Is It Legit & Safe in 2025?

CoinW is one of the fastest-growing crypto exchanges, letting you trade 1,000+ coins with deep liquidity, low fees, and solid security. It’s built for both beginners and pro traders worldwide. The best features of CoinW exchange are spot trading, futures, leveraged ETFs, copy trading, automated bots, staking, launchpad, P2P, mobile apps, APIs, and passive earn programs.

In this CoinW review, we will explore its fees, security, supported assets, trading tools, KYC tiers, country restrictions, and help you decide if it’s safe, legit, and worth using in 2025.

CoinW Review: What Is It?

CoinW is a global cryptocurrency exchange founded in 2017 that lets you buy, sell, and trade digital assets like Bitcoin, Ethereum, and hundreds of altcoins. It was started in Asia and is now headquartered in Dubai, United Arab Emirates. Today, the company claims to serve more than 15 million registered users and reports a daily trading volume of over $5 billion, making it one of the biggest exchanges by volume. 

Here, besides spot markets, you also get access to perpetual futures contracts, leveraged ETFs, copy trading, and automated trading bots. CoinW says it is available in over 200 countries, but does not serve certain restricted regions (more on that later). Also, there are mobile apps for Android and iOS, plus a web interface, so you can easily trade anywhere.

Is CoinW Legit & Safe in 2025?

Yes, most traders consider CoinW to be legit and reasonably safe because it uses modern security practices and complies with international guidelines, but yes you must still take care and manage your own risk. CoinW has not had any major public scandals, though there was a small hot‑wallet hack on a subsidiary in 2023, where around US$13 million of funds were stolen. But the good thing, the exchange covered the loss and tightened safety controls.

Security stack

CoinW implements multiple layers of security to protect your account and funds:

• 2FA: You can turn on several forms of two‑factor authentication (2FA), including SMS, email codes, Google Authenticator, and hardware authentication like U2F passkeys.
• Trading Password: Well, this six‑digit PIN is separate from your login password. So, even if someone somehow guesses your main password, actually they cannot trade your assets without the trading PIN.
• IP Monitoring: CoinW keeps an eye on IP addresses and login locations, and if it notices odd logins from various devices or nations, it will initiate additional verification.
• Cold Storage: CoinW uses multi-party computation (MPC) and multi-signature technology to store the majority of its customers’ assets in cold wallets. Hence, this implies that private keys are distributed among several devices and individuals, preventing any one individual from moving money on their own. Also, to enable quick withdrawals, a small amount is stored in hot wallets; but again, these wallets are safeguarded by real-time monitoring and internal risk control systems.
• WAF/DDoS: In order to filter malicious traffic and stop denial-of-service attacks, CoinW uses Web Application Firewalls (WAF) and DDoS protection against external threats.

Transparency and past incidents

CoinW keeps its communication channels fairly open. It runs a support center via Zendesk where you can see security policies, system upgrades, and step‑by‑step tutorials. 

So, as mentioned earlier, there was a US$13 million hot‑wallet exploit in 2023 affecting a third‑party service; CoinW reimbursed users and strengthened its risk controls. There haven’t been widely reported hacks or insolvency problems since then.

Compliance and KYC

CoinW actually follows know‑your‑customer (KYC) and anti‑money‑laundering regulations, but it is not mandatory; it lets unverified accounts trade up to a certain daily withdrawal limit.

• No KYC: Allows daily deposits, trading, and withdrawals up to 2 BTC
• Basic KYC: You can easily unlock higher withdrawal limits, allowing for up to 10 BTC per day
• Advanced KYC: Provides the highest withdrawal limits, with up to 100 BTC per day

CoinW operates legally in many regions, but it explicitly does not serve users from some countries, and that compliance policy is part of its commitment to follow local laws and sanctions. Mainly, the restricted list includes the United States, Canada, China (Mainland and Hong Kong), Japan, Iran, Iraq, and more.

Is CoinW Available in the US?

No, you cannot legally use CoinW in the United States, as the company’s compliance policy specifically lists the US as a restricted country due to regulatory requirements. So, that means US residents are blocked from signing up or trading on the platform. 

But remember, CoinW is a no-KYC exchange, so there is no hard rule here. Many U.S. users are using it. But we must warn you, if you attempt to bypass the block by using a VPN, your account may be frozen, and your funds are at risk. However, during our CoinW review, we didn’t find any widespread account frozen issues.

What Are CoinW’s Key Features?

CoinW offers a large suite of trading products aimed at both beginners and experienced traders. Here, you get spot markets, derivatives, various order types, copy trading, automated bots, and a robust mobile app.

Spot Trading

You can buy and sell cryptocurrencies at the current market prices using CoinW’s spot trading feature. The platform covers many of the popular coins like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA), as well as more recent memecoins and niche tokens.

Right now, it has over 1,500 trading pairs and about 1,000 listed tokens. Here, you can easily switch between various time frames and indicators. The charts are also powered by TradingView, and the trading interface is clear and easy to use. A “Buy/Sell” tab enables market orders with a few clicks for fast trades.

Well, one drawback we find is that the site can feel cluttered for new users because there are many product tabs, but once you get used to the layout, placing trades becomes really straightforward.

Stablecoins such as USDT and USDC serve as the primary base currencies on CoinW. So, it means that most trading pairs are against a stable value token instead of a fiat currency. You know, it is a common practice on crypto exchanges, and it keeps you out of the volatility of having BTC as a quote currency. 

In addition to stablecoin pairs, there are also Bitcoin-denominated markets for well-known altcoins, along with some test pairs such as Dogecoin against Shiba Inu. You can filter by volume, top gainers, or new listings, and there’s a favorites list where you can pin your favorite pairs.

Derivatives (Perpetuals/Leverage/Funding)

Derivatives trading on CoinW includes USDT‑margined perpetual contracts with leverage up to 200x or more, depending on the instrument. Here, futures contracts never expire, so you can hold positions indefinitely as long as you maintain margin requirements.

Also, there are separate markets for some of the major assets like BTC and ETH, as well as altcoin futures. CoinW also offers inverse contracts where the margin is denominated in the base cryptocurrency, although these are less popular.

The funding rate mechanism keeps the perpetual price close to the underlying spot price. So, when the funding rate is positive, longs pay shorts; when it is negative, shorts pay longs. These payments mainly occur every 4 to 8 hours, and CoinW does not charge a service fee for funding transfers; the fee only moves between counterparties.

Now, besides regular futures, CoinW features leveraged ETFs that amplify price movements without margin calls. So, for example, a 3x long BTC ETF will move three times the daily percentage change of Bitcoin. 

Another thing is the margin. CoinW offers both isolated and cross-margin modes. An isolated margin mainly ties your collateral to one position, limiting losses; but, cross margin shares collateral across your multiple futures positions and suits more of the advanced traders. You can also read our list of the best crypto futures trading platforms.

Order Types

The different CoinW order types are market order, limit, stop-limit, trailing stop, OCO, IOC, FOK, post-only, and iceberg order.

• Limit Order: You need to specify a price to buy or sell. The order sits in the order book until it can be matched at the chosen price or better. This is good for controlling entry and exit levels.
• Market Order: You can buy or sell immediately at the best available price. It takes liquidity and may lead to some slippage, but it is useful for fast execution.
• Stop Limit Order: You can set a trigger price and a limit price. So, when the trigger hits, a limit order is placed. It’s often used to stop losses or enter breakout trades.
• Trailing Stop Order: The stop price moves with the market price. This allows you to lock in profits as the market moves in your favor. The stop follows the price by a set percentage or amount.
• OCO (One‑Cancels‑the‑Other): You place two linked orders (usually a take‑profit and a stop‑loss). Now, when one executes, the other is automatically canceled.
• IOC (Immediate‑or‑Cancel): The order executes fully or partially immediately and cancels any unfilled portion. Well, this one is useful when you want quick fills at a certain price.
• FOK (Fill‑or‑Kill): The entire order must be filled immediately or else canceled. Actually, no partial fills are allowed here.
• Post Only: The order only adds liquidity and never takes liquidity. If it were to immediately match, it would be canceled. Hence, this ensures you always pay maker fees instead of taker fees.
• Iceberg Order: In this one, you can set a large order, but only a small portion is visible in the book. As the visible part fills, more of the hidden portion appears. Most of the whales or traders use this to avoid revealing large positions.

Copy Trading

Copy trading on CoinW lets you mirror the trades of experienced traders. Now, after browsing a leaderboard of popular “masters,” you can easily allocate a portion of your funds to automatically replicate their positions. Here, each master displays their historical returns, number of followers, and risk rating. And once you subscribe, the system will open and close trades in your account at the same time and price as the master. You can set maximum position sizes and stop copying at any time.

Mainly, copy trading is pretty attractive for new users who don’t have time to monitor charts, but obviously, it comes with risks. You know, past performance doesn’t guarantee future results, so a master might make aggressive trades that lead to large drawdowns. 

CoinW also charges a performance fee (often around 10%) on the profits generated by copy trading, which is paid to the master. Sometimes, there may also be delays between the master’s execution and your replication. Also, before following anyone, you need to take time to analyze their statistics. The leaderboard shows total ROI, win rate, maximum drawdown, and active time. Remember, traders with extremely high returns over short periods may be using high leverage, which can blow up quickly. So, it’s usually safer to follow traders with steady, moderate returns and transparent strategies. For more info, you can also read our in-depth guide on what crypto copy trading is.

Trading Bots

CoinW’s automated trading bots allow you to run strategies 24/7 without manual work. Here, the marketplace includes several best crypto trading bot types:

• Spot Grid Bot: This classic grid strategy places buy and sell orders at predefined intervals within a price range. So, when prices oscillate, the bot buys low and sells high. It’s suitable for sideways markets and can generate small, consistent profits.
• Futures Grid Bot: Similar to the spot grid but applied to perpetual contracts. You can set leverage levels and then eventually choose whether the bot is long or short biased.
• CTA (Commodity Trading Advisor) Bot: This bot automatically follows trend signals, and it may even use moving averages or other indicators to open long or short positions. It’s designed for trending markets, but can actually underperform in choppy conditions.
• Auto‑Invest (Dollar‑Cost Averaging) Bot: You need to pick a coin and an interval (e.g., weekly or monthly), and the bot buys a fixed amount at each interval. Mostly, this one is a long‑term accumulation strategy that evens out market volatility.
• Martingale Bots: Here, on some advanced markets, you can run Martingale‑style bots that double position sizes after losses. Well, these are quite risky and mainly for experienced traders who understand the compounding risk.

Also note, when setting up a bot, you can even choose between pre‑built templates and custom parameters. Templates provide recommended ranges based on historical volatility, which is helpful if you are unsure where to start, and with custom settings, you can define the upper and lower price boundaries, the number of grid levels, and whether the bot reinvests profits.

App & Tools

The CoinW mobile app is available for Android and iOS and supports all major functions: account creation, KYC, deposits, trading, and withdrawals. The app features biometric login options such as fingerprint or face unlock, and you can enable push notifications for order updates. Here, charts and order books are well‑optimized for smaller screens, though heavy derivatives traders may prefer the desktop version for full technical analysis tools.

Now, for developers and algorithmic traders, CoinW offers REST and WebSocket APIs that provide market data, order placement, and account management.

Also, beyond trading, CoinW offers earn products to help you generate passive income from your holdings. It has the Simple Earn program, which allows you to deposit popular coins into flexible or fixed savings accounts and earn some interest. You can easily stake coins like ETH or DOT directly through the app and earn rewards without running your own validator. Plus, CoinW also operates a Launchpad program for early access to new tokens.

What Are CoinW’s Trading Fees 2025

The CoinW trading fees are low, with spot trades starting at 0.1% and even lower when you use VIP tiers or pay with CWT tokens. It also does not charge deposit fees, whereas you only need to pay network fees when withdrawing crypto.

Maker/Taker (Spot & Futures)

For spot trading, the default CoinW maker fee is 0.10% and the default taker fee is 0.10%. So, it means you pay the same rate whether you add or take liquidity. Now, as your 30‑day trading volume increases or if you hold a certain amount of the platform token, you qualify for VIP levels that reduce your trading fees. The table below lists the current VIP tiers and corresponding fees:

For futures trading, fees are simpler: maker 0.01% and taker 0.06% for all kinds of contracts. And, there are no VIP discounts for futures at the time of writing. Because the fees are fixed and low, CoinW is popular among high‑volume futures traders.

Deposit & Withdrawal Fees

Deposits of cryptocurrencies into your CoinW account are free, and you only need to pay network fees when sending coins from your personal wallet to the exchange, and those fees go to miners, not CoinW. 

Now, for withdrawals, the fees depend on the cryptocurrency and the network selected. So, for instance, withdrawing Bitcoin on the main BTC chain may cost 0.00005 BTC to cover miner fees, while withdrawing USDT on ERC‑20 might cost 5 USDT or more due to gas fees. CoinW updates withdrawal fees regularly to reflect network conditions and does not add any markup; it simply passes along the blockchain cost.

Now, about fiat currencies: fiat deposits and withdrawals are mainly handled by third‑party partners, so fees vary by region and payment method. Here on CoinW, some users can buy crypto via credit card or bank transfer, but the partner may charge around 3-5% as a processing fee. CoinW itself does not handle fiat; it just integrates with providers like Banxa or Transak.

Which Assets and Limits Are Available on CoinW?

CoinW offers a very wide selection of digital assets. The exchange lists more than 1,000 coins and tokens, including large caps, DeFi tokens, NFTs, stablecoins, and memecoins. Plus, there are over 1,500 trading pairs, with many quote currencies like USDT, USDC, BTC, and ETH. 

Here, new listings appear frequently, so you might find newly launched tokens before they hit other crypto exchanges. But remember, liquidity is highest on major pairs (BTC/USDT, ETH/USDT, SOL/USDT) and can be thinner on smaller tokens, so always check order book depth before placing large orders.

KYC tiers and withdrawal limits

As noted earlier, CoinW uses KYC levels to set withdrawal limits. The following table summarizes the daily limits for each level. Also, remember that these limits reset every 24 hours and apply to the total of all coins measured in Bitcoin value.

So, if you need to withdraw more than 2 BTC in a day or use fiat payment features, completing higher KYC levels is actually necessary. But no worries, it usually takes less than one working day for CoinW to review your documents. Until then, you can still trade and deposit without limits.

Restricted countries and accessibility

CoinW is available in more than 200 countries and regions, but some jurisdictions are blocked. The exchange does not serve users from Afghanistan, Algeria, Bahamas, Bangladesh, Bolivia, Botswana, Burundi, China (Mainland and Hong Kong), Cambodia, Canada, Congo, Crimea, Cuba, Egypt, Nicaragua, North Korea, Pakistan, Panama, Qatar, Singapore, Somalia, Sri Lanka, Sudan, Syria, Tunisia, United States, Venezuela, Yemen, and Zimbabwe.

How to Use CoinW (Web & App)?

To use CoinW crypto exchange, you need to create an account using your email, complete KYC verification (optional), deposit funds, and start crypto trading.

Create an Account

1. Sign up: Go to the CoinW website or open the mobile app and click Sign Up. Now, enter your email or phone number and choose a strong password. You also need to read and accept the user agreement.
2. Verify contact: You will receive a verification code via email or SMS, so enter the code to confirm your contact information.
3. Set trading password: The system will prompt you to create a six‑digit trading password. Well, it is mandatory, but we recommend it, and you should memorize it, because you need it to place orders and withdraw funds.
4. Enable 2FA: Next, navigate to the security settings of the exchange and bind your Google Authenticator or another 2FA method you have. The extra step greatly improves your account safety.
5. Complete KYC (optional): You know, KYC is not mandatory, but still, if you plan to withdraw more than 2 BTC per day or use fiat services, go to the KYC section, upload your ID document, selfie, and proof of address. Now, wait for the review, which usually finishes within 24 hours, and mostly within 5-10 minutes.

Deposit Funds

You can easily deposit funds, and that can be done through cryptocurrency transfers, third‑party fiat payments, or peer‑to‑peer (P2P) trades.

1. Choose deposit method: You need to go to the “Wallets”, click “Assets Overview”, and then select “Deposit” next to the coin you want to fund. Now, if you are transferring crypto, choose the correct blockchain network (e.g., ERC‑20, BEP‑20, Arbitrum) and copy the deposit address. If you are into the fiat part, select a payment provider like Banxa or Mercuryo.
2. Send crypto: Paste the CoinW deposit address into your wallet and send the amount, and also make sure you select the same network on both ends; sending on the wrong network may lead to lost funds. Now, wait for blockchain confirmations, as deposits are usually credited after one or two confirmations for popular chains.
3. Use P2P: Also, in countries where direct bank transfers are not supported, you can use CoinW’s P2P marketplace. Here, all you need to do is select the currency, choose an offer from a seller with a good reputation, and follow the on‑screen instructions to transfer money to their bank account. And, when the seller confirms receipt, the crypto is released to you.
4. Check balance: After the transaction, you need to go back to “Wallets” to ensure the funds have arrived, and if the deposit does not show up within the expected time, you have to contact support with your transaction hash.

Place a Spot Trade

1. Navigate to Markets: You need to click the “Trade” tab on the web or app, and then select Spot to view spot markets. Now, browse the list or search for the pair you want (e.g., BTC/USDT).
2. Choose order type: On the trading page, you can choose between Limit, Market, or another order type. So, for a limit order, enter the price and amount you want to buy or sell. For a market order, you just have to enter the amount.
3. Enter trading password: You must enter your six‑digit trading password before confirming, as this acts as a final check to prevent accidental or unauthorized orders.
4. Place the order: Click Buy or Sell. Your order will appear in the open orders section, and you can even cancel it at any time before it is filled. Now, once filled, the funds will move from your base currency to the asset you bought.
5. Monitor positions: View your filled orders and balances. Also, if you want to trade derivatives, switch to the Futures tab, transfer funds from your spot account to the futures wallet, and follow similar steps.

FAQs

Is CoinW Legit & Safe?

Yes, CoinW is generally considered legitimate and safe due to strong security features like 2FA, multi‑signature cold storage, and anti‑phishing codes. The exchange has operated since 2017 without major security incidents, and today, it serves millions of users.

Is CoinW Available in the US? 

No, residents of the United States and several other regions (such as Canada and Japan) cannot legally open accounts. CoinW enforces these restrictions with IP checks. But, you know, it is a no-KYC exchange, so many people are using it without ID verification.

What Are CoinW’s Fees? 

The CoinW spot trading fees start at 0.1% for both makers and takers, and futures trading fees start at 0.01% for makers and 0.06% for takers. Also, holding CoinW’s CWT token can reduce spot fees to as low as 0.01%.

How Many Coins Does CoinW Support?

The platform lists more than 1,000 cryptocurrencies with over 1,500 spot pairs and roughly 300 perpetual futures contracts. It generally lists new tokens as soon as they hit the market. So, new tokens are added regularly.

Does CoinW Require KYC?

No, CoinW does not require KYC for basic trading, as it can be done without KYC, but withdrawals are capped at 2 BTC per day. Then, you need to complete KYC, it increases your limits and grants access to fiat gateways and the CoinW card.

Are Trading Bots Free on CoinW?

Yes, creating and running a basic bot is free, but some strategies may involve performance fees or require a subscription if they are built by third‑party developers. So, you need to always read the terms before enabling a bot.