What is Weex?
Weex is a Singapore-based cryptocurrency exchange established in 2018, specializing in derivatives trading. Popular across Asia, it boasts over 1 million registered users and $1.5 billion in daily trading volume. Known for its professional derivatives platform, Weex offers USDT perpetual contracts, inverse contracts, and simulated trading.
Key Features:
- Supported Cryptocurrencies: BTC, ETH, USDT, LTC, TRX, BCH, etc. (25+)
- Fiat Support: USD, EUR, CNY, KRW, JPY, TWD, RUB
- Payment Methods: Alipay, bank transfers, Alchemy Pay, ChipPay, and crypto deposits
Fee Structure:
- Spot trading: 0% fees
- Futures: 0.02%/0.06% (maker/taker)
- Mobile Apps: iOS & Android
👉 Explore Weex’s trading platform
Our Verdict on Weex
Weex stands out for its low fees, advanced trading tools, and regulatory compliance. Here’s why we recommend it:
Diverse Trading Markets:
- Futures (up to 200x leverage) and zero-fee spot trading.
- High liquidity with minimal slippage.
Copy Trading:
- Automatically replicate top traders’ strategies.
Security & Compliance:
- Licensed by U.S. MSB, Canada MSB, and SVGFSA.
- 1,000 BTC user protection fund.
Drawback: Limited altcoin selection (~30 cryptocurrencies).
Weex’s Core Features
1. OTC Crypto Purchases (China Only)
- 1% fee for fiat-to-crypto via third-party providers.
2. High-Leverage Trading
- Futures: Up to 200x leverage.
- Spot: Zero-fee USDT pairs.
3. Low Slippage & Deep Liquidity
- Optimized for large-volume traders.
4. Advanced Trading Interface
- Customizable charts, real-time order books, and intuitive layout.
5. Copy Trading
- Follow expert traders with transparent performance stats.
6. Mobile App
- Full functionality on iOS and Android.
7. Regulatory Licenses
- Compliant in multiple jurisdictions.
8. Educational Resources
- Weex Blog and Academy for market insights.
9. Robust Security
- AI-powered risk control + 2FA support.
Weex’s Limitations
- Limited altcoins compared to competitors like MEXC.
- OTC restricted to Chinese users.
Fee Structure
| Service | Fee |
|---|---|
| Crypto Deposits | Free |
| OTC Purchases | 1% |
| Spot Trading | 0% |
| Futures Trading | 0.02%/0.06% |
| Crypto Withdrawals | Network fees only |
Pros & Cons
Pros:
- Low trading fees.
- High-leverage futures.
- Copy trading.
- Strong security.
Cons:
- Narrow altcoin selection.
- OTC unavailable globally.
Final Thoughts
Weex excels for derivatives traders seeking a secure, low-cost platform. Its 1,000 BTC protection fund and multi-jurisdiction licenses add trustworthiness. Beginners benefit from spot trading and copy features.
👉 Sign up for Weex and claim a $58 bonus
FAQs
Q: Is Weex available to U.S. residents?
A: Yes. Weex holds a U.S. MSB license.
Q: How safe is Weex?
A: Highly secure, with no reported breaches since 2018. Features include AI risk controls and a 1,000 BTC protection fund.
Q: Does Weex support fiat deposits?
A: Only via OTC for Chinese users; others must deposit crypto.
Q: What’s the maximum leverage on Weex?
A: 200x for futures contracts.