CoinEx Review 2026: Is This Crypto Exchange Safe And Legit?

CoinEx is a leading crypto exchange platform that launched in 2017 and now supports more than 1,300 cryptocurrencies across spot, margin, and futures markets. It allows you to trade, earn, and manage digital assets with optional KYC and global access in over 200 countries.

The top features of CoinEx are spot trading, futures trading with up to 100x leverage, margin trading, copy trading, staking and earning products, P2P trading, on-chain swaps, and a full iOS and Android mobile app.

In this CoinEx exchange review, we will cover how CoinEx works, its fees, supported countries, KYC rules, and whether it is legal and safe to use. You will also learn about its key features, pros and cons, deposit and withdrawal process, and real user feedback so you can decide if it fits your trading needs.

CoinEx Review: What Is This Crypto Exchange?

CoinEx is a centralized cryptocurrency exchange founded in December 2017 by the team behind the ViaBTC mining pool. It began in Hong Kong and then later moved its headquarters to the Seychelles. The core focus has always been on stability, transparent pricing, and a wide selection of cryptocurrencies. 

Hence, over the years, CoinEx has grown to support more than 1,300 digital assets and more than 1,900 trading pairs, along with serving more than 10 million users across 200+ countries and regions. Here, you have access to major coins like Bitcoin (BTC) and Ethereum (ETH) as well as hundreds of new altcoins that may be hard to find elsewhere.

The platform also uses a 100% PoR policy to show that they are not using your money for other things. They use something called a Merkle Tree audit to prove their reserves every month. You can check these records yourself on their official website anytime you want. The company also created its own native token called CET.

Who Should Use CoinEx Exchange?

• Trade a variety of altcoins: CoinEx offers a larger coin selection than many mainstream exchanges, with more than 1,300 coins and 1,900+ pairs. You can trade a bit of everything, from established coins to new tokens.
• Value anonymity: CoinEx allows unverified users to deposit, trade, and withdraw up to $10,000 per day or $50,000 per month without completing KYC. You can just trade and withdraw within these limits without sharing your documents.
• Need both spot and derivatives markets: The CoinEx exchange platform offers spot, margin, and futures contracts with leverage up to 100x on select trading pairs and 75x on new risky altcoins.
• Passive income: Its earning programs include staking, liquidity pools, crypto loans, and flexible savings accounts that pay daily interest.

Which Countries are Supported on the CoinEx Platform?

The CoinEx exchange supports users from over 200 countries and regions globally. You can access the services from most parts of Europe, Asia, Africa, and South America without any major issues, and countries like India, Brazil, Russia, Japan, and the United Kingdom have a lot of active users on the site. The platform really tries to be a “global” cryptocurrency exchange, and it offers localized support for different regions.

However, it obviously enforces strict geo‑blocking in specific jurisdictions. CoinEx warns against using VPNs or other workarounds, noting that doing so risks account suspension. So, according to its terms of service and recent compliance updates, the exchange does not provide services to:

• United States: Well, following legal action by the New York Attorney General and broader U.S. regulatory pressure, CoinEx agreed in June 2023 to refund affected users, pay $1.8 million in penalties, and then permanently block all U.S. residents.
• Mainland China: You know, all cryptocurrency transactions are illegal under China’s 2021 crackdown, so CoinEx blocks users there.
• Canada: It does not offer trading services in Canada due to large regulatory pressure. Basically, the new Canadian securities rules forced CoinEx to cease operations nationwide.

Is CoinEx Legal in the USA?

No, the CoinEx platform is not legal for residents of the United States and has officially stopped serving US customers. You should know that this happened after a legal settlement with the New York Attorney General in 2023. The exchange agreed to block all US IP addresses and prevent any new sign-ups from the country. Actually, the company had to pay a fine of $1.8 million and stop its operations in the US entirely.

The platform uses geo-blocking technology to detect and stop US users from accessing the site. Even if you try to use a VPN, you might get your account locked if they find out where you really are. So, it is not worth the risk of losing your funds just to use one specific exchange, and there are other regulated options for US citizens that follow local laws properly, like Coinbase and Kraken.

How Does CoinEx Work?

CoinEx works as a centralized exchange that matches buyers and sellers using a high-performance engine. You first need to send some crypto to your wallet on the site or buy some using a credit card. 

Now, once you have funds, you can go to the market section and choose the coin you want to buy. The system will look for someone who is selling that coin at the price you want. Basically, it acts as a middleman, and it makes sure the trade happens safely and quickly.

You can choose between different types of orders, like Market orders or Limit orders. A market order happens instantly at the current price. A limit order only happens when the price reaches a level you choose. Well, the platform also offers a “Swap” feature for people who do not want to look at charts. You just select the two coins and the system swaps them for you in one click. CoinEx also features P2P trading, copy trading, futures trading, auto‑invest bots, and an iOS/Android app. All these services are accessible through a web interface and mobile applications.

Does CoinEx Require KYC Verification?

No, CoinEx does not require KYC to trade. You can deposit, trade, and withdraw cryptocurrencies anonymously up to $10,000 per day or $50,000 per month. 

But again, to buy crypto with a credit or debit card, or to raise withdrawal limits to $1,000,000 per day, you must verify your identity. The KYC process involves uploading a passport, ID card, or driver’s license, plus a selfie and a handwritten note with “CoinEx” and the date. Mainly, KYC is only needed when raising withdrawal limits or purchasing crypto with fiat. Also, if you are looking for another no-KYC exchange, you can check out our MEXC review.

CoinEx Review: Pros and Cons

The pros of CoinEx are a huge selection of coins, no-KYC trading, a competitive fee structure, advanced trading tools, earning products, high security, and a user-friendly interface.

The cons of CoinEx are limited licenses, unavailability in certain countries (Like the US and Canada), and past security breaches.

What are the Benefits of Using CoinEx?

• Huge selection of cryptocurrencies: There are more than 1,300 coins and 1,900 trading pairs that give you exposure to established and emerging projects. 
• No mandatory KYC for basic use: You can trade and withdraw up to $50,000 per month without submitting identity documents.
• Competitive fee structure: Spot trading fees start at 0.2% and futures fees at 0.03%, with discounts for VIP tiers and CET token holders, so the fees remain competitive even as your volume grows.
• Advanced tools for trading: CoinEx offers margin and futures markets with up to 100× leverage, copy trading, grid trading bots, and auto‑invest features. 
• Earning products: Flexible savings, fixed staking, liquidity pools, crypto loans, and airdrop promotions provide multiple ways to earn passive income, and the returns can be pretty appealing, though returns can be kinda unpredictable due to market volatility.
• Proof‑of‑reserves and security measures: The exchange stores over 90% of assets in cold wallets, publishes proof‑of‑reserves, and maintains an Insurance Fund (CoinEx shield fund) to compensate users for losses.
• User‑friendly trading interface: The trading dashboard is clean, with markets, charts, and order books clearly laid out. The mobile app is also very fast, and it is easy to use on both iPhone and Android.

What are the Risks of Using CoinEx?

• Limited regulation: CoinEx is registered with Estonia’s FIU and Poland’s VASP but lacks licenses in major markets like the U.S. and U.K. It previously held a U.S. MSB license, but that was revoked in 2023, so it’s kind of operating in a gray area.
• Country restrictions: Generally, residents of the United States, Canada, and Mainland China cannot use CoinEx. Also, you might think about using a VPN, but whatever you do, attempting to bypass geo‑blocks can lead to account suspension.
• Past security breach: Well, in September 2023, CoinEx’s hot wallets were hacked, and it led to losses estimated between $31 million and $55 million.

CoinEx Review: Standard Available Fees

The CoinEx platform uses a very competitive fee model, and it rewards users for trading more or holding their native token. The base spot trading fee for most people is 0.2% for both makers and takers. For futures trading, you need to pay 0.03% maker and 0.05% taker fee.

1. CoinEx Spot Trading Fee

CoinEx spot trading fees are 0.20% maker/taker. CoinEx’s VIP program reduces fees as your 30‑day trading volume and CET holdings increase, so paying fees with CET tokens grants an extra 20% discount. 

2. CoinEx Futures Trading Fee

The futures trading fees are even lower than the spot fees, and they start at 0.03% for makers and 0.05% for takers. The platform offers both Perpetual and Delivery contracts for various coins. Most people prefer the perpetual ones because they do not have an expiry date. You should also watch out for the Funding Rate, which is a small payment between long and short traders every 8 hours.

3. CoinEx Deposit and Withdrawal Fees

The CoinEx exchange does not charge any fees for depositing cryptocurrency into your account. You can send as much as you want, and the full amount will show up in your balance once the network confirms it. Now, fiat deposits through third‑party gateways (Simplex, MoonPay, Banxa) include processing fees embedded in the quoted price.

Next, CoinEx withdrawal fees depend on the asset and network. Here are some common examples:

Does CoinEx Have Hidden Fees?

The platform does not have any hidden fees that will surprise you later on. You can see all the costs for trading, withdrawing, and borrowing right in the “Fee” section of their website. There are no monthly account maintenance fees or inactivity fees. Well, you only pay when you actually do something on the site, and that is how it should be.

You should be careful when using third-party services to buy crypto with fiat money. You see, partners like Simplex or MoonPay have their own fees, and they can be a bit high. These are not CoinEx fees, but they are part of the total cost of getting your money onto the platform.

CoinEx Review: Key Features and More

The top features of CoinEx are spot trading, 100x leverage futures trading, copy trading, margin trading, staking, savings, and a user-friendly mobile app.

1. CoinEx Spot Trading

Spot trading is the most basic activity on CoinEx. You can place market orders to buy or sell instantly at the current price, or limit orders to set your desired price. You will see a very professional chart powered by TradingView, and it has all the indicators you need. 

The interface is clean, and it does not have any annoying pop-ups. You can easily switch between different pairs and see the order book in real-time. It includes candlestick charts, depth charts, order book data, and trading history.

Now, there are over 1,300 cryptocurrencies supported, and you can trade in multiple quote currencies, including USDT, USDC, BTC, and CoinEx’s native token CET. CoinEx also offers on‑chain swap trading. Basically, this allows you to swap tokens from decentralized exchanges directly inside the interface.

2. CoinEx Futures Trading

The CoinEx exchange provides perpetual futures trading contracts on nearly 200 markets with leverage up to 100x. You can choose cross or isolated margin modes and adjust leverage for each position. 

The trading screen is similar to spot but includes additional controls like leverage sliders, risk indicators, funding rate information, and profit‑and‑loss tracking. The system uses a “Mark Price,” and it prevents unfair liquidations during sudden price spikes. Well, this is a very important safety feature, and it protects honest traders. You can also set Stop-Loss and Take-Profit orders very easily to manage your risk. CoinEx also provides a demo trading mode with virtual USDT so you can practice futures trading strategies without risk.

3. CoinEx Copy Trading

Copy trading lets you follow experienced traders and automatically mirror their positions. CoinEx hosts thousands of verified copy traders with transparent statistics, including overall profit and loss, drawdown, win rate, and follower count. Now, once you find someone you like, you can set your account to automatically copy their trades. Basically, when they buy, you buy. When they sell, you sell. You do not have to do anything except watch the results.

You can also decide how much capital to allocate, and you can stop copying at any time. Here, profit‑sharing agreements generally range between 10% and 30% of your profits, which are paid to the lead trader. Currently, copy trading is only available for futures markets.

4. CoinEx Margin Trading

The margin trading feature lets you borrow funds from the exchange to increase your buying power in the spot market. The maximum leverage you can use to borrow funds is 5x. Now, this is different from futures because you are actually holding the coins in your account. You will also have to pay a small amount of interest on the money you borrow.

CoinEx automatically calculates interest on borrowed funds, and then it is deducted from your account every hour. You need to make sure to monitor your margin level; if it falls below the maintenance threshold, the platform will liquidate your positions to protect lenders.

5. CoinEx Earning and Staking

CoinEx Earn includes several ways to generate passive income; basically, you can deposit coins and watch the yields accrue:

• Flexible savings: You can deposit supported coins and earn daily interest at variable rates. Yields on stablecoins like USDC and USDT have recently topped 14%, while BTC flexible savings yield around 11%. Here, you can redeem funds at any time.
• Fixed savings: This time, you have to lock your assets for 30 or 90 days to receive higher yields. Plans are available for USDC, USDT, ETH, and BTC with annualized returns between 2% and 7%.
• Staking: CoinEx supports staking on coins like Solana (APY around 4.73%) and Polkadot (8.51%). Plus, CET staking has no service fee. Also, staked assets may be locked for a period, so check the product terms.
• AMM liquidity mining: You can contribute liquidity to automated market maker pools and earn a share of trading fees. Some pools offer yields between 6% and 15%.
• Crypto loans: Here, you can borrow stablecoins like USDT or USDC using crypto as collateral, and daily interest starts around 0.10%.
• Mining and airdrop programs: CoinEx occasionally offers high‑APY mining through CET staking (recently over 187% APY) and airdrop tasks that pay small rewards for completing educational activities.

6. CoinEx IOS and Android Mobile App

CoinEx mobile app is available for both iOS and Android. You can download it directly from the Apple App Store or Google Play Store. The app has a 4.5+ rating because it is very stable and has almost all the features of the website. You can trade, deposit, and withdraw coins. The app even has a “Security” section where you can manage your 2FA and login history.

The interface is optimized for small screens, so the buttons are easy to tap and the charts are clear. You can set up Price Alerts, and your phone vibrates when a coin reaches a certain price. This is really useful, so you do not miss out on big moves. Actually, many people prefer using the app over the website, and they find it feels more modern and faster.

The CoinEx app also supports fingerprint or face ID login and features a built-in wallet that can connect to external decentralized apps via the CoinEx Wallet.

How to Open an Account and Start Trading on CoinEx?

Step 1: You need to create your CoinEx account by visiting the official website and clicking “Sign Up”. First, you type in your email and a strong password. The system sends a verification code to your email. You must enter that code to finish the process.

Step 2: The platform offers several layers of protection for your funds. You should enable 2FA using an authenticator app right away. You should set a withdrawal password and an anti-phishing code, too. Actually, you can whitelist trusted addresses if you want extra security.

Step 3: Now, click “Assets” and choose the “Deposit” button to start. Just pick your coin and copy the provided address. You can transfer the funds from your personal wallet to this address. The money shows up once the transaction confirms on the network.

Step 4: The trading happens in the “Markets” or “Spot” section of the site. You pick your pair and set a limit or market order. You just check the details and click Buy or Sell. The process is very simple and fast for everyone.

How Do I Withdraw From CoinEx?

To withdraw from CoinEx, follow these steps:

• Log in and go to “Assets.”
• Click “Withdraw.”
• Select the cryptocurrency you want to withdraw.
• Enter your destination address and choose the correct network (e.g., ERC‑20, TRC‑20, BEP‑20). Also, you should make sure the destination wallet supports the selected network.
• Now, input the amount to withdraw, and the system will display the applicable network fee.
• Enter your withdrawal password and 2FA code.
• Review all details and click “Withdraw.”
• Confirm by email if required. CoinEx sends a confirmation email for security purposes. You may have to open the email and click the verification link.
• Now, you should wait for blockchain confirmations. Generally, withdrawal times vary from a few minutes to an hour or more, depending on network congestion.

How to Deposit on CoinEx?

To deposit on CoinEx, follow these steps:

• Navigate to “Assets, and then Deposit.”
• Select the cryptocurrency you wish to deposit, review the supported networks, and choose the network from which you are sending.
• You need to copy the deposit address or scan the QR code, and then double‑check the address to avoid errors.
• Send the funds from your personal wallet or another exchange. The deposit will be credited after the required number of blockchain confirmations, usually within minutes for fast networks like TRON or Solana.
• Also, for fiat deposits, click “Buy Crypto” and select a CoinEx payment partner (Simplex, MoonPay, Banxa, PayPal, etc.). Enter the amount, follow the on‑screen prompts, and complete the purchase. You will see that fees are included in the quoted price.
• You can also use the P2P marketplace to deposit local currency via bank transfer, e‑wallet, or cash deposit. Here, you have to choose a trusted seller with good ratings, follow the escrow instructions, and release funds only after the seller has confirmed the trade.

CoinEx Exchange Review: Customer Support and User Feedback

CoinEx offers 24/7 customer support, so you can always reach someone through live chat and email. You can access support via the Help Center on the website or mobile app. The team supports multiple languages, including English, Chinese, Russian, Japanese, and Spanish. Now, to speed up resolution, you need to provide detailed information such as your account UID, order ID, transaction hash, and the time of the issue.

The user feedback for the platform is mostly positive, and it highlights the wide range of coins and the simple app. Many traders on sites like Trustpilot or Reddit say they love the “No KYC” option. Actually, people often recommend it as the best alternative for traders who cannot use Binance or Coinbase.

Conclusion: Is CoinEx Safe and Legit to Use?

To sum up our CoinEx review, it is a safe and legitimate platform for cryptocurrency trading for most global users. It has a long history of serving millions of customers, and it has proven that it can handle security challenges responsibly. The 100% reserve policy and the Merkle Tree audits are strong signs that your money is actually there. So, this is one of the best choices you can make if you live in a supported country and want access to over 1,300 coins.

Yet CoinEx is not perfect. The exchange lacks comprehensive regulation and is banned in the United States, Canada, and Mainland China. Well, the fact that they do not force KYC for small traders is a huge benefit for privacy-minded people. Anyway, you should now have all the info you need to decide if the platform is right for you. So, use this CoinEx review as a guide, take into account your location, risk tolerance, and goals, and remember that cryptocurrency trading involves risk.

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