CoinW is a cryptocurrency exchange that is receiving a lot of attention recently. So what is special about this exchange? Let's find out with Coin68 through this article!
What is CoinW ? Instructions for using the CoinW exchange
What is CoinW ?
CoinW is a cryptocurrency exchange founded in 2017 and is currently present in over 120 countries. CoinW owns the US MSB financial license, Singapore's MAS license and other financial management licenses in many other countries and regions to ensure the rights of users.
What is CoinW ?
According to data from CoinGecko, CoinW has a daily volume of more than 4.48 billion USD.
Highlights of the CoinW exchange
Supports trading of hundreds of different cryptocurrencies.
Providing a variety of products for traders in the cryptocurrency market: spot, futures, ETF, Auto-Invest,...
User-friendly interface.
Supports 10 different languages including Vietnamese.
Allows P2P transactions with most popular payment methods: banks, MoMo, ZaloPay, Viettel Money.
CoinW products
Spot
CoinW provides spot trading services with a total daily trading Volume of up to 4.48 billion USD along with 865 different trading pairs.
Futures
In addition to Spot, CoinW also provides users with a Futures Contract trading platform with a series of popular cryptocurrencies such as: BTC, ETH, AAVE, ADA,... CoinW platform supports leveraged trading up to up to 200 times.
ETF
An ETF is a spot leveraged product with high volatility. This product does not require collateral from users.
For example: If ETH increases by 1%, the net value of ETH3L increases by 3% and the net value of ETH3S decreases by 3%.
Copy Trading
With the Copy Trading feature, users can copy the trading strategies of other successful investors in the market.
Copy Trading
Earn
Earn is one of the crypto financial products launched by the CoinW platform, providing users with a way to profit from the cryptocurrency they are holding. Earn is Chia into 3 forms (fixed, flexible, hybrid) allowing users to choose different profit making methods depending on their needs and risk tolerance.
Earn
P2P
Similar to other cryptocurrency exchanges on the market, CoinW also provides users with a P2P trading market. However, the number of traders trading on CoinW is still quite modest.
P2P
Auto-Invest
Auto-Invest is a product that allows users to invest in cryptocurrencies using the price Medium method (DCA).
Auto-Invest
CoinW transaction fees
Deposit fee
CoinW exchange is free to deposit money.
Transaction fees
CoinW 's Spot Trading fees will depend on the user's account level. The higher the VIP level, the more transaction fees are reduced. CoinW offers a total of 6 levels. At level 1, the maker-taker fee is 0.2%. All higher levels require users to hold CWT Token. Level 6 traders must hold at least 86,800 CWT to get the fee reduced to 0.01%.
Transaction fees on CoinW exchange
Withdrawal fee
Withdrawal fees for some prominent coins/ Token on CoinW:
BTC : 0.0008 BTC
ETH : 0.0007318
BNB : 0.005 BNB
FET : 22.22581927
ATOM : 0.069 ATOM
Matic : 2 Matic
ALGO : 0.5 ALGO
MKR : 0.00234453 MKR
COMP : 0.06273393
Information about CWT Token of CoinW exchange
Token Name | CoinW |
Ticker | CWT |
Blockchain | Ethereum |
Token Standard | ERC-20 |
Contract | 0xa35b1b31ce002fbf2058d22f30f95d405200a15b |
Token Type | Utility |
Total Supply | 25,000,000 |
Circulating Supply | Updating... |
The role of CWT Token for CoinW exchange
Reduce transaction fees when using the exchange's products.
Instructions for using the CoinW exchange
Register an account
Step 1 : Go here - > Select “ Register ”.
Step 2 : Enter email, password, email verification code -> Select " Register ".
KYC
Step 1 : Select “ ID Verification ”.
Step 2 : At “ ID Verification ” -> Select “ Upgrade ”.
Step 3 : Select “ Verify Now ”.
Step 4 : Select country.
Step 5 : Enter name, ID information, date of birth, upload ID image -> Select " Submit Verification ", then wait for verification.
2FA
Step 1 : Select “ ID Verification ”.
Step 2 : In the “ Google Authentication ” section, select “ bind ”.
Step 3 : Use Google Authenticator or Authy application to scan the QR code as shown below -> Enter Google Authentication Code, email authentication code -> Select " Link now ".
Transaction
Step 1 : In the “ Trade ” section -> Select “ Spot ”.
Step 2 : Place order.
summary
CoinW is an exchange that provides most of the necessary products for investors in the cryptocurrency market. However, CoinW 's products and services are quite limited when compared to current top exchanges such as Binance and OKX. Through this article, you probably have some basic information about the CoinW exchange.
Note: The information in the article should not be XEM investment advice. Coin68 is not responsible for any of your investment decisions.
