What is WEEX?
WEEX is a crypto trading platform that started in Singapore back in 2018, and it's pretty big in Asia. We're talking over 6.2 million users and a daily trading volume of more than $25 billion. In 2023, they finally launched an English version of their site, with users from 130+ countries now using WEEX.
If you're into futures and derivatives trading, WEEX is definitely worth a look. It supports USDT perpetual contracts, inverse contracts, and simulated contracts. But don't worry if that sounds intense — WEEX also has beginner-friendly features like low-fee spot trading and copy trading, where you can literally mirror the trades of successful traders. Plus, it's available in every country with no restrictions, including the US and Canada.
- Web Address: www.weex.com
- Main Location: Singapore
- Cryptocurrencies: BTC, ETH, USDT, LTC, TRX, BCH, ETC, DOGE, and 1,000+ more
- Fiat Currencies: USD, EUR, CNY, CAD, GBP, CHF, AUD
- Payment Methods: Bank Cards, Alipay, Alchemy Pay, ChipPay, Cryptocurrency, and more
- Deposit Fees: Crypto: Free; OTC: 1%
- Trading Fees: Spot: 0.1%; Futures: 0.02%/0.08% (maker/taker)
- Mobile App: Android and iOS
Sign up through our exclusive link and unlock your WEEX welcome bonus today.
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My Overall Thoughts on WEEX
Honestly, WEEX is a pretty solid exchange. The fees are low, the security is tight, and the trading platform itself is well-designed. If you're into futures, you'll probably love it. But even if you're just dipping your toes into crypto, there are some great features to check out. Here are the three biggest things that stand out:
1) Lots of trading options: WEEX is all about futures and derivatives. They've got USDT perpetual contracts, inverse contracts, and even simulated contracts if you just want to practice. If that's too much, the low-fee spot trading is a great way to get started.
2) Copy trading is a game-changer: If you're not an expert trader (or just don't have time to stare at charts all day), copy trading is a lifesaver. You can easily find top traders with a solid track record and automatically copy their moves in real time. It's an easy way to learn while potentially making some money.
3) Security and regulation: One of the best things about WEEX is that it's actually licensed and regulated in multiple countries. That means you don't have to stress about it suddenly getting shut down. Plus, they have a 1,000 BTC protection fund in case of hacks, which is reassuring.
The biggest downside? Fiat withdrawals are not supported. If you want to cash out your profits, you need to withdraw your crypto to another exchange to convert back to USD or other fiat currency. However, this is the case for most dedicated crypto trading platforms.
Key Features and Advantages of WEEX
WEEX keeps things simple but professional, making it easy for both beginners and experienced traders to navigate. Here's a quick rundown of what makes WEEX worth checking out:
- Buy cryptocurrencies with OTC express trade
- Trade spot or futures with high leverage (up to 200x)
- Deep liquidity and minimal slippage
- Advanced trading layout
- Copy trading to profit from the experience of others
- iOS and Android mobile apps
- Licensed by US MSB, Canada MSB, and SVGFSA
- Stay updated with the WEEX blog & Academy
Negatives and Disadvantages of WEEX
- Fiat withdrawals are not available — you can only withdraw crypto
What Services Does WEEX Offer?
Buy Cryptocurrencies with OTC Express Trade
If you're looking to buy crypto on WEEX, there's no direct way to do it through the platform itself. However, they do offer an OTC (over-the-counter) option. WEEX has teamed up with third-party payment providers, making it pretty easy to buy digital currencies.
The quickest and smoothest way to get crypto is by using a credit or debit card — it's instant and hassle-free compared to other methods. Other available payment options include Alchemy Pay, AliPay, ChipPay, and direct bank transfers, but these depend on your location. Note that OTC express trade with mandatory KYC is currently available to Chinese citizens only.
Trade Spot or Futures with High Leverage
WEEX offers two main trading options: spot trading and futures trading.
- Spot trading is perfect for beginners or those who prefer lower risk. WEEX keeps it simple, with coins such as BTC, ETH, LTC, BCH, DOGE, TRX, and ETC paired against USDT. Low trading fees of 0.1% for makers and takers.
- Futures trading is where WEEX really stands out. With a variety of contracts (USDT perpetual, inverse, and simulation), it's ideal for experienced traders. They offer up to 200x leverage — way higher than most other exchanges that max out at 100x.
High leverage can mean high rewards, but it also means higher risk — so trade responsibly!
Deep Liquidity and Minimal Slippage
Liquidity is a big deal, especially for high-volume traders. WEEX boasts some of the deepest liquidity among crypto exchanges — more than Bitget and MEXC — which means your trades get executed quickly with minimal price changes (aka slippage). They even offer compensation if slippage exceeds a certain threshold.
From our experience, orders were executed fast, and price movements due to slippage were barely noticeable. If you're trading in large amounts, WEEX is a solid option.
Advanced Trading Layout
WEEX has a sleek and professional trading layout packed with all the tools you need.
- The trading chart is accurate and lag-free, making it easy to analyze trends.
- Customize charts by changing time frames and candlestick styles.
- Full-screen mode for technical analysis, with indicators, trend lines, and drawing tools.
- All available trading pairs listed on the left for quick switching.
- Order book and trade placement section on the right.
Everything is laid out in a way that makes navigation seamless, even if you're new to trading.
Copy Trading to Profit from the Experience of Others
Not everyone has the time or expertise to trade all day, and that's where copy trading comes in. With WEEX's one-click copy trading, you can mirror the trades of professional traders.
- Browse through a list of available traders with performance stats like profit & loss, win rate, and number of followers.
- Choose a trader and start copying their trades with a single click.
- The maximum commission fee is 10%, so most of your profits stay with you.
Copy trading is a great way to learn, but it's not risk-free — so do your research and never invest more than you can afford to lose.
iOS and Android Mobile Apps
WEEX knows traders need flexibility, so they've built a solid mobile app for iOS and Android. We tested it out, and it's well-optimized, easy to use, and includes all the same markets and features as the desktop version.
- Sign in with an existing account or create a new one directly on the app.
- Trading, depositing, withdrawing, and copy trading all work smoothly on mobile.
Regulatory Licences and Security
Unlike some exchanges that operate without regulations, WEEX has secured multiple regulatory licences. They're licensed by US MSB, Canada MSB, and SVGFSA, which helps build trust and confidence among users.
On the security side, WEEX takes things seriously:
- AI-powered risk control system
- Dual-level account risk management
- Audits by four security vendors (Shencha Technology, Qingsong Cloud Security, HEAP, and Armors)
- User protection fund with reserves of 1,000 BTC in case of hacks or breaches
To stay safe, always set up two-factor authentication (2FA) and use a strong password. Never share your account details with anyone.
Stay Updated with the WEEX Blog & Academy
Crypto moves fast, and staying informed can mean the difference between profit and loss. WEEX's Blog and Academy keep traders up to date with the latest market trends, news, and trading strategies.
- The WEEX Blog covers market updates, predictions, and industry news.
- The WEEX Academy offers tutorials for beginners and advanced traders alike.
Even experienced traders can pick up valuable insights here.
What I Don't Like About WEEX
Fiat withdrawals are not supported: You won't be able to withdraw fiat currency from WEEX. When you want to cash out your profits, you need to withdraw your cryptocurrency to a different exchange that supports fiat withdrawals. This is the case with most dedicated crypto trading platforms, but is still something to keep in mind.
WEEX Fees
Deposit Fees
It is free to deposit cryptocurrency on WEEX. There are no fiat deposits available, but making a direct purchase using the OTC counter will incur a fixed fee of 1%.
Trading Fees
WEEX charges 0.1% for spot trading, whether you are a maker or taker. For futures trading, the maker fee is 0.02% and the taker fee is 0.08%.
Withdrawal Fees
WEEX does not charge users for crypto withdrawals, but you will need to pay the network (miners) fee. This varies depending on the coin you are withdrawing and network congestion at the time of withdrawal. Fiat withdrawals are not supported.
The Verdict
At the end of the day, WEEX is a solid choice for serious traders, especially those into futures trading. They offer a variety of trading options, from spot to futures to copy trading, and are fully licensed in major countries like the USA and Canada, so you don't have to worry about regulatory issues.
Security-wise, they're on top of their game with an AI-powered risk control system and a protection fund holding 1,000 BTC. If you're thinking about signing up, use our exclusive link to grab up to 30,000 USDT in rewards. KYC your account to receive 5 USDT, deposit 200 USDT to your spot account to receive 30 USDT, and deposit 1,000 USDT to your futures account to receive another 50 USDT.
Claim Your 30,000 USDT Bonus →
Comparison Table of the Best Crypto Exchanges in the USA
| Exchange | Fiat Currencies | Cryptos | Trading Fees | Actions |
|---|---|---|---|---|
|
USD, EUR, CNY, CAD, GBP & more | BTC, ETH, USDT & 1,000+ more | 0.1% spot; 0.02%/0.08% futures | Sign Up Read Review |
 |
USD | BTC, ETH, BCH, DASH, LTC & more | Fees included in spread | Sign Up Read Review |
 |
USD, GBP, EUR, CHF, AUD, JPY & 21 more | BTC, ETH, ADA, DOGE, COMP, DOT & more | Fees included in spread | Sign Up Read Review |
 |
USD, EUR, AUD, CAD, GBP, JPY | BTC, ETH, ETC, UNI, LINK, LTC, BCH & more | 2.5% – 3.9% | Sign Up Read Review |
 |
USD, EUR, GBP, JPY, CAD, CHF, AUD | BTC, ETH, XRP, BCH, EOS, LTC, ADA & 200+ more | 0.16% / 0.26% (Maker/Taker) | Sign Up Read Review |
Cryptocurrency is offered by eToro USA LLC ("the MSB") (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.
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