CoinW Review

Today, the world of crypto trading knows no geographical barriers — wherever you are, you can be a crypto investor! However, which cryptocurrency exchange should you go with? In this CoinW review, I’ll introduce you to a digital asset platform that opens its doors to millions of users across 120 countries. 

CoinW is the place where you can diversify your portfolio not only with spot, futures, and even ETF trading. That’s not all, you’ll get rewarded with progressively lower fees the more you trade. CoinW does lack crypto-fiat trading pairs, though, so if that’s more of your jam, check out Binance, Bybit, or Kraken. 

All in all, is CoinW legit? Could it be the go-to trading haven for beginners, experts, or both? Uncover the answers in this CoinW review!

Verdict at a glance: CoinW is a global trading platform for all traders, from beginners to advanced, with a strong focus on security. It offers mining, staking, spots, futures, and ETF trading with a range of helpful tools and up to 200x leverage. However, it is not available in the US and does not offer crypto-fiat pairs. 

What Is CoinW?

Before we go on with an in-depth CoinW review, let me introduce you to this international crypto exchange platform.

CoinW was founded by a team of crypto, cybersecurity, and finance veterans. Since 2017, its mission has been clear: to realize global financial freedom and inclusiveness.

Has CoinW realized its goal? Well, it is available in 120 countries and continues to grow as one of the largest digital asset hubs worldwide, boasting 220 million users and 8 million daily traders, respectively.

It is important to take note that CoinW's services are not available for local US residents. This region is known for having strict regulations over crypto exchanges. Despite this, the platform continues to widen its global footprint.

As of writing, CoinW has 16 localized trading services in 13 countries around the Asia Pacific, Europe, and Australia. Its portal is also translated into different languages, including Chinese. Users can also buy crypto in 40+ currencies, such as USD, JPY, MXN, and DKK.

But, what else to see in this crypto trading platform? The CoinW exchange does offer various investment opportunities – offering up to 200x leverage for certain assets. This, of course, makes the general audience question, “Is CoinW legit?”

Let’s see how CoinW performs in terms of security and a range of aspects! Later in this CoinW exchange review, I’ll help you make an informed decision by uncovering its drawbacks, too.

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CoinW Review: PROS

To fully understand is CoinW legit, let’s take a look at what makes the platform quite appealing to traders across continents in this CoinW review.

Unparalleled Security

Six years and counting, the CoinW exchange platform is free from any security misconduct. So, how does the platform do it?

CoinW reinforces multiple security layers right from the moment when users log in. To prevent account theft, you can verify your identity through your cell phone or 2FA tools like Google Authenticator, Twilio, and U2F. The same process is applied to coin withdrawal and API key generation.

Additionally, CoinW ensures that you, not a potential hacker, log in by safely recording your IP. Aside from abnormal logins, the platform monitors suspicious activities like anomalous transactions with real-time responses.

Users will instantly receive notifications when potential fraud occurs so they can take prompt action. Transactions that flag specific risk conditions will go through a secondary manual review. Likewise, Spot transactions are protected under the Digital Currency Trading Service License, which CoinW has officially obtained from the Australian Transaction Reports and Analysis Centre (AUSTRAC).

As for storing and managing on-chain assets, unlike traditional banks, CoinW adopts multi-party computing (MPC) to protect privacy on a blockchain^[1].

Now, let me explain it in simpler terms. CoinW enables you to store digital money in multiple vaults known as hot and cold wallets. Substantial funds will be stored in a cold wallet, whereas the hot wallet acts as a backup system for recovery.

These vaults need to be unlocked by multiple keys. So, if a thief has one of your keys, too bad, they can’t do anything! This is what we call sharding, or when your private keys are split into several pieces, and then stored in different places.

Further, your money will never leave your account until several people approve your transaction. This is made happen by the multi-signature (multi-sig) technology.

Each wallet address that interacts with the blockchain is also identified and analyzed through the Know Your Address (KYA) process. The same goes for transactions; they go through a Know Your Transaction (KYT) screening, ensuring compliance with Anti-Money Laundering (AML) practices^[2].

Further, in combatting cyber threats, CoinW comes prepared with DDOS protection, web application firewall (WAF) protection, and BOT guard protection — among others.

Comprehensive Trading Options

So, is CoinW legit? It seems like so. That said, security is not the only aspect potential or existing traders look for in a CoinW review. How legit is CoinW, really, in terms of the crypto products offered and trading options available?

On CoinW, users can casually buy or sell cryptocurrencies, trade in futures or spot markets, and even add crypto ETFs to the mix. The maker/taker fee is a flat 0.2%, lower than the industry average.

More than 1,000 crypto coins and tokens are listed on the CoinW exchange, including the most popular options like:

• BTC
• ETH
• BNB
• XRP
• DOGE
• SHIB
• LTC
• APT

With these expansive crypto selections, you can either stake or mine them through CoinW’s hybrid programs. For staking, the Annual Percentage Yield (APY) is around 5%. Depending on the coin or token, you may have the flexibility to add or withdraw anytime, too.

The platform also supports spot and futures trading. So, whether you’re a beginner, advanced, or cost-conscious trader, CoinW has got you covered.

If you’re into the bear market, you’ll be delighted to find in this CoinW review that the platform’s trading pairs for spot alone reach over 500 selections, namely BTC/USDT, ETH/USDT, and SOL/USDT.

On the other hand, if you’re a trader who likes a bit of risk, then futures trading in the CoinW exchange might be your cup of tea. The platform provides perpetual contracts, allowing users to hold their tokens or coins with no expiry date. In other words, when the market crashes, your assets don’t have to take the fall.

Some futures trading pairs you can get your hands on are BCH/USDT, LINK/USDT, ETC/USDT, LINK/USDT, and ATOM/USDT.

Now, some traders prefer diversification in their portfolios, and maybe you’re considering crypto ETF trading. As with the traditional ETF, its crypto version tracks the daily changes of digital assets but with an extra boost. Meaning, you can multiply your wins (CoinW sets the leverage up to 6x) but also your losses, so be aware of the risks. That said, you don’t need to put down collateral to leverage your traded assets.

There are more features and advantages you can enjoy when trading in CoinW:

• Auto-Invest. Suitable for those short on time but still want to earn passive income through cryptocurrencies. Using the Dollar-Cost Averaging (DCA) investment strategy, users can choose a product plan (BTC, ETH, SOL, etc). The acquired crypto will then be automatically deposited in your account.
• CoinW OTC. Specifically for high-worth individuals and institutional clients, CoinW OTC is a personalized service where users can turn their large orders into narrower yet more curated spreads, enhancing liquidity.

As you’ve seen in this CoinW review, there’s a bit of everything for everyone. If you don’t like trading alone, invite your friends through the CoinW referral program, and both parties will receive 5 USDT.

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Advanced Trading Mechanics for Experienced Traders

Besides the classic margin trading, do you remember when I touched on leverage trading for futures and crypto ETFs in the former section of this CoinW review? This feature might not be for the faint of heart, though, but advanced traders might come to appreciate it.

First, let’s discuss what you can expect from CoinW’s futures trading. On average, the platform manages a daily trading volume of $5.8 billion. There are 115 trading pairs available, all based on perpetual contracts, with the most actively traded pairs being BTC/USDT and ETH/USDT.

Traders can flexibly choose between several order types:

• Limit Order. Set a specific limit price at which you want to buy or sell an asset. Your order will only be activated when the market reaches your specified lowest or highest price bound. However, if you make an order when the market is at extreme price points, you’ll be charged a handling fee of 0.06%.
• Market Order. This option allows you to buy or sell at the market prices, automatically triggering your order against the one previously placed in the book with applicable taker fees.
• Conditional Order. Before opening a position, specify a trigger price. The order will only be executed once the predetermined condition is met.
• Take Profit and Stop Loss. Configure your take profit and stop loss levels to mitigate risks.

Just like what you find in a general CoinW exchange review or any other platform, traders can take part in a cross or an isolated margin mode with merged and split adjustments. However, please check if these capabilities are available in your jurisdiction.

Those who like a healthy dose of risk can either long or short their trade, with differing ratios that depend on the coin or token. The maximum leverage limit for BTC is 200x, while for Matic, it is 75x.

Take caution: no matter how pro you are at trading, you can still win or lose it all. The 5x leverage is considered to be the safest limit in the industry, so sensitivity to the market is crucial. In any case, CoinW has a calculator that’ll give you an estimate, although not 100% accurate, on your potential profit as well as close and liquidation price.

Additionally, CoinW rewards active traders by lowering the maker/taker fees when your trading volume or number of tokens goes up. I’ll discuss how this works in the pricing section of this CoinW exchange review.

Coming into ETFs, CoinW offers both margin and leverage modes, which you can optimize to short or long the trade. There are three tiers for ETF trading, ranging from x3 to x6.

One tool that both beginner and experienced traders will find handy is CoinW’s trading interface. Just like the charts you see on a typical exchange, this portal is packed with idle indicators and an order book to monitor price movement.

This trading chart is accessible on both desktop and mobile. However, if you want a full-fledged experience, I suggest opening your PC to make use of all the trading tools, whereas mobile is suitable for regular monitoring.

Last but not least, what does CoinW have for well-versed traders? Traders who are adept in their craft may register for Copy Traders, with the catch of a 12% profit commission, high exposure to followers, and other onboarding bonuses.

Never-Ending Innovations

Like in any CoinW exchange review, there’s something to anticipate from the platform’s innovations.

For one, there’s a trading bot that automates buying and selling in the spot market. Once you configure your lowest and highest price points, CoinW will construct a grid with incremental pricing increases or decreases. Even in your sleep, the bot operates 24/7 and will execute the trade for you.

Spot Grid, though, will be more suitable for volatile markets. For medium and long-term investments, if you remember what I’ve covered in this CoinW review, Auto-Invest will be ideal. This bot will diversify your portfolio through recurring buys, aiming to reach the average cost for consistent growth.

Finally, there’s the LaunchPad, where CoinW rewards not only traders but also blockchain builders to promote prospective crypto projects in front of the platform’s sea of audiences.

Various Ways to Earn Rewards on CoinW

While reading this CoinW review, you may be curious about the rewards offered by this exchange platform. It seems like CoinW is onboarding more beginners into Web3, so there are a couple of ways you can earn incentives through various programs—with terms and conditions, of course.

Keep in mind the amount of incentives mentioned in this chapter is applicable as of writing and subject to change from time to time. So, if you’re trying to assess is CoinW legit or not in terms of rewards, do your own research (DYOR).

If you open a Futures or ETF account, the CoinW exchange will give you a starter bonus of 50 USDT. You’ll earn an additional incentive of 50 USDT after completing your first futures transfer. This initiative is to help beginners understand the nuances of such trade without much risk and cost. When you make profits, you can even fully withdraw the futures bonus.

What if you’re still unsure about futures or ETF trading? CoinW also has the following incentivized programs:

• Identity verification rewards: By verifying your identity, the CoinW exchange will increase your withdrawal limit, giving you a wider net of product line-ups to trade in.
• Limited-time rewards: Newly registered accounts may receive cash or Super Bonuses, mega bonuses, and more, available for 14 days to claim. The amount received, trading pairs, and leverage ratios may vary.
• Deposit rewards: Depositing funds via Quick Buy or CoinW credit/debit card will also earn you rewards.

• Trading rewards: In addition to ETF and future bonuses, you can receive a reward for your first spot, grid, or copy trading.
• CoinW Earn. By storing crypto, users can earn rewards in the form of flexible savings, fixed savings, or staked pools. The incentive you earn can be determined by your risk tolerance against the value you’re getting.
• Lucky HODL. Open for verified USDT holders, users can sign up for this Lucky Draw and win airdrop tokens. The more tickets you have, the more likely you are to win.
• New user reviews. Leaving some good words about CoinW will make you eligible for a reward.

Have doubts, still? If you're confused, consult to the learning resources on BitDegree's missions or CoinW's learning academy. There, you’ll find materials and tutorials on ETFs, futures, spots, and advanced trading tips.

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Compare Crypto Exchanges Side by Side With Others

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CoinW Review: Cons

At the end of the day, even if you’ve discovered how the platform caters to nearly all types of crypto users, there are some lacklusters. For one, CoinW is restricted for use in the US, but there are a few more points to consider in this CoinW review.

No Crypto-Fiat Pairs

Early in this CoinW review, you might recall me saying that CoinW lists a generous spread of crypto-crypto pairs. I cannot say the same for their crypto-fiat pairs, though, as none of them are in place – at least at the time of writing.

Liquefying your crypto-to-fiat, on the other hand, is possible. However, you have to do it manually, and when I tried it myself, the payment methods took a while to appear. It also comes with a bit of a catch: deposits and withdrawals are permitted exclusively through third-party providers like ACH, ITEZ, Advcash, and Mercuryo. This can be somewhat limiting, especially if such services are unavailable in your country.

On top of that, CoinW supports 40 currencies, which seems like a generous spread. Still, the total currencies supported are below what major exchanges like Binance and Bybit boast. Seeing how big CoinW has grown, hopefully, the team will extend their partnerships to more regions.

	BYBIT	BINANCE
Overall Score	9.8	9.6
Best For	More Advanced Users	Buying, Trading, and Holding a Wide Variety of Cryptocurrencies
Operating Countries	Russia, South Korea, United Kingdom, Ukraine, Turkey, +150 more	Turkey, Russia, Argentina, Vietnam, Ukraine, + 40 more
Latest Coupons	$30,000 IN REWARDS All Bybit Coupons	$600 WELCOME BONUS All Binance Coupons
Verdict	A popular crypto derivatives exchange with some super-low trading fees.	One of the leading crypto exchange platforms in the industry.
	Visit site Read review	Visit site Read review

Table: Comparison between Bybit VS Coinbase.

CoinW did come up with a solution to counter payment limitations. It recently released a native crypto debit card. This VISA-based payment method can be used for mainstream spending in Apple, Amazon, Facebook, Ali Express, and DisneyPlus. Plus, it is available for use in 176+ countries.

That said, we can expect improvements in the future CoinW exchange review. Perhaps, crypto-fiat trading pairs are in development by the team.

Unavailable in the US

If you’ve read some CoinW exchange reviews, you may have noticed some conflicting information. Some sources say that its services are accessible in the US, but the truth is: CoinW is not available in the US.

This is quite unfortunate, seeing that the United States is one of the countries with the highest crypto adoption rate. However, since the FTX scandal and all, the US government has become more relentless in regulating not just exchanges, but cryptocurrencies overall.

If you're in the US, many alternatives exist for you to try out, offering similar advantages without the legality barrier. Some good examples include Kraken and Coinbase.

	KRAKEN	COINBASE
Overall Score	9.4	9.1
Best For	Best for Beginners	Buying, Selling, and Managing Cryptocurrencies
Operating Countries	United States, Germany, United Kingdom, France, Canada, + 190 more	United States, United Kingdom, Germany, Canada, France, + 100 more
Latest Coupons	Visit Site All Kraken Coupons	EARN $50 IN BTC All Coinbase Coupons
Verdict	One of the best crypto exchanges.	A reliable, well-known and respected cryptocurrency exchange platform.
	Visit site Read review	Visit site Read review

Table: Comparison of Kraken VS Coinbase.

I did mention that CoinW has released its own card. Technically, this card can be utilized for crypto payments in all regions that accept VISA, with automatic USD to USDT conversions. That said, this card is still operating in a grey area, legally and US-wise. So, make sure to do some extra due diligence.

Another question that also arises: can I use a VPN to access CoinW? While it's not explicitly stated in CoinW's terms of service, I encourage you not to use the VPN to access a blocked crypto exchange in your country.

Aside from the US, CoinW is also prohibited in Japan. Still, the platform is legal to use in several countries where crypto exchanges are generally scrutinized, such as the UK and Singapore.

CoinW Pricing and Fees

So far, in this CoinW exchange review, we’ve looked into the pros and cons. Now, let’s talk about CoinW’s pricing and fees.

In short, CoinW charges a flat 0.2% maker/taker fee, and those starting out can proceed with a minimum deposit of 0.1 BTC with no additional fees. Here is the table to give you an overview:

Table: CoinW VIP-tiered trading fee structure.

Additionally, active traders who own a CWT, CoinW’s native token, can obtain a fee reduction according to the VIP membership tiers above.

This fee structure applies to all types of trading, be it spot, futures, or ETF. In other words, you will pay lesser fees with more trading activities you do on the platform.

How to Use CoinW?

You’ve read this CoinW exchange review thoroughly, and now you’re probably wondering how to begin trading on the platform. Let’s find out.

How to Sign Up on CoinW?

Here’s the step-by-step to sign yourself up as a trader in CoinW:

Step 1: Go to the CoinW homepage and click on "Register", the button at the top right.

Step 2: Next, register using an email, phone, or directly via Google or Apple Mail. Make sure to tick “I have read and agree to the Terms of Use”.

Step 3: Then, verify your email address by copying and pasting the code sent to your inbox.

Step 4: After your email is verified, come up with a password and add a passkey to your device for an additional layer of security.

Step 5: Finally, to verify your account, you’ll need to go through a KYC by scanning your ID card and confirming with a selfie.

How to Trade on CoinW?

Let’s see how you can start trading in this CoinW exchange review.

For example, I’ll show you how to do spot trading, but the interface and options might differ for other types of trading.

Step 1: Click on the three-line icon or use the search bar to select a trading pair.

Step 2: Decide which order you’d like to make: limit, market, or conditional (advanced limit, trailing stop, and stop limit/OCO).

Step 3: Enter how much you’d like to buy or sell, then set the leverage (for spot BTC trading, the highest is 100x).

Step 4: Once your order is set up, click on Buy or Sell, and you’re done.

Take note that crypto trading is considerably risky. Before you proceed, please know how to protect yourself.

Pros

• Very low trading fees
• Exceptional functionality
• Mobile trading app

Main Features

• Very competitive trading fees
• An intuitive mobile app
• Up to 100x leverage available

$30,000 IN REWARDS

Pros

• A very well-known crypto exchange platform
• More than 500 different cryptos available
• Two-factor authentication

Main Features

• Over 500 different cryptocurrencies available
• Strong security
• Small withdrawal fees

$600 WELCOME BONUS

Pros

• Secure and reliable
• Low fees
• A good amount of fiat currencies accepted

Main Features

• Reputable exchange
• Multiple fiat currencies are accepted
• Relatively low trading fees

Visit Site

Conclusion

That’s it for this CoinW review! Overall, it’s an exchange platform that caters to beginner and expert traders, offering a competitive maker/taker fee of 0.2%. The more active you trade, the fewer fees to pay.

That said, we have yet to see some crypto-fiat trading pairs on the exchange. If you're looking for these pairs specifically, try out alternatives like Bybit or Binance. Also, if you're a US or Japanese citizen, CoinW is not available for you to access.

Finally, if you’re asking is CoinW legit? It seems like so, since it does have multiple security measures in place. Having the pros and cons in this CoinW review, try the platform out and see how it works for you!

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. Zhou, J., et al.: ‘Using Secure Multi-Party Computation to Protect Privacy on a Permissioned Blockchain’;

2. W, Zhiying., et al.: ‘Know Your Transactions: Real-time and Generic Transaction Semantic Representation on Blockchain & Web3 Ecosystem’.