CoinEx is a number one crypto alternate platform that launched in 2017 and now helps greater than 1,300 cryptocurrencies throughout spot, margin, and futures markets. It permits you to commerce, earn, and handle digital belongings with non-compulsory KYC and world entry in over 200 international locations.
The highest options of CoinEx are spot buying and selling, futures buying and selling with as much as 100x leverage, margin buying and selling, copy buying and selling, staking and incomes merchandise, P2P buying and selling, on-chain swaps, and a full iOS and Android cellular app.
On this CoinEx alternate assessment, we’ll cowl how CoinEx works, its charges, supported international locations, KYC guidelines, and whether or not it’s authorized and secure to make use of. Additionally, you will study its key options, professionals and cons, deposit and withdrawal course of, and actual person suggestions so you’ll be able to resolve if it matches your buying and selling wants.
CoinEx Assessment: What Is This Crypto Trade?
CoinEx is a centralized cryptocurrency alternate based in December 2017 by the crew behind the ViaBTC mining pool. It started in Hong Kong after which later moved its headquarters to the Seychelles. The core focus has at all times been on stability, clear pricing, and a wide array of cryptocurrencies.
Therefore, over time, CoinEx has grown to help greater than 1,300 digital belongings and greater than 1,900 buying and selling pairs, together with serving greater than 10 million customers throughout 200+ international locations and areas. Right here, you’ve got entry to main cash like Bitcoin (BTC) and Ethereum (ETH) in addition to tons of of recent altcoins which may be laborious to search out elsewhere.
The platform additionally makes use of a 100% PoR coverage to indicate that they don’t seem to be utilizing your cash for different issues. They use one thing referred to as a Merkle Tree audit to show their reserves each month. You’ll be able to test these information your self on their official web site anytime you need. The corporate additionally created its personal native token referred to as CET.
Who Ought to Use CoinEx Trade?
Commerce quite a lot of altcoins: CoinEx provides a bigger coin choice than many mainstream exchanges, with greater than 1,300 cash and 1,900+ pairs. You’ll be able to commerce a little bit of every part, from established cash to new tokens.Worth anonymity: CoinEx permits unverified customers to deposit, commerce, and withdraw as much as $10,000 per day or $50,000 monthly with out finishing KYC. You’ll be able to simply commerce and withdraw inside these limits with out sharing your paperwork.Want each spot and derivatives markets: The CoinEx alternate platform provides spot, margin, and futures contracts with leverage as much as 100x on choose buying and selling pairs and 75x on new dangerous altcoins.Passive revenue: Its incomes packages embrace staking, liquidity swimming pools, crypto loans, and versatile financial savings accounts that pay every day curiosity.
Which International locations are Supported on the CoinEx Platform?
The CoinEx alternate helps customers from over 200 international locations and areas globally. You’ll be able to entry the providers from most elements of Europe, Asia, Africa, and South America with none main points, and international locations like India, Brazil, Russia, Japan, and the UK have lots of energetic customers on the positioning. The platform actually tries to be a “world” cryptocurrency alternate, and it provides localized help for various areas.
Nevertheless, it clearly enforces strict geo‑blocking in particular jurisdictions. CoinEx warns in opposition to utilizing VPNs or different workarounds, noting that doing so dangers account suspension. So, in accordance with its phrases of service and up to date compliance updates, the alternate doesn’t present providers to:
United States: Properly, following authorized motion by the New York Lawyer Basic and broader U.S. regulatory strain, CoinEx agreed in June 2023 to refund affected customers, pay $1.8 million in penalties, after which completely block all U.S. residents.Mainland China: You realize, all cryptocurrency transactions are unlawful beneath China’s 2021 crackdown, so CoinEx blocks customers there.Canada: It doesn’t provide buying and selling providers in Canada attributable to massive regulatory strain. Principally, the brand new Canadian securities guidelines compelled CoinEx to stop operations nationwide.
Is CoinEx Authorized within the USA?
No, the CoinEx platform shouldn’t be authorized for residents of the USA and has formally stopped serving US clients. It’s best to know that this occurred after a authorized settlement with the New York Lawyer Basic in 2023. The alternate agreed to dam all US IP addresses and forestall any new sign-ups from the nation. Really, the corporate needed to pay a fantastic of $1.8 million and cease its operations within the US completely.
The platform makes use of geo-blocking expertise to detect and cease US customers from accessing the positioning. Even if you happen to attempt to use a VPN, you would possibly get your account locked in the event that they discover out the place you actually are. So, it isn’t definitely worth the threat of shedding your funds simply to make use of one particular alternate, and there are different regulated choices for US residents that comply with native legal guidelines correctly, like Coinbase and Kraken.
How Does CoinEx Work?
CoinEx works as a centralized alternate that matches patrons and sellers utilizing a high-performance engine. You first must ship some crypto to your pockets on the positioning or purchase some utilizing a bank card.
Now, after you have funds, you’ll be able to go to the market part and select the coin you wish to purchase. The system will search for somebody who’s promoting that coin on the value you need. Principally, it acts as a intermediary, and it makes positive the commerce occurs safely and rapidly.
You’ll be able to select between various kinds of orders, like Market orders or Restrict orders. A market order occurs immediately on the present value. A restrict order solely occurs when the value reaches a stage you select. Properly, the platform additionally provides a “Swap” characteristic for individuals who don’t wish to have a look at charts. You simply choose the 2 cash and the system swaps them for you in a single click on. CoinEx additionally options P2P buying and selling, copy buying and selling, futures buying and selling, auto‑make investments bots, and an iOS/Android app. All these providers are accessible by means of an online interface and cellular functions.
Does CoinEx Require KYC Verification?
No, CoinEx doesn’t require KYC to commerce. You’ll be able to deposit, commerce, and withdraw cryptocurrencies anonymously as much as $10,000 per day or $50,000 monthly.
However once more, to purchase crypto with a credit score or debit card, or to lift withdrawal limits to $1,000,000 per day, you should confirm your id. The KYC course of includes importing a passport, ID card, or driver’s license, plus a selfie and a handwritten word with “CoinEx” and the date. Primarily, KYC is just wanted when elevating withdrawal limits or buying crypto with fiat. Additionally, in case you are searching for one other no-KYC alternate, you’ll be able to take a look at our MEXC assessment.
CoinEx Assessment: Execs and Cons
The professionals of CoinEx are an enormous choice of cash, no-KYC buying and selling, a aggressive price construction, superior buying and selling instruments, incomes merchandise, excessive safety, and a user-friendly interface.
The cons of CoinEx are restricted licenses, unavailability in sure international locations (Just like the US and Canada), and previous safety breaches.
What are the Advantages of Utilizing CoinEx?
Enormous choice of cryptocurrencies: There are greater than 1,300 cash and 1,900 buying and selling pairs that provide you with publicity to established and rising initiatives. No obligatory KYC for primary use: You’ll be able to commerce and withdraw as much as $50,000 monthly with out submitting id paperwork.Aggressive price construction: Spot buying and selling charges begin at 0.2% and futures charges at 0.03%, with reductions for VIP tiers and CET token holders, so the charges stay aggressive whilst your quantity grows.Superior instruments for buying and selling: CoinEx provides margin and futures markets with as much as 100× leverage, copy buying and selling, grid buying and selling bots, and auto‑make investments options. Incomes merchandise: Versatile financial savings, mounted staking, liquidity swimming pools, crypto loans, and airdrop promotions present a number of methods to earn passive revenue, and the returns might be fairly interesting, although returns might be kinda unpredictable attributable to market volatility.Proof‑of‑reserves and safety measures: The alternate shops over 90% of belongings in chilly wallets, publishes proof‑of‑reserves, and maintains an Insurance coverage Fund (CoinEx defend fund) to compensate customers for losses.Consumer‑pleasant buying and selling interface: The buying and selling dashboard is clear, with markets, charts, and order books clearly laid out. The cellular app can be very quick, and it’s simple to make use of on each iPhone and Android.
What are the Dangers of Utilizing CoinEx?
Restricted regulation: CoinEx is registered with Estonia’s FIU and Poland’s VASP however lacks licenses in main markets just like the U.S. and U.Ok. It beforehand held a U.S. MSB license, however that was revoked in 2023, so it’s sort of working in a grey space.Nation restrictions: Usually, residents of the USA, Canada, and Mainland China can’t use CoinEx. Additionally, you would possibly consider using a VPN, however no matter you do, making an attempt to bypass geo‑blocks can result in account suspension.Previous safety breach: Properly, in September 2023, CoinEx’s scorching wallets had been hacked, and it led to losses estimated between $31 million and $55 million.
CoinEx Assessment: Commonplace Out there Charges
The CoinEx platform makes use of a really aggressive price mannequin, and it rewards customers for buying and selling extra or holding their native token. The bottom spot buying and selling price for most individuals is 0.2% for each makers and takers. For futures buying and selling, you could pay 0.03% maker and 0.05% taker price.
1. CoinEx Spot Buying and selling Price
CoinEx spot buying and selling charges are 0.20% maker/taker. CoinEx’s VIP program reduces charges as your 30‑day buying and selling quantity and CET holdings enhance, so paying charges with CET tokens grants an additional 20% low cost.
VIP TierRequirements (30‑day quantity & CET holdings)Spot Maker FeeSpot Maker Price with CETSpot Taker FeeSpot Taker Price with CETVIP0None0.20%0.16%0.20%0.16%VIP1$20,000 quantity or 2,000 CET stability0.18%0.144%0.18%0.144%VIP2$100,000 quantity or 10,000 CET0.16%0.128%0.16%0.128%VIP3$200,000 quantity or 50,000 CET0.14%0.112%0.14%0.112%VIP4$500,000 quantity or 250,000 CET0.12%0.096%0.12%0.096%VIP5$1,000,000 quantity or 1,000,000 CET0.10%0.08%0.10%0.08%
2. CoinEx Futures Buying and selling Price
The futures buying and selling charges are even decrease than the spot charges, and so they begin at 0.03% for makers and 0.05% for takers. The platform provides each Perpetual and Supply contracts for varied cash. Most individuals want the perpetual ones as a result of they don’t have an expiry date. You must also be careful for the Funding Charge, which is a small fee between lengthy and quick merchants each 8 hours.
3. CoinEx Deposit and Withdrawal Charges
The CoinEx alternate doesn’t cost any charges for depositing cryptocurrency into your account. You’ll be able to ship as a lot as you need, and the complete quantity will present up in your stability as soon as the community confirms it. Now, fiat deposits by means of third‑social gathering gateways (Simplex, MoonPay, Banxa) embrace processing charges embedded within the quoted value.
Subsequent, CoinEx withdrawal charges depend upon the asset and community. Listed below are some widespread examples:
AssetWithdrawal Price (approx.)Bitcoin (BTC)0.00003 BTCEthereum (ETH)0.00048 ETHTether (USDT) (TRC‑20)1 USDTSolana (SOL)0.007 SOLFiat through SEPA/PayPalFlat $10 for $1,000 USDT
Does CoinEx Have Hidden Charges?
The platform doesn’t have any hidden charges that may shock you in a while. You’ll be able to see all the prices for buying and selling, withdrawing, and borrowing proper within the “Price” part of their web site. There are not any month-to-month account upkeep charges or inactivity charges. Properly, you solely pay once you really do one thing on the positioning, and that’s the way it ought to be.
You ought to be cautious when utilizing third-party providers to purchase crypto with fiat cash. You see, companions like Simplex or MoonPay have their very own charges, and they could be a bit excessive. These should not CoinEx charges, however they’re a part of the full value of getting your cash onto the platform.
CoinEx Assessment: Key Options and Extra
The highest options of CoinEx are spot buying and selling, 100x leverage futures buying and selling, copy buying and selling, margin buying and selling, staking, financial savings, and a user-friendly cellular app.
1. CoinEx Spot Buying and selling
Spot buying and selling is essentially the most primary exercise on CoinEx. You’ll be able to place market orders to purchase or promote immediately on the present value, or restrict orders to set your required value. You will notice a really skilled chart powered by TradingView, and it has all the indications you want.
The interface is clear, and it doesn’t have any annoying pop-ups. You’ll be able to simply swap between totally different pairs and see the order e-book in real-time. It consists of candlestick charts, depth charts, order e-book information, and buying and selling historical past.
Now, there are over 1,300 cryptocurrencies supported, and you’ll commerce in a number of quote currencies, together with USDT, USDC, BTC, and CoinEx’s native token CET. CoinEx additionally provides on‑chain swap buying and selling. Principally, this lets you swap tokens from decentralized exchanges straight contained in the interface.
2. CoinEx Futures Buying and selling
The CoinEx alternate gives perpetual futures buying and selling contracts on almost 200 markets with leverage as much as 100x. You’ll be able to select cross or remoted margin modes and modify leverage for every place.
The buying and selling display is just like spot however consists of extra controls like leverage sliders, threat indicators, funding price data, and revenue‑and‑loss monitoring. The system makes use of a “Mark Worth,” and it prevents unfair liquidations throughout sudden value spikes. Properly, it is a essential security characteristic, and it protects sincere merchants. It’s also possible to set Cease-Loss and Take-Revenue orders very simply to handle your threat. CoinEx additionally gives a demo buying and selling mode with digital USDT so you’ll be able to apply futures buying and selling methods with out threat.
3. CoinEx Copy Buying and selling
Copy buying and selling helps you to comply with skilled merchants and robotically mirror their positions. CoinEx hosts 1000’s of verified copy merchants with clear statistics, together with total revenue and loss, drawdown, win price, and follower depend. Now, as soon as you discover somebody you want, you’ll be able to set your account to robotically copy their trades. Principally, once they purchase, you purchase. Once they promote, you promote. You would not have to do something besides watch the outcomes.
It’s also possible to resolve how a lot capital to allocate, and you’ll cease copying at any time. Right here, revenue‑sharing agreements typically vary between 10% and 30% of your earnings, that are paid to the lead dealer. At the moment, copy buying and selling is just out there for futures markets.
4. CoinEx Margin Buying and selling
The margin buying and selling characteristic helps you to borrow funds from the alternate to extend your shopping for energy within the spot market. The utmost leverage you should utilize to borrow funds is 5x. Now, that is totally different from futures since you are literally holding the cash in your account. Additionally, you will should pay a small quantity of curiosity on the cash you borrow.
CoinEx robotically calculates curiosity on borrowed funds, after which it’s deducted out of your account each hour. You might want to be sure that to observe your margin stage; if it falls beneath the upkeep threshold, the platform will liquidate your positions to guard lenders.
5. CoinEx Incomes and Staking
CoinEx Earn consists of a number of methods to generate passive revenue; principally, you’ll be able to deposit cash and watch the yields accrue:
Versatile financial savings: You’ll be able to deposit supported cash and earn every day curiosity at variable charges. Yields on stablecoins like USDC and USDT have lately topped 14%, whereas BTC versatile financial savings yield round 11%. Right here, you’ll be able to redeem funds at any time.Mounted financial savings: This time, you need to lock your belongings for 30 or 90 days to obtain larger yields. Plans can be found for USDC, USDT, ETH, and BTC with annualized returns between 2% and seven%.Staking: CoinEx helps staking on cash like Solana (APY round 4.73%) and Polkadot (8.51%). Plus, CET staking has no service price. Additionally, staked belongings could also be locked for a interval, so test the product phrases.AMM liquidity mining: You’ll be able to contribute liquidity to automated market maker swimming pools and earn a share of buying and selling charges. Some swimming pools provide yields between 6% and 15%.Crypto loans: Right here, you’ll be able to borrow stablecoins like USDT or USDC utilizing crypto as collateral, and every day curiosity begins round 0.10%.Mining and airdrop packages: CoinEx often provides excessive‑APY mining by means of CET staking (lately over 187% APY) and airdrop duties that pay small rewards for finishing instructional actions.
6. CoinEx IOS and Android Cellular App
CoinEx cellular app is on the market for each iOS and Android. You’ll be able to obtain it straight from the Apple App Retailer or Google Play Retailer. The app has a 4.5+ ranking as a result of it is extremely secure and has virtually all of the options of the web site. You’ll be able to commerce, deposit, and withdraw cash. The app even has a “Safety” part the place you’ll be able to handle your 2FA and login historical past.
The interface is optimized for small screens, so the buttons are simple to faucet and the charts are clear. You’ll be able to arrange Worth Alerts, and your cellphone vibrates when a coin reaches a sure value. That is actually helpful, so you don’t miss out on huge strikes. Really, many individuals want utilizing the app over the web site, and so they discover it feels extra fashionable and quicker.
The CoinEx app additionally helps fingerprint or face ID login and contains a built-in pockets that may connect with exterior decentralized apps through the CoinEx Pockets.
Find out how to Open an Account and Begin Buying and selling on CoinEx?
Step 1: You might want to create your CoinEx account by visiting the official web site and clicking “Signal Up”. First, you sort in your e mail and a powerful password. The system sends a verification code to your e mail. You have to enter that code to complete the method.
Step 2: The platform provides a number of layers of safety in your funds. It’s best to allow 2FA utilizing an authenticator app instantly. It’s best to set a withdrawal password and an anti-phishing code, too. Really, you’ll be able to whitelist trusted addresses if you would like additional safety.
Step 3: Now, click on “Belongings” and select the “Deposit” button to start out. Simply decide your coin and duplicate the offered deal with. You’ll be able to switch the funds out of your private pockets to this deal with. The cash exhibits up as soon as the transaction confirms on the community.
Step 4: The buying and selling occurs within the “Markets” or “Spot” part of the positioning. You decide your pair and set a restrict or market order. You simply test the main points and click on Purchase or Promote. The method could be very easy and quick for everybody.
How Do I Withdraw From CoinEx?
To withdraw from CoinEx, comply with these steps:
Log in and go to “Belongings.”Click on “Withdraw.”Choose the cryptocurrency you wish to withdraw.Enter your vacation spot deal with and select the right community (e.g., ERC‑20, TRC‑20, BEP‑20). Additionally, you need to be sure that the vacation spot pockets helps the chosen community.Now, enter the quantity to withdraw, and the system will show the relevant community price.Enter your withdrawal password and 2FA code.Assessment all particulars and click on “Withdraw.”Affirm by e mail if required. CoinEx sends a affirmation e mail for safety functions. You’ll have to open the e-mail and click on the verification hyperlink.Now, you need to anticipate blockchain confirmations. Usually, withdrawal occasions differ from a couple of minutes to an hour or extra, relying on community congestion.
Find out how to Deposit on CoinEx?
To deposit on CoinEx, comply with these steps:
Navigate to “Belongings, after which Deposit.”Choose the cryptocurrency you want to deposit, assessment the supported networks, and select the community from which you’re sending.You might want to copy the deposit deal with or scan the QR code, after which double‑test the deal with to keep away from errors.Ship the funds out of your private pockets or one other alternate. The deposit will likely be credited after the required variety of blockchain confirmations, normally inside minutes for quick networks like TRON or Solana.Additionally, for fiat deposits, click on “Purchase Crypto” and choose a CoinEx fee associate (Simplex, MoonPay, Banxa, PayPal, and many others.). Enter the quantity, comply with the on‑display prompts, and full the acquisition. You will notice that charges are included within the quoted value.It’s also possible to use the P2P market to deposit native foreign money through financial institution switch, e‑pockets, or money deposit. Right here, you need to select a trusted vendor with good rankings, comply with the escrow directions, and launch funds solely after the vendor has confirmed the commerce.
CoinEx Trade Assessment: Buyer Assist and Consumer Suggestions
CoinEx provides 24/7 buyer help, so you’ll be able to at all times attain somebody by means of stay chat and e mail. You’ll be able to entry help through the Assist Middle on the web site or cellular app. The crew helps a number of languages, together with English, Chinese language, Russian, Japanese, and Spanish. Now, to hurry up decision, you could present detailed data comparable to your account UID, order ID, transaction hash, and the time of the problem.
The person suggestions for the platform is usually constructive, and it highlights the wide selection of cash and the straightforward app. Many merchants on websites like Trustpilot or Reddit say they love the “No KYC” choice. Really, folks typically advocate it as one of the best various for merchants who can’t use Binance or Coinbase.
Conclusion: Is CoinEx Secure and Legit to Use?
To sum up our CoinEx assessment, it’s a secure and bonafide platform for cryptocurrency buying and selling for many world customers. It has a protracted historical past of serving hundreds of thousands of consumers, and it has confirmed that it might probably deal with safety challenges responsibly. The 100% reserve coverage and the Merkle Tree audits are robust indicators that your cash is definitely there. So, this is among the finest selections you can also make if you happen to stay in a supported nation and wish entry to over 1,300 cash.
But CoinEx shouldn’t be good. The alternate lacks complete regulation and is banned in the USA, Canada, and Mainland China. Properly, the truth that they don’t pressure KYC for small merchants is a large profit for privacy-minded folks. Anyway, you need to now have all the information you could resolve if the platform is best for you. So, use this CoinEx assessment as a information, have in mind your location, threat tolerance, and objectives, and keep in mind that cryptocurrency buying and selling includes threat.
