• Fri. Jun 21st, 2024

A Guide to CoinEx: All You Need to Know About the Cryptocurrency Exchange

Louise Villalobos

ByLouise Villalobos

Jan 14, 2024

Not all crypto exchanges are popular for their huge offerings. Some, like CoinEx, are known for providing exceptional trading experience and affordable trading fees. Today, we will explore CoinEx’s features to help you determine whether the cryptocurrency exchange is ideal for you.

Understanding CoinEx

Based in Hong Kong, CoinEx is a well-known crypto exchange established in 2017 by early Bitcoin adopter Haipo Yang. ViaBTC, a company that also runs a mining pool, manages CoinEx. As a regulatory-compliant crypto exchange, CoinEx continues to be popular among institutional investors who want to explore the digital asset ecosystem.

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Crypto Trading on the CoinEx Platform

According to data from CoinMarketCap, CoinEx supports the trading of more than 700 cryptocurrencies. The most traded digital currencies are Solana, Ethereum, and Bitcoin.

Does CoinEx Have a Native Token?

Yes! Like most big crypto exchanges, CoinEx has its native token called CET. It plays a key in the CoinEx ecosystem. For example, users of CoinEx Smart Chain use CET to pay for gas fees. Moreover, traders on the CoinEx exchange who choose to use CET to pay for trading fees receive a discount.

CoinEx Geographical Availability

CoinEx has a presence in more than 100 countries. Here are some of the countries where the exchange is available: France, Spain, Germany, Brazil, Kenya, Argentina, South Korea, Nigeria, South Africa, Australia, New Zealand, Japan, Singapore, India, Chile and more.

It is important to mention that CoinEx does not operate in the United States. In China, the exchange is only present in Hong Kong.

How to Register With CoinEx in 2024

After confirming that CoinEx operates in your country, you can follow these steps to register with the exchange:

Step 1: Go to Coinex.com and click “Sign Up.”

Step 2: Provide your email, create a strong password, and press the “Sign Up” button.

Step 3: Verify your email to activate your CoinEx account.

Step 4: Complete KYC to start trading without restrictions.

Step 5: Adopt 2FA authentication to secure your CoinEx account.

After completing the registration process, you can now deposit funds. So, what payment methods does CoinEx support? You can fund your CoinEx account through crypto transfers. Additionally, the exchange lets you buy cryptocurrencies using Google Pay, Apple Pay, and E-wallets. The fiat currencies supported by CoinEx include USD, EUR, JPY, and KRW.

CoinEx’s Tools and Features

These are the tools and features you can expect to find on CoinEx:

Crypto Swap

As a CoinEx user, you don’t have to open trades in the spot market to exchange one token for another. Instead, you can do so for free through the platform’s “Swap” feature.

Extensive Trading Suite

Besides spot trading, CoinEx allows users to engage in futures trading while giving access to leverage of up to 100x. The exchange also supports a number of orders like stop-limit and stop-market.

AMM Support

You can provide liquidity on CoinEx in exchange for yield. This offering is helpful for investors who prefer earning passively rather than participating in day trading.

Financial Account

Instead of letting your crypto assets sit idle in your CoinEx account, you can transfer them to a financial account to allow the exchange to lend them to users, after which you can earn interest.

Crypto Loans

CoinEx lets you borrow cryptocurrencies using your crypto deposit as collateral. Compared to many lenders, CoinEx offers loans at relatively cheap fees.

Automated Trading

All verified CoinEx users get access to trading bots, which they can use to automate their trading strategies.

Mobile App

CoinEx understands that not everyone likes trading on its Web app, and that’s why it has a mobile app with advanced trading tools to provide a top-notch user experience. Additionally, the app comes with educational content to help you better understand crypto trading.

CoinEx’s Customer Support

CoinEx has adopted a ticketing system to offer customer support. To reach out to the support team, go to the exchange’s help center. Here, you will be required to submit a request, explain your issue, and then await a response within two hours.

Louise Villalobos

Louise Villalobos

Louise Villalobos is an adept writer, renowned for her compelling articles that illuminate and engage. Her prowess in breaking down intricate subjects provides readers with clarity and nuance. With a vast and varied portfolio, Louise has solidified her standing as a distinguished voice in contemporary journalism.