Coinex Cryptocurrency Exchange Review : Pros & Cons

About Coinex Exchange

CoinEx core team members are from world-leading internet and finance companies, including the earliest adopters and professionals of cryptocurrency who boast rich experience in global operations and services in the industry. With proprietary trade matching system and excellent user experience, they are dedicated to building a highly secure, stable and efficient cryptocurrency exchange for global users.

The CoinEx Exchange is a multifunctional platform that combines the functions of the cryptocurrency market and a crypto exchange. Bitcoin, Ethereum, USDT, and dozens of other cryptocurrencies and tokens are at the trader’s disposal. Assets are exchanged and traded relative to each other, and there are pairs with world currencies, the most prominent contracts are with USD.

The exchange has a large trading volume, and thanks to the patented lightning-quick match engine, the company guarantees the simultaneous stability of thousands of orders, each of which is reliably protected. The site has its proprietary CET coin, which is issued daily. In addition to the web version of the trading terminal, there’s is a user-friendly mobile application. Fees are fixed and they depend on the trading level and the presence/absence of VIP status.

Information Table

How To Register At CoinEx Exchange ?

To register on CoinEx , click Register Now button at the top of the page. You can also start creating an account directly through.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

How To Verify Your CoinEx Account ?

There is no mandatory verification at CoinEx , but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal Fee of 0.001 BTC per day. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Bitstamp, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At CoinEx Crypto Exchange ?

There are two main options for topping up your balance on CoinEx Exchange. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From CoinEx Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your CoinEx Account ?

Also remember to go to the Security tab and activate two-factor authentication using the Google Authenticator app.

CoinEx Market Trading fees

As you know, there needs to be at least two parties in a trade. In cryptocurrency trading, we name these different parties different things (not just party one and party two). The party whose order exists on the order book prior to the trade we call the maker. The party who sees the maker’s order and decides that “yeah, that’s good enough for me and I’m gonna go ahead and accept that order” is the taker. As the makers provide the liquidity to the exchange, they are often provided with a discount on the trading fees compared to the takers. That is the case also at CoinEx Market.

CoinEx Market’s trading fees for takers are 0.15%. This fee is slightly below the global industry average. However, Hong Kong exchanges typically charge lower trading fees than exchanges from other countries. Accordingly, Hong Kong’s domestic industry average taker trading fee is much lower (around 0.10%). So from a domestic perspective, CoinEx Market’s trading fees for takers are even a bit high.

Makers receive a 0.05% discount and trade for 0.10%.

CoinEx Market Withdrawal fees

CoinEx Market charges a withdrawal fee amounting to 0.0015 BTC when you withdraw BTC. This is in line with global industry average and slightly on the high end compared to the domestic Hong Kong industry average.

Features Of CoinEx Crypto Exchange

Huge selection of cryptocurrencies

CoinEx has over 500 cryptocurrencies available for trading. This is a bigger selection than many crypto platforms. The list includes many popular cryptos across a number of sectors, including metaverse cryptos, decentralized finance cryptos, and smart contract cryptos. Its list of trading pairs is more limited, meaning it isn’t always possible to trade directly from one crypto into another.

Security & Stability

Supporting up to 10,000 TPS, with self-developed proprietary trade matching engine

User-First

Professional customer service and strong community connections, with 2000+ communities worldwide

Global Operations

Global operational team with rich experiences in blockchain and Fintech industry, covering 15 language areas globally.

Spot Trading

This feature allows users to buy and sell cryptocurrencies at the current market price. CoinEx offers a simple and intuitive interface for executing trades and provides users with real-time market data to inform their trading decisions.

Margin trading

CoinEx provides margin trading options that allow users to trade with leverage, increasing their buying power. This feature is ideal for experienced traders who want to take advantage of market opportunities and increase their potential profits.

Futures Trading

CoinEx offers futures trading options for several cryptocurrencies, allowing users to trade futures contracts with leverage. Futures trading is a type of derivative trading that allows traders to speculate on the future price movements of a particular asset.

Staking

CoinEx provides staking options for certain cryptocurrencies, allowing users to earn rewards by holding the coins in their account. Staking is a process where users lock up their coins and participate in the consensus mechanism of a blockchain network, helping to secure the network in return for rewards.

Mind Blowing Design

They’ve done a great job with making the homepage easy to navigate. The only drawback is that, with the white background, it can be hard on your eyes. Other than that, you’ll find their charts and trade tools easy to use if you’re already familiar with CoinEx .

Conclusion CoinEx

s such as spot trading, margin trading, futures trading, staking, borrowing, and lending, providing users with multiple options to participate in the crypto market.

CoinEx also implements strong security measures to protect users’ assets and provides 24/7 customer support to assist users with any questions or issues. The exchange is available in multiple languages, making it accessible to a wide range of users.