Exceeded

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/10

CoinW

China Hong Kong

|

2-5 years

MSB License|

Suspicious Overrun|

High potential risk|

https://coinw.ai/

Website

Rating Index
Influence

Influence

C

Influence Index NO.1

China 2.39

Better than 98.06% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

Influence
C

Licenses

FinCEN

FinCENExceeded

MSB License

Exchange Info

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Company Name
CoinW
Phone of the company
--
Customer Service Email Address
--

WikiBit Risk Alerts

2
Previous Detection 2024-03-01

The number of this Exchange's nagitive field survey reviews has reached 1, please be aware of the risk and the potential scam!

MSB License goes beyond their business with the licenses United States FinCEN (license number: 31000175001362), please be aware of the risk!

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Time Machine

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User Reviews

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1000+ ratings

Participate in evaluation
GblnHrts99
Beware on Exchange like this don't forget Dyor.
2023-03-19 12:13
0
0
paunx
I am one of the users whose account was frozen for no reason, very disappointing
2023-03-16 23:45
0
0
0xDatsun
coinw scammed me once, don't give me any notice . just closed my account for no reason
2023-08-22 00:43
8
0
estercrypto
I've read a lot of negative comments, but I'll try, hopefully the results are good unlike those negative comments
2023-08-24 23:59
8
0
zhangrina93
CoinW not really secure in my opinion.
2023-03-16 11:18
0
0
zhangrina93
Please be careful. This exchange not really have good regulation for now.
2023-03-16 11:15
0
0
FX1003376418
The color matching of Biying's interface design is very good, which really attracted my attention. The transfer speed is a bit slow, I hope they can put more effort into speeding up.
2023-11-20 05:39
4
0
0xDatsun
disappointed by their services
2023-08-22 00:45
3
0
Dump
my concern is how safe is CoinW for small investors like me and business owner?
2023-03-19 23:51
0
0
mitali
can You Elaborate what are key features of Your Project ? also what are your future plan s
2023-03-19 17:05
0
0
hoshitiger
are the coinw management already answered the suspicions of the public?
2023-03-18 20:58
0
0
Aia
One of the best project, ngl 🥳🚀
2023-03-17 18:20
0
0
Zeref
The next top 10 exchanger LFGGG 🔥🔥🔥
2023-03-17 18:07
0
0
colix
What is the process for verifying user identity and preventing fraud?
2023-03-17 16:32
0
0
jnorthernstar
Not familiar with this. let me explore more. anw what is the good benifits of it from others?
2023-03-17 13:59
0
0
hokibokki
Is this really safe and reliable?
2023-03-16 21:37
0
0
mitali
what will You Do if Project earns good Profit? will You do Something better for Your project?
2023-03-16 20:30
0
0
baby7240
How can regulators prevent fraud on COINW exchanges?
2023-03-16 17:17
0
0
koko3516
hope this project get required license and verification soon, raise your level soon
2023-03-16 16:11
0
0
Waffles7345
my only concern is the price alert because can't receive a notification without checking my wallet
2023-03-16 15:19
0
0

View all comments

CoinW · Company Summary

Aspect Information
Company Name CoinW
Registered Country/Area China
Founded Year 2013
Regulation Regulated by FinCEN
Cryptocurrencies Offered/Available Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC)
Trading Fee Spot trading 0.1%-0.2%;Margin trading:0.02%-0.08%;Futures trading:0.02%-0.08%
Deposit & Withdrawal Bank transfer, Cryptocurrency transfer
Customer Support Twitter:https://twitter.com/CoinWOfficialFacebook:https://www.facebook.com/CoinW-Exchange-103200602412863

Overview of CoinW

Overview of CoinW

CoinW is a virtual currency exchange based in China. It was founded in 2013 and is regulated by FinCEN . CoinW offers a range of cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). The maximum leverage offered by CoinW is 1:20. Traders can access the platform through CoinW's web platform and mobile app.

In terms of deposit and withdrawal methods, CoinW supports bank transfers and cryptocurrency transfers. The exchange also provides educational resources for beginners, such as a beginner's guide and trading tutorials. Customer support is available through email and live chat.

As of now, CoinW has established itself as a notable player in the virtual currency exchange market. With its foundation in China and a wide range of cryptocurrencies available for trading, CoinW caters to the needs of traders who are interested in virtual currency exchange.

Pros and cons

Pros Cons
Wide range of cryptocurrencies available Limited educational resources
Maximum leverage option
User-friendly trading platforms

Pros:

  • Wide Range of Cryptocurrencies Available:

    • Description: Coincheck offers an extensive variety of cryptocurrencies for trading, catering to diverse investment preferences. This breadth allows users to explore and invest in numerous altcoins beyond major cryptocurrencies like Bitcoin and Ethereum.

    • Maximum Leverage Option:

      • Description: The platform provides a maximum leverage option, empowering traders to amplify their positions with borrowed funds, potentially magnifying their profits (but also their losses) in margin trading scenarios.

      • User-Friendly Trading Platforms:

        • Description: Coincheck's trading platforms are designed to be intuitive and easy to navigate, ensuring a seamless trading experience for both novice and experienced users. This accessibility fosters a user-friendly environment for executing trades efficiently.

        • Cons:

          • Limited Educational Resources:

            • Description: The platform's educational resources might be limited, potentially hindering users who seek comprehensive guidance, tutorials, or learning materials to enhance their understanding of cryptocurrency trading strategies and market dynamics.

            • Regulations

              CoinW is regulated by the Financial Crimes Enforcement Network (FinCEN) under license no. 31000175001362.

              Regulations

              Security

              Security

              CoinW claims that it takes security seriously and implements measures to protect user funds and data. The exchange utilizes encryption technology to safeguard user information, including personal details and account credentials.

              In terms of fund security, CoinW employs cold storage methods to store the majority of user funds offline. This offline storage minimizes the risk of hacking or unauthorized access to funds. The exchange also maintains a strong internal security system to prevent potential security breaches.

              User feedback regarding the security of CoinW is mixed. While some users express satisfaction with the security measures implemented by the exchange, others raise concerns about the lack of regulation and potential risks associated with an unregulated platform.

              It is important for users to exercise caution and take their own security measures, such as implementing strong passwords and enabling two-factor authentication, to further enhance the security of their accounts.

              Trading Market

              CoinW offers a diverse array of trading assets, catering to various investment preferences.

              Buy Crypto:

              Users can engage in purchasing various cryptocurrencies directly on the platform. CoinW likely supports popular cryptocurrencies like **Bitcoin (BTC)**, **Ethereum (ETH)**, **Ripple (XRP)**, and numerous others, providing users with accessible avenues to acquire digital assets.

              Spot Trading:

              The platform likely enables spot trading, allowing users to buy and sell cryptocurrencies at the current market price, facilitating swift transactions for immediate execution.

              ETF Trading:

              CoinW may offer Exchange-Traded Funds (ETF) trading, enabling users to invest in diverse portfolios of digital assets through ETF products. This feature allows for diversified exposure to multiple cryptocurrencies within a single investment.

              Futures:

              For advanced traders seeking speculative opportunities, CoinW might provide futures trading. Futures contracts enable users to trade cryptocurrency assets at predetermined prices on specified future dates, allowing for potential profit from price fluctuations.

              Copy-Trading:

              CoinW may offer copy-trading functionalities, enabling users to replicate the trades of successful investors. This feature allows less experienced traders to follow and imitate the trading strategies of seasoned investors, potentially increasing their chances of profitable trading outcomes.

              Cryptocurrencies available

              CoinW offers a range of cryptocurrencies for trading, including popular options such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies are known for their global recognition and active trading volumes on various exchanges.

              Cryptocurrencies available

              It is important to note that cryptocurrency prices are subject to fluctuations in the market. The prices of cryptocurrencies can vary significantly within short periods of time due to various factors such as market demand, investor sentiment, and regulatory developments. Traders should be aware of these price fluctuations and exercise caution when trading cryptocurrencies.

              In addition to cryptocurrency trading, CoinW may also offer other products or services related to virtual currency exchange.

              Services

              Listing Application: CoinW offers a straightforward process for cryptocurrency projects to apply for listing on their platform. This service enables new digital assets to gain exposure to a broader audience of potential investors.

              T&C of Listing: The platform outlines transparent terms and conditions for cryptocurrency listing, ensuring clarity and fairness in the listing process. These guidelines likely establish criteria and rules for inclusion on the exchange.

              Become the Merchant: CoinW might offer merchants the opportunity to integrate cryptocurrency payments into their businesses, allowing them to accept digital assets as a form of payment, potentially expanding their customer base.

              VIP Interests: CoinW potentially provides VIP programs or exclusive benefits for high-volume traders or loyal users. These VIP interests could include reduced fees, enhanced customer support, or access to special features.

              API Support: CoinW likely offers Application Programming Interface (API) support, allowing developers to integrate their systems with the exchange, facilitating automated trading, accessing market data, and other functionalities.

              Invite Friends: The platform may incentivize user engagement by offering rewards or benefits for referring friends to the platform, encouraging community growth through user referrals.

              These supplementary services beyond trading aim to foster a comprehensive ecosystem, encompassing listing opportunities, merchant integration, VIP benefits, API support for developers, and user engagement incentives, enhancing the overall user experience on CoinW.

              CoinW APP

              The CoinW app empowers users to trade cryptocurrencies seamlessly from anywhere at any time. Its user-friendly interface facilitates easy buying, selling, and management of digital assets on-the-go. To download the app, simply visit the App Store for iPhone users or access the Android download link for Android devices via the CoinW website. Once downloaded and installed, users can log in or create an account, gaining swift access to cryptocurrency trading, ensuring convenience and flexibility in managing their investments directly from their mobile devices.

              CoinW APP

              How to Open an Account?

              1. To register on CoinW, visit the exchange's official website and click on the “Sign Up” button.

              2. Provide your email address and create a password for your account. Make sure to choose a password that is strong and unique to enhance the security of your account.

              3. After entering your email and password, you will receive a confirmation email. Click on the link provided in the email to verify your email address.

              4. Once your email is verified, you can proceed with the registration process by providing your personal information, such as your full name, date of birth, and nationality. This information is required for compliance purposes.

              5. Next, you will need to set up two-factor authentication (2FA) for your account. This adds an extra layer of security by requiring a verification code in addition to your password when logging in.

              6. Finally, read and agree to CoinW's terms and conditions, privacy policy, and any other relevant agreements. Once you have completed all the steps, you will have successfully registered on CoinW and can start trading cryptocurrencies.

              How to Buy Cryptos

              Here's a step-by-step guide on how to buy cryptocurrencies on CoinW through both their website and mobile app:

              Buying Cryptos on CoinW Website:

              • Account Creation/Login: Visit the CoinW website and sign up for an account. If you're already a user, log in using your credentials.

              • 2. Verification: Complete the required identity verification process stipulated by CoinW.

                3. Deposit Funds: Deposit fiat currency (like USD, EUR, etc.) into your CoinW account using available payment methods (bank transfer, credit/debit card, etc.).

                4. Navigate to Trading: Go to the “Trading” or “Buy/Sell” section on the website.

                5. Choose Cryptocurrency: Select the specific cryptocurrency you wish to buy from the list provided.

                6. Enter Purchase Details: Input the amount of the chosen cryptocurrency and select the payment method.

                7. Confirm Purchase: Review the transaction details and confirm the purchase to execute the trade.

                Buying Cryptos on CoinW App:

                • App Installation: Download and install the CoinW app from the App Store (iOS) or Google Play Store (Android).

                • 2. Account Setup/Login: Register for an account within the app or log in if you're an existing user.

                  3. Verification: Complete the identity verification process as prompted by the app to unlock trading capabilities.

                  4. Deposit Funds: Add funds (USD, EUR, etc.) into your CoinW app account through the available deposit methods.

                  5. Navigate to Trading: Tap on the “Trading” or “Buy/Sell” section within the app interface.

                  6. Select Cryptocurrency: Choose the specific cryptocurrency you intend to buy from the list provided.

                  7. Enter Purchase Details: Input the amount of the cryptocurrency you wish to buy and select the payment method.

                  8. Confirm Purchase: Review the transaction details and proceed to confirm the purchase to finalize the trade.

                  Fees

                  CoinW charges a variety of fees for its services. These fees include:

                  • Spot trading fees: CoinW charges a maker-taker fee for spot trading. The maker fee is 0.1%, and the taker fee is 0.2%.

                  • Margin trading fees: CoinW charges a margin trading fee of 0.02% to 0.08% per day.

                  • Futures trading fees: CoinW charges a futures trading fee of 0.02% to 0.08% per day.

                  • Withdrawal fees: CoinW charges withdrawal fees for all cryptocurrencies. The withdrawal fees vary depending on cryptocurrency.

                  • Deposit fees: CoinW does not charge deposit fees for fiat currencies or cryptocurrencies.

                  CoinW also offers a VIP program that offers reduced fees to users who hold a certain amount of CWT tokens.

                  Here is a table of the spot trading fees for CoinW:

                  Tier Maker Fee Taker Fee
                  1 0.10% 0.20%
                  2 0.09% 0.18%
                  3 0.08% 0.16%
                  4 0.07% 0.14%
                  5 0.06% 0.12%
                  6 0.05% 0.10%

                  Deposit & Withdrawal

                  CoinW supports deposit and withdrawal methods through bank transfers and cryptocurrency transfers. Users can deposit funds into their CoinW accounts by initiating a bank transfer or by transferring cryptocurrencies from another wallet or exchange. Similarly, users can withdraw funds from their CoinW accounts by either requesting a bank transfer or transferring cryptocurrencies to an external wallet.

                  The processing time for deposit and withdrawal transactions on CoinW may vary depending on the chosen method. Bank transfers typically take a longer processing time compared to cryptocurrency transfers. It is important for users to consider the processing time and plan accordingly when making deposits or withdrawals on CoinW.

                  Customer Support

                  CoinW provides customer support through various online platforms, offering users multiple channels to seek assistance and stay updated on platform-related information.

                  • Twitter Support:

                    • CoinW maintains an active presence on Twitter through the handle @CoinWOfficial.

                    • Facebook Support:

                      • CoinW extends its customer support to Facebook, where users can connect with the platform through the page CoinW Exchange.

                      • By utilizing both Twitter and Facebook, CoinW ensures a broad reach, providing users with accessible and responsive channels for customer support and staying informed about the platform's developments.

                        Is CoinW a Good Exchange for You?

                        CoinW stands out as an optimal exchange for users prioritizing simplicity and accessibility. Its user-friendly interface, diverse array of cryptocurrencies, and straightforward trading features cater to beginners, making it an ideal platform for those seeking ease of use and accessibility in cryptocurrency trading.

                        CoinW is a good exchange for a variety of trading groups, including:

                        • Beginners: CoinW has a user-friendly interface that makes it easy for beginners to get started with crypto trading. It also offers a variety of educational resources, such as tutorials and articles, to help beginners learn about the crypto market.

                        • Active traders: CoinW offers a variety of features that are designed to appeal to active traders, such as margin trading, stop-loss orders, and a variety of order types.

                        • Investors: CoinW offers a variety of features that are designed to appeal to investors, such as staking, margin trading, and a variety of order types.

                        However, CoinW is not a good exchange for everyone. Some trading groups that may not be suitable for CoinW include:

                        • Users in restricted jurisdictions: CoinW is not available in all jurisdictions. Users in restricted jurisdictions should check with CoinW to see if they are able to use the exchange.

                        • Users who require high levels of anonymity: CoinW does not offer anonymous trading. Users who require high levels of anonymity should look for a different exchange.

                        • Users who are looking for a wide variety of altcoins: CoinW does not offer as wide a variety of altcoins as some other exchanges. Users who are looking for a wide variety of altcoins should look for a different exchange.

                        User reivew

                        User 1: “CoinW's interface is smooth, making trades a breeze! But I'm wary about their security measures; they could beef that up. Limited cryptocurrencies, and support? Hit-or-miss—when they're on it, things go smooth, but otherwise, it's a hassle.”

                        User 2: “I dig CoinW's interface and decent security measures, but they need more coins! Liquidity's alright, but customer support? Spotty at best. Also, the trading fees? Not the lowest out there, but it's bearable.”

                        These reviews highlight varying experiences with CoinW. While one appreciates the interface and ease of trading but raises concerns about security and limited cryptocurrencies, the other acknowledges decent security and interface but notes the need for more coin options and better customer support.

                        Conclusion

                        In conclusion, CoinW is a virtual currency exchange that takes security seriously and offers a range of popular cryptocurrencies for trading. The exchange employs encryption technology to protect user information and utilizes cold storage methods to secure user funds.

                        CoinW offers a user-friendly trading platform and may be suitable for experienced traders, crypto enthusiasts, risk-tolerant traders, and mobile traders. However, the exchange has faced criticism regarding its fees and occasional technical issues. Users should carefully evaluate their own needs and preferences before deciding to trade on CoinW.

                        FAQs

                        Q: What cryptocurrencies can I trade on CoinW?

                        A: CoinW offers a variety of cryptocurrencies for trading, including Bitcoin, Ethereum, Ripple, and Litecoin.

                        Q: How can I register an account on CoinW?

                        A: To register on CoinW, visit the exchange's official website, click on the “Sign Up” button, provide your email address and create a password. After verifying your email, you can complete the registration by providing personal information, setting up two-factor authentication, and agreeing to the terms and conditions.

                        Q: What deposit and withdrawal methods are supported by CoinW?

                        A: CoinW supports bank transfers and cryptocurrency transfers for deposits and withdrawals. Users can initiate a bank transfer or transfer cryptocurrencies from another wallet or exchange to deposit funds. Similarly, they can request a bank transfer or transfer cryptocurrencies to an external wallet for withdrawals.

                        Q: Are there any educational resources provided by CoinW?

                        A: Yes, CoinW offers educational resources and tools for traders who are new to virtual currency exchange. These resources include a beginner's guide and trading tutorials to help users understand the basics of trading.

                        Q: Is CoinW's trading platform user-friendly?

                        A: CoinW's trading platform is said to be user-friendly and intuitive by some users, making it easy to navigate and execute trades.

                        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.