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Once your transaction gets completed, BCH will be available on the wallet. It is assumed that the user has already deposited BCH on the CoinEx account. Once your transaction gets completed, LTC will be available on the wallet. Once your transaction gets completed, ETC will be available on the wallet. Once your transaction gets completed, ETH will be available on the wallet.
If SMS support is not available for your country, then you need to use the Google Authenticator app to receive the authentication codes. In addition to 2FA, the exchange transmits all the data and information over a secure HTTPS network. Also, CoinEx ensures the maximum protection to its customers’ funds, by storing them on cold storage wallets. Tokenhell is a blockchain & crypto news agency where you can discover news about crypto coins, technical analysis, blockchain events and detailed reviews. None of the information you read on Tokenhell should be regarded as investment advice. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions.
Unlike some other exchanges, CoinEx can be used by techy guys and novices as well. If you can click around, you can maneuver your way on the platform. Content) and the views expressed in these types of posts do not reflect the views of this website.
What Services Does CoinEx Offer?
CoinEx exchange has more than 260,000 monthly visitors to their website and over three hundred active markets. With the internet today, it is easy for any company to tout their flawless services online – but reviews don’t lie. Not many crypto service providers out there are true to their words, so users should always do their due diligence before any investment.
Upon payment, CoinEx will first settle the interest and then, with the remaining funds, settle the borrowed amount. 30% of the daily interest goes towards an insurance pot to cater to bankrupt positions. CoinEx exchange accepts users from all countries in the world including the EU, UK, US, Australia, and Canada. CoinEx exchange charges just the market takers a 0.10%, but market makers are not charged for transactions on the exchange. We’d advise that you keep your password strong and private and always use a secure and unique email address.
All that’s required is an active email address for the first step of verification. What’s more, CoinEx exchange just launched some super exciting features as they recently launched.
There are aspects of any cryptocurrency platform that will appeal to different types of investors. It is expected that the CoinEx exchange will add support for fiat currencies very soon. Goodman Casino is an online casino that launched in 2021 and is licensed by the Government of Curacao. It is operated by Dama N.V., an experienced operator with over 40 other platforms. The casino offers over 5,000 online games, including live dealer and jackpot titles.
Rated by CMC as the world’s largest crypto asset exchange and top-rated for its altcoins support, Binance has gained massive trading volumes and excellent liquidity. All transaction fees on the platform are calculated and converted to CET tokens. The CET tokens are then distributed back to traders depending on the transaction volumes. The team alerts you through SMS or Email once you deposit or withdraw an asset.
So far, the exchange has successfully created a smooth and trusted operating environment for its clients through support from its outstanding staff. On every single transaction, no matter what payment method you have chosen, you’ll pay a variable fee ranging between 2% and 8%. The only way to avoid it is by depositing crypto into your CoinEx account with your crypto wallet. The South Korean Financial Services Commission has revealed that it is cracking down on 16 cryptocurrency exchanges for failing to register with the authorities. The payment method for most of the regions and trading pairs is solely cryptocurrency.
Each token available on the platform has several trading pairs and constantly changing pools. CoinEx is a cryptocurrency exchange with a wide range of cryptos and trading products. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Even though the exchange doesn’t provide any advanced security features , it provides the standard 2FA option to protect customers’ funds. Also, it makes use of security factors like multi-signature https://cryptolisting.org/ strategy and HTTPS to provide full-dimension protection for customers’ funds and data protection. Investments are subject to market risk, including the loss of principal.
How CoinEx works
These services and products can be paid for by either digital assets or dozens of fiat currencies that the exchange supports. Each of these products charges corresponding fees from the users, although some of the processes are free of charge on the platform. It doesn’t accept fiat payment methods like credit or debit card and SEPA transfer.
- This reduces the risk of losing funds in an exchange hack, but it can bring additional responsibilities.
- The firm matches orders at enormous speed through its exclusive matching engine.
- Each token available on the platform has several trading pairs and constantly changing pools.
The notification is sent to the phone linked to your account to personally monitor your assets and account activities in real-time. CoinEx also has a blog where users are informed of available updates concerning the products offered by the firm. The security of the data transferred over the CoinEx website is achieved through the Hypertext transfer protocol secure . It also uses two-factor authentication – both google authenticator and SMS Code to add an extra layer of security. The firm works together with an intelligent security team that takes a risk-based approach regarding the safeguarding of customers’ funds. In addition to the anonymity that cryptocurrency offers, CoinEx has gone further to provide maximum security for users.
The firm takes several precautionary steps to ensure that user assets are kept secure and that activities maintain a high level of privacy. The prevailing rate of cryptocurrency scams should become worrying for anyone in the crypto space. However, many investors find solace in trusted and reliable exchanges to safeguard their money.
Margin trading is a trading technique where you trade an asset using borrowed funds from a third party. With a highly capable ecosystem of digital platforms and services, CoinEx stands as one of the giants in the domain of cryptocurrency trades. It’s worth noting that some investors choose to transfer their assets in an external crypto wallet. This reduces the risk of losing funds in an exchange hack, but it can bring additional responsibilities. For example, if you lose the keys to your wallet, you may not be able to access or recover your funds.
Best Crypto Swap Sites
The deposits can be made through various currencies that including USD, GBP, INR, etc. The fees charged by the platform for various transactions can be considered less than the industry average. The large volume of daily trades enables the company to stay competitive at low rates. The fees do vary depending on whether the user adds to the liquidity or takes away from it. Margin and futures trading are both high-risk products that are best left to experienced traders.
Each payment processor has a different fee structure, but there’s usually a set fee as well as a subpar exchange rate. Let’s say you wanted to buy Bitcoin using Simplex, one of the site’s third-party processors. If you spend $200, you’ll get $184 worth of Bitcoin — that’s a $7 fee and a further $9 hidden in the spread. None of its content should be treated as financial or investment advice.
CoinEx does offer a way to earn interest on about 20 assets, but the rates are very low. Plus, there’s no transparency about how it is generating interest and what risks are involved. For example, some platforms loan out your assets and pay you a part of the returns. CoinExis a cryptocurrency exchange that was launched in December 2017 and has its headquarters in Hong Kong. It supports multiple languages and accepts users from more than 100 countries. Though the CoinEx cryptocurrency exchange is fairly new in the market, it had in a short time impressed lots of traders with its cutting-edge technologies.
What’s also impressive about the exchange is the fact that it’s got a good number of coins that can be traded on the platform and incredibly low fees. CoinEx cryptocurrency exchange offers referral rewards to users who use their referral code in inviting others on the platform. Along with spot trading, CoinEX supports margin trading and charges a fee on it as well. Before we consider the fees, you should have an understanding of how margin trading works in the financial markets.
There are a few key things to look for in a crypto exchange, which should be like your guide before you entrust your money to any particular one. The security of a crypto platform can’t be overstated; this quality should normally be at the fore of any financial institution. However, not so many crypto platforms can boast of a secure platform, low fees, high liquidity, or even excellent support.
CoinEx Review Conclusion
A huge variety of services and features can enhance the entire experience of the platform and trading for anyone. Having started in Hong Kong, CoinEx has become one of the more reputed names in cryptocurrency exchanges worldwide. CoinEx is a cryptocurrency exchange and a service provider for various blockchain-based products.
CoinEx Review
CoinEx has low trading fees compared to other exchanges, further lowered with high volume trading. The payment methods do include wire transfers, and VISA & MASTERCARD are not available for all providers. The combinations of various crypto coins and fiat trading pairs enable individuals to choose from a unique bunch. Some of the past user reviews have not been pleasant due to delayed transactions, albeit this was not a frequent observance. The exchange offers big liquidity pools for each coin that it supports, and the daily claimed traded volume is quite high.
Likewise, the platform has provided countless options and payment methods for purchasing crypto. There’s even a quick swapping option available for those who want to exchange what is coinex one asset for another without dealing with complicated charts. These services have been architectured well into a hassle-free ecosystem for trading any coin.
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CoinEx’s withdrawal fees are similar to those on other crypto exchanges. You can simply purchase crypto assets with quick payment methods, swap your cryptocurrencies, or invest them through mining. Aside from the professional trading features, the platform has simplified everything for its users. CoinEx is a tremendously simple, yet professional, cryptocurrency exchange that doesn’t compromise on the features that everyday traders and crypto buyers need. With 500 tradable assets and also futures, CoinEx traders have more than enough options to work with. You can pick any asset, explore its chart, evaluate your position, and trade.