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CoinEx

4.8 from 24 votes
Hong Kong

Fees

Taker fee

0.1%

Maker fee

0%

Withdrawal fee

0.001

Funding methods

Wire transfer

Credit card

Other crypto

US investors permitted


CoinEx Review

A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of CoinEx consists of four parts: general information, fees, deposit methods and security.

General Information

CoinEx is a cryptocurrency exchange based in Hong Kong. There are loads of coin exchanges from Hong Kong. Hong Kong is in a way the Mecca of cryptocurrency trading. A non-exhaustive list of competitors to this exchange on its home turf is Binance, Bit-Z, KuCoin, Gatecoin, BitFlip and CoinEx Market.

It does not list US-investors as prohibited from trading. But, US-investors should do their own independent assessment of any problems arising from their residency or citizenship. In a worst-case scenario, they may not be able to trade at one or several exchanges that could be the best cryptocurrency exchange site for them (maybe including this one).

CoinEx Fees

CoinEx Trading fees

The most important lesson to learn when picking a cryptocurrency exchange is that you must always check the fees.

This exchange’s trading fees for takers are 0.10%. This fee is slightly below the industry average. The industry average is arguably around 0.25%. The fee thus constitutes a competitive advantage against the majority of other top crypto exchanges in the market and maybe even makes CoinEx the best cryptocurrency exchange site for you.

Furthermore, this exchange does not charge any fees for makers, thus promoting the liquidity at the exchange. This is a very strong competitive edge in the market and is especially beneficial for the investors not interested in picking up existing orders from the order book but rather prefers to “go fishing” with maker-orders.

CoinEx Withdrawal fees

The exchange charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This is in line with industry average.

Deposit Methods

This coin exchange does not accept any other deposit method than cryptocurrencies, so new crypto investors are actually restricted from trading here. If you don’t have any crypto but want to start trading here, you will first have to purchase cryptocurrencies from another exchange and then, as a second step, deposit them at CoinEx.

CoinEx Security

CoinEx’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.

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We hope you have enjoyed reading the above review. We also recommend checking out the following cryptocurrency exchanges. They are well established in the industry and have also received excellent ratings from the visitors on our site:

  1. Changelly
  2. BitMEX
  3. Bleutrade
  4. Bitsane
  5. Crex24
  6. Paxful
  7. Cryptopia
  8. Binance
  9. KuCoin
  10. Vaultoro
CoinEx compared with other cryptocurrency exchanges