CoinEx Review: Is It Worth It?

CoinEx Review

In this CoinEx Review, we will be looking into all of CoinEx's features and assess whether or not CoinEx is a good choice.

CoinEx Review

Background And History

The CoinEx core team comes from world-leading internet and finance companies, including the earliest adopters/professionals of cryptocurrency who boast rich experience in R&D, global operations, and services in the industry. With the CoinEx proprietary trade matching system and excellent user experience, CoinEx is dedicated to building a highly secure, stable, and efficient cryptocurrency exchange for global users. Currently, CoinEx supports multiple languages and is providing global trading services in over 100 countries/regions.

CoinEx now supports multiple languages and is providing global trading services in nearly 100 countries/regions.

If you would like to sign up for CoinEx, you can do so by using our CoinEx Invite Code!


As the prevalence of cryptocurrency investment, security is what matters most in the Cryptocurrency field. Besides, the anonymity, privacy, and decentralization of cryptocurrency make it hard to trace back your assets once it's been penetrated. CoinEx has provided precautions for this to ensure the safety of user assets.

All your digital assets on CoinEx will be 100% reserved - your coins won’t be used anywhere else and your withdrawals will be 100% processed in time.

The proprietary high-speed matching engine supports a processing capacity of up to 10,000 transactions per second. CoinEx guarantees stability under the concurrency of thousands of orders and properly handles each of your orders.

Adoption of HTTPS and 2-Factor authentication (Google Authenticator and SMS code) available for dual protection. Cold wallet storage and multi-signature strategy guarantee asset safety and collaboration with a top-tier security team to provide full-dimension protection.

Automatic transaction acceleration for deposits and withdrawals is supported by the world's top mining pool and small withdrawals are processed within 5 mins.

If your IP addresses change frequently during a short period, you’ll receive alarm notifications via SMS or Email in case your account was hacked.

When you log in to CoinEx account successfully, the CoinEx system will automatically send you a sign-in notification via an email or SMS, including your IP address, time, and location. You can check the log-in history in the last 30 days on. In case of unknown login that is not operated by yourself, please change your login password in time or submit a ticket to contact the CoinEx customer service.

Once your deposit/withdrawal is on the blockchain, you will receive an email or SMS notification to your bound email/phone to track your account assets in real-time.

After submitting a withdrawal request, CoinEx requires users to reconfirm their withdrawal in the email before it can be executed systematically, which prevents the loss of assets due to incorrect input to a certain extent.

The CoinEx API separately sets read-only, tradable, and cash-out permissions for the newly-added API key permissions, so that you can secure multiple sets of APIs and manage them more effectively.

CoinEx allows users to set API withdrawal whitelist on WEB and API separately to facilitate the expansion of the withdrawal experience in multiple application scenarios.

Holding an Estonia digital asset trading license, CoinEx promises and implements that all your digital assets on CoinEx will be 100% reserved. Your coins won’t be used anywhere else and your withdrawals will be 100% processed in time.

CoinEx provides a series of user-definable security measures. The team encourages users to enhance account security level with featured settings so as to obtain a more secure and efficient trading experience.

The login password is a gateway to enter the CoinEx website. It performs as the first line of and plays an essential role in the security of your assets. Be sure to keep your login password very safely.

When setting the login password, please keep the following points in mind:
1. Never reveal your password to anyone.
2. Do not use the same password on other websites.
3. Use a unique and complex password that contains uppercase, lowercase, numbers, and special characters. The suggested length is 16 digits.
4. Change your password regularly, for example, change your password once every three months;
5. Use password management tools to manage your password in case you forget it.

CoinEx currently supports the following two 2FA methods:

1. Google Authenticator (TOTP one-time password)
2. SMS code

Once you enable 2FA in your account, you can log in, trade, change your password, add API keys, and withdraw via 2FA code. For security reasons, a security hold will be placed on your account for 24 hours after modifying the security tool.

An Extra security layer will be added after passing ID verification. With ID verification, you can also sign up for the ambassador program and enjoy more platform benefits like trade contests.

If you need to freeze the account or no longer use it due to security reasons, you can in order to protect your account security.


CoinEx Tx fee rate varies by different VIP Level and Market Making Level.

VIP Level depends on CET holding while Market Making Level is based on trading volume. The sub-accounts data will be calculated into the main accounts.
The snapshots of CET holding (Holding in the non-CoinEx address included) will be taken at 0:00 (UTC) every day.
The snapshots of the 30-day trading volume will be taken at 0:00 (UTC) and calculated in accordance with the USD exchange rate at that time.
All VIP Level and Market Making Levels will be updated at 1:00 (UTC) every day.
User's actual fees are determined by the lower number between VIP Discount and Market Maker Discount.
By holding CET and enabling "Use CET as Fees", CET can be deducted as a transaction fee directly, which applies to all coin trading.
Maker:Market makers are those who buy or sell at a certain price. They provide the gasoline/depth for the market. Taker: Market takers are those who look for a suitable proposed buy/sell order actively and execute it once conditions are right. Their orders reduce the market depth.

There are various levels for CoinEx VIP members and depending on your VIP level, you will enjoy different fee discounts.

How to obtain VIP membership?

1. You can update the VIP Level when your CET holding meets the requirements.

2. Based on the snapshots result of CET holding (Holding in the bound non-CoinEx address included) taken at 0:00 (UTC), all VIP Level will be updated at 1:00 (UTC) on a daily basis.

3. VIP fees discount is applicable on top of discount using CET as fees.

4. After the VIP is activated, the discounts will be automatically calculated and applied to your orders.

CET Token

What is the CoinEx Token (CET)?
Issued in March 2018, CoinEx Token (CET) is a value-added services & privileges scheme based on CoinEx’s business ecosystem. CET is issued on Ethereum ERC 20 protocol and has been launched on a public CoinEx Chain ( acts as gas.

How to get CET?
1. Referral Rewards: Refer your friends to sign up and trade and you will get CET as rewards.

2. Buy CET: Go to the trading page and buy CET with BCH/BTC/USDT etc.
3. CET promotion: CoinEx will hold promotions and distributed CET occasionally.

Privileges of CET
Deducted as trading fees: CET can be deducted directly with the same market value as trading fees at the dedicated discounts.

VIP services and privileges: Users with a certain amount of CET holding can obtain VIP membership and enjoy privileges such as fees discount, withdrawal acceleration, exclusive customer service, etc.

Promotional campaign rights: CET holders are able to get special qualifications for promotional campaigns on CoinEx like token airdrop incentives, accelerator support, etc.

Preinstalled token on CoinEx Chain: CET is used as a preinstalled token on the CoinEx Chain and acts as "gas". It can also be applied to invest in or trade another coin/token assets.

Aside from circulating within CoinEx Ecosystem, CoinEx plans to extend the usage and applications to scenarios such as payments, etc.

CET Repurchase & Burning
Since its release, CET has been issued and circulated via airdrop incentives, transaction fee discounts, promotions, team unlocking, etc; Meanwhile, according to the value agreement of CET, CoinEx will repurchase CET in the secondary market with 50% of its daily profits from transaction fees every day and burn them at the end of each quarter.

What’s more, CoinEx burned the rest of the unissued 4 billion CET held by the CoinEx Team on March 31, 2019, and has continuously repurchased extra CET from the secondary market. When the circulating supply of CET reduces to 3 BILLION, CoinEx will suspend the plan of CET repurchase and burning.

CET Ecosystem
Spot Trading: Supported by the proprietary high-speed matching engine, the crypto-crypto exchange of CoinEx will list more selected coins/tokens, continue to perfect user experience and liquidity, and introduce margin trading to serve more users globally.Derivatives trading platform: CoinEx derivatives trading platform will provide high leverage trading and hedging services to professional users, including perpetual contracts, lending, etc. More innovative and competitive contract products are also in the pipeline. 
Decentralized trading platform: CoinEx is launching a public chain dedicated to decentralized trading: CoinEx Chain and a CoinEx Chain-based decentralized exchange - CoinEx DEX. It will be a one-stop platform to issue, store, and exchange tokens.


Staking Incentives
Based on the design and mechanism of coin yielding (Interest), CoinEx takes a snapshot (for statistics) of all holders of the specific coins/tokens on a monthly basis and rewards the holder with the interest of the coin/token for their period of holdings. These interests will be credited to the accounts which are also known as Staking Incentives (e.g. Hold VET and get VTHO).

Getting Staking Incentives
A snapshot will be taken of the specific coins and the qualified accounts will receive the staking incentives; Meanwhile, no operation is required during the entire process.

Available Staking Incentives on CoinEx
1. Hold NEO and get GAS

2. Hold VET and get VTHO

Check Allocated Staking Incentives

Log in and select the specific Coin in [Assets]—[Asset History].

Log in and select the specific Coin in [Wallet]—[Exchange Wallet].

Staking Incentives Calculation
Take VET for example Staking incentives are accumulated on a daily basis and allocated to the account monthly.

User daily distributed VET = Daily accumulated VET received by CoinEx * User VET holdings ratio
User VTHO holdings ratio = Daily VTHO staked by User / total VTHO staked by CoinEx

1. The stakings can only be calculated when they reach the minimum amount of the placed order. As of now: 1000 VET; 0.1 NEO.
2. Currently, CoinEx will only take a snapshot of the balance of Spot Account, so if the yielding coin is transferred to Margin/Futures/Option/Contract Account, it will not be calculated thus the account will not be qualified for staking incentives.

The incentive coins can be traded and withdrawn after allocation.

Call Auction

Call Auction is a one-time matching method for all bid/ask orders during a certain period of time according to the price and time priority principles, and a reference price is met on this basis meeting the following 3 conditions:

1. It must be able to generate the greatest trading volume;

2. All placed bid/ask orders with prices higher/lower than the reference price must be completed executed;

3. Either side of all the placed orders with the same price as the reference price must be completed executed.

Call Auction is introduced to reduce the risk of drastic market fluctuation due to lack of liquidity, and the details are as follows:

1. During Call Auction, users may place orders freely and these orders will remain unexecuted in the market, displayed in the trading volume priority principle for real-time price reference.

2. To avoid price manipulation, Call Auction is scheduled in 2 phases: In Phase 1, orders can be placed and cancelled while in Phase 2, users may continue to place orders and these orders cannot be cancelled.

3. An opening price will be matched by the completion of the Call Auction and users may trade freely in the market.

CoinEx Pros & Cons

CoinEx: Pros

  • Helpful customer support
  • Low trading fees
  • 50% discount on fees when using CET
  • Fat withdrawals

CoinEx: Cons

  • Doesn’t accept fiat currencies
  • There's a minimum amount for deposits
  • High fees on withdrawals

CoinEx Review: Verdict

CoinEx is a stable, secure, and fast cryptocurrency exchange, it offers a great number of assets for trading and it is available for customers from around the world.

The interface is user-friendly, customer support is responsive, and transactions are very fast.

Trading fees are fairly low and you can even get an additional 50% discount if you decide to CET to pay for those fees.

The downsides of CoinEx are the fact that it doesn't accept fiat currencies, withdrawal fees are a bit high, also, there is a minimum deposit amount which is a let-down if you want to make minor deposits.

If you would like to sign up and get 20% OFF your trading fees, follow the link below!


CoinEx Review 2


  1. SINA on October, 2021 at 12:07 PM


    • RushRadar on October, 2021 at 2:34 AM

      Hi Sina,
      Can you give us some more details about your issues with CoinEx?