Good Project: What is the CoinEx Exchange? 2019 Review

What is the CoinEx Exchange? 2019 Review

If you’re interested in finding out more about the CoinEx cryptocurrency exchange, then you’ve come to the right place. Read our in-depth review to learn more about CoinEx and determine whether or not it’s the right exchange for you. We’ll provide key information concerning CoinEx and also show you how to set up an account. So, without further ado, let’s jump right into the details around CoinEx.

Who Are CoinEx?

CoinEx was established in late 2017 and is an international cryptocurrency exchange. The CoinEx core team members, led by Yang Haipo, are some of the best finance and internet professionals from around the world. The CoinEx team includes early cryptocurrency adopters with plenty of international experience.

The company is registered in Hong Kong, much like Binance and Bitifinex, and are a sub-brand of ViaBTC, a company that Haipo also founded. CoinEx has established and engaged in relationships with other groups within the cryptocurrency sector. Most notably, they have partnerships with Blockchair and Bitcoin Cash.

Currently, CoinEx services are available in over 100 countries. It does not, however, include areas which have banned digital currencies. It is available to citizens of the United States, mainly due to its lack of traditional currency involvement. CoinEx offers a proprietary trading system to its users and states that it is dedicated to providing an efficient, stable, and secure exchange.

How to Use CoinEx – Our Step-by-Step Guide

In the guide below we’ve covered all the information you’ll need for the CoinEx digital currency exchange. From account setup to the cost of trading, everything you need to know is in our step-by-step CoinEx guide.

Key Facts

It can be a challenge to find the cryptocurrency exchange that’s right for you. Thankfully, you have us here at Total Crypto to weed out all the unnecessary chatter to give you the information you need. To get you started, here are some key facts about CoinEx that you might find useful.

Wide Crypto Trading Variety

There are plenty of cryptocurrencies from which users can choose. The primary coins users will recognize as used on all other major exchanges. These include Bitcoin, Tether, Ethereum, Bitcoin Cash, and many others.Secure Ecosystem

The Coinex platform utilized several protocols when it goes about securing its framework. Thanks to its “Full Dimension Protection,” you can be sure that all your exchanges and payments are protected and secured.

User-Friendly Interface

Using the CoinEx platform is simple and straightforward. Whether you’re new to the CoinEx system or an experienced cryptocurrency trader, you’ll find it easy to move and navigate throughout the exchange.

Fast OTC Transactions

CoinEx can process Over the Counter transactions very quickly. This means that exchanges performed on CoinEx aren’t limited to specific currency standards, however, trades can be completed using digital currencies.

Payment Methods

You can only perform cryptocurrency trading on the CoinEx platform, which mimics other exchanges like Poloniex and Binance. CoinEx currently does not allow for deposits with fiat currencies, so you’ll have to deposit cryptocurrencies from another platform to begin trading.

Currencies

CoinEx supports many digital coins, with more joining the platform as users vote them in. By voting them in, users can ensure that the digital currencies they want to trade are available in the marketplace.

Friend Referrals

If you want to earn some additional rewards, users can refer friends to the exchange. By inviting their referrals, users can earn CET (CoinEx Token) to trade on the CoinEx platform.

CoinEx Exchange Fees

Users can expect the following fees when using the CoinEx digital currency platform:

Trades

CoinEx makes use of maker and taker fees on its platform. Market makers are traders who will sell or buy at a given price. These users create the depth for the market. Takers, on the other hand, are actively looking for an acceptable buy/sell option and then they accept it. Maker and trader fees are both 0.1% each.

Deposits/Withdrawals

Because CoinEx does not have fees that are as high as other exchanges, withdrawals and deposits incur certain charges. With the exception of Bitcoin Cash, which does not have a fee, other currencies must pay a fee which varies. You can find the withdrawal and deposit fees on the CoinEx site here.

Things to Consider

Before we too far into how to set up your CoinEx account and start trading, here are a few things to consider.

Security

When it comes to security features, CoinEx uses a Captcha similar to the one that Binance implemented. For account security, users can set up either an SMS or two-factor authentication (2FA) along with trade authentications. CoinEx offers an alarm system that acts as a login and trade notification anytime the user performs an activity on their account.

Keep in mind, however, that the exchange itself is not encrypted and that the online wallets do not make use of cold storage. Therefore, it is not recommended that you keep large amounts of your cryptocurrencies on the exchange.

The public sale where Coinxes plans to distribute 42.75% of the total tokens, shall be in three phases. During the first two phases, the platform shall offer various bonuses and discounts targeting early bird buyers. The tokens sold during the pre-sale and private sale sessions shall also be discounted. The table below is a representation of the token distribution during the public sale.

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