CoinEx Review
1,300+ Cryptocurrencies
Low Fees + CET Discount
Proof of Reserves
Operating Since 2017
📊 CoinEx at a Glance — Exchange Profile & Stats
Reputation
Independent reviews are generally positive on usability and low fees, and CoinEx is notable for not requiring mandatory KYC for basic use. As always with offshore exchanges, do your own research.
🔄 Top CoinEx Alternatives
Gate.io ★★★★
Known for an enormous altcoin selection and early listings — a close peer to CoinEx for long-tail tokens.
📈 Trading Products & Markets
Copy trading & earn
Follow and copy experienced traders automatically, and put idle assets to work with staking and earn products.
💰 Fees & CET Token
CET discount
Holding and paying fees in CoinEx’s native CET token cuts trading fees by an extra 20% — the cheapest way to trade on the platform.
🔒 Security & Custody
2023 incident
In 2023 CoinEx was hacked for roughly $70M; it reimbursed all affected users in full and hardened its systems afterward. Factor this history into your own risk assessment.
🌍 Regions & KYC
🌍 Availability & KYC
CoinEx operates globally and is notable for not requiring mandatory KYC for basic trading, though verification unlocks higher limits. Like most exchanges it restricts the United States and sanctioned jurisdictions.
Check CoinEx’s Terms for your country before signing up.
🎥 Video Guides & Reviews
Watch Before You Sign Up
⚖️ CoinEx Pros and Cons
✓ What we liked
- 1,300+ coins — strong for altcoins and early listings
- Low fees, cut a further 20% by paying in CET
- Futures up to 100x plus copy trading and earn
- No mandatory KYC for basic trading
- Publishes proof-of-reserves; majority cold storage with multi-sig
- Operating since 2017 under the ViaBTC Group
✕ What to watch
- Suffered a ~$70M hack in 2023 (users were reimbursed in full)
- Seychelles-registered — light-touch regulation
- US users are restricted
- Base 0.2% spot fee is mid-pack vs the giants
- Lower liquidity than Binance on major pairs
💰 CoinEx Fees & Account Tiers
CoinEx uses a volume-based VIP fee model, with an extra 20% discount when you pay fees in CET. Confirm current rates and network fees in your account.
🆚 CoinEx vs Binance vs Bybit
CoinEx against two of the largest crypto exchanges.
| Metric | CoinEx | Binance | Bybit |
|---|---|---|---|
| Founded | 2017 | 2017 | 2018 |
| Coins listed | 1,300+ | 350+ | 600+ |
| Base spot fee | 0.20% (−20% CET) | 0.10% | 0.10% |
| Max leverage | 100x | 125x | 100x |
| Mandatory KYC | No (basic) | Yes | Yes (tiered) |
| US users | Restricted | US-only entity | Restricted |
Figures are approximate and change frequently — verify current fees, listings and availability before trading.
✅ Why Choose CoinEx?
Why traders choose CoinEx usually comes down to selection and cost: 1,300+ listed tokens (strong for altcoins and early listings), low fees that drop a further 20% when you pay in the native CET token, futures up to 100x, copy trading, and the convenience of no mandatory KYC for basic use. Backed by the ViaBTC Group and operating since 2017, it publishes proof-of-reserves and keeps the majority of assets in multi-signature cold storage.
The honest trade-off: CoinEx suffered a roughly $70M hack in 2023 — it reimbursed affected users in full, but it’s part of the platform’s history you should weigh. It’s also Seychelles-registered (light-touch regulation), restricts US users, and has lower liquidity than Binance on major pairs. If you want a deep altcoin selection and the cheapest fees via CET, CoinEx is compelling; if regulatory protection and maximum liquidity are your priorities, a larger venue may suit better. Test a small withdrawal first.
Compare further: for other crypto venues covered on this site, see our BTSE review, PrimeXBT review and C-Patex review.
Open a CoinEx Account →Another exchange we have reviewed is Azbit.
Frequently Asked Questions