UPDATE 15 July 2021: When trying to access the website of CoinX.pro today, we were unsuccessful. There have been no preceding messages on system maintenance or new websites or anything similar.
Accordingly, we believe that this exchange has closed down and we have marked it as "dead" in our Exchange Graveyard. If the exchange's website would become accessible again and the error is just temporary, we will "revive" it and bring it back to our Exchange List.
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CoinX.pro is a crypto exchange based in the Seychelles that launched in 2017. It does also have a registered address in Hong Kong.
Out of the exchanges listed in our Exchange List, only a few others have their registration there (e.g. BitMEX, PrimeXBT, BaseFEX, Remitano, DigiFinex, BitForex, BitMesh, KKEX and Huobi). However, the crypto market is truly global in its nature and as such the home of the exchanges doesn’t matter that much to the users.
If you look at the trading volume of this particular platform, it is unfortunately very low. Although we don’t have any data from coinmarketcap.com to rely on, CoinGecko reports that the 24 hour trading volume on the date of first writing this review (12 November 2019) was USD 21,289. On the date of last updating this review (16 March 2020, right in the middle of the crisis with COVID-19), the trading volume was only USD 942. This trading volume is so low that we feel that there is a risk that this exchange will have to shut down in the near future. So, if you’re a potential user of the platform, be careful.
As far as we can tell, this platform does not prohibit US-investors from trading there. Accordingly, we do believe that it is open to US-investors as well. Any US-investors that want to trade here should in any event form their own opinion on any issues arising from their citizenship or residency.
This trading platform is also available as a mobile application, for both iPhones and Android phones. So if you prefer to do your crypto trading on-the-go, that’s possible also with an account at this exchange.
CoinX.pro 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 crypto 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 see that it feels right to you. The below is a picture of the trading view at CoinX.pro:
CoinX.pro Trading fees
Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade. The maker thus “makes” the order being executed. The other party is the taker, who places the order that matches (or “takes”) the maker’s order. The maker-taker model normally encourages market liquidity by rewarding the makers of that liquidity with a fee discount.
CoinX.pro’s trading fees for takers are 0.05%. This fee is far below the global industry average. The global industry average is arguably around 0.25%, although we are currently seeing a shift towards lower fees. Many exchanges now charge e.g. 0.10% or 0.15% instead.
But the taker fees are not even this platform’s strongest edge. At the CoinX.pro-exchange, makers don’t pay any fees at all (0.00%). Naturally, this is a great deal for the makers in the trades at this exchange.
CoinX.pro Withdrawal fees
The exchange charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This fee is in line with or slightly above the industry average (arguably 0.000812 BTC per BTC-withdrawal).
All in all, the fees charged by CoinX.pro are competitive.
At this exchange, you can not deposit fiat currency. This means that new crypto investors (i.e., those without any previous crypto holdings) can’t trade here. In order to purchase your first cryptos, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!
CoinX.pro declares on its website that it employs “bank-level security measures”. They exemplify this with saying that they use cold storage, multi-sig wallets, and segregated account systems.