What is COINEX and how does it work?

With its proprietary trade matching system and excellent user experience, CoinEx is dedicated to building a highly secure, stable and efficient digital coin exchange for global users. CoinEx now supports multiple languages and are providing global trading services in nearly 100 countries/regions.

Is COINEX legal in the US?

Coinbase says it serves over 200 countries, and does not list the U.S. as a restricted country. But this puts the onus on the customer to work out whether CoinEx is legal. There's no clear information on its site about any geographical restrictions.

What are COINEX's withdrawal fees?

CoinEx's withdrawal fees are similar to those on other crypto exchanges. Unlike other crypto platforms, CoinEx does not let you deposit fiat money for free using a bank transfer, though users can deposit most cryptos for free. It only uses third parties to process its fiat deposits.

Does COINEX require KYC?

CoinEx is a privacy focused platform, and customers only need to complete the KYC verification process if they want to withdraw more than $10,000 in a 24-hour period. Some investors view minimal KYC requirements as a benefit. They feel KYC goes against the crypto's ethos of anonymity and decentralization.