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Fees
Earns
Customer service
Fees
Earns
Customer service
Beginners
Trading
Passive income
Buy and hold
Beginners
Trading
Passive income
Buy and hold
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| Coinw | FEATURES | Wirex |
|---|---|---|
|
CoinW offers low minimum trade thresholds, making it accessible for beginners and those with smaller budgets to engage in trading. |
Minimum Trade |
Wirex allows flexible trading amounts, making it accessible for users of all investment levels, though specific minimums depend on currency pairs. |
|
CoinW maintains competitive trading fees, starting at 0.2% for both makers and takers, which decrease with higher trading volumes. |
Trading and Transaction Fees |
Wirex offers competitive trading fees, but its foreign exchange fees can be higher than average, which might affect those trading or using multiple currencies frequently. |
|
With over 1,000 cryptocurrencies available, CoinW provides a vast array of trading options, catering to diverse investor interests. |
Number of Cryptocurrencies |
Wirex supports a solid range of cryptocurrencies including major ones like Bitcoin, Ethereum, and Litecoin, making it suitable for most traders’ needs. |
|
The platform supports numerous crypto-to-crypto trading pairs, offering significant flexibility and opportunities for arbitrage. |
Crypto-to-Crypto Trading Pairs |
There is a good selection of trading pairs available, providing users with various trading strategy options. |
|
CoinW provides clear information on its fees and policies, although improvements can be made in disclosing full details on security practices and fund storage. |
Website Transparency |
The Wirex website provides clear information about fees, services, and user guidelines, making it easy for users to find the information they need. |
|
CoinW lacks an exchange card for in-store purchases. |
Credit/Debit Card |
Wirex offers a Visa card that integrates with cryptocurrency accounts, allowing users to spend their cryptocurrency at any Visa-compatible point of sale. The card functionality scores highly for its convenience and integration. |
|
CoinW uses cold storage for the majority of its funds, enhancing security but details on the extent and management of these storages could be more transparent. |
Storage Offering |
Wirex provides secure cryptocurrency wallets with cold storage options, ensuring safety for user funds, though it’s less customizable than dedicated crypto wallet services. |
|
The exchange offers staking and rewards programs, but more detailed information and wider variety of options could improve user engagement. |
Staking and Rewards |
Offers rewards such as Cryptoback™ rewards on card purchases, but the staking options are somewhat limited compared to dedicated staking platforms. |
|
Both the mobile app and desktop platform of CoinW are user-friendly and reliable, though occasional updates and feature enhancements would provide a smoother experience. |
Mobile App and Desktop |
The Wirex app and desktop platform are user-friendly and provide a seamless experience for managing cryptocurrencies and fiat currencies. |
|
While available 24/7 via chat, the lack of phone support and sometimes delayed responses are areas needing improvement. |
Customer Service |
Customer service is a known issue with reports of slow response times and unresolved issues, impacting the overall user experience. |
|
CoinW offers multiple deposit and withdrawal methods, but the addition of fiat currency options could significantly enhance user convenience. |
Deposit and Withdraw |
Deposits and withdrawals are generally smooth with support for multiple fiat currencies, but sometimes can experience delays which should be noted. |
At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.
We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).
For more details on the categories considered when rating brokers and our process, read our full methodology.
Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.
Neither Threenvest, nor the author, are recommending you to invest with this article.
We help you invest in the crypto market in the safest way possible.
Threenvest was born by and for you. Our mission is to help you invest in the cryptocurrency market in the easiest and safest way possible. And how do we make money? Very simple, every time you click on any of the platforms that we recommend, it is possible that we get an income. We do not work with unsafe platforms, our standard is only to recommend platforms where we would invest our money ourselves.
© All rights reserved 2024 | Threenvest I/S