Welcome to our complete guide on Coinex, a popular cryptocurrency exchange platform. In this blog post, we will explore Coinex, its features, and how you can effectively use it to trade cryptocurrencies. Whether you are a newbie or an experienced trader in the crypto world, this guide will provide valuable insights into navigating the Coinex platform.
Coinex is a digital currency exchange that allows users to trade various cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and many others. Launched in 2016, Coinex has gained popularity due to its user-friendly interface, low trading fees, and a wide range of available trading pairs.
After more than 6 years since its establishment, CoinEx has evolved into a professional digital asset exchange. It lists over 300 cryptocurrencies and facilitates trading across over 600 currency pairs. Furthermore, the exchange boasts a user base of over 2 million individuals with active global communities. CoinEx’s 24-hour trading volume amounts to $400 million. Guided by a user-centric philosophy, CoinEx has diligently optimized its technology, operating mechanism, and market strategy to provide users with a seamless and comprehensive experience.
History
In 2016:
- 5/2016: The first branch in the CoinEx ecosystem was formed – ViaBTC Pool
- 10/2016: ViaBTC Pool ranked 5th in the world for hashrate
In 2017:
- 4/2017: ViaBTC receives strategic investment from Bitmain
- 5/2017: ViaBTC developed the world’s first 10,000 TPS matching engine
- 8/2017, CoinEx became the first exchange to support BCH trading pairs
In 2018:
- 1/2018: CoinEx launches native token CET
- 7/2018: CoinEx surpasses the largest exchanges at that time
In 2019:
- 5/2019: ViaWallet launched
- 9/2019: CoinEx becomes one of the management platforms with the richest number of products in the world
- 11/2019: CoinEx Chain, the world’s first high-performance dedicated public chain, is founded
In 2020:
- 1/2020: CoinEx launches Global Ambassador Program
- 5/2020: ViaBTC Group was officially established, including the entire ecosystem including mining pools, wallets, exchanges and public chains.
In 2021:
- 3/2021: CoinEx implements global expansion strategy
- 5/2021: CoinEx Smart Chain testnet goes live
- 6/2021: CoinEx Smart Chain officially launches mainchain and OneSwap is the first category on CSC
Coinex Token (CET)
Introduction to CET
Coinex Token (CET) is the name of the native cryptocurrency used by Coinex. CET is an Ethereum blockchain-based ERC-20 token. Within the Coinex ecosystem, the primary utility of CET is to reward its holders.
Benefits of Holding CET
Users that own CET can take advantage of several advantages, including reduced trading costs, the ability to cast ballots for the listing of new tokens, entry to special airdrops and events, and access to the Coinex mining pool.
How to Acquire CET
You can buy CET tokens directly from Coinex’s internal market using other cryptocurrencies supported by the platform. Additionally, users can participate in Coinex’s promotional activities or airdrops to earn CET tokens.
11 Outstanding Features of CoinEx
CoinEx is regarded as an exchange with many benefits, a vast, diverse ecosystem with features and products constructed with user empathy. Concrete:
1. Comprehensive security
CoinEx implements comprehensive security measures to protect exchange assets. This includes using a multi-signature hypertext transfer protocol (HTTPS) to ensure secure transactions. CoinEx has implemented additional layers of protection to further enhance security, such as Google Authenticator and SMS codes for user authentication.
Furthermore, CoinEx employs IP address checking as an additional security measure. If the system detects frequent changes in the user’s account IP address, an email or SMS alert will be sent to notify the user.
In order to continuously improve security, CoinEx has also created a feedback directory where users can report any potential security flaws. If the exchange confirms a vulnerability, the reporter will be rewarded with a bonus.
2. Diverse ecosystem
CoinEx is one of the most diverse ecosystems in the industry, including CoinEx Exchange, ViaBTC Pool, CoinEx Chain, OneSwap, and ViaWallet. Where:
- CoinEx Exchange: Professional trading platform supports perpetual, spot, margin, and other derivatives trading
- ViaBTC Pool: One of the largest cryptocurrency mining “mines” in the world. The pool currently attracts more than 3 million global users.
- CoinEx Smart Chain: Upgraded from CoinEx Chain. It is a smart contract chain dedicated to decentralized trading with extremely high order execution performance, low transaction costs, perfect compatibility with the Ethereum ecosystem, and permissionless block production.
- OneSwap: Smart contract-based decentralized trading platform that does not require permissions when listing cryptocurrencies, supports AMM model and order book.
- ViaWallet: The wallet allows users to store 36 major cryptocurrencies on 6 different chains in the same wallet. In addition, users can stake, using DApps and decentralized exchange CoinEx DEX at ViaWallet. In the near future, the wallet will integrate more crypto-to-crypto and fiat-to-fiat transactions, instant transaction speed, and support credit card payments.
3. High-speed trade matching engine
Its proprietary high-speed trade matching engine can execute up to 10,000 trades per second while still running stably.
4. ‘Power’ Tokens
The native token of the CoinEx ecosystem in ERC-20 form is CET. Holding CET provides users with several privileges, including VIP membership, up to 50% deduction of transaction fees, usage as gas fees, receiving airdrops, accelerating withdrawals, and other exclusive services. To maintain the token’s value, CoinEx implements a buyback program and burns 50% of CET earnings fees daily. Additionally, all redeemed CET is burned at the end of each month. This process will continue until the total supply drops to 3 billion. Over 5.6 billion CET has been acquired and burned, leaving approximately 4.3 million CET in circulation. Furthermore, considering the continuous development of the CoinEx ecosystem and the increasing scarcity resulting from the token burn program, CET is a potential asset that investors should consider holding for the long term.
5. Low Trading Fees
Affordable trading fees are one of the attractions of CoinEx. Compared to the general public, trading fees on CoinEx are assessed at a low level. Additionally, investors and traders can benefit from discounts through different VIP Levels and Market-Making Levels. The VIP Level is determined by the amount of CET held, while the Market Making Level is based on trading volume.
By holding CET and enabling the “Use CET as a Fee” feature, CET can be deducted directly as a transaction fee. See more withdrawal fees for each coin here.
6. Ultra-fast deposits and withdrawals
With the deposit, in just 5 minutes, the user received the funds. With small withdrawals, users will be withdrawn immediately.
7. Optimal Auto Market
CoinEx owns the AMM feature, also known as the automated market, with the following 3 main points:
- Automatic trading to make a profit: After the user participates in providing liquidity, the money will be transferred to the liquidity pool. 60% of trading fees (or 100% of trading fees for CET/USDT) will be split back among pool members
- Pay bonuses every day: Bonuses from trading fees are automatically paid every day, and investors can withdraw bonuses and profits simultaneously.
- No fees for depositing/withdrawing funds
8. Strict Token Listing Process
CoinEx prioritizes the interests of its users and employs a stringent evaluation process to assess the potential of each project. This is done to guarantee the future profitability of the listed assets.
9. Smart Asset Management Features
CoinEx offers a smart asset management feature called Financial Account, which aims to assist investors in reducing their risk. By utilizing this feature, the user’s account will automatically incur daily interest based on the volatility of their invested assets. This interest will be continuously accrued and reinvested into the principal account the following day. Consequently, users have the potential to earn more profits during a bull market, while the previous day’s gains can offset any losses if the market is bearish.
10. Prestige with customer assets
CoinEx will never use customer assets for other purposes for any reason. Users will always receive 100% of their assets upon request.
11. Multi-channel support
CoinEx supports customers 24/7 through various channels such as Facebook, Telegram, Zalo, and Medium.
In addition to stepping up direct support on social channels, CoinEx has also created a list of frequently asked questions here for investors to learn actively.
- CoinEx Homepage: https://www.coinex.com/
- CoinEx account registration link: https://btaguru.com/go/coinex
- Link Youtube: https://www.youtube.com/channel/UCEZLLCWdqfXG8HmtVSlHHUg
- Link Meduim: https://coinexvietnam.medium.com/
The Ambassador program helps users increase their income
Launching in Vietnam, CoinEx launches marketing ambassador programs with many attractive incentives, not to be missed, such as:
1. Marketing ambassadors
By becoming a Marketing Ambassador, investors can receive up to 50% of the trading fees from users they refer. These commission fees are paid out in USDT. Furthermore, Marketing Ambassadors enjoy VIP privileges such as being on the priority list for events organized by the exchange, getting first access to experience new products, and receiving special gifts and certificates from CoinEx. Additionally, CoinEx will promote high-quality content created by Ambassadors on official and affiliate channels.
2. Ambassador agent
CoinEx ambassador agents are agents responsible for recruiting marketing ambassadors for CoinEx. In return, they easily enjoy 5% of transaction fees from users referred by the ambassador they ‘recruit.’
3. Partner Program
When becoming a partner with CoinEx, participants will receive a fixed monthly salary ranging from 200 USD to 500 USD. This program is currently in the planning process and will be implemented in the near future.
Instructions for registration and use
1. Sign up for an account
Step 1: Access https://btaguru.com/go/coinex/
Step 2: Fill in the information, including:
- Password
- Confirm Password
- Click “Send Code“, then check your CoinEx email in your inbox to get the code and fill in the Email verification code box.
- Check “I’ve read and accept…”
- Click “Sign Up” to complete the account registration
2. Turn on security
After successful registration, the interface will automatically switch to the security settings.
Step 1: Click “TOTP”
Step 2: Open the Google Authenticator app to scan the QR code.
Note you need to save the private key that the exchange provides so that you can recover the code when you lose your phone.
Step 3: Click “send code” and fill in the code from CoinEX mail
Step 4: Enter the code in the Authenticator app, select “send”
However, if you skipped this step in the first place, you can set it up by:
Step 1: Select “account”
Step 2: Select ” settings”
Step 3: Scroll down to Security Settings and select the “link” box in the TOTP Authentication line (because I have set it before, this box changes to “change”)
4. Deposit
Step 1: At the main interface, select: Assets (1) -> Deposit (2).
Step 2: Select the coin you want to send (e.g., USDT)
Step 3: Copy the receiving address when pressing the “copy” button or scan the QR code. Note: it is necessary to choose the receiving chain that coincides with the deposit chain (*)
5. Withdrawals
Step 1: Select “Withdraw” at the main screen
Step 2: Select the coin that you want to withdraw.
Step 3: Fill in some of the following information to withdraw funds:
- Address: The address from which you want to withdraw
- Actual amount: The amount you want to withdraw
- Fee: Withdrawal fee
Click “Withdraw Now” when you have completed all the information. (Need to confirm mail/GA code to withdraw funds).
6. Trading Tutorials
Step 1: Select “Exchange” (1) -> Click on the left corner symbol (2) to select the coin you want to trade
Step 2: Select the execution order: Limit, Stop-Limit, or Market (1) -> Enter the amount of BTC you want (2) -> Select “Buy BTC” (3)
- Limit: Desired price match
- Market: Match the current market price
7. Perpetual instructions for use
Step 1: Select “Perpetual” (1)-> Click on the left corner symbol (2) to select the coin you want to trade
Step 2:
- Change leverage (1)
- Order changes (2)
- Fill in quantity (3)
- Select “Buy Long” or “Sell Short” (4)
8. AMM User Manual
Step 1: Select “AMM” in the main interface item
Step 2: Click “Operate” at the token pair you want to add liquidity to
Step 3: Select “Add” and enter the number of tokens you want. If you want to withdraw liquidity, select “Remove” then enter the amount of tokens you want to withdraw.
Step 4: Select “Earnings” to check the rewards
Conclusion
In conclusion, Coinex is a reliable and user-friendly cryptocurrency exchange that provides a wide range of trading options for enthusiasts worldwide. Whether you are a beginner or an experienced trader, this guide has covered everything you need to know about understanding and effectively using the Coinex platform. Remember to always perform thorough research before making any investment decisions and keep an eye on market trends for successful trading experiences on Coinex!
