CoinW Review 2023: Is it Safe or Scam?

Finding a reliable exchange can be a challenging task. Enter CoinW, a crypto exchange that has a following of over 9 million users globally. With its top-tier offerings and commitment to security, CoinW has attempted to establish itself as a powerhouse in the cryptocurrency exchange landscape. Let’s dive into what sets CoinW apart and why some seem to consider it as a reliable crypto exchange.

What is CoinW?

CoinW‘s versatility is said to be a standout feature, meant to cater to traders at every stage of their journey. Whether you’re a newcomer or a seasoned pro, CoinW should have you covered. The platform offers beginners a user-friendly interface as well as various OTC and third-party payment options, ensuring a smooth onboarding process. On the other hand, experienced traders can explore advanced tools and products, maximizing their trading potential.

Incepted in 2017 by a fusion of crypto, cybersecurity, and finance virtuosos, CoinW epitomizes a truly global and professional entity with a robust workforce of over 1,000 talents hailing from 30 diverse nations.

Founding Year2017
Trading PlatformTrading View
Account currency U.S. dollars, Korean won, Chinese yuans, Vietnamese dongs, and cryptocurrencies
Deposit / WithdrawalBank cards, credit cards, cryptocurrency wallets, and electronic payment services and need KYC verification for withdrawal
Minimum deposit0.001 BTC
Financial Instruments Futures, Cryptocurrencies, ETFs, Staking (cryptocurrencies)
LeverageUp to 1:200
KYC Requirementno KYC requirement for trading and up to 2 BTC withdrawal per 24 hours
Mobile AppYes
Contests and BonusYes
Margin Call/ Stop OutNo
Copy TradingYes
24/7 Customer SupportYes

Is CoinW Legit or a Scam?

CoinW currently holds a spectrum of esteemed financial licenses, including the USA’s MSB license, Lithuanian license, Canada MSB license, Singapore’s MAS license, and the SVGFSA license. These licenses, obtained across multiple countries and regions, underscore CoinW’s commitment to regulatory compliance and the safeguarding of user interests.

Low Fees and Diverse Portfolios

One of CoinW’s most compelling attributes is its economic fee structure. With a trading fee as low as 0.1% for spot trading, CoinW appears to be a cost-effective choice for traders. What truly sets CoinW apart is its expansive range of support between 300 tokens on Spot, and around 40+ pairs on Future crypto market. This diversity grants users many options and opportunities to explore various investment avenues.

Trading Fees of CoinW

CoinW’s Welcome User Bonus

When a user signs up on CoinW, there are many bonus activities where they can get free money for finishing certain tasks. Users can check at Mission Center for available tasks and missions such as the Novice mission, New-listing mission, and Future Mission.

CoinW – Mission Center (Reference : CoinW Website)

CoinW’s Banking Products

CoinW’s banking products are famous in the crypto sphere, they support more than 100 different currencies while operating in 182 countries. Supporting over 100 cryptocurrencies, CoinW offers a selection of financial plans that cater to different preferences, including fixed-term, flexible, single-asset, dual-asset, and mixed banking products. These competitive banking rates empower users to harness their crypto holdings and generate stable returns.

Also users can bind with Hyperpay wallet through Hyperpay Inter-transfer if they have and directly link to their Hyperpay cards. Binding with Hyperpay wallet is zero fee, transfer within seconds and you can do it with only one click. 

If a user wants to buy crypto on CoinW, all you need to do is go to P2P trading or quick buy on buy crypto section, select your preferred merchant and pay. But users have to finish their KYC verification before they buy.

Reference : P2P Screen from CoinW Website

CoinW also has an OTC Desk where you can buy at least $50,000 worth of crypto directly from the sellers for a better quotation.


Copy Trading With CoinW

CoinW offers a unique feature where users can choose to copy the strategies of successful traders on the platform. The system automatically mirrors the selected traders’ orders, including direction, price, and leverage. This enables users to benefit from profitable trades without constantly monitoring market changes.

Reference: Copytrading Screen from CoinW Website

In an ongoing event, CoinW is offering a total of 30,000 USDT in Futures Bonuses, which includes loss compensation. Each user engaging in Copy Trading can receive up to 500 USDT as a super bonus. This initiative ensures users not to worry about losses incurred during the Copy Trading process.

Reference : CoinW Trading Screen

To qualify for the loss compensations, users must have a copy trading volume of at least 50,000 USDT and losses exceeding 50 USDT during the event. This event not only encourages users to explore the benefits of copy trading but also provides them with a safety net to mitigate potential losses.

CoinW VIP Program

CoinW offers a VIP program with various privileges across trading, CoinW’s ecosystem, and user value enhancement. VIPs receive benefits such as free spot transaction fees, substantial contract transaction fee refunds, high commissions for referral invitations, and special interest rate financing. They also gain access to exclusive quotas for FansUp SGD and larger withdrawal amounts. VIPs enjoy their own OTC channels, exclusive trading activities, and the chance to become CoinW Global Partners. They can also attend offline meetups, access research from CoinW Research Institute, and receive personalized industry and trading reports. Additionally, VIPs are entitled to birthday and holiday gifts, creating a comprehensive package of advantages for their enhanced experience.

Embarking on New Ventures with CoinW Launchpad

For those seeking early access to promising projects, CoinW Launchpad is a golden opportunity. Holding CWT or USDT opens the door to exclusive premium projects. This unique feature showcases CoinW’s commitment to providing users with innovative avenues for growth and diversification.

Navigating the Markets with Copy Trading and Advanced Tools

CoinW’s array of trading tools ensures users can thrive in the dynamic crypto market. Copy trading, grid trading, margin trading, stop-loss orders, and trailing stop orders are just a few of the advanced functionalities at users’ disposal. These tools allow traders to manage risks, seize opportunities, and execute trades precisely.

Community Forum

CoinW’s active community forum is a helpful insight for newbie traders since experienced traders share their trade setup. 

Security and User Support

Security and customer support are cornerstones of CoinW’s foundation. The exchange’s adherence to stringent security measures, including third-party audits and KYC principles, instills trust among users. Additionally, a robust risk management system, distributed server cluster, offline cold wallets, and 24/7 multilingual customer support ensure a secure and seamless experience for users worldwide.

Final Thoughts

In review, CoinW’s success can be attributed to its steadfast commitment to achieving excellence and its continuous pursuit of innovation. With an array of trading options, competitive fees, unparalleled security, and user-centric support, CoinW has created a haven for traders of all kinds. Whether you’re a budding enthusiast or a seasoned investor, CoinW’s ecosystem offers the tools and resources needed to navigate the exhilarating world of cryptocurrencies with confidence. 


  • What is CoinW?

Established in 2017, CoinW Exchange stands as a premier comprehensive trading platform, catering to over 9 million users globally. It offers an array of services, including Futures trading, designed to meet the diverse needs of traders around the world.

  • Is CoinW Legit?

The exchange holds a license from British Virgin Islands jurisdiction. CoinW operates officially across 200+ countries, ensuring a broad and regulated presence in the global market.

  • Where is CoinW based?

CoinW is based in Dubai.

  • Is CoinW Legal in the US?

Yes, CoinW is Legal in the US at the moment but keep in mind that changes in laws and regulations may affect this in the future.

  • Is copy trading allowed in CoinW?

Yes, you can do copy trading.

  • What is the maximum leverage you can use in CoinW?

You can use up to 1:200. 

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