WEEX review
WEEX is a centralized cryptocurrency exchange founded in 2018 in Singapore and now headquartered in Dubai, reporting more than 6 million users across over 130 countries. It focuses on spot and perpetual futures trading, with futures leverage up to 400x, alongside copy trading and a token launchpad. WEEX is registered as a Money Services Business with the US FinCEN and Canada's FINTRAC, registrations that cover anti-money-laundering reporting rather than full market regulation; it holds no license from the FCA, ASIC, or under the EU's MiCA regime. The exchange supports crypto deposits and withdrawals only, with no direct fiat on-ramp. Third-party reviews report no major hack to date, though users have flagged slow customer support and compliance-related account holds.
WEEX key facts
- Website: weex.com
- Category: Centralized cryptocurrency exchange (CEX)
- Founded: 2018 in Singapore
- Headquarters: Dubai, United Arab Emirates
- Regulatory status: MSB-registered with FinCEN and FINTRAC; no FCA, ASIC or MiCA license
- Trading fees: Spot 0% maker / 0.1% taker; futures from 0.02%/0.08%
- Supported assets: 900+ coins, 1,000+ pairs, self-reported
- Products: Spot, perpetual futures to 400x, copy trading, launchpad
- Fiat access: None; crypto deposits and withdrawals only
- FYI Score: 80.9/100 (ranked #19 of the 48 crypto exchanges we track)
Trading fees
- Spot fees start at 0% maker / 0.1% taker, among the more aggressive standard-tier pricing in the sector
- Futures fees start around 0.02% maker / 0.08% taker, with discounts of up to 70% off futures taker fees for WXT token holders
- Fee tiers reduce further at higher VIP levels based on trading volume
Supported assets & products
- Reports 900+ cryptocurrencies and 1,000+ combined spot and futures trading pairs, though exact counts vary by source
- Perpetual futures with leverage up to 400x across BTC, ETH and a wide range of altcoins
- Copy trading, a demo/paper-trading account, and a token launchpad (WE-Launch)
- No staking, lending, or margin trading offered
Security & regulation
- Registered as a Money Services Business with the US FinCEN and Canada's FINTRAC, registrations that cover anti-money-laundering reporting rather than full market regulation
- Not licensed by the UK's FCA, Australia's ASIC, or under the EU's MiCA regime
- Third-party reviews report no major hack or breach since WEEX's 2018 launch; the exchange publishes a Proof-of-Reserves page and maintains a self-funded 1,000 BTC protection fund
- In March 2025, WEEX reported an ETH/USDT order-matching delay of roughly 30 minutes, which it says it resolved with about $6 million in user compensation
Fiat & payments
- No direct fiat deposits or withdrawals; funding an account requires depositing existing cryptocurrency
- A limited peer-to-peer marketplace supports a small set of local currencies, including VND, RUB, INR and PKR
- Non-mandatory KYC allows limited-size withdrawals without full identity verification
Markets
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Who WEEX is for
WEEX may suit traders who already hold crypto and want high leverage on futures with low fees, but the absence of fiat on-ramps, limited licensing, and reported support issues are worth weighing before committing significant funds.
Pros
- High futures leverage, up to 400x, with a 0% maker fee tier on spot trading
- Broad crypto and derivatives listing, with 900+ coins and 1,000+ trading pairs claimed
- No history of a major hack or breach reported by third-party reviewers to date
- Non-mandatory KYC for smaller withdrawal limits, useful for quick account testing
Cons
- No fiat deposits or withdrawals; funding requires already owning cryptocurrency
- Registered only as a Money Services Business in the US and Canada, not licensed by any top-tier regulator such as the FCA, ASIC or under MiCA
- Third-party reviews report slow customer support and account holds tied to compliance checks
- In March 2025, WEEX reported an order-matching delay on its ETH/USDT market that it says it resolved with roughly $6 million in user compensation
- No staking, lending or margin trading offered
WEEX FAQ
Is WEEX regulated?
WEEX is registered as a Money Services Business with the US FinCEN and Canada's FINTRAC, registrations focused on anti-money-laundering reporting rather than full market regulation. It holds no license from the UK's FCA, Australia's ASIC, or under the EU's MiCA framework.
What are WEEX's trading fees?
Spot fees start at 0% maker and 0.1% taker. Futures fees start around 0.02% maker and 0.08% taker, with WXT token holders eligible for discounts of up to 70% off futures taker fees, and further reductions at higher VIP volume tiers.
Can I deposit fiat currency on WEEX?
No. WEEX supports crypto deposits and withdrawals only; there is no direct bank transfer or card on-ramp, so funding an account requires already holding cryptocurrency or using its limited peer-to-peer marketplace.
Has WEEX been hacked?
Third-party reviews report no major hack or breach since WEEX launched in 2018. The exchange publishes a Proof-of-Reserves page and maintains a self-funded 1,000 BTC protection fund, though it has not disclosed third-party security audits or insurance.
Compare WEEX with other crypto exchanges
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