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 5 million users and a daily trading volume of more than $400 million. In 2023, they finally launched an English version of their site, which is why more users outside of Asia are starting to check it out.
Now, 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 those with strict regulations, eg; US and Canada), which is a better way to trade crypto rather than using Palau ID to get around US geo-restrictions.
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.
Reviews from other users
Overall Feedback: Excellent
took part in one of their community events and ended up with some bonus tokens. Love that they do that kinda stuff.
I like the login security setup—alerts for everything and 2FA that actually works without being annoying.
WEEX copy trading is pretty cool. I’m not a pro but I’ve been following a couple high-performers and seeing solid gains
Good trading experience overall, though I’ve noticed a few low-volume pairs that are hard to move in/out of.
It’s a decent platform but could use a bit more documentation. Some of the features aren’t super clear at first
Mobile app is honestly one of the better ones out there. No crashes, clean layout, and easy to manage trades
I had a minor issue with a withdrawal and support handled it way faster than I expected. They were polite and sorted it quick.
Found a bunch of tokens on WEEX that I couldn’t grab on other exchanges. They list stuff early which is awesome.
Signed up without any hassle, and I was able to start trading futures the same day. Really appreciate how straightforward it is
Weex has been a really smooth experience for me so far. Trades go through fast and the interface is super clean.
Leave your own review
Key Features and Advantages of WEEX
WEEX keeps things simple but professional, making it easy for both beginners and experienced traders to navigate. If you're just starting out, you can dive into spot trading with low fees. But if you're into futures, they’ve got three different types: USDT perpetual, inverse, and simulated—so there’s something for every strategy.
One thing that makes WEEX stand out is that it’s fully licensed and regulated, which adds a layer of security. They even have a protection fund set aside for unexpected situations, which is reassuring. Plus, they’ve been featured by big names like Bloomberg, Yahoo, and Investing.com—so they’re definitely on the radar of serious investors.
Here’s a quick rundown of what makes WEEX worth checking out:
Negatives and Disadvantages of WEEX
This is one aspect where WEEX could improve:
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 specifically for Chinese users. WEEX has teamed up with third-party payment providers, making it pretty easy to buy digital currencies without any extra fees.
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.
One important thing to note: If you want to use the OTC express trade, you’ll need to complete mandatory KYC verification, and it’s only available to Chinese citizens.
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 for their users, who can trade coins such as BTC, ETH, LTC, BCH, DOGE, TRX, and ETC, paired against USDT. The best part? 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 more experienced traders. They also offer up to 200x leverage, which is way higher than most other exchanges that max out at 100x.
For those unfamiliar with the terms:
- USDT perpetual contracts use USDT as the margin.
- Inverse contracts are priced in USD but settled in the respective cryptocurrency.
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).
Slippage happens when the price shifts while a large order is being filled. Since WEEX has a ton of active traders and deep liquidity, slippage is kept to a minimum. In fact, they even offer compensation if it 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 at the bottom of the screen is accurate and lag-free, making it easy to analyze trends.
- You can customize the chart by changing time frames and candlesticks.
- The full-screen mode makes technical analysis smoother, with access to indicators, trend lines, and drawing tools.
- On the left, you’ll find all available trading pairs, making it easy to switch between them.
- On the right, you’ll see the order book and the trade placement section.
Everything is laid out in a way that makes navigation seamless, even if you’re new to trading.
Copy trading to profit from 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.
- You can sign in with an existing account or create a new one directly on the app.
- Trading, depositing, withdrawing, and even copy trading work smoothly.
If you prefer to trade on the go, this app gets the job done.
Regulatory licenses and security: Unlike some exchanges that operate without regulations, WEEX has gone the extra mile to secure multiple regulatory licenses. 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 your 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
WEEX Deposit Fees
It is free to deposit cryptocurrency on WEEX. There are no fiat deposits available on WEEX, but making a direct purchase using OTC counter will incur a fixed fee of 1%. WEEX claims that this fee is used to improve their service and maintain stability and security.
WEEX Trading Fees
WEEX charges 0.1% fees for spot trading, whether you are a maker or taker.
For futures trading, the fee for makers is 0.02% and takers is 0.08%.
WEEX Crypto Withdrawal Fee
WEEX does not charge users for crypto withdrawals, but they have to pay the network or miners fee. This varies depending on the coin you are withdrawing and the network congestion at the time of the withdrawal.
Pros and Cons of WEEX
- Spot trading and futures trading supported
- Professional trading interface
- Mobile apps for iOS and Android
- Copy the exact trades of successful traders
- Fully secure and licensed exchange
- 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 even OTC purchasing. Plus, they’re fully licensed in major countries like the USA, Canada, and China, 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. That means you can trade with extra peace of mind. If you’re thinking about signing up, use our link here to grab up to 30,000 USDT in rewards! If you KYC your account you 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. To claim the higher rewards you will need to deposit and trade larger amounts.
Still deciding? Check out the comparison table below, or my in-depth comparison of crypto exchanges to find the best fit for your trading style.
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
Yes, WEEX is available for users residing in the United States. WEEX has a legal license from US MSB to operate in the country and provide crypto services to residents.
WEEX is a safe and trusted crypto exchange that has been operating since 2018. It uses state-of-the-art security measures and has a user protection fund worth 1,000 BTC in case any breaches occur. To date, there have been no reports of hacks of WEEX.
Yes. WEEX has over 5 million registered users and a daily trading volume of over $400 million. It is regulated and has licenses from various jurisdictions around the world, including the US and Canada.
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