CoinW Trading Signals - TU Expert review

Updated: December 01, 2023

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

Official CoinW
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CoinW Trading Signals

Information

At the start, for takers and makers, the trading fee is 0.2% of the transaction amount. The fee reduces as the trading volume increases. The trading volume in CWT (the exchange’s own token) is calculated based on transactions made within the last 30 days. For instance, if a trader gets over 2 680 CWT in a month, his fee will be 0.12%, and if his trading volume is 86 800 CWT or more, then the fee will be just 0.01%

Account type	Spread (minimum value)	Withdrawal commission
Standard	Starting at $4	Yes

What are trading signals?

Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.

A broker can provide signals in several ways:

Copy trading.
Email alerts.
Signals through a blog on the website.
Recommendations of a personal manager, etc.

When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.

Short introduction of 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.

💰 Account currency:	U.S. dollars, Korean wones, Chinese yuans, Vietnamese dongs, and cryptocurrencies
🚀 Minimum deposit:	0.001 BTC
⚖️ Leverage:	Up to 1:20
💱 Spread:	Market
🔧 Instruments:	Cryptocurrencies
💹 Margin Call / Stop Out:	No

CoinW Pros and Cons

👍 Advantages of trading with CoinW:

•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.

👎 Disadvantages of CoinW:

•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.

Conclusion

Based on the results of the analysis, Traders Union analysts have concluded that CoinW does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.

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FAQs

Can I reject a trading signal?

Yes, you can. However, if the signals are provided as a part of copy trading with automatic closing of positions, you need to monitor the platform.

Do I need to test trading signals before subscribing to them?

Most definitely yes. Make sure that the signals do work and are effective.

Are there fees charged for trading signals?

Yes. As a rule, the fee is charged as a markup to the spread, or it could be a subscription fee, or a percentage of the profit, etc.