CoinEx

Overview of CoinEx

CoinEx, established in 2017 and based in the British Virgin Islands, operates as an unregulated cryptocurrency exchange, offering a diverse selection of over 600 cryptocurrencies for trading, including Bitcoin, Ethereum, Ripple, and Litecoin. The platform boasts competitive fees for futures trading and is designed to be beginner-friendly. CoinEx, not subject to official oversight, emphasizes user safety and convenience with a secure, incident-free record. The exchange supports spot, margin, futures, and AMM trading across various cryptocurrencies, providing a total of 740 coins across 1161 markets.

Pros and cons

Security

CoinEx emphasizes both safety and user convenience. It offers straightforward and secure cryptocurrency trading services across more than 200 countries. The platform's user-friendly interface ensures seamless transactions. CoinEx has maintained an incident-free record since its establishment, thanks to robust security measures and a 100% reserve guarantee. Additionally, the exchange provides various financial options, including docking and AMM services, to stay at the forefront of the cryptocurrency industry.

Cryptocurrencies available

CoinEx offers a diverse range of cryptocurrencies for trading, including prominent options like BTC (Bitcoin) and ETH (Ethereum). Additionally, the exchange provides access to altcoins such as BLZ (Bluzelle), KAS (Kaspa), and its own native token, CET (CoinEx Token). This selection allows traders to engage with a variety of digital assets, catering to different investment preferences and strategies.

It features a total of 740 different coins available for trading across 1161 markets. Over the past 24 hours, the total trading value amounted to approximately 159.13 million USD. Looking at a broader timeframe, the exchange recorded a trading volume of 6.01 billion USD over the course of the last 30 days.

Services

CoinEx offers a range of services beyond trading to cater to the diverse needs of its users. These services include:

CoinEx Market Maker: This program provides individuals and institutions with the opportunity to become liquidity providers and earn rewards for their contributions to the CoinEx order book.

CoinEx Broker: This service allows users to buy and sell cryptocurrencies with fiat currencies directly through CoinEx's platform.

Referral Reward: This program incentivizes users to invite their friends and family to join CoinEx by offering rewards for both the referrer and the referred user.

CoinEx Ambassador: This program recognizes and rewards individuals who actively promote CoinEx and contribute to the growth of the community.

CoinEx Partner: This program enables businesses to integrate CoinEx's services into their own platforms and offer cryptocurrency trading to their customers.

CoinEx Charity: This initiative supports charitable organizations and causes that utilize blockchain technology to make a positive impact on society.

Creator Program: This program empowers content creators to monetize their work and connect with their audience through CoinEx's NFT marketplace.

Blog: CoinEx maintains a blog that provides users with insights into the latest cryptocurrency trends, market analysis, and educational resources.

Coinex APP

CoinEx's app provides a user-friendly interface for buying, selling, and trading cryptocurrencies. It offers a wide variety of features, including spot trading, margin trading, futures trading, and automated market making (AMM). The app also supports a variety of fiat currencies and cryptocurrencies.

To download the CoinEx app, you can visit the CoinEx website or your device's app store. Once you have downloaded the app, you can create an account and start trading.

How to Open an Account？

Opening a CoinEx account is a straightforward process that can be completed in a few minutes. Here's a step-by-step guide on how to get started:

Visit the CoinEx website: Navigate to the CoinEx official website (https://www.coinex.com).

Click “Sign Up”: In the top right corner of the homepage, you'll find a “Sign Up” button. Click on it to initiate the registration process.

Enter your email address and password: Create a strong password that you can easily remember.

Enter your referral code (optional): If you have a referral code, you can enter it in the designated field.

Agree to the terms of service: Read and check the box next to “I've read & agreed with《CoinEx Terms of Service》” to acknowledge your acceptance of the terms.

Click “Sign Up”: This will complete the registration process, and your CoinEx account will be created.

Verify your email address: A verification email will be sent to the address you provided during registration. Click on the link in the email to verify your account and complete the registration process.

Enable two-factor authentication (2FA): For enhanced security, it's recommended to enable 2FA using either SMS or Google Authenticator. This will add an extra layer of protection to your account.

Complete KYC verification (optional): If you plan to engage in higher-limit transactions, you'll need to complete Know Your Customer (KYC) verification. This involves providing personal identification documents to verify your identity.

Once you've completed these steps, you'll have successfully opened a CoinEx account and can start trading cryptocurrencies.

How to Buy Cryptos？

Buying Cryptos on CoinEx Website:

Choose Cryptocurrency and Fiat Currency:

Log in to your CoinEx account.

Select the cryptocurrency you want to purchase and the fiat currency you'll use for payment.

Select Service Provider:

Pick a third-party service provider from CoinEx's list to facilitate the transaction.

Enter Purchase Amount:

Enter the amount of cryptocurrency you wish to buy.

You will be redirected to the chosen service provider's website.

Fill in Information and Complete Payment:

On the service provider's site, fill in the necessary information.

Complete the payment process as guided by the third-party provider.

Check Purchased Assets:

Return to CoinEx and navigate to “Deposit History” to verify your purchased assets.

Buying Cryptos on CoinEx App:

Select Cryptocurrency and Fiat Currency:

Open the CoinEx app and log in.

Choose the cryptocurrency and fiat currency for your transaction.

Choose Service Provider:

Pick a third-party service provider available on the app.

Enter Purchase Amount:

Input the amount of cryptocurrency you want to buy.

Tap to proceed to the selected service provider's platform.

Fill in Information and Complete Payment:

On the service provider's interface, provide necessary details.

Follow the payment instructions to complete the transaction.

Verify Purchase on CoinEx:

Return to the CoinEx app.

Check your purchased assets in the “Deposit History” section.

Fees

Coinex employs a competitive fee structure for its trading services. The trading fees vary based on factors such as the type of trade (spot, margin, etc.), trading volume, and user's VIP level. The fees are transparently displayed on the Coinex website and are generally in line with industry standards. It's advisable for users to review the fee schedule before engaging in trading activities to ensure a clear understanding of the costs associated with their trades.

Deposit & Withdrawal

Fiat deposits are unavailable on Coinex, requiring users seeking to purchase cryptocurrencies with fiat currencies to resort to third-party providers like Banxa, Mercuryo, MoonPay, and Advcash. Nevertheless, this convenience comes at a considerable expense, as these services often charge fees ranging from 3% to 8% in commissions. It's worth highlighting that Coinex exclusively permits cryptocurrency deposits, disallowing direct deposits of fiat currencies into users' exchange accounts.

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