CoinEx
⭐ Trust Score: 8/10
🏆 Arbi.TEAM 9/10
📋 Basic information
📊 Trading statistics
📖 About exchange
🪙 Trading Products and Tools
CoinEx offers a comprehensive set of trading tools, ranging from standard spot trading to complex passive income strategies, making it attractive to traders of different levels.
Spot Trading
Over 500 cryptocurrencies on approximately 1000 trading pairs. Margin trading with leverage up to 10x is supported.
Futures Trading
Leverage up to 100x on 140+ perpetual linear (USDT, USDC) and inverse contracts.
Passive Income
"Financial Account" products (staking), participation in AMM pools, and crypto loans.
Spot Trading: Offers limit, market, stop orders, and advanced tools: Automated Market Maker (AMM), auto-investing (DCA strategy), and "Spot Grid" (trading bots).
Copy Trading: Allows copying the trades of successful traders, available on the platform.
Working with Fiat: Supports deposits via cards (Visa/Mastercard), bank transfers, and numerous third-party services (Banxa, MoonPay, etc.) for purchasing cryptocurrency. Over 60 fiat currencies are available, including USD, EUR, GBP, BRL, and others.
🔐 Security and Support
CoinEx positions security as a key priority, implementing a multi-layered protection system, although its regulatory status in a number of jurisdictions is ambiguous.
Protection Measures
- Account Protection: Mandatory two-factor authentication (2FA), anti-phishing code, login notifications, and IP address monitoring.
- Fund Storage: A combination of cold (offline) and hot wallets, use of multi-signature.
- Proof-of-Reserves: Public confirmation of the availability of 100% reserves to secure client funds. According to reviews, the total assets in storage exceed $810 million.
Regulation
Mixed Status: CoinEx does not have licenses from leading global Tier-1 regulators (such as SEC, FCA). At the same time, the exchange claims to have a number of registrations: a VASP license in Poland (obtained in 2024), a previous FIU license in Estonia (the validity of which in 2025 requires clarification), and MSB registration in the USA (which, however, does not allow serving American users). In some countries (e.g., Canada and Thailand), regulators have warned about the platform operating without the necessary licenses.
Support
24/7 support service available via ticketing system and email. User reviews about support speed and quality vary: some customers note its responsiveness, while others report delays in resolving issues.
💳 Deposits and Withdrawals
CoinEx offers a flexible system for working with fiat through multiple channels, while deposits and withdrawals in cryptocurrency are free, excluding network fees.
Verification (KYC)
Not required to start trading. This is the main advantage for users. Without identity verification, the daily withdrawal limit is $10,000 and the monthly limit is $50,000. Passing verification (requires ID and selfie) increases the daily limit to $1 million.
Account Funding
Fiat: Wide choice: Visa/Mastercard bank cards, Apple Pay/Google Pay, bank transfers (SEPA), P2P platform, and partner services (Banxa, MoonPay, Mercuryo, and others).
Cryptocurrency: Deposits are available for all supported coins through various networks. There are no deposit fees.
Withdrawals
Withdrawal of cryptocurrency to external wallets. Fees are set depending on the asset and network (e.g., 0.0005 BTC for Bitcoin). Fiat withdrawal is possible, probably through partner services and the P2P platform.
👍 Pros and Cons
Based on an analysis of official information and user reviews, the key strengths and weaknesses of the exchange can be highlighted.
Advantages
- ✅ No Mandatory KYC: Ability to start trading with high withdrawal limits without identity verification.
- ✅ Huge Selection of Assets: Support for over 500 cryptocurrencies and around 1000 trading pairs, including rare altcoins.
- ✅ Extensive Fiat Options: Multiple deposit and withdrawal methods, support for dozens of fiat currencies.
- ✅ Competitive Fees: Low trading fees, which are further reduced by using the native CET token and increasing VIP status (from 0.2% on spot to 0.08% for VIP5).
- ✅ Public Reserves (Proof-of-Reserves): Transparency in securing user funds.
Disadvantages
- ❌ Ambiguous Regulation: Lack of licenses from leading global regulators and warnings from financial authorities in some countries (Canada, Thailand).
- ❌ Country Restrictions: Complete ban on serving users from the USA, Canada, mainland China, and Hong Kong. Attempts to bypass using VPN are strictly prohibited and may lead to account blocking.
- ❌ Concerns About Support: Some users note the slow response of the support service to complex requests.
💡 Tips for Beginners
Check Availability in Your Region
Before registering, ensure you are not a resident of a banned country (USA, Canada, China, Hong Kong). Using a VPN to bypass blocking is risky.
Start Without KYC, But Evaluate the Need for Verification
You can start trading immediately after registration. If you plan large operations, complete verification to remove withdrawal limits.
Activate All Security Levels
Always enable 2FA (e.g., via Google Authenticator) and set an anti-phishing code to protect your account.
Study the VIP Program and CET Token
Using the native CET token to pay fees and holding it in your account can significantly reduce trading costs.
🌐 Interface and Accessibility
Interface: Fully translated into 18 languages. The exchange offers a web version and mobile apps for iOS and Android, which are rated as convenient and functional. The trading interface includes integration with TradingView for technical analysis.
🌏 Restricted Countries and Territories
CoinEx does not provide services to users from the following countries and territories:
Countries Under a Complete Ban:
- USA (including all states and territories)
- Canada (in all provinces)
- China (mainland part)
- Hong Kong (Special Administrative Region)
Important Note: The ban on access for users from the USA and Canada is the result of lawsuits and demands from local regulators. The exchange actively blocks access attempts from these regions, including the use of VPN. Before registering, check the current terms of service on the official website.
💱 Reliability Analysis of CoinEx for Arbitrage Operations
The CoinEx exchange is reliable for cryptocurrency arbitrage. In favor of this, we can cite the following facts based on our trading experience:
📈 Summary on Arbitrage
Problems with the exchange occur quite rarely. In general, the exchange is very reliable; non-standard situations happen extremely rarely.