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 CoinWinEx consists of four parts: general information, fees, deposit methods and security.
UPDATE 5 March 2019: This exchange seems to have closed down its operations. When accessing the domain, you meet this message:
CoinWinEx is a Turkish cryptocurrency exchange. Turkey has a surprisingly large number of cryptocurrency exchanges. Bithesap is one of them, but there are many many more.
At CoinWinEx, you can buy and sell BTC and XIN against the fiat currency Turkish Liras. You can however not trade any other cryptocurrencies.
This Turkish cryptocurrency exchange 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.
CoinWinEx Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. In spite of a lot of attempts, we have not been able to access the website of CoinWinEx. Accordingly, we have not been able to acquire a view of the trading interface at CoinWinEx either. We apologize for any inconvenience this may cause.
CoinWinEx Trading fees
The trading fees at CoinWinEx have previously been stated to be 0.10%. At the time of writing this review, however, we have not been able to find the relevant trading fees. Until we have received opposing information on the trading fees, they will remain listed as 0.10%.
CoinWinEx is different from most top crypto exchanges in the way that it does not offer regular trading between other cryptocurrencies than BTC and XIN. The only service offered is buying and selling BTC and XIN. When buying BTC or XIN from the exchange, the purchase price that the exchange offers is likely higher than the market price. Conversely, when selling BTC or XIN to the exchange, the purchase price offered is likely lower than the market price. The mark-up or mark-down is not specified anywhere. This is potentially a risk for you as an investor. Accordingly, we strongly urge you to make you own analysis of the fees and price differences at CoinWinEx before executing any transactions there and before concluding that this exchange is the best cryptocurrency exchange site for you.
CoinWinEx Withdrawal fees
The withdrawal fees at CoinWinEx have previously been stated to be 0.0005 BTC when withdrawing BTC. At the time of writing this review, however, we have not been able to find the relevant withdrawal fees. Until we have received opposing information on the withdrawal fees, they will remain listed as 0.0005 BTC when withdrawing BTC.
We have not been able to ascertain whether wire transfers or credit cards are available deposit methods. As you can trade the fiat currency Turkish Liras on the exchange, at least one of them must reasonably be an available deposit method however.
CoinWinEx’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.
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: