CoinW

CoinW Review

CoinW Highlights

Welcome to our detailed review of CoinW, a world-class comprehensive digital asset trading platform. If you’ve been searching for a platform that offers a blend of excellent user experience, competitive fees, advanced security measures, and round-the-clock customer service, CoinW might be the platform for you.

In this CoinW review, we dive deep into this crypto exchange, exploring its many features and offerings that have attracted millions of users across the globe. We’ll also delve into customer reviews to give you a sense of what real users think about CoinW. You’ll get a balanced view of what the platform does well and where it might need some improvement.

What Is CoinW?

CoinW is a comprehensive digital asset trading platform that provides spot and contract services. It was founded in 2017 by veterans in the fields of cryptocurrency, cybersecurity, and finance. CoinW has set up 16 localized trading service centers in 13 countries around the world and serves over 7 million active users globally.

When speaking about CoinW, one can’t overlook its competitive trading fees, rewarding VIP scheme, enhanced security, and 24/7 customer service. The company’s mission is to empower the transformation of blockchain technology and finance, helping users increase their wealth and expand their investment portfolio in the world of digital assets.

How to Open an Account at CoinW

Opening an account on CoinW is a straightforward process. Here are the steps:

1. Open the official CoinW website: https://www.coinw.com
2. Click on the “Sign Up” button on the upper right corner of the webpage.
3. Enter your email address.
4. Set your password, enter the invitation code if you have one, and click on the “Send” button to receive a code via email.
5. Complete the email verification by clicking on the link sent to your email address.
   After verification, your account registration is completed​​.

As you can see, the process of creating an account on CoinW is quite simple. By following the provided steps, you can get started with trading on the platform in no time.

Is CoinW Safe?

CoinW is considered a secure platform for cryptocurrency transactions. It implements several measures to ensure the safety of user data and transactions. You’ll find some of the security measures below.

User Account Security Measures

CoinW uses multiple identity verification for login, API key generation, and coin withdrawal. This includes:

• Cell phone verification code
• Google Authenticator
• Twilio
• U2F security key

Additionally, IP data for each login is recorded and analyzed for any abnormal activities. There are also security protocols for coin recharge and withdrawal, with automatic systems monitored by operation logs and user behavior patterns.

Manual checks can be triggered in case of abnormal activities. To control the security and transparency of digital assets, CoinW employs advanced and secure approval chains, as well as risk policy engines. This platform also uses a multi-party computing (MPC) wallet to manage on-chain transactions and offline cold wallets to store the majority of system funds.

Risk Management System

CoinW exchange uses a multidimensional risk event warning system, including user activity area mapping, risk distribution territory, and risk rule configuration for relevant event scenarios. The exchange also has an event management system for detailed data queries and a platform linkage for risk identification, analysis, and suggestions.

Security Protection Measures

CoinW security protection measures include:

• Web application firewall (WAF) protection
• DDOS protection
• BOT guard protection
• Security acceleration
• System security
• Automatic database backup
• Creation of backup data copies
• Internal firewall mechanism

The platform’s database is backed up, encrypted, and compressed into an archive once a day. After the new backup is ready, it will be sent to other servers in multiple locations​​.

Despite these security measures, as with any online platform, it’s important to use good personal security practices, like setting strong, unique passwords, enabling two-factor authentication, and being wary of phishing attempts. Also, remember to verify any links or contacts claiming to be from CoinW using official sources​​.

What Are CoinW Features?

From a comprehensive suite of crypto asset services to an efficient customer service system, CoinW stands out in the highly competitive cryptocurrency market. Here are some of its key features:

• Comprehensive crypto asset services: CoinW serves as a comprehensive gateway for crypto asset services, featuring an innovative product ecosystem and global operations that aggregate traffic.
• Regulated and reliable: CoinW is globally compliant, embracing regulations and possessing multiple financial supervision licenses. It employs top-notch security and risk monitoring systems, distributed system architecture, and hot and cold wallets with multi-signature technology, offering five years of zero security issues.
• Global presence for inclusive finance: CoinW has a broad global footprint covering 200 countries, serving millions of users, with a mission to facilitate global financial freedom and inclusiveness.
• Launchpad for high-quality projects: CoinW carefully curates popular projects, offering users prime investment opportunities.
• Extensive support for crypto assets: CoinW supports over 1,000 crypto assets, including popular global projects, backed by a high-speed matching engine and unparalleled market depth.
• Spot and ETF trading: CoinW offers spot trading, allowing users to buy and sell cryptocurrencies directly on the platform. Additionally, the exchange provides ETF (exchange-traded funds) trading, offering users exposure to diversified portfolios of cryptocurrencies.
• Convenient and secure OTC transactions: CoinW supports 40+ fiat currencies for transactions, along with credit card purchases, offering diversified deposit channels and one-stop trading transactions.
• Mobile app: CoinW provides a mobile app allowing users to access their accounts, trade cryptocurrencies, and manage their portfolios conveniently on their mobile devices. The CoinW app is available on Windows and MacOS and offers a user-friendly interface and essential features to facilitate seamless trading on the go.
• Efficient customer service support: CoinW crypto exchange operates a 24/7 customer service system, providing timely responses to user inquiries.
  Cryptocurrency financial management: CoinW offers high-yield wealth management services with flexible terms and anytime redemption.

What Are CoinW Fees?

Currently, the basic fees for makers and takers are 0.2%​​. CoinW charges fees for currency transactions to support the operation of the platform. The platform has different rules for fees charged to makers and takers. A “maker” is a user whose order is not immediately traded with another user’s order but is placed on the order list instead, waiting for the other user’s order to be filled. On the other hand, a “taker” is a user whose order is immediately executed successfully with another user’s order at the same or a better price.

CoinW also offers a VIP membership system that provides fee reductions. This system is divided into six levels, and each level corresponds to a different transaction fee reduction. Here’s a table detailing the VIP levels and their respective fees:

As the table shows, the transaction fees decrease as the VIP level increases, and each VIP level lasts for one month from the date of purchase.

Which CoinW Customer Support Options Are Available?

CoinW offers several customer service options to ensure a smooth experience for its users. The exchange provides 24/7 online customer service, available for assistance at any time. This ensures that users can receive help whenever they need it, regardless of their timezone​​.

Furthermore, the exchange is active on various social media platforms where it offers additional support. The exchange has an English group on Telegram where users can join for updates and support. In addition, traders can reach CoinX via its official Twitter account and Medium page.

For Chinese-speaking users, it’s active on Weibo, which is a popular social media platform in China. It provides an additional avenue for users to reach out to CoinW, stay updated with their latest news, and get assistance.

What Do Customers Say About CoinW?

When it comes to customer reviews about CoinW exchange, the results are mixed. Some customers appreciate the platform’s low fees and effective deposit process, while others express concerns about delays in withdrawals and a perceived lack of response from the customer service department.

If you visit Trustpilot, you’ll see that the exchange has a 4.5-star rating, with more than 84% of users giving it five stars. This further proves that a significant number of CoinW’s users have had a positive experience with the platform.

Final Thoughts: Is CoinW Worth It?

Given its impressive track record and extensive security measures, CoinW has proven to be a reliable and user-friendly platform for digital asset trading, worthy of standing next to the leading crypto exchanges. The platform’s fee structure, combined with a rewarding VIP scheme, makes it an attractive option for investors.

Furthermore, the 24/7 customer service, an uncommon feature among similar platforms, ensures that help is always within reach. CoinW’s mission to bridge the gap between blockchain technology and finance while helping its users increase their wealth underlines its commitment to user satisfaction. This makes CoinW a worthy consideration for anyone seeking a trusted and efficient cryptocurrency trading experience.

FAQ

Does CoinW have an API?

Yes, CoinW provides an API for users who want to integrate their applications or trading bots with the platform. This API allows developers to access various functionalities and retrieve market data, manage orders, and perform other trading operations programmatically.

Is CoinW legit?

Yes, CoinW is a legitimate crypto trading platform that has been operating since 2017. It’s a reputable platform with a large user base and a global presence. It holds the MSB financial license of the USA, MAS license of Singapore, and SVGFSA license. CoinW’s commitment to security, compliance with regulations, and provision of user-friendly features contribute to its legitimacy as a trusted platform in the cryptocurrency industry.

How much does CoinW charge for fees?

As previously mentioned in our CoinW exchange review, the fee rate for makers and takers is 0.2% per transaction. It’s worth noting that the exchange offers a membership system with six levels, providing users with the opportunity to enjoy reduced transaction fees based on their membership level.