Reviews of CoinW are mixed. Some users note the convenience and acceptable trading conditions, while others encounter issues with withdrawals and high fees.
Generated by AI based on published reviews and public data. For reference only and may contain inaccuracies.
Review Time
I have been trading on CoinW for about a year. As for the downsides, I can mention the occasional poor localization and some minor interface issues. Some of these points are being fixed over time. Overall, it's acceptable for an average trader. There is no forced verification, TradingView is available, there is a native token CWT (which can be used to reduce trading fees), a wide selection of cryptocurrencies, and P2P options. Trading is smooth; I regularly withdraw my earnings to an external wallet, and there have been no bans for made-up reasons.
I registered on the platform. The initial commission is quite high, taking 0.2% from the transaction, especially from the maker, isn't that too much? The exchange has its own token, and if you hold it, you can reduce the rate. Up to 0.01% for both sides at most. There are no other options for reducing it. Fiat is not supported on the exchange. You can exchange it on P2P, but there are no regular pairs where it is used. There is also a lack of market variety. Nevertheless, there are enough assets for trading, so there are no issues with pairs. This applies to spot trading. I don't work with more "exotic" directions. Overall, the exchange is decent. If you are interested in available options for spot trading, it's worth registering and starting to trade. You can buy a bit of native tokens to reduce the commission to at least 0.12%.
The exchange operates in Russia thanks to its registration in an offshore zone. We haven't encountered any problems on our end; the site works fine. The only thing is that accessing the help on Zendesk requires a VPN. The instructions there aren't the best, but experienced users will figure it out quickly. Overall, there's nothing outstanding about the exchange: it offers spot and futures trading, ETFs, copy trading, and some not-so-essential features like loans that many exchanges are currently offering. It's better to go through verification to avoid questions in the future. Although it's not mandatory for trading (if you don't plan to work with fiat), basic limits will be sufficient for an average trader. There aren't many trading pairs on the spot market, all pairs are with USDT. However, the liquidity is good, and all popular coins are represented, so trading can be done without any issues.
I installed the CoinW app and started trading on this "exchange." Although I was making profits on my positions, my deposit was actually decreasing with each trade! In the end, I decided to withdraw my funds, but that's when the problems started - the money got stuck. When I tried to withdraw, a message appeared saying that the withdrawal was not possible. I couldn't do anything through P2P either. Don't invest money in this platform!
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CoinW is an online service in the cryptocurrency sector, offering users a platform for trading and exchanging digital assets. The company provides convenient tools for investing and managing cryptocurrency portfolios.
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