By staking and saving this currency and the cooperation they have with Coinlocally, users would be able to gain short-term and long-term profits. Coinlocally charges the lowest fee per trade, including Maker and  Taker. Paying with CET, CoinEx’s native token, results in a 20% fee decrease. • Offering multi-signature cold wallet storage, CoinEx has never experienced a hack. Additionally, it is the client’s duty to determine whether or not they are authorized to use the service.

The South Korean Financial Services Commission (FSC) has revealed that it is cracking down on 16 cryptocurrency exchanges for failing to register with the authorities. The users can enter the asset they wish to withdraw (with respective charges) and submit a request. After the internal clearance, the exchange will issue the transfers to the entered wallet addresses. The direct usage of fiat currencies is not supported on the exchange.

How to start with CoinEx? (steps like registration, activation, verification, etc).

You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. In spite of a lot of attempts, we have not been able to access the trading interface at CoinEx Market. But, US-investors should do their own independent assessment of any problems arising from their residency or citizenship. In a worst-case scenario, they may not be able to trade at one or several exchanges that could be the best cryptocurrency exchange site for them (maybe including this one).

• The basic credentials required are primarily email, name, and phone number.
• The list includes many popular cryptos across a number of sectors, including metaverse cryptos, decentralized finance cryptos, and smart contract cryptos.
• They are also available globally, with the notable exception of all countries where cryptocurrency trading is prohibited, and they reserve the right to refuse customers from those jurisdictions.
• But, US-investors should do their own independent assessment of any problems arising from their residency or citizenship.

All in all, this exchange’s fee levels are in line with or even slightly below the global industry averages. CoinEx supports almost all countries across the world as the users are free to trade from most regions. This broad support over continents is also the reason behind a large user base in this competitive industry. The payment method for most of the regions and trading pairs is solely cryptocurrency. However, some of the purchases in a few select regions can be made through VISA and MASTERCARD.

CoinEx Accelerator

In terms of the trading mechanism, CoinEx adopts AMM with order book so that the funds from liquidity pool will be systematically converted into order book. Site froze during high crypto movement causing no ability to change position and a forced liquidation. Absolutely the fault of the site as no break in connection on my end during this time, only coinex stopped updating. NEVER use this site as you WILL lose money due to the poorly managed website. Prometheum Ember Capital has secured approval to become a “qualified custodian” for digital assets considered securities by the SEC. CoinEx trading volumes appear to have been affected by the news.

These tokens’ earnings are derived from the project’s own earned income. A type of investing known as “Social trading” enables investors to track the trading activities of both experienced and new traders. The main goal is to imitate or mimic their trading tactics in order to follow their investment strategies. Little to no financial market knowledge is necessary for social trading. A platform for various orders, such as LIMIT and STOP LIMIT – MARKET – OCO to let professional users trade their crypto based on USDT and BTC.

Spot trading fees, margin trading fees

The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Very good community from tamilnadu which is created and running successfully (aravind brother from tamilnadu).

• This reduces the risk of losing funds in an exchange hack, but it can bring additional responsibilities.
• As representatives of CoinEx users, CET holders can participate in planning of CoinEx operations.
• CoinEx exchange suggests the users to create strong passwords for their accounts.
• Besides the DEX Chain, CoinEx Chain will also include a Smart Chain supporting smart contracts and a Privacy Chain protecting users’ privacy.
• Crypto exchange CoinEx will stop serving users in the United States, according to an email received by users and obtained by Crypto Slate on Feb. 24.
• However, each method contains certain risks, users need to compare and choose the most appropriate one based on their specific conditions.

CoinEx doesn’t have a full-fledged wallet like the Coinbase exchange with its custom crypto wallet. The CoinEx wallet can be used to deposit coins temporarily, for trading purposes. You will not be given access to your private key, but only to your public wallet address. It is highly recommended to use hardware wallets like Ledger Nano S or Trezor to store your cryptocurrencies.

Bot Trading

Users can consult the exchange’s exhaustive list of all available tokens and their fees here. CoinEx’s spot trading fees are initially 0.2% while margin trading fees are 0.1%. I say initially since you can increase your “VIP” level, or in other words, you can hold more CET coins and your fees will be lower. In general, trading fees on CoinEx are fairly low compared to the market’s average and main competitors. In the table below you can see all VIP levels and what the trading fees are for each level. Navigating the vast landscape of cryptocurrency exchanges can be daunting.

However, the cost can be quite high if you want to deposit fiat currency, like US dollars. The withdrawal costs on CoinEx are comparable to those on other cryptocurrency exchanges. Founded in December 2017 and based in Hong Kong, CoinEX is a global and centralized cryptocurrency exchange. The platform aims to provide secure & stable https://cryptolisting.org/coin/cet service and put user-first, serving global users 24/7. CoinEx supports multiple languages like Chinese, English, Japanese, Korean, Russian, etc. and is providing global trading services in over 100 countries/regions. The exchange has also launched its native cryptocurrency which can be traded against the majors on the platform.