CoinEX Review

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Reviewed: 31 January 2019
CoinEX is an end-to-end decentralized trading platform based on EOS. CoinEx is being described as a “Global Digital Coin Exchange” which will allow users to trade with a wide array of cryptocurrencies. The algorithms used to create the CoinEX platform make use of advanced SSL technology, and on the blockchain, for which users can be confident that all of their assets will be handled in a transparent fashion.
References
Name CoinEX
Platform
EOS
Token of interest
CET
Supporting wallets
Category
Users 24h
Users 7d
Overall rating:
3.5 / 5
User experience
★★★★☆
Token integration
★★★★☆
Team
★★★★☆
Community
★★★☆☆
Security
★★☆☆☆

How to use

  • Login in coinex.com
  • Sign in and buy CET
  • CoinEX use BCH as base currency.
  • 24/7 Exchange service
  • For mining choose mining option and ask/ bid mining or Dividend.

FUNCTIONALITY

Good user experience with its proprietary trade matching system and it supports multiple languages and provide global trading services in nearly 100 countries/regions.

High-speed matching engine supports a processing capacity of up to 10,000 transactions per second. It does guarantee stability under concurrency of thousands of orders.

Advantage

CoinEX’s trading fees for takers are 0.10%. This fee is slightly below the industry average. The industry average is arguably around 0.25%. The fee thus constitutes a competitive advantage against the majority of other top crypto exchanges in the market and maybe even makes CoinEx the best cryptocurrency.

Security

CoinEx is dedicated to building a highly secure, stable and efficient digital coin exchange for global users. Full-dimension Protection

CoinEX claim on full-dimension protection and 100% reserve. Adoption of HTTPS and 2-Factor authentication available for dual protection; Cold wallet storage and multi-signature strategy guarantee asset safety. It is said that the Digital assets on CoinEx will be 100% reserved and won’t be used anywhere else. Also, withdrawals will be 100% processed in time.

TOKEN MECHANICS

CoinEx Token (CET) is a no private funding and a non-ICO token. The token is issued on Ethereum ERC 20 protocol and will be launched on a public CoinEx Chain in the future. The total CET supply is fixed at 10 billion.

Income Dividend Rules:

  1. Qualification: Min. holding of 100 CET.
  2. Distribution: CoinEx will allocate daily transaction fee income: You will receive 0 dividend when the amount is below 0.00000001.
  3. Calculation: Every o'clock from 1:00 to 24:00 (UTC
  4. Allocation: Daily dividend will be sent to your account at 00:00 (UTC) of the next day.
  5. Allocation as per coinEx decision and maximum supply.
Deposit & Withdrawal INSTRUCTIONS

As per coinEx Team, Automatic transaction acceleration for deposits and withdrawals supported by world top mining pool; Small withdrawals processed as fast as in 5 mins.

It is for ID verified accounts only and, the Transactions that use CET as fees are excluded in trade-driven mining.

Issues

CoinEx’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.

User experience
★★★★☆
Token integration
★★★★☆
Team
★★★★☆
Community
★★★☆☆
Security
★★☆☆☆

Rating System:

< 13 (avoid) | 14-16 (bad) | 17-19 (acceptable) | 20-22 (good) | 23-25 (exceptional)

Disclaimer

Token Valley is an independent provider of research relating to the Decentralized Application ecosystem. We have not been paid nor mandated for this research report. The views expressed are entirely those of Token Valley, and are merely opinions. The contents of this report and its attached documents have been prepared without taking account of your objectives, financial situation or needs. Because of that you should, before taking any action to acquire or deal in, or follow a recommendation (if any) in respect of any of the financial products/ investments/ tokens/ or information mentioned in or downloaded from or through this website, consult your own investment adviser to consider whether it is appropriate having regard to your own objectives, financial situation and needs. Whilst Token Valley believes the information contained in this report is based on information which is considered to be reliable, its accuracy and completeness are not guaranteed and no warranty of accuracy or reliability is given or implied and no responsibility for any loss or damage arising in any way for any representation, act or omission is accepted by Token Valley or by any officer, agent or employee of Token Valley or its related entities. Token Valley reserves the right to at any time vary, without notice, the range of services offered and the terms under which such services are offered.