Disclaimer: This article is sponsored content and should not be considered as financial or investment advice. Always do your own research before making any financial decisions. The opinions expressed in this article are those of the author and do not necessarily reflect the views of CryptoGlobe.

Founded in 2017 and based in Dubai, UAE, CoinW is a centralized cryptocurrency exchange that has grown to serve over ten million users worldwide, establishing a global footprint with localized trading centers across 13 countries.

This article will cover the essentials of CoinW, what makes it stand out as a crypto exchange, its trading features, and more.

Exploring CoinW

While CoinW may not be as high-profile as some of the larger exchanges, it has garnered recognition within the crypto industry:

  • Featured on ranking websites like CoinMarketCap, CoinHills, and Feixiaohao.
  • Mentioned in well-known crypto publications, reinforcing its legitimacy across the crypto world. 
  • In 2022, CoinW entered a partnership with the Spanish soccer league La Liga, enhancing its visibility. Last year, it signed Andrea Pirlo as brand ambassador.

While CoinW is not a household name in the crypto industry, it provides a comprehensive suite of trading services tailored to meet diverse trading needs. At first glance, the dashboard seems well-packed, with all the main trading features and options concentrated at the top left bar. 

Source: CoinW

The exchange has a wide range of trading features, including advanced products like spot, leverage, futures, mining, over-the-counter (OTC), and more. Moreover, the platform is available on desktop for Windows and Mac OS, as well as mobile, with support for iOS and Android.

We can summarize the main features as follows:

  • Spot and Futures Trading: Offers a broad selection of cryptocurrencies for direct trading and futures contracts.
  • Copy Trading: Allows users to automatically mirror the trades of successful investors, making it easier for beginners to engage in the market.
  • ETF Trading: Provides access to exchange-traded fund products for diversified portfolio management.
  • OTC Trading: Facilitates over-the-counter trades for users seeking direct, private transactions.
  • Crypto Purchases: Enables buying cryptocurrencies using fiat currency through credit/debit cards or bank transfers.

The exchange supports over 500 trading pairs and lists more than 300 cryptocurrency projects, catering to a wide range of trading preferences.

Data from BitDegree shows the exchange often averages 24-hour trading volumes north of $1B. Moreover, data from CoinMarketCap shows CoinW holds at least $25.6M in assets, most of them being USDT and BTC.

PropW: Unlock Your Trading Potential with CoinW

CoinW recently expanded its suite of trading services by introducing a proprietary trading platform named PropW, which is designed for experienced traders looking to scale their strategies by accessing CoinW’s capital rather than relying solely on personal funds. This feature allows traders to unlock virtual funds of up to $200,000, depending on the trading challenge they choose.

But what is special about PropW? In short, it allows traders to use CoinW’s money to trade. Normally, traders risk their own funds, but with PropW, traders prove their skills in a challenge, and if they pass, they get to trade with CoinW’s money instead. If they make a profit, they get to keep up to 80% of that profit, which is a huge incentive for skilled traders. This way, traders can earn significantly without risking their own capital.

PropW stands out by offering two main challenge modes—Standard Mode and Hard Mode—each with its own set of requirements. The Standard Mode offers a more accessible path for beginners in proprietary trading, while Hard Mode provides higher stakes for traders aiming for larger capital. Both modes feature competitive profit targets, with up to 80% profit sharing and leverage of up to 5x, making it an attractive option for high-frequency and futures traders.

One of the platform’s unique selling points is its one-stop trading hub, where users can participate in challenges, track their performance, and make withdrawals—all without needing third-party services. Once traders complete their challenges, they can trade on an account with up to $200,000 in funds and withdraw their profits as they go. Additionally, CoinW provides full refunds on the challenge registration fees once traders make their first withdrawal, adding even more incentive to succeed.

For those concerned about compliance, CoinW has ensured that PropW aligns with international regulations, boasting a license from the Dubai Multi Commodities Centre (DMCC). This regulatory backing enhances the trustworthiness of PropW, ensuring that users operate in a secure and compliant environment.

Beyond just trading, PropW offers a complete package: a rigorous evaluation process, access to advanced educational tools, and ongoing support. Traders are guided through every step, from initial certification to accessing larger capital pools, allowing them to grow their skills in a structured environment. Whether you’re aiming to master risk management or refine your strategies, PropW offers the tools to excel in the fast-paced world of crypto trading.

The platform also introduces a flexible challenge structure, with no time limits imposed on traders to complete the phases. This ensures that traders can focus on achieving long-term consistency without the pressure of a ticking clock. For each trading phase, traders face profit targets of up to 8%, daily loss limits of 5%, and drawdown limits of 10%, which helps instill disciplined trading habits.

Overall, PropW reflects CoinW’s commitment to innovation by empowering traders to unlock their full potential while offering them substantial financial backing. This new feature underscores CoinW’s effort to make advanced trading more accessible and rewarding for those looking to maximize their trading performance.

Security Measures and Regulatory Compliance

CoinW prioritizes security and compliance by employing several measures:

  • Multi-Factor Authentication (MFA): Requires MFA for account logins and withdrawals to enhance user security.
  • IP Activity Monitoring: Monitors for any unusual login attempts or activities to prevent unauthorized access.
  • Secure Protocols for Transactions: Implements stringent security protocols for deposits and withdrawals to protect user funds.

Additionally, CoinW claims to be licensed to operate in various jurisdictions, including the USA, Canada, Lithuania, and Singapore, indicating its adherence to international regulatory standards.

The company has also worked hard on its security at a time in which hackers are increasingly targeting the cryptocurrency industry. CoinW’s commitment to security includes the use of a technology called Multi-Party Computation (MPC) and of Multi-Layered Node Architecture.

Over the last three years, CoinW has spent more than $15 million on improving its defensive layers, demonstrating a long-term commitment to security and ensuring users’ funds remain secure, regardless of what’s happening in the space.

Fee Structure

CoinW aims to minimize trading expenses, helping users maximize their profits. Key aspects of their fee structure include:

  • Spot Trading Fees: A flat 0.1% rate for takers and 0.08% for makers, with no costly tiers penalizing lower volumes.
  • VIP Membership: Offers a free monthly VIP membership that provides even lower rates, going as low as 0.02% for high-volume traders.
  • Withdrawal Fees: Zero fees on major currencies and under $2 for others, avoiding unexpected costs common on other exchanges.
  • Additional Services: Competitive pricing for supplementary options like contracts, challenges, and earn programs, catering to both new and casual users.

CoinW’s focus on low fees allows users to retain more of their earnings, potentially increasing their returns over time. Here’s a rundown on CoinW’s fee structure:

  • Spot Trading Taker Fees: 0.1%
  • Spot Trading Maker Fees: 0.08%
  • Futures Trading Fees: Variable, based on the contract
  • Withdrawal Fees: Minor network fees apply
  • Deposit Fees: Free
  • Lending/Borrowing Rates: Variable APR %
  • Payment Processing: Minimal card or transfer fees

Pros and Cons of CoinW

Pros explained:

  • Offers low transaction fees
  • Provides a diverse range of cryptocurrencies and tokens
  • Implements robust security measures

Cons explained:

  • There’s room for improvement in offering more diverse or accessible options for users seeking assistance
  • Although the platform provides basic information, users might find a more extensive range of educational materials helpful for deepening their understanding of crypto trading.

In summary, CoinW stands out as a reputable exchange offering a diverse set of trading options and a competitive fee structure. However, there is room for improvement in customer support and educational resources to further enhance the user experience.