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What is CoinEx? CoinEx is a global and professional by Eduardo F Medium

what is coinex

CoinEx, a sub-brand of ViaBTC (Viabtc Technology Limited), is a global and professional digital coin exchange service provider. With its proprietary trade matching system and excellent user experience, CoinEx is dedicated to building a highly secure, stable and efficient digital coin exchange for global users. CoinEx now supports multiple languages and are providing global trading services in nearly 100 countries/regions. CoinEx now supports a range of cryptocurrency derivatives trading services, such as margin trading, futures trading, option trading, etc.

what is coinex

CoinEx is a crypto exchange that can be accessed from most geographic regions and offers a fluid, seamless & friendly platform for individuals to do the largest asset exchange. With a highly capable ecosystem of digital platforms and services, CoinEx stands as one of the giants in the domain of cryptocurrency trades. ViaWallet is one of the products released by CoinEx to offer a built-in system for all user requirements.

CoinEx Founders

Moreover, because there are so many trading tools — including some that are only suited to advanced traders — the site can be intimidating if you’re new to crypto. It doesn’t help that the English on the site hasn’t been checked by a native speaker and is at points confusing. CoinEx provide 24/7 exchange services for global investors and gather world-wide liquidity. CoinEx Token (CET) is an official value-added services and privileges scheme based on CoinEx exchange platform. The token is issued on Ethereum ERC 20 protocol and will be launched on a public CoinEx Chain in the future. Automated market making (AMM) can calculate the buying and selling price according to the formula, so as to provide continuous quotation for the market.

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CoinEx has stated that it won’t be using customers’ assets anywhere else and they are 100% reserved. Because of this, withdrawals are processed swiftly and users will get their funds relatively quickly, within a few minutes. The whitepaper of CoinEx Chain was officially released on 28 June 2019.

Sign Up CoinEx – The Global Digital Coin Exchange

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.

There are a few warning flags to observe with this exchange. To begin with, the exchange claims that it has been founded by previous employees of high-status companies such as Huawei, Tencent and Alibaba. They also state that they have raised a lot of capital from VenturesLab, but evidence of this is also nowhere to be found. There is no information on the team, no information on the company behind the exchange. As of 24 June 2019, CoinEx started offering leveraged trading (then only BTC/USDT, but more trading pairs will follow in July 2019). Leveraged trading can lead to massive returns but – on the contrary – also to equally massive losses.

Is CoinEx safe?

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. Users with very high trading volumes per month (starting at USD 10m) can get additional discounts under different Spot Market Making Levels.

  • Unfortunately, it is not possible to purchase crypto with fiat with CoinEx.
  • CoinEx Market is one of the Hong Kong cryptocurrency exchanges.
  • • The landing page appears to be user-friendly and well-organized for both new and seasoned traders.
  • There is a fine line between showing all relevant information and overwhelming users with too many numbers, but CoinEx treads it professionally.
  • Individuals can create an account by entering their email ID and a password.

All in all, CoinEx is a great choice for privacy-minded investors of all experience levels. In this review, you can learn everything you need to know before signing up for it. All content on CaptainAltcoin is provided solely for informational purposes. It is not an offer to buy or sell any security, product, service or investment.

Is CoinEx legal in the US?

“Due to regulatory requirements, we are sorry that CoinEx can no longer provide services to US citizens or residents.”


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