What is CoinEx? Review & Guide to using CoinEx exchange

What is CoinEx?

CoinEx is a centralized exchange ( CEX ) professional cryptocurrency exchange with a global scale of operation. Currently, CoinEx exchange supports many different languages, including Vietnamese. CoinEx exchange was founded in December 2017 and is developed by elite staff in various fields such as blockchain, finance, and services.

With the mission of making the world a better place through blockchain, CoinEx has established an exclusive trading system combined with a great user experience and extremely friendly interface, promising to become a safe, stable, and highly efficient cryptocurrency exchange for users around the world in general and Vietnamese users in particular.

CoinEx has stated that they will not use customer assets anywhere else and they are 100% reserved. As a result, withdrawals are processed quickly and users can receive their funds within minutes.

What does the CoinEx ecosystem include?

CoinEx is one of the exchanges with the most diverse ecosystem in the industry, including CoinEx Exchange, ViaBTC Pool, CoinEx Smart Chain, OneSwap, ViaWallet and the newly established ViaBTC Capital. Inside:

CoinEx Exchange: An exchange that supports perpetual, spot, margin and other derivatives trading. While the exchange does not offer any advanced security features (like IP monitoring), it does offer a standard 2FA option to protect client funds. In addition, CoinEx also utilizes security elements such as multi-signature and HTTPS strategies to provide comprehensive protection for client funds and data protection.

ViaBTC Pool: One of the largest cryptocurrency mining pools in the world. Currently, this ViaBTC Pool currently attracts more than 3 million global users.

CoinEx Smart Chain: Upgraded from CoinEx Chain. It is a chain of smart contracts dedicated to decentralized transactions with extremely high execution performance, low transaction costs, perfect compatibility with the Ethereum ecosystem, and permissionless block production.

OneSwap: Decentralized exchange (DEX) with native token ONES provides users with features such as swap, trade, and liquidity provision, specifically supporting AMM and order book model.

ViaWallet: Wallet that allows users to store 36 major cryptocurrencies on 6 different chains in the same wallet. In addition, users can stake, using DApps and decentralized exchange CoinEx DEX at ViaWallet. In the near future, the wallet will integrate more crypto-to-crypto and crypto-to-fiat transactions, instant transaction speed, support for credit card payments.

On August 6 ViaBTC Capital — a new subsidiary of ViaBTC officially launched. Immediately after being founded, ViaBTC Capital launched its first venture round, committed to building an investment ecosystem that integrates capital, resources, and post-investment services.

What's a special CoinEx exchange?

Safety & Stability

With a top technical team, comprehensive security protection, and CoinEx's exclusive high-speed order matching engine, the exchange ensures the stability of thousands of orders at the same time, each of which will be within your reach.

CoinEx is an exchange that has never been hacked since its inception and is guaranteed to be safe for the entire system. Not only that, the user's capital is also guaranteed to be safe through the amount of capital sponsored from the exchange up to 100%.

Easy to trade and high liquidity

CoinEx currently supports more than 300 Coins and Tokens along with more than 600 trading pairs. Most of the Altcoins that you want to trade are available on the CoinEx exchange.

In addition, CoinEx also has a Research Institute specializing in researching new potential coins that can be listed on the main exchange, so the coins on the CoinEx exchange not only keep up with market trends but also have a certain guarantee. The due diligence of coins is done carefully, so users will also reduce many risks during trading on CoinEx.

User-friendly

Serve global users with 24/7 exchange services, multi-language support, strong community, and professional customer service. CoinEx exchange provides users with an intuitive, easy-to-use interface and full functionality of a cryptocurrency exchange. In addition to CEX, CoinEx also has CoinEx Smart Chain similar to BSC for Defi development.

CoinEx supports users with many other derivative features such as AMM, financial management, and can even buy cryptocurrency through Viettel Pay on CoinEx's exchange quickly and simply.

Low transaction fees, fee sharing for users

CoinEx has a transparent fee structure that always gives a good impression. For trading pairs that do not support AMM, your transaction fee can be reduced to only 0.07% if you hold CET reaching VIP5.

Especially, if you are CoinEx Market Makers, you can also get negative trading fees. With trading pairs that support AMM, users participating in creating liquidity will share 50% of the collected trading fees. Too attractive for a centralized exchange, isn't it?

Registration & security activation on CoinEx

To use the Exchange, you just need to follow the very simple and quick registration steps.

• Step 1: Access the link: https://www.coinex.com
• Step 2: Enter the necessary information in order and select “Sign Up”.
• Step 3: After successful registration, you will choose the 2FA security mode for your account.
• Step 4: Select “SMS code” to choose the security on the phone and enter the code sent from the email.
• Step 5: Enter your phone number and receive a verification code.
• Step 6: Complete the security process.

In addition, to ensure the security of your account, you can choose to add TOTP Authentication.

• Step 1: Access your account and select “Account Settings”. Then scroll down to Security Settings and select “TOTP Authentication” and select “Blind”.
• Step 2: Enter the code sent to your phone and select “Next”.
• Step 3: Enter the code sent to you via email.
• Step 4: Scan the QR code via your GA and save the Private Key in a safe place. Note: Do not reveal your private key to anyone.
• Step 5: Enter the code on GA and select Next to complete the security.

Exchange fees CoinEx

Transaction fee

CoinEx charges transaction fees when users Spot, Perp, Margin. CoinEx fee rate varies by VIP level and Market-Making level. VIP level is dependent on holding CET while Market Making level is based on 30 days trading volume (a snapshot will be taken at 0:00 UTC daily).

Deposit fee

Like many other cryptocurrency exchanges, the deposit fee on the CoinEx exchange is free. The withdrawal fee will depend on each coin.

https://www.coinex.com/fees?type=spot&market=normal

Exchange member information

CoinEx is registered in Hong Kong, in which Mr. Haipo Yang is the Co-Founder and CEO of CoinEx.

In addition, the core members of CoinEx come from the world's leading internet and financial companies, including the earliest adopters and crypto experts who have rich experience in various industries. global operations and services in the industry.

Investors

CoinEx has raised a total capital of up to 50 million USD through a single venture fund, Ecosystem Development Fund. This fund was announced on July 30, 2020, and raised a total of 50 million USD and has been invested in the activities of the exchange in particular and the ecosystem in general.

CET coin information

CET was originally designed to run on the Ethereum blockchain according to the ERC-20 standard. But then CET was migrated to CoinEx Chain and most recently in June 2021 CET was fully launched on CoinEx Smart Chain.

• Name: CoinEx Token
• Symbol: CET
• Token Standard: CRC-20
• Blockchain: CoinEx Smart Chain

CET coin feature

• Deducted as transaction fee: CET can be deducted directly as a transaction fee.
• CET can be used to get VIP privileges on the CoinEx exchange.
• CET can purchase dedicated API servers to improve business efficiency.
• Governance function: CET holders are given priority to participate in airdrop programs, etc. CET is also used as gas fees on the CoinEx Smart Chain.

Plan to use & burn CET coin

Since its launch, CET has been distributed and circulated through various forms such as airdrops, transaction fee refunds, activity expansion, and pool unlocking.

At the same time, according to the plan to increase the value of CET, every day CoinEx will use 50% of the platform's profits to buy back CET, then at the end of the month will burn all CET bought back in the month until when the total supply of CET drops to 3 billion CET.

In addition, according to user feedback, on March 12, 2021, CoinEx decided, after the total amount of CET is reduced to 3 billion CET CoinEx will continue to use 20% of the earnings from the platform's profits to buyback and burn CET until all CET is burned.

CoinEx will issue CET/BCH, CET/BTC, CET/USDT, CET/USDC trading pairs and traders can trade CET on CoinEx Exchange.

CoinEx Exchange Review

CoinEx can be considered as an exchange that has achieved many achievements in recent times with diverse products and ecosystems serving essential needs in the cryptocurrency market.

Not only that, CoinEx has a commission program of up to 40% when inviting friends to trade on CoinEx can get back up to 40% of transaction fees for Referral Reward and the transaction fees on the exchange are quite attractive. users participate in transactions.

However, CoinEx exchange will have to face great competition from other major exchanges, so the number of users on the exchange is still not really high, requiring further development steps and upgraded products and services. Stay tuned to learn about the next developments of this exchange!