CoinW (CoinW Exchange) Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 0.001 BTC
- TradingView
- The fees reduce when trading volumes grow
- one can invest in venture projects
- there is a favorable referral program
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 0.001 BTC
- TradingView
- The fees reduce when trading volumes grow
- one can invest in venture projects
- there is a favorable referral program
Our Evaluation of CoinW
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
CoinW is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 4.88 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by CoinW clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
CoinW is one of the most requested crypto exchanges in the world and it’s equally popular in the U.S., Europe, and Asia. This platform has over 7 million active users attracted by the variety of trading instruments, unique investment solutions, and the high stability of its web platform and mobile version.
Brief Look at CoinW
CoinW is a popular cryptocurrency exchange with headquarters in the British Virgin Islands. It provides services in 120 countries and has been fully translated into the world’s major languages, including English and Chinese. One can make deposits in U.S. dollars, Korean wones, Chinese yuans, and Vietnamese dongs. Cryptocurrencies are traded only for other cryptos, including Bitcoin, Litecoin, Ether, and hundreds of other altcoins. The mining pool is constantly increasing. Besides cryptocurrencies themselves, the exchange offers cryptocurrency futures and exchange-traded funds (ETFs). The fees are about average in the market and can be additionally reduced as trading volumes increase. CoinW also offers a variety of solutions for mining and staking, including hybrid programs with high interest rates up to 20%. The platform also allows large investors to participate in venture projects at the Bigtime and Memusic levels. A favorable referral program is available.
- Bitcoin and hundreds of altcoins are traded on the platform, and the number of assets is constantly increasing;
- At the first trading level, takers and makers pay a 0.2% fee, which reduces as the trading volume grows;
- There are dozens of cloud mining and staking programs with optimized risks;
- One can trade cryptocurrencies, futures, and ETFs on the same platform;
- Trading is available in the TradingView browser or the exchange’s proprietary mobile app;
- Under the referral program, invited users get 500 USDT, and their inviters get 1 USDT for each transaction made by the referrals;
- The exchange offers large investors to invest in high-yield venture projects.
- This exchange provides many instruments but there is no crypto-fiat trading, only crypto-crypto;
- CoinW doesn’t have a call center, and technical support can only be contacted through Telegram, Twitter, or LiveChat;
- To get the lowest possible fee, you need to trade rather actively.
TU Expert Advice
Financial expert and analyst at Traders Union
The CoinW cryptocurrency exchange was launched in 2017, and, to this day, there have been no reports of unsolved conflict situations with clients. The exchange has a license from the British Virgin Islands where its head office is registered. CoinW officially operates in 120 countries. Based on its own estimates, it currently has over 7 million active users, which is among the top-rated exchange platforms.
The platform’s highlight is its investment activity. CoinW offers dozens of staking and mining programs, many of which are permanent and have flexible conditions. Under some programs, users can add or withdraw deposits at any time. The interest rates are average, around 5-20%, but CoinW has a high level of diversification of financial risks. All of this attracts many investors. This exchange has helped to promote over 400 successful startup companies to the global arena.
Trading conditions are average. The main plus is a huge number of cryptocurrency instruments. Users can trade not only coins but also futures for cryptocurrencies and ETFs. Deposits can be made in crypto and basic fiat currencies. There are no fees for deposits, and withdrawal fees are favorable. Trading fees are below average. If the trading volume is 86 800 CWT (the platform’s native token) or more, the fee reduces to 0.01% in 30 days.
Unfortunately, the platform doesn’t offer crypto-fiat pairs. Another drawback is the absence of a call center or email support. But the exchange has a good help section where users can find answers to most exchange questions. The referral program has rather favorable terms. The invited user receives a one-time payment of 500 USDT to his account, and the inviter permanently gets 1 USDT for each transaction of the referral. Also, for those who actively invite users to the platform, there is a regular giveaway of 2,000 USDT.
Based on the above factors, this exchange can be recommended to active novice traders and investors of different levels.
- You value security, as CoinW emphasizes its commitment to security with measures such as cold storage for most user funds, multi-signature wallets, and regular security audits. These features provide added peace of mind for users concerned about the safety of their funds.
- You prefer a user-friendly platform, as CoinW offers both a mobile app and a web-based platform designed to be user-friendly, even for beginners. This makes it easier for users to navigate the platform and execute trades with confidence.
- You are a US citizen, as CoinW is not available to US citizens. So, if you reside in the US, you won't be able to use this exchange for trading cryptocurrencies.
- You are looking for the lowest fees, as CoinW's fees are higher compared to some other cryptocurrency exchanges.
- You require the ability to trade cryptocurrencies against fiat currencies. CoinW may not be suitable for your needs as it only offers crypto-to-crypto trading pairs.
CoinW Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | TradingView |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | U.S. dollars, Korean wones, Chinese yuans, Vietnamese dongs, and cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Bank cards, credit cards, cryptocurrency wallets, and electronic payment services |
| 🚀 Minimum deposit: | 0.001 BTC |
| ⚖️ Leverage: | Up to 1:20 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | No |
| ⭐ Trading features: | The fees reduce when trading volumes grow; one can invest in venture projects; there is a favorable referral program |
| 🎁 Contests and bonuses: | Yes |
The fees offered to traders by the CoinW exchange are among the lowest in the market. But generally, this platform’s trading conditions can be assessed as the market average. To explain this statement, the table below provides the basic characteristics of the exchange.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | Starting at $4 | Yes |
The CoinW exchange has only one account type and doesn’t offer demo or premium accounts. There are no charges for deposits, although they may be collected by external services. Withdrawal fees depend on the asset type. For example, for Litecoin, the withdrawal fee is 0.019 LTC, and for Monero, it’s 0.012 XMR. The table below contains data on three competing exchanges that clearly show how favorable CoinW’s fees are.
| Broker | Average commission | Level |
|---|---|---|
|
$4 | |
|
$20 | |
|
$0.1 |
Investment Options
The main pool of the platform’s investment solutions consists of standard staking programs. There are different kinds of programs with fixed, flexible, and hybrid conditions. But what makes CoinW different from other platforms are the unique offers for the exchange’s proprietary wallet HyperPay. This wallet has built-in functions for investing in various cryptocurrencies that use the PoS protocols. And one can earn passive income by keeping the funds in the wallet without risks.
How does staking work?
Staking is an alternative to mining that doesn’t require large computing capacities. In mining, you get new coins by processing transactions. In staking, to get new coins, you first must already have coins to invest. Investors can make money by providing their funds to the staking pool at interest. Besides that, many startup companies take out development loans in PoS cryptocurrencies and pay deposit interests to investors in variable or fixed periods.
Examples of current staking programs:
DOGE mining; deposits are made for 21 or 42 days; adjustable interest rates of 3-7%; the program is permanent;
SUN mining; deposits are made for variable periods; adjustable interest rates of 5-7%; the program is permanent;
USDT/MATIC hybrid mining; deposits are made for 42 days; adjustable interest rates of 15-18%.
The company has a division called CoinW Ventures, which works with large venture projects. Any registered and verified user, irrespective of their activeness and trading volumes, can invest in CoinW Ventures. Long-term large investments are discussed individually. The leading projects of this division include Tradelize, AMARA, ClearDao, Oort Digital, and others.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
CoinW’s affiliate program
Every registered trader receives a unique referral link that he can use to invite other traders. An invited user gets a one-time payment of 500 USDT and brings 1 USDT to the link’s owner with every transaction by the invitee.
User Satisfaction