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To choose the best exchange for crypto, you’ll need to decide which crypto features matter most to you. Yes, CoinEx supports users from all major regions, including the US, UK, Australia, Canada, and most of Europe. CoinEx has developed an algorithm that ensures that all the swaps are safe and secured. With the simple swapping interface, anyone can exchange their assets without any restrictions. The platform offers neither a live-chat option nor a phone number to get in touch with them instantly. CoinEx needs to work on this feature to claim a reliable support system for their users.

1. It is important to note that Coinex only allows cryptocurrency deposits, so users cannot deposit any fiat currencies directly into their exchange account.
2. Likewise, the platform has provided countless options and payment methods for purchasing crypto.
3. Coinex is available in most countries around the world with the exceptions being the United States, China, and Canada.
4. CoinEx also offers the option to download the APK file, for Android users who want to install the app directly.
5. Instead, you can access smart trading tools, margin trading support with decent leverage, crypto-swapping support, and other features.

As for restrictions, CoinEx doesn’t offer services to U.S. customers. A one-stop blockchain asset platform with user-friendly features and convenient transactions. At this platform, you can deposit fiat currency through debit cards, but not via wire transfer. Crypto purchases via card payment are enabled via the platform’s integration with Simplex.

However, the low rating (3.5 out of 5) can be attributed to the latest cyber attack experienced by the platform. Deposits and withdrawals are usually instantaneous, barring a few instances when the mainnet is experiencing congestion. Unlike other exchanges with elaborate login steps, CoinEx quickly takes you to the profile page.

In 2023, CoinEx experienced a cyber attack, or rather a hot wallet hack worth $70 million. However, CoinEx confirmed that only its reserve assets were targeted, and user funds weren’t compromised. Despite their claims, this service fails in smooth payments and asset management. Explore more reliable platforms like Assurity Secure ensuring seamless transactions and superior asset handling, offering better performance than the this service. However, because I had logged in from a NYC hotel one time, they sent me a notice that I had to delete my account because NYC is not a supported area.

These services have been architectured well into a hassle-free ecosystem for trading any coin. These services and products can be paid for by either digital assets or dozens of fiat currencies that the exchange supports. Each of these products charges corresponding fees from the users, although some of the processes are free of charge on the platform. It offers a range of trading options, including spot trading, margin trading, and futures trading, and also supports trading via mobile apps.

CoinEx was founded in late 2017 and is headquartered in Hong Kong. Within a few short years, the exchange has grown to handle around $200 million in daily volume across its markets. CoinEx strives to keep fees and requirements low in order to appeal to both beginner and experienced traders. The exchange also issues its own token, called CET, which can be used to lower trading fees. CoinEx’s spot trading fees are initially 0.2% while margin trading fees are 0.1%. I say initially since you can increase your “VIP” level, or in other words, you can hold more CET coins and your fees will be lower.

Things I Don’t Like About CoinEx

The CoinEx trading platform lets you spot trade crypto assets courtesy of a detailed interface. While you can use your own funds to trade assets, CoinEx margin trading also finds a place, offering leverage between three to 10x, https://cryptolisting.org/ depending on the asset you plan to trade. CoinEx is a crypto exchange that can be accessed from most geographic regions and offers a fluid, seamless & friendly platform for individuals to do the largest asset exchange.

Does CoinEx require KYC?

CoinEx only lists projects with unique visions and high-quality development. The instant swapping option benefits beginners and amateurs the most, as they won’t have to face the complexities of professional trading to use this feature. They can simply access the swap section, select which asset they have, and select which asset they want to get in return, and the transaction gets completed within a second. CoinEx has implemented a variety of security measures on its various platforms. As previously mentioned, the signup process is simple and logically laid out.

CoinEx Deposit and Withdrawal Method

Of course, you have to go through the registration process first (will be explained later in the article). In line with the Trust Project guidelines, the educational content on this website is offered in good faith and for general information purposes only. BeInCrypto prioritizes providing high-quality information, taking the time to research and create informative content for readers. While partners may reward the company with commissions for placements in articles, these commissions do not influence the unbiased, honest, and helpful content creation process. Any action taken by the reader based on this information is strictly at their own risk.

Terrible customer service

With a highly capable ecosystem of digital platforms and services, CoinEx stands as one of the giants in the domain of cryptocurrency trades. ViaWallet is one of the products released by CoinEx to offer a built-in system for all user requirements. ViaWallet is a multi-currency digital wallet that has been built with a similar interface as the CoinEx exchange and engineered to some of the highest safety standards. The wallet also has dedicated applications for mobile devices (ex iPhone). ViaWallet supports more than 30 coins and over a million tokens based on BTC and ETH blockchains. ViaWallet can be contacted if any registered coins are added to the valet through their contact form.

While US residents can access and trade on CoinEx, the exchange does not actively target or market to those in America presently due to regulatory complexity. CoinEx maintains it does not intentionally serve American customers. The exchange has an international user base, but certain limitations apply based on user location, like for those residing in the United States. While support quality can be an issue, CoinEx provides 24/7 access to live chat, email support and an active help center. Response times to tickets could stand to improve but the exchange aims for responses within 3-5 days currently. All content on CaptainAltcoin is provided solely for informational purposes.

It is not an offer to buy or sell any security, product, service or investment. CaptainAltcoin.com does not offer any sort of financial or investment advice. Please make sure to do your own research, make educated financial decisions and what is coinex consult your Financial Advisor. CoinEx supports more than 60 fiat currencies such as USD, EUR, AUD, RUB, JPY, KRW, and many others. The token was mentioned multiple times in this article since you can decrease your fees if you hold it.

The exchange is tailored towards beginners and offers easy-to-follow tutorials via their newbie zone. Their user experience is quite good, although liquidity is not in the top 20, with daily trading volumes ranging between $25-$75 million. Withdrawal fees on CoinEx range from $1 up to roughly $20 or more, depending on the cryptocurrency being withdrawn. Specific on-chain token withdrawal costs are clearly listed on the exchange’s withdrawal page. CoinEx provides adequate liquidity and features to be a usable exchange for the average investor or trader. Few serious complaints exist about the exchange’s matching engines or trade executions.