WEEX Review

Our verdict: in our view, WEEX is a strong choice for active traders who want a long market list, futures with high leverage and simple entry-tier fees. WEEX was founded in 2018 and says it serves 6.2 million users across 150+ countries. In its public market data we counted 1,173 crypto assets and 1,022 perpetual futures contracts, with leverage of up to 400x on BTC and ETH.

As a global crypto exchange, WEEX offers spot trading, perpetual futures, copy trading, P2P trading and an earn product. Spot trades cost 0.10% for maker and taker orders at the entry tier, futures 0.02% maker and 0.08% taker, and a Bitcoin withdrawal a fixed 0.00016 BTC. WEEX also keeps a 1,000 BTC protection fund in a public Bitcoin address and publishes proof-of-reserves snapshots.

WEEX suits you if:

• you trade futures or copy other traders: leverage goes up to 400x, and a lead trader's share is 10% of your net profit from copied trades;
• you want one flat spot fee of 0.10% on almost every pair at the entry tier;
• you want to look up the reserves yourself: WEEX publishes the protection fund address and its proof-of-reserves ratios.

WEEX may not be ideal for you if:

• you live in a country its terms exclude (see the availability section below);
• you are new to crypto and want a guided buy flow.

We rate WEEX higher for functionality and scope than for ease of use for beginners. Simpler options for newcomers are available in our Coinbase review and Bitpanda review. For a futures platform with even more coin options, consider our MEXC review.

WEEX at a glance

• Operator: WEEX International Exchange LTD, as named in US regulator records. WEEX's terms do not name a company and are governed by the laws of Saint Vincent and the Grenadines.
• Founded: 2018. Status: active.
• Headquarters: not disclosed.
• Users: 6.2 million across 150+ countries, according to WEEX.
• Registrations: money services business with FinCEN and with FINTRAC. No license named.
• Crypto assets: 1,173 by our count, plus tokenized stocks and ETFs.
• Futures: 1,022 USDT-margined perpetual contracts, up to 400x leverage.
• Spot fees, entry tier: 0.10% maker, 0.10% taker.
• Futures fees, entry tier: 0.02% maker, 0.08% taker.
• BTC withdrawal fee: 0.00016 BTC, a fixed amount in WEEX's schedule.
• Protection fund: 1,000 BTC in a public address.
• Proof of reserves: published per coin.

Trading on WEEX

Spot trading

WEEX's Spot Trading Interface

WEEX's spot market is broad: in its public market data we counted 1,173 crypto assets, stablecoins and gold tokens included, and 1,637 spot pairs. Tokenized stocks and ETFs trade there too but are not in our coin count. Charts run on TradingView.

Futures and TradFi

WEEX's Perpetual Futures Trading Interface

Futures are WEEX's core product. It lists 1,022 USDT-margined perpetual contracts, with leverage of up to 400x on BTCUSDT and ETHUSDT and on the gold and silver contracts XAUTUSDT and XAGUSDT. Through WEEX TradFi, part of that list, you can trade perpetual contracts on precious metals, stocks and crude oil with USDT as margin. In our view, leverage this high is a tool for experienced traders: a small price move can wipe out a position.

Copy trading and demo futures

WEEX's Copy Trading Interface

Copy trading enables you to follow an Elite Trader and replicate their trades automatically, including losses. WEEX reveals the lead trader's share, which is 10% of your net profit from copied trades. Identity verification is required for copying. The demo mode provides newly registered users with 50,000 USDT in demo funds for BTC and ETH futures and allows for a 5,000 USDT top-up, with a 72-hour wait between requests.

Buying crypto, P2P and earning

To buy crypto with money, WEEX lists third-party providers such as Alchemy Pay, OSL, and MoonPay. Payment methods include Apple Pay, Google Pay, Visa, Mastercard, bank transfers, SEPA, PIX, and UPI. Identity verification is needed to start P2P trading. Auto Earn pays daily interest on USDT from 0.01 USDT on balances up to 10,000 USDT after KYC, though not in every region. WEEX also offers staking but has no NFT marketplace.

Fees

WEEX's fee page shows one schedule, with no regional variants. At the entry tier, VIP 0, the cost for spot trades is 0.10% for both maker and taker orders on nearly all pairs, while futures cost 0.02% for maker orders and 0.08% for taker orders.

There are nine VIP levels, from VIP 0 to VIP 8, which lower the rates as your trading volume, asset balance, or WXT holdings increase. At VIP 8, spot trades cost 0.0048% for maker and 0.018% for taker, while futures are 0.010% for maker and 0.040% for taker. Levels are recalculated daily, with a 14-day protection period if you no longer meet the requirements.

What a trade costs: a worked example

Consider sending USDT to WEEX, buying bitcoin on the spot market, and transferring it to your wallet:

• Deposit the USDT: WEEX charges no deposit fee. The sender bears the network fee.
• Buy the bitcoin: 0.10% at the entry tier for a limit (maker) or market (taker) order.
• Withdraw the bitcoin: a fixed 0.00016 BTC on the Bitcoin network, with a minimum withdrawal of 0.002 BTC.

The BTC fee is a fixed amount in WEEX's own schedule rather than an estimate of the network fee. USDT on the Tron network costs 1.5 USDT to withdraw, with a 10 USDT minimum. We give no figure for ETH or for USDT on Ethereum, because WEEX's fee page and its public API list different amounts for them.

The WXT token

WXT is WEEX's token, launched in August 2023 as an ERC-20 token with an initial supply of 10 billion. WEEX reports 4,317,110,783 WXT have been burned in total, beginning with a burn of 4 billion on January 31, 2025. Holding WXT helps with VIP levels and provides access to WE-Launch and a higher copy-trading commission share.

Security, proof of reserves and the protection fund

WEEX's protection fund holds just over 1,000 BTC in the public Bitcoin address bc1qeg5xn5plttr7w045apm92yx08c2swc6yw2vtj7, which anyone can look up on a block explorer. WEEX says the fund covers losses that occur through no fault of the user, not trading losses; its terms describe it as supplemental coverage at WEEX's sole discretion, not insurance.

The proof-of-reserves page compares user holdings with WEEX's own holdings per coin. In the snapshot we read, reserves covered 146.39% of user BTC, 124.46% of user ETH and 100.02% of user USDT. The page carries the word "Audited" but names no auditor. In our view, the ratios are WEEX's own figures until an auditor is named.

For your account, WEEX offers two-factor authentication with an authenticator app or SMS, and its help center recommends the app over SMS. You can also set a withdrawal address whitelist and an anti-phishing code. WEEX says it keeps most user assets in cold storage and separates hot and cold wallets with multi-signature protection.

Regulation and where WEEX is available

WEEX's terms of use name no legal entity and are governed by the laws of Saint Vincent and the Grenadines, with arbitration seated in Kingstown. US regulator records name the operator as WEEX International Exchange LTD; WEEX does not disclose a headquarters or the company's place of incorporation.

WEEX International Exchange LTD is registered with FinCEN as a money services business (MSB), and a second company, WEEX International Ltd., is registered with the Canadian financial intelligence unit FINTRAC for virtual currency. Both are registrations, not licenses: FinCEN states that it does not recommend, approve or endorse any business that registers as an MSB. WEEX says it holds licenses in several countries and regions but does not name them, and it is not listed in the European register of authorized crypto-asset service providers.

In Arkansas, the Securities Department ordered WEEX International Exchange LTD in December 2024 to cease and desist all money transmitter activity in the state until properly licensed, and a cease-and-desist order from the Georgia Department of Banking and Finance over money transmission without a license became final in March 2025.

US and Canada

WEEX's terms of use list the US, its territories and Canada among the jurisdictions where WEEX does not offer its services, alongside South Korea, mainland China, Hong Kong, Singapore, the United Arab Emirates, Russia and others. Residents of these places may not open an account. The WEEX app is listed in Apple's US App Store, but that does not change the terms. If you live in the US, start with our list of exchanges for US customers or our page Is WEEX available in the US?

Who should look elsewhere

In our view, WEEX is built for traders who already know how futures, leverage and liquidation work. Three groups are better served elsewhere:

• Beginners in the US: Coinbase serves customers in the US, and we rate it higher for beginner friendliness; see our Coinbase review.
• Beginners in Europe: Bitpanda is authorized under MiCA through Bitpanda GmbH in Austria, offering savings plans. See our Bitpanda review.
• Active traders who want even more coins and lower futures fees: MEXC lists more crypto assets by our count, charges 0.00% maker and 0.02% taker on its BTC and ETH perpetuals at the entry tier and publishes a monthly proof of reserves; see our MEXC review.

For more platforms by trading style, see our list of exchanges for leverage trading.

FAQ

Is WEEX legit?

WEEX has operated since 2018 and publishes the address of its 1,000 BTC protection fund and its proof-of-reserves ratios. On the other side, it names no license, its FinCEN and FINTRAC entries are registrations, and regulators in Arkansas and Georgia have issued cease-and-desist orders over unlicensed money transmission. In our view, WEEX is an established platform for active traders in the countries it serves, without the oversight that comes with a license.

Is WEEX available in the US?

No. WEEX's terms of use exclude the United States and its territories, as well as Canada, and residents of these places may not open an account. Its FinCEN registration does not change this. US readers can compare the options in our list of exchanges for US customers.

Does WEEX charge withdrawal fees?

Yes, each coin and network has its own fee. Bitcoin withdrawals on the Bitcoin network cost a fixed 0.00016 BTC with a minimum of 0.002 BTC, and USDT on the Tron network costs 1.5 USDT with a 10 USDT minimum. Crypto deposits carry no WEEX fee.

Does WEEX require KYC?

For some products. You can open an account with just an email or phone number, but identity verification is needed for specific products and account situations, such as P2P trading, copy trading, and Auto Earn. Higher daily withdrawal limits are available with advanced verification. WEEX uses Sumsub and indicates manual reviews are generally completed within three working days.