WEEX Exchange 2023 review: user-friendly and secure crypto platform

WEEX Exchange is a global and regulated crypto exchange that offers a user-friendly interface and advanced risk management tools. 

Introducing WEEX

WEEX is a web3 cryptocurrency exchange founded in 2018 and based in Singapore. 

The platform offers features for trading digital currencies, including spot trading, copy trading, and futures trading. 

With WEEX, traders can benefit from low fees. Additionally, there are margin trading options, advanced risk management tools, instant deposits and withdrawals, multiple cryptocurrencies, and 24/7 customer support.

WEEX provides its customers with secure trading and investing services. Their reserves also cover more than 100% of customer deposits.

The exchange also prioritizes compliance, security, and professional service for its users. With financial licenses in Singapore, Dubai, the US (MSB), Canada (MSB), and SVGFSA, WEEX operates according to strict legal and financial regulations, providing transparency and open access to real-time market information.

WEEX offerings

• Investor friendly: WEEX caters to beginners and experienced traders, offering two margin modes – combined margin and isolated margin with tiered liquidation – without any trading fees. 

•  24/7 online service: the platform provides a user-friendly trading experience, instant deposits and withdrawals, and 24/7 customer service. Advanced risk management tools are also provided for effective risk avoidance and trade stop limits.

•  Buy cryptocurrency: WEEX supports a range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and more. Users can also use margin trading options and leverage their investments for greater potential returns.  

• Positive reviews: The platform supports several cryptocurrencies and trading pairs. Moreover, it is accessible through its user-friendly interface and mobile app. WEEX has received positive reviews and ratings from users on Trustpilot and other review sites.

•  Spot trading: With low fees compared to other platforms, the platform supports over 200 coins. It also provides real-time market data and advanced charting tools to help traders make informed decisions.
•  Futures trading: WEEX’s futures platform has advanced tools to inform or automate trading strategy. This allows users to leverage their investments for even greater potential returns.

•  Copy trading: WEEX copy trading allows clients to mimic the trades of other traders. This will enable them to follow specific traders or strategies with minimal effort. Traders earn a profit share when others copy their trades and strategies. Still, it’s important to note that trading carries risks. 

Applicable fees

WEEX Futures trading fees are differentiated between Maker and Taker in both order placement and order execution:

• Maker order: 0.02% fee rate. Orders placed by Maker users that are not immediately filled will be displayed in the market depth.
• Taker order: 0.06% fee rate. Taker users actively execute orders that have already been placed, causing a decrease in the number of existing orders in the market depth. Taker users will be charged a fee of 0.06% for executing such orders.
• Fee = (Opening price x Face value x Cont x Maker/Taker fee rate)

Know more about the WEEX futures fee rate table

How Does WEEX Compare?

WEEX is committed to regulatory compliance, security, and professional assistance compared to other crypto exchanges. 

With its reserve fund of 1,000 BTC, users can withdraw their funds at any moment, making WEEX a secure and reliable choice for crypto investments.

Pros:

• Low trading fees: WEEX offers low trading fees for its users. The platform recently launched halved its future fees, resulting in some of the lowest trading costs.
• Margin trading: WEEX offers two margin modes – combined margin and isolated margin with tiered liquidation – allowing users to trade with leverage and expand their investment opportunities.
• Advanced risk management tools: WEEX provides advanced risk management tools, such as trade stop limits, to help users minimize risks and losses.
• Instant deposits and withdrawals: WEEX allows instant deposits and withdrawals, giving users greater flexibility and control over their funds.
• 24/7 customer support: WEEX offers round-the-clock customer support, ensuring timely assistance and guidance for users.

Cons:

● Limited range of cryptocurrencies available: WEEX currently has a limited selection of coins available for trading compared to other major exchanges, but it plans to expand its offerings.

● OTC trading is for Chinese users only.

How to open an account

To open an account on WEEX, traders need to follow these simple steps:

1. Visit the WEEX website(www.weex.com) and click the “Sign Up Now” button.

2. Enter your email address and password, then agree to the terms of service.

3. Verify your email address by clicking the verification link sent to your inbox.

4. Complete the know-your-customer (KYC) verification process by uploading your ID documents and completing the necessary forms.

Once your account is approved, you can fund your account and start trading cryptocurrencies immediately.

Is my money safe?

WEEX takes security very seriously and employs multiple layers of protection to ensure the safety of user funds. 

The exchange stores most user funds in cold storage wallets not connected to the internet, minimizing the risk of hacking or theft.

Additionally, WEEX has a reserve fund of 1,000 BTC, providing a safety net for users in unexpected events.

WEEX customer support

WEEX offers round-the-clock customer support via email and an online service center. 

The customer support email address is VIP services：[email protected].

You can also contact the online center service on telegram: https://t.me/weikecs. 

The exchange has an FAQ section on its website that covers common questions and concerns. 

WEEX also operates accounts on Twitter, Telegram, Discord, Reddit, Facebook, Instagram, and other popular social platforms.

Conclusion

WEEX Exchange is a regulated platform for cryptocurrency trading that provides low fees, margin trading options, advanced risk management tools, and reliable customer service. The exchange offers a secure, compliant, and user-friendly trading experience for both beginner and experienced cryptocurrency investors.