In today’s world everything seems to be moving online. We order food with a tap using our phones; watch movies and play games on a screen, and even keep our money in some places you can’t touch. A few years back, many of us only heard about “banks” when we needed a safe place for our physical cash or any valuable items. Now there’s a new kind of money that only exist on the internet, it’s known as cryptocurrency. It’s not in a printed form, or in a treasury box but and it can be moved across the world in just seconds.
To some people, the word “cryptocurrecy” sounds like a mystery to them. They’re still trying to understand how people make money through trading.
However, cryptocurrency is just another way you can save and send money online, the same way you send text messages or share photos and documents through you phones or computers. With just your computer, you can trade and make money through crypto. You don’t need anyone’s approval to do this, not even the bank, the government or any financial organization.
Furthermore, the world of digital currency is just getting started and there are lots of questions people ask concerning:
- How can one make money through crypto?
- How do I keep it safe and private to avoid being exposed to online fraudsters?
- How do I convert one kind of crypto into another?
- And where do I even start from?
That’s where platforms like CoinEX simple comes in. It is a friendly marketplace where you can swap your digital coins, see the exchange rate and fee clearly and also feel a little bit in control. With this, let’s look into CoinEX supported countries and what the platform has in store for new traders.
What is CoinEX?
CoinEX is a digital marketplace where you can buy and sell your digital coin. As a trader in CoinEX you’ll have the opportunity to meet other buyers and sellers who are ready to trade with you.
A small fee is being taken from your account whenever you make any trading. This helps to maintain the platform and in return you’ll be left with most of the money used for the trade.
In CoinEX, there are different coins to buy and sell, CoinEX also helps you to find the perfect match for all your trade.
Furthermore, CoinEX is made for people who are just starting out or have some experience with trading. As a beginner, you can start with this platform and forget about the big exchange platforms because CoinEX is mainly for traders who prefers easy trading platforms.
In addition, CoinEx supports different languages, you can switch to your preferred language and trade comfortably.
CoinEX gives you the privilege to save up some of your coin in the platform while you earn some percentage for it over time. It’s like a fixed deposit but with cryptocurrency.
You can also earn bonus coin when you invite someone to join and start using CoinEX through your referral code. You don’t need to pay any fees for referral, just promote the platform, get people to join and earn your rewards. Before you can use this platform, your location must be among the CoinEX Supported Countries.
How CoinEX Works
Below is a guide on how to sign up on CoinEX platform.
- Go to the site, sign up using your phone or computer. Follow the steps, and fill in all the basic information provided, then complete the registration using the code sent to your email. After the registration process, your account will be verified, that way, you can have full access to use CoinEX.
- After, the verification process, login into your account, click on the security tab, find the two-factor authentication and choose how the authentication code will be sent to you, either through Google Authentication or SMS. Enter the code that will be sent for the activation of the 2FA. This process helps to keep lock down your account and makes it harder for anyone to gain access into your account.
- Add your coin into your deposit account and local currency if your location permits it. Follow the crypto address for coin deposit and bank instruction for local currency transfer or E-wallet transactions. Wait for the confirmation of your deposit.
- Once your balance has being updated, you can start trading, stake or withdraw from your account.
List of Countries Where CoinEX is Supported
Look carefully to know if your country is among the CoinEX Supported Countries:
Europe
Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg,, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Iceland, Liechtenstein, Norway, Russia and United Kingdom.
Africa
Nigeria, South Africa and Kenya.
Asia
India, Japan, Philippines, South Korea, Singapore, Indonesia, Malaysia, Thailand
and Vietnam.
South America
Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay and Venezuela.
Oceania
Australia, New Zealand, Fiji, Papua New Guinea, Kiribati, Samoa and Vanuatu.
List of States Where CoinEX is Supported in the USA
Currently US residents are restricted from creating an account with CoinEX, due to non compliance with the US rules. CoinEX never got a full license from the US government. CoinEX were letting people trade coins without undergoing the proper registration. The platform was banned because it wasn’t fully compliant with the regulations.
However existing customers before the fallout can only withdrawal their funds, no trading is permitted and you cannot create a new account on the platform.
CoinEX Alternative Platforms:
- Bitunix
- Phemex
- StormGain
- BingX
- KuCoin
- Binance
- MEXC
- OKX
Conclusion
If you’re looking for an easy exchange platform, consider joining CoinEX. It has a fair range of exchange pairs. You can lock up your funds or digital currency and get extra bonus for it.
However, when you’re trading on leverage position, you’re locking up digital funds and not the local currency.
Leveraging gives you the ability to use a small percentage of your crypto to borrow funds. You can borrow 3X, 5X or more depending on how much risk you’re willing to take. The higher the borrowed funds, the higher your profit or loss depending on the outcome. Therefore, trade wisely.
CoinEX is accepted in some countries; in case your country is not among the CoinEX supported countries, you can explore similar CoinEX alternatives. Choose the one that suites your location and start trading.