CoinEx Exchange Review

CoinEx has been operating since 2017 and is one of the few global exchanges with a Persian-language interface, which has made it one of the most popular choices among Iranian users. More than 900 cryptocurrencies can be traded on CoinEx.

CoinEx has a good security track record, and its base spot fee is 0.2%, which drops if you hold its native CET token. However, it has made identity verification mandatory and does not accept Iranian documents, so it cannot be used by Iranian users.

CoinEx was founded in Hong Kong in 2017 by a team of veterans from the mining and exchange industry, and it is one of the few global exchanges that has had a full Persian interface for years — the main reason for its popularity among Iranians.

The world of cryptocurrency offers unique opportunities for investing and trading, but choosing the right exchange is the key to success in this fast-moving market. This article gives you a comprehensive, step-by-step introduction to CoinEx's features and services and how to use the exchange. From signing up and securing your account to learning spot and futures trading, this guide will help you use the platform with complete confidence. If you're looking for a secure exchange, this article gives you all the information you need.

What is CoinEx?

CoinEx is a global cryptocurrency trading platform founded in Hong Kong in December 2017 by Haipo Yang, the founder of the ViaBTC mining pool. With support for more than 1300 cryptocurrencies and 1900 trading pairs, competitive fees (0.2% for spot trading, reduced when you use the CET token) and a simple, user-friendly interface, it has become one of the most popular exchanges among traders. CoinEx offers services such as spot trading, futures with leverage of up to 100x, margin, staking, lending and automated market making (AMM). With high daily trading volume and support for more than 1300 cryptocurrencies, CoinEx is one of the best-known exchanges worldwide.

CoinEx for Iranian users

Until recently, CoinEx was one of the most popular options for Iranian users. However, conditions have changed since the exchange changed its policies in 2026 and stopped providing services to Iran. Today, Persian-language support and Persian menus should not give the impression that the exchange serves Iranian users; these features are purely part of the user interface and do not grant Iranian users any legal permission to use the exchange.

Is CoinEx a reputable exchange?

Thanks to its operational transparency, its Proof-of-Reserves reports and its broad support for users in more than 200 countries, CoinEx is recognized as one of the trustworthy exchanges in the crypto space. The exchange is licensed in three jurisdictions (Hong Kong, Estonia and the United States), but it is not supervised by top-tier regulators such as the SEC (the US Securities and Exchange Commission) or the FCA (the UK Financial Conduct Authority).

More than 10 million active users and continuous operation since 2017 point to users' trust in the platform. CoinEx has also tried to demonstrate its transparency to users by publishing periodic reports and working with reputable audit firms.

CoinEx security review

CoinEx uses advanced security protocols to protect users' assets and data. The exchange relies on cold storage to hold the bulk of its assets, as well as two-factor authentication (2FA), multi-layer encryption and multi-signature wallet technology. Multi-signature wallets store private keys on separate servers to reduce the risk of unauthorized access. In addition, CoinEx runs 24-hour monitoring systems to detect suspicious activity and offers features such as an anti-phishing code and a withdrawal password to strengthen account security.

The 2023 hack

In September 2023, CoinEx was hit by a cyberattack in which hackers stole around $70 million from the exchange's hot wallets. The attack was caused by a security flaw in one of the hot wallets, and no user assets were directly affected. Immediately after the incident, CoinEx strengthened its security measures, including moving the remaining assets to cold wallets and upgrading its security protocols. The exchange said it had covered the losses from its own reserves and that no users had lost money. This quick, transparent response largely preserved users' trust, but the incident shows how important it is for users to enable two-factor authentication and other security tools.

CoinEx features

Below, we review CoinEx's features:

CoinEx Smart Chain

CoinEx Smart Chain (CSC) is an independent blockchain created by the CoinEx team as a platform for running smart contracts and decentralized applications (DApps).

CSC uses a delegated proof-of-stake (DPoS) algorithm, which allows transactions to be processed quickly and with very low fees. The network is compatible with the Ethereum Virtual Machine (EVM), so developers can easily move their projects from Ethereum to CSC.

CoinEx Smart Chain Bridge

The CoinEx Smart Chain Bridge (CSC Bridge) is a tool for moving assets between different blockchain networks, such as Ethereum, BNB Chain and CSC. The bridge supports token wrapping and cross-chain conversion, so users can move their assets without needing a centralized exchange.

All you need to do is select the token and the source and destination networks, then connect your wallet. The transaction completes in a few minutes, and the fee is far lower than on the main networks.

The ViaWallet decentralized wallet

ViaWallet is CoinEx's official wallet, which lets users store and manage their digital assets in a decentralized way. The wallet supports more than 50 blockchains and thousands of tokens, and private keys stay with the user alone.

Besides storing and transferring coins, ViaWallet also lets users stake, connect to DApps and manage NFTs. The wallet is available on mobile (iOS and Android) and as a browser extension, and it can connect directly to the CoinEx exchange.

CoinEx staking

On CoinEx, users can join staking programs through the Financial Account section and earn periodic returns in exchange for locking up their assets.

CoinEx supports several tokens in its staking plans, including CET, USDT, ETH and BTC. Staking periods range from 7 to 90 days, and the rate of return depends on the coin and the staking period. At the end of the period, users can withdraw their principal and their earnings.

CoinEx automated market maker

The automated market maker (AMM) on CoinEx is a system that provides trading liquidity without the need for a traditional order book.

With this approach, users can deposit two coins into a liquidity pool (such as CET/USDT) to take part as liquidity providers (LPs) and earn a share of that pool's trading fees.

CoinEx's AMM also lets users withdraw their assets instantly, track their earnings and add more capital. Anyone can view the active trading pairs in the AMM Market section and, if they wish, help provide liquidity for them.

Crypto loans on CoinEx

CoinEx offers a service called CoinEx Lending that lets users borrow against their digital assets as collateral. With this system, users can lock coins such as BTC, ETH or USDT as collateral and borrow a different coin against them.

The loan amount is calculated based on the loan-to-value (LTV) ratio, and if the value of the collateral falls, the assets may be liquidated. For repayment, the loan amount is deducted automatically from your account balance, and interest is calculated hourly.

Advantages of CoinEx

 In terms of technical infrastructure and the range of trading tools, CoinEx is still considered one of the leading platforms. Below, we look at the platform's most important advantages:

• A wide range of cryptocurrencies: support for more than 1300 cryptocurrencies and 1900 trading pairs, so you can trade all kinds of assets.
• Competitive fees: the spot trading fee is 0.2%, which drops to 0.16% when you use the CET token.
• A diverse range of trading options: spot trading, futures with leverage of up to 100x, margin, staking and automated market making (AMM).
• Multi-platform access: mobile apps (Android and iOS) and a desktop version that run smoothly.
• 24-hour support: support via live chat, email, tickets and a Telegram channel.

Drawbacks of CoinEx

For all its advantages, CoinEx is not without problems. Its drawbacks are as follows:

• Deposit and withdrawal suspensions: Withdrawals and deposits on this exchange are sometimes suspended temporarily, for example because of network upgrades or token migrations, which can worry users.
• Blocked withdrawals or long processing delays: Some users have reported that even after completing basic identity verification, their withdrawals were blocked or took a very long time to process.
• Restrictions or legal issues: For example, in the US state of New York, the exchange was accused of operating without being officially registered as a securities or commodities exchange and paid a fine.

Connecting an external wallet to CoinEx

CoinEx users can connect external wallets to their exchange account. To do this, follow these steps:

1. Go to Wallet Connect in your account settings.
2. Connect your wallet using the QR code or a direct DApp connection.

Connecting an external wallet gives you fast withdrawals, cross-chain transfers and direct interaction with the CoinEx Smart Chain (CSC). When connecting, always use the official version of the wallet to avoid the risk of phishing.

When choosing between international exchanges, differences in futures features, fee levels, support quality and access restrictions all play an important role. Our comparison Is BingX better than CoinEx? helps you choose the better option for your trading style, spot or futures, instead of relying on brand reputation alone.

CoinEx's native token

CoinEx's native token goes by the ticker CET (CoinEx Token). It was introduced in 2018, and its main uses are paying trading fees, staking, voting and getting discounts.

Users who pay their fees in CET get a trading discount of up to 50%. CET is issued on the CoinEx Smart Chain (CSC), and you can hold it in most reputable wallets, such as ViaWallet and MetaMask. CoinEx spends part of its revenue on periodic CET burns to reduce its supply and preserve its value.

What is the CoinEx Ambassador Program?

The CoinEx Ambassador Program is a scheme for recruiting active representatives in different countries to grow the brand and bring more users to the exchange. Ambassadors are responsible for introducing CoinEx's services, benefits and events to user communities, and in return for their work they receive cash rewards, fee rebates and exclusive perks. To join the program, applicants must apply through the official form on the CoinEx website and, after an eligibility review, are approved as official representatives. Ambassadors also get special access to CoinEx's international events and promotional partnerships.

CoinEx tutorial

Below, we walk you through every part of the CoinEx exchange in full:

How to sign up on CoinEx

The steps for signing up on CoinEx are as follows:

1. Go to the exchange's official website at https://www.coinex.com/.
2. Select Sign Up at the top of the page.
3. Enter a valid email address and choose a strong password.
4. Accept the terms and click the Sign Up button.
5. Open your email and confirm the activation link sent by CoinEx.
6. Once you've logged in, we recommend enabling two-factor authentication for extra security.

Signing up takes just a few minutes, and you can start trading as soon as your email is confirmed.

How to trade spot on CoinEx

To trade spot on CoinEx, follow these steps.

1. First, log in to your account on the CoinEx website or app.
2. Select Spot from the main menu to open the Spot Trading screen.
3. On the left side of the page, select the trading pair you want, such as BTC/USDT or ETH/USDT.
4. Choose the order type:
   • Limit Order: You set the price you want, and the order is filled when the market reaches that price.
   • Market Order: The order is filled immediately at the current market price.
   • Stop-Limit: Combines a stop-loss with a limit order for better risk control.
5. Enter the amount and click Buy or Sell.
6. Check the results and status of your orders in Order History or Trade History.

Spot trading on CoinEx involves no leverage, and the assets you buy are moved to your spot wallet.

How to trade futures on CoinEx

To trade in the CoinEx futures market, follow these steps:

1. Go to the official CoinEx website or app and select Futures from the menu at the top of the page.
2. Under Assets → Transfer, move the amount you want from your spot balance to your Futures account.
3. On the futures trading page, select the trading pair you want, such as BTC/USDT.
4. Set your leverage between 1x and 100x. Higher leverage increases your potential profit but also raises the risk of liquidation.
5. Choose the order type:
   • Limit Order: Place an order at the price you want.
   • Market Order: Buy or sell instantly at the live market price.
   • Stop Order: Set a stop-loss or take-profit.
6. Select Buy/Long if you expect the price to rise, or Sell/Short if you expect it to fall.
7. In the Positions section, you can see your profit and loss and the option to close the position.
8. Selecting Close Position closes the trade, and the profit or loss is added to your futures balance.

Deposit and withdrawal methods on CoinEx

On CoinEx, deposits and withdrawals work as follows:

Making a deposit (Deposit)

To deposit crypto, go to Assets, select Deposit and choose the blockchain network you want. Your personal wallet address is then shown, and once you've sent funds from an external wallet, the balance appears in your account.

Making a withdrawal (Withdraw)

To withdraw funds, go to Withdraw, select the cryptocurrency and the transfer network, and enter the destination address. Then confirm the security codes (email or 2FA) and the transaction goes through.

Make sure the networks you choose match at both ends.

Connecting an external wallet to CoinEx

CoinEx users can connect external wallets to their exchange account. To do this, follow these steps:

1. Go to Wallet Connect in your account settings.
2. Connect your wallet using the QR code or a direct DApp connection.

Connecting an external wallet gives you fast withdrawals, cross-chain transfers and direct interaction with the CoinEx Smart Chain (CSC). When connecting, always use the official version of the wallet to avoid the risk of phishing.

Enabling anti-phishing and advanced security on CoinEx

CoinEx offers several features to strengthen account security:

• Anti-phishing protection (Anti-Phishing Code): Under Account → Security Settings, you can set a personal code that appears in every official CoinEx email. This code helps you spot fake emails.
• Two-factor authentication (2FA): With Google Authenticator or SMS, logins and withdrawals only go through once you enter a security code.
• Withdrawal password (Fund Password): You need to set a separate password for withdrawals and other sensitive actions.

These settings make unauthorized access to your account almost impossible.

Pre-token trading and copy trading on CoinEx

Pre-token trading lets users take part in a token's early launch stages before it is officially listed. Pre-tokens are offered at lower prices but carry higher risk. You can access this trading from the Pre-Token Trading section of the spot menu.

CoinEx also offers copy trading. With this system, users can automatically copy the trades of professional traders. Simply go to Copy Trading under Futures in the main menu, choose a trader and set the amount of capital you want to allocate. Each trader's performance is shown transparently, and profits or losses are applied in real time.

CoinEx at a glance

The table below gives an overview of CoinEx's structure and main services:

CoinEx: good or bad?

Its wide range of tradable assets and well-optimized user interface make CoinEx a good choice for traders looking for a platform that is fast yet simple.

On the other hand, its lack of an official license from international financial authorities counts as one of its weaknesses. For intermediate to professional traders who want to trade on a platform without KYC, CoinEx is an acceptable choice.