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Detailed Review of Exchange CoinEx
CoinEx Cryptocurrency
The CoinEx exchange is not limited to just the usual features of a trading platform - it also offers its own token, CoinEx Token (CET). The official presentation of the whitepaper for this token took place on June 28, 2019.
According to the creators' statements, CoinEx Chain has become the world's first public blockchain network specifically designed for decentralized exchanges (DEX). The main goal of CoinEx Chain is to create a decentralized trading system with community governance, transparent trading rules, and the ability for users to control their assets independently. In addition to DEX Chain, CoinEx Chain will also include Smart Chain, which supports smart contracts, and Privacy Chain, which ensures user privacy protection. Ultimately, as claimed by the exchange, CoinEx Chain will evolve into an ideal ecosystem based on parallel public blockchain networks.
CoinEx Fees
Trading Fees on CoinEx
The CoinEx trading platform does not set different fees for makers and takers. Instead, it uses a "flat fee" model. The proposed fee rate is 0.20%. This corresponds to the average global level, which typically ranges around 0.20-0.25%, although there is a trend of more exchanges moving towards even lower fees (for example, 0.10%).
Withdrawal Fees on CoinEx
The CoinEx withdrawal fee is 0.0001 BTC for each withdrawal in BTC. This fee is significantly lower than the industry average. The last time we at Cryptowisser conducted a detailed empirical study, the average withdrawal fee for BTC in the industry was approximately 0.0004599 BTC for each withdrawal in BTC. Thus, 0.00001 BTC is clearly much lower than 0.0004599 BTC.
Overall, the fee levels on the CoinEx exchange are in line with or even slightly below the industry average.
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