Review on CoinEx by Japheth Ayuba
The CoinEX Review
Coinex is a good exchange with support for over 150 cryptocurrencies and a good trading volume of $72 million indicates where traders put their money to work. As a centralized exchange, security features are setup to prevent breach. The use of an SSL encryption protocol and a Multi-signature wallet helps protect the exchange. The exchange also helps users protect themselves through the use of 2fa. Withdrawal fees charged on this exchange are low as compared to many other exchanges and the trade fees is a flat 0.1% which is below the market average of 0.25% This trade fees can be discounted by using the exchange native token CET to cut trade fees by 50% Although the exchange doesn't support Fiat to crypto trade, it's affiliated with Simplex to allow users buy Crypto coins with their fiat currencies. Overall, CoinEX is a great exchange and so therefore is highly recommended by many and myself to traders
Pros
- High exchange security detailed in it's SSL encryption protocol, MultiSig wallet and user protection mechanism through 2fa
- Low withdrawal fees charged by the exchange
- CoinEX Trading app available for all mobile devices
- CoinEX native token CET can be used to discount trade fees up to 50%
- Low flat trade fees of 0.1% which is below the market average of 0.25%
- Third-party support from Simplex to purchase Crypto with fiat
- Good 24 hour trade volume of $72 million and as the exchange supports 158 coins with 380 pairs, it's very active in trading
Cons
- Only spot trading is available on this exchange
- No fiat trade is available currently
