The cryptocurrency market has grown and now, and many exchanges offer different features to meet the needs of new and experienced traders. So, choosing the right exchange is important because it affects how you trade, store, and manage your digital assets.
You need to look at factors like security, trading tools, supported coins, and customer service. Each platform has its benefits and drawbacks, so understanding them clearly can help you make better choices. In this guide, we will cover a detailed CoinEx review and everything you need to know about using this crypto trading platform.
CoinEx Review: Quick SummaryFounded2017HeadquartersSeychellesSupported Countries200+ (excludes USA, Canada, and China)Supported Cryptocurrencies1,400+Trading FeaturesSpot, futures, margin, copy trading, demo trading, AMM, staking, loansSpot Trading Fees0.20% maker/taker (reducible with CET, VIP/Market Maker discounts)Futures Trading Fees0.030% maker, 0.050% taker (VIP discounts available)Maximum Leverage100x (futures)Security MeasuresCold/hot wallets, multi-signature, Shield Fund, SlowMist partnership, 100% reserve ratio, Merkle Tree verificationKYC RequirementOptional (no KYC: $10,000/day withdrawal; KYC: up to $1,000,000/day)Payment MethodsVisa, Mastercard, Apple Pay, Google Pay, SEPA, UPI, IMPS, bank transfers, Simplex, and BanxaSupported Fiat Currencies60+ currencies (e.g., USD, EUR, JPY, KRW)Customer Support24/7 live chat, email, help center, social media (Twitter, Telegram)What Is CoinEx?
CoinEx is a global cryptocurrency exchange founded in 2017. It serves over 10 million users in more than 200 countries and regions. The platform supports 18 languages, making it accessible to a diverse user base. CoinEx offers various services, including spot trading, copy trading, futures trading, swaps, staking, and crypto loans.
CoinEx provides the best user interface and a mobile app so users can trade and watch their investments at their convenience. It includes advanced trading options like up to 10x leverage on margin trading, up to 100x leverage on futures trading, and smart trading strategies such as auto-invest plans and spot grid trading. There is also an opportunity for users to earn passive income by using staking services and cryptocurrency loans.
The exchange lists over 1,400 cryptocurrencies, providing users with many digital assets to trade. It is also highly secure and employs a proprietary cold storage system, multi-signature protocols, real-time monitoring of abnormal transfers, and strict whitelisting to safeguard user assets.
Pros
- Offers over 1,400 cryptocurrencies for wide trading options
- Supports spot, margin, futures, and staking in one platform
- Competitive trading fees with CET token discounts and rewards
- Strong asset security with cold wallets and PoR reports
- Easy-to-use interface with mobile app support
Cons
- Not licensed and regulated in the US
- Customer support is slow during peak trading times
- No fiat deposit options through bank transfers
CoinEx Fees: How Much Does it Charge for Trading?
Spot Trading Fees
The standard CoinEx trading fee for both makers (those who add liquidity by placing limit orders) and takers (those who remove liquidity by executing market orders) is 0.20% for non-VIP users. However, CoinEx offers tiered discounts through its VIP Levels and Market Maker Levels, which reduce fees based on your CET (CoinEx Token) holdings, total asset value, or 30-day trading volume.
You can further reduce fees by 20% by enabling the “Use CET as Fees” option, which deducts CET for non-AMM spot and margin trades.
Futures Trading Fees
The standard futures fees for VIP Level 0 users are 0.030% for makers and 0.050% for takers, with reductions for higher VIP Levels. These fees are calculated based on the position quantity and price for linear contracts or contract amount and value for inverse contracts.
Funding fees, settled every 8 hours at 0:00, 08:00, and 16:00 (UTC), are not charged by CoinEx but are paid between long and short traders based on the funding rate.
Note: The spot trading fees for margin trades mirror those of regular spot trading (0.20% standard, with VIP and Market Maker discounts), and CET deductions can reduce these by 20%.
Deposit and Withdrawal Fees
CoinEx does not charge any fees for depositing cryptocurrencies into your account. However, you may incur network fees (gas fees) when transferring assets from an external wallet or platform to CoinEx.
Withdrawal fees on CoinEx are dynamic and vary based on the cryptocurrency, network, and current blockchain conditions, such as network congestion. For example, the Bitcoin (BTC) withdrawal fee is approximately 0.0001 BTC, while Tether (USDT) fees differ by network (e.g., TRC20, ERC20).
CoinEx Staking and Earning Rewards
CoinEx offers a crypto staking service that allows you to earn passive income by locking your cryptocurrencies to support blockchain networks.
