CoinW Review: Fees, Features, Facts, & More

Fact Checked

CoinW Review

CoinW is a crypto platform that provides spot, futures, and ETF trading services. Since its inception in 2017, the platform has grown widely accepted. However, before you trade on CoinW, you should comprehensively understand the exchange. For this reason, this review will provide everything you need to know about CoinW, including its features, services, trading fees, security measures, and more.

 

CoinW Overview

CoinW is a crypto trading platform founded in 2017. The company has its head office located in the British Virgin Islands. They also have other offices in Europe, the Middle East, and Africa, with an employee size of about 200 – 500.

As a crypto exchange, they provide spot, futures, and ETF trading opportunities to over 7 million users in 120 countries. The crypto company has a native token, CoinW Token (CWT), which you can trade on their platform.

They comply with the regulatory license of those regions they operate in. For instance, the exchange has the MSB financial license of the USA, the MSA license of Singapore, and the SVGFSA license.

 

CoinW Pros and Cons

👍 CoinW Pros👎 CoinW Cons
✅ About 304 supported coins❌ Poor customer support
✅ Comprehensive security measures❌ Limited trading options
✅ Copy trading features for new traders❌ No advance order types for futures
❌ Higher than average trading fee.

 

CoinW Trading Products and Features

CoinW supports over 304 crypto assets for trading. Customers can trade on the platform in the spot, futures, or derivative market. These trades are made using either their mobile app or web browser. However, you must first create and verify your account on CoinW to start.

Spot Trading

You can trade in the spot market using the CoinW exchange. They have over 353 trading pairs for spot trading with an average daily volume of $1.7 billion.

CoinW offers only a limit and market order for their spot trading. You can’t use advanced directives like take profit orders, stop orders, and the rest when trading spots on CoinW.

However, they offer a grid trading facility on their spot market. You use this option by giving a particular amount of coins to a bot to trade and then get a percentage of the profits at the end of the year. This is an excellent option for those still learning how to change spots.

 

Futures Trading

CoinW futures market has an average daily trading volume of $5.7 billion. In addition to the limit and market order, they provide customers with a trigger order to enhance their trading in the futures market. The trigger order is like a stop limit order or conditional order.

Like other exchanges, CoinW has both the cross and isolated margin mode for their futures market; they also have merged and split adjustment features unavailable in different discussions.

Whether you are trading long or short, the leverage you use on CoinW depends on the coin you are dealing with. For instance, while the maximum limit for BTC is 200x, that of Matic is 75×. In addition, they have the stop loss and take profit features, which are vital to the success of your trade.

 

ETF Trading

You can also carry out ETF trading on CoinW. Here, you either long or short the trade. Furthermore, they offer three leverages for ETF trading, including, ×3, ×4 and ×6.

 

Visit CoinW

 

Trading Interface

CoinW trading portal is excellent for both new and experienced traders. It has the ideal candle indicators and charts on a typical exchange. Their trading portal also comes with an order book where you can monitor price movement.

You can access their trading portal via your web browser or mobile app. If you use your web browser, I suggest you do so on a desktop computer to access all functions. Their mobile app can be downloaded on Google Play and Apple Store. On the Google Play Store, about 100,000 users have downloaded the app and rated it four stars.

 

CoinW Passive Income Products

CoinW offers several passive income products, including savings, copy trading, and auto investment.

 

Copy Trading

You can earn money from trading on CoinW by joining over 35,000 copy traders on the exchange. This is a great way to start your journey if you still need to perfect your trading strategies. On the copy trading portal, you will have access to the trading strategies of elite traders. Whether you want to make a long-term or short-term investment, there is always a trader to copy on CoinW.

 

CoinW Finance

These include the savings and investment section of CoinW. The saving part is called CoinW earn. Here, you keep a particular amount of your assets with the exchange for some time. Doing so will make you earn a percentage of your savings. You can save your assets in a current, fixed, or hybrid account.

The investment section of the app is Autoinvest. Here, you set an investment plan where you will direct the exchange to buy your choice assets automatically. In turn, they deduct the money from your wallet.

You can also earn passively from CoinW by engaging in their referral program. Here, you will get a percentage commission on your referral to the exchange.

 

 

CoinW Fees

Spot Trading Fees

Spot trading fees on CoinW depend on your average trading volume and CWT holding. Default fees for spot traders start at 0.2% as a taker fee and 0.2% as a maker fee. On the other hand, a VIP 6 spot trader with an immense amount of CWT holding pays 0.01% as a maker fee and 0.01% as a taker fee.

 

Futures Trading Fees

Their trading fee on the futures follows the same tiered structure as Spot. They charge a maker fee of 0.04% and a taker fee of 0.06% for every primary futures contract. This fee also gets more affordable as your trading volume increases and as you increase the amount of the native token you are holding.

Withdrawal and Deposit

CoinW supports over 34 fiat currencies for transactions, including USD, EUR, and GBP.

The amount and time needed to withdraw crypto assets here depends on your primary address. However, make sure you confirm the address before sending in any crypto. Depositing crypto on CoinW is free.

 

CoinW Security

CoinW uses various security measures to ensure customer accounts and funds’ safety. They require multiple verifications before customers can log in, generate API keys, or withdraw funds. They verify user identity using tools such as cell phone verification code, Google Authenticator, Twilio, or U2F security key.

The exchange also uses advanced security tools to record and monitor IP data of customer login. They report suspicious activities on their customers’ accounts by sending them a confirmation mail.

CoinW also prioritizes the storage of customer’s funds. They use MPC (Multi-Party Computing) wallets to manage on-chain transactions. In addition, most of their exchange funds are stored in offline cold wallets, which require multiple signatures from several of their senior members to access.

They are also one of the exchanges that occasionally publish their Proof of Reserves (PoR). They do this by disclosing available assets in their cold and hot wallet.

 

CoinW Customer Support

CoinW customer support needs to be more comprehensive. They have a help center that contains various articles, frequently asked questions and other helpful resources. On the help center, you can also click a link that will direct you to where you can submit a request. The company has an excellent social media presence on Twitter, Facebook, Telegram, Medium and more.

CoinW provides about 16 local trading centers in 13 different countries. In addition, the platform supports the use of 3 languages, including Chinese, Korean, and English.

 

Visit CoinW

 

Conclusion

No doubt, CoinW is fast gaining acceptance globally. However, they still need to improve in certain features. Their customer support needs to be more comprehensive, and this is a barrier for traders getting fast help. They don’t also have advanced order tools, which improves trading for advanced traders.

Nevertheless, their wide range of supported coins, security measures, and copy trading features for new traders stand out from their peers.

 

🏆 Best Crypto Exchanges in the UK

1. Bitget

Best crypto exchange overall in the United Kingdom

MEXC Exchange Logo

2. MEXC

Lowest fees, highest profits! No-KYC, 1700+ cryptos

3. OKX

World class derivatives trading with low fees!

Zoomex logo icon

4. Zoomex

Best no-KYC hybrid crypto exchange in UK

5. eToro

TradFi + Crypto exchange in the UK!

BTCC Exchange logo icon

6. BTCC

225x leverage futures trading in the UK!

🏆 Best Crypto Exchanges in Germany

1. Bitget

Best crypto exchange overall in Germany

2. Bitpanda

Basic beginner crypto exchange in Germany

3. Bybit

$30,000 sign up bonus! Great futures trading exchange

4. OKX

World class derivatives trading with the best liquidity!

5. eToro

TradFi + Crypto exchange in Germany

Zoomex logo icon

6. Zoomex

Best no-KYC crypto exchange in Germany

🏆 Best Crypto Exchanges Netherlands

1. Bitget

Best crypto exchange overall in the Netherlands!

2. Bitvavo

Basic beginner crypto exchange in the Netherlands!

3. Bybit

$30,000 sign up bonus! Best futures trading exchange!

4. OKX

World class derivatives trading with the best liquidity!

Coinbase Logo Icon

5. Coinbase

Most basic beginner crypto exchange in the Netherlands!

6. eToro

TradFi + Crypto exchange in the Netherlands!

🏆 Best Crypto Exchanges in India

1. Bitget

Best crypto exchange overall in India!

OKX crypto exchange logo

2. OKX

World class derivatives trading with the best liquidity!

WazirX crypto exchange logo

3. WazirX

Local alternative crypto exchange in India!

4. Bybit

$30,000 sign up bonus! Best advanced crypto exchange!

CoinDCX crypto exchange logo

5. CoinDCX

Local Indian exchange with advanced features!

MEXC Exchange Logo

6. MEXC

Best non-KYC crypto exchange! Lowest trading fees!

🏆 Best Crypto Exchanges in the USA

BYDFI logo icon

1. BYDFi

Crypto exchange with MSB license in USA! 200x leverage!

BTCC Exchange logo icon

2. BTCC

Best derivatives exchange with 225x leverage and MSB license!

Zoomex logo icon

3. Zoomex

Best no-KYC hybrid crypto exchange!

BingX crypto exchange icon

4. BingX

No KYC crypto exchange! Supports stocks, forex, commodities!

CoinEx crypto exchange logo

5. CoinEx

Over 800 supported cryptos and 100% proof of reserves!

Phemex crypto exchange logo icon

6. Phemex

Best crypto exchange for day trading in the US!

🏆 Best Crypto Exchanges in Canada

1. Bitget

Overall crypto exchange overall in Canada

Phemex crypto exchange logo icon

2. Phemex

Best crypto exchange for day trading in Canada. No KYC!

VirgoCX logo icon

3. VirgoCX

Local Canadian crypto exchange for beginners and newbies!

BYDFI logo icon

4. BYDFi

MSB license crypto exchange with 200x leverage!

MEXC Exchange Logo

5. MEXC

Lowest fees crypto exchange! Over 1700+ supported cryptos!

Zoomex logo icon

6. Zoomex

Best no-KYC hybrid crypto exchange in Canada

🏆 Best Crypto Exchanges in Russia

MEXC Exchange Logo

1. MEXC

Lowest fees crypto exchange! Over 1700+ supported cryptos!

Bybit crypto exchange logo

2. Bybit

Best crypto exchange for day trading in Russia!

Zoomex crypto exchange logo

3. Zoomex

Best no-KYC hybrid crypto exchange in Canada

Kucoin exchange logo

4. Kucoin

Most popular altcoin-gem crypto exchange!

OKX crypto exchange logo

5. OKX

Best derivatives crypto exchange with the deepest liquidity!

BYDFI logo icon

6. BYDFi

MSB licensed crypto exchange with 200x leverage!

Days
Hours
Minutes
Seconds
Days
Hours
Minutes
Seconds