What is CoinEx
CoinEx was released in December 2017 as a global cryptocurrency exchange. It claims that the core members of its team have backgrounds in finance and world-leading internet firms, with some of them even being early adopters and professionals within the cryptocurrency landscape, all of whom boast of their rich experiences within the services and global operations aspects of the sector.
The exchange also comes with a proprietary matching system for trades and seeks to offer a satisfactory user experience, all while dedicating its time towards building a stable, trustworthy, and efficient virtual exchange, something that the global audience may appreciate.
How to Register on CoinEx
If you are interested in what this exchange has to offer or if you are a newcomer to the cryptocurrency space and this exchange has caught your attention for some reason, then this guide is for you. So, we will be looking at how you can get on board with CoinEx, covering its registration and KYC processes, respectively.
Step 1. Visit the CoinEx Website
While you can download its mobile application and create an account through that as well, we will instead use its website as an example here. So, open any web browser you are comfortable with on your desktop and pay its website a visit. Once there, on the homepage, click the Register button at the top.
Step 2. Enter Your Email Address
While other exchanges come with the option of registering through your phone number, it does not seem like that is provided on CoinEx. So, you can only add your email address here, which will be linked to your account at CoinEx, so make sure that it is secure and then enter it within the relevant field.
Step 3. Set a Strong Password
As with the registration processes that one can find on any other cryptocurrency exchange, a password will need to be set up, and a strong one at that. Consequently, see to it that the password you want to enter includes some special characters, numbers, and letters, both lowercase and uppercase.
So, with all of these characters combined, your password should, at the bare minimum, have at least 8 characters; however, the more, the better. Other than that, see to it that the password you have entered is unique to this exchange in that it shouldn’t have been used anywhere else.
Step 4. Enter a Referral Code
If someone has invited you to this platform, then you can enter their referral code. Entering referral codes can be favorable since they allow one to acquire some sign-up bonuses and more. However, if you do not have one, then look for it online or simply skip this part since it is optional.
Step 5. Agree to the CoinEx Terms of Service
When you are creating an account on an exchange, it is recommended that you go through all of the rules, terms of service, and policies that the exchange outlines so that you may be properly informed of anything that you don’t find agreeable, i.e., anything that may entail you re-evaluating your decision to register here. So, after you have read its terms of service, check the box that says, “I’ve read and agree with the CoinEx Terms of Service,” to signify your agreement.
Step 6. Enter Your Verification Code
All that is left to do now is for you to enter the verification code that you will find shared with the email address that you added earlier. So, from your inbox, copy that six-digit code and then enter it on the CoinEx registration page so that your email address gets verified. Now that your account has been created, it would be preferable if you went through its KYC process as well, which is covered below.
How to Verify on CoinEx
Like most cryptocurrency exchanges these days, CoinEx comes with a KYC process, which you might want to undergo if you don’t want to be subject to any withdrawal limits or have limited access to some of its services.
Step 1. Go to Account Settings
So, you can start the KYC process by logging into the account you have just created. On the homepage, click on Account, which you will find at the top, and from that drop-down menu, select Account Settings.
Step 2. Fill in Basic Info
On the account settings page, click the Personal Verification option. Following that, there will be an Attention section that will have a few notes, so carefully go through them, and once you have done so, check that declaration checkbox below and click the button that states I’m all set for ID verification. Click Next after you have correctly filled in what’s required in the Basic Info section.
Step 3. Choose Upload Method
Here, you will need to choose the method that you will use to upload the relevant documents, which include Continue on mobile, Take photo using webcam, and Upload file from this device. Follow the steps outlined once you have chosen your preferred upload method, and after that, go through the Face Recognition section to finally be done with the KYC process.
FAQs
How to Create an Account on CoinEx
To create an account on CoinEx, just head over to its official website, click the Register button at the top, and follow the steps required of you here, like entering your email address, setting up a password, etc.
How to Enable 2FA on CoinEx
Google Authenticator serves as a TOTP (time-based one-time password) verification tool that can produce a dynamic six-digit verification code. Moreover, these codes tend to be based on certain natural variables and encryption algorithms, like physical objects, time, etc. To improve the security of your account, CoinEx recommends using Google Authenticator to enable 2FA (two-factor authentication) for cryptocurrency transfers, account logins, and more.So, head over to the Play Store to download the Google Authenticator application. Once you have it installed, head back to the CoinEx website, log in, go to your account settings, and under the account verification page, click on Set within the TOTP field. Then, simply follow the instructions outlined by CoinEx to enable 2FA for your account, like scanning the QR code and then entering the TOTP code.
Does CoinEx Force KYC
No, CoinEx does not make KYC mandatory. You can withdraw up to $10,000 without going through KYC.