CoinEx

What is CoinEx?

CoinEx is a multifunctional cryptocurrency exchange that blends the various functions of a cryptocurrency exchange and the cryptocurrency market together. Hence, USDT, Bitcoin, Ethereum, and a plethora of other tokens or cryptocurrencies can all be at the disposal of traders. Assets can be traded and exchanged relative to one another, and you will also find pairs with fiat currencies, with the most popular contracts being paired with USD.

Speaking of tokens, the website has its own proprietary token known as CET, which gets issued daily.

This exchange has a good amount of trading volume, and because of its patented quick match engine, the firm is able to ensure the stability of a ton of orders at the same time, with each being properly protected. Furthermore, alongside its trading terminal’s web version, you may find an equally user-friendly mobile application as well. The fees tend to be fixed, and they are based on trading levels and the absence or presence of VIP status.

Who created CoinEx?

It was in 2011 that Haipo Yang, the man behind the creation of CoinEx, was initially introduced to Bitcoin, which eventually led him to become a member of its community two years later. Then, in 2016, he was largely responsible for the development and implementation of ViaBTC, which is a mining pool for Bitcoin. Later, during the following year, he launched CoinEx under the ViaBTC Group. Consequently, it became a substantial part of ViaBTC’s ecosystem, which helped provide that strong backing in its earlier stages.

Where is CoinEx located?

According to the exchange’s Crunchbase and LinkedIn profiles, it is based in Hong Kong.

Is CoinEx Safe?

The CoinEx cryptocurrency exchange is largely available to a global audience, except for the United States. Although the platform lacks regulation, it adheres to a robust set of security rules and privacy policies, which we will briefly discuss below.

Is CoinEx scam?

In light of the mishaps within the cryptocurrency landscape, CoinEx has tried to take a few measures to reassure its investors that the platform has its security in mind. Hence, it has released its own proof-of-reserves to show investors that the exchange has its assets and can fully cover any liabilities, proving that it is becoming increasingly important for the cryptocurrency landscape, especially after the debacle that was the FTX collapse. Other than proof-of-reserves, it also utilizes cold wallet storage for storing its users’ funds while maintaining a 100% reserve rate. All this combined is why the exchange has probably never been hacked. So, yes, the exchange is a safe and legitimate platform to trade on.

CoinEx Pro & Con

The CoinEx exchange has quite a few things going for it.

• For one, its cryptocurrency and trading pair selection is more than enough for traders.
• Secondly, from what we have gathered, it has decent security measures in place, so users can rest assured that their funds are in good hands.

Overall, the exchange can be a worthwhile place to trade, as it has an adequate variety of services. Its fees can be competitive if your trading volume is high or your assets’ value is enough to be eligible for discounts.

However, like with anything else made by humans, there is room for improvement.

• Firstly, it could do with more regulation, as its services have been restricted to US-based investors.
• Also, its earning options are limited, and it may take some time for beginners to get used to its platform.

CoinEx Comparison

Here, we will be looking at how CoinEx fares against some of its competitors, like Binance and ByBit, for instance.

CoinEx vs Binance

Compared to Binance, CoinEx only has a few things that give it the upper hand, and those would be its cryptocurrency selection, markets, and the fact that it has never been hacked. In almost everything else, Binance has CoinEx beat, such as in trading fees, trading options, and earning options, and like CoinEx, it even publishes its own proof-of-reserves. (Learn how to trade on Binance)

CoinEx vs Bybit

This comparison will be fairly similar to the one with Binance earlier in that the only thing that it has over ByBit is its cryptocurrency selection. In other areas, ByBit has CoinEx beat, like having more trading options, earning options, lower fees, and more. (Learn Bybit fees)

Moreover, like Binance, it offers its own proof-of-reserves as well, so CoinEx is by no means special in this regard.

CoinEx (CET) Price Prediction

The figures outlined below are taken from a website called Price Prediction. One thing to note here, however, is that these figures may not be entirely accurate, as every site tends to have different predictions, so you shouldn’t take them all too seriously.

How to buy CoinEx token (CET)

You can buy CET directly from the CoinEx exchange or from other more prominent exchanges like Coinbase or Binance. All you have to do is set up an account on it, make some deposits, and swap your tokens for CET. Or, you can buy it using fiat options like credit or debit cards.

CoinEx Review

Review and basic information of CoinEx are as follows.

Crypto Exchange Basics	CoinEx
Official Name	CoinEX
Exchange Representative (Founder)
Headquarters Location
CoinEx Launch Date	2017-12
Number of Tradable Crypto Pairs	1429 Pairs
Weekly Visits	407,398 Users
Overall Rating	⭐ / 5.0

The rating result at the top is the result of Coin-Labs.com's overall evaluation of CoinEx.
CoinEx was rated in seven categories: fees, diversity and quality of the services provided, security capabilities, etc.

CoinEx Fee 2024

The fees charged to you for transactions at CoinEx are as follows.

Maker/Taker Fees	CoinEx Transaction Fees
Spot Maker Fee	0.2%
Spot Taker Fee	0.2%
Derivatives Maker Fee	No Service Provided
Derivatives Taker Fee	No Service Provided

The fees shown in the table above are CoinEx transaction fees charged to a regular user.

CoinEx Trading Volume

Trading Volumes of CoinEx are as follows. (Based on CoinMarketCap 2024-10-12 14:41:22 data)

Trading Volume Items	CoinEx Trading Volume
Daily Trading Volume (24h)	1,358,938,517,891 KRW
Weekly Trading Volume (7d)	10,546,779,719,384 KRW
Monthly Trading Volume (30d)	41,923,026,385,996 KRW
Daily Volume Change (24h)	-6.51%
Weekly Volume Change (7d)	11.15%
Monthly Volume Change (30d)	-3.94%

Communicate with CoinEx

You can check exchange's messenger and SNS information in the table below.

Types	URL
🐦 Twitter	https://twitter.com/coinexcom
🎺 Messenger	https://t.me/CoinExOfficialEN

FAQs