CoinW Exchange Review
CoinW is a centralized exchange that occupies #39 on Guru InvestingExchange Tracker. CoinW has trading volume US$772,289,561 in the last 24 hours and US$443,962,748,345 in the last 7 days.
CoinW currently has 380 cryptocurrencies, 34 paper currencies and 427 markets (cryptocurrency trading pairs). The most popular trading pair on CoinW is BTC/USDT.
Compare CoinW next to other exchanges here: Exchange comparison tool.
CoinW is a centralized cryptocurrency exchange (CEX). Launched in 2017, it offers spot and futures markets, copy trading and direct cryptocurrency purchases. In addition, users of the CoinW cryptocurrency exchange can add liquidity to pools and participate in the earnings program.
CoinW is KYC complaint and requires users to provide proof of identity. It is available in more than 120 countries. Users from Japan and the USA are prohibited from using the service. The platform can be accessed on both desktop and mobile devices. CoinW’s current trading volume can be viewed above.
Markets
CoinW spot and futures trading only supports cryptocurrency pairs. However, cryptocurrency and fiat trading is available using over-the-counter (OTC) and P2P trading services. Users can also purchase cryptocurrency using fiat money using debit and credit cards or bank transfers as payment methods.
The CoinW platform gives priority to listing lesser known ones altcoins. Token developers can submit a form to request a listing. In total, there are over 500 CoinW trading pairs and over 230 digital assets available for trading.
Like many crypto exchanges, CoinW has its own utility asset known as CoinW Token (CWT). Users who have the required CoinW cryptocurrency value are eligible for reduced commission rates.
CoinW Perpetual Swap this is a trading platform perpetual contracts with high leverage. All CoinW Swap contracts use margin trading. The margin is determined by the selected contract. Clients can also buy and sell exchange-traded fund (ETF) products.
Copy trading it is a tool that allows users to promote trading strategies or follow strategies created by other investors. Your balance must be at least 500 USDT in your futures account. Users who are already following other traders cannot post their own trading strategies. Strategists are entitled to a 12% discount on profits.
There are no CoinW exchange fees for spot traders.. The change was implemented in July 2022, following a period of free BTC spot transactions. However, ETF and futures traders and clients using leveraged tokens are still subject to fees.
The platform uses multi-level producer-taker model to determine fees for the CoinW cryptocurrency. There are six levels in total. At level 1, the maker-taker fee is 0.2%. All upper levels require users to have CWT tokens in their assets. Level 6 traders must have at least 86,800 CWT for their commission rates to be reduced to 0.01%.
All deposits on the CoinW cryptocurrency exchange are free. The minimum and maximum withdrawal amounts, as well as withdrawal fees, vary by asset. The commission amount is subject to change depending on market conditions at the discretion of the company.
other services
In addition to the CoinW crypto exchange, users can access other financial services. Some functions are based on the principles GameFi. Users can complete daily challenges and receive rewards from the CoinW prize pool. The awarded price of the CoinW cryptocurrency is expressed in US dollars.
CoinW Earn This is an investment program. Offers three types of contracts − locked and flexible savings and hybrid financing. Users can choose their preferred locked-in contract term or access their earnings at any time with a flexible plan. The APY of each contract may vary.
CoinW exchange pool This is a mining optimization model. Users participating in a mining program share resources, traffic, and hash rates. Individual investors owning hashrate token FILH may receive a portion of the income. CoinW supports both PoW And PoS mining.
The CoinW cryptocurrency exchange is part of the broader CoinW ecosystem. It includes three crypto wallets – two hot wallets and HyperMate cold storage. CoinW Ventures it is a venture capital platform. It provides investments in DeFi, GameFi and other blockchain development projects.
About company
Founded the cryptocurrency exchange CoinW Mingguo Bai in 2017. According to the project team, the exchange has received licenses to operate in the USA, Canada, Lithuania and Singapore. The company’s headquarters are located in Abu Dhabi, UAE. The total volume of CoinW can be seen in the chart above.
In April 2022, the exchange began expansion into the Vietnamese market. A month later, CoinW began a partnership with the Spanish football league La Liga. It was reported that the company had accumulated more than 7 million users worldwide.
In August 2022, after updating the cloud service, the platform experienced a synchronization failure, which led to deviations in the prices of short-term perpetual contracts. As a result, some clients lost their trading positions. The platform compensated affected users for the total lost price of the CoinW cryptocurrency.
Minguo Bai is the CEO of the cryptocurrency exchange CoinW. Before entering the DeFi space, he was a financial advisor to the royal family of Abu Dhabi.
CoinW related pages
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
