CoinW Overview
In this CoinW Review, we explore the cryptocurrency exchange founded in 2017 by David Bai, who also serves as CEO. Headquartered in Dubai, UAE, CoinW supports over 100 countries and has attracted more than 5 million users. Its trading activity includes a 24-hour spot volume of $722.88 million and a futures volume of $14.49 billion, totaling $15.21 billion. The platform operates without mandatory KYC, appealing to traders who value privacy.
CoinW has no native token, unlike some competitors. It restricts access in numerous countries, including the United States, China, and Japan. A $1,000 bonus welcomes new users, providing a modest boost to start trading. The platform’s global reach and high trading volume set the stage for a closer look at its offerings.
Where CoinW Stands Out
CoinW grabs attention with its support for new memecoins and a no-KYC policy, perfect for traders hunting fresh opportunities. The platform offers over 450 cryptocurrencies, including emerging tokens, making it a hotspot for altcoin enthusiasts. With no KYC required, users can withdraw up to 2 BTC daily without sharing personal details. An OTC desk caters to institutional clients and high-volume traders, adding a professional edge.
Advanced spot order types, like Trailing Stop and Iceberg, give traders precise control. The platform’s user-friendly interface is a plus for all levels. However, higher spot fees at 0.20% and restrictions in many countries may deter some. CoinW’s focus on memecoins and privacy makes it a unique player in the crypto space.
CoinW Pros & Cons
| ✅ CoinW Pros | ❌ CoinW Cons |
|---|---|
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Signup & KYC
Signing up for CoinW is a quick process, with no KYC needed to get started. Users can sign up with an email and withdraw up to 2 BTC daily without verification. Level 1 KYC, requiring name and ID details, maintains the same limit, while Level 2 adds video verification for higher withdrawals. A $1,000 bonus gives new traders a starting push.
Level 2 KYC allows up to 10 BTC daily, and Level 3, with address verification, permits 100 coins. The no-KYC option keeps things private for smaller traders. CoinW’s tiered system offers flexibility for different trading needs.
Withdrawal Limits
| KYC Level | Daily Withdrawal Limit |
|---|---|
| No KYC | 2 BTC |
| Level 1 KYC | 2 BTC |
| Level 2 KYC | 10 BTC |
| Level 3 KYC | 100 BTC |
CoinW Products, Features, & Services
CoinW provides a crypto-focused platform with spot and futures trading at its heart. It supports over 450 cryptocurrencies and 140 futures contracts, catering to a range of trading strategies. Copy trading helps users follow top traders, while P2P trading enables direct crypto swaps. Bot trading automates strategies for efficiency.
The platform’s interface is clean and easy to navigate, welcoming traders globally. An affiliate program offers a 40% commission, rewarding user referrals. Support is available 24/7 via live chat and email, though response quality varies. Fiat support includes RMB and USD, but transactions are primarily crypto-based.
An OTC desk serves institutional clients and high rollers, streamlining large trades. CoinW’s memecoin focus attracts traders chasing new tokens. The platform’s no-KYC policy and bot trading add flexibility, but futures trading lags due to fewer contracts. It’s a solid pick for altcoin and memecoin traders.
CoinW Supported Assets
CoinW supports over 450 cryptocurrencies for spot trading, including Bitcoin, Ethereum, and emerging memecoins, ideal for altcoin traders. Futures trading offers 140 contracts, settled in USDT, with up to 200x leverage, a strong draw for risk-takers. No native token exists, unlike some platforms. Stocks, commodities, forex, and options trading are not available, keeping the focus on crypto.
No margin trading is offered for spot, limiting leverage options. CoinW’s asset range, especially its memecoin support, caters to traders seeking new opportunities. The platform’s futures leverage adds firepower for those diving into derivatives.
CoinW Trading Options
CoinW delivers spot and futures trading, with a 24-hour spot volume of $722.88 million and a futures volume of $14.49 billion. It supports over 450 cryptocurrencies for spot trading and 140 futures contracts, offering solid variety. Futures trading includes up to 200x leverage, attracting those chasing big swings. Copy trading lets users mirror skilled traders, great for those starting out.
P2P trading supports direct crypto exchanges, adding flexibility. Bot trading, with tools like Grid and Martingale, automates strategies for efficiency. No stocks, commodities, forex, options, or demo trading are supported, so it’s crypto-only. The interface is smooth, with real-time charts and order books.
Spot trading benefits from advanced order types, giving traders precise control. Futures trading is robust but limited by fewer contracts and order types. The OTC desk handles large trades for institutions and whales, a pro for high rollers. CoinW’s memecoin focus draws traders hunting the next big token, while bot trading streamlines repetitive tasks. The platform suits altcoin and futures traders, though spot fees may pinch.
Unfortunately, CoinW does not offer demo trading.
Spot Trading
CoinW’s spot trading supports over 450 cryptocurrencies, from major coins to new memecoins. The 24-hour spot volume of $722.88 million ensures decent liquidity. Without margin trading, leverage isn’t available, which may limit some approaches. The interface offers clear tools for tracking prices.
Supported order types include:
- Market orders
- Limit orders
- Conditional orders
- Advanced Limit orders
- Trailing Stop
- OCO (One Cancels the Other)
- Iceberg
These options give spot traders plenty of control, especially for memecoins.
Futures Trading
CoinW’s futures trading supports 140 contracts, with a $14.49 billion 24-hour volume, showing strong liquidity. Leverage up to 200x appeals to high-risk traders, with perpetual contracts for flexibility. The contract count is modest compared to larger platforms.
Supported order types for futures include:
- Market orders
- Limit orders
- Conditional orders
- Advanced Limit orders
- Take Profit/Stop Loss (TP/SL)
The limited order types may constrain advanced futures strategies.
Copy Trading
CoinW’s copy trading feature allows users to follow the trades of top performers. It’s easy to use, with clear stats to choose reliable traders. This tool helps beginners tap into expert strategies for spot and futures markets.
On CoinW, users can not only copy trade on the futures market but also on the spot market. This is great for users seeking lower risk copy trading without the use of leverage.
Copy trading at CoinW comes with a profit share ratio of 12%. That means, if the trader you copy earns you $100, you would give him $12 as compensation.
Bot Trading
CoinW offers bot trading to automate spot trading strategies. CoinW also offers a Bot Marketplace where users can analyze the performance of bots from other users. If you like the performance of a bot on the marketpalce, you can simply copy the parameters and directly start your automated trading journey.
Available trading at CoinW bots include:
- Grid
- Autoinvest
- Combo
- CTA
- Martingale
These bots streamline trading, especially for altcoin and memecoin markets.
CoinW Trading Fees
CoinW charges 0.20% for both spot maker and taker fees, higher than many platforms. Futures fees are 0.04% for makers and 0.06% for takers, reasonable for derivatives trading. These fees apply across all pairs, with no token-based discounts. The higher spot fees may weigh on frequent traders, but futures fees are more competitive.
| Fee Type | Maker Fee | Taker Fee |
|---|---|---|
| Spot Trading | 0.20% | 0.20% |
| Futures Trading | 0.01% | 0.06% |
Spot Trading Fees
Spot fees are 0.20% for makers and takers, consistent for all cryptocurrencies. These are on the steep side for spot trading as the industry average for spot trading is around 0.1% for makers and takers.
Futures Trading Fees
Futures fees are 0.01% for makers and 0.06% for takers. These rates support cost-effective futures trading, though leverage can add costs. Especially the futures maker fees are low at only 0.01%.
CoinW Deposits & Withdrawals
CoinW supports fiat currencies like RMB and USD, but transactions lean heavily on cryptocurrencies. Available deposit methods include:
- Cryptocurrencies
- Credit Card
- Debit Card
Withdrawals are crypto-only. Deposit fees are $1 for TRC20 networks and $5 for Ethereum; withdrawal fees vary by blockchain.
No KYC users can withdraw up to 2 BTC daily, unchanged with Level 1 KYC. Level 2 KYC allows 10 BTC, and Level 3 permits 100 coins daily. The crypto focus speeds up transactions, but limited fiat support may frustrate some. The tiered withdrawal limits offer flexibility for active traders.
CoinW Deposit Methods & Fees
| Method | Fee |
|---|---|
| Cryptocurrencies (TRC20) | $1 |
| Cryptocurrencies (Ethereum) | $5 |
| Credit Card | Data unclear |
CoinW Withdrawal Methods & Fees
| Method | Fee |
|---|---|
| Cryptocurrencies (TRC20) | $1 |
| Cryptocurrencies (Ethereum) | $5 |
CoinW Customer Support
CoinW offers 24/7 support via live chat and email, addressing account, trading, and technical issues. The support team has a low 1/10 rating, suggesting slow or inconsistent responses. Language support details are unclear, but the global user base implies multiple options. Traders may need patience when seeking help.
CoinW Security & Regulations
CoinW holds a moderate safety rating but lacks clear regulatory licenses. Based in Dubai, it faces restrictions in many countries, including the US. No major security breaches are reported, which is a positive sign. The platform uses standard security measures to protect user assets. What we like about CoinW is its “risk fund” where they add a portion of the generated trading fees on a daily basis.
Exchange Security & Regulations
CoinW employs two-factor authentication, encryption, and cold storage to safeguard funds. Without specific licenses, regulatory oversight is minimal, so traders should check local laws. The absence of reported hacks suggests reliable security practices.
Account Security
Account security includes 2FA via email or apps and encrypted data transfers. Activating 2FA is essential to protect against unauthorized access, keeping accounts secure.
CoinW Alternatives
CoinW, Bitunix, Bitget, and WEEX target altcoin and futures traders, but each brings something different. CoinW’s no-KYC policy, 450+ coins, and $14.49 billion futures volume suit memecoin hunters, though its 0.20% spot fees are steep. Bitunix, also no-KYC, offers 510+ coins and $6.4 billion in futures volume, with lower 0.10% spot fees, better for spot trading. Bitget requires KYC, supports 871+ coins, and has $12.45 billion in futures volume, ideal for deeper liquidity. WEEX, no-KYC, boasts 1,070+ coins and 400x leverage, with $6.09 billion in futures volume, excelling for high-risk futures.
CoinW and Bitunix are strong for altcoin trading due to no-KYC flexibility, while Bitget’s KYC and WEEX’s leverage edge cater to different needs. CoinW’s higher spot fees make it less ideal for spot trading, but its OTC desk adds value. Here’s how they compare:
| Feature | CoinW | Bitunix | Bitget | WEEX |
|---|---|---|---|---|
| Spot Fees (Maker/Taker) | 0.20%/0.20% | 0.10%/0.10% | 0.10%/0.10% | 0.10%/0.10% |
| Futures Fees (Maker/Taker) | 0.04%/0.06% | 0.02%/0.06% | 0.02%/0.06% | 0.02%/0.08% |
| Coins | 450+ | 510+ | 871+ | 1,070+ |
| KYC | Not required | Not required | Required | Not required |
| Bonus | $1,000 | $5,500 | $20,000 | $20,000 |
| Futures Volume | $14.49B | $6.4B | $12.45B | $6.09B |
| Headquarters | Dubai, UAE | Dubai, UAE | Singapore | Singapore |
| Users | 5M+ | 1M+ | 8M+ | 5M+ |
Conclusion
CoinW offers over 450 cryptocurrencies, with a focus on memecoins, and a $14.49 billion futures volume, ideal for altcoin and futures traders. Its no-KYC policy allows 2 BTC daily withdrawals, and spot fees are 0.20%, while futures fees are 0.04%/0.06%. Advanced spot order types and an OTC desk cater to precise and high-volume trading, but high spot fees and country restrictions are drawbacks. The $1,000 bonus is modest but helpful.
The platform’s strengths include bot trading, copy trading, and a clean UI, making it accessible yet powerful. Limited fiat support and fewer futures contracts hold it back, and poor support responsiveness is a concern. Since 2017, CoinW has built a niche for memecoin traders and those seeking privacy. It’s best for altcoin enthusiasts who can navigate its higher fees and restrictions.
FAQ
Q: Is KYC required on CoinW?
A: No, KYC is optional, with up to 2 BTC daily withdrawals without verification.
Q: What are CoinW’s spot and futures fees?
A: Spot fees are 0.20% for makers and takers. Futures fees are 0.04% for makers and 0.06% for takers.
Q: Is CoinW available in the US?
A: No, CoinW is restricted in the United States, per its terms.
Q: How many coins can be traded on CoinW?
A: CoinW supports over 450 cryptocurrencies for spot trading and 140 futures contracts.
Q: What leverage does CoinW offer?
A: CoinW offers up to 200x leverage for futures trading.
Q: What makes CoinW unique?
A: CoinW supports new memecoins, offers advanced spot order types, and provides an OTC desk for large trades.
