What Is CoinFLEX?
CoinFLEX claims to be the home of crypto yield, where users can not only invest their cryptocurrencies but professionally trade them or purchase them through their fiat assets. CoinFLEX was established in 2019, and they have come a long way in improving and expanding their services and meeting the demands of the crypto industry. The platform is currently headquartered in Mahé, Seychelles. For investors, CoinFLEX has AMM+ markets where they can customize their investments and potentially earn more. You can also invest in flexUSD, a stablecoin that offers over 10% APY to investors.
CoinFLEX has paid over $50M in interest, indirectly pointing toward the number of investors and users on the platform who trust their services. When it comes to trading, CoinFLEX has several markets. You can simply trade spots or go with perpetual contracts, futures, repo, and spreads. CoinFLEX is also a very beginner-friendly platform where even newcomers can easily register within a minute and start investing or purchasing crypto assets.
My Overall Thoughts on CoinFLEX
CoinFLEX is a complete package that serves all types of crypto users and provides them with essential, advanced, efficient, and up-to-date features. Be it trading, investing, or purchasing, you can do it all on CoinFLEX. There are a number of trading markets you can check out, including the spot markets, futures, and spreads. The trading interface is in line with other crypto exchanges and comes with advanced integrations, proper insights, and the ability to customize. You can also purchase crypto assets on the platform with the help of a third-party payment merchant CoinFLEX has partnered with. If you want to invest your assets, options like AMM+ and flexUSD can provide stable returns with less risk.
Here’s what I consider the three best aspects of CoinFLEX:
1) Diversity in the trading markets: CoinFLEX hasn’t compromised even a bit in its trading markets. The platform offers spot trading markets, but you can also trade futures, perpetuals, spreads, and indices. Besides that, CoinFLEX also has a great variety of crypto assets, with over 40 tradable cryptocurrencies on the platform.
2) Investing with AMM+ and flexUSD: These two are investment options that CoinFLEX offers that can provide great returns if chosen wisely. With AMM+, users get to choose between different liquidity pools, or they can simply create their own to get started. FlexUSD is a stable asset that provides over 10% APY with very low risk.
3) FLEX token benefits: FLEX is CoinFLEX’s native token, and it offers several benefits to those who hold it. For starters, you get your trading fee reduced on CoinFLEX and can earn more through your affiliates. You can also stake your FLEX and get rewarded in FLEX, too, to let your idle assets work and earn.
Unfortunately, none of CoinFLEX’s services are available for US users. The direct crypto purchasing option is also disabled for a few other countries.
Key Features and Advantages of CoinFLEX
You can find a lot of investment opportunities on CoinFLEX that may pay off in the longer term. Features like AMM allow users to earn more and work less. You can also separately create your own AMM+ where you can take advantage of multiple collateral types and earn on every single trade. But the best things about CoinFLEX are that they don’t limit their focus to a specific type of crypto community and they have an impressive diversity in their trading section. As for simple crypto purchasing, CoinFLEX has partnered with a payment merchant to offer their users an efficient way to purchase crypto assets.
Read below to find out the key features and advantages of CoinFLEX:
Negatives and Disadvantages of CoinFLEX
Even with all the advantages of CoinFLEX, there are a few things that the platform needs to take care of in order to provide a seamless experience to their users:
What Services Does CoinFLEX Offer?
CoinFLEX offers a great range of crypto services for all types of traders and investors. While CoinFLEX might seem like an investing-focused cryptocurrency platform, they also have some great trading features. For investors, CoinFLEX includes options like stable returns through flexUSD or AMM+, where users can explore different investment opportunities and create their own plans. Or, if you’re just a casual buyer and don’t want to hassle yourself understanding other features of the platform, you can simply use the buy option and get your hands on the crypto assets you desire.
CoinFLEX comes with a very beginner-friendly interface with instant sign-up options. But you will have to go through the KYC verification process if you want to enjoy the full features of the platform. Continue reading below for an overview of CoinFLEX’s services:
Buy cryptocurrencies with fiat assets: CoinFLEX does not have its own payment system to facilitate their users purchasing cryptocurrencies, but they have partnered up with a third-party payment merchant for this purpose.
Thanks to their collaboration with MoonPay, you can easily purchase a variety of cryptocurrencies with your fiat assets. You can use several payment methods, like credit/debit cards or even bank transfers in some cases to process your transaction.
Great diversity in trading markets: CoinFLEX offers several markets for traders to explore. For starters, there is a spot market where you are provided with a list of different crypto pairs that you can trade in a simple and beginner-friendly way. If, however, you want to try out advanced trading functions, you can consider checking out futures, perpetuals, and spreads.
In short, CoinFLEX doesn’t limit their users when it comes to trading, and you can easily explore different trading markets, the features they come with, and the benefits they offer.
40+ cryptocurrencies available: CoinFLEX might not have the greatest list of available crypto assets on the platform, but they still have a good number of popular and high-potential crypto assets for their users to trade and invest in. Right now, there are more than 40 crypto assets available.
This variety allows traders and investors to diversify their crypto portfolios and find opportunities that could be beneficial for them. Instead of trading or investing the same assets again and again, you get the chance to evaluate different markets and find new potential.
CoinFLEX has many of the most popular assets, including BTC, ETH, USDT, BCH, XRP, BNB, LTC, and many more. You can head to the spot section or AMM section if you want to trade or invest in these crypto assets.
Android and iOS mobile apps: Mobile users can download CoinFLEX’s mobile application and trade, buy, and invest in cryptocurrencies wherever they want.
CoinFLEX offers all buying features, investment options, and the ability to trade more than 40 assets right from your mobile device. With the professional trading interface, you won’t have to compromise on the quality of your experience.
You can download CoinFLEX’s mobile apps on iOS and Android devices in their respective application stores.
Professional trading interface infused with tools: CoinFLEX has worked hard on making their trading interface professional and advanced. It includes a good number of features, tools, and customizable options that traders can use to enhance their trading experience.
First of all, you can quickly select any market or any pair right from the interface. Then you can customize the layout with the options available. CoinFLEX allows traders to select different time slots for evaluating the market data. You can also integrate different indicators on the chart for better insights. The casual features like drawing, scaling, zooming, and patterns are also readily accessible by everyone. You can also check the depth view of almost all the assets on the platform and have a look at the order book too. For the execution of trades, CoinFLEX has provided a whole panel on the right-hand side of the screen where you can place orders.
CoinFLEX truly doesn’t disappoint in this area.
Earn stable income with flexUSD: CoinFLEX has introduced a feature where investors can earn income by investing their money in a stable asset. Users can simply exchange USDC or any other asset for flexUSD and keep holding it to start earning a stable income for a longer term.
As of now, CoinFLEX offers an interest rate of 12% on flexUSD, which is good considering that the risk is very low due to the asset being stable. The interest is also calculated every 8 hours on your holding amount, and you can claim your earnings whenever you want. FlexUSD is fully claimable and can be redeemed with USDC whenever an investor wants.
This can be a great opportunity for those investors who don’t want to invest in risky assets but still want considerable returns. The best thing is that you’ll get rewarded wherever you hold your flexUSD, even if it’s in cold storage.
Create and invest in AMM+: You can create your own AMM (Automated Market Maker) on CoinFLEX or invest in any of the prebuilt AMMs to start getting great returns. CoinFLEX claims to offer the most capital-efficient automated market makers in which their users can invest.
CoinFLEX offers different liquidity pools consisting of two or more crypto assets. With the concept of AMM+, investors can even leverage their investments ten times and obtain a premium range of capital options. CoinFLEX also provides full control to their investors so that they can manage their AMMs and customize the deals as per their preferences. You can also create your own AMM+ with the available pairs and set your own price range.
Unlike other crypto exchanges or decentralized platforms, CoinFLEX provides countless investment options with the ability to create your own AMM and customize your investments as you like.
Beginner-friendly crypto exchange: The overall layout and interface of CoinFLEX are beginner friendly and don’t complicate things for new or amateur users. CoinFLEX has made sure to design its features in a way that would be understandable to everyone. Each feature is available separately, so users can choose to engage with only the options they really want to use.
Additionally, CoinFLEX provides guided content that their users can check out to learn the crucial concepts about trading, investing, AMMs, and much more.
Hold FLEX and claim benefits: FLEX is CoinFLEX’s native token, and it offers several benefits to its holders. FLEX has a total supply of 100 million tokens, and the token also has a burn mechanism, making it possible for the price of the asset to increase rapidly.
If you hold FLEX, you’ll pay smaller trading fees than usual. Not only that, but CoinFLEX offers a higher referral payout to their holders, along with the option to trade futures using FLEX. You can also stake FLEX on the platform to earn FLEX rewards and gain profits.
By investing just a small chunk of your assets in FLEX, you can get great benefits that help you earn more and spend less.
Live-chat customer support: You can get in contact with CoinFLEX’s customer support team almost instantly through their live-chat option. CoinFLEX provides fast and efficient live-chat support so that their users can get their problems solved easily.
Simply click on the live-chat option available on the website to get connected to a live agent. You can explain the issue, and the agent will present the best possible solution for your case.
With this feature, you won’t have to worry about writing long emails or filling out lengthy contact forms just to find a solution—live chat has your back.
Great affiliate program: Users on CoinFLEX can earn a commission of up to 20% through the referral program offered by the platform. The rewards, however, are based on your referrals’ futures and spot trading activity.
You receive a fee commission every single time your referral trades on the platform, and the more they trade, the more you earn. CoinFLEX hasn’t listed any cap on the number of referrals, which means your rewards are only limited by your own social reach.
The affiliate program can be a great way to start earning on the side while you trade and invest. If you have a great social media presence, you stand to create a decent income flow.
Things I Don't Like About CoinFLEX
There are some areas where CoinFLEX could improve their services. You can check out the things I don’t like about CoinFLEX below:
Crypto buying option not available in some regions: As I stated earlier, CoinFLEX has partnered with a third-party merchant known as MoonPay in order to allow their users to buy cryptocurrencies with fiat assets. But MoonPay is not available everywhere, and they have restricted users from specific countries from using their services.
To resolve this issue, CoinFLEX needs to partner with more payment merchants or develop their own payment system through which users can buy cryptocurrencies. Otherwise, many users will be left out.
US users not supported: CoinFLEX prohibits users from the United States from joining the platform and using any of the services available. CoinFLEX’s list of supported countries excludes some significant regions, like the US and a few countries within Africa and Asia.
CoinFLEX Fees
CoinFLEX Deposit Fees
There is no specified fee for crypto deposits on CoinFLEX. If you use the services of the third-party payment merchant available on the platform to buy crypto assets, you will have to pay a service fee.
CoinFLEX Trading Fees
The spot trading fee at CoinFLEX is as follows:
The derivatives trading fee at CoinFLEX is as follows:
The trading fees for spreads, USDT perpetual, and USDT spot varies on the platform, and you can get a more precise idea of them on CoinFLEX’s fee page.
CoinFLEX Fiat Withdrawal Fee
Fiat withdrawals are not supported on CoinFLEX.
CoinFLEX Crypto Withdrawal Fee
CoinFLEX offers absolutely free withdrawals of BCH, FLEX, flexUSD, and DOT. As for the remaining crypto assets, a specific fee according to the network conditions is charged at the time of withdrawals.
Pros and Cons of CoinFLEX
- Buy crypto assets with fiat currencies
- Several trading markets
- Advanced trading interface
- Premium investment opportunities
- Stable income with flexUSD
- Not available for US users
- Direct crypto buying option doesn’t work everywhere
The Verdict
CoinFLEX was developed and designed by some of the best minds in the world, and they led the platform to where it is today. CoinFLEX claims to be the home of crypto yield, and they added substance to their claims by introducing AMMs, stable investments, and their native token, FLEX, to the platform.
If you want an impressive, advanced, and features-infused trading and investing experience, CoinFLEX is what you’re looking for. Sign up, verify your details, learn the basics, and get started on your crypto journey.
CoinFLEX is not available for US residents, so if you are from 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
Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.
Frequently Asked Questions
CoinFLEX is a safe and trusted cryptocurrency exchange that has been providing services since 2019. There have been no breaching or hacking reports since their launch, and they aim to provide their services consistently with the highest security.
CoinFLEX is not available for users residing in the US. CoinFLEX has prohibited them from using any of the services available on the platform.
There are different investment opportunities available at CoinFLEX. You can invest your money in AMMs, flexUSD, and FLEX to potentially get excellent returns.
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