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CoinEx
RankCoinEx
Name
Volume (24h)
Visits
Avg.Liquidity
No.Markets
Launched
Volume Graph
CoinEx
000
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CoinEx is a centralized cryptocurrency exchange launched in Hong Kong and registered in the United Kingdom operating since December 2017. The exchange is the trading platform of ViaBTC, a Chinese mining pool that is responsible for a significant portion of the hashrate for many crypto networks, although this information is not specified by CoinEx. 

The main team of the crypto exchange consists of well-known internet companies and financial companies, including some of the first practitioners and agents in the digital currency industry. CoinEx aims to create a secure, stable and efficient platform with a well-developed system and a fast and smooth user interface. CoinEx supports Chinese and English and serves almost 100 countries and regions.

CoinEx prides itself on high exchange speed, low cost of services, user-friendly interface and high security.

Trading characteristics

CoinEx is designed in such a way that allows the platform to process thousands of transactions per second, and have a speed above average. 

The trading platform is available to users from all over the world, and supports more than 158 coins with 443 pairs. The exchange also has its own CoinEx - CET token, the use of which provides a significant discount in trading costs. 

It is best to use Coinex as a mobile app. It offers users a very concise and modest design.

Although the exchange does not support the exchange of fiat for cryptocurrency, it is linked to Simplex to allow users to buy cryptocurrencies with their fiat currencies. 

The trading platform supports margin and spot trading.

CoinEx Fees 

CoinEx charges different fees for recipients and producers. Trading fees for takers are 0.15%, which is slightly lower than the global average. However, it is important to note that most competitive exchange platforms charge a commission for trading from 0.15% to 0.10%. Using the CET token gives the user discounts of up to 50% of trading commissions.

Creators receive a trading fee of 0.05%. 

The withdrawal fee is 0.0015 BTC, which is about the industry average.

Security

The CoinEx exchange, being a centralized trading platform, uses banking security measures. In addition, to enhance these measures, also

SSL encryption protocols and MultiSig wallets with multiple signatures are used. 

The exchange also helps users protect themselves with a two-factor authentication (2FA) system for enhanced security

Summary

  • To own your crypto assets, you need to manage your own private keys.
  • Ledger hardware wallets make private key management easy and secure.
  • Each unique 24-word recovery phrase creates a new set of private keys.
  • Make sure you secure your 24-word recovery phrase properly.
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