CoinW

Overview of CoinW

Coinw is a cryptocurrency exchange that was founded in 2017. It is registered in China and has gained a reputation for its wide range of listed cryptocurrencies. The exchange currently offers more than 1000 digital assets for trading, including popular ones like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), as well as many altcoins. Coinw boasts a robust 24-hour trading volume, which reflects its strong user base and liquidity. In terms of trading fees, Coinw charges tiered trading fees basing on user account level with both taker fee and maker fee range from 0.01%-0.2%. It's noteworthy that the exchange currently operates with no valid regulations.

Pros and Cons

Pros :

With a wide array of over 100 cryptocurrencies at your disposal, the platform offers ample choice.

Traders benefit from competitive advantage by experiencing cost-effective trading due to the platform's relatively low fees ranging 0.01-0.2% basing on user level.

Engage in a multifaceted trading experience, ranging from ETF trading to the innovative option of copy trading.

Cons:

There appears to be a deficiency in terms of regulatory oversight and compliance measures.

It's worth noting that this exchange is comparatively smaller in scale and lacks widespread recognition.

The platform's operation raises concerns as it operates without proper regulatory supervision or adherence.

Regulatory Authority

CoinW, an unregulated virtual currency exchange, operates without oversight from any regulatory authority. This lack of regulation poses several disadvantages for traders.

The foremost disadvantage is the potential absence of investor protection. Regulatory authorities play a vital role in enforcing standards and implementing measures to safeguard investors' funds and personal information. Without regulatory oversight, there is a heightened risk of security breaches, fraud, and other malicious activities.

Furthermore, unregulated exchanges often lack transparency and accountability. The absence of regulatory reporting requirements and audits makes it challenging for traders to assess the exchange's financial health, risk management practices, and adherence to industry standards.

Security

CoinW employs Google Authentication for two-factor authentication that adds an extra layer of security to user accounts. They are transparent about their data usage and protection under their Privacy Policy, ensuring all user information is managed carefully and responsibly. Additionally, CoinW also adheres to a stringent Anti-Money Laundering (AML) policy to combat financial crimes.

Despite rigorous security measures, no trading platform like CoinW can guarantee 100% safety. All platforms are susceptible to risks including hacking, security breaches, or technical failures. Users should always be cautious and take personal security measures.

Trading Markets

Coinw currently offers more than 1000 cryptocurrencies for trading. As for the coin listing speed, it can vary depending on various factors such as the popularity and demand for a particular cryptocurrency, regulatory compliance, and technical integration. Coinw strives to provide a wide range of options for its users, and the listing process is generally efficient. However, it is always recommended to check the exchange's official website or announcements for the most up-to-date information on newly listed coins.

CoinW Exchange App

Coin W avails its trading application CoinW Exchange App on several operating systems, including Windows, iOS, and Android. The design and framework of this platform are intended to serve users of varying trading experience, from rookies to veterans. Coin W endeavors to consistently update its platform and tools to accommodate its users' fluctuating needs and the ever-evolving trading landscape.

How to Open an Account？

1. Visit the CoinW Exchange website.

2. Click on the “Sign Up” button or a similar option to begin the registration process.

3. Fill in the required information, including your email address, password, and any other requested details.

4. Agree to the terms and conditions of the platform.

5. Complete any additional verification steps, which may include providing identification documents or completing KYC (Know Your Customer) procedures.

6. Once your account is created, you may need to verify your email address by clicking on a verification link sent to your registered email.

7. Log in to your CoinW account using your registered email and password.

8. Set up additional security measures, such as two-factor authentication (2FA), to enhance the security of your account.

9. Complete any necessary funding steps, such as depositing cryptocurrencies or fiat currencies, to start trading on the platform.

How to Buy Cryptos

1. Log in to the CoinW account and click “Buy Crypto” in the menu bar on the top of the homepage.

2. Select the “Coin” amount, “Legal tender” and “Payment Method” of the way you want, and click the “Order” button to enter the checkout page.



3. On the checkout page, click the “Buy” button to make the payment.



4. After payment is completed and the identity verification is passed, you can receive your cryptocurrency purchased.

In order to ensure the smooth receipt, users need to conduct identity verification (KYC) with a third party service provider. Once successfully verified, the service provider will immediately make the relevant transfer and issue the crypto currency into your CoinW Asset account.

Fees

1. When users participate in trading activities on the CoinW exchange, they are required to pay a fee to support the platform's operations.

2. The platform has distinct fee structures for makers and takers. Currently, both makers and takers incur a standard fee of 0.2% for VIP1 users.

3. Makers' orders are not instantly matched with existing market orders; instead, they are added to the order book and await a match with a taker's order.

4. Conversely, takers' orders are executed immediately, at the same or better price than the prevailing market orders.

VIP Level	One-time Buy	Valid Time	Taker Fee	Maker Fee
VIP1	0 CWT	30 days	0.20%	0.20%
VIP2	680 CWT	30 days	0.15%	0.15%
VIP3	2680 CWT	30 days	0.12%	0.12%
VIP4	12800 CWT	30 days	0.09%	0.09%
VIP5	38600 CWT	30 days	0.06%	0.06%
VIP6	86800 CWT	30 days	0.01%	0.01%



Deposit & Withdrawal

CoinW accommodates various funding methods. Users can fund their account using credit cards, a direct and convenient method for many.

Additionally, they also support funding through various cryptocurrencies, providing flexibility and broader options for users.

While for deposit and withdrawal fees, here are some examples of deposit and withdrawal scenarios, for more detials you can visit https://www.coinw.com/front/coinFee.

Currency	Deposit fees	Withdraw	Max WDRL Amt	Min WDRL Amt
CNYT	0.8% Minimum 2 CNYT	0%+10 CNYT	100,000	100
BC	0	0%+10000 BC	100,000,000	0.01
LTC	0	0%+0.019 LTC	2,000	0.1
HC	0	0%+6.3 HC	60,000	10
STOX	0	0%+788.24865038 STOX	1,100,000	500
ZRX	0	0%+16.91288042 ZRX	80,000	6



Educational Resources

CoinW provides an array of educational resources for its users.

Their Help Center offers extensive support information, addressing common queries and providing assistance.

Market information for popular digital assets is also readily available, ensuring users have access to up-to-date data for informed trading decisions.

These tools serve to educate users, demystifying complex market trends and facilitating smoother trading experiences.



Customer Support

CoinW provides customer support through a 24/7 live chat, a request form and social media such as Telegram, Twitter, Facebook, Sinablog, hyperpay, LinkedIn, Medium, Instagram and Discord to ensure that users can reach out for assistance at any time.



Is CoinW a Good Exchange for You？

CoinW can be a good exchange for both novice and seasoned traders.

For novices, CoinW offers a user-friendly interface, educational resources, and detailed market information about popular digital assets, which could significantly make trading easier and accessible for those new to the market.

For seasoned traders, the large selection of tradable assets and advanced features can meet their more sophisticated trading needs. The stringent security measures, including two-factor authentication and adherence to a firm Anti-Money Laundering (AML) policy, offer considerable protection for user assets.

However, matching this exchange to personal trading needs and preferences is essential because even with all these features, no platform can guarantee 100% safety.

Conclusion

In conclusion, CoinW is a cryptocurrency exchange that offers a range of 1000+ virtual currencies for trading, including Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash. Traders can take advantage of the volatility in cryptocurrency prices to potentially profit from their investments. The exchange offers its own trading platform through a mobile app which allows traders to stay with market even on the go.

However, the exchange is currently operated without any valid regulations. Therefore, individuals considering using CoinW should conduct thorough research and exercise caution to protect their funds and personal information.

FAQs

Q: What cryptocurrencies are available for trading on CoinW？

A: CoinW offers 1000+ cryptocurrencies including the popular Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH) for trading on their platform.

Q: What's the deposit and withdrawal methods does CoinW offer？

A: No, CoinW accepts cryptocurrency and credit card as payment method.

Q: Does CoinW offer educational resources or tools for traders？

A: CoinW offers a range of educational resources and tools including a help center and market information for popular digital assets.

Q: What are the available customer support channels on CoinW？

Coinw offers customer support through live chat, request form and a variety of social media platforms.

User Reviews

User 1: “I‘ve been using CoinW for a while now, and I’m quite satisfied with their security measures. They offer two-factor authentication and cold storage wallets, which gives me peace of mind when trading. The interface is also user-friendly and easy to navigate, making it convenient for beginners. However, their customer support can be slow at times, and the trading fees are a bit higher compared to other exchanges. Overall, its a platform for trading cryptocurrencies.”

User 2: “CoinW is a solid exchange with a wide range of cryptocurrencies available for trading. I appreciate that they are regulated, providing added assurance for my investments. The liquidity is decent, ensuring smooth transactions. Their customer support is responsive and helpful whenever I have any issues. However, the trading fees can be a bit high for frequent traders, and the deposit and withdrawal speed can sometimes be slow, which can be frustrating. Despite these minor setbacks, its a trustworthy exchange with good privacy and data protection.”

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.