What is CoinEx? Is there anything unique about it? Why are its current users banking on it? These are some of the key questions that I will be addressing in this review. Since my objective is to help you decide whether you will rely on CoinEx or not, I shall go about the review by discussing everything under the following subtopics:
- What is CoinEx about?
- How is the registration process at CoinEx?
- What are the main features of CoinEX?
- How much money should you expect to be charged?
- How does one deposit their funds to a CoinEx account?
- Is it a genuine one?
- What are its pros and cons?
Name of company: CoinEx
Official Website URL:https://www.coinex.com/
Overall rating : (3.5 / 5)
Recommended: Not highly. Have you heard about Capitalist Exploits though? It is a better option
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What is CoinEx about?
CoinEx is a popular crypto exchange company that is based in HongKong. It was founded in 2017 and has been serving many users since then. The company has a platform that is well-known for the manner in which it offers a low-cost coin-to-coin exchange model. Most of the users of this platform seem to be quite interested in exchanging their cryptos with Bitcoin Cash. The same users can only anticipate things to get better with CoinEx’s intention to launch its own coin which is known as CoinEx Token (CET). This crypto is expected to feature in a significant number of the future exchanges.
Another reason why CoinEx is very popular is due to its service known as the Accelerator, which promotes and helps CoinEx users run and maintain all valuable blockchain projects. If you have a blockchain project that you think is exemplary, you can reach out to the support staff at CoinEx to create an arrangement in which you can contribute to the world. If your project is solid enough, you may end up getting remunerated when it starts generating profits.
The registration process at CoinEx
When it comes to registering on this platform, everything is quite simple and straightforward. The main registration requirement is an email address that is active. You will need this during the verification phase. Upon registering and verifying your account, you should proceed to ensure that the account is secure by binding the Google Authenticator and your phone number.
The features offered on CoinEx?
As a person who is interested in taking advantage of the features that are offered by a coin exchange platform, you will love CoinEx for having these features:
1. This platform offers leveraged trading
You can take advantage of CoinEx’s leveraged trading to get more returns from your coin exchanges. The thing about leveraged trading is that it offers the potential of high returns, and also of high losses in the event things do not work in your favor. The forces of the market can either boost your finances or diminish the little ones that you have. With the leverage of 100x, you can gain close to 100 times the coins you bet with, but you can also lose close to 100 times the number of coins that you bet with.
2. The CoinEx Mobile App
If you are the type of person who makes your trades or exchanges on the go, then you can bank on the CoinEx mobile app which is available for both Android and iOS. This app makes it easy for you to trade with great convenience.
3. There are many altcoins that you can pair on this platform
CoinEx has several digital coins that you can exchange at will. They include:
- Bitcoin Cash
- Bitcoin Candy.
The most common pairs that the users of CoinEx exchange are as shown below:
4. The easy-to-use trading platform with advanced charting tools
CoinEx seeks to offer unmatched simplicity by provviding its users with a web-based platform that looks easy to use even from a first glance. You may even think that it does not have sufficient tools for you to use. If you however click on “Charting” as displayed on the dashboard, you will gain access to many advanced tools. These tools are powered by TradingView.
5. CoinEX Chain
CoinEx has its own native token that goes by the name of CoinEx Chain. This token’s what paper was presented to the public back in June 2019. Some of the unique things about CoinEx Chain that make it a popular token are:
- It facilitates community driven operations
- It has transparent trading rules
- There are self-controlled user assets
What fees can you expect with CoinEx?
The main fees that this company charges are trading fees and withdrawal fees. Most of the companies I have looked at usually offer services that are priced almost in a similar manner to CoinEx. The fees charged are:
- Trading fees – 0.20% flat fee
- Withdrawal charges – 0.0006BTC per every BTC withdrawal.
How do you deposit your funds with CoinEx?
At the moment, you can only deposit your funds to a CoinEx account in the form of cryptos. If you are getting started with cryptocurrency investments, then it will be necessary for you to look for coins from other reliable crypto exchanges, then you can make the deposit into a CoinEx account right after a successful registration.
How genuine is CoinEx?
CoinEx is 100% genuine. This is a company that has been in existence for more than two years now and has not had any issues related to fraud. It has earned the trust of quite a number of users on a global scope. The reviews I also cross-checked with several other consumer trust sites indicate that CoinEx is indeed genuine. It has a (3.5/5) star rating on Trustpilot.
This company, unfortunately, has some outstanding issues reported about the nature of their customer service, which is quite discouraging. I would rather you work with a reliable company such as Capitalist Exploits, which is out to help you earn guaranteed returns on your investment.
Pros and cons
- High security
- Advanced charting tools
- There is an easy to use platform
- CoinExffers leveraged trading
- Several cryptos
- There are low transaction fees
- It does not support fiat currencies
- There is a minimum withdrawal fees requirement
- Does not offer margin trading
With the above information, you are well equipped to answer a question about what CoinEx is. If you have some extra remarks, feel free to drop them in the comments section. Also, you can have a look at the company that is offering investors solid advice to get them through these very challenging economic times.
All the best,