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Our Score 7.2

You’re scrolling through seemingly countless options, looking for a fresh alternative platform—or perhaps you’re a complete beginner stepping into the crypto world and feeling a bit overwhelmed. If that sounds like you, my CoinEx review might just offer you an alternative worth considering!

CoinEx is a global cryptocurrency exchange dedicated to making crypto trading accessible for everyone. It offers a wide range of services and is available to users in hundreds of countries. But what sets it apart from popular choices like Binance, Bybit, or Kraken?

Verdict at a GlanceCoinEx is a versatile platform that offers a wide range of cryptocurrencies and advanced trading products, including futures and margin trading. However, it does have some limitations, particularly when it comes to offering more comprehensive trading tools. Additionally, it's unavailable in the United States, which might push crypto enthusiasts in the region to explore other alternatives.

Pros

  • Over 1,270 supported cryptocurrencies
  • No mandatory KYC verification
  • Pre-token trading
  • Spot & futures trading supported
  • Several earning tools

Cons

  • Does not support fiat directly

CoinEx Review: Quick Overview

Founded in 2017, CoinEx set out with a clear mission: to unlock the transformative potential of blockchain technology while keeping users at the heart of its vision. Since then, it has steadily established itself in the crowd.

But before we dive into the nitty-gritty of this CoinEx review, let’s take a moment to highlight what the platform offers—a brief summary, if you will, of why it might be worthy of your attention:

Type CEX
Is CoinEx Safe? Yes
Best for Beginners to intermediates
Established in 2017
Headquarters Seychelles
Availability 200+ countries
Licenses US MSB
KYC Verification Optional
Security 2FA, cold storage, anti-phishing code, proof of reserve
Features Spot trading, futures trading, staking, swap, margin trading
Supported Coins BTC, ETH, SOL, and 700 more
Funding Methods Credit/debit card, bank transfer, SEPA, PayPal, Apple Pay, Google Pay
Maker/Taker Fees 0.2% for both makers and takers
Fiat Support Yes
Customer Support Ticket, social media, live chat
Privacy & Anonymity No-KYC option

Table: Quick overview of CoinEx

From this brief overview, you might already know whether CoinEx aligns with your needs. But if you’re still curious and want to dig into the details—fees, features, limitations, and yes, even the burning question, "Is CoinEx legit?"—then stick around! And if you find it's not quite the right fit, no worries—there are other reputable cryptocurrency exchanges that might suit your needs better.

Read More: Best Cryptocurrency Exchanges

CoinEx Alternatives

CoinEx is a decent and user-friendly exchange with a solid range of services, but there are other platforms out there that offer advanced features, are more beginner-friendly, and provide a smoother overall experience. If my CoinEx review doesn’t quite convince you that it’s the right choice for your needs, here are three alternatives worth checking out:

  • Binance. As one of the largest and most popular exchanges out there, Binance offers a vast selection of cryptocurrencies, fair trading fees, and a wealth of trading options. Its comprehensive suite of services—including express buy, spot, staking, and futures—makes it a one-stop shop for crypto enthusiasts of all experience levels.
  • KrakenA well-established name in the industry, Kraken is known for its robust security protocol and regulatory compliance. Its user-friendly interface and powerful features make it a standout choice, especially for users in the US, where CoinEx isn’t available.
  • Bybit. Known for its intuitive interface and strong security measures, Bybit excels in derivatives trading with competitive fees. It also provides a variety of trading tools, making it an excellent choice for advanced users looking to refine and maximize their strategies.

KRAKEN BINANCE BYBIT

Overall Score

9.8
8.1
8.0

Best For

Beginners Advanced Users & Beginners More Advanced Users

Operating Countries

United States, Germany, United Kingdom, France, Canada, + 190 more Turkey, Argentina, Vietnam, Ukraine, + 100 more South Korea, United Kingdom, Ukraine, Turkey, +160 more

Latest Coupons

All Kraken Coupons All Binance Coupons See All Coupons of Best Exchanges

Verdict

One of the best crypto exchanges, especially in the US. One of the leading crypto exchange platforms in the industry. A popular crypto derivatives exchange with some super-low trading fees.
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Table: A comparison of Binance, Kraken, and Bybit

Compare Crypto Exchanges Side by Side With Others

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Compare Crypto Exchanges Side by Side With Others

All Crypto Exchanges may look similar to you but they're NOT all the same!

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Who’s CoinEx For?

CoinEx strikes me as a platform that’s steadily working toward its mission of making crypto trading easier for everyone. Whether you’re an experienced trader or an eager learner, the platform seems determined to meet you wherever you are on your journey.

With support for over 700 cryptocurrencies and a range of trading options, CoinEx really does aim to cater to a broad audience. Its user-friendly interface and multilingual support make it a solid choice for traders across the globe.

CoinEx review: platform's services.

Let’s break it down further to see who can benefit the most from CoinEx:

  • Beginners. It’s a good platform for learners who want to go beyond casual trading. You’ll find tools to level up your knowledge, including a well-stocked Crypto Academy, timely news updates, and blog posts.
  • Active Traders. You’ll enjoy CoinEx’s intuitive interface backed by a high-speed matching engine that keeps your trades smooth and efficient. And with the mobile app, you can easily trade on the go—anytime, anywhere.
  • Intermediate Traders. While it doesn’t offer the most extensive products, CoinEx still delivers advanced options like futures contracts with leverage up to 100x. It also provides a solid set of trading tools to help you refine your strategy.
  • Global Users. With availability in over 200 countries, CoinEx is built for a worldwide audience. The platform supports 18 languages, including English, Chinese, Japanese, Spanish, Arabic, and Indonesian.
  • High-Volume Traders. If you’re a whale, you’ll appreciate CoinEx’s tiered VIP fee structure, which is designed to cut trading costs and boost profitability. Plus, you can unlock exclusive perks if you join its market maker program.

On top of that, CoinEx’s policy of letting you access its trading features without KYC can be a significant advantage. If you value privacy or prefer to trade anonymously, this feature should be appealing to you. It’s also convenient for casual traders who want to jump into the action without the hassle of verification.

CoinEx review: personal verification process.

That said, if you'd like to receive a higher CoinEx withdrawal limit and access to more advanced tools, you will still need to pass identity verification.

Further Reading: Best No-KYC Crypto Exchanges

Advantages

CoinEx is a cryptocurrency exchange that caters to a diverse range of traders, offering features designed for newcomers and seasoned investors. Here are some of the key benefits that make it stand out:

  • Wide selection of crypto assets;
  • Advanced trading tools and features;
  • Optional KYC for easy access;
  • Global accessibility with multi-language support.

Wide Selection of Crypto Assets

With more than 700 digital assets, CoinEx offers one of the most extensive selections in the market. From well-known coins like Bitcoin and Ethereum to niche altcoins such as Kekius or Gigachad (which you might not find elsewhere), there’s something for every type of trader.

Advanced Trading Tools and Features

The platform provides diverse options to support different trading strategies, including futures, margin trading, loans, staking, and more. For example, in CoinEx futures, you can trade with leverage of up to 100x—a powerful option for those looking to amplify their positions.

CoinEx review: up to 100x leverage trading.

Optional KYC for Easy Access

You can jump right into trading without verifying your identity if privacy is your priority. But if you want to enjoy a higher CoinEx withdrawal limit (or just like having everything set up), completing the KYC process is always an option.

Global Reach with Multilingual Support

The countries CoinEx supports span nearly 200 regions worldwide, offering trading services in 18 different languages. Whether you’re in Europe, Asia, or beyond, chances are the platform has you covered!

Limitations

While CoinEx has a lot going for it, do remember that no platform is perfect. There are a few limitations that might impact your experience, depending on your priorities. Here’s what stands out to me:

  • Inconsistent customer service response times;
  • Unavailable to users in the US.

Some users have mentioned delays in getting assistance from CoinEx’s customer service team. While the platform provides support through a ticketing system, live chat, and social media channels, response times seem to vary.

In addition, CoinEx isn't available to users in the US due to regulatory restrictions. This means American traders are unable to access its services, which can be a significant limitation for those looking to use the platform.

Fees and Limits

Fees are an essential aspect of any cryptocurrency exchange, as they directly impact your trading costs and overall profitability. Let’s take a closer look at CoinEx’s fee structure and additional costs to see how it stacks up:

Type Fees Limits
Withdrawal 0.0001 BTC Up to $1,000,000 daily
Deposit Free No maximum limit
Spot 0.2% for both maker and taker -
Futures 0.03% maker; 0.05% taker -
Loans 0.1%–0.3% daily interest rate -
Staking 10% on rewards -

Table: CoinEx fees and limits

  • 0.0001 BTC Withdrawal Fee: This fee applies when withdrawing Bitcoin on CoinEx. Keep in mind that the fees vary depending on the coin and network you select
  • Free Deposit Fee. CoinEx doesn’t charge a deposit fee, no matter which coin you’re adding to your account. However, note that each coin has a different minimum deposit requirement.
  • 0.2% Spot Trading Fee. This is a standard rate in the industry. You can lower it by increasing your VIP rank or holding CET tokens in your account.
  • 0.03% & 0.05% Futures Trading Fees. These rates are typical for the industry. Like spot fees, they can be reduced by upgrading your VIP rank or maintaining a CET balance.
  • 0.1%–0.3% Daily Loan Interest Rate. This interest applies immediately when a loan is borrowed, with rates differing for each token. Note that interest rates fluctuate based on market conditions.
  • 10% Staking Fee. CoinEx charges a 10% service fee on rewards generated through staking. The exception here is staking CET, which is entirely fee-free.

That said, as you can see, the fees are pretty decent.

Staking and Earning Rewards

If you’re new to crypto, staking is a feature that allows you to earn passive income by locking up your cryptocurrency. In doing so, you’re not just earning rewards—you’re also playing a role in securing the network and validating transactions.[1] 

Looking through the platform, I’d say CoinEx offers a modest but reasonable selection of coins you can stake, including CET, ETH, SOL, ADA, and TRX. While it’s not the largest lineup out there, the platform has mentioned plans to expand its offerings in the future.

CoinEx review: available coins for staking.

The annual percentage yield (APY) for staking on CoinEx ranges from 2.43% to 5.62%. That said, note that these rates aren’t fixed—they fluctuate based on on-chain supply and demand dynamics, which are outside the platform’s control.

It’s also worth noting that CoinEx charges a 10% service fee on staking rewards, which is automatically deducted before the rewards are delivered to your spot wallet. That said, if you stake its native token, CET, there’s no service fee at all.

Overall, I think it’s good that CoinEx provides a straightforward staking service. It’s user-friendly and offers a simple way for beginners to start earning passive income from idle crypto assets. But the service is quite basic and doesn’t offer anything particularly groundbreaking. If you’re someone seeking a broader selection of altcoins to stake or significantly higher APYs, this might not fully meet your expectations.

Read More: Crypto Staking

Security

This CoinEx exchange review would be incomplete without me closely examining its security features. And let me tell you, I’m glad to see that the platform doesn’t skimp in this department.

CoinEx review: enhanced cold wallet technology.

First, CoinEx uses a combination of hot and cold wallets to manage and secure user assets. The hot wallet is used for day-to-day deposits and withdrawals, while the cold wallet stores the majority of assets offline for added security. This combination strikes a balance between seamless daily operations and robust long-term asset protection, optimizing both convenience and safety.

For personal account security, CoinEx offers a suite of features you can customize. There’s robust two-factor authentication (2FA), which lets you choose between passkey, TOTP, or SMS for account protection. You can also set up separate passwords for withdrawals and trading—an extra layer of security that ensures even if someone gains access to your account, they won’t have free rein.

Additional features, such as the anti-phishing code, IP lock for login, and secure login duration settings, are readily configurable. Together, these tools create a safe and reliable trading environment.

CoinEx review: account security settings.

Another protocol worth mentioning is the CoinEx Shield Fund, which serves as a financial safety net for users. The platform allocates 10% of every trading fee to this fund, providing a reserve to protect against uncontrollable risks. So, let’s say something significant happens—like a security breach or unexpected loss—the fund is activated to cover user losses.

So, if you’re asking me, “Is CoinEx safe for trading?”, I’d say yes. With its comprehensive security measures and commitment to protecting user assets, the platform demonstrates that user safety is a top priority.

Customer Support

There’s not much I can rave about customer support because it feels pretty standard and gets the job done for basic needs.

First, there's a live chat widget conveniently placed on the right side of every page, making it hard to miss. Clicking on it initiates a chat with a 24/7 support bot that handles general questions and provides guidance for simple issues.

CoinEx review: customer service widget.

But if your problem requires more specialized attention and you need help from a real person, things can get frustrating.

For instance, when I tried to contact the support team through the chat widget about a more specific issue, I quickly realized that the support team wasn’t readily available. Instead, I was prompted to submit a ticket to report my problem. This felt like a bit of a letdown—especially if your issue is urgent and needs immediate assistance.

You can also try reaching out through their social media channels, such as Telegram, Twitter, Facebook, Discord, or Instagram. While it’s nice to have multiple contact options, I’ve noticed complaints from other users reporting slow response times and a lack of prompt resolutions, so this may not always be the quickest alternative.

CoinEx review: self service and FAQ page.

That said, the chatbot and FAQ section still do a good job of addressing common problems. But for anything more complex, the lack of consistent response times and the limited availability of human support can leave you feeling stuck and frustrated.

Trading Tools

The platform offers a decent collection of tools that cater to various trading needs. Here are some standout options I came across:

  • Swap
  • Futures Trading
  • Margin Trading
  • Leverage Trading
  • Copy Trading
  • Earn Yield 

CoinEx Swap is a simple, reliable tool for quick cryptocurrency exchanges. It supports a wide range of trading pairs, including popular options like BTC to USDT, XRP to ETH, or DOGE to USDC. Unlike spot trading, where you often have to wait for an order to match, swaps can be completed within seconds, which is pretty handy when you need a fast conversion without any hassle.

Furthermore, CoinEx futures offer two distinct contract types: linear and inverse. The former uses stablecoins like USDT or USDC as both the margin and settlement currency. In contrast, the latter uses the trading asset itself (such as BTC or ETH) for margin and settlement, which is appealing if you prefer to keep your trades in cryptocurrency.

CoinEx review: futures trading interface.

For those who like to dig deeper into advanced trading, CoinEx offers margin trading (both isolated and cross-margin) and leverage trading with up to 100x leverage. These tools can multiply your potential gains but also come with high risk. So, if you’re new to trading, it’s wise to tread carefully—or avoid these features altogether until you’ve gained more experience.

Speaking of gaining experience, CoinEx copy trading is a feature you’ll appreciate if you’re a learner looking to dive deeper into trading techniques. It lets you replicate the strategies of top-performing traders on the platform. All you need to do is choose a trader based on their track record, set your parameters, and the system takes care of the rest.

CoinEx review: copy trading leaderboard.

If you’ve accumulated substantial gains and are unsure how to put them to work, transferring your profits to a CoinEx Finance account is a good alternative. This feature allows you to earn up to 70% APY on select products. It’s a smart option for maximizing your idle assets while strategizing your next move.

User Experience 

One of the first questions I had when exploring the platform was: "Does CoinEx require KYC to use its features?". To my relief, the answer was no. This made it easy for me to dive right in for this CoinEx review without the hassle of submitting documents or waiting for verification.

After completing the sign-up process (which was pretty standard), I logged in and was greeted by a clean and well-organized homepage. Everything felt intuitive right away, with the navigation bar neatly laid out at the top—ideal for exploring products, services, and settings. You can even switch from light to dark mode with just one click, which, of course, I immediately did.

CoinEx review: the homepage looks clean and neatly arranged.

Exploring the cryptocurrency exchange also felt smooth and intuitive. I didn't find any weird bugs or annoying delays—everything loaded quickly. The trading interface also looks clean, logically arranged, and designed in a way that experienced traders can navigate without a second thought. No need to relearn or adapt to a new system.

Now, if you’re a complete beginner, the platform might feel a bit overwhelming at first. There’s quite a bit of information presented upfront, which could seem daunting. Thankfully, CoinEx seems to have anticipated this. They’ve added a handy “newbie guide” feature that pops up when you first use certain tools.

CoinEx review: the platform has a pretty comprehensive learning materials.

For instance, when I opened the swap feature, a guide appeared to walk me through everything step by step. It explained what the tool does, which buttons to click, and even provided examples. Small touches like this make the platform much more beginner-friendly while still catering to seasoned users.

Localization and Regional Adaptability

When it comes to localization and regional adaptability, I’d say the exchange does a pretty impressive job. As I mentioned earlier, the platform lives up to its goal of being a global cryptocurrency exchange by offering services in over 200 countries and regions.

What really caught my attention was CoinEx’s support for 18 languages. Whether you’re comfortable with English, Japanese, Korean, Chinese, Indonesian, French, Turkish, Portuguese, or Arabic (to name a few), you’ll find the platform easy to use in your preferred language. Switching them is also a breeze—just a couple of clicks on the homepage, and everything is fully translated. I tried it myself, and the transitions were seamless.

CoinEx review: global presence of CoinEx.

Another thing I appreciated is how CoinEx supports 60 fiat currencies, including familiar ones like USD, EUR, JPY, and KRW. This feature makes it feel more localized and approachable, no matter where you’re trading from. Plus, using your local fiat currency could also mean fewer conversion fees, which is always a nice bonus.

To make things even easier, the exchange also partners with several third-party payment providers. These partnerships simplify the process of using fiat to buy popular cryptocurrencies like BTC, ETH, USDT, and USDC. Below, I’ve outlined the key providers:

Third-Party Provider Available Payment Methods
Banxa VISA, Mastercard, SEPA, Bank Transfer
BTCDirect VISA, Mastercard, Bank Transfer, iDEAL
Guardarian VISA, Mastercard, SEPA, Revolut
Mercuryo VISA, Mastercard, PIX, Apple Pay
MoonPay VISA, Bank Transfer, Apple Pay, Google Pay
Onmeta UPI, IMPS, NEFT
OnRamp UPI, IMPS
Remitano Remitano Pay, Bank Transfer
Simplex VISA, Mastercard, PIX, Apple Pay

Table: CoinEx payment partners and supported methods

That said, there’s one notable limitation—CoinEx supported countries don’t include some pretty major marketsIf you’ve been wondering, “Is CoinEx available in the US?” unfortunately, it’s not (and neither is Canada, China, or Hong Kong SAR, for that matter). So, if you’re from these regions, you’ll have to look elsewhere for your crypto trading needs.

Bonuses and Special Offers

CoinEx doesn’t shy away from promotions and events. From newcomer bonuses to trading discounts, the platform offers a range of deals designed to appeal to beginners and professional users alike. Here are some of them:

  • 100 USDT Newcomer Offer;
  • 50,000 USDT Prize Pool Trading Competition;
  • Free CET Tokens for Selected Users;
  • 50% Discount on Selected Cryptos.

These are just a few examples of the perks CoinEx has to offer. Since promotions change frequently, it’s worth keeping an eye on their events page. Who knows—a new deal could pop up just in time to make your trading experience even better.

CoinEx review: beginners' mission.

That said, if these offers are not to your liking, there are some other platforms that you can check out. For instance, Binance has a deal where you can claim up to $600 worth of rewards for completing simple tasks. If you're reading this article a tad too late and the offer is expired, you can explore other alternatives by following the "Read More" link below.

Read More: Best Crypto Deals

How to Use CoinEx?

As I mentioned earlier in this CoinEx exchange review, one of the standout features of the platform is its well-rounded interface. It strikes a balance that works for all levels of crypto enthusiasts. It has a familiar “standard” layout that seasoned traders will recognize instantly while also being simple enough for newcomers to navigate with relative ease.

Rather than going on and on about how user-friendly the platform is, let’s jump into the practical details. I’ll guide you through the basics—how to create an account, deposit funds, and withdraw your assets.

How to Create a CoinEx Account?

Although CoinEx doesn’t require KYC for most activities, you’ll still need to set up an account to start using the platform. The process is straightforward and similar to most other platforms:

Step 1: Visit CoinEx. First, head to the official CoinEx website. On the homepage, look for the [Sign Up] button in the upper right corner and click it to begin.

CoinEx review: click sign up on the upper right corner.

Step 2: Input Your Details. On the registration page, enter your email address and create a strong password. Alternatively, you can sign up using your Google or Apple account by clicking the corresponding option.

CoinEx review: enter your email and create a password.

Step 3: Verify Your Email. Once you’ve submitted your information, check your inbox for a verification email. Enter the code from that email into the registration page and click [Confirm] to finalize the process.

CoinEx review: verify your email by providing a verification code.

And that’s it! You now have a CoinEx account ready to go. From here, you can dive in and explore the platform’s features and tools.

How to Deposit on CoinEx?

If you have crypto assets on another exchange or wallet, transferring them to your CoinEx account is a breeze. Here, let me show you:

Step 1: Log In to CoinEx. Start by visiting the official CoinEx website and logging into your account.

Step 2: Select Deposit. Once on the homepage, navigate to the "Assets" section in the upper right corner of the screen. Hover over it and click the [Deposit] button from the dropdown menu.

CoinEx review: navigate to deposit.

Step 3: Select Coin. On the deposit page, find and select the coin you want to deposit.

CoinEx review: select the coin you want to receive.

Step 4: Select the Network. Next, choose the network for your deposit from the list of options provided. Make sure you select the correct network that matches the one you’re transferring from—otherwise, your funds could be lost. Don’t forget to check the "Risk Reminder" acknowledgment box before clicking [Confirm] to proceed.

CoinEx review: select the correct network.

Step 5: Copy the Address. After confirming the network, your deposit address will be generated. You can either copy this address or scan the QR code directly for convenience.

Step 6: Paste the Address. On the platform or wallet you’re transferring from, paste the deposit address you copied (or use the QR code). Double-check the destination address to avoid any errors.

Once the deposit is credited, you can check your assets in your CoinEx Spot Account.

Latest Binance Coupon Found:

How to Withdraw From CoinEx?

Withdrawing from CoinEx is just as simple as depositing. Let me walk you through the step-by-step process:

Step 1: Log In to CoinEx. Start by visiting the official CoinEx website and logging into your account.

Step 2: Select Withdraw. Once logged in, navigate to the [Assets] section in the upper right corner of the screen. Hover over it and click the [Withdraw] option.

CoinEx review: go to the Withdraw page.

Step 3: Select Coin. On the withdrawal page, use the search bar to find and select the coin you want to withdraw. You’ll also need to choose the transfer mode, either Normal Transfer or Inter-User Transfer.

CoinEx review: pick the coin you want to withdraw.

Step 4: Select the Network. Next, choose the appropriate network for your withdrawal.

CoinEx review: select the matching network.

Step 5: Input the Address. Enter the recipient’s address in the provided field.

CoinEx review: input your withdrawal address.

Step 6: Input the Amount. Enter the amount of coin you want to withdraw. On the right-hand side of the page, you’ll see details like the CoinEx withdrawal limit and the minimum withdrawal amount for the selected coin. Ensure the amount you enter falls within these limits to avoid any issues.

CoinEx review: enter the amount of crypto you wish to withdraw.

Step 7: Click Withdraw. Before confirming, double-check all the details, including the fees, withdrawal amount, and wallet address. If everything looks good, click the [Withdraw] button.

CoinEx review: click on Withdraw button.

Step 8: Verify Your Withdrawal. Depending on the security settings you’ve enabled, you’ll need to complete a verification step. This could involve entering an SMS code, a TOTP code, or using a passkey.

Step 9: Confirm via Email. Once verified, you’ll receive a "Withdrawal Confirmation" email. Open the email, review the details, and confirm your withdrawal request. If you don’t receive the letter, you can click [Resend Email] to try again.

Note that if you don’t confirm your withdrawal within 24 hours, the request will be automatically canceled, and your assets will remain in your account.

And that’s it! By following these steps, withdrawing from CoinEx should be simple and hassle-free!

That just about covers the key points you need to know about the exchange we’ve been discussing. But before wrapping up this Coinex review, let's see if CoinEx can stand on equal ground compared to some well-known exchanges, their tools, supported cryptocurrencies, fees, and other variables

CoinEx VS Binance

I don’t think it’s a stretch to say Binance is one of the most popular—if not the most popular—crypto trading platforms out there. With nearly 250 million registered users across 180+ countries, the numbers alone make a strong case. Its appeal lies in its ability to cater to just about everyone, whether you’re a complete beginner or a seasoned pro.

CoinEx review: Binance's homepage.

You’ve got everything in Binance: spot trading, P2P, margin, derivatives, staking, copy trading—the list goes on. Sure, CoinEx offers similar services, but it doesn’t dive quite as deep.

Take Binance Futures, for example. It offers over 250 USDT-, USDC-, and Coin-M-margined contracts. On top of that, it supports options contracts and provides advanced tools like trading bots and cutting-edge liquidity solutions. By comparison, CoinEx Futures, while decent with its linear and inverse contracts, feels more limited.

Binance also has a clear advantage in fees. The platform charges 0.10% for regular users, and you can reduce this further by climbing the VIP tiers or using BNB tokens. To put this into perspective, its standard rate is already equivalent to CoinEx’s Tier 5 fee. In other words, Binance can save you some money right from the start.

  CoinEx Binance
Users 10 million 250 million
Cryptocurrencies 700+ 600+
Trading Fees 0.2% 0.1%
Leverage Up to 100x Up to 125x
Global Reach 200+ countries 180+ countries

Table: CoinEx VS Binance

Both platforms cover a similar range of services, but I feel Binance takes it a step further. It offers greater depth, variety, and flexibility, which makes a big difference for traders who value options and efficiency. Add in the lower fees, and it’s easy to see why Binance often becomes the preferred choice, especially for experienced users.

Read More: Binance Review

CoinEx VS Kraken

Comparing Kraken and CoinEx is interesting because, while the former adheres to a strict regulatory framework, the latter takes a more relaxed approach—allowing access to features without requiring verification.

After passing Kraken's verification process, you’ll gain access to a solid lineup of features, including derivatives, staking, OTC services, and margin or spot trading.

  CoinEx Kraken
Users 10 million 10 million
Cryptocurrencies 700+ 200+
Trading Fees 0.2% 0.4%
Leverage Up to 100x Up to 50x
Global Reach 200+ countries 190+

Table: CoinEx VS Kraken

CoinEx takes the lead when it comes to fees. Both exchanges offer tiered schedules that reward high-volume traders with lower rates. However, Kraken's entry-level fees—0.25% for makers and 0.40% for takers—are noticeably higher than CoinEx's 0.20%. That said, Kraken does offer the potential to reach 0% rates with sufficient trading volume, which could be appealing to more active traders.

Regardless of the lower fees, if you’re a United States resident, Kraken is undoubtedly the better choice. With its adherence to the region’s strict regulations on crypto assets[2] and the fact that CoinEx isn’t yet available in the US, Kraken stands out as the clear alternative for those seeking a regulated and trustworthy platform for trading digital coins.

Read More: Kraken Review

CoinEx VS Bybit

Bybit is a heavyweight in the crypto trading space, often hailed as “best-in-class” for high-leverage derivatives trading. Naturally, it deserves mention in this CoinEx exchange review, especially since its advanced features share similarities with the exchange in question.

CoinEx review: Bybit's homepage.

Now, Bybit excels in its specialization, offering an impressive range of perpetual contracts, futures, and options. In contrast, while CoinEx includes derivatives among its offerings, its selection doesn’t quite match the variety or depth provided by Bybit. This difference becomes even more apparent when you start looking at the trading tools available on each platform.

From futures grid bots and martingale strategies to advanced order types like TWAP, iceberg, and scaled orders, Bybit offers plenty for seasoned traders to explore. It even supports strategy trading and arbitrage—two areas where CoinEx doesn’t place as much emphasis. While CoinEx is certainly capable, its toolset feels noticeably simpler by comparison.

  CoinEx Bybit
Users 10 million 60 million
Cryptocurrencies 700+ 1,600+
Trading Fees 0.2% 0.1%
Leverage Up to 100x Up to 200x
Global Reach 200+ countries 160+ countries

Table: CoinEx VS Bybit

Both platforms offer competitive fee structures, rewarding high-volume traders. That said, Bybit has an edge with trading rates starting at 0.10%. CoinEx fees, on the other hand, charge a 0.20%, though this can be reduced by using CET tokens. Even with the discount, Bybit frequently remains the more affordable option for large-scale traders.

When it comes to tools, features, and fees, Bybit caters more to professional and institutional traders. Its advanced offerings are ideal if you’re managing large trades or complex strategies daily.

Read More: Bybit Review

Kraken Review
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  • Secure and reliable
  • Low fees
  • A good amount of fiat currencies accepted
Main Features
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  • Multiple fiat currencies are accepted
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Main Features
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  • Early new token support
Main Features
  • 265 supports cryptocurrencies
  • Secure & transparent
  • Fully reserved

Conclusions: Is CoinEx Right for You?

Wrapping up this CoinEx review, I’d say the platform could work for you if you’re just starting out or somewhere in the middle of your trading journey. It’s versatile, offering a solid mix of features like spot trading, swaps, and even derivatives, along with a decent selection of trading tools to back it up.

Now, while CoinEx checks a lot of boxes, it might not be the best fit for advanced or professional traders. The features are decent, but they don’t go deep enough for those who need more flexibility or advanced tools. For example, there’s no access to trading bots or a broader selection of futures contracts, which might leave some users looking for platforms like Bybit or Binance instead.

That said, the fact that CoinEx doesn’t require KYC to access most features is a plus, especially if you’re someone who values privacy. Pair that with its simple, clean interface, and it feels practically designed for casual traders or anyone looking to explore crypto trading without feeling overwhelmed or overcommitted.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.


Scientific References

1. Takei Y., Shudo K.: 'Effective Ethereum staking in cryptocurrency exchanges';

2. Scott H. S., Gulliver J., Kortje C.: 'A review of cryptoasset market structure and regulation in the United States'.

About Article's Experts & Analysts

By Ain N.

Lead Content Researcher

Ain is the Lead Content Researcher. Her vast experience with crypto and blockchain tech-related content allows her to identify the key pieces of information that should be presented to the learner, and ensure the validity of the gathered data. Wit...
Ain N. Lead Content Researcher
Ain is the Lead Content Researcher. Her vast experience with crypto and blockchain tech-related content allows her to identify the key pieces of information that should be presented to the learner, and ensure the validity of the gathered data.
With a degree in New Media studies, she has developed an extensive list of techniques to educate people via new, research-proven study models based on deduction and long-term human memory.
Ain approaches everything with unequivocal attention to detail. Her main goals are to erase the ambiguity surrounding many Web3 concepts, and to guide content writers in presenting difficult crypto-related concepts in an easy-to-understand manner.
Even though content strategy is her main passion, Ain also enjoys reading high-fantasy books and watching superhero movies.

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FAQ

Is CoinEx safe to use?

Yes, CoinEx is safe to use. It implements robust security measures, including comprehensive 2FA options, multi-approval withdrawal processes, and enhanced cold storage for the vast majority of user assets. Additionally, CoinEx claims to maintain a 100% reserve rate, ensuring that your funds are fully backed and available for withdrawal at any time. That said, no exchange is entirely risk-free. For maximum security, it’s always a good idea to transfer your crypto holdings to a reliable hardware wallet, such as Ledger Stax or Ledger Flex, rather than leaving them on the exchange.

Does CoinEx require KYC to use?

No, CoinEx doesn’t require KYC, making it an ideal option for privacy-focused users. However, operating without verification does come with certain drawbacks, such as lower daily CoinEx withdrawal limit and potential compliance issues in some regions. If you’re looking for added security and peace of mind, I recommend completing the KYC process on the platform. Alternatively, you could explore fully compliant platforms like Binance, Bybit, or Kraken, which offer robust services with verification requirements in place.

Is CoinEx available in the US?

No, CoinEx isn’t available in the US due to regulatory restrictions. While this might be disappointing for crypto enthusiasts in America, don’t worry—there are plenty of excellent alternatives to explore! Platforms like Kraken and Coinbase are fully compliant with regulations in the region and offer a wide range of features to meet your trading needs.

Which country is CoinEx based in?

According to CoinEx’s official LinkedIn page, the exchange is headquartered in Seychelles. Since its founding in 2017, it has expanded into a global cryptocurrency platform, offering services in nearly 200 countries and supporting 18 languages. While it’s not quite on the same level as industry giants like Binance, its widespread accessibility and multilingual support demonstrate that CoinEx is legitimate and well-positioned in the market.

How many people use CoinEx?

As of 2024, CoinEx has grown to serve over 10 million users across more than 200 countries and regions. Whether you're already one of these users or thinking of joining, it’s important to prioritize the safety of your assets. Using a reliable hardware wallet, like Ledger Stax or Trezor Safe 5, can add an extra layer of security, ensuring your digital assets are well-protected.

In which countries is CoinEx unavailable?

Due to regulatory restrictions, CoinEx isn’t available in the United States, Canada, Hong Kong SAR, or mainland China. If you’re based in one of these regions, you’ll need to explore alternative platforms. For instance, Kraken is an excellent choice for users in the US and Canada, while CEX.IO could be an option for those in Hong Kong. However, if you’re in mainland China, things get more complicated. The country’s strict regulations and complex regulatory environment make cryptocurrency trading highly restricted, which means finding the best crypto exchange in China can be a real challenge.

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