An overview of the CoinW Exchange 2024: Functions, Fees, Pros & Cons.

As one of the most preferred cryptocurrency exchanges globally, CoinW has equal popularity in the United States, Europe, and Asia. Because of the wide range of trading instruments, unique investment solutions, and the high stability of its web platform and mobile version, it has attracted over 7 million active users.

Let’s discuss with Betomon what are the unique features of CoinW and why it is regarded as a reputable cryptocurrency exchange.

What is CoinW?

CoinW will cater to traders at every stage of their journey whether you’re a beginner or an experienced trader owing to its versatility, which is one of its standout features. The platform ensures a seamless onboarding experience for new users by providing a user-friendly interface and a range of over-the-counter (OTC) and third-party payment options. In addition, skilled investors may maximize their trading potential by investigating advanced instruments and services.

Founded in 2017 by a combination of experts in cryptocurrency, cybersecurity, and finance, CoinW is an exceptional example of a truly international and professional organization, employing over 1,000 talented individuals from 30 different countries.

Is CoinW Legit or a Scam?

CoinW presently holds a range of prestigious financial licenses, including the SVGFSA license, the USA’s MSB license, the Lithuanian license, the Canada MSB license, and Singapore’s MAS license. These licenses are gained in different countries and regions, demonstrating CoinW’s dedication to regulatory compliance and security for users.

Competitive Fees and Diverse Portfolios

The reasonable price structure of CoinW is one of its greatest features. CoinW seems to be an inexpensive choice for traders as it offers a trading charge as low as 0.1% for spot trading. Moreover, CoinW provides a wide variety of support with over 300 tokens on Spot and 40+ pairings on the Future crypto market. This diversity provides consumers with multiple options and possibilities to explore various investing portfolios.

Welcome User Bonus feature of CoinW

A user may earn free money by completing specific tasks in different bonus activities on the CoinW exchange after signup. Users may look for available missions and tasks, such as the Future Mission, Novice Mission, and New-listing Mission, at the Mission Center.

Banking Products on CoinW

The banking products offered by CoinW are widely recognized in the cryptocurrency field, they operate in 182 countries and support more than 100 different currencies. Accepting over 100 cryptocurrencies, CoinW provides a wide selection of financial strategies, including fixed-term, flexible, single-asset, dual-asset, and mixed banking products that meet every type of need. Users may leverage their cryptocurrency assets and generate stable profits with these competitive banking rates.

Besides, customers may link directly to their Hyperpay cards with their Hyperpay wallet via Hyperpay Inter-transfer if they have one. This connection requires no fees and transfers proceed quickly via one click.

To purchase cryptocurrency on CoinW, a user only needs to visit the P2P trading or quick buy sections, choose the preferred supplier, and complete the payment process. However, consumers must complete their KYC verification before making a purchase.

In order to receive a better quote, you can purchase cryptocurrency directly from sellers for a minimum of $50,000 through CoinW’s OTC Desk.

Copy Trading on CoinW

Another special feature of CoinW allows users to choose to copy the trading methods of many successful traders. The direction, price, and leverage of the orders placed by the chosen traders are automatically matched by the system. Because of this, customers can take advantage of profitable transactions without having to continuously monitor changes in the market.

CoinW is currently organizing an event whereby they are giving away total 30,000 USDT in Futures Bonuses, which includes loss compensation. Every member who participates in Copy Trading may get a special bonus of up to 500 USDT. This program assures that consumers do not have to worry about any losses suffered during Copy Trading.

Users must have a copy trading volume of at least 50,000 USDT and losses exceeding 50 USDT throughout the event in order to be able to receive the loss compensations. This event gives consumers a safety net to reduce potential losses as well as encourages them to investigate the advantages of copy trading.

CoinW VIP Program

CoinW offers a VIP program with many benefits for trading, CoinW’s ecosystem, and user value improvement. VIPs are rewarded with significant rewards for inviting referrals,  free spot transaction fees, substantial contract transaction fee refunds and special interest rate financing. They also get access to higher withdrawal limits and special FansUp SGD quotas.

VIPs have the availability of special trading opportunities, personal OTC channels, and the opportunity to join CoinW as Global Partners. They may also obtain research from the CoinW Research Institute, participate in offline meetings and receive personalized industry and trading reports. Gifts for birthdays and holidays are also granted to VIPs, offering a comprehensive package of benefits to enhance their experience.

Embarking on New Ventures with CoinW Launchpad

CoinW Launchpad is an excellent option for anyone looking for early access to promising projects. Having USDT or CWT allows you access to exclusive premium projects. This specific function indicates the commitment of CoinW to provide consumers with up-to-date opportunities for expansion and diversification.

Navigating the Markets with Copy Trading and Advanced Tools

Using CoinW’s collection of trading tools, customers could benefit in the constantly changing cryptocurrency market. The advanced functions available to customers include copy trading, grid trading, leverage trading, stop-loss orders, and trailing stop orders. These technologies assist traders in controlling risk, capitalizing on opportunities, and executing transactions accurately.

Community Forum

New traders may learn a lot from the lively community forum on CoinWait since many experts share their trade setups there.

Security and Customer Support

CoinW was created with security and customer support as its foundation. Users are reassured by the exchange’s commitment to strict safety regulations, including third-party audits and KYC requirements. Furthermore, worldwide users’ assets are guaranteed a secure and smooth experience with a strong risk management system, distributed server cluster, offline cold wallets, and 24/7 multilingual support.

Final words

To summarize, the reason for CoinW’s success is its steadfast commitment to maintaining high standards and its continuous search for creative concepts. CoinW has established an ideal organization for traders of all types by offering a variety of trading options, reasonable fees, unparalleled security, and user-centric support. CoinW’s ecosystem provides the tools and information that you need to explore the exciting world of cryptocurrencies, no matter your experience level.

Advantages of CoinW:

• Supports Bitcoin and many altcoins trading on the platform, and the number of assets is constantly increasing;
• Charges takers and makers of 0.2% at the first trading level, which decreases as the trading volume increases;
• Provides a variety of cloud mining and staking programs with optimized risks;
• Allows to trade cryptocurrencies, futures, and ETFs on the same platform;
• Supports in both the TradingView browser and the exchange’s mobile app;
• Offers the referral program, in which invited users can receive 500 USDT, and their inviters can receive 1 USDT;
• Accepts large investors to invest in venture projects with high yield

Disadvantages of CoinW:

• Offers a wide range of instruments but only accepts crypto-crypto trading and does not support crypto-fiat trading;
• Doesn’t provide a call center, and technical support can only be reached via Telegram, Twitter, or LiveChat;
• Requires you to trade rather actively in order to get the lowest possible fee;

Frequently Asked Questions (FAQs)

What is CoinW?

CoinW Exchange, founded in 2017, is a leading trading platform in the world with over 9 million users. It provides plenty of services including futures trading that are intended to satisfy the different needs of traders globally.

Is CoinW Legit?

Certainly, It holds a license from British Virgin Islands jurisdiction. CoinW has a broad and controlled presence in the international market through official operations in more than 200 nations.

Where is CoinW based?

CoinW is located in Dubai.

Is CoinW Legal in the US?

Yes, CoinW is now legal in the US, but please note that this might change in the future owing to changes in laws and regulations.

Is copy trading allowed in CoinW?

Yes, you can apply copy trading.

What is the maximum leverage you can use in CoinW?

You can use leverage up to 1:200.

Instructions for using the CoinW exchange

Create an account

Step 1: Access the official website -> Click on “Register”.

Step 2: Provide your email, password and amail verification code -> Select “Register”.

Directions for KYC setting up.

Step 1: Choose “ID Verification”.

Step 2: In the “ID Verification” page -> Select “ Upgrade”.

Step 3: Click “Verify Now”.

Step 4: Select your nationality or region

Step 5: Enter your name, identification document information, date of birth then upload photo of identification document -> Select “Submit Verification” and wait for confirmation.

Directions for 2FA setting up.

Step 1: Click on “ID Verification”.

Step 2: Select “Bind” in the “Google Authentication” section.

Step 3: Use Google Authenticator or Authy application to scan the following QR code -> Enter Google Authentication Code and email authentication code -> Select “Link now”.

Trading on CoinW

Step 1: In the “Trade” section -> Select “Spot”.

Step 2: Place an order.

Conclusion

Although CoinW provides most of the necessary products for investors in the cryptocurrency market, its products and services still have many limitations when compared to current leading exchanges such as Binance and OKX.

Betomon hopes that this article would offers you some basic information about the CoinW exchange and the crypto industry. For more information, freely visit our website.

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