CoinEx Review – Is This Cryptocurrency Exchange A Top Choice?

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By Alex Halstedt

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Coinex Review

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CoinEx Review

  • Trading Platform
  • Ease of Use
  • Fees
  • Trading Tools
  • Platforms Offered
  • Customer Service
  • Platform & Account Security


CoinEx is a mainstay cryptocurrency exchange designed to meet the needs of every trader. Founded in 2017, this exchange allows for the trading of more than 500 tokens, including its own CoinEx token, and over 860 trading pairs. CoinEx’s variety of tools and features include fiat currency trading, a swap market, spot trading, futures trading, mining, and more. Learn more about this crypto exchange by reading our complete CoinEx review.


  • Large number of crypto assets and trading pairs
  • Quick swap, spot with margin trading opportunities, and futures market
  • Easy-to-use interface for each market
  • Trading fees comparable to the industry average
  • CoinEx security has many measures in place to ensure customer safety


  • No direct fiat onboarding, though it does accept fiat currencies through 3rd parties, with massive support for a large number of fiat currencies

Looking for a mainstay cryptocurrency exchange for all of your trading needs? It can be a bit of a challenge to figure out which is best for you, especially with the growing number of different cryptocurrency exchanges in the industry.

Luckily, we are here to make this process a little easier for you. In this article, we will provide a full CoinEx review. Some of the things we will cover in this CoinEx review will include:

  • A brief history of the CoinEx exchange
  • The various trading services that CoinEx offers
  • CoinEx trading fees and other associated fees
  • CoinEx security measures and customer support
  • The process of creating a CoinEx account
  • A rating of how CoinEx compares to other exchanges in the industry

By the end of this exchange review, you should have a stable understanding of every service provided by this exchange. As this exchange review is for educational purposes only, none of its contents should be taken as financial advice. You are encouraged to consult a financial advisor before trading on any cryptocurrency exchange.

Coinex Main

A Brief History Of The CoinEx Exchange

CoinEx got its start at the tail of 2017 during the first major boom of cryptocurrency trading. Since then, the CoinEx team has consistently added to the trading platform, aiming to satisfy the needs of every kind of trader. 

The team behind CoinEx has an extensive history of working with finance companies from world-leading internet services. Using their experience, the team has ensured that CoinEx is a worthwhile platform in all of its global operations. 

Some of the newest implementations include the CoinEx Chain, which the exchange claims is the first public chain that the world has seen. This public chain is designed to provide a decentralized exchange for traders who wish to use a DEX rather than a centralized platform. 

This exchange has plenty of room to grow. From 2021 to 2022, CoinEx has seen trading volumes range from $52 million to nearly $550 million. As word spreads about this exchange, new users will inevitably migrate to the platform. CoinEx is primed for international use as it supports multiple languages on its platform.

The CoinEx exchange is located in the United Kingdom. Because it is a centralized exchange, you will have to submit personal information to comply with KYC/AML laws. Be sure to do your own research to ensure that your residence is one of the supported jurisdictions, as there are geographical restrictions as to which countries can use its services.

CoinEx Trading Pairs

On the CoinEx exchange, you’ll find a very large offering of different tokens and trading pairs. Currently, there are over 500 different tokens available on this trading platform. Among these tokens are over 860 different trading pairs possible in the various markets found on the trading platform.

Aside from the major mainstream tokens, some of the tokens offered include:

  • Shiba Inu (SHIB)
  • Zilliqa (ZIL)
  • Terra (LUNA)
  • BakerySwap (BAKE)
  • Smooth Love Potion (SLP)

Within the various markets found on CoinEx, you’ll find that there are several different base pairs available. These include:

  • USDC
  • USDT
  • BTC
  • ETH
  • BCH

Is There Onboarding For Fiat Currencies?

CoinEx does accept fiat currencies via partnerships with 3rd party services. Using the CoinEx Fiat market, you can opt to buy different coins in order to fund your trading account. Each 3rd party service has its own rates and fees associated with using the service, so you will be paying a slight premium by using this service. The minimum deposit amount also greatly depends on the fiat you are using.

The tokens available to purchase or sell with this section of the CoinEx platform include:

  • USD Coin (USDC)
  • USD Tether (USDT)
  • Bitcoin
  • Ethereum

There is a very large range of fiat currencies supported with this service, with 68 in total. These fiat currencies include:

  • USD (US Dollar)
  • HKD (Hong Kong Dollar)
  • EUR (Euro)
  • AUD (Australian Dollar)

It should be noted that this is the only way that CoinEx supports fiat coming into an account. You will not be able to transfer fiat into your account using a bank transfer like you would with other crypto platforms. Instead, you must use this 3rd party method or fund your account with crypto assets.

Unfortunately, these are the only fiat deposit methods available on this cryptocurrency exchange. However, you’ll find that this is pretty comparable to the industry average, as other crypto platforms generally tend to have minimal fiat deposit methods to deposit funds into accounts.

Coinex Fiat

CoinEx Cryptocurrency Exchange Services

Before you decide if CoinEx is the right exchange for you, it is important to know and understand the different trading services that the exchange offers. In this section of the CoinEx review, we will cover every facet that can be found on the exchange. This will help you to understand how CoinEx compares to the industry average amongst other exchanges.

Swap Market

Looking for a quick and easy way to transfer one coin into another? CoinEx’s Swap market is designed for just this purpose. The Swap market has a very easy-to-use interface that essentially lets you swap your digital assets into a different coin. 

Many exchanges in the industry tend to have this function. Where CoinEx differs is that every coin offered on the exchange can be utilized in the Swap market.  

To use this market, simply select the token you are holding and the amount you wish to swap. Then, select the token you wish to swap into. CoinEx will give you an estimate of how many units you will receive in the swap. Once you’ve completed this function, the newly swapped tokens will appear in your account once the cryptocurrency transactions clear.

Coinex Swap

Spot Trading Market

CoinEx has a traditional market for spot trading. This market works in a very similar manner to any other type of spot market you’ve likely encountered on other crypto exchanges. With this, CoinEx users can analyze the market depth and real-time information to make a trade when they feel an opportunity arises.

The interface is very intuitive with a clean layout that is easy to navigate. Within the interface, you’ll be able to see a running order book, your order history, as well as the order history of the trading pair you are trading.

CoinEx’s spot trading platform also features integration with Trading View. You’ll have access to all of Trading View’s cutting-edge technical analysis tools to gain an edge on the market. 

Interested in margin trading? CoinEx offers margin trading directly through this platform. All you need to do is simply click the tab for margin trading, and the platform will automatically adjust. Only certain pairs are offered with margin trading, with leverage ranging from 3x-10x.

When scanning the list of trading pairs to trade, CoinEx makes it easy to find what you’re looking for via its organization of pairs. You can search by base pair, or conveniently arrange the list by alphabetical order, price, or market cap.

Coinex Spot

Futures Trading

Experienced traders will feel right at home with CoinEx’s Futures trading market. Within this market, you can trade perpetual contracts of a wide variety of USDT-based pairs in both linear contracts as well as inverse contracts. Leverage in this market ranges from 50x-100x depending on the asset.

You’ll find that the futures trading market uses the same layout as what is found with the spot market. This makes it extremely easy to navigate as there are no differences between the two, aside from the market’s method of trading.

Coinex Futures

Other Features Offered On The CoinEx Exchange

Aside from trading, CoinEx has a few different services on its platform. These vary in range and scope but aim to offer CoinEx users options for building their portfolios outside of purely trading, itself. Let’s take a closer look at each of these offerings in closer detail.

CoinEx Token

CoinEx has its own exchange token, called CoinEx Token (CET token). This exchange token allows users multiple benefits, including:

  • Discounts on trading fees
  • Transaction fee discounts
  • Promotional privileges 
  • VIP membership
  • Access to CoinEx chain, in addition to the public chain

The total supply of the exchange token aims to be 3 billion. Each day, CoinEx repurchases the token and burns supply. This supply is burnt via half of the supply collected via transaction fees and all of its monthly collections. This burning will continue until the 3 billion total supply target is met.

Once this target is met, CoinEx will continue burning (in smaller increments) until there are no more tokens in supply. The continual burning ensures that the token will always gain value according to the laws of supply and demand.


CoinEx has a promotional Mining program that allows users to reap dividends by various means. Currently, there are 3 different types of Mining offered on the platform:

  • Lock & Stake
  • Match Maker Mining
  • Trade-Driven Mining
  • Ask & Bid Mining

Lock & Stake essentially allows users to lock up the exchange’s token in exchange for the asset that is being promoted in the current program. These events happen within set windows of time, so it is up to the user to check when the next program takes place.

Match Maker Staking works in a similar fashion. Except, with this program, users are essentially providing liquidity to the market according to the trading pair that is supported in the event.

In Trade-Driven mining, users can make trades on a particular asset to share in a supply of the asset in the promotion. 

Ask & Bid Mining essentially promotes matchmaking on the exchange. To participate, your ask and bid limit order history will help to determine how much of an asset you are awarded.

Coinex Mining

Airdrop Station

CoinEx has an educational platform that rewards its users for taking the initiative to learn about different assets on the cryptocurrency exchange. These all take place within a set period of time with the exchange usually announcing a new offering. By learning about different assets and answering questions, CoinEx will airdrop a small amount of the asset into the user’s wallet.

Coinex Airdrop

CoinEx Mobile App

If you find yourself frequently on the go, CoinEx has a mobile app that allows you to manage your trading account wherever you may find yourself. You can easily make trades on the CoinEx app just as you would on the web-based site. The app is available for both iOS and Android devices.

Coinex Mobile

Ambassador Referral Program

If you’re an influencer in the cryptocurrency community, you might find value in the CoinEx Ambassador program. This is essentially a referral program that rewards those who refer new users to sign up with the exchange. 

Users can earn a commission of up to 50% of their referral’s trading fees. The amount a person can make varies as there are different levels based accordingly on how many users are referred as well as their overall trading volume.

Coinex Ambassador

CoinEx Trading Fees

The fee structure found on CoinEx varies depending on trading volume as well as CET holdings for fee discounts. For the most part, there is a flat fee of 0.2% on the Spot market, with the Futures market having a maker/taker fee structure of 0.3%/0.5%, respectively. Compared to the trading fees seen with other crypto exchanges, these are pretty low trading fees. 

The following is the full structure for any trade made on the Spot market:

Coinex Spot Fees

The following is the full structure for any trade made on the Futures market:

Coinex Futures Fees

You’ll be happy to know that there are no deposit fees associated with any of the exchange’s deposit methods. However, there are withdrawal fees to be had with making a withdrawal. Each withdrawal fee is dependent upon the asset itself and the network conditions of the asset being withdrawn. 

Before making a withdrawal, be sure to check what the withdrawal fee is for the asset you are transacting. Withdrawal fees can often put a dent in potential profits, and you may be able to transact in an asset that has a lower withdrawal fee.

Is CoinEx Exchange Safe?

For those wondering, “Is CoinEx Exchange safe?” you’ll be happy to know that CoinEx has various security measures in place to ensure the safety of the cryptocurrency exchange and its users. In its own words, the exchange claims to provide full-dimension protection amongst its various markets.

Among these is a high-speed matching engine designed to process up to 10,000 transactions every second. The exchange also monitors the IP addresses of every action taking place on the platform. CoinEx also uses an API withdrawal whitelist to ensure that only trusted addresses and apps can perform withdrawals for each person’s account.

All funds that are stored on CoinEx are stored in cold wallet storage. This method of storage ensures that funds are not readily accessible by anyone who is not authorized access to them. Cold wallet storage is the industry average amongst cryptocurrency exchanges.

In addition to this, users can enable Two-Factor Authentication for their accounts. This will send SMS codes to the user providing a unique identifier code to enable certain actions such as logins and withdrawals. A 3rd party application (such as Google authenticator) can also be used in this manner to obtain a unique identifier code. 

There have been no hack attempts on CoinEx as of the time of this writing. CoinEx security is sure to be able to handle any such attempts should the occasion arise. 

CoinEx Help & Support Team

If you’re new to the space, CoinEx has made it a worthwhile venture to be a part of their exchange. You’ll be able to brush up on all of the exchange’s offerings via the Help section. Within this, you’ll find numerous articles covering every service provided by the exchange.

Should you have a question, there is an in-depth FAQ section that can likely provide a quick answer. However, if you should have any specific issues with your account, you can always contact the CoinEx support team by clicking the Help icon on any of the website’s pages. The support team will respond with a solution to your inquiry in a timely manner.

Coinex Help

Creating A CoinEx Account

The process of creating a CoinEx account is very simple and can be completed in a matter of minutes. To begin, simply click on the “Sign Up” button found on the website. This will prompt you to provide a valid email address as well as your desired password. You can also provide a referral code at this time if you have one.

Once you’ve completed this step, CoinEx will send you an email with a verification code. Once you have verified your email with the verification code, you will need to supply personal information for KYC rules before you can start trading.

Coinex Sign Up

CoinEx Review Conclusion

In conclusion, Coinex is a very worthwhile exchange that provides a massive number of different assets and trading pairs to trade. No matter if you’re a beginner or professional, CoinEx has cryptocurrency trading services to fit your style. The future will likely see CoinEx continue to grow in size and popularity.

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Alex Halstedt

Since 2012, Alex Hastedt has been fully immersed in the world of cryptocurrency. Since then, he’s continually educated himself on the latest developments within the crypto space. With over 3 years of formal business education, as well as over 5 years of trading experience (with over 400 hours of education), Alex commits to providing honest assessments of cryptocurrency projects and exchanges. It has become a personal mission of his to help educate those who may be new to the space, that they may not fall prey to poor decision making and other potential pitfalls he has witnessed others experience.

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