Features of CoinEx

Among the wide range of products CoinEx provides are spot trading, margin trading, futures, and automated market-making (AMM) services. It backs about 400 trade pairs and more than 200 cryptocurrencies. The trade also combines features for financial management so users may effectively handle their assets. Using cutting-edge technologies, including multi-signature systems, physical system isolation, and real-time monitoring, the platform gives security first priority so that customers’ money may be kept safely.

User-Friendly Experience

Easy navigation of CoinEx’s user interface provides web and mobile access for flawless trading. After just completing a basic registration process, users can quickly register and begin trading. To further security, the platform offers two-factor authentication (2FA). With instructional tools, CoinEx guarantees that users—beginners or experienced traders—can remain current with the most recent advancements in the crypto landscape.

CoinEx Ecosystem

CoinEx’s ecosystem includes multiple services and products to enhance the user experience:

• CoinEx Exchange: A platform supporting various trading types including spot, margin, and futures.
• CoinEx Wallet: A decentralized wallet for multi-currency support.
• CoinEx Smart Chain (CSC): A decentralized and energy-efficient blockchain that allows developers to create decentralized applications (dApps).
• CoinEx Charity: A non-profit organization that supports global welfare activities using blockchain technology.

CoinEx Fees and Trading

Competitive trading fees from CoinEx are less than the industry norm. For big volume traders and those carrying CET (CoinEx Tokens), the fees drop even further. Generally free are deposits; withdrawal costs vary depending on the currency being used. Furthermore, the liquidity pools of the platform guarantee strong trading volumes for supported cryptocurrencies, so it is a perfect platform for regular traders.

CoinEx Security and Privacy

Top focus for CoinEx is security, implementing industry-leading technologies including HTTPS protocol, 2FA, cold wallet storage, and a rapid matching engine. Furthermore, assured by CoinEx are 100% reserves for user assets. Still, the site aligns with its privacy rules by sharing some user information for advertising or product suggestions.

Customer Support and Payment Methods

CoinEx offers email and other digital customer service around the clock. CoinEx always strives to enhance its offerings, even when some users have complained about difficulties with support. Payment options mostly consist in cryptocurrency; limited areas may use VISA or Mastercard for particular transactions.

CoinEx Token (CET)

CET (CoinEx Token), is based on the ERC-20 token standard; CoinEx has its token based on the Ethereum network. Trading any coin on the network using this token results in concessions and other advantages. The trading cost imposed by the users depends on the holding of these tokens. Usually, the daily trading value of the token falls between $1 million. On the platform, this token acts as petrol.

How to Open an Account at CoinEx?

1. Visit the CoinEx Website: Start by heading over to the CoinEx official website at https://www.coinex.com. Once there, you’ll find the sign up button waiting for you in the upper right corner.
2. Enter Your Details: You will be led to the registration page, from which you must enter your email address and create a safe password. Should you have a referral code, there is another space for it; it is optional. Before marking the box saying you have followed terms of service, be sure you read them. Click “sign up” then.
3. Verify Your E-mail: You’ll then receive an email verification code. Enter this code and click “confirm.”
4. Complete the Registration: That’s it! Your registration is complete once you have completed these steps; you are then ready to enter into your trading account and begin exploring CoinEx.

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The post CoinEx: A Global Crypto Exchange for All Traders appeared first on Coin Engineer.

The report indicates an increase of 117% compared to the first half of 2022 and a staggering increase of 1,800% compared to the first half of 2020. According to CoinGecko, Upbit is one of South Korea’s largest cryptocurrency exchanges with approximately $1.2 billion in 24-hour trading volume. Other major exchanges include Bithumb, Coinone, and Gopax.

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To take precautions against hacker attacks and strengthen security, Dunamu stated that it increased the ratio of funds held in Upbit’s cold wallets to 70%. Upbit also increased security measures for funds held in hot wallets.

Upbit Exchange ‘s subjected to a $50 million attack in 2019

Hackers could hack hot wallets more frequently than cold wallets. In cold wallets, users stored private keys offline on external hard drives and USBs. Upbit was subjected to a $50 million attack in 2019. However, since then Upbit has not experienced a single security breach, according to Yonhap. A Dunamu spokesperson:

“After the hacking incident in 2019, we took various measures to prevent repeated incidents like business by distributing our hot wallets and so far there has not been a single cyber breach. “

However, Upbit had to stop Aptos token services in late September because the platform did not recognize a fake token called “ClaimAPTGift.com“, and this fake token reached 400,000 Aptos. Seong-jung acknowledged that crypto hacks have generally increased, but called on the South Korean government to take more precautions:

“The Ministry of Science and Technology should conduct large-scale whitening trials and examine information security conditions in preparation for cyber attacks on virtual asset exchanges where frequent hacking.” Also, Seong-Jung added:

“The role of the Ministry of Science and Technology in administration and supervision is unclear. “

Cointelegraph reached out to Upbit for a comment but didn’t immediately receive a response. On the other hand, hackers attacked crypto exchanges with a series of attacks in September. The Hong Kong-based exchange CoinEx was attacked with $70 million in September following the compromise of a private key. The company stated that it would compensate for the lost funds. In a separate attack, Huobi Global’s HTX exchange lost $7.9 million in an attack on September 24.

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