CoinFLEX is a cryptocurrency exchange founded in 2019. Users can trade 19 physically delivered cryptocurrency futures on the platform. It is also possible to buy crypto on CoinFLEX. KYC is unnecessary until you want to withdraw over $10,000 lifetime.
CoinFLEX is based in Seychelles and is managed by Mark Lamb and Sudhu Arumugam. CoinFLEX is most known for having launched the world’s first physically delivered crypto futures exchange. Users can capture yield and perpetual traders can take delivery from crypto spreads and repo markets combined. CoinFLEX launched flexUSD in November 2020. FlexUSD is an interest yield-bearing stablecoin. CoinFLEX also introduced PNTs (promissory note tokens) that tokenize uncollateralized debt for trading firms.
CoinFLEX Products and Services
CoinFLEX offers cryptocurrency derivatives trading and leveraged trading. A derivative is a financial instrument priced by the value of another asset. Users can trade both cryptocurrency perpetuals and futures on CoinFLEX. The maximum leverage offered by CoinFLEX is 250x.
CoinFLEX Trading View
CoinFLEX Trading View is COINFLEX’s in-house trading platform. Here users can see current cryptocurrency prices, trade segments, the order book, and place orders. It is possible to customize the CoinFLEX Trading View.
CoinFLEX charges a taker fee of 0,10% and a maker fee of 0,05% per trade. In the case of contracts trading, these numbers are 0,06% and 0,02%. The average taker fee is 0,213% among cryptocurrency exchanges, so CoinFLEX’s fees are below that. Users can use Flex-tokens, CoinFLEX’s native tokens, to further reduce fees.
CoinFLEX Deposits and Withdrawals
Users can fund their CoinFLEX account only with cryptocurrency. CoinFLEX accepts Bitcoin, Ethereum, and XRP deposits. It is possible to buy cryptocurrency on CoinFLEX with a credit card. There are no minimum deposits.
CoinFLEX Affiliate Program
With the CoinFLEX affiliate program, users can earn up to 40% commissions on CoinFLEX’s trading fees generated by referrals. This program is free to join.
CoinFLEX allows investors from the United Arab Emirates to use their platform and buy cryptocurrency via them.
CoinFLEX Review 2023 – Our Verdict
CoinFLEX is a reliable cryptocurrency exchange that is a good alternative to Binance, Huobi, and other cryptocurrency exchanges for traders and investors from the United Arab Emirates. The maximum leverages at CoinFLEX are high, making CoinFLEX suitable for cryptocurrency day traders. You only need to undergo KYC at CoinFLEX when you want to withdraw $10,000 or more lifetime. The trading fees at CoinFLEX are lower than at other exchanges. We recommend cryptocurrency traders to signup at CoinFLEX
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