CoinEx Review in 2025: Pros & Cons

CoinEx Review in 2025: Pros & Cons

Summary: CoinEx is a Seychelles-based cryptocurrency exchange founded in 2017, offering access to over 1,300 tokens and known for its balanced mix of simplicity and advanced trading tools.

With competitive fees, transparent operations, and optional KYC verification for casual users, it continues to attract traders seeking flexibility without compromising reliability or market depth.

About CoinEx

CoinEx was founded in December 2017 by the team behind ViaBTC Group, with founding figures such as Haipo Yang at the helm. Headquartered in the Seychelles, CoinEx is available in 200+ regions, offering users secure and reliable access to global cryptocurrency markets.

According to CoinMarketCap, CoinEx supports over 1,300 cryptocurrencies and 1,900+ trading pairs, and it reportedly serves more than 10 million users worldwide. The platform processes considerable daily trading volumes, consistently ranking among the mid-tier global exchanges by liquidity and activity.

CoinEx stands out with features such as no mandatory KYC for lower-volume withdrawals and a multilingual UI supporting 18 languages. It also emphasizes simplicity and accessibility through intuitive trading interfaces, one-click swap functions, and a smooth onboarding experience for beginners.

CoinEx Account Types

CoinEx provides a variety of account structures suited to meet the diverse needs of traders, investors, and institutions. Each account type offers specific functionalities designed to optimize fund management, improve security, and improve the user experience across the platform’s product suite.

CoinEx Main Account

The Main Account acts as the foundation of every user’s presence on CoinEx, granting access to all essential platform features. It supports spot trading, deposits, withdrawals, and wallet operations through a clean, intuitive interface designed for smooth navigation.

Additionally, CoinEx applies a VIP tier system to Main Accounts, rewarding active traders and CET holders with reduced fees and enhanced privileges. These levels automatically adjust based on trading volume and token balance, ensuring fairness and transparency for every user.

CoinEx Main Account

CoinEx Sub-Accounts

Sub-Accounts on CoinEx are ideal for advanced traders, fund managers, or institutions seeking to separate trading strategies or allocate responsibilities within teams. They allow independent operation while remaining fully under the main account’s ownership and security oversight.

Key features of Sub-Accounts include:

  • Multiple Accounts: Users can create up to 20 sub-accounts under a single main account, enabling diverse portfolio management and strategic fund allocation.
  • Centralized Control: The main account retains full authority, allowing owners to set permissions, trading limits, and visibility levels for each sub-account.
  • Improved Security: All deposits and withdrawals are executed exclusively through the main account, reducing the risk of unauthorized access or fund transfers.

CoinEx Financial Account

The CoinEx Financial Account is intended for users who prefer to earn passive income by putting their idle assets to work. It allows the transfer of funds from the spot wallet into a separate savings environment that accumulates compound interest daily.

Users benefit from flexible redemption options, meaning assets can be withdrawn at any time without penalties or lengthy lock-up periods. This makes the Financial Account a practical solution for those balancing active trading with long-term yield generation.

CoinEx Features

CoinEx’s feature set combines depth, performance, and usability, making it a versatile platform for both new and seasoned crypto traders. It supports a wide selection of trading markets, earning products, and integrated tools that simplify digital asset management while maintaining transparency and accessibility.

Trading Types

  • Spot Trading: Supports over 1,300 cryptocurrencies and more than 1,900 trading pairs, allowing users to access both major and emerging digital assets seamlessly.
  • Futures Trading: Offers nearly 200 perpetual futures markets with leverage options of up to 100×, supporting both directional and hedging strategies for traders.
  • Margin Trading: Provides leveraged exposure across key trading pairs, enabling amplified returns while maintaining control through real-time risk-management tools.
  • Strategic Trading: Hosts more than 700 automated liquidity pools, letting users supply assets and earn proportional trading-fee rewards through its built-in AMM engine.
  • Pre-Token Trading: Enables users to pre-mint and speculate on upcoming tokens or events, trading PreTokens before official listings for potential early gains.
  • OnChain Trading: With OnChain, users can trade decentralized-exchange tokens directly within CoinEx’s interface, blending DEX asset access with CEX convenience.
  • Copy Trading: Lets users mimic the trades of experienced lead traders with adjustable parameters like take-profit and stop-loss, offering a managed approach to futures markets.
CoinEx Trading

Earning Options

  • Financial Account: Enables users to deposit idle funds and earn daily compound interest, with annualized yields varying between 2%-8% APY depending on the asset.
  • AMM Liquidity Mining: Users who provide liquidity to active AMM pairs earn fee-sharing rewards automatically (up to 50% share), often achieving returns of 6%-15% APY on high-volume pools.
  • Staking: Offers yield opportunities across assets like Solana (~4.9%), Tron (~3.8%), and Cardano (~2.2%), with CoinEx charging a 10% service fee, and 0% for CET staking.
  • Crypto Loans: CoinEx Crypto Loans let users borrow assets such as USDT or USDC using crypto collateral like BTC, ETH, or ADA, with daily interest starting at 0.10%
  • Promotion Center: Provides a referral-based reward system that allows users to earn lifetime commissions of up to 40% from trading fees generated by invited participants.
CoinEx Earn

Additional Services

  • CoinEx Token (CET): The exchange’s native token grants trading-fee discounts, unlocks VIP privileges, and serves as the primary reward medium in ecosystem campaigns.
  • API Integration: Offers developers a robust API interface to automate strategies, retrieve market data, and execute trades with low latency and stable connectivity.
  • Mobile Application: The CoinEx app mirrors the desktop interface with live charts, order management, and instant notifications, ensuring trading continuity from anywhere.
  • CoinEx Wallet: A non-custodial wallet integrated with the platform, allowing users to safely store, transfer, and connect assets from 20+ blockchains directly to CoinEx’s exchange features.
  • CoinEx Vault: A self-custodial, multi-signature wallet designed for businesses and institutions to secure large assets via cold storage and group-based asset management.
  • CoinEx Smart Chain (CSC): A decentralized, PoS-based blockchain fully compatible with Ethereum’s EVM, enabling fast, low-fee DApp deployment and multi-chain interoperability.
  • CoinEx Charity: A non-profit initiative, focused on global education, poverty relief, and humanitarian aid projects under the mission “Making the world a better place via blockchain.”
  • OneSwap: A decentralized trading and NFT platform within the CoinEx ecosystem featuring automated market making (AMM), limit orders, and on-chain NFT minting and trading.
CoinEx Smart Chain (CSC)

Is CoinEx Regulated?‍

Yes, CoinEx holds certain regulatory registrations in select jurisdictions, but it is not universally regulated as a fully licensed exchange in every market. Users should therefore assess the regulatory status in their own region before using the platform.

Key CoinEx Licenses:

  • Estonia: Licensed by the Estonian Financial Intelligence Unit (FIU) in 2019 to provide crypto-to-fiat exchange and wallet services under European AML standards.
  • Poland: Registered as a Virtual Asset Service Provider (VASP) in 2024, authorizing CoinEx to operate across the EU under MiCA-aligned regulations.
  • United States: Obtained FinCEN Money Services Business (MSB) registration No. 31000205450387 in 2021, though later restricted following legal enforcement in New York State.
  • Canada: Previously registered under FINTRAC MSB No. M20232100 as COINEX GLOBAL LIMITED, but the license was revoked on February 29, 2024, ending its Canadian authorization.
  • Brazil: Submitted a VASP registration application with Banco Central do Brasil, currently pending approval for full operational authorization.

Meanwhile, in Hong Kong, CoinEx operates marketing and support offices but remains unlicensed under the city’s Securities and Futures Commission (SFC). In the United Kingdom, it lacks FCA registration, which restricts the exchange from offering regulated crypto-fiat services to local users.

Is CoinEx Safe?

CoinEx employs multiple layers of protection including institutional-grade cold storage, multi-signature authorization, and dedicated anti-fraud monitoring systems to safeguard user assets. The CEX also maintains public proof-of-reserves verifying that every customer deposit is backed 1:1 by onchain holdings.

In addition to these structural protections, CoinEx operates the Shield Fund, a dedicated reserve pool designed to compensate users in rare cases of unexpected loss or security compromise. This fund is financed through a percentage of platform revenue, ensuring a reliable emergency safety net.

While CoinEx maintains strong technical defenses, users still play an essential role in securing their accounts by enabling 2FA, setting withdrawal whitelists, and keeping private information secure. The combination of platform security and personal responsibility provides the strongest possible protection for your assets.

CoinEx Proof of Reserves

Security Track Record & Notable Incidents

Here’s a summary of key past events demonstrating how CoinEx has managed security incidents. Below are specific instances that users should be aware of:

  • Hot-Wallet Breach (2023): Up to ~$54 million in assets were compromised when CoinEx disclosed that their hot wallets had been hacked.
  • Full Compensation Commitment: Following the breach, CoinEx pledged to reimburse affected users 100% for losses due to the incident.
  • Consistent Proof-of-Reserve Updates: CoinEx publishes regular proof-of-reserves showing reserve ratios above 100% for major assets such as BTC, ETH, USDT, and CET.
  • Cold Storage Emphasis: Over 90% of user funds are reportedly held in cold wallets and secured by multi-signature or MPC protocols to minimize exposure.

CoinEx’s Fees Schedule

CoinEx maintains a tiered fee structure constructed to reward higher-volume traders and CET token holders while remaining competitive for newcomers. Below is a snapshot of the key fee levels and how they apply across spot, futures, and withdrawal services:

  • Spot Trading Fee (VIP0 base): Fee rate starts at 0.20% for both maker and taker trades before any CET-token discounts or VIP level benefits.
  • Spot Trading Fee (VIP5 discount): At the highest VIP level, traders can reduce spot fees to as low as 0.08%/0.10% (maker/taker) when using CET as fee deduction.
  • Futures Contract Fees (VIP0): Base futures maker and taker fees begin at 0.03% / 0.05% respectively, with lower rates available for higher VIP tiers.
  • AMM Market Fees: For automated-market-maker pools, the standard fee structure is Maker: 0%, Taker: 0.30% in general pools, and Taker: 0.10% for stable-coin AMM pools.
  • Withdrawal Fees: Crypto withdrawal fees vary by asset and network; for example, withdrawals of USDT via TRC-20 may cost around 1 USDT, while other networks incur higher fees.
CoinEx Fees

Final Thoughts

CoinEx has matured into a technically competent exchange that quietly excels in liquidity depth, product diversity, and transparent operations, often outperforming louder competitors.

Its post-2023 security recovery and consistent proof-of-reserves updates have rebuilt user trust, though deeper external audits would cement long-term credibility in regulated markets.

To truly evolve beyond its mid-tier status, CoinEx must pursue stronger global compliance footprints and elevate its user experience to rival top-tier exchanges like OKX and Bybit.

Frequently asked questions

Does CoinEx support fiat deposits and withdrawals?

Are there CoinEx demo accounts to practice trading?

What are the main downsides of using CoinEx?

Does CoinEx support trading bots or automation tools?

Written by 

Antony Bianco

Head of Research

Antony Bianco, co-founder of Datawallet, is a DeFi expert and active member of the Ethereum community who assist in zero-knowledge proof research for layer 2's. With a Master’s in Computer Science, he has made significant contributions to the crypto ecosystem, working with various DAOs on-chain.