Review on CoinEx by Killer Bean
Trading with Coinex
There is no doubt that HongKong is home to some of the best exchanges in the crpyto world and Coinex is one of such exchanges. Coinex exchange launched in 2017, is one of the most successful exchanges from HongKong providing a site and an enabling avenue for the exchange and trading of cryptocurrencies. Best used as a mobile app, Coinex provides users with a very concise and modest design. The mobile app isn't fit for most Android devices(I personally tested this exchange on most brands of some android devices) apart from iOS based devices, this made me to start trading on the web platform. The exchange isn't very easy to use, operate and even trade on. The fees charged on Coinex is very affordable but not as affordable as Binance. Coinex doesn't accept deposit via fiat tokens this made depositing into my Coinex account quite hard. While I was trying to sell my cryptocoin, the page kept redirecting me to an unknown page, this alone made me to start thinking that Coinex wasn't suitable for foreign traders. The final part of Coinex which was displeasing was the customer support section. This part wasn't even supposed to be included in the features of Coinex as it happens to be very inactive. Coinex is still upcoming and should probably learn from other well-to-do exchanges.
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Pros
- Coinex is a product of HongKong which seems to be home to most successful exchanges in Asia
- Trading of multiple cryptocurrencies is available on Coinex
- The fees charged on Coinex is actually affordable by any able investor
- They support deposits via cryptocurrencies
- Coinex provides users with fast and easy transactions
Cons
- The customer support isn't all that responsive
- Cryptocurrencies as the only form of deposit might not be convenient for every trader
- The security is a source of major concern
