CoinEX is an overseas cryptocurrency exchange based in the United Kingdom. Established in December 2017 based in Hong Kong, Bitcoin Cash handles 139 types of virtual currencies on the key currency exchange. The number of cryptocurrency pairs handled is quite abundant with 353 types, so traders will not be inconvenienced. CoinEx’s Maker Taker fee is as low as 0.1%. It is cheaper than other companies, so I recommend it. CoinEx is also the world’s first exchange that uses Bitcoin Cash as its key currency.
Company information
CoinEX is a cryptocurrency brand operated by COINEX TECHNOLOGY LIMITED. The cryptocurrency trading service will be available in 2017, and it is still an emerging company.
| Company Name | COINEX TECHNOLOGY LIMITED |
| Headquarters location | United Kingdom |
| Business start date | 2017 |
| Capital | Unpublished |
| number of employee | Unpublished |
License
A financial license is issued by the financial authorities of the country and is a permit for conducting a financial business. Without this, you cannot carry out business activities. The countries with strict examination standards in the world are said to be the United Kingdom and Cyprus. The UK Financial Conduct Authority (FCA) has very strict not only license acquisition but also maintenance standards, such as having to compensate up to £ 85,000 per person in the event of a Forex trader’s bankruptcy. The Cyprus Securities and Exchange Commission (CySec) is said to be the second highest screening country after the United Kingdom. So is he licensed for CoinEX?
| Company Name | Acquisition license |
| COINEX TECHNOLOGY LIMITED | US MSB license |
Email support
If you have any trouble, you can usually contact us by live chat or email, but the response is very fast. CoinEX does not provide telephone support.
| Inquiry method | Contents |
| CoinEX is accepted 24 hours a day, 365 days a year on the official page, so you can send it without worrying about the time. In most cases, you will receive a reply within a day. | |
| Live chat | CoinEX is accepted during business hours on the official page. Use it if you want an immediate answer. |
Supported language
The following languages are supported (on the official page). We can support you in so many languages.
- Japanese
- Arabic
- Spanish
- French
- Persian
- Portuguese
- Russian
- Simplified Chinese
- Traditional Chinese
- English
- Korean
Withdrawal method
There is a way to withdraw with virtual currency. Select Withdrawal from the Assets tab on the official page. Click “Withdraw” for the currency you want to withdraw. Click “Current Address”, enter the withdrawal address, and click “Get SMS Verification Code”. You will receive an SMS with a 6-digit verification code, please enter it. Then enter the withdrawal amount and click “Withdraw Now” to complete. Withdrawal fees are set for each currency. In addition, the minimum withdrawal amount is fixed.
| currency | Withdrawal fee | Minimum withdrawal amount |
| BTC | 0.0001BTC | 0.001BTC |
| BCH | Free | 0.001BCH |
| ETH | 0.01ETH | 0.01ETH |
| USDT | 1USDT | 1USDT |
| XRP | 0.15XRP | 20XRP |
Payment method
There is a way to pay method with virtual currency. Select Deposit from the Assets tab on the official page. Click “Deposit” for the currency you want to deposit. After selecting the protocol type of the currency you want to deposit, enter the deposit address. In addition, the minimum deposit amount is set. See below. There is no deposit fee with CoinEx.
| currency | Minimum deposit |
| BCH | 0.0001BCH |
| BTC | 0.001BTC |
| ETC | 0.001ETC |
| ETH | 0.01ETH |
| LTC | 0.001LTC |
| XRP | 1XRP |
Account opening
Only one of the following items is required to open a CoinEX account.
- email address
Go to the official website and click “Sign Up”. After entering your e-mail address and password, read the terms and conditions, check them, and click the “Register” button to complete.
You can set up two-step verification. Account page Select Google two-step verification. You will be asked to verify your identity by email, so click Get Verification Code to verify your email. Enter the verification code to proceed. Scan the QR code with Google Authenticator, enter the 6-digit number displayed, and click Associate.
Transaction system
The following transactions are possible.
- In-kind trading
- Leverage trading
Transaction fees
With CoinEX, you can trade with a commission of 0.1%. There are many cryptocurrency exchanges, and transaction fees vary from free to 0.3%. As a discount, the commission on the transaction amount is often discounted.
| Exchange | Maker | Taker |
| CoinEx | 0.1% | 0.1% |
| Poloniex | 0.1% | 0.2~0.1% |
| BINANCE | 0.1% | 0.1% |
| BITTREX | 0.25% | 0.25% |
| BitMEX | -0.025% | 0.075% |
| Huobi | 0.02% | 0.03% |
| Bitfinex | 0.1%~ | 0.2% ~ |
| KuCoin | 0.1% | 0.1% |
| coinbase | Free | 0.3~0.1% |
| Kraken | 0.16%~ | 0.26%~ |
Currency pair
CoinEX handles 139 types of currencies and handles 353 types of virtual currency pairs. The following is an example, but you can trade many other coins. Please check the official page as the coins handled may change each time.
| Brands handled |
| BTC |
| BCH |
| LTC |
| ETH |
| XRP |
Scalping trade
Scalping trades are allowed in CoinEX. However, please be careful. Unlike foreign exchange, the price range of virtual currencies is very volatile. If you go the other way, be sure to decide the withdrawal point. If you go the other way, you may lose all your money.
Automatic trading is at your own risk
Recently, some people are selling automatic trading systems that support CoinEX. However, automated trading carries great risks. When a one-sided trend appears, the unrealized loss becomes large and all the principal is often skipped. Furthermore, in the case of virtual currencies, trends are more likely to occur than foreign exchange, and price range fluctuations are more likely to occur. You may lose all your money in one trade, so please understand before deciding whether or not to do it. Discretionary trading is recommended.
Low risk, low return for beginners
Beginners should not be familiar with cryptocurrency FX yet, so let’s start with low risk and low return.
Whether or not withdrawal is refused
It will be the most worrisome place for traders who actually trade. There is no Forex company that refuses to deposit, but I am wondering if I can really withdraw when I can make a profit. What about CoinEX, as some companies run away at worst? The patterns of withdrawal refusals from past cases are summarized below.
| Case study | Contents |
| Withdrawal information error | You cannot withdraw if the withdrawal destination is incorrect. |
| Under maintenance | Withdrawals may be delayed during system maintenance. |
Full support
CoinEX handles 139 currency pairs and is more complete than other exchanges. In addition, there are many supported languages, so you can say that you can rest assured.
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