CoinW Review | Is CoinW Exchange Reliable? A Complete Analysis of Regulatory Compliance, Trading Conditions, Security, and User Reviews

1. Platform Background and Development History

Founded in 2017 and initially registered in Singapore, CoinW has gradually expanded globally. The platform, centered around "spot trading + contracts + innovative financial products," has attracted a large number of small and medium-sized users thanks to its low barrier to entry and extensive coin listing strategy.

Development History:

• 2017 : CoinW was launched, focusing on spot trading.

• 2018-2019 : Expanded to markets such as South Korea, Vietnam, and Malaysia.

• 2020-2021 : Launch contract trading and financial products.

• 2022 : Open a regional center in Dubai, UAE to further expand into the Middle East market.

• 2024-Present : Average daily trading volume remains in the top 20-30 globally, with spot trading volume ranging from US$500 million to US$1 billion per day , according to CoinMarketCap data.

📌 CoinW is positioned closer to second-tier exchanges , similar to MEXC and Gate.io, relying on rapid coin listings and regional marketing to gain traffic.

2. Trading Account and Trading Conditions

CoinW offers a variety of trading accounts and products:

Features summary:

• There are many currencies, covering almost most projects on the market.

• The transaction fee is similar to that of second-tier exchanges and slightly lower than Binance.

• The contract depth is average, and large orders may cause slippage.

III. Supervision and Compliance

CoinW has limited regulatory compliance, relying primarily on partial offshore registration:

⚠️ Overall, CoinW's compliance is insufficient and lags significantly behind top exchanges (such as Coinbase and Kraken).

IV. Product and Market Coverage

CoinW provides a comprehensive range of trading products:

• Spot trading : 1000+ currencies, covering mainstream and niche tokens.

• Perpetual Contracts : Supports mainstream cryptocurrencies and popular altcoins, with leverage up to 1:125.

• ETF leveraged products : Simplify leverage operations and are suitable for short-term speculation.

• Financial management/staking : Provides staking financial management of stablecoins and mainstream currencies.

insufficient:

• Lack of options and complex derivatives.

• The currency review standards are loose, and there is a risk of air coins.

5. Trade Execution and Technical Performance

• Matching engine : Officially claims to support 80,000 transactions per second.

• Slippage control : The liquidity of mainstream currencies is acceptable, but the liquidity of small currencies is insufficient.

• APP experience : The interface is simple and the functions are complete, but it occasionally freezes.

• API : Supports quantization, but the stability is average.

6. Deposit and Withdrawal

CoinW supports:

• Cryptocurrency deposit : BTC, ETH, USDT, etc.

• Fiat currency channel : supports credit cards and third-party payment (MoonPay, etc.).

• Withdrawal time : usually 30 minutes – 2 hours.

• ⚠️ User feedback: Some withdrawals will be subject to additional KYC review, resulting in delayed withdrawals.

VII. Customer Service and Support

• Language : Chinese, English, Korean, Vietnamese, Spanish, etc.

• Customer service channels : email ( [email protected] ), APP work tickets, Telegram community.

• Response speed : Generally within 12-24 hours.

• Educational content : Basic introductory articles, but lacks depth.

8. Media and User Reviews

Media coverage

• Cointelegraph: Calls it “a rapidly growing exchange in regional markets, but lacking a global compliance foundation.”

• FX110: The risk rating is medium-high, mainly due to the lack of authoritative supervision.

User reputation

• Positive reviews : Many currencies, simple registration, and reasonable fees.

• Negative reviews : Strict withdrawal review and unprofessional customer service.

IX. Risk Warning

• Compliance risk : Lack of top regulatory licenses.

• Risks of listing : There are many air coins and pump coins.

• Funding risk : Insufficient transparency of proof of reserves.

Users are advised to use CoinW only as a "supplemental exchange" and avoid depositing large amounts of funds.

10. Multi-dimensional scoring (out of 10 points)

• Regulation and Security : 5/10 — Offshore registration, lack of authoritative license.

• Trading Conditions : 7/10 — Reasonable fees and flexible leverage.

• Product richness : 8/10 — Numerous currencies and comprehensive product coverage.

• Technology and Liquidity : 6/10 — Liquidity is acceptable for mainstream coins, but insufficient for smaller ones.

• Customer Service and Service : 6/10 — Multilingual support, but lacking professionalism.

📊Overall rating: 6.4/10
CoinW is suitable for speculative users and novice users, but it is not recommended to store large amounts of funds for a long time.

11. Conclusion

CoinW is an exchange positioned in the second-tier market, which has gained a certain amount of traffic thanks to its large number of currencies and low entry barriers .

• Advantages: comprehensive currency coverage, low transaction fees, and a full range of products.

• Disadvantages: lack of authoritative supervision, poor withdrawal experience, and average user reputation.

👉 Official website: https://www.coinw.com