What is CoinEx?
CoinEx is a global centralized cryptocurrency exchange, founded in December 2017 by Haipo Yang, a Bitcoin early adopter and entrepreneur who previously launched ViaBTC, a prominent Bitcoin mining pool. Registered in Samoa and historically based in Hong Kong, CoinEx serves over 4 million users across more than 200 countries, offering trading for over 1,300 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and its native CoinEx Token (CET). With a 24-hour trading volume of approximately $203.6 million, CoinEx is a mid-tier exchange known for its user-friendly interface, extensive altcoin support, and robust security measures, making it a gateway for both novice and seasoned traders.
The platform provides a wide range of trading options, including spot trading (1,717 pairs), futures trading with up to 100x leverage, margin trading (isolated and cross-margin), automated market maker (AMM) services, and crypto swaps for instant conversions. CoinEx supports over 60 fiat currencies for crypto purchases via third-party providers and offers staking, loans, and financial products like collateral pledges with 70% interest distribution. Its proprietary trade-matching engine handles up to 10,000 transactions per second, ensuring high-speed performance, while its mobile app (iOS and Android) supports 18 languages and integrates TradingView charts. CoinEx’s Web3 section provides beginner tutorials, market insights, and news, enhancing accessibility for new users. The CET token, migrated to the CoinEx Smart Chain, offers fee discounts, staking rewards, and airdrop incentives, with 50% of transaction fee income used for daily buybacks and monthly burns to reduce supply to 3 billion.
Security is a cornerstone, with CoinEx maintaining a 100% reserve ratio, verified by a “Merkle Tree” audit method introduced in 2022, making it one of the earliest exchanges to disclose proof-of-reserves. It claims a zero-accident record, using multi-dimensional protection like cold storage and 2FA, and holds regulatory licenses in three jurisdictions, though it’s unavailable in the U.S. due to regulatory restrictions. Despite its strengths, CoinEx faces criticism for predatory spreads on market orders, particularly in futures trading, and limited advanced tools compared to giants like Binance. User reviews highlight smooth deposits and withdrawals but note occasional customer support delays. Recent X posts promote its copy trading feature and $30K airdrop campaigns, reflecting active community engagement. For traders seeking altcoin diversity, privacy (no mandatory KYC for basic trading), and transparent reserves, CoinEx is a strong contender, but its U.S. absence and fee structure may deter some users.
What are the trading fees on CoinEx?
CoinEx charges a standard spot trading fee of 0.2% for both makers and takers, aligning with the industry average. Futures trading fees are 0.03% for makers and 0.05% for takers. VIP levels, based on CET holdings or trading volume, offer discounts up to 0.04% for spot trading. Deposits are free, but withdrawal fees vary by coin and network (e.g., 0.0001 BTC for Bitcoin, 0.00054 ETH for Ethereum). Using CET for fees provides additional reductions. Users should review CoinEx’s fee schedule for specific pairs and minimum withdrawal requirements.
Does CoinEx offer leverage trading?
Yes, CoinEx offers leverage trading through its futures and margin trading platforms. Futures trading supports up to 100x leverage on over 110 markets, including linear (USDT/USDC-margined) and inverse (crypto-margined) contracts. Margin trading offers up to 10x leverage with isolated or cross-margin options. Leverage is high-risk, with potential for liquidation, and availability may vary by region due to regulatory restrictions. Traders should use risk management tools like stop-loss orders.
Is there a research audit report for CoinEx?
Yes, CoinEx provides proof-of-reserves audits using the “Merkle Tree” method, launched in 2022, to verify a 100% reserve ratio. It publicly displays total assets in on-chain wallet addresses, with reserves reportedly worth over $800 million. These audits enhance transparency, but detailed third-party financial audit reports are not publicly disclosed. The exchange’s cybersecurity partnerships and zero-accident claim bolster trust, though users should verify reserve data on CoinEx’s official channels and consider the lack of comprehensive external audits when assessing risk.
Is CoinEx safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. It's all based on contract code so you can clearly look at what's behind the scenes, and how their contracts work.
Does CoinEx have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
