CoinW was founded in 2017 and has since become popular among 7 million users worldwide. The crypto exchange is attractive due to its convenient and simple interface, although there are some aspects that are somewhat inconvenient or confusing.
Fees
- Spot: Maker - 0.2% / Taker - 0.2%
- Futures: Maker - 0.01% / Taker - 0.06%
The gold standard is considered to be 0.1% on the spot market, while at CoinW the fees start at 0.2%, which is twice as much. You can get a discount on trading fees by purchasing their CWT token. However, there's a catch — the discount is not permanent and only lasts for 30 days. We find this somewhat inconvenient, as other popular crypto exchanges offer permanent discounts for holding tokens, rather than a temporary 30-day discount for buying them. We hope that CoinW will reconsider its policy in the future.
In the futures market, things are more or less comparable to competitors, but the Taker fee is 0.06%, while competitors typically charge 0.03%–0.04%.
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Key Features
Buying cryptocurrency
You can buy or sell cryptocurrency for fiat money using a P2P platform or a bank card. There is also an OTC platform for buying cryptocurrency with fiat money, but this platform is intended for people with large capital (minimum 50 000 USD).
Trading
CoinW offers spot trading, ETF trading, and futures trading. Copy trading is also available on both the spot and futures cryptocurrency markets.
Trading bots are available, but currently only for futures trading. Unfortunately, demo trading is not supported.
Earnings
You can earn passive income from assets that are idle and held for the long term. CoinW offers both fixed and flexible subscription plans. Fixed plans typically offer a higher APR, but if you withdraw early, only your initial deposit will be returned. Flexible plans usually offer a lower APR, but you can cancel at any time without losing your earnings, as interest is accrued daily.
CoinW Card
With a crypto card, you can shop just like you normally do in everyday life, but pay using cryptocurrency. CoinW offers crypto cards in both Visa and Mastercard formats.
It’s a great solution that eliminates the need to convert your crypto into fiat before making purchases — simple, convenient, and modern.
Unfortunately, there is currently no cashback feature, unlike other crypto exchanges that offer crypto cards. We hope that CoinW will add a cashback option in the future.
API
With the API, you can interact with the CoinW exchange through your own systems or integrate it with other tools such as analytics platforms, trading bots, and more. The API is an essential feature of every exchange, designed to make your interaction with the platform as efficient and seamless as possible.
Overall, CoinW is a solid crypto exchange that offers all the essential features. The interface is simple and user-friendly, although there are some usability issues — for example, it's difficult to find your country during verification because the list isn't sorted alphabetically and there's no search function.
Additionally, the trading fees and discount structure could be improved, and we hope the platform will reconsider them in the future. If you’ve had experience using the CoinW exchange, be sure to leave your review!
Use referral code 3090971 when registering and receive a lifetime 15% discount on trading fees (spot and futures).open the site CoinW
