CoinEx Reviews: Is This Crypto Exchange Still Worth Using in 2026
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GNCrypto editors review services independently. If you click on affiliate links, we may earn commissions, which help support our testing. The goal of our reviews is to provide our readers with the most objective and unbiased overviews of available platforms for spot crypto trading.
CoinEx
CoinEx is a solid choice if you need low fees, a huge long-tail of altcoins, and integrated futures trading in one place. Spot and derivatives commissions are competitive, and there are more than a thousand markets to trade. At the same time, low liquidity on some pairs means cautious traders may still prefer to size positions modestly and avoid using maximum leverage.
GNcrypto's Verdict
CoinEx is a centralized exchange in the ViaBTC Group ecosystem, focused on spot and derivatives. The platform supports hundreds of coins and offers spot, margin trading, perpetual futures, AMM pools, and earn products for passive income. Base spot fees start at 0.20% for both makers and takers, but you can reduce them through VIP tiers and by paying fees with the exchange’s CET token. Futures fees are lower, with the same discount structure.
- No mandatory KYC; CoinEx is available to traders in many countries.
- A wide selection of spot and futures pairs.
- Competitive fees, with lower rates for higher VIP levels.
- Liquidity for some altcoins is lower than on the largest exchanges.
- Offshore jurisdiction and lighter regulation than top-tier exchanges.
On this page
Fees & Funding
4.5/5
Leverage & Margin
4.5/5
Fees & Funding
4.2/5
Leverage & Margin
4.2/5
Fees & Funding
4.2/5
Leverage & Margin
4.3/5
Fees & Funding
4.4/5
Leverage & Margin
4.2/5
Fees & Funding
4.5/5
Leverage & Margin
4/5
CoinEx is a centralized crypto exchange founded in 2017 that focuses on spot, margin, and futures trading with hundreds of listed coins and its own CET token. We look at fees, liquidity, supported markets, and regional restrictions to see whether the platform is a realistic alternative to larger tier-1 exchanges.
For this piece, we registered on CoinEx, completed verification, funded the account with $200, and placed real trades. We focused mainly on futures, tested different order types, and checked how the exchange stores trade history and updates balances in real time.
We also tested deposits and withdrawals, fees, and the tier system for active traders. We installed and used the mobile app, contacted support, reviewed security settings, and checked the basic risk-management tools.
CoinEx Overview
CoinEx is a centralized crypto exchange focused on spot trading, margin, and especially crypto futures. The platform supports 700+ cryptocurrencies, so beyond the usual BTC and ETH pairs, there’s a deep selection of smaller altcoins. If you like exploring mid- and lower-cap markets, that variety is clearly one of its selling points.
For futures, the exchange offers up to 100× leverage, depending on the pair. You can also switch between isolated and cross margin, which lets you decide whether to limit risk to a single position or share margin across multiple trades. The platform uses a mark price to calculate unrealized PnL and determine liquidation levels. Funding on perpetual contracts is settled every 8 hours, which is standard for many derivatives exchanges
In this CoinEx review, we looked at the exchange as a venue that aims to combine a broad selection of altcoins with relatively low fees and an accessible on-ramp via fiat and a mobile app.
How Coinex Futures Trading Works
CoinEx futures are perpetual contracts where you trade the asset’s price, not the asset itself. Contracts are denominated in USDT or in coin. When you open a position, you choose the direction (long or short), order size, and margin mode; the exchange then locks collateral and starts tracking PnL. In our tests, returns were tracked using the mark price, not the last traded price.
CoinEx offers the standard toolkit: limit and market orders for entry, stop-limit and stop-market for position protection, plus take-profit and stop-loss, which you can set when opening a trade.
To make our Coinex exchange review, we opened a small BTC/USDT perpetual long with $200 of margin on isolated and set 10× leverage, which gave us about $2,000 in exposure (roughly 0.032 BTC with BTC around $63,000). We entered with a limit maker-only order at $63,000, and after it filled the terminal clearly showed our entry, position size, PnL, mark price, and estimated liquidation price (it was roughly ~$57,000 on this setup).
Then we added a reduce-only stop-loss near $61,700 (about -2%) and a take-profit near $65,500 (about +4%) so the exits could only close the position. The fees on our ~$2,000 notional position came out to roughly $0.60 on entry and about $1.00 on exit (around $1.60 total), and we didn’t end up paying funding because we closed the position before the next funding timestamp.
Core Features & Advantages
Here’s how CoinEx compares with other derivatives exchanges in day-to-day trading:
Strengths:
- A clean, uncluttered terminal, intuitive order and position management, and fast access to settings.
- Flexible leverage (up to 100× depending on the contract) plus support for cross and isolated margin.
- A broad range of markets (~200 perpetual futures markets).
Weaknesses:
- The exchange is not among the absolute liquidity leaders.
- Not all fiat deposit and withdrawal methods are available in every region.
- Interface simplicity does not always prevent overload.
- Local restrictions and regulatory requirements may affect access to certain products.
Like our team, other users who have left feedback across different CoinEx reviews point to the combination of a simple interface, a set of risk tools, and market selection as CoinEx’s key advantage, but those same strengths still demand discipline from the trader.
Trustworthiness Сheck
Most user funds on CoinEx are held in cold wallets, with hot wallets used only for liquidity. The exchange claims a layered security model: separation of cold and hot storage, 90%+ of assets kept offline, multisig and MPC for hot wallets, data encryption, 2FA, and monitoring for suspicious activity.
Since 2022, CoinEx has published Proof-of-Reserves and says it maintains 100% 1:1 reserves for user assets. Users can verify whether their balances are included in the Merkle tree via a dedicated tool on the site. Reserve data is updated regularly, with the latest update in January 2026.
In September 2023, CoinEx suffered a major hot-wallet hack; estimates put the loss at roughly $54–70 million in crypto. According to the exchange and external investigations, the attack affected only hot wallets, and cold storage was not compromised. The platform quickly suspended deposits and withdrawals, moved the remaining assets, pledged to fully compensate users, and later announced a migration to a new hot-wallet infrastructure.
CoinEx is registered as an MSB with FinCEN in the U.S. and holds a VASP license in Poland. After regulatory scrutiny, the exchange exited several jurisdictions, including New York and Canada, and it now does not serve users from the U.S., Canada, mainland China, or Hong Kong.
GNcrypto’s Overall CoinEx Rating
| Criteria | Rating (out of 5) |
|---|---|
| Trading Fees & Funding Costs | 4.5 |
| Leverage & Margin Requirements | 4.5 |
| Contract Selection & Liquidity | 4 |
| Platform Performance & Risk Controls | 4 |
| Security & Regulatory Compliance | 3.5 |
| User Experience & Trading Interface | 4 |
| Customer Support & Educational Resources | 4 |
| Total | 4.1 |
Methodology – Why You Should Trust Us
We use a weighted, category-based model, collect standardized data from each platform (open data + hands-on testing), and convert that into a 1.0–5.0 star score in 0.1 increments.
Our focus is futures trading quality: real fees + funding costs, leverage flexibility, market depth, execution speed during volatility, and the user-facing risk controls.
How We Collect Data
- Public data: fee schedules (maker/taker/VIP), funding rate history, margin tiers, and regulatory status.
- First-hand testing: we place test trades, open leveraged positions (10x–50x), measure spreads and slippage during market moves, and verify stop-loss execution.
We do not rate solvency or make guarantees about financial stability. Ratings reflect the trader’s experience, not a balance-sheet audit.
Categories & Weights
- Trading Fees & Funding Costs – 25%
- Leverage & Margin Requirements – 20%
- Contract Selection & Liquidity – 15%
- Platform Performance & Risk Controls – 15%
- Security & Regulatory Compliance – 10%
- User Experience & Trading Interface – 10%
- Customer Support & Educational Resources – 5%
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