CoinEx review
CoinEx is a centralized exchange offering spot, margin, and futures trading to unverified accounts. These accounts can withdraw up to $10,000 every 24 hours and $50,000 every 30 days. Completing primary ID verification increases the daily withdrawal limit to $1,000,000 and is necessary for fiat trading, P2P, and transferring privacy coins. CoinEx reserves the right to request KYC from any customer at any time. CoinEx does not serve customers in the US. Following a New York Attorney General consent order, CoinEx paid over $1.7 million for not registering as a broker-dealer. In our view, CoinEx is suitable for crypto-only traders who remain within these limits.
ID above a limit
CoinEx asks for ID above a limit, per its own pages.
Choose CoinEx if
Who CoinEx suits, from the values on this page.
CoinEx might not be the right fit if
- You want to skip ID checks: CoinEx's terms let it ask for ID.
- You do not want an account: CoinEx needs one.
- You live in the US: CoinEx is not available there.
- You want a service with no incident on record: CoinEx had one in 2026.
Inside CoinEx
What you get with CoinEx
Yes, no or partly, from our dataPrivacy 0 of 6
- No IDNo
- No accountNo
- Tor built inNot statedNot statedCoinEx's own pages we checked do not say. This is not the same as no.
- Onion addressNoNone published
- I2P addressNoNone published
- Works without JavaScriptNot statedNot statedCoinEx's own pages we checked do not say. This is not the same as no.
Coins 0 of 4
- BitcoinNot statedNot statedCoinEx's own pages we checked do not say, checked Oct 15, 2026. This is not the same as no.
- MoneroNot statedNot statedCoinEx's own pages we checked do not say, checked Oct 14, 2026. This is not the same as no.
- LightningNot statedNot statedCoinEx's own pages we checked do not say, checked Oct 14, 2026. This is not the same as no.
- ZcashNot statedNot statedCoinEx's own pages we checked do not say, checked Oct 15, 2026. This is not the same as no.
Custody and code 0 of 3
- You hold the keysNot statedNot statedCoinEx's own pages we checked do not say, checked Oct 14, 2026. This is not the same as no.
- Open sourceNot statedNot statedCoinEx's own pages we checked do not say, checked Oct 14, 2026. This is not the same as no.
- Address screeningNot statedNot statedCoinEx's own pages we checked do not say. This is not the same as no.
When can CoinEx ask for your ID?
Above a limit, per CoinEx's own pages. Labels come from each provider's terms, never from our guess.
- 1Never, by designNo company holds your order, so nobody can ask
- 2Only if you chooseID only for extras you opt into
- 3If a payment is flaggedNo ID by default; checks when a risk system flags you
- 4Above a limitCoinEx is on this stepID once you pass a stated amount
- 5AlwaysID before you trade, deposit or withdraw
If a check comes and you do not pass it
Failure or refusal to complete a KYC request may lead to restriction, suspension or termination of the account or other measures; flagged transactions or accounts can be suspended pending investigation; accounts connected to a prohibited jurisdiction or to circumvention (VPN, proxy) can be restricted, suspended or terminated and associated funds frozen without prior notice.
“Users shall cooperate with such requests. Failure or refusal to complete required verification may result in restriction, suspension, or termination of the user's account, or other measures deemed appropriate by the platform. [...] the platform may take further action, including but not limited to suspending the relevant transaction or account pending investigation.”
What triggers a check: Withdrawals above $10,000 per 24 hours or $50,000 per 30 days; fiat trading; P2P trading; promotional events (CoinEx Tradeboard, Mining, Airdrop Station); privacy coins transfer (deposits and withdrawals of privacy coins); at any time, including account security incidents, suspicious transaction activity, regulatory requirements or other compliance considerations; unfreezing a self-frozen non-KYC account that has deposit or withdrawal records (government ID, selfie, counterparty screenshots)
Not stated on CoinEx's pages: fee on refusal, refund policyCoinEx's own pages we checked do not say. This is not the same as no.
Checked October 22, 2026
What CoinEx costs
| What | CoinEx |
|---|---|
| Trade fee | Tiered VIP fee schedule based on CET holdings, total asset value or 30-day spot or contract volume; paying fees in CET gives an 8% discount. Base rates not checked (fee page behind the US geo wall). |
| No-ID limit | Withdrawals up to 10,000 USD per 24 hours and 50,000 USD per 30 days; spot, margin and futures trading and Earn available; no fiat trading, P2P, promotional events or privacy coin transfers without ID. |
What CoinEx knows about you
Who sees what during a trade, and who runs it.
During a trade
No ID check does not make a bank payment private.
Network and who runs it
- Warrant canary
- Not published
Checked October 22, 2026
Track record and code
One regulator settlement (NYAG 2023), one hot wallet hack (2023), three regulator warnings on I-SCAN.
Incidents
- 2026Feb 21, 2022 to Mar 30, 2026: Investor warnings listed on IOSCO I-SCAN: Spain CNMV (HTTPS://WWW.COINEX.COM/, 2022-02-21), Quebec AMF (CoinEx Global Limited, 2024-11-01), Singapore MAS (Coinex Foundation Ltd. (Coinex.com), 2026-03-30).
- 2023Sep 12, 2023: CoinEx reported anomalous withdrawals from several hot wallet addresses (ETH, TRON, MATIC) and said all affected users will receive 100% compensation; on-chain analysts put the unauthorized outflow at more than $27 million at the time (press report quoting CoinEx's X post).
- 2023Jun 15, 2023: New York Attorney General consent order: CoinEx pays more than $1.7 million (refunds of $1,172,971.50 to 4,691 New York investors and more than $600,000 in penalties) for failing to register as a securities and commodities broker-dealer; must geoblock New York, may not open new accounts for U.S. customers.
Checked October 22, 2026
Community
Discussions about CoinEx on Reddit (opens in a new tab) (r/Coinex)
More facts we checked on CoinEx
- Onion address
- Not published
- I2P address
- Not published
CoinEx in the US and elsewhere
In the US
US availability: Not available
If you are a US person, US sanctions rules apply to you whether or not a service asks for ID.
Outside the US
Where CoinEx does not serve
12 places in its terms- United States of America
- The People’s Republic of China
- Hong Kong SAR
Canada- European Economic Area
United Kingdom
Switzerland- Kazakhstan
Iran- North Korea (DPRK)
Cuba- Any other jurisdiction subject to comprehensive embargoes or sanctions by relevant authorities
Show all 12 places+6 moreShow fewer
Regional rule: Not statedCoinEx's own pages we checked do not say. This is not the same as no.
- Site blocks by region
- United States of America; The People’s Republic of China; Hong Kong SAR; Canada; European Economic Area; United Kingdom; Switzerland; Kazakhstan; Iran; North Korea (DPRK); Cuba; Any other jurisdiction subject to comprehensive embargoes or sanctions by relevant authorities
Where you live and the provider's terms
Many services on this page do not serve every country. Some exclude people because of where they live or their citizenship, not only where they connect from. Read the provider's terms before you send funds. If the terms exclude you, do not use the service, and do not try to get around the restriction, for example with a VPN.
Taxes
A service that does not ask for ID does not change your taxes. In the US, the federal income tax return asks a yes-or-no question about digital assets, and you must report digital asset transactions whether or not they result in a gain or loss. In the UK, you may owe Capital Gains Tax when you sell, swap or spend crypto, and you must keep your own records. Rules in other countries differ.
No KYC is not anonymity
"No KYC" here means the provider says it does not ask for ID in the cases its terms describe. It does not make you anonymous. CoinEx's terms say it can ask for ID in these cases: Withdrawals above $10,000 per 24 hours or $50,000 per 30 days; fiat trading; P2P trading; promotional events (CoinEx Tradeboard, Mining, Airdrop Station); privacy coins transfer (deposits and withdrawals of privacy coins); at any time, including account security incidents, suspicious transaction activity, regulatory requirements or other compliance considerations; unfreezing a self-frozen non-KYC account that has deposit or withdrawal records (government ID, selfie, counterparty screenshots). Regulated exchanges you send funds from or to may have to collect information about who sends and who receives a crypto transfer. Your tax duties stay the same.
Funds can be held
If a provider asks for more information during a swap or a withdrawal, it may hold your funds until it gets it. Its terms decide what happens next. In the UK, a crypto business that asks for information on a transfer to or from a self-custody wallet, and does not receive it, must not pass the funds on. Read what the provider's terms say before you send. CoinEx's terms say that if a check is requested and not completed: failure or refusal to complete a KYC request may lead to restriction, suspension or termination of the account or other measures; flagged transactions or accounts can be suspended pending investigation; accounts connected to a prohibited jurisdiction or to circumvention (VPN, proxy) can be restricted, suspended or terminated and associated funds frozen without prior notice.
Checked October 22, 2026
Exchanges to compare with CoinEx
Other active services in this category from our list. The shield shows each one's ID rule from its own terms.
CoinEx side by side
From our privacy data, the same fields for every service| What | CoinEx | Crypton Exchange | NonKYC.io | BloFin | Pionex | Toobit |
|---|---|---|---|---|---|---|
| ID rule | ID above a limit | No ID, by design | No ID, by design | ID above a limit | ID above a limit | ID above a limit |
| Account | Needed | Not stated | Needed | Needed | Needed | Needed |
| You hold the keys | Not stated | Not stated | No | No | No | No |
| Monero | Not stated | Not stated | Yes | No | No | No |
| Lightning | Not stated | Not stated | No | Not stated | No | No |
| Open source | Not stated | Not stated | No | No | Not stated | Not stated |
Checked October 23, 2026
Short answers about CoinEx
From the data on this page.
Does CoinEx ask for ID?
CoinEx asks for ID above a limit, per its own pages. You need an account.
How much can you trade on CoinEx without ID?
10,000 USD per 24 hours, withdrawals.
What does CoinEx cost?
Trade fee: Tiered VIP fee schedule based on CET holdings, total asset value or 30-day spot or contract volume; paying fees in CET gives an 8% discount. Base rates not checked (fee page behind the US geo wall)..
Who checked this page
Sources, how we read the terms and our process
Sources
- ag.ny.gov/press-release/2023/attorney-general-james-recovers-17-million-cryptocurrency-platform-operating, for incidents, checked October 22, 2026
- ag.ny.gov/privacy-policy, for warrant canary, checked October 22, 2026
- coinex.com/en, for onion address and I2P address, checked October 22, 2026
- forklog.com/en/coinex-confirms-hack-of-hot-wallets, for incidents, checked October 22, 2026
- iosco.org/i-scan, for incidents, checked October 22, 2026
- support.coinex.com/hc/en-us/articles/27436563672601-AML-KYC-Policy, for what happens if a check fails and data collected, checked October 22, 2026
- support.coinex.com/hc/en-us/articles/360034457433-How-to-Increase-Withdrawal-Limit, for status, what triggers a check and account, checked October 22, 2026
- support.coinex.com/hc/en-us/articles/59334070059417-List-of-Prohibited-Jurisdictions, for excluded countries, US availability and site blocks by region, checked October 22, 2026
- support.coinex.com/hc/en-us/articles/900004308783-How-to-Get-Better-Trading-Fees, for fees, checked October 22, 2026
- support.coinex.com/hc/en-us/articles/900004309243-How-to-Complete-Primary-ID-Verification-Web, for ID rule and no-ID limit, checked October 22, 2026
How we read the terms
We do not give privacy services a score. We record what each provider's own pages say: when it asks for ID, the limits, who holds your coins and what it costs. Labels come from each provider's terms, never from our guess. How we read the terms
Our process
We take fees, availability, licenses and coin counts from primary sources: CoinEx's own fee schedules, terms and help pages, and the public registers kept by regulators. Every value carries the date we last checked it. The values on this page were checked on October 22, 2026.
Not legal or tax advice. This page explains how these services work and what their own terms say. It is general information, not legal, tax or financial advice. Rules differ by country and change often. Check the rules where you live, or ask a qualified professional, before you use any service listed here.