CoinW Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of CoinW trading signals. You will learn what kinds of trading signals CoinW offers and what the conditions for using them are.
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.
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.
CoinW Trading Signals
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 |
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.
- Moneta Markets Trading Signals
- KuCoin Trading Signals
- Tidex Trading Signals
- easyMarkets Trading Signals
- Forex.ee Trading Signals
- Thinkorswim by TD Ameritrade Trading Signals
- CoinMetro Trading Signals
- Tokocrypto Trading Signals
- Dukascopy Trading Signals
- ACY Securities Trading Signals
- BitForex Trading Signals
- 3Commas Trading Signals
- City Index Trading Signals
- Delta Exchange Trading Signals
- Bilaxy Trading Signals
- ClickTrades Trading Signals
- Binance Trading Signals
- XM Broker Trading Signals
- Windsor Brokers Trading Signals
- PrimeXBT Trading Signals
- M4Markets Trading Signals
- CMC Markets Trading Signals
- BFB Capital Trading Signals
- CGS-CIMB Securities Trading Signals
- ADSS Trading Signals
- Valutrades Trading Signals
- Colmex Pro Trading Signals
- Purple Trading Trading Signals
- FINAM Trading Signals
- BTSE Trading Signals
FAQs
Can I subscribe to several signal providers?
As a rule, brokers allow traders to do that. It is important to subscribe to several providers or newsletters, as it helps diversify the risks.
Can I lose money by trading signals?
Keep in mind that there are no ideal trading signals and trading signals may lead to a loss of funds. There are always risks.
Can trading signals be provided for free?
Brokers may offer free and paid trading signals.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.