CoinEx - coinex.com REVIEW, TRADING VOLUME AND PAIRS
CoinEx is the largest cryptocurrency exchange in the Asian region, positioning itself as a young and promising Hong Kong exchange. The coinex.com official website was launched in December 2017 - at the peak of investor interest in the crypto-industry. At the time of writing, the daily trading volume is just under $800 million dollars. Among the most popular coins are Bitcoin, Ethereum, and Litecoin. Some rare coins like Lambda, Algorand, and Ontology are also traded here. A large selection of trading pairs, the number of which has long exceeded 200, can be a great bonus for an investor.
Interface is intuitive and user-friendly. The signing up process is extremely simple.
At first sight, the platform is practically no different from any other similar project. The menu on the top includes the following items:
On the right is a menu for switching languages. You can choose English, French, German, Russian, Ukrainian, and a couple of Asian languages.
To get directly into the trading interface, you need to go to the "Exchange" menu. You can see a familiar trader's cabinet with a "Japanese candlestick" chart, market reviews, and a book of stock orders. It is a wide range of tools that makes day trading quite popular.
Cryptocurrency exchange can capture the attention of traders with low trading commissions (0.1%) with a decrease for large CoinEx Token (CET) holders. The internal token is not only a reward for mining but also a key element of the loyalty program. For instance, users of VIP-1 status, which is received by holders of more than 500,000 CET, pay a commission fee of 0.09% from the transaction amount and even less if they pay with CET coin.
The exchange does not charge money for depositing an account in any of the cryptocurrencies available on the platform. For the withdrawal of funds, the system charges a fixed fee, which is individual for each coin. For the withdrawal of the GAS coin, users do not need to pay commissions, however, for the withdrawal of BTC, the system will take 0.0001 BTC. And do not forget that the platform sets a minimum amount of funds deposit/withdrawal.
An internal token
has an internal CET token, which is an advantage and the key element of the project. When trading, CET holders receive commission benefits. Besides, the system distributes 80% of the collected commissions to CET holders. Thus, the coin is of additional interest to a wide range of investors as it attracts new players to the system.
coinex.com is a huge project with great prospects. The developers do not think that high trading volumes, sound liquidity, and a large selection of coins will be enough for platform traders and investors. Therefore, as evidenced by numerous customer reviews, the policy of low commissions and benefits for holders of internal tokens on CoinEx is very justified.
One of the disadvantages is the lack of fiat currencies. However, this disadvantage is partially covered by a high level of security and, in particular, the function of 2-factor authentication and confirmation of trading transactions.