CoinW Review 2025: Complete Exchange Overview

Today’s cryptocurrency traders expect more than just a platform to buy and sell digital assets—they demand secure environments, innovative tools, and a seamless user experience. With hacks, scams, and regulatory hurdles continuing to plague the crypto space, the importance of a reliable and secure exchange cannot be overstated.

Enter CoinW—a seasoned player in the crypto exchange arena. Since its launch in 2017, CoinW has steadily expanded its global footprint, serving traders across more than 200 countries with a wide range of services, from spot and futures trading to earn products.

In this review, we’ll take a deep dive into what CoinW has to offer, exploring its security protocols, trading features, and overall user experience to help you determine if it’s the right platform for your trading needs.

What is CoinW?

CoinW is a centralised cryptocurrency exchange that has been serving the global crypto community since its launch in 2017. Headquartered in Dubai, United Arab Emirates, CoinW has expanded its reach to over 200 countries, catering to both beginners and seasoned traders with a wide range of services. These include spot trading, futures trading with up to 200x leverage, earn section, and various financial products.

For those who’ve been around the crypto block for a while, you might recall the 2023 security breach the exchange suffered, where approximately $13 million was compromised. In response, CoinW took swift action, implementing security measures such as Multi-Party Computation (MPC) wallet technology to bolster the safety of user funds and prevent future incidents.

Today, the platform boasts support for over 500 cryptocurrencies, with more than 400 spot trading pairs and high liquidity across a diverse range of assets. Fee-wise, CoinW has a tiered structure, starting at 0.2% for both makers and takers.

CoinW goes beyond basic trading functionalities, the platform offers a sleek, user-friendly mobile app for on-the-go portfolio management and provides advanced features like trading bots, copy trading, and even a dedicated CoinW card for added convenience.

Getting Started with CoinW

Getting started with CoinW is quick and easy.

Creating Your CoinW Account

First things first—head over to the CoinW homepage and click the “Register” button, conveniently located in the top-right corner.

From there, you’ll be presented with several registration options. Simply choose the method that suits you best:

• Email address
   
• Phone number
   
• Third-party accounts (Google, Apple ID, or Telegram)

If you opt to sign up via email, a verification code will be sent straight to your inbox. For those registering with a phone number, the code will arrive via SMS. Enter the verification code, and you’re ready to dive into the CoinW ecosystem.

CoinW KYC

Like most reputable centralised exchanges, CoinW implements Know Your Customer (KYC) verification process. CoinW has four KYC levels, each unlocking additional features and higher withdrawal limits.

Notably, CoinW has quite high non-KYC withdrawal limits, making it a solid option for privacy-conscious users. If that's your thing, check out our top picks for the best no KYC crypto exchanges.

Funding Your CoinW Account

Once your account is verified, the next step is to fund it. CoinW offers three methods to do so:

• Cryptocurrency Deposits
  
  
  • Users can deposit a range of supported cryptocurrencies such as BTC, ETH and SOL by generating a deposit address for the desired asset. Funds can then be transferred from external wallets or exchanges.
     
• Fiat Purchases
  
  
  • CoinW allows users to buy cryptocurrencies directly using fiat currencies, such as USD or EUR, through credit or debit card payments. These transactions are facilitated by third-party providers, such as Banxa.
     
• Peer-to-Peer (P2P) Trading
  
  
  • CoinW’s P2P marketplace allows users to buy cryptocurrencies directly from other users.

CoinW Security

One area where CoinW has room for improvement is in user account security and fund protection. While the exchange has made notable strides since the 2023 security breach, it currently holds a rather modest CC security rating from CER.live, ranking 72nd among crypto exchanges at the time of writing.

This ranking may stem from several factors, one of which is a lack of transparent proof of reserves, a standard that many top exchanges have adopted. Currently, CoinW only provides self-reported reserves on CoinMarketCap, which falls short of industry best practices. Unlike platforms offering Merkle tree proof of reserves, which allow users to independently verify their holdings, CoinW has yet to implement this critical transparency measure.

That said, CoinW does employ robust user-side security features, including multiple two-factor authentication (2FA) options, as well as trading passwords and passkeys to safeguard user funds. However, it’s worth noting that these features are not enabled by default, leaving room for improvement in encouraging stronger security practices among users.

Supported Cryptocurrencies and Deposit Options

CoinW offers a broad range of cryptocurrencies for trading, covering both established assets and emerging altcoins. Users can trade major cryptocurrencies such as Bitcoin, Ethereum, Solana, Dogecoin, Polkadot, and Polygon, along with many others. As of now, CoinW offers over 400 spot trading pairs alongside more than 100 futures contracts.

Deposit Options

When it comes to funding your account, CoinW offers several convenient options. Users can purchase cryptocurrencies directly with credit or debit cards, with support for multiple fiat currencies through third-party providers. However, it’s worth noting that bank transfers are not currently supported, an option which often provides lower fees, albeit with longer processing times.

On the crypto side, CoinW allows deposits for a wide range of cryptocurrencies, all with zero deposit fees, making it easy to fund your account without incurring extra costs.

Order Types on CoinW

Understanding the various order types available on CoinW is essential for executing trades effectively and managing your trading strategy. CoinW offers a comprehensive selection of order types, catering to both beginners and advanced traders.

Limit Orders

Limit orders allow traders to set the exact price at which they wish to buy or sell an asset. These orders ensure that the trade is executed only at the desired price or better, providing greater control over trade execution.

Normal Limit Orders

Executed only when the market price matches the specified price. Ideal for traders looking to enter or exit positions without immediate execution.

• Example: If BTC is trading at $100,000, placing a buy limit order at $99,500 will execute only if the price drops to $99,500 or below.

Advanced Limit Orders

GTC (Good Till Cancelled): The order remains open on the order book until it is fully executed or manually cancelled by the trader.

• Example: Placing a buy limit order at $100,500 when the current price is $100,400 ensures the order stays on the order book until it matches with a seller or is cancelled.

IOC (Immediate Or Cancel): Executes as much of the order as possible immediately, cancelling any unfilled portion.

• Example: Placing a buy limit order for 100 BTC at $100,000 may result in 40 BTC being filled immediately, with the remaining 60 BTC cancelled if not immediately matched.

FOK (Fill Or Kill): Requires the entire order to be filled immediately or cancelled entirely.

• Example: Placing a sell limit order for 100 BTC at $100,000 will be cancelled if only 90 BTC is available for immediate fill.

Post-Only Orders: Ensures the order is placed on the order book as a maker order without executing immediately. This helps traders avoid taker fees.

• Example: Placing a post-only limit order to sell 100 BTC at $100,200 ensures it will not execute immediately but waits for a buyer at that price, avoiding taker fees.

Market Orders

Market orders prioritize speed and execute immediately at the best available market price. They are commonly used for swift entries or exits without waiting for a specific price.

• Example: A market buy order for 100 BTC when BTC is trading at $100,000 will execute instantly at the best available market prices, potentially filling at multiple prices depending on liquidity.

Stop Orders and OCO (One-Cancels-the-Other) Orders

Stop-Limit Orders: Place a limit order automatically once a specific trigger price is reached.

• Example: For BTC trading at $100,000, a buy stop-limit order with a trigger at $101,000 and a limit at $101,500 will place a limit order if the price reaches $101,000.

Trailing Stop Orders: Automatically adjust the stop price at a fixed percentage or amount below (for sell) or above (for buy) the market price, allowing traders to lock in profits while limiting losses.

• Example: For a BTC price of $100,000 with a trailing stop of $1,000, if the price rises to $105,000, the stop price moves to $104,000. If the price falls, the order triggers at $104,000.

OCO (One-Cancels-the-Other) Orders: Combine a stop-limit order and a limit order. If one order executes, the other is automatically cancelled.

• Example: For a BTC position opened at $100,000:
  
  
  • Take-Profit Limit: $105,000
     
  • Stop-Loss Limit: $95,000
     
  • If the price reaches $105,000, the take-profit order executes, cancelling the stop-loss order. Conversely, if the price hits $95,000, the stop-loss order executes, cancelling the take-profit order.

Iceberg Orders

Iceberg orders are designed to conceal large orders by breaking them into multiple smaller orders, displaying only a fraction of the total order at a time. Once one order is filled, the next is automatically placed. This type of order is useful for executing large trades without impacting the market price.

• The order can be divided into a maximum of 100 smaller orders.
   
• Each smaller order is placed only after the previous one is fully filled.
   
• The final order consists of the remaining amount from the total order.
   
• Standard trading rules, such as minimum order value and trading fees, apply.

Example: A trader wants to sell 100 BTC at $100,000 but only wants to display 5 BTC at a time. The system places an order for 5 BTC, and once filled, automatically places the next 5 BTC order until the entire 100 BTC is filled. This process continues until all 100 BTC are sold or the order is cancelled.

How to Start Spot Trading on CoinW?

If you’re ready to start spot trading on CoinW, follow this step-by-step guide to navigate the platform and execute your first trade.

Step 1: Log In to Your Account

• Head to the CoinW homepage and log in using your registered email or phone number along with your password. If you haven't registered yet, complete the sign-up process and basic verification (C1) to access the majority of CoinW features.

Step 2: Navigate to the Spot Trading Section

• Once logged in, locate the "Trade" tab on the top navigation bar. From the drop-down menu, select "Spot" to access the spot trading interface.

Step 3: Select Your Trading Pair

• On the trading interface, use the search bar to browse the available trading pairs and select your desired market. For this example, let’s use BTC/USDT, CoinW’s most popular pairs.

Step 4: Choose Your Order Type

CoinW offers several order types to suit different trading strategies. Select the appropriate order type for your trade:

• Limit Order: Buy or sell at a specific price you set. Best for traders who want control over their entry and exit prices.
   
• Market Order: Executes immediately at the best available market price. Suitable for fast entries and exits.
   
• Stop-Limit Order: A limit order triggered when the market hits a predefined stop price. Useful for setting entry or exit targets.
   
• OCO (One-Cancels-the-Other): Places both a take-profit and a stop-loss order. When one executes, the other is automatically cancelled.
   
• Post-Only Order: Ensures your order is placed on the order book without immediate execution, helping you avoid taker fees.
   
• IOC (Immediate or Cancel): Executes as much of the order as possible immediately and cancels any remaining portion.
   
• FOK (Fill or Kill): Requires the entire order to be filled immediately or cancelled.
   
• Trailing Stop Order: Automatically adjusts the stop price based on market movements to lock in profits.
   
• Iceberg Order: Breaks a large order into smaller visible portions to reduce market impact.

Step 5: Place Your Order

Once you’ve selected the order type:

• Enter the price (for limit orders) and amount of BTC you wish to buy or sell.
   
• Click "Buy" or "Sell" to place your order.

Step 6: Monitor Your Orders

After placing your order, you can track its progress under the following sections:

• Open Orders: View all active orders that have not been filled. You can modify or cancel orders from this section.
   
• Order History: Review a record of all past trades, including executed and cancelled orders.

CoinW Futures Trading

Futures trading on CoinW offers traders opportunities to profit from both rising and falling markets, with the added advantage of leverage to amplify potential returns. However, it also comes with increased risk, making it crucial to understand the mechanics, order types, and risk management tools available. Let’s break down the key aspects of futures trading on CoinW.

Spot Trading vs. Futures Trading: Key Differences

Spot Trading: In spot markets, you buy and sell cryptocurrencies for immediate delivery. Once your order is filled, you directly own the asset. For example, buying 1 BTC for 100,000 USDT on the spot market means you now hold 1 BTC in your account.

Futures Trading: In contrast, futures markets allow you to trade contracts representing the value of an asset without owning the underlying cryptocurrency. When you open a long BTC position in the futures market, you do not own actual BTC; rather, you hold a contract that gives you the right to profit from price movements.

The primary advantage of futures trading is that you can profit from both rising and falling markets, choosing to go long(betting on price increases) or short (betting on price decreases).

Leverage: Amplifying Your Positions

Leverage is one of the most powerful tools in futures trading, enabling you to control large positions with a relatively small amount of capital.

How Leverage Works:

If 1 BTC is trading at 100,000 USDT and you want to buy 1 BTC on the spot market, you’ll need 100,000 USDT. However, with 100x leverage in the futures market, you only need 1,000 USDT as margin to open the same 1 BTC long position.

This capital efficiency is one of the biggest draws of futures trading but also comes with significant risk, as both profits and losses are magnified.

Margin Requirements on CoinW

To trade futures with leverage, CoinW requires you to maintain margin, which comes in two forms:

• Initial Margin: The amount of collateral required to open a leveraged position. Higher leverage reduces the initial margin needed but increases risk.
   
• Maintenance Margin: The minimum margin required to keep a position open. If your margin balance falls below this level, CoinW may liquidate your position to cover potential losses.

Margin Modes: Isolated vs. Cross Margin

CoinW offers two margin modes to help traders manage risk effectively:

• Isolated Margin Mode: Allocates a fixed amount of margin to a specific position. Losses are limited to the margin allocated to that position.
  
  
  • Example: If you open a 1 BTC position with 100x leverage using 1,000 USDT in isolated mode and the position is liquidated, you lose only that 1,000 USDT.
     
• Cross Margin Mode: Shares margin across all open positions. Unrealized profits from one position can offset losses in another, but it also means that a liquidation on one position could impact your entire account balance.
  
  
  • Example: With cross margin, if your BTC long position moves against you, CoinW may use funds from your entire futures balance to prevent liquidation.

Merging and Splitting Positions

CoinW allows traders to manage multiple orders under the same trading pair using:

• Merge Mode: Combines multiple orders of the same pair and direction into one position, with an average entry price. Margin and liquidation prices adjust accordingly.
   
• Split Mode: Displays each order separately, with individual entry prices, margins, and liquidation prices.

Understanding Liquidation Risks

Liquidation occurs when your margin balance is no longer sufficient to maintain your position.

• In isolated mode, liquidation affects only the margin allocated to that specific position.
   
• In cross mode, liquidation can impact your entire futures account balance.
  How Liquidation Works?

If your margin ratio (which reflects the adequacy of your collateral) falls to 100% or below, CoinW’s liquidation engine will automatically close your position at the bankruptcy price to cover potential losses.

❗IMPORTANT❗ Leverage trading involves significant risks and should only be undertaken by experienced traders who understand the complexities and potential pitfalls associated with leveraging positions.

CoinW Copy Trading

CoinW's Copy Trading feature enables users to replicate the trading strategies of experienced traders in real-time. This functionality is advantageous for both novice and seasoned traders, allowing them to benefit from the expertise of others without the need for constant market monitoring.

Key Features of CoinW Copy Trading:

• Diverse Trading Options: CoinW supports copy trading for both spot and futures markets.
   
• Selection of Lead Traders: Users can browse through a curated list of proficient traders, evaluating their performance metrics to choose whom to follow. Once a trader is selected, all their trades are automatically mirrored in the user's account.
   
• Flexible Investment Settings: Followers can customize parameters such as investment amount and leverage ratios to match their risk tolerance and financial goals.

Risk Considerations

While copy trading offers a hands-off approach to investing, it's essential to recognize that all trading activities carry inherent risks and that losing trades are also copied to followers' accounts. Followers should conduct due diligence when selecting traders to follow and ensure that their investment choices align with their personal risk tolerance.

CoinW Earn

CoinW Earn provides users with an opportunity to generate passive income on their idle cryptocurrency holdings through a range of earn products, of which there are currently two: Flexible and Fixed Earn.

Flexible Earn

Flexible Earn allows users to deposit assets and earn daily interest while maintaining the ability to withdraw funds at any time. This option is ideal for those who want liquidity without sacrificing potential returns.

Key Features:

• Daily Interest Accrual: Earnings start accruing one day after subscription and are credited daily from the second day.
   
• No Lock-Up Period: Users can redeem their funds at any time.
   
• Wide Asset Support: Available for multiple cryptocurrencies.

Example: If you deposit 1 BTC into Flexible Earn today, interest begins accruing tomorrow, and your first earnings are credited on the day after that.

Fixed Earn

For those willing to commit to a longer-term investment, Fixed Earn offers higher returns in exchange for locking funds for a set period. This option is suited for users looking for predictable yields over a defined duration.

Key Features:

• Higher Interest Rates: Fixed Earn offers better returns compared to Flexible Earn.
   
• Various Lock-Up Periods: Choose from multiple term options, such as 7 days, 30 days, or longer.
   
• Interest Paid at Maturity: Earnings are credited in full upon the completion of the lock-up period.

Example: If you subscribe to a 30-day Fixed Earn plan, your interest will accrue daily, but the total earnings will only be credited to your account when the 30-day term ends.

Fees on CoinW

CoinW employs a tiered fee structure based on VIP levels, determined by your holdings of CWT, the native token of the exchange. As your VIP level increases, trading fees for spot trading decrease. Here’s a table showcasing the different levels:

When it comes to futures trading, then CoinW has fixed maker and taker fees of 0.01% and 0.06% respectively. 

Like most exchanges, CoinW charges zero deposit fees for crypto. Withdrawal fees are dynamically adjusted based on network conditions, such as congestion and transaction size.

Trading Bots on CoinW

CoinW offers a range of automated trading bots designed to help users execute strategies without constant market monitoring. These bots can be useful for traders who want to automate their strategies, but it is important to remember that trading bots carry risks and should be regularly monitored to optimize performance. Let’s break down the different types of bots available on CoinW.

Futures Grid Bot

The Futures Grid Bot operates 24/7, automatically placing buy and sell orders within a set price range. This bot is ideal for volatile markets, as it takes advantage of price fluctuations by buying low and selling high within predefined grid levels.

• Automated Buy Low, Sell High: Executes continuous trades within a preset range.
   
• Optimized for Volatility: Suitable for markets with frequent price swings.
   
• Customizable Grid Parameters: Users can define the price range and number of grid levels for order placement.
   
• Example: If BTC is trading at $100,000, the bot might place buy orders at $99,000 and $98,500, with sell orders at $101,000 and $102,000.

Futures Martingale Bot

The Futures Martingale Bot employs a classic averaging strategy by increasing position sizes during market dips, aiming to lower the average entry price and maximize profits during recoveries.

• Capture Market Dips: Automatically scales into positions as prices drop.
   
• Progressive Position Sizing: Increases order size following a loss to recover more quickly on a rebound.
   
• Example: If the bot opens a $100 position and the market dips, the next position will double to $200. This continues until a profitable trade or stop-loss trigger.

Futures CTA Bot

The Futures CTA Bot utilizes automated trading signals and technical indicators to capture opportunities in the futures market. This bot is suitable for traders looking for a more data-driven and automated trading approach.

• Algorithmic Signal Capture: Uses real-time technical indicators to open and close positions.
   
• Trend-Following Strategy: Automatically adapts to market trends to capitalize on price movements.
   
• Real-Time Monitoring: Continuously monitors the market for optimal entry and exit points.
   
• Example: If the bot detects a breakout above $100,000 for BTC based on technical indicators (e.g., moving averages or RSI), it will automatically open a long position and close it when a sell signal is triggered.

Spot Grid Bot

The Spot Grid Bot functions similarly to the Futures Grid Bot but is designed for the spot market. It automatically places buy and sell orders within a preset price range, making it suitable for taking advantage of volatile price movements without leverage.

• 24/7 Automated Trading: Continuously buys low and sells high.
   
• Optimized for Volatility: Performs well in sideways markets.
   
• Customizable Entry Ranges: Users can set upper and lower price limits for grid trading.

Auto-Invest Bot

The Auto-Invest Bot is designed for long-term, recurring investments using a cost-averaging strategy. It helps users accumulate assets over time, reducing the impact of market volatility.

• Recurring Buys: Automates periodic investments.
   
• Cost Averaging Strategy: Lowers the impact of market swings.
   
• Long-Term Focus: Suitable for building a diversified portfolio over time.

CoinW Referral Program

CoinW’s Referral Program offers a simple way for users to earn passive income by inviting others to trade on the platform. With a generous commission rate and easy sharing options, it’s a great opportunity to benefit from the growing crypto market while helping friends get started with CoinW.

Key Features of the CoinW Referral Program:

• 40% Commission Rate: CoinW offers an 40% commission on the trading fees generated by your referrals, which tends to be higher than on other platforms like Toobit. 
   
• No Earnings Limit: There’s no cap on how much you can earn. The more friends you refer—and the more they trade—the greater your potential earnings. 

Closing Thoughts

CoinW has established itself as a notable contender in the cryptocurrency exchange landscape, offering a broad suite of features designed to accommodate traders of all experience levels. From its competitive trading fees to its diverse range of products, including Copy Trading, Auto-Invest, and Earn programs, CoinW provides a comprehensive trading experience tailored to both beginners and seasoned investors.

However, there’s room for improvement. Introducing a dedicated proof-of-reserves page that allows users to independently verify their holdings would be a valuable addition. As transparency becomes increasingly important within the crypto industry, such a feature would help strengthen user confidence. Additionally, while CoinW offers robust security options, including 2FA and trading passwords, these are not enabled by default, leaving new users exposed to unnecessary risk. Enabling these security measures automatically during account creation could significantly enhance user protection.

All things considered, despite these areas for improvement, CoinW remains a competitive exchange, delivering a well-rounded selection of features that meet the expectations of most traders. Its combination of a user-friendly interface, advanced trading tools, and passive income opportunities makes it a compelling choice for a wide range of crypto enthusiasts. With a few enhancements, CoinW could solidify its position as a top-tier exchange in the market.

Disclaimer: This is a paid review, yet the opinions and viewpoints expressed by the writer are their own and were not influenced by the project team. The inclusion of this content on the Coin Bureau platform should not be interpreted as an endorsement or recommendation of the project or product being discussed. The Coin Bureau assumes no responsibility for any actions taken by readers based on the information provided within this article.