CoinW review
CoinW is a centralized cryptocurrency exchange founded in 2017. Third-party listings, including CoinCodex, place its headquarters in Dubai, UAE with trading centers across more than a dozen countries, though CoinW does not consistently disclose a fixed headquarters itself. It reports more than 20 million registered users and a catalog of 350+ cryptocurrencies (CoinGecko), spanning spot and futures trading. CoinW is registered as a Money Services Business (MSB) in the United States — a narrow, AML-focused registration, not a full trading license — and its own platform still geo-blocks US residents. Third-party trust ratings diverge sharply: CoinGecko gives an 8/10 trust score, while CoinCodex does not currently label CoinW 'trusted,' and cer.live rates its cybersecurity only 2 out of 5 stars.
CoinW key facts
- Website: www.coinw.com
- Category: Centralized cryptocurrency exchange (CEX)
- Founded: 2017
- Headquarters: Dubai, UAE reported; not consistently disclosed by CoinW itself
- Regulatory status: Registered as a US Money Services Business; no full trading license identified
- Trading fees: Spot maker/taker about 0.1%/0.1%; futures about 0.02%/0.06%, per CoinGecko
- Supported assets: 350+ cryptocurrencies, 380+ pairs per CoinGecko; CoinW claims 1,000+ tokens
- Products: Spot and futures trading
- Users: 20 million+ registered users, company-reported
- FYI Score: 79.8/100 (ranked #21 of the 48 crypto exchanges we track)
Trading fees
- Spot trading: maker and taker fees both around 0.1%, per CoinGecko
- Futures trading: maker fees around 0.02%, taker fees around 0.06%, per CoinGecko
- A separate CoinCodex assessment cites a flatter 0.2%/0.2% maker-taker structure, so figures vary somewhat by source and account tier
Supported assets
- CoinGecko indexes 350+ cryptocurrencies and 380+ trading pairs
- CoinW's own marketing claims over 1,000 listed tokens and 500+ spot pairs
- Reports more than $1 billion in 24-hour spot trading volume
Security & regulation
- Registered as a Money Services Business (MSB) in the United States — a narrow, AML-focused registration, not a full trading or securities license
- CoinGecko assigns a trust score of 8/10; CoinCodex, by contrast, does not currently label CoinW a 'trusted' exchange
- cer.live rates its cybersecurity posture 2 out of 5 stars, citing the absence of published penetration testing, a proof-of-reserves audit, or a bug-bounty program
- No major hack or user-fund loss incident was found in public reporting during this research
Fiat & payments availability
- Despite its US MSB registration, CoinW's own platform blocks access from the United States, Canada, North Korea, Singapore and Iran
- Operates in 200+ other countries and regions, with 16 localized trading centers across 13 countries reported by CoinCodex
- Reports a workforce of 1,000+ staff across 30 countries
Markets
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Who CoinW is for
CoinW may suit users outside the US, Canada and other blocked jurisdictions who want a wide coin catalog and low advertised futures fees, but the inconsistent third-party trust ratings and narrow US registration mean it carries more counterparty risk than fully licensed exchanges.
Pros
- Large stated user base (20 million+) and high reported daily trading volume ($1 billion+ spot)
- Wide coin catalog for an exchange of its size: 350+ per CoinGecko, more per CoinW's own claims
- Relatively low futures maker/taker fees compared with some peers, per CoinGecko
- CoinGecko trust score of 8/10, one of the higher scores among the offshore exchanges in this batch
Cons
- Third-party assessments diverge sharply on trust: CoinGecko rates it 8/10 while CoinCodex does not currently designate it a 'trusted' exchange
- cer.live rates its cybersecurity only 2 out of 5 stars, citing no published penetration testing, proof-of-reserves audit, or bug-bounty program
- Only a narrow US Money Services Business registration, not a full trading license, and its own platform still blocks US residents
- Headquarters location is inconsistently disclosed across sources, a governance and transparency gap common among offshore exchanges
CoinW FAQ
Is CoinW regulated?
Only narrowly. CoinW is registered as a Money Services Business (MSB) in the United States, which is an anti-money-laundering registration rather than a full trading license, and no license from a major regulator such as the SEC, UK FCA or an EU MiCA authority was found during research. Its own platform also blocks US residents despite the MSB registration.
Is CoinW safe to use?
Assessments diverge. CoinGecko currently gives CoinW an 8/10 trust score, but CoinCodex does not label it a 'trusted' exchange, and cybersecurity assessor cer.live rates it only 2 out of 5 stars, citing the absence of published penetration testing, proof-of-reserves audits, or a bug-bounty program. No major hack was found in public reporting, but the lack of independent security audits is a real gap.
Where is CoinW based?
Sources disagree. Third-party listings such as CoinCodex place its operational headquarters in Dubai, UAE, with additional trading centers across more than a dozen countries, but CoinW does not consistently disclose a fixed headquarters on its own materials.
What are CoinW's trading fees?
Per CoinGecko, spot trading fees are about 0.1% for both maker and taker orders, and futures fees run roughly 0.02% for makers and 0.06% for takers. A separate assessment from CoinCodex cites a flatter 0.2%/0.2% structure, so actual fees may vary by account tier or promotion.
Compare CoinW with other crypto exchanges
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