n this article, we are going to provide a full Coinex review. A low-fee cryptocurrency exchange called CoinEx offers a large selection of cryptocurrencies as well as cutting-edge products like margin trading. Know-your-customer (KYC) verification is only necessary for withdrawals over $10,000, though.  Additionally, it is the client’s duty to determine whether or not they are authorized to use the service. To determine if CoinEx is appropriate for you, or it can be the best Binance alternative, read our complete evaluation. Quick Getaway: Looking for an alternative for CoinEx which is more trustworthy? Sign up here and give this exchange a shot.    What Is CoinEx? Honestly speaking, one of the difficult things in the crypto world is definitely choosing the best cryptocurrency exchange that matches your goals and has all the features and services you require at a specific time. Why? The answer is straightforward: there are simply too many high-quality exchanges. Based on this CoinEx review, CoinEx is unquestionably one of those. A well-known brand in the cryptocurrency sector is CoinEx. The features, supported coins, deposits, withdrawals, fees, supported countries, safety, and all other key components of the CoinEx exchange will be thoroughly examined in this article.  More than ten languages, including English, Chinese, French, and Spanish, can be used with CoinEx. Additionally, it accepts more than 50 fiat currencies.   Quick Summary about CoinEx based on our CoinEx Review • A cryptocurrency exchange called CoinEx was established in 2017 and has its headquarters in Hong Kong. • The portal provides buying cryptocurrencies for fiat money using a variety of payment options and supports more than 400 coins. • CoinEx token (CET), the exchange’s native token, • Over a hundred nations can access CoinEx, which is governed by Estonian legislation. • The exchange provides low fees and strong security for spot, perpetual, and margin trading. • More than 50 fiat currencies are supported by CoinEx • The landing page appears to be user-friendly and well-organized for both new and seasoned traders. • In addition to CET, Bitcoin, Ethereum, Binance Coin, Solana, Ripple, and Dogecoin, CoinEx supports 655 trading pairings. • Offering multi-signature cold wallet storage, CoinEx has never experienced a hack. • Users that report bugs or issues on CoinEx are rewarded, and the exchange has an Estonian license for trading digital assets. • Despite not requiring KYC checks, CoinEx offers verified users increased withdrawal limits and fee reductions. • Fiat deposits cannot be made directly, and several users criticize the time-consuming verification process and the lack of third-party insurance. • CoinEx is no longer accessible in the US. In April 2021, they discontinued providing service to US clients. Although it is a little hazardous, you might try using VPNs to access it.   Where is CoinEx Located? CoinEx’s landing page appears to be well-designed, with comprehensive explanations of the platform’s essential features. CoinEx’s parent business, via BTC, has its headquarters in Hong Kong.   CoinEx Market Trading View Different exchanges have various trading philosophies. You should decide for yourself which trading perspective is ideal for you. All of the displays typically show the order book, or at least a piece of it, a price chart for the selected cryptocurrency, and order history.  Additionally, they usually have to buy and sell boxes. Before choosing an exchange, try to look at the trading view to ensure that it feels right to you.   CoinEx Review of Market Fees Based on the data gathered for this CoinEx review, the  CoinEx trading fees are comparable to those of other similar platforms. However, the cost can be quite high if you want to deposit fiat currency, like US dollars. The withdrawal costs on CoinEx are comparable to those on other cryptocurrency exchanges.     CoinEx Market Trading fees As you are aware, a trade requires a minimum of two parties. In bitcoin trading, we refer to these many parties by a variety of names (in addition to just “party one” and “party two”). Prior to the trade, the party whose order is on the order book is referred to as the maker. The taker is the individual who examines the maker’s order and concludes, “Yeah, that’s good enough for me, so I’m going to go ahead and accept that order.” The makers receive a discount on the trading fees in comparison to the takers because they supply the liquidity to the exchange. At CoinEx Market, this is also true. Trading commissions on CoinEx Market are 0.15% for takers. This fee is a bit less than the industry average on a global scale. However, Hong Kong exchanges often charge cheaper trading commissions than exchanges from other nations. As a result, the average taker trading charge in Hong Kong’s domestic business is substantially smaller (around 0.10%). Therefore, CoinEx Market’s trading fees for takers are even quite exorbitant when viewed from a domestic viewpoint. On spot trading, CoinEx imposes a maker/taker fee of 0.2%. Users can cut trading costs in two ways: Paying with CET, CoinEx’s native token, results in a 20% fee decrease.   SPOT TRADE FEE FEE (PAID IN CET) VIP 0 0.200% 0.160% VIP 1 0.180% 0.144% VIP 2 0.160% 0.128% VIP 3 0.140% 0.112% VIP 4 0.120% 0.096% VIP 5 0.100% 0.080%   High Fiat Deposit charges Though users can deposit most cryptocurrencies for free, unlike other crypto platforms, CoinEx does not allow free bank transfers for deposits of fiat money. It exclusively makes deposits in fiat currency using third parties. Tether (USDT), USD Coin (USDC), Bitcoin (BTC), and Ethereum (ETH) can all be purchased on the website through a variety of third-party payment processors. The charge structure varies depending on the payment processor, but there is typically a fixed fee and a poor exchange rate. Consider a scenario if you wished to purchase Bitcoin using Simplex, one of the website’s third-party processors. The initial down payment is $200. If you spend $200, you’ll receive $184 in Bitcoin; there is a $7 transaction charge and an additional $9 buried in