single platform
- Aggressive buying and selling charges with CET token reductions and rewards
- Sturdy asset safety with chilly wallets and PoR studies
- Straightforward-to-use interface with cell app help
Cons
- Not licensed and controlled within the US
- Buyer help is sluggish throughout peak buying and selling occasions
- No fiat deposit choices by financial institution transfers
CoinEx Charges: How A lot Does it Cost for Trading?
Spot Trading Charges
The usual CoinEx buying and selling charge for each makers (those that add liquidity by putting restrict orders) and takers (those that take away liquidity by executing market orders) is 0.20% for non-VIP customers. Nevertheless, CoinEx affords tiered reductions by its VIP Ranges and Market Maker Ranges, which cut back charges based mostly in your CET (CoinEx Token) holdings, whole asset worth, or 30-day buying and selling quantity.
You’ll be able to additional cut back charges by 20% by enabling the “Use CET as Fees” possibility, which deducts CET for non-AMM spot and margin trades.
Futures Trading Charges
The usual futures charges for VIP Degree 0 customers are 0.030% for makers and 0.050% for takers, with reductions for greater VIP Ranges. These charges are calculated based mostly on the place amount and value for linear contracts or contract quantity and worth for inverse contracts.
Funding charges, settled each 8 hours at 0:00, 08:00, and 16:00 (UTC), aren’t charged by CoinEx however are paid between lengthy and brief merchants based mostly on the funding fee.
Observe: The spot buying and selling charges for margin trades mirror these of standard spot buying and selling (0.20% commonplace, with VIP and Market Maker reductions), and CET deductions can cut back these by 20%.
Deposit and Withdrawal Charges
CoinEx doesn’t cost any charges for depositing cryptocurrencies into your account. Nevertheless, chances are you’ll incur community charges (fuel charges) when transferring belongings from an exterior pockets or platform to CoinEx.
Withdrawal charges on CoinEx are dynamic and range based mostly on the cryptocurrency, community, and present blockchain circumstances, reminiscent of community congestion. For instance, the Bitcoin (BTC) withdrawal charge is roughly 0.0001 BTC, whereas Tether (USDT) charges differ by community (e.g., TRC20, ERC20).
CoinEx Staking and Incomes Rewards
CoinEx affords a crypto staking service that means that you can earn passive earnings by locking your cryptocurrencies to help blockchain networks. At present, CoinEx helps staking for a number of cryptocurrencies, together with CoinEx Token (CET), Ethereum (ETH), Cardano (ADA), Solana (SOL), and TRON (TRX). Every token has a minimal staking quantity and affords an estimated Annual Proportion Yield (APY). It prices a 10% service charge on staking rewards, aside from CET staking, which has no service charge.
CoinEx affords crypto loans that allow you to borrow cash through the use of different cash as collateral. You select the mortgage quantity, rate of interest, and time period. When the mortgage ends, you repay the quantity with curiosity to get again your collateral.
The CoinEx change additionally helps Automated Market Makers (AMMs). AMMs allow you to present liquidity to buying and selling pairs and earn a part of the buying and selling charges. You deposit two tokens right into a liquidity pool, and the system makes use of a components to handle trades routinely. This service helps you earn passive earnings whereas supporting market liquidity.
CoinEx Safety
CoinEx prioritizes your asset safety by a multi-layered strategy, integrating superior applied sciences and strategic partnerships to safeguard your funds.
Chilly and Sizzling Pockets Administration: CoinEx makes use of a mixture of cold and warm wallets to steadiness safety and accessibility. Chilly wallets retailer nearly all of your belongings offline, isolating non-public keys from web threats, whereas scorching wallets facilitate fast deposits and withdrawals.
- Multi-Signature Protocols: CoinEx implements multi-signature know-how, requiring a number of approvals for transactions. This ensures that no single level of failure can compromise your belongings, as a number of keys should be verified earlier than funds are moved.
- CoinEx Defend Fund: CoinEx allocates 10% of its buying and selling charges to a devoted Defend Fund, designed to guard you in case of maximum dangers, reminiscent of safety breaches. This fund acts as an emergency reserve and ensures you obtain compensation for potential losses.
- Strategic Partnership with SlowMist: CoinEx collaborates with SlowMist, a number one cybersecurity agency, to strengthen its platform defenses. This partnership includes sharing risk intelligence, monitoring illicit actions, and upgrading safety methods to guard your belongings.
- 100% Reserve Ratio with Merkle Tree Verification: CoinEx maintains a 1:1 reserve ratio, guaranteeing that your deposited belongings are totally backed and out there for withdrawal. You’ll be able to confirm your belongings utilizing the Merkle Tree construction, which supplies clear proof of reserves.
- Actual-Time Monitoring and Automated Alerts: CoinEx employs superior methods for steady monitoring of transactions and pockets actions. Automated alerts detect suspicious conduct and allow fast response to potential threats.
CoinEx Buyer Help
CoinEx’s customer support supplies a number of help channels within the type of reside chat, e-mail, and an intensive assist middle. Its reside chat system operates 24/7 for real-time common info help. Customers with deeper issues can submit a help ticket utilizing the assistance middle. The turnaround time of tickets is unsure; some obtain help inside a few hours, whereas others should wait for much longer, particularly round peak buying and selling occasions.
The help middle consists of an in-depth FAQ part and tutorials to assist customers clear up frequent points by themselves. CoinEx additionally has an lively social media presence on channels reminiscent of Twitter and Telegram, offering some different avenues for recourse. Therefore, CoinEx has a responsive buyer help, however some have skilled inconsistent response occasions throughout peak buying and selling occasions and an absence of phone help.
CoinEx Trading Options and Instruments
CoinEx affords many buying and selling options that show you how to commerce simply and handle your belongings higher. These instruments are designed for each new and superior merchants.
Immediate Purchase/Promote
The Immediate Purchase/Promote characteristic allows you to purchase or promote crypto utilizing fiat currencies in a easy approach. You’ll be able to pay with credit score or debit playing cards and different native fee choices by companions like MoonPay, Simplex, and Banxa.
Futures Trading
It means that you can commerce crypto with 100x leverage by opening lengthy or brief positions. You’ll be able to select from 400+ futures cryptocurrency buying and selling pairs and alter your threat by setting stop-loss or take-profit limits. CoinEx additionally supplies instruments like reside charts and order e-book information that will help you determine your trades.
Copy Trading
This allows you to observe skilled merchants and duplicate their trades routinely. You’ll be able to choose a dealer based mostly on their revenue historical past and buying and selling model. As soon as chosen, your account will match their trades without having guide enter. This characteristic helps you participate out there even if you happen to don’t have a lot expertise.
Demo Trading
You’ll be able to apply buying and selling with out utilizing actual cash. You’ll get a digital steadiness to check your methods beneath reside market circumstances. This helps you learn to place trades and perceive how markets transfer. You should utilize this to arrange earlier than you begin buying and selling with precise funds.
Strategic Trading
This primarily consists of utilizing automated crypto trading bots like Auto-Make investments and Spot Grid bots. With Auto-Make investments, you possibly can schedule common crypto purchases based mostly in your set quantity and time. Spot Grid allows you to set value ranges to routinely purchase low and promote excessive.
P2P Trading
CoinEx allows you to purchase and promote crypto instantly with different merchants. You should utilize over 300 fee strategies and deal in your native forex. The platform helps strategies like financial institution switch, PayPal, and UPI.
CoinEx Consumer Expertise
CoinEx supplies a user-friendly interface, which is designed to cater to each inexperienced persons and skilled merchants. The platform contains a clear format with intuitive navigation, making it straightforward to entry numerous buying and selling choices reminiscent of spot, copy buying and selling, demo mode, and futures buying and selling.
For brand spanking new customers, CoinEx affords a “novice zone” with a three-step information to facilitate account setup and preliminary transactions. The buying and selling interface focuses on important info, minimizing distractions, and permitting customers to focus on their trades.
CoinEx additionally affords a cell app suitable with iOS and Android gadgets. This ensures that customers can handle their accounts on the go. The app mirrors the performance of the net platform and supplies a seamless buying and selling expertise throughout gadgets.
CoinEx Localization and Regional Adaptability
CoinEx exhibits a robust dedication to localization and regional adaptability, serving customers in over 200 international locations and areas. The platform helps 18 languages, together with English, Japanese, Korean, Chinese language, Indonesian, French, Turkish, Portuguese, and Arabic, guaranteeing that customers can navigate the platform of their most well-liked language.
CoinEx additionally helps 60 fiat currencies, reminiscent of USD, EUR, JPY, and KRW, facilitating simpler transactions for customers worldwide. To boost accessibility, CoinEx companions with numerous third-party fee suppliers, together with Banxa, BTCDirect, Guardarian, Mercuryo, MoonPay, Onmeta, OnRamp, Remitano, and Simplex, providing a number of fee strategies like VISA, Mastercard, SEPA, financial institution transfers, and native choices like UPI and IMPS.
Nevertheless, it’s vital to notice that CoinEx isn’t out there in sure areas, together with the USA, Canada, China, and Hong Kong SAR, as a consequence of regulatory restrictions.
CoinEx Fee Strategies
The highest supported fee strategies on the CoinEx change are:
- MoonPay
- Mercuryo
- Simplex
- Banxa
- Guardarian
- BTCDirect
- OnRamp
- Remitano
- Transak
- Alchemy Pay
- Advcash
CoinEx additionally helps credit score and debit card funds by its third-party fiat companions. You should purchase cryptocurrencies like BTC and ETH utilizing Visa and Mastercard. It additionally helps Apple Pay, Google Pay, SEPA, UPI, IMPS, and financial institution transfers, relying on the supplier and your area. You too can deposit and withdraw cryptocurrencies inside minutes on the platforms.
Deposit and Withdrawal Strategies and Limits
CoinEx means that you can deposit and withdraw cryptocurrencies with particular limits based mostly in your account verification standing.
If you happen to haven’t accomplished identification verification (KYC), your withdrawal restrict is ready at $10,000 per 24 hours and $50,000 per 30 days. When you full KYC, these limits enhance to $1,000,000 per 24 hours. CoinEx additionally affords as much as $5,000,000 withdrawal restrict for superior KYC customers.
For deposits, CoinEx units a minimal restrict for every cryptocurrency, which varies relying on the token. There isn’t a specified most deposit restrict.
Tips on how to Use CoinEx?
To make use of CoinEx, you have to create an account, safe it with two-factor authentication (2FA), and deposit funds to commerce. The platform helps spot buying and selling, futures, and margin buying and selling, with instruments like real-time market information and a cell app for on-the-go entry.
Tips on how to Create a CoinEx Account?
Making a CoinEx account is easy and takes a couple of minutes, permitting you to entry buying and selling and pockets companies. You’ll want a legitimate e-mail deal with and a robust password, and enabling 2FA is very really useful for safety. CoinEx doesn’t require KYC for fundamental actions, however ID verification can enhance withdrawal limits.
- Go to the Web site: Go to www.coinex.com and click on [Sign Up] within the top-right nook of the homepage.
- Enter Particulars: Present your e-mail deal with, click on [Get Code] to obtain a verification code, and enter it. Create a robust password and re-enter it for affirmation. You probably have an invitation code, add it (non-obligatory), then verify the person settlement field.
- Full Registration: Click on [Sign Up] to create your account. Log in utilizing your e-mail and password.
- Non-compulsory ID Verification: For greater withdrawal limits (as much as $1,000,000/day for verified accounts vs. $10,000 for unverified), go to the KYC verification part, and add required ID paperwork.
Tips on how to Deposit on CoinEx?
- Log In: Entry www.coinex.com, sign up, and click on [Assets] > [Deposit] within the top-right nook.
- Choose Cryptocurrency: Seek for the coin you wish to deposit (e.g., USDT) and select the community (e.g., TRC20). Make sure the community matches the sending platform to stop loss.
- Get Deposit Deal with: Copy the supplied deposit deal with or scan the QR code. For label cash (e.g., EOS, XLM), notice the Memo/Tag, as each the deal with and label are required for crediting.
- Ship Funds: In your exterior pockets or platform, paste the CoinEx deposit deal with, enter the quantity (above the minimal restrict), and submit the withdrawal. Embody the Memo/Tag for label cash to keep away from delays or loss.
- Confirm Deposit: Watch for the required blockchain confirmations (varies by coin). Verify your [Spot Account] or [Deposit Records] to substantiate the funds are credited. If the deposit doesn’t seem, submit a ticket through the assistance middle.
Tips on how to Withdraw From CoinEx?
- Log In: Go to www.coinex.com, sign up, and navigate to [Assets] > [Withdraw].
- Select Coin and Switch Mode: Choose the cryptocurrency (e.g., USDT) and switch kind: [Normal Transfer] for exterior wallets or [Inter-User Transfer] for one more CoinEx account (on the spot, no charges).
- Enter Particulars: For Regular Switch, paste the recipient’s pockets deal with, choose the community (e.g., TRC20, matching the recipient platform), and enter the withdrawal quantity (above the minimal). For Inter-Consumer Switch, enter the recipient’s CoinEx e-mail or cell quantity.
- Confirm Withdrawal: Select a 2FA technique (SMS, Google Authenticator, or Passkey) and enter the code. If 2FA instruments are unavailable, change strategies or reset them through [Account] settings.
- Verify through Electronic mail: Verify your registered e-mail for a [CoinEx Withdrawal Confirmation] e-mail. Click on [Reconfirm] inside Half-hour to approve the withdrawal, verifying the quantity, deal with, and community. If you happen to miss the window, the withdrawal is canceled, and funds stay in your account.
- Monitor Standing: Monitor the withdrawal in [Withdrawal Records]. For Regular Switch, a Transaction ID (TXID) seems inside 30-60 minutes, trackable on a blockchain explorer. Inter-Consumer Transfers are on the spot; affirm with the recipient. Processing takes 5-Half-hour, relying on the quantity and community.
CoinEx Alternate options: CoinEx vs Different Exchanges
The highest different crypto exchanges to CoinEx are Binance, MEXC, and Kraken. Here’s a fast comparability:
| CoinEx | Binance | MEXC | Kraken | |
| Launched Date | 2017 | 2017 | 2018 | 2011 |
| Trading Options | Spot, futures, margin, AMM, staking, copy buying and selling | Spot, futures, margin, choices, P2P, copy buying and selling, staking, NFTs, Launchpad | Spot, futures, margin, copy buying and selling, Launchpad, staking, financial savings, ETFs | Spot, futures, margin, staking, OTC, superior charting, Cryptowatch |
| Supported Cash | 1,400+ | 400+ | 2,800+ | 200+ |
| Trading Charges | 0.2% maker/taker | 0.1% maker/taker | 0.05% maker/taker | 0.25% maker and 0.4% taker |
| Most Leverage | 100x | 125x | 200x | 50x |
| Safety | Excessive | Very Excessive | Excessive | Very Excessive |
| Trading Quantity & Liquidity | Average quantity | Highest globally | Excessive quantity (prime 10 on CoinMarketCap) | Very Excessive |
| No-KYC Trading | Sure | No | Sure | No |
| Finest For | Novices, privacy-focused merchants, and altcoin fans | Excessive-volume merchants, superior options, international customers (besides U.S.) | Altcoin hunters, no-KYC merchants, high-leverage futures | U.S. merchants and security-conscious customers |
Conclusions: Is CoinEx Proper for You?
To conclude our CoinEx evaluation, it’s a legit cryptocurrency change providing over 1,400 cash, strong safety, and a no-KYC possibility for fundamental buying and selling. It’s 100% reserve ratio, chilly/scorching pockets system, and Defend Fund guarantee asset security. And, aggressive charges (0.20% spot, reducible with CET) and user-friendly interfaces swimsuit inexperienced persons and professionals.
Nevertheless, U.S. customers face restrictions, and it’s ultimate for international merchants valuing anonymity and selection. CoinEx could not swimsuit these needing U.S. compliance or superior instruments. You too can commerce with out finishing KYC verification.
FAQ on CoinEx Alternate Evaluate
Is CoinEx a dependable change?
Sure, CoinEx is a dependable change, working since 2017 with a robust safety monitor document. It maintains a 100% reserve ratio, makes use of chilly/scorching pockets administration, multi-signature protocols, and companions with SlowMist for cybersecurity.
Can CoinEx be used within the USA?
No, CoinEx isn’t out there to be used within the USA, as its Phrases of Service prohibit entry. Nevertheless, since CoinEx is a no-KYC exchange for fundamental capabilities, you could possibly probably entry it utilizing a VPN and an e-mail deal with to register anonymously, bypassing location-based restrictions.
Are you able to withdraw from CoinEx?
Sure, you possibly can withdraw cryptocurrencies from CoinEx to exterior wallets or different CoinEx accounts. Regular Transfers use blockchain networks with dynamic charges and minimal quantities, whereas Inter-Consumer Transfers to CoinEx accounts are fee-free and on the spot.
Does CoinEx want KYC?
No, CoinEx doesn’t require KYC for fundamental account capabilities, reminiscent of buying and selling and deposits, permitting you to make use of the platform anonymously with a $10,000 every day withdrawal restrict. ID verification is non-obligatory, but it surely will increase the withdrawal restrict to $1,000,000 every day.
Which nation is CoinEx based mostly in?
CoinEx is now based mostly in Seychelles, however it was established in 2017 in Hong Kong by ViaBTC Know-how Restricted. The change operates globally, serving customers in over 200 international locations.
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