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.
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.
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.
By the end of this year, CET might hit a minimum price of $0.046 and a maximum price of $0.053. Currently, the token is worth $0.035.
By 2025, it is likely that the CET price might finally cross that $0.10 mark, or it may come close to it.
By 2030, the CET token might come close to hitting $1, reaching a maximum price of $0.79.
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.
Review and basic information of CoinEx are as follows.
|Crypto Exchange Basics||CoinEx|
|Exchange Representative (Founder)|
|CoinEx Launch Date||1970-01|
|Number of Tradable Crypto Pairs||Pairs|
|Weekly Visits||0 Users|
|Overall Rating||⭐ / 5.0|
CoinEx Fee 2023
The fees charged to you for transactions at CoinEx are as follows.
|Maker/Taker Fees||CoinEx Transaction Fees|
|Spot Maker Fee||No Service Provided|
|Spot Taker Fee||No Service Provided|
|Derivatives Maker Fee||No Service Provided|
|Derivatives Taker Fee||No Service Provided|
CoinEx Trading Volume
Trading Volumes of CoinEx are as follows. (Based on CoinMarketCap 2023-12-05 08:08:05 data)
|Trading Volume Items||CoinEx Trading Volume|
|Daily Trading Volume (24h)||0 KRW|
|Weekly Trading Volume (7d)||0 KRW|
|Monthly Trading Volume (30d)||0 KRW|
|Daily Volume Change (24h)||0.00%|
|Weekly Volume Change (7d)||0.00%|
|Monthly Volume Change (30d)||0.00%|
Communicate with CoinEx
You can check exchange's messenger and SNS information in the table below.
Who founded CoinEx exchange?
CoinEx was founded in 1970 by .
Where is CoinEx located?
Currently, CoinEx's headquarters is known to be located in the .
How many cryptocurrencies are tradable on CoinEx?
If you join CoinEx, you can trade a total of crypto pairs.
How much is CoinEx trading fee?
CoinEx has a spot maker fee of % and a taker fee of %. On the other hand, the maker fee for futures trading is N/A and the taker fee is N/A. Please note that these fees are for regular users, and the higher your membership level within CoinEx, the lower the fees.
How much is CoinEx trading volume 24h?
CoinEx's trading volume 24h is 0 KRW. Furthermore, the daily trading volume is showing a 0.00% change from the previous day.
How much is CoinEx weekly trading volume?
CoinEx's weekly trading volume is 0 KRW, with a total of 0 users. Furthermore, CoinEx's weekly trading volume is showing a change of 0.00% from the previous week.
How much is CoinEx monthly trading volume?
The monthly trading volume of CoinEx is 0 KRW. Furthermore, this month's trading volume is showing a change of 0.00% compared to the previous month.