CoinEx

Overview of CoinEx

CoinEx, established in 2017 and based in the British Virgin Islands, operates as an unregulated cryptocurrency exchange, offering a diverse selection of over 600 cryptocurrencies for trading, including Bitcoin, Ethereum, Ripple, and Litecoin. The platform boasts competitive fees for futures trading and is designed to be beginner-friendly. However, drawbacks include lower trading volumes, limited product range, and the absence of fiat currency support. CoinEx, not subject to official oversight, emphasizes user safety and convenience with a secure, incident-free record. The exchange supports spot, margin, futures, and AMM trading across various cryptocurrencies, providing a total of 740 coins across 1161 markets.

Pros and cons

Pros:

• Offers Over 600 Cryptocurrencies:

• CoinEx provides a diverse selection of more than 600 cryptocurrencies for trading. This broad range enables users to explore various digital assets and investment opportunities.

• Competitive Futures Fees:

• The exchange offers competitive fees for futures trading. This can potentially enhance the profitability of traders engaged in derivatives trading, as lower fees translate to higher returns.

• Beginner-Friendly Exchange:

• CoinEx is designed with user-friendliness in mind, making it accessible to traders with varying levels of experience. Its intuitive interface and ease of use are particularly beneficial for those new to cryptocurrency trading.

• No KYC (Know Your Customer) Required:

• CoinEx does not mandate the completion of KYC procedures, offering a level of privacy for users who value anonymity. This can be appealing to traders who prioritize maintaining their privacy.

Cons:

• Low Trading Volumes:

• One downside is the comparatively lower trading volumes on CoinEx. Lower trading volumes can result in less liquidity and potentially wider bid-ask spreads, which might impact the ease of executing trades at desired prices.

• Limited Product Range:

• While offering a wide range of cryptocurrencies, CoinEx might have limitations in terms of additional financial products or services available compared to more comprehensive exchanges.

• No Fiat Currency Support:

• CoinEx does not support direct fiat currency deposits or trading. This can be inconvenient for traders looking to convert fiat currency into cryptocurrencies without using third-party providers.

• High Third-Party Fees:

• For users seeking to buy cryptocurrencies using fiat currencies, the involvement of third-party providers like Banxa, Mercuryo, MoonPay, and Advcash can result in higher fees, typically ranging from 3% to 8% in commissions.

Regulatory Authority

• CoinEx, as an unregulated cryptocurrency exchange, operates without official oversight, which can be concerning for traders valuing regulatory frameworks. This absence of regulation raises transparency and security issues, potentially exposing users to fraud and malpractice due to a lack of stringent checks.

• Mitigating risks on such exchanges involves cautious research into their reputation, security measures, and policies. To safeguard investments, diversification across multiple exchanges is advisable. Although unregulated exchanges might offer advantages like a wider range of cryptocurrencies, traders should remain aware of potential risks and take proactive measures to protect their assets.

Security

• CoinEx emphasizes both safety and user convenience. It offers straightforward and secure cryptocurrency trading services across more than 200 countries. The platform's user-friendly interface ensures seamless transactions. CoinEx has maintained an incident-free record since its establishment, thanks to robust security measures and a 100% reserve guarantee. Additionally, the exchange provides various financial options, including docking and AMM services, to stay at the forefront of the cryptocurrency industry.

Trading Market

CoinEx offers a wide variety of trading assets across various categories, including:

Spot Trading:

• Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), Cardano (ADA), Dogecoin (DOGE), and many more.

• Stablecoins: USDT, USDC, BUSD, and more.

• Fiat Currencies: USD, EUR, GBP, and more.

Margin Trading:

• Cryptocurrencies: Borrow and trade BTC, ETH, USDT, BNB, ADA, DOGE, and more with leverage.

Futures Trading:

• Cryptocurrency Futures: Perpetually funded futures contracts for BTC, ETH, USDT, BNB, ADA, DOGE, and more.

AMM (Automated Market Maker) Trading:

• AMM Liquidity Pools: Provide liquidity to decentralized pools and earn rewards.

Financial Account:

• Flexible Earning: Earn interest on various cryptocurrencies.

Dock:

• Staking: Earn rewards by staking supported cryptocurrencies.

Cryptocurrencies available

• CoinEx offers a diverse range of cryptocurrencies for trading, including prominent options like BTC (Bitcoin) and ETH (Ethereum). Additionally, the exchange provides access to altcoins such as BLZ (Bluzelle), KAS (Kaspa), and its own native token, CET (CoinEx Token). This selection allows traders to engage with a variety of digital assets, catering to different investment preferences and strategies.

• It features a total of 740 different coins available for trading across 1161 markets. Over the past 24 hours, the total trading value amounted to approximately 159.13 million USD. Looking at a broader timeframe, the exchange recorded a trading volume of 6.01 billion USD over the course of the last 30 days.

Services

CoinEx offers a range of services beyond trading to cater to the diverse needs of its users. These services include:

• CoinEx Market Maker: This program provides individuals and institutions with the opportunity to become liquidity providers and earn rewards for their contributions to the CoinEx order book.

• CoinEx Broker: This service allows users to buy and sell cryptocurrencies with fiat currencies directly through CoinEx's platform.

• Referral Reward: This program incentivizes users to invite their friends and family to join CoinEx by offering rewards for both the referrer and the referred user.

• CoinEx Ambassador: This program recognizes and rewards individuals who actively promote CoinEx and contribute to the growth of the community.

• CoinEx Partner: This program enables businesses to integrate CoinEx's services into their own platforms and offer cryptocurrency trading to their customers.

• CoinEx Charity: This initiative supports charitable organizations and causes that utilize blockchain technology to make a positive impact on society.

• Creator Program: This program empowers content creators to monetize their work and connect with their audience through CoinEx's NFT marketplace.

• Blog: CoinEx maintains a blog that provides users with insights into the latest cryptocurrency trends, market analysis, and educational resources.

Coinex APP

CoinEx's app provides a user-friendly interface for buying, selling, and trading cryptocurrencies. It offers a wide variety of features, including spot trading, margin trading, futures trading, and automated market making (AMM). The app also supports a variety of fiat currencies and cryptocurrencies.

To download the CoinEx app, you can visit the CoinEx website or your device's app store. Once you have downloaded the app, you can create an account and start trading.

How to Open an Account？

Opening a CoinEx account is a straightforward process that can be completed in a few minutes. Here's a step-by-step guide on how to get started:

• Visit the CoinEx website: Navigate to the CoinEx official website (https://www.coinex.com).

• Click “Sign Up”: In the top right corner of the homepage, you'll find a “Sign Up” button. Click on it to initiate the registration process.

• Enter your email address and password: Create a strong password that you can easily remember.

• Enter your referral code (optional): If you have a referral code, you can enter it in the designated field.

• Agree to the terms of service: Read and check the box next to “I've read & agreed with《CoinEx Terms of Service》” to acknowledge your acceptance of the terms.

• Click “Sign Up”: This will complete the registration process, and your CoinEx account will be created.

• Verify your email address: A verification email will be sent to the address you provided during registration. Click on the link in the email to verify your account and complete the registration process.

• Enable two-factor authentication (2FA): For enhanced security, it's recommended to enable 2FA using either SMS or Google Authenticator. This will add an extra layer of protection to your account.

• Complete KYC verification (optional): If you plan to engage in higher-limit transactions, you'll need to complete Know Your Customer (KYC) verification. This involves providing personal identification documents to verify your identity.

Once you've completed these steps, you'll have successfully opened a CoinEx account and can start trading cryptocurrencies.



How to Buy Cryptos？

Buying Cryptos on CoinEx Website:

• Choose Cryptocurrency and Fiat Currency:

• Log in to your CoinEx account.

• Select the cryptocurrency you want to purchase and the fiat currency you'll use for payment.

2. Select Service Provider:

• Pick a third-party service provider from CoinEx's list to facilitate the transaction.

3. Enter Purchase Amount:

• Enter the amount of cryptocurrency you wish to buy.

• You will be redirected to the chosen service provider's website.

4. Fill in Information and Complete Payment:

• On the service provider's site, fill in the necessary information.

• Complete the payment process as guided by the third-party provider.

5. Check Purchased Assets:

• Return to CoinEx and navigate to “Deposit History” to verify your purchased assets.

• Review the transaction details on the service provider's website.

  

Buying Cryptos on CoinEx App:

• Select Cryptocurrency and Fiat Currency:

• Open the CoinEx app and log in.

• Choose the cryptocurrency and fiat currency for your transaction.

2. Choose Service Provider:

• Pick a third-party service provider available on the app.

3. Enter Purchase Amount:

• Input the amount of cryptocurrency you want to buy.

• Tap to proceed to the selected service provider's platform.

4. Fill in Information and Complete Payment:

• On the service provider's interface, provide necessary details.

• Follow the payment instructions to complete the transaction.

5. Verify Purchase on CoinEx:

• Return to the CoinEx app.

• Check your purchased assets in the “Deposit History” section.

• Cross-verify the order details by visiting the service provider's website.

This step-by-step process ensures a seamless experience for buying cryptocurrencies on CoinEx, whether through the website or the mobile app.

Fees

• Coinex employs a competitive fee structure for its trading services. The trading fees vary based on factors such as the type of trade (spot, margin, etc.), trading volume, and user's VIP level. The fees are transparently displayed on the Coinex website and are generally in line with industry standards. It's advisable for users to review the fee schedule before engaging in trading activities to ensure a clear understanding of the costs associated with their trades.

VIP Level	CET Holding	Spot Fees (Regular)	Spot Fees (Discounted)
VIP 0	≥0 CET	0.20%	0.16%
VIP 1	≥1,000 CET	0.18%	0.14%
VIP 2	≥10,000 CET	0.16%	0.13%
VIP 3	≥100,000 CET	0.14%	0.11%
VIP 4	≥500,000 CET	0.12%	0.10%
VIP 5	≥1,000,000 CET	0.10%	0.08%

Deposit & Withdrawal

• Fiat deposits are unavailable on Coinex, requiring users seeking to purchase cryptocurrencies with fiat currencies to resort to third-party providers like Banxa, Mercuryo, MoonPay, and Advcash. Nevertheless, this convenience comes at a considerable expense, as these services often charge fees ranging from 3% to 8% in commissions. It's worth highlighting that Coinex exclusively permits cryptocurrency deposits, disallowing direct deposits of fiat currencies into users' exchange accounts.

MainnetType	Minimum Deposit	Minimum Withdrawal	Deposit Fee	Withdrawal Fee
CSC	0.026	20	Free	0.026
ERC20	130	130	Free	130
TRC20	1.1	1.1	Free	1.1
BSC	0.43	0.6	Free	0.43
ERC20	4.8	4.8	Free	4.8
CSC	0.011	0.6	Free	0.011
ERC20	4.9	4.9	Free	4.9
TRC20	1.1	1.1	Free	1.1
CSC	0.011	0.5	Free	0.011

• Exchange Comparison

Exchange	Binance	Coinex	Coinbase
Fees	0.012%-0.10%	0.20%	0% - 3.99%
Cryptos Available	350+	700+	200+
Website	BINANCE.com/en	Coinex.com	coinbase.com

Customer Support

CoinEx offers robust customer support through various channels, including social media platforms such as Twitter (https://twitter.com/coinexcom) and Facebook (https://www.facebook.com/TheCoinEx/).

Users can engage with the exchange and stay updated on announcements through these channels.

Additionally, for direct assistance, CoinEx provides a customer service email address: support@coinex.com.

This enables users to reach out with inquiries, issues, or feedback. The multi-channel approach demonstrates CoinEx's commitment to accessible and responsive customer support, catering to user needs and fostering communication between the platform and its users.



Conclusion

CoinEx operates as a comprehensive cryptocurrency exchange. With over 600 cryptocurrencies available for trading, including Bitcoin, Ethereum, and its native token CET, CoinEx offers a diverse range of digital assets. The platform's competitive fee structure, although transparent, varies based on trade types and user VIP levels. Despite being unregulated, CoinEx emphasizes user safety, maintaining a secure, incident-free record. However, traders should be mindful of potential drawbacks such as lower trading volumes and the absence of fiat currency support. Overall, CoinEx caters to both beginners and experienced traders seeking a wide array of cryptocurrency options.

Is Coinex a Good Exchange for You？

CoinEx is the best exchange for beginner and experienced crypto traders due to its easy-to-use interface, variety of features, and competitive fees. CoinEx also offers a wide range of trading pairs and supports multiple fiat currencies, making it a good choice for both domestic and international traders.

CoinEx is a great platform for beginners and experienced crypto traders alike. Here are some of the target groups that may find CoinEx suitable:

• Beginners: CoinEx offers a variety of beginner-friendly features, such as its easy-to-use interface, educational resources, and 24/7 customer support.

• Experienced traders: CoinEx offers a variety of advanced features, such as margin trading, futures trading, and AMM, that are suitable for experienced traders.

• Investors: CoinEx offers a variety of investment products, such as spot trading and staking, that are suitable for investors.

• Mobile users: CoinEx offers a mobile app that allows users to trade cryptocurrencies on the go.

FAQs

• Q: Does Coinex support fiat deposits？

• A: Coinex does not currently support fiat currency deposits. Traders looking to purchase cryptocurrencies using fiat will need to use third-party providers like Banxa, Mercuryo, MoonPay, and Advcash.

• Q: Are there fees associated with using third-party fiat deposit services？

• A: Yes, when using third-party providers for fiat deposits, users should expect to incur fees ranging from 3% to 8% as commissions for the convenience of purchasing cryptocurrencies.

• Q: Can I deposit fiat currencies directly into my Coinex account？

• A: No, Coinex exclusively allows cryptocurrency deposits. Direct fiat currency deposits into Coinex accounts are not supported.

• Q: Is Coinex a regulated exchange？

• A: Coinex operates as an unregulated exchange, which means it does not fall under official regulatory oversight. Traders should be aware of this aspect when considering using the platform.

• Q: What is the process for withdrawing cryptocurrencies from Coinex？

• A: To withdraw cryptocurrencies from Coinex, users can follow the platform's withdrawal procedure, which typically involves specifying the cryptocurrency and wallet address.

• Q: What is Coinex's trading fee structure？

• A: Coinex employs a fee structure that varies based on trading activities, VIP levels, and market factors.

User Review

• User 1:

• Coinex has been my go-to exchange for a while now. The security measures they have in place are top-notch, which really gives me peace of mind. However, I do wish they had more information about their regulation status. The interface is user-friendly, and the variety of cryptocurrencies available for trading is impressive. Customer support has been helpful, but sometimes the response time could be better. The trading fees are competitive, and I appreciate the privacy measures they take. Deposits and withdrawals happen pretty quickly, which is a plus. Overall, Coinex is stable and offers a smooth trading experience.

• User 2:

• I've been using Coinex for a few months, and I'm quite satisfied. Their interface is clean and easy to navigate, making trading a breeze. The range of cryptocurrencies they offer is great, and liquidity seems decent for most of the major ones. Customer support has been responsive whenever I had questions about trading fees, which are reasonable. However, I'd appreciate more clarity on their privacy and data protection practices. Deposits and withdrawals have been speedy, and the order types cater to different trading strategies. The exchange's stability has been reliable during my time using it. Overall, Coinex is a solid platform for my crypto needs.