Hello guys! Today, we’re exploring the CoinEx’s, a new and innovative crypto exchange that is taking the crypto world by storm.
CoinEx provides its clients with advanced tools and features such as spot and margin trading along with access to more than 600 cryptocurrencies.
It doesn’t come as a surprise that CoinEx is trusted by millions across the world, given its low fees, strong security, and easy to use interface.
In this article, we will cover all critical dimensions of CoinEx and its state of the art tools, so that you can determine if this is the right platform for you. Without any further ado, let’s dive in!
Introduction
CoinEx is a global cryptocurrency exchange designed to simplify crypto trading. Offering services in 15 languages, it provides a wide variety of trading options, including spot, futures, and margin trading, as well as AMM and crypto finance solutions. Serving over 4 million users across more than 200 countries, CoinEx is known for its easy-to-use, secure, and reliable platform.
The exchange supports more than 600 cryptocurrencies, with dedicated sections for Bitcoin and stablecoins. With a track record of zero incidents, CoinEx has gained the trust of users thanks to its efficient performance, seamless transactions, and focus on customer satisfaction.
In 2022, CoinEx introduced the “Merkle Tree” audit for Proof of Reserve, becoming one of the first exchanges to disclose this transparency measure. With a 100% reserve ratio, CoinEx prioritizes security and ensures that user funds are never misused, while withdrawals are processed promptly.
Know Quick Details About CoinEx
| Feature | Details |
|---|---|
| Languages Supported | 15 languages |
| Trading Options | Spot trading, Futures trading, Margin trading, AMM, Crypto finance |
| Cryptos Supported | Over 600 cryptocurrencies, including BTC and stablecoins |
| User Base | Over 4 million users worldwide |
| Countries & Regions | Available in over 200 countries and regions |
| Security | 100% reserve ratio, Merkle Tree audit method for Proof of Reserve |
| Transaction Speed | Fast and stable deposits and withdrawals |
| Transparency | Regularly publishes Proof of Reserve |
| Platform Usability | User-friendly interface, secure, and reliable services |
| Customer Support | Available in multiple languages for global support |
Some Popular Token Available On This Exchange
| Token Symbol | Token Name | Category | Key Use Case | Blockchain |
|---|---|---|---|---|
| BTC | Bitcoin | Cryptocurrency | Digital currency for payments and store of value | Bitcoin |
| ETH | Ethereum | Smart Contract Platform | Smart contracts and decentralized applications | Ethereum |
| USDT | Tether | Stablecoin | Pegged to USD for stable value in crypto markets | Ethereum, Tron, others |
| XRP | XRP | Cryptocurrency | Fast, low-cost cross-border payments | XRP Ledger |
| LTC | Litecoin | Cryptocurrency | Peer-to-peer payments, faster than Bitcoin | Litecoin |
| BCH | Bitcoin Cash | Cryptocurrency | Peer-to-peer payments with faster block times | Bitcoin Cash |
| DOT | Polkadot | Blockchain Platform | Interoperability between blockchains | Polkadot |
| ADA | Cardano | Smart Contract Platform | Smart contracts and decentralized applications | Cardano |
Trading Fees on CoinEx
CoinEx has a basic trading fee of 0.2% which increases to 0.1% for margin trading. The fees can be made more affordable if the user increases their CET token balance to gain VIP status.
Overall, these fees are lower than what many competing exchasnges offer. The table below provides a complete view of the fee structure for every level of VIP status.
Futures Trading Fees
CoinEx deposits & withdrawals
CoinEx doesn’t accept fiat deposits directly, but services like Simplex, XanPool, Mercuryo, Paxful, Moonpay, and AdvCash can be used for fiat transactions. As for the minimum deposit, it changes according to the specific fiat currency.
In addition, you may deposit cryptocurrency directly into CoinEx. Exits are the same; however, you can only withdraw in crypto, but Mercuryo and other providers will help you convert it to fiat.
Fees
CoinEx makes it quite easy for clients, as no form of payment is charged on deposits. There is, however, a catch: clients must pay blockchain network fees for withdrawals, with each coin type charged differently like other exchanges.
For example, BTC withdrawal fees cost 0.0001 BTC, ETH withdrawal fees of 0.009 ETH, in addition, the fees for USDT and USDC sound stable, where mainnet selection uses a range of 0.01~80+.
In a general perspective, the stable fee structure is appealing and as with all exchanges, it is set lower than the average industry portion. There is also a payment of about a dollar whenever one decides to deposit.
How to Start Trading on CoinEx
Create an Account
You should first proceed to website CoinEx where you will provide all the necessary information which includes your email and setting a stable password. You will receive an email which you should click to verify and activate your account.
Enable Security Features
Protect your account from unauthorized access by enabling two-factor authentication (2FA) for your account.
Deposit Funds
To add funds to your account, you must either have cryptocurrency to deposit or use a third-party service to deposit conventional money. Ensure you meet the minimum deposit requirements.
Choose a Trading Pair
After funding your CoinEx, visit the trading section and choose a preferred trading pair like ETH/USDT or BTC/USDT.
Place a Trade
Orders can grouped into Limit, Market, and Stop types which allow users to indicate the amount they want either to buy or sell. Accept the trade in order to complete the action.
Withdraw Profits
For those willing to withdraw funds, proceed to the withdraw section of your account. From there follow through the selection of fiat, or cryptocurrency of your choosing and the set of steps that follow.
CoinEx Services and Features
Different Methods of Trade Engagement
Primarily, CoinEx makes available spot trading, margin trading, futures trading, Automated Market Maker (AMM), and other crypto finance tools, allowing multiple avenues of participation in the cryptocurrency markets.
Competent Fee Structure
The trading fees are highly competitive, with a starting point of 0.2 % for spot trades and 0.1 % for margin relatives. More economical fee rates can be accessed through the VIP features when the CET tokens are held.
User Friendly
Users are able to trade 600 plus cryptocurrencies which cover all the most important coins such as BTC, ETH, stable coins, and even the latest altcoins.
Privacy With Easier Fund Access
CoinEx implements other strong security features like a Merkle Tree Proof of Reserve Method along with a 100% reserve ratio. This greatly increases the level of security customers’ funds receive.
Account Service Restrictions
Fiat deposits direct from accounts are not available, however third parties such as Simplex, Moonpay, and Mercuryo allow you to deposit fiat currencies.
Instant Account Funding
Crypto can be deposited and withdrawn with relative ease as converting crypto to fiat through third-party services is simple.
Mobile App
Users are able to trade even while on the go for maximum convenience thanks to the mobile app offered by CoinEx. This means users can manage their portfolios anywhere, anytime.
Here’s a table showing the supported countries and banned countries for CoinEx:
| ✅ Supported Countries | ❌ Banned Countries |
|---|---|
| ✅ United States (limited in some states) | ❌ Afghanistan |
| ✅ Canada | ❌ Iran |
| ✅ United Kingdom | ❌ North Korea |
| ✅ Australia | ❌ Syria |
| ✅ European Union (EU) | ❌ Crimea, Sevastopol, and Donetsk/Luhansk regions (Ukraine) |
| ✅ Brazil | ❌ Cuba |
| ✅ South Korea | ❌ Sudan |
| ✅ Singapore | ❌ Iraq |
| ✅ Japan | ❌ Yemen |
| ✅ Malaysia | ❌ Libya |
CoinEx PROS & CONS
| Pros | Cons |
|---|---|
| ✅ Wide range of trading options (spot, futures, margin, AMM) | ❌ No direct fiat deposit support |
| ✅ Over 600 cryptocurrencies available | ❌ Withdrawal fees vary by coin and network type |
| ✅ Low fees, with potential for further reductions through VIP levels | ❌ Limited customer support options in some regions |
| ✅ Strong security features (2FA, Proof of Reserve) | ❌ Third-party providers are required for fiat transactions |
| ✅ Easy-to-use interface and mobile app | ❌ Not all cryptocurrencies are supported for fiat withdrawal |
| ✅ Global access with support for over 200 countries | ❌ Limited advanced trading tools for experienced traders |
Is CoinEx Secure?
Yes, CoinEx can be considered as a secure platform. The platform has implemented two-factor authentication (2FA), encryption, and a sophisticated Proof of Reserve system which employs the Merkle Tree method.
CoinEx security transparency claims to have 100% asset reserves. CoinEx is one of the most trusted exchanges due to its reputation for growing user fund security.
It also has a zero-accident record, signifying that no major breaches have occurred. An industry standard cyber blanket cannot be claimed but, CoinEx efforts greatly improve the trading security of their users.
CoinEx Customer Support
CoinEx has a customer support system that assists users promptly when requested. They provide a comprehensive Help Center with FAQs, live chat for quick responses, email support for more sophisticated concerns, as well as various other support channels.
Furthermore, the platform maintains active social media accounts and community forum pages where users can ask questions and get assistance.
Response times may differ, particularly during high volume periods, even though the support team tries to address issues as quickly as possible. CoinEx has established a highly effective and fast support system to facilitate user satisfaction.
Conclusion
CoinEx is one of the best platforms for users looking for an easy to use yet reliable cryptocurrency exchange with margin, futures and spot trading features.
It is particularly popular among novice and pro investors alike due to its advanced security features, low fees, and the availability of more than 600 cryptocurrencies. Apart from the absence of direct fiat deposit services which third party providers can bridge, it is quite easy to fund your account.
Notably, CoinEx also stands out for putting customer security, transparency, and serving countries all around the world at the forefront of its business. More casual users might find that support response times are prolonged during busy hours.
In any case, CoinEx remains one of the most secure, flexible, and effective digital asset trading and management platforms on the market.
