CoinEx Review 2025

Eric Huffman

Verified by Ilija Rankovic

Last updated

September 25, 2025 09:41 EDT

28min read

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CoinEx is a feature-rich exchange that supports over 1,600 crypto markets, including spot trading, leveraged futures, and fiat purchases. You can access free demo accounts, copy trading, and DeFi products in a cost-effective and private environment, where you can withdraw up to $10,000 daily without requiring KYC verification.

Following our rigorous methodology, we tested every aspect of the exchange, including fees, crypto pairs, security protocols, and features. Read on for our impartial CoinEx review and learn whether the platform is safe, reputable, and user-friendly.

What is CoinEx?

CoinEx is a crypto exchange that launched in 2017. Headquartered in the Seychelles, it serves a global audience of 10 million traders across over 200 countries, with monthly trading volumes averaging nearly $30 billion.

The exchange supports over 1,200 coins and 1,600+ trading pairs, ranging from Bitcoin, Ethereum, and BNB to new meme coins with small market capitalizations. CoinEx covers traditional spot markets and perpetual futures with a maximum leverage of 100x. You can purchase digital assets using fiat money, making it easier for beginners to enter the cryptocurrency sector with local payment methods.

Alongside its primary exchange, CoinEx offers a broader Web 3.0 ecosystem with a wide range of features and tools. The platform supports decentralized finance (DeFi) products like staking and liquidity provision, peer-to-peer (P2P) transactions, and secured crypto loans with high loan-to-value (LTV) ratios.

Our CoinEx deep dive confirms that the exchange appeals to traders who favor privacy and anonymity. No personal data or government-issued ID is required when withdrawing up to $10,000 daily and $50,000 monthly (in currency/crypto equivalents).

Keep in mind, however, that CoineX operates without regulatory oversight from tier-one licensing bodies, and clients from the U.S., Canada, and other key markets are prohibited from joining.

CoinEx Overview

To fully examine the exchange's benefits and risks, we conducted strict due diligence on every platform aspect. Here are some key data points from our CoinEx review:

CoinEx Exchange Safety Review

The research team evaluated whether CoinEx is a safe and legitimate cryptocurrency exchange, focusing on its security features, proof of reserves, licensing, historical track record, and broader reputation among existing clients.

Account Security Measures

CoinEx offers a wide range of security features, although their optional nature requires users to manually activate them.

Two-factor authentication is offered in several methods, including passkeys and Time-based One-Time Password (TOTP) verification. All options require users to enter a unique verification code for each login attempt.

In addition to separate passwords for withdrawals and trading, the exchange supports custom anti-phishing codes and IP address whitelisting. Traders may activate multi-sig withdrawals, a crucial safeguard in case hackers breach the account's security controls.

Cold Storage and Proof of Reserves

According to CoinEx, the platform stores the "vast majority" of client-owned cryptocurrencies in institutional-grade cold wallets. As is standard with most exchanges, a small percentage of funds is held in hot wallets to facilitate withdrawal requests.

The security team manages private keys offline, alongside multi-sign protocols and strict whitelisting. These measures demonstrate CoinEx's commitment to creating a secure trading environment for its 10 million clients.

The FTX saga proved that proof of reserves is equally important. PoR is a way of demonstrating that exchanges have sufficient assets to cover client balances. CoinEx maintains a dedicated page that outlines its reserves, featuring regular audits and links to specific wallet addresses.

The platform holds most of its asset reserves in highly liquid cryptocurrencies, such as Bitcoin (BTC), Tether (USDT), and USDC Coin (USDC): a key factor that ensures a strong financial standing.

Licensing and Regulatory Compliance

CoinEx does not hold any licenses, which is common for offshore exchanges that offer KYC-free accounts. The exchange’s terms of service confirm that CoinEx complies with all relevant regulatory and criminal investigations, including those related to money laundering controls.

Security Track Record and Reputation

Reuters reports that in September 2023, North Korea-linked hackers breached the CoinEx exchange, resulting in an estimated $70 million loss. Multinational cybersecurity firm Bitdefender confirms that CoinEx's hot wallets were hacked, and affected clients received 100% compensation for any losses incurred.

While platform hacks may instill fear, it's important to remember that most major exchanges have experienced them, including Binance, Coinbase, and Bybit. The key takeaway is that CoinEx was upfront with its users, refunded affected accounts, and improved its internal security controls.

In terms of its broader reputation, other CoinEx reviews are largely positive, including a 4.7/5 Google Play rating based on over 90,000 reviews. The iOS version has a much lower rating of 4.2/5, although it's based on just 52 reviews.

CoinEx Supported Cryptocurrencies

CoinEx is one of the best crypto exchanges for market diversity. It supports over 1,300 coins and tokens across over 1,600 trading pairs. Bitcoin and all major altcoins are available, including BNB (BNB), Solana (SOL), and Hyperledger (HYPE), as well as Stellar (XLM), Ethereum (ETH), and Cardano (ADA).

You can also access the best meme coins, such as SPX6900 (SPX) and Pepe (PEPE), as well as new shitcoin launches with small valuations.

Cryptocurrencies are categorized by top searches, new listings, top gainers, and value leaders, plus individual investing narratives. This includes ecosystem pure-plays like Sui, Base, and Sonic, as well as top constituents from artificial intelligence (AI), real-world assets (RWA), and decentralized physical infrastructure networks (DePIN).

Another way to find suitable assets is by sorting cryptocurrencies by key data metrics, such as market capitalization, volume, and price performance.

CoinEx Trading Features

CoinEx offers an extensive range of features, including spot and perpetual instruments, instant swap conversions, and automated solutions like copy and grid trading.

This section of our CoinEx review thoroughly examines these trading tools.

Spot Trading

Buy-and-hold investors can access over 1,300 cryptocurrencies on CoinEX’s spot exchange. This reflects the traditional way of buying and selling assets, as orders are settled “on the spot”.

An overwhelming majority of spot trading pairs contain Tether (USDT), with BTC/USDT and ETH/USDT being the most liquid. A small number of USD Coin (USDC) denominated spot pairs are also available.

CoinEx also offers over 100 crypto-cross markets, all paired against BTC.

Spot traders use multiple order types on CoinEx, including market, limit, stop-limit, and stop-market orders. Experienced users place advanced orders, such as Always Valid (AV), Fill or Kill (FOK), and Immediate or Cancel (IOC).

After order execution, CoinEx adds purchased cryptocurrencies to the exchange account. While they can remain there safely, long-term holders are advised to withdraw their assets to a non-custodial wallet to avoid counterparty risk.

Swap Feature

CoinEx’s crypto swap platform appeals to beginners who don’t feel comfortable using spot exchanges. It offers a simple conversion form, where users enter the original and the receiving crypto, alongside the amount.

The tool swaps those cryptocurrencies near-instantly, even if the assets operate on different network standards. Swaps incur standard commissions for market orders, based on the user’s account tier. We discuss fees later in this CoinEx exchange review.

Futures Trading

Experienced crypto traders use CoinEx’s top-tier futures trading platform. It covers hundreds of perpetual contracts, with margin trading requirements starting at just 1%. This collateral ratio converts to 100x leverage on major coins like BTC and ETH.

CoinEx decreases leverage limits on more volatile markets to ensure sensible risk controls. Even so, futures traders can achieve 20x returns on mid-cap meme coins like Brett, amounting to an upfront margin of just 5%.

All futures markets are linear, which means they settle in either USDT or USDC. Traders with a higher risk appetite can also access BTC and ETH futures with inverse contracts. This structure settles leveraged positions in the underlying coin.

Copy Trading

Advanced trading tools are designed for inexperienced investors seeking exposure to cryptocurrencies, and copy trading tools are ideal for trading digital assets passively, as the selected trader makes all investment decisions.

CoinEx has over 200 verified copy traders, each specializing in different cryptocurrency markets and trading strategies. It offers transparent data metrics to help users choose a suitable trader, such as overall profit and loss, monthly drawdown, and win rate since inception.

When using the copy trading tool, users cover standard commissions. They also enter a profit-sharing agreement ranging from 10% to 50%, with the most successful traders charging the highest rates.

Other Automated Solutions

Our CoinEx review found that the auto-invest tool appeals to long-term investors, particularly those who adopt the dollar-cost averaging strategy.

Users select their preferred crypto, investment amount, and order frequency (e.g., $1,000 worth of ETH every week). CoinEx executes the strategy automatically; however, account holders must ensure they have a sufficient balance to cover their orders.

Another automated tool is spot grid trading. The bot places buy and sell orders within a predetermined price range to capitalize on market volatility, performing best during consolidation periods.

CoinEx Demo Trading

CoinEx has a free demo account that replicates live market conditions, including real-time price movements and order depth. Users receive virtual capital, making it an effective and risk-free way to learn core trading principles, such as order placement and risk management.

The demo account supports perpetual futures only and a limited selection of USDT-denominated markets, including BTC, DOGE, PEPE, ETH, and LTC. Full functionality is available, allowing users to deploy technical indicators, chart drawing tools, and leveraged positions.

DeFi Yields

CoinEx traders can earn passive yields through the exchange's in-house DeFi products. Staking, for instance, offers competitive APYs on SOL, ETH, ADA, and Tron (TRX). Variable interest rates range from 2.41% to 5.13%, and redemption periods start as soon as one day.

You can also earn passive income via liquidity provision. As a market maker, you provide liquidity for cryptocurrencies on CoinEx trading pairs and earn a share of the trading commissions. Liquidity providers also earn from price fluctuations, with some pools paying four-digit APYs. However, consider the impermanent loss risks. Unfavorable price movements can cause significant losses.

CoinEx Promotion

CoinEx runs several promotional campaigns to incentivize platform participation. This includes trading competitions, deposit bonuses, and crypto airdrops.

Tradeboard

Trading competitions are a great way to generate additional income, especially if you make consistent gains through risk-averse strategies. The platform's Tradeboard events support spot markets — participants are ranked based on their total trading volume.

There are also trading competitions for perpetual futures, although the aim is profit and loss maximization instead of reaching volume targets.

Event prize pools are often paid in the exchange's native token, CET. A recent competition offered 300,000 CET, equivalent to around $17,000.

Deposit Bonus

Depending on the promotion, new and existing customers receive occasional deposit bonuses for select cryptocurrencies. The bonuses help promote tokens with recent CoinEx listings, which are typically funded by the respective project.

A recent example is Mantle (MNT). Users who deposited MNT within the allocated timeframe received a 30% cashback. Account holders also earned 20% cashback when they deposited Nacho the Kat (NACHO), with CoinEx distributing the rewards in CNT.

CoinEx Mining

CoinEx offers crypto mining tools that support passive income.

This is not traditional proof-of-work mining, as users do not need to own expensive hardware or rent hash power. Instead, users stake a select token to receive another asset, with the APY adjusted based on demand.

The current mining opportunity enables users to earn BTC by staking CET. Investors have staked over 38.4 million CET, reflecting an 187.4% APY. The mining contract allocates 0.5 BTC to the pool, which is distributed proportionately based on the user's CET contribution.

Airdrop Station

If you’re wondering how to earn free crypto, check out CoinEx’s Airdrop Station. Participants receive free USDT tokens simply for completing tasks. This includes taking mini-courses, utilizing the trading simulator, and participating in fraud prevention education.

The average payout is 5 USDT, although events are often short-lived. Check out the Airdrop Station page frequently to avoid missing out.

CoinEx Fees

CoinEx fees vary depending on several factors, including the trading instrument, order type, and whether you hold CET tokens. This section of our CoinEx review breaks down platform commissions.

Spot Trading Fees

Entry-level traders pay 0.2% per slide when buying and selling cryptocurrencies on the spot exchange. This commission relates to takers (market orders), as makers (limit orders) get discounted fees. Specific rates for market makers depend on trading volume and the tier.

CoinEx users also receive lower commissions when they increase their VIP tier. Moving to VIP tier-1 requires a minimum balance of 2,000 CET, total assets of $10,000, or monthly spot trading volumes of $20,000. While tier-1 account holders pay 0.18% per slide, the highest loyalty status, VIP tier-5, gets 0.1% commissions.

This pricing framework means that CoinEx isn't one of the lowest-fee crypto exchanges, as cheaper options exist.

Futures Trading Fees

In the futures department, CoinEx offers a clearer distinction between market makers and takers. The entry-level commission is 0.03% per slide when placing limit orders, and market orders are slightly more expensive at 0.05%. Similar to the spot trading framework, futures commission declines as traders increase their VIP tier.

Funding rates also apply when traders buy and sell perpetual contracts. Fees are charged every eight hours, like most futures platforms, and only longs or shorts pay for each funding cycle. Although rates vary depending on the pair and prevailing market conditions, CoinEx transparently lists them on the respective trading page.

Swap Trading Fees

The instant swap feature, which enables users to convert cryptocurrencies without using the spot exchange, charges standard trading commissions. Fees align with market order rates for the account holder, which in turn align with the trader's VIP tier.

Note that slippage also applies when converting digital assets. These indirect fees can be significant when trading low-cap markets, as users receive the next best available price based on existing liquidity. This risk means you may receive an unfavorable exchange rate, so it's wise to use the swap tool only when converting major coins.

Deposit Methods

CoinEx offers multiple methods for depositing funds, including both cryptocurrency and fiat payments.

Crypto Deposits

If you already own cryptocurrencies in a private wallet, CoinEx deposits are fast, anonymous, and cost-effective. You receive a unique account deposit address for the coin or token, and then make a wallet transfer to it. The deposit typically appears in minutes (sometimes seconds) when using a fast network standard, such as SPL or BEP-20.

Users cover network fees only, as CoinEx does not implement any additional charges.

Fiat Deposits

CoinEx supports dozens of traditional payment methods, allowing users to buy digital assets with local currencies. Third-party gateways, such as Simplex, MoonPay, and Banxa, provide payment facilities. Deposit methods include Visa, MasterCard, SEPA, PayPal, and Google/Apple Pay.

The fiat platform supports four cryptocurrencies: BTC, ETH, USDT, and USDC. USDT is the best option, as it provides seamless access to the broader CoinEx ecosystem. Most crypto pairs contain USDT, as it's also used as margin collateral when trading perpetual futures.

Deposit fees vary widely depending on the gateway, currency, and payment method, although they're conveniently built into the quoted exchange rate. For insight, those buying USDT with debit/credit cards via Guardarian pay $0.99 per USDT, which reflects the global spot price. Minimum deposit requirements start at $10, although again, this varies depending on the gateway provider.

P2P Deposits

CoinEx doubles as one of the best peer-to-peer (P2P) crypto exchanges. P2P purchases appeal to traders who prefer using local currencies and deposit methods, which partnered gateways do not natively support.

Over 100 payment options are available, including Payeer, Wise, Cash App, Western Union, and domestic transfers. Users choose their currency, purchase amount, and preferred payment method, and CoinEx matches them with the most suitable P2P seller.

CoinEx Withdraws

CoinEx supports crypto and fiat withdrawals.

The fastest and most cost-effective option is withdrawing cryptocurrencies to a private wallet, with the exchange approving payouts in minutes. Fees vary depending on the cryptocurrency, with Ethereum withdrawals costing 0.00048 ETH, or approximately $1.51. Solana withdrawals, for instance, incur a 0.007 SOL fee, equivalent to roughly $0.002.

For fiat withdrawals, CoinEx also relies on third-party gateways; however, we found that the fees are often competitive. Withdrawing 1,000 USDT, which CoinEx converts to $1,000, via PayPal or SEPA incurs a flat $10 fee. The stated arrival time is just 30-60 minutes, making CoinEx one of the best options for cashing out crypto profits.

Is CoinEx User-Friendly?

Despite its vast ecosystem of products and services, CoinEx designed its platform with beginners in mind. Starting with the sign-up process, new customers can create an account in seconds by providing only their email address and password.

Unlike Coinbase and other exchanges with robust regulatory frameworks, CoinEx does not require personal information or verification documents. The only exception is if you need to withdraw more than $10,000 per day or $50,000 per month. These limits suit most retail clients.

Funding a CoinEx account is also seamless. First-time investors typically use the exchange's fiat gateway service, which offers instant deposits via debit/credit cards, bank transfers, and popular e-wallets like PayPal. In addition to P2P payments via local sellers, CoinEx also allows crypto wallet deposits. Most payment options process quickly and at competitive fees.

The desktop platform features a user-friendly menu, categorized as follows: Buy Crypto (fiat/P2P), Markets (price data and trends), Exchange (spot trading and swaps), Futures, and Finance (DeFi). The iOS and Android app offers a similar setup, although optimized for smartphone screens.

The desktop trading dashboard is one of the cleanest in the market, ensuring novice traders place orders without feeling intimidated. Markets are situated to the left of the pricing chart, with the live order book on the right.

Users can deploy chart tools, such as technical indicators and market depth, and select their preferred timeframes, ranging from 1 minute to three months. That said, scalpers may be disappointed by the lack of sub-1-minute charts, and the dashboard has limited customization options.

Mobile traders have full access to all available trading and analysis tools. The CoinEx app is ideal for executing buy and sell orders on the move. The app supports real-time price alerts and watchlists, too, ensuring users stay updated with key market developments.

Does CoinEx Require KYC?

If you wish to avoid cumbersome verification procedures like uploading government-issued ID and taking selfies, CoinEx remains one of the best no-KYC crypto exchanges. The registration process requires only an email address. After verifying the contact method, the account is open and ready to fund.

Compare this to Coinbase and Kraken — these exchanges require personal information, ID documents, and sometimes proof of address, such as bank statements or utility bills. Only then may users deposit funds and trade cryptocurrencies.

As a regulatory-compliant exchange, CoinEx implements withdrawal limits for non-verified customers. Daily and monthly withdrawals are capped at $10,000 and $50,000, respectively. While these amounts are sufficient for most traders, uploading ID increases the 24-hour limit to $1 million.

Regarding payments with credit cards and other traditional methods, CoinEx does not directly implement KYC requests. Gateways may request ID documents at their discretion, depending on the transaction amount and currency. Alternatively, many P2P sellers allow KYC-free transfers.

CoinEx Customer Support and User Review

CoinEx's customer support team operates 24/7 via live chat. We tested the chat feature at various times to assess its speed and responsiveness. In most cases, we were connected with an agent in 1-2 minutes, and once the chat began, replies were fast and helpful. If the account query requires an extensive investigation, users may need to wait for a response via email.

Support options also exist on social networks, including Telegram, X, Facebook, and Reddit. You can also send an email to [email protected].

The research team also analyzed reviews from public forums and websites to evaluate trends and broader experiences. CoinEx is particularly popular among Android users, boasting a 4.7/5 Google Play rating based on 90,000 reviews. iOS users have reported less positive experiences, with the App Store rating for CoinEx at 4.2/5.

Many people on Reddit and Trustpilot report seamless trading conditions and rapid withdrawals, although some complain about wide spreads on low-cap pairs. This is a market issue rather than a platform-specific one, as low-cap tokens often attract thin liquidity, resulting in unfavorable slippage.

Some users also mention high fees when buying digital assets with fiat money. Our research shows that fees vary significantly depending on the currency. Major banking methods, such as SEPA, offer competitive quotes; however, e-wallet payments in less common currencies are often more expensive. Third-party gateways provide quotes, and CoinEx does not add a markup, so they're beyond the exchange's control.

Where Can CoinEx Exchange Improve?

Our CoinEx review identified several areas where the exchange could improve.

One of the key issues is a lack of support for U.S. clients. As reported by The Wall Street Journal, CoinEx exited the U.S. market in 2023 after a lawsuit settlement with New York authorities. The lawsuit regarded CoinEx's failure to properly register its exchange with regulators.

CoinEx's unlicensed framework, in general, may also discourage some investors from opening an account, especially those who seek consumer protections. The trade-off is that CoinEx's no-KYC policy relies on offshore operations, so obtaining tier-one licenses alienates traders who prioritize privacy and anonymity.

CoinEx could improve its demo trading platform. While it's free and offers full functionality, demo accounts only support perpetual contracts. Adding spot markets appeals to regular investors who want to buy and sell cryptocurrencies without leverage.

As per public reviews, CoinEx may consider delisting market pairs with little to no liquidity. For example, the platform handles under $3,000 in 24-hour trading volumes on over a dozen tokens, including Nine Chronicle Gold (WNCG), Dotmoovs (MOOV), and Santos FC Fan Token (SANTOS). Removing these illiquid pairs would improve platform conditions and help beginners avoid substantial slippage.

CoinEx vs Other Top Crypto Exchanges

The CoinEx exchange falls into the "tier-2" category, characterized by its average trading volumes, liquidity depth, and active user base. So, how does it compare with tier-one platforms that are more widely recognized globally?

Regarding markets, CoinEx offers one of the largest digital asset libraries in the industry. It lists over 1,300 coins and tokens, while Coinbase and Crypto.com support approximately 300 and 400, respectively. As such, CoinEx remains a good option for building diversified portfolios across the most popular crypto narratives, including meme coins, DePIN, and AI.

CoinEx also offers a more private and anonymous experience compared to major exchanges. Users can trade without providing personal details or KYC documents - a service that heavily regulated platforms like Kraken and Binance lack. The drawback is that CoinEx's unlicensed framework offers little consumer protection, so traders should assess their key priorities.

Although CoinEx excels in market support and KYC-free experiences, many exchange competitors offer lower fees. The lowest trading commission at CoinEx is 0.1%, which requires the highest VIP tier, meaning significant monthly trading volumes or account balances. In comparison, entry-level users at Binance pay 0.1% fees without needing to meet any specific criteria, while platforms like MEXC and KCEX are among the lowest-fee crypto exchanges, offering 0% maker fees.

Ultimately, if you're looking to trade a wide selection of cryptocurrencies anonymously across spot or futures markets, CoinEx remains a top option. Yet if you prefer exchanges with local licensing and lower fees, other platforms may offer a more suitable experience.

How to Open an Account at CoinEx

Our CoinEx review confirms it takes under five minutes to get everything set up, including registering, account funding, and trading assets. Here is a step-by-step walkthrough that guides you through the process.

Step 1: Register a CoinEx Account

You need an account to buy and sell cryptocurrencies on CoinEx. Go to the CoinEx website, click "Sign Up", and provide an email address.

Enter the email verification code that CoinEx sends to confirm the account.
Visit CoinEx

Step 2: Secure the Account

New customers must manually activate their preferred security features. We recommend setting up as many account controls as possible to maximize security.

Hover over your profile icon and select "Security Settings". CoinEx offers two-factor authentication, withdrawal-specific passwords, IP address whitelisting, and anti-phishing codes.

Step 3: Deposit Crypto

The deposit process depends on whether you're using cryptocurrencies or traditional money.

Transfer Crypto

To add digital assets to your CoinEx account, hover over "Assets" and click "Deposit". Select the coin or token, confirm the network, and copy the wallet address.

Send assets to this address from a private wallet and wait a few minutes for the transaction to be confirmed.

Buy Crypto With Fiat

To deposit fiat, click "Third-Party Trading" under "Buy Crypto". USDT is the best asset to purchase on CoinEx, as it is included in most trading pairs. You can also buy BTC, ETH, and USDC.

Choose the local currency, then select the fiat gateway with the most competitive price. In the example below, Guardarian offers the best USDT/USD rate across debit/credit cards and Revolut.

CoinEx redirects you to the selected gateway. Follow the on-screen instructions by entering the amount and payment details. The account wallet displays the purchased assets almost instantly once the transaction is confirmed.

Step 4: Choose a Trading Product

Now that your CoinEx account is funded, you can search for a cryptocurrency to trade.
Click "Spot Trading" under "Exchange" if you want to buy cryptocurrencies in the traditional sense. To trade perpetual contracts with leverage, select "Futures Trading" under the "Futures" menu.

The asset search bar is located to the left of the chart — enter the ticker symbol for the coin or token. Note that some cryptocurrencies support pairs with USDT and USDC. We found that USDT markets have deeper liquidity, resulting in tighter spreads.

Step 5: Set up and Place a Trading Order

CoinEx users can place limit or market orders when trading cryptocurrencies.

• Market orders are best suited for high-liquidity markets, such as BTC/USDT or ADA/USDT. They execute near-instantly at the next best available price.
• If you're trading low-cap cryptocurrencies with limited liquidity, consider using a limit order. Then enter the target execution price.

The next step is to enter the trade value.

Spot trading positions require only the total investment amount.

Conversely, when trading futures, enter the leverage ratio and upfront margin. Perpetual contracts support long and short positions, so select "Long Buy" or "Short Sell" accordingly.

CoinEx also supports take-profit and stop-loss orders — both are recommended to mitigate trading losses and automatically lock in potential gains.

Finally, confirm the orders and wait for CoinEx to execute them. Market orders confirm instantly, while limit orders require exchange participants to match the target price.

Step 6: Withdraw Funds

To cash out your crypto balance, click the "Withdraw" button under "Assets".
Then select the withdrawal asset and network, and enter your private wallet address. Complete the security steps (e.g., two-factor authentication), and CoinEx approves the withdrawal a few minutes later.

CoinEx also allows fiat withdrawals: your crypto converts to the preferred currency, and the gateway transfers the funds to your selected payment method.

Select "Third-Party Trading" under "Buy Crypto", then click the "Sell" button. Choose a fiat gateway based on the quoted exchange rate and available payment methods. Enter the withdrawal amount, double-check the final quote, and click "Confirm Selling" to complete the payout request.

CoinEx Review Conclusion: Who Is It Best For?

In summary, while CoinEx is not a tier-one exchange with strong regulation and consumer protections, it excels in several key areas. The exchange lists over 1,200 coins and over 1,600 crypto pairs, with users accessing spot trading, perpetual futures with 100x leverage, and instant token conversions.
It also allows users to purchase digital assets instantly with local payment methods and earn competitive yields on DeFi products, such as staking. Although lower fees are available elsewhere, CoinEx remains popular for its privacy-focused ethos — users trade cryptocurrencies anonymously, with KYC required only when monthly withdrawals exceed $50,000.

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Eric Huffman

Eric Huffman's background includes a decade plus in business management as well as personal finance industry experience in insurance and lending. A strong understanding of consumer finance combined with a consumer advocate stance brought Eric to the crypto industry, where he writes articles and guides aimed at making crypto easier to understand.

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