What is CoinW?
CoinW is a trading platform that offers Spot, Futures, and other trading services to users globally. It currently has over 8 million users worldwide, ranking it top 30 among global exchanges in terms of Market Cap.
The Exchange is compliant with financial regulations and possesses financial licenses in various countries and regions, including the British Virgin Islands.
The technical team behind the project includes experts from Alibaba, Oracle, Google, and the financial securities industry, giving it an edge over other Exchanges. Thanks to the platform’s user-friendly, stable web, and Mobile Application UI, it has gained a lot of user attention and earned thousands of app downloads on Google Play Store and App Store.
Who Created CoinW?
The Exchange was founded by Mingguo Bai, who is also serving as CEO of the platform. Originating from Beijing, Mingguo was born in March of 1987, and is 36 years old, living in UAE. He is a professional investor and has expertise in banking and asset management, which played an important rule in building a strong reputation for the Exchange in Asia and Middle Eastern markets. According to official data provided on LinkedIn, the Exchange has around 201-500 employees working tirelessly to make CoinW a better place for trading crypto assets.
Who Owns CoinW?
As mentioned earlier, although the platform is founded by Bai Mingguo, it’s not owned by a single entity, but rather a group of investors. The organization member committee, manages and makes future decisions about platform growth.
Where is CoinW Located?
Due to regulatory issues, CoinW’s headquarters has continuously moved from one place to another in the past few years. The Exchange was initially started in Singapore with branches in 5 different countries and over 12 cities around the world. However, according to latest official data, CoinW is headquartered in the British Virgin Islands and has set up 16 localized trading service centers in 12 different countries around the world.
Pros and Cons of CoinW
Pros
- Offers all types of advanced trading services provided by any other top-tier Exchange, making it a convenient platform for trading in cryptocurrencies.
- Features an extensive range of cryptocurrencies from Altcoins to hidden low market cap gems.
- Investors with high trading volume are benefited from investing in high-yield venture projects on a priority basis.
- The platform offers an easy-to-navigate Mobile Application for both Android and iOS users.
- Features 24/7 Live Support along with traditional email Ticket Options and Help Center
Cons
- Some users may find the interface complicated, and the features may not be as impressive as they would like.
- Liquidity for some low market cap Altcoins might be low.
CoinW Customer Service
CoinW is pursuing exceptional user experience constantly. It provides online customer service personnel, available 24/7 annually, assisting users anywhere and anytime. Apart from Live Support, CoinW also features a help center where the most frequently asked questions are answered. So, overall, in terms of Customer Service, CoinW is doing a fine job.
How to Use CoinW
In order to utilize services offered by CoinW, create an account on the Exchange by either downloading the application or accessing the platform through the website. Once an account is created, you are free to utilize any of the services offered by the platform.
Coins CoinW Supports
The platform supports over 300 cryptocurrencies from Bitcoin to Altcoins and Meme coins such as Shiba Inu, Dogecoin, and more. Additionally, CoinW is not limited to specific Blockchain networks and also supports Binance Smart Chain to Ethereum Network (ERC-20) and more.
How to Deposit on CoinW
Depositing on CoinW is easy and pretty straightforward similar to other Exchanges. If you are a beginner, then follow the below steps to understand how the deposit process works on the platform.
Log in or Create an Account
If you already have an account with the Exchange, log in to it. If you are a newbie and don’t have an account then create one. In order to do this, go to the Official Website and Click on the Sign-Up button available in the top right corner.
After that fill out the basic necessary details such as Mobile Number and Email address and set up an account.
Unlike other Exchanges, here on CoinW, KYC is not a compulsory process to deposit or withdraw cryptocurrencies. Hence, basic account verification on the Exchange will be enough to deposit and start trading.
Go to Deposit
After successfully creating an account, the next step is to go to the Deposit section. For that, tap on the “Wallet” option available on the right side menu bar and then click on Deposit, as a pop-up appears.
Select CryptoCurrency and Network
When you click on deposit, you will be redirected to the deposit page. Here, first select the cryptocurrency by scrolling down through the options in the “Currency” section, and after that, choose “Principal Network type”. Unlike other Exchanges, for each cryptocurrency only a major network is available for deposits. For, example ETH users can only deposit via Ethereum Network and BNB holders can only deposit via the BNB network. Apart from that, there are no different network choices available.
Copy Generated Address and Transfer
As you select the currency and network, the deposit address will automatically be generated. Now, copy that address and go to the Withdrawal platform, whether it’s a third-party Exchange or a Private Wallet. Here, by navigating through their interface, transfer the cryptocurrency to the copied address. Once, the transaction is validated on the Blockchain, it will be reflected in your CoinW wallet.
How to Withdraw on CoinW
The withdrawal process on the platform is also pretty much similar to the deposit. But, after tapping on the “Wallet” option available in the header menu, next choose “Withdraw” instead, and you will be redirected to the Withdrawal page. Now, fill out the required information such as “Withdrawal Address”, and the number of coins you want to withdraw then click on “Withdraw” to successfully transfer your crypto from CoinW to your desired wallet/Exchange.
How to Transfer From CoinW to Coinbase
There are no restrictions on transferring cryptocurrencies from CoinW to Coinbase. In order to do this, first of all, copy the deposit address from Coinbase then follow the Withdraw Process of CoinW to successfully transfer your crypto from CoinW to Coinbase.
Please exercise caution and carefully verify all information before proceeding. Choosing the wrong network can result in losing your funds permanently.
Additional Services Offered by CoinW
Apart from traditional Crypto Trading, some other worth noticeable services provided by the platform include:
Staking Feature
The platform offers two types of Staking, which include CoinW Earn and Auto-Invest. Both of these staking options are available under the “Finance” category listed in the website homepage navigation. Using any of these methods, users can stake their investment and in return earn rewards.
Copy Trading
Copy Trading is another innovative feature recently added to the Platform. Using Copy Trading, users can follow the trades of expert traders and gain profits without prior knowledge of the crypto market and chart understanding.
Launchpad
Just like other top-tier Exchanges, it also has a Launchpad option for traders who are willing to invest in upcoming crypto projects before they went public. Additionally, by participating in Launchpad activities, users can earn rewards in the form of bonuses, Crypto Airdrops, and more.
HyperPay Wallet
HyperPay Wallet is a unique wallet service offered by the CoinW platform. It is an investment wallet that offers sustainable financial returns on investment both at Flexible and Fixed Terms Coins Lockup. HyperPay wallet has already been used by over 300K users worldwide and is continuously growing.
CoinW Review
Review and basic information of CoinW are as follows.
| Crypto Exchange Basics | CoinW |
|---|---|
| Official Name | CoinW |
| Exchange Representative (Founder) | |
| Headquarters Location | Dubai |
| CoinW Launch Date | 2017-07 |
| Number of Tradable Crypto Pairs | 475 Pairs |
| Weekly Visits | 2,285,357 Users |
| Overall Rating | ⭐ / 5.0 |
The rating result at the top is the result of Coin-Labs.com's overall evaluation of CoinW.
CoinW was rated in seven categories: fees, diversity and quality of the services provided, security capabilities, etc.
CoinW Fee 2024
The fees charged to you for transactions at CoinW are as follows.
| Maker/Taker Fees | CoinW 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 CoinW transaction fees charged to a regular user.
CoinW Trading Volume
Trading Volumes of CoinW are as follows. (Based on CoinMarketCap 2024-10-12 14:41:22 data)
| Trading Volume Items | CoinW Trading Volume |
|---|---|
| Daily Trading Volume (24h) | 12,245,960,113,489 KRW |
| Weekly Trading Volume (7d) | 103,963,694,164,327 KRW |
| Monthly Trading Volume (30d) | 364,487,355,577,693 KRW |
| Daily Volume Change (24h) | -13.33% |
| Weekly Volume Change (7d) | -2.83% |
| Monthly Volume Change (30d) | -4.52% |
Communicate with CoinW
You can check exchange's messenger and SNS information in the table below.
| Types | URL |
|---|---|
| https://twitter.com/CoinWOfficial | |
| 🎺 Messenger | https://t.me/coinwoff |
FAQs
Who founded CoinW exchange?
CoinW was founded in 2017 by .
Where is CoinW located?
Currently, CoinW's headquarters is known to be located in the Dubai.
How many cryptocurrencies are tradable on CoinW?
If you join CoinW, you can trade a total of 475 crypto pairs.
How much is CoinW trading fee?
CoinW has a spot maker fee of 0.2% and a taker fee of 0.2%. 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 CoinW, the lower the fees.
How much is CoinW trading volume 24h?
CoinW's trading volume 24h is 12,245,960,113,489 KRW. Furthermore, the daily trading volume is showing a -13.33% change from the previous day.
How much is CoinW weekly trading volume?
CoinW's weekly trading volume is 103,963,694,164,327 KRW, with a total of 2,285,357 users. Furthermore, CoinW's weekly trading volume is showing a change of -2.83% from the previous week.
How much is CoinW monthly trading volume?
The monthly trading volume of CoinW is 364,487,355,577,693 KRW. Furthermore, this month's trading volume is showing a change of -4.52% compared to the previous month.
