RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

CoinEx

CoinEx Exchange Review

Centralized

CoinEx Overview

  • Launched in Hong Kong and registered in the United Kingdom, CoinEx has been up and running since December 2017. An exchange review reveals that the company behind this exchange is ViaBTC, a Chinese mining pool that was shut down in late 2017, though this information is not explicitly stated by CoinEx. CoinEx raises suspicions due to its links to ViaBTC, as it is seen as a way for ViaBTC to continue operating after it was shut down due to Chinese regulations on cryptocurrency. CoinEx prides itself on the exchange’s high speed, low cost, user-friendly interface, and high security.

    CoinEx supports a large number of cryptocurrency tokens as well as altcoins. CoinEx has different fees for “takers” and “makers”. The trading fees for takers are 0.15%, which is slightly below the global average. However, it is important to note that most competitive exchange platforms charge trading fees between 0.15% and 0.10%. This puts CoinEx up there with the competitive exchange platforms. Makers receive a trading fee of 0.05%. There is a withdrawal fee of 0.0015 BTC, which is around the global industry average.

    Fiat-crypto trading is allowed on CoinEx. Deposits can be made through bank transfers, however, credit cards are not accepted. This makes CoinEx and entry-level exchange, meaning it is easy and practical for new cryptocurrency investors to use. CoinEx is designed in a way that enables the platform to process thousands of transactions in a second, allowing it to have the speed that is higher than average. The exchange uses advanced SSL protocols as well as multi-signature wallets and two-factor authentication (2FA) system in order to provide enhanced security.

    CoinEx accepts users from all around the globe, as its website welcomes you with the phrase “Global Market Oriented”. Their website offers multiple interface languages, as well as a mobile app for those who prefer to trade on the go. This renders CoinEx quite user-friendly, as the team behind it had aimed it to be. The website is designed in an appealing and simple manner, enough for the average user to be able to navigate it with ease.

    CoinEx can abbreviate its title and refer to itself as “CEX”. An exchange review reveals that this creates problems due to the fact that there already exists a major exchange platform named CEX, under the domain on CEX.io. This can cause users to become confused and sign up for the wrong platform when they intended to register for the other.

    CoinEx Exchange Review, Trading Fees, Deposit and Markets

    • 24h Trading Volume

      36472.098 BTC

      • CoinEx Total Trading Pairs

        171

        • CoinEx Margin Trading

          No

          • CoinEx Deposit fees

            Free

            • CoinEx Fiat Deposit

              None

              • Accepted Payment Method

                None

                • CoinEx Native token

                  Yes

                  • Native token smart contract

                    N/A

                    • CoinEx Trading Markets
                      • CoinEx Stablecoins trading

                        CoinEx Withdrawals

                        • Daily Withdrawal Limit

                          depends on Verification

                          • CoinEx Withdraw fees

                            BTC – 0.0001 BTC

                            BCH – Free

                            ETH – 0.01 ETH

                            • CoinEx Withdraw fees discount

                              N/A

                              • Proof of Reserves

                                N/A

                                CoinEx Exchange Rating Analysis

                                Last edit 18.07.2019

                                • CoinEx is a Hong Kong-based exchange. Although the website is well-developed and the trading fees are quite low, the exchange only supports crypto-to-crypto trading. Apart from the nice website, the team behind it is quite hard to track, with a CEO who has allegedly been arrested. Shortly after the alleged arrest, he disappeared and some CoinEx users reported problems withdrawing from their accounts, with some withdrawals taking up to 24h to be received. Furthermore, the number of supported coins is quite low, along with the exchange’s volume. Overall quite a risky exchange to trade on given the CEO’s doubtful past and the user’s problems with the platform.

                                  CoinEx Exchange Additional Information