CoinEx Review 2023: Trading Fees, Supported Crypto

Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. If you’re on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience. Launched in 2015, KeepKey Wallet is one of the oldest and most secure hardware wallets. Today it is run by the ShapeShift Exchange and ranks as the third-best wallet brand in the world. The Ledger Nano X is the latest hardware crypto wallet offered by Ledger and it is designed to be the Bluetooth enabled Ledger Nano S on the go.

In addition to using CET as fees, holders will also enjoy discounted transaction fees. The token holders will also benefit from privileges like fast withdrawal, exclusive customer support. CoinEx only supports cryptocurrency transactions, so you can’t use payment methods like SEPA, wire transfer, or debit/credit card.

Although CoinEx does not directly support fiat currency, it partners with various payment platforms, including Visa, Mercuryo, and MoonPay. However, for large crypto transactions, you will have to contact CoinEx OTC payment partner Matrixport. For the Spot market making, the fees depending on your trading volume and whether or not you are paying with CET. Level0 users who trade more than 0 USD but less than 10,000,000 USD pay 0.2% for both maker and taker fees.

At the end of 2021, CoinEx’s parent company, Vino Global, did register as a money service business in the U.S. This is the minimum a cryptocurrency exchange needs to do to operate in the U.S. Plus, its MSB registration says it can operate in all U.S. states and several territories. CoinEX is safe and convenient and provides stable and adequate crypto services to its clientele all over the world.

Select the tab ‘Normal Transfer’ and enter the valid withdrawal address of your wallet or exchange. Now, you must enter this address on the wallet or exchange from where you are sending the coins. If your wallet has a mobile app, then you can use the QR code to insert the address. To improve the security of transactions, the exchange highly recommends users enable 2FA via SMS or GA app. Since the CoinEx is relatively new and no hack attempts have been made so far, thus far, it can be considered safe.

CoinEx has its token based on the Ethereum blockchain, and CET or CoinEx token is based on the ERC-20 token protocol. Trading any coin through this token on the platform brings in concessions and other benefits. The holding of these tokens is what determines the trading fee that will be charged from the users. The daily trading value of the token is usually within the range of $1 Million. CoinEx also has the best cryptocurrency wallet that can quickly transfer assets traded at the exchange within the company’s digital ecosystem.

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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. 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.

CoinEx only lists projects with unique visions and high-quality development. 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. The individuals who wish to start trading with the platform can sign up through the website or the mobile application. The basic credentials required are primarily email, name, and phone number. The platform does have a KYC option, but it is not an absolute necessity for starting small trades to get familiar with the trading system of CoinEx. CoinEx may appeal to advanced traders, but more clarity is needed about its legal status.

CoinEx Deposit and Withdrawal Method

One big draw of the company is that transactions are very fast due to the high-speed matching engine. The platform also allows for flexibility in terms of fees and offers discounts when you pay in CET. CoinEx exchange interface is simple, interactive, and intuitive, hence, enhancing the user trading experience. The platform is secure and provides a slew of trading tools, which makes it ideal for both newbie and professional traders. The company makes sure that all assets are completely kept in a reserve and are always available to the owners whenever needed.

CET holders can enjoy up to about a 50% discount on transaction fees. An exchange should provide users with various financial instruments and a great, navigable user interface. This particular CoinEx Exchange Review chronicles the essential details of the company and what to expect from them.

CoinEx Withdrawal fees

Many hours dedicated to researching on cryptocurrencies, the blockchain, and so on has increased my experience in this field. The chart on the platform makes it easy for traders to analyze market directions using advanced charting tools efficiently. Users are also able to navigate through various pairs with simple clicks. The platform is built with the user in mind – one of the most simple-to-use – even a novice can make his way around the platform without needing any help. Also, it is loaded with ground-breaking features that have swept many users off their feet.

• 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.
• As for CoinEx, the interest on each loan is calculated every 24 hours.
• Once your transaction gets completed, LTC will be available on the wallet.
• It shows the strength of the password, so that users can make changes accordingly.

Because of this, withdrawals are processed swiftly and users will get their funds relatively quickly, within a few minutes. CoinEx exchange implements a “Full Dimension Protection” security system. The platform uses various protocols in securing different aspects of the platform.

Making Smarter Investments in an Uncertain Market: CoinEx Keeps Users Updated on Market Movements

This means, trades on the platform aren’t restricted to certain currencies, but trades can be made using cryptocurrencies. The exchange has also launched its native cryptocurrency which can be traded against the majors on the platform. Though the exchange is just starting off, plans are underway to building a decentralized cryptocurrency https://cryptolisting.org/ exchange which will be fueled by the CoinEx Token . CoinEx also supports the use of APIs for those with the technical know-how. The programming tool allows users to integrate CoinEx trading functions into their applications. Developers can use the API to automate their trading or withdrawals and perform so many other functions.

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All in all, this exchange’s fee levels are in line with or even slightly below the global industry averages. Users must keep track of market trends, make prompt investment decisions and adjust their strategies accordingly. As previously mentioned, the signup process is simple and logically laid out.

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. CoinEx has implemented a variety of security measures on its various platforms. Compensation may impact the order of which offers appear on page, but our editorial opinions and ratings are not influenced by compensation.

At this platform, you can deposit fiat currency through debit cards, but not via wire transfer. Crypto purchases via card payment are enabled via the platform’s integration with Simplex. Users can stay informed of the latest market trends through CoinEx’s webpage.

The ever-growing demand for cryptocurrencies has brought up the need for various cryptocurrency exchanges and we have them today. Though a number of them are not up to standard, several, are coming up with cutting-edge technologies, delivering top services to various communities. CoinEx support team also offers educative what is coinex content to the platform users. Although they are not trading advice, they are offered to ensure that account holders have the right information regarding the crypto world. The platform also has a comprehensive library where they can get quick answers to minor issues and a short directive on navigating the site.

The CoinEx wallet can be used to deposit coins temporarily, for trading purposes. You will not be given access to your private key, but only to your public wallet address. It is highly recommended to use hardware wallets like Ledger Nano Sor Trezor to store your cryptocurrencies. The wallet provided by Coinbase is also a good option to store Bitcoins and other altcoins for low volumes.