Weex provides access to Crypto trading with a 0.1% fee for most spot contracts and a maker / taker rate of 0.02% / 0.08% for Futures market. Weex, represented globally by its ambassador Michael Owen, has partnered with Binance, The Times, and TradingView.
Weex; Company Information and Regulation
WEEX INTERNATIONAL EXCHANGE LTD was founded in 2018 in Singapore. The company holds licenses from US & Canada MSB, and has an average daily trading volume of 28.9B USDT.
The exchange has partnered up with some of the top players in the industry, such as Binance, CoinGecko, TradingView, and BTC.com.
Key features of Weex exchange:
- A protection fund of 1,000 BTC
- 1,000+ crypto trading pairs
- Up to 450,000 transactions per second
- Crypto Futures trading with leverage options of up to 1:200
Weex Table of Specifications
Up to 200 leverage, no-KYC trading, and a 20,000 USDT welcome bonus are some of the attractive features that the cryptocurrency exchange offers.
Key specifications of Weex:
Exchange | Weex |
Launch Date | 2018 |
Levels | Regular, VIP |
Trading Fees | Spot Maker / Taker (0.1% / 0.1%) Futures Maker / Taker (0.02% / 0.08%) |
Restricted Countries | the Democratic Republic of Korea, the Democratic Republic of the Congo, Iran, Libya, Somalia, South Sudan, Sudan, Yemen |
Supported Coins | 1,000+ |
Futures Trading | Yes |
Minimum Deposit | 1 USDT |
Deposit Methods | Bank Cards, AliPay, AlchemyPay, ChipPay, Apple / Google Pay, SEPA, Bank Transfer, iDeal, Crypto |
Withdrawal Methods | Crypto, PayPal |
Maximum Leverage | 1:200 |
Minimum Trade Size | Variable based on the trading pair |
Security Factors | Cold storage solution, Multi Factor Authentication (MFA), Advanced Encryption |
Services | Staking, Copy Trading, Affiliate |
Customer Support Ways | Live chat, Email, Telegram, Phone |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | Market |
Native Token | WXT |
Weex Crypto Exchange Pros & Cons
Like any exchange, Weex has its strengths and weaknesses. To make an informed decision, you should consider these factors.
Pros | Cons |
Competitive fees | Newer and complex platform |
The one-click copy trading feature | Geographic restrictions |
Diverse cryptocurrency offerings (1,000+) | Lack of transparency in regard to the management team |
Regulatory Compliance | - |
Weex Exchange User Levels
The exchange’s user level system is pretty simple and straightforward. It only offers two tiers, including the Regular and the VIP.
Key features of the Weex VIP program:
- 24/7 dedicated account manager
- Exclusive withdrawal channel supporting up to $400,000 per transaction
- First-hand trading signals
Weex Crypto Exchange Fee Structure
The company prides itself on offering some of the most competitive fees in the crypto market. Here's a detailed look at Weex’s fee structure.
Trading | Maker Rate | Taker Rate |
Spot | 0.10% | 0.10% |
Futures | 0.02% | 0.08% |
Note that spot trading on some pairs comes with zero fees, including ECET/USDT, JBC/USDT, TRUTH/USDT, AMAR/USDT, MEW/USDT, BCON/USDT, and 14 more pairs.
Which coins are available on the Weex exchange?
The Exchange offers over 1000 cryptocurrencies for trading and investment, catering to mainstream investors and those interested in emerging altcoins.
The most popular coins available on Weex:
- Bitcoin (BTC)
- Ethereum (ETH)
- Dogecoin (DOGE)
- Ripple (XRP)
- Shiba Inu (SHIB)
- Pepe (PEPE)
- Solana (SOL)
- Cardano (ADA)
- Polkadot (DOT
- Chainlink (LINK)
Does Weex Exchange Offer Futures and Margin Trading?
The Exchange offers both futures trading with leverage options up to 1:200. The offering caters to more advanced traders who seek to amplify their potential profits (while also increasing potential risks).
Key features of Weex futures trading:
- Leverage up to 1:200
- Assets diversity and flexibility
- Dual-layer manual risk management
- Mobile trading
Account Opening and Verification on Weex Crypto Exchange
Opening an account and completing the verification process on Weex Crypto Exchange is designed to be straightforward and secure.
- Navigate to the official website;
- Click “Sign Up”;
- Provide an email address and set a strong password.
We must mention in this Weex exchange review that the platform doesn’t require users to do a KYC procedure.
However, to activate more services on the platform, you can upload the required documents in the “Identity Verification” menu on your client dashboard. Weex KYC documents:
- Proof of Identity: Passport or driver’s license
- Proof of Address: Utility bill or bank statement
Weex Exchange Trading Platforms
The exchange offers its own platform for trading spot and futures on mobile devices (only supports Futures Pro) and web browsers. Advanced charting tools, fast order execution, and 1000+ currencies are some of the features this app offers. Weex application’s download links:
Security of Data and Funds on Weex Exchange
Security measures may be the most important topic on this Weex exchange review. According to the latest news from CoinTelegraph, crypto hackers have stolen $750M in third quarter of 2024. This indicates a 9.5% surge in losses, hence the importance of security measures.
The company prioritizes security, implementing a multi-layered approach to protect user data and funds.
However, they don’t have a “Bug Bounty” program. Key security measures on Weex:
- Advanced Encryption
- Cold Storage
- Multi-factor Authentication (MFA)
- 1000 BTC Reserve Fund
Weex Payment Methods
While the company only supports crypto and bank transfers for withdrawals, it offers a variety of deposit options to cater to the diverse needs of its global user base, including:
- Bank Cards
- AliPay
- AlchemyPay
- ChipPay
- Apple / Google Pay
- SEPA
- Bank Transfer
- iDeal
- Crypto
Weex Trust Scores
Another important aspect of the Weex review is user satisfaction. Trust scores are crucial indicators of a company’s reliability.
The exchange with a rating of 2.4 on Reviews.io has received negative feedback from users.
2.4 out of 5 based on 38 reviews | |
Reviews.io | 2.4 out of 5 based on 102 reviews |
CoinGecko | 6 out of 10 |
Weex Support Channels
Effective customer support is crucial for any cryptocurrency exchange. Weex offers several channels through which users can seek assistance.
support@weex.com | |
Live Chat | Ask the chat bot to connect you to a support agent |
Telegram Support | 1-on-1 connection |
Chat Bot | Available on the website |
Phone | 886-2-77527662 |
Does Weex Provide Copy Trading and Growth Plans?
The exchange offers copy trading and various features to support trader growth. Staking and affiliate service are some of the programs that will help you to earn passive income.
- Copy Trading: Enjoy a wide range of strategies, fully customizable, and real-time trading;
- Affiliate: Join over 20,000 affiliates and refer 180 clients to earn $10,000 per month;
- Staking: Earn profits from your locked assets.
Restricted Countries on Weex Crypto Exchange
Weex has obtained regulatory licenses from several key jurisdictions, including Money Services Business (MSB) in the US and Canada. Therefore, it needs to comply with the international laws and restrict its services in some regions, such as:
- China
- Russia
- Japan
- Afghanistan
- Macau
- Iraq
- Algeria
- Morocco
- Bolivia
- North Korea
- Iran
- Yemen
Writer's Opinion and Conclusion
Weex provides access to 1,000+ cryptocurrencies, and supports Apple/Google Pay, SEPA, and AliPay as deposit methods with a minimum amount requirement of 1 USDT.
The exchange offers multiple promotions, including a 150K USDT trading competition and a 20K USDT welcome bonus.
Despite the attractive offerings, Weex Crypto has a poor trust score of 2.4 on TrustPilot.