CoinEx Review

CoinEx Review

Daniel Chan

July 8, 2022

Cryptocurrency

What is CoinEx?

CoinEx is a global cryptocurrency exchange that was established in 2017 with the core goal of better serving crypto users. CoinEx’s team includes experienced developers and finance and blockchain industry experts. The platform offers around 500 markets for their users to trade in, with an average trading volume of over $700M. CoinEx also has a fast and advanced trading interface where users can efficiently execute their trades and play with the features.

As CoinEx is a global crypto exchange, they offer their services worldwide, and the platform is even available in 15 different languages for users’ convenience. You can easily purchase a variety of crypto assets with different fiat currencies. Thanks to CoinEx’s partnerships with different payment merchants, the exchange has tons of payment options available to their users. CoinEx also features a really simple and beginner-friendly UI, allowing users to quickly sign up on the platform and start using their services. With only your email address, you can register on CoinEx and access their trading and buying options within seconds.

  • Web Address: www.coinex.com
  • Main Location: Hong Kong
  • Cryptocurrencies: BTC, ETH, ADA, SOL, SHIB, DOGE, and 500+ more
  • Fiat Currencies: USD, EUR, GBP, AUD, AED, and many more
  • Mobile App: Available for Android and iOS devices
  • Payment Methods: Bank transfers, SEPA, credit/debit cards, Cryptocurrency
  • Deposit Fees: Crypto: free, Fiat: third-party payment merchants charge a fee for crypto purchases
  • Trading Fees:   0.2% for takers and makers
  • Withdrawal fees:  Varies depending on the asset

My Overall Thoughts on CoinEx

In this day and age, crypto platforms are a dime a dozen, but CoinEx stands out as a one-stop crypto exchange offering all the things a trader or investor could want, starting with a great variety of cryptocurrencies. You can trade over 500 assets on the platform. With futures, you can multiply your trades and earn more.

CoinEx’s partnership with several payment merchants allows them to offer their users a variety of payment methods. You can also swap or exchange your assets with a single click without paying any fees. But there’s even more to CoinEx than all that:

1) Fast, advanced trading interface: Trading is definitely one of CoinEx’s major focuses, and traders won’t have much to complain about here. Their trading interface is fast and efficient and comes with a lot of features and customizations that make it extra attractive to skilled traders. You can customize the whole interface to your liking, check out the depth view, compare, replace, and much more.

2) Stake mining: CoinEx’s stake mining feature allows investors to lock particular assets and claim crypto rewards in return. With this feature, users can expand their portfolio and get rewards that can add up in the end. CoinEx also offers a lot of choices when it comes to mining, and you can go with the plan that works best for you.

3) 500+ crypto assetsWith CoinEx, you can trade over 500 cryptocurrencies and expand your trading portfolio as much as you want. A bigger crypto inventory allows traders to explore limitless opportunities.

Customer support at CoinEx, however, is lacking. 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.

Key Features and Advantages of CoinEx

CoinEx is a tremendously simple, yet professional, cryptocurrency exchange that doesn’t compromise on the features that everyday traders and crypto buyers need. With 500 tradable assets and also futures, CoinEx traders have more than enough options to work with. You can pick any asset, explore its chart, evaluate your position, and trade. Likewise, the platform has provided countless options and payment methods for purchasing crypto. There’s even a quick swapping option available for those who want to exchange one asset for another without dealing with complicated charts. 

You can check below to see a complete list of the key features and advantages of CoinEx.

Negatives and Disadvantages of CoinEx

There are a lot of extraordinary things to appreciate about CoinEx, but the platform also has some cons that can compromise your experience on the exchange. The following are the disadvantages of CoinEx that you should consider when registering on the platform:

What Services Does CoinEx Offer?

CoinEx has attracted thousands of traders and investors to their crypto exchange, with trading as their major highlight. Options like quick crypto purchases and easy swaps make the site even better for users, as do the 500+ assets they have available to trade. 

The beginner-friendly interface, option to mine, CoinEx Dock, and premium affiliate rewards are a few more of the perks of trading and investing with CoinEx. You can continue reading below to understand what services CoinEx offers.

Buy crypto with fiat assets: Users can purchase different cryptocurrencies on CoinEx with their fiat assets. CoinEx supports a range of fiat currencies, such as USD, EUR, and GBP that users can choose and pay with accordingly.

Thanks to CoinEx’s collaboration with various third-party merchants, the platform also offers tons of payment options when buying crypto assets. As of now, CoinEx supports direct crypto purchases of USDT, USDC, BTC, and ETH. You can easily pay with a credit or debit card, bank transfer, or SEPA.

Instant and safe crypto swaps: As CoinEx supports direct crypto purchases of BTC, ETH, USDC, and USDT only, they have created a separate section for swapping out your assets, which makes it easier for users to exchange their cryptocurrencies instantly.

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 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.

500+ cryptocurrencies available: There are more than 500 cryptocurrencies available for trading at CoinEx, including most of the popular assets with high market caps and high daily trading volumes.

Users get the chance to explore countless crypto markets and diversify their trading portfolio, thereby dividing their risk.

CoinEx has even divided their markets section into multiple categories so that customers can trade the assets they understand the best. There are AMM assets, margin assets, meme coins, NFTs, and other types of categories that you can explore and start trading.

Android and iOS mobile apps: CoinEx offers professional, advanced, and fast crypto trading applications to give their mobile users a portable experience. The CoinEx app allows users to trade, purchase cryptocurrencies, evaluate different markets, manage their portfolios, and do much more right from one place, whenever and wherever they want. With all the advanced features available, your trading experience won’t be compromised on mobile—you can have a full-fledged trading or investing experience.

Users can download the CoinEx apps on their iOS and Android phones from their respective app stores. CoinEx also offers the option to download the APK file, for Android users who want to install the app directly.

Futures and spot trading markets: The spot market is the most common market when it comes to crypto trading, and CoinEx has integrated it to meet most crypto traders’ needs. But they’ve also added the futures market, which comes with its own risks but the possibility of higher returns.

Having two different options to trade in allows for advanced trading strategies. Rather than trading in the slow spot market, professional users can multiply their winning trades by opting for futures. CoinEx even offers up to 100 times leverage on some of the pairs available in the futures section.

Whether you’re a day trader who loves to trade quickly or a long-term trader who doesn’t mind waiting for the market movements, you’ll be served well on this platform.

Fast, professional trading interface: CoinEx probably has one of the fastest trading interfaces available, allowing users to trade in real time without any type of delays. The whole interface loads within a second (depending, of course, on your internet and hardware).

The interface includes a lot of features, functions, and options that would benefit professional and advanced traders. With the trading layout, for example, users can replace the candle bars and opt for any other style they would like. CoinEx also provides depth charts of all the markets available, along with the option to enhance the appearance of the layout. Users can also enter the full-screen mode, select different time spans, draw, add text, and do much more.

Unlike on the trading interfaces of many other crypto platforms, with CoinEx, you won’t have to compromise your professional standards.

Access new crypto projects with Dock: CoinEx Dock is a section of the platform that primarily focuses on new projects that have the potential to grow and prosper in the future. CoinEx also accepts applications from developers to list their new projects on the platform and be advertised on CoinEx Dock.

Getting early access to brand-new but potentially great projects allows investors to put their money in during the initial phases with the hope of skyrocketing their investments in the future. CoinEx only lists projects with unique visions and high-quality development.

Rather than investing your whole equity in a popular asset, you can take a little risk and invest your money in new projects, too. Who knows, the new project may gain attention from the crypto community and that investment could really pay off.

Earn passive income through mining: CoinEx mostly focuses on stake mining, where users have to lock their assets for a specific period, and in return, they’re awarded particular assets.

There are a lot of stake mining plans available at CoinEx for investors to choose from. The section even offers MM mining, trade-driven mining, and ask & bid mining, and you can get rewards from each of them depending on the plan you have chosen. 

CoinEx’s mining system is one way to create a separate income stream. You can simply let your idle assets work for you and earn money while you sit back and relax.

User-friendly interface: CoinEx has a really simple and beginner-friendly interface where you can explore each and every feature without getting confused. Users can register on the platform within seconds thanks to CoinEx’s fast and efficient sign-up process and start their journey on the platform right away.

If you’re new to the crypto industry, no worries. You can simply purchase crypto assets with quick payment methods, swap your cryptocurrencies, or invest them through mining. Aside from the professional trading features, the platform has simplified everything for its users.

Earn up to 40% trading fee with referrals: CoinEx offers a 15% trading fee to affiliate partners, and you can earn up to a 40% trading fee if you fulfill additional requirements. CoinEx has set no cap on the number of people you can bring on the platform or the amount you can earn.

If you’re ambitious and have a large network of friends and associates interested in getting into crypto, the CoinEx affiliate program can be a great way to earn a little side income.

Things I Don't Like About CoinEx

While CoinEx has a lot going for it, there’s no denying it has some downsides too. The following are the things that I don’t like about CoinEx - you can take a look and see if any of them are deal breakers for you.

No live chat support: Every business, agency, or entity runs because of its customers, and if the customers are not satisfied, the business will struggle to succeed. CoinEx may have a customer satisfaction problem on its hands, as it hasn’t provided an easy, adequate way for customers to resolve their issues. Without live chat support, customers are stuck emailing or filling out a form and waiting several hours for help with their problem. Not only are these methods slow, but the back-and-forth can be very frustrating.

Expensive direct crypto purchases: CoinEx definitely has the best variety when it comes to payment methods for buying cryptocurrencies directly. But the other side of the story is that they have partnered up with a lot of third-party payment merchants to provide those methods. CoinEx does not have its own payment system, and customers end up paying the price for it.

On every single transaction, no matter what payment method you have chosen, you’ll pay a variable fee ranging between 2% and 8%. The only way to avoid it is by depositing crypto into your CoinEx account with your crypto wallet.

CoinEx Fees

CoinEx Deposit Fees

All types of crypto deposits are free on CoinEx except for a few tokens like BABYDOGE and KISHU, which are considered deflationary tokens. 

As for direct crypto purchases, each merchant charges its own specified fee for every transaction you make on the platform. 

CoinEx Trading Fees

The spot trading fee at CoinEx starts at 0.2% for makers and takers both. Traders can bring the fee down dramatically depending on the account level they have. You can take a look at the chart below for more info:

To get a ranking, your last month’s trading volume should be equal to or more than $5M. CoinEx also has a separate fee structure for futures trading, and you can take a look at their fee page to get an idea of those fees.

CoinEx Fiat Withdrawal Fee

Fiat withdrawals are not supported on CoinEx. But users can sell their crypto assets for fiat currencies through third-party payment merchants by paying a variable fee and receive their fiat assets in their bank accounts. 

CoinEx Crypto Withdrawal Fee

Each crypto has its own withdrawal fee that users have to pay when withdrawing cryptocurrencies from their CoinEx accounts. Some assets, like BCH, are free to withdraw, but most assets have a fixed fee that users have to pay.

Pros and Cons of CoinEx

Pros
  • Instant crypto purchases and swaps
  • Futures and spot markets available
  • Fast, advanced trading interface
  • 500+ cryptocurrencies available
  • Earn with mining and affiliate program
Cons
  • Not the best customer support
  • High fees due to third-party payment merchants

The Verdict

A beginner-friendly platform, a massive variety of crypto assets, easy cryptocurrency purchases, tons of mining opportunities, and an advanced and efficient trading interface. These are just a few of the things that CoinEx offers its users. Besides that, CoinEx is a global crypto platform that is available in more than 200 jurisdictions and offers one-step crypto investment and trading features.

If you’re a beginner or even an advanced crypto user, you’ll find CoinEx’s services to be above the current industry standard, their lack of customer support and high transaction fees notwithstanding.

If you are looking for other options in the US, you can read our article on the best cryptocurrency exchanges in the USA. There is also a quick comparison table below to help you with your decision.

Comparison Table of the Best Crypto Exchanges in the USA

eToro
Pionex
Coinmama
Gemini
Uphold
Crypto.com
Crypto Exchange
Crypto Exchange
eToro
Pionex
Coinmama
Gemini
Uphold
Crypto.com
Fiat Currencies
Fiat Currencies
USD
USD, TWD
USD, EUR, AUD, CAD, GBP, JPY
USD, AUD, CAD, EUR, GBP, SGD, HKD
USD, GBP, EUR, CHF, AUD, JPY & 21 more
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY & 10+ more
Cryptocurrencies
Cryptocurrencies
BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA & 75 more
BTC, ETH, LTC, SOL, DOT, TRX & 120+ more
BTC, ETH, ETC, UNI, LINK, LTC, BCH, DOGE, MATIC, EOS, AAVE, COMP, OMG, YFI, WBTC
BTC, ETH, BCH, DOGE & 90+ more
BTC, ETH, ADA, DOGE, COMP, DOT & 125+ more
BTC, ETH, LTC, XRP, CRO, ADA, DOT, SOL, DOGE & 250+ more
Deposit Methods
Deposit Methods
PayPal, Debit card, Credit card, Wire transfer, Online banking
Credit card, Cryptocurrency
Credit card, Debit card, Fedwire, Apple Pay, Google Pay
Bank transfer (ACH), Debit card, Wire Transfer, Cryptocurrency
Bank Transfer (ACH), Bank Transfer (SEPA), Debit/Credit Card, Wire Transfer, Faster Payments Service, SWIFT, Cryptocurrency
Bank Transfer (ACH), BPAY, SEPA, Credit/Debit card, PayPal, TransferWise, Fedwire, SWIFT, Cryptocurrency
Trading Fees
Trading Fees
1%
0.05%
2.93% - 3.90% (depending on loyalty level)
From 0.25% (maker) and 0.35% (taker)
Fees included in the spread
Exchange: from 0.4%, App: Free (included in spread)

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. "Virtual currencies are highly volatile. Your capital is at risk."

Frequently Asked Questions

 Can users from the US access CoinEx?

Yes, CoinEx supports users from all major regions, including the US, UK, Australia, Canada, and most of Europe. You can simply sign up to get started on the platform.

Is CoinEx secure and safe?

CoinEx is one of the most secure cryptocurrency exchanges due to their full-dimensional security. You can rest assured that your assets and personal info are in good hands.

What cryptocurrencies are available on CoinEx?

CoinEx offers more than 500 crypto assets to their users to trade and buy. Those crypto assets include BTC, ETH, SHIB, DOGE, XRP, and many more popular names.

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

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