Coinex Cryptocurrency Exchange Overview
CoinEx is another exchange of Asian origin, which is immediately noticeable on the start page. In April 2019, the exchange trades on clients’ transactions a little more than 4700 BTC in 24 hours. The site has been translated into several languages, there is localization in Russian, but the translation is only partially completed, part of the information is in English.
You can register with CoinEx using e-mail, after entering which you need to request a verification code, enter it and a verification captcha. Next, you need to come up with a password for entry and complete the registration.
The trading interface of the exchange is intuitive and informative even for a novice trader. Trading in CoinEx is available on the interactive TradingView chart, which is quite enough for a complete analysis of the movement of instruments available for trading. There are three ways to open a deal – in the form of Market, Limit and Stop-limit orders. The exchange works only with cryptocurrencies, so you can only trade in 5 markets: BTC, BCH, ETH, USDT, CET. The most popular trading instruments are BTC / USDT, ETH / BTC, EOS / BTC, LTC / USDT, BCH / BTC, CET / USDT.
The fee for trading transactions on the site is not too high. Regardless of who the client is (taker and maker), the commission will be – 0.10%. A Maker-Taker system is working on the site when it encourages the opening of pending limit orders aimed at facilitating trade and maintaining price stability. The exchange provides a cryptocurrency storage service in the form of a wallet. In addition, the exchange provides a rare service for generating passive income using PoS mining of its own CET token.
By setting at least the first level of security, the client will be able to withdraw up to 10,000 USD per day. To do this, verify your phone number. To increase the limit, the user will have to go through the 2nd and 3rd levels of KYC. The exchange applies https protection, and in your account you can set up Google Authenticator and SMS verification of financial transactions. All digital assets on the exchange are stored in a cold wallet, and the system of several signatures is used when checking transactions on withdrawal.
CoinEx Technology Limited is a Hong Kong-based company operating in accordance with the laws of this administrative region. Licenses for activities are not.
Deposit and withdrawal of funds
The exchange does not work with fiat currencies. You can top up your cryptocurrency account without commissions. For each cryptocurrency there is a limit of replenishment and withdrawal. For example, the minimum amount of input and output in bitcoin is 0.001 BTC. The withdrawal fee will also depend on the selected digital currency for withdrawal, for example, for the withdrawal of bitcoin you will have to pay 0,0003 BTC.
Technical support of the exchange can be contacted only through the ticket system on the site and by e-mail within 24 hours 7 days a week. After a request by e-mail, TP provided a response in a day.
CoinEx has little functionality among many other exchanges, which is probably why it still cannot boast of high trading volumes. But a simple and understandable trading functionality, selection of a trade order, good protection of the user account and low commission can attract your client.