CoinW offers Futures, Spot, and OTC trading on 1000+ crypto assets. The company also offers various investment plans, from simple HODL to structured products. The exchange provides trading with a leverage of up to 200x and a native token [CWT]. Also, a CoinW Card service is available for users.
Security measurements such as anti-DDoS protection and a bug bounty program are taken for the safety of funds and data.
CoinW is an exchange with a $1M prize pool (Winning Legends Cup 2024)
CoinW (Is the Exchange Regulated?)
CoinW is located in Dubai, UAE, and was founded in 2017. The company has 16 Localized Trading Service Centers across 13 countries. The exchange has over 1000 employees from 30 nations. Key features of CoinW:
- Founded in 2017 in Dubai, UAE
- Over 7 million users globally
- 1,000+ listed crypto tokens
- 500+ spot trading pairs
- Up to 1:200 leverage
- Licenses across multiple jurisdictions, including Poland, Saint Vincent and the Grenadines, the USA, Taiwan, and Australia
Note that despite the exchange’s claims about having multiple licenses, there is no clear evidence of such documents.
CoinW Summary of Specifications
The Crypto exchange provides services in 120+ countries and has 300+ qualified projects. Let’s see other features that make CoinW stand out.
Exchange | CoinW |
Launch Date | 2017 |
Levels | VIP 1 – VIP 6 |
Trading Fees | Spot 0.2% Futures maker 0.01% / taker 0.06% |
Restricted Countries | Afghanistan, Algeria, Bahamas, Bangladesh, Bolivia, Botswana, Burundi, China (Mainland), Cambodia, Canada, Congo, Crimea, Cuba, Egypt, Ethiopia, Ghana, Hong Kong, Japan, Iran, Iraq, Lebanon, Libya, Mali, Myanmar, Morocco, Nepal, Nicaragua, North Korea, Pakistan, Panama, Qatar, Singapore, Somalia, Sri Lanka, Sudan, Syria, Tunisia, the United States, Venezuela, Asia Door, Zimbabwe |
Supported Coins | 1000+ |
Futures Trading | Yes |
Minimum Deposit | Variable based on the Currency |
Deposit Methods | Crypto, Fiat |
Withdrawal Methods | Crypto |
Maximum Leverage | 1:200 |
Minimum Trade Size | Variable based on the currency |
Security Factors | Identity Verification, Account Integrity, Cold Storage, Anti-DDoS Protection, Bug Bounty Program |
Services | Affiliate, Earn services, CoinW card, Trading tournament |
Customer Support Ways | Chat Bot, Ticket, Telegram Community |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | N/A |
Native Token | CWT |
CoinW Exchange Pros & Cons
The company boasts 24/7 support, diverse markets P2P/OTC and Futures), and dedicated trading bots. However, CoinW surely has downsides too.
Advantages | Disadvantages |
A wide range of trading options | Not available in the United States |
User-friendly interface | Relatively new |
No security breaches in more than 5 years | Limited information on regulatory compliance |
Copy trading feature for beginners | - |
CoinW User Levels
CoinW operates a tiered VIP system determined by a user's 30-day trading volume and holdings of the native CoinW Token (CWT). Advancing through the VIP levels offers benefits, including reduced trading fees and priority access to services.
Level | Price (CWT) |
VIP1 | 0 |
VIP2 | 680 |
VIP3 | 2,680 |
VIP4 | 12,800 |
VIP5 | 38,600 |
VIP6 | 86,800 |
CoinW Fees and Commissions
The company has a simple approach to trading costs. While the maker/taker rate for Spot trading is 0.2%, Futures come with a 0.01% fee for the maker and a 0.06% commission for the taker. However, the exchange reduces the Spot trading costs based on your user level.
Level | Price (CWT) | Taker Fee | Maker Fee |
VIP1 | 0 | 0.2% | 0.2% |
VIP2 | 680 | 0.15% | 0.15% |
VIP3 | 2,680 | 0.12% | 0.12% |
VIP4 | 12,800 | 0.09% | 0.09% |
VIP5 | 38,600 | 0.06% | 0.06% |
VIP6 | 86,800 | 0.01% | 0.01% |
Available Coins on CoinW
Available cryptocurrencies must be discussed in all CoinW reviews. The exchange has listed over 1,000 digital tokens and frequently updates them with new listings.
In order to buy crypto, you must first navigate to the P2P market on the CoinW website and purchase USDT, then proceed to the Spot section, where you can purchase your preferred token. Some of the most popular assets available on CoinW:
- Bitcoin (BTC)
- Ethereum (ETH)
- Binance Coin (BNB)
- Ripple (XRP)
- Dogecoin (DOGE)
The minimum purchase requirement on CoinW’s spot market is typically around 2 USDT, although this threshold may vary depending on the specific cryptocurrency being traded.
CoinW Futures and Margin Trading
CoinW provides a comprehensive Futures market with leverage options of up to 1:200 and 110+ perpetual contracts, including:
- APE/USDT
- ATOM/USDT
- BCH/USDT
- BNB/USDT
- DOGE/USDT
- ETC/USDT
- ETH/USDT
- LTC/USDT
CoinW Signup Guide
To open an account, verify your account with CoinW exchange, follow the steps provided below:
#1 Enter the CoinW Official Website
First, search for CoinW on your browser and access the official website. Then, click on the "Register" button.
#2 Use your Email or Phone to Signup
Enter your phone number or email in the designated field and accept the platforms terms and conditions.
#3 Verify Your Phone Number or Email Address
The exchange now sends you a verification code via email or SMS. Enter it to continue the process.
Now, set a strong and unique password to safeguard your account.
CoinW Verification
To comply with AML laws, CoinW requires all traders to complete Basic and Primary verifications. The required information and documents for this process include:
- Full name
- Country of residence
- Date of birth
- Gender
- Proof of Identity: Passport, ID card, or driver's license
- Proof of Address: Utility bill or bank statement
CoinW Exchange Trading Platforms
The company offers a proprietary platform with access to TradingView indicators and charts for various operating systems and devices, including:
- CoinW Android
- CoinW iOS
- Windows
- Mac
- Web
CoinW Security Measures to Protect Users' Data and Funds
CoinW implements several security measures to safeguard user assets and information, including:
- Identity Verification: Cell phone verification code, Google Authenticator, Twilio, or U2F security key
- Account Integrity: Recording IP data of each customer and wrong password notification
- Cryptocurrency storage: Using MPC (Multi-Party Computing) wallet for on-chain transactions, a military-grade security chip, and offline cold storage
- Anti-DDoS Protection: Measures in place to prevent distributed denial-of-service attacks
- Bug Bounty Program: Rewards for identifying and reporting security issues
What Payment Methods Are Available on CoinW?
CoinW reviews must discuss deposit and withdrawal options. The exchange supports 20+ fiat currencies and lots of tokens for deposits via HyperPay. However, it only provides crypto withdrawals.
Note that the minimum amount differs based on the token you select. While deposits come with zero commissions, blockchain fees may apply to withdrawals.
CoinW Reviews and Trust Score
The company has garnered mixed reviews across multiple reputable review platforms. While TrustPilot users give CoinW an average score, experts in CoinGecko rate it as a trustworthy exchange.
Reviews.io | 2.4 out of 5 based on 145 comments |
3.2 out of 5 based on 76 reviews | |
CoinGecko | 8 out of 10 |
CoinW Features
The table below provides important information about the available services and features on the CoinW exchange.
Feature | Availability |
Staking | No |
Yield Farming | Yes |
Social Trading | Yes |
Liquidity Pool | Yes |
Gift Card | Yes |
CoinW Customer Support
The company boasts 24/7 support through two main channels: a chat bot and a ticket system. However, the lack of phone and email support may be disappointing for potential clients. Note that there are many complaints about CoinW’s poor customer support.
Chat Bot | Available on the official website |
Ticket | Via the contact form |
Telegram Community | https://t.me/coinwoff |
Copy Trading and Growth Plans on CoinW Exchange
The company offers Spot/Futures copy trading and various growth plans to help users maximize their earnings.
- 64,924 copy traders with a total profit of 37.76M USDT
- Long-term and short-term strategies
- Daily rewards on free assets
- Auto invest plans with customizable margin allocation and schedule
- Stacking pools (Lucky HODL program)
Prohibited Countries on CoinW Exchange
While the company is available in many countries, it is prohibited in some jurisdictions due to regulatory requirements. Red flag countries on CoinW:
- Afghanistan
- Algeria
- Bahamas
- Bangladesh
- Bolivia
- Botswana
- Burundi
- China (Mainland)
- Cambodia
- Canada
- Congo
- Crimea
- Cuba
- Egypt
- Ethiopia
- Ghana
- Hong Kong
- Japan
- Iran
- Iraq
- Lebanon
- Libya
- Mali
- Myanmar
- Morocco
- Nepal
- Nicaragua
- North Korea
- Pakistan
- Panama
- Qatar
- Singapore
- Somalia
- Sri Lanka
- Sudan
- Syria
- Tunisia
- United States
- Venezuela
- Zimbabwe
CoinW Compared with Other Exchanges
To better understand the quality of services on the CoinW exchange compared to other platforms, we suggest checking the table below.
Parameters | CoinW Exchange | |||
Number of Assets | 1000+ | 700+ | 2500+ | 10000+ |
Maximum Leverage | 1:200 | 1:125 | 1:100 | 1:125 |
Minimum Deposit | Variable based on the Currency | Varies by Cryptocurrency | Varies by Payment Method | $15 |
Trading Fees | Spot 0.2% Futures maker 0.01% / taker 0.06% | 0.02% | From -0.005% Maker, 0.025 Taker | 0.1% |
Mandatory KYC | Yes | No | Yes | Yes |
Futures Trading | Yes | Yes | Yes | Yes |
Mobile Application | Yes | Yes | Yes | Yes |
Fiat Payment | Yes | Yes | No | Yes |
Staking | No | Yes | Yes | Yes |
Copy Trading | Yes | Yes | Yes | Yes |
Writer's Opinion and Conclusion
CoinW provides a full suite of trading services, including Spot, Futures, P2P, OTC, copy trading, and Staking on 1000+ crypto assets like BTC, ETH, and LTC. CoinW exchange offers its proprietary trading platform on Android, iOS, Mac, windows, and the web.
However, the lack of good customer support has resulted in a low trust score and many negative CoinW reviews on reputable websites like Trustpilot. On the other hand, though, it has received a high evaluation score of 8/10 on CoinGecko.