WEEX

Weex is a cryptocurrency exchange that offers a secure and efficient trading platform for digital assets. Known for its user-friendly interface, low trading fees, and advanced security measures, Weex provides traders with various options, including spot trading, futures, and margin trading. 

Whether you are a beginner or an experienced investor, Weex aims to deliver a seamless trading experience with robust liquidity and a wide range of supported cryptocurrencies. In this article, TopCoin9 will explore the key features, trading options, fees, and how to get started on Weex.

What is Weex?

Weex is a cryptocurrency exchange that provides traders with a secure, efficient, and user-friendly platform for buying, selling, and managing digital assets. With a focus on low trading fees, advanced security measures, and high liquidity, Weex caters to both beginners and professional traders. So when was the Weex exchange founded? Where is it headquartered? Please continue to follow.

Background and history of Weex

Weex was established in 2018 with a $100 million investment from a leading Singaporean blockchain investment firm. The company’s headquarters are located at 12F.-1, No. 130, Sec. 4, Nanjing E. Rd., Songshan District, Taipei City 10489, Taiwan (R.O.C). 

Weex was established with the mission of providing a secure and efficient trading environment for cryptocurrency users worldwide. Over the years, the platform has gained recognition for its competitive fees, diverse trading options, and commitment to security. Weex operates under strict compliance policies and continuously enhances its security infrastructure to protect user funds. 

The exchange has expanded its reach to multiple countries, attracting a growing community of traders looking for a reliable and feature-rich trading platform. Through continuous innovation, Weex has positioned itself as a competitive player in the cryptocurrency exchange industry. What cryptocurrencies does Weex exchange support? You can refer to the next section for details.

What cryptocurrencies does Weex support trading?

Weex supports a wide range of cryptocurrencies, allowing traders to access both major digital assets and emerging altcoins. The platform provides trading pairs for popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), and Solana (SOL). Additionally, Weex frequently lists new tokens to expand trading opportunities and meet market demands.

Traders on Weex can engage in spot trading, futures contracts, and margin trading with various crypto assets. The exchange also offers stablecoin pairs like USDT/BTC and USDT/ETH, ensuring high liquidity and seamless transactions. With its diverse cryptocurrency selection, Weex caters to both beginners looking for mainstream assets and experienced traders seeking high-potential altcoins.

Are Weex trading fees high? You can refer to the latest fee schedule below.

Weex trading fees

This information is based on the most recent data available from various sources and reflects Weex’s general fee policies. For the most accurate and up-to-date details, I recommend checking directly on the official Weex website (weex.com) under their “Fees” or “Fee Schedule” section, as fees may vary based on market conditions, VIP levels, or specific trading pairs.

• Spot Trading Fees: Weex offers a highly competitive fee structure for spot trading, with a standard maker fee of 0% and a taker fee of 0% for select trading pairs as part of promotional campaigns (e.g., introduced from June 15, 2024). For non-promotional pairs, the typical maker fee is 0.02% and the taker fee is 0.06%. These rates are close to or below the global industry average (maker: 0.0215%, taker: 0.0591%), making Weex attractive for cost-conscious traders. Fees may further decrease for VIP users based on their 30-day trading volume.
• Futures Trading Fees: For futures trading, including perpetual contracts, Weex charges a maker fee of 0.02% and a taker fee of 0.06% for BTC/ETH pairs, while non-BTC/ETH pairs enjoy a lower maker fee of 0.01% and taker fee of 0.03%. During promotional periods (e.g., post-June 15, 2024), futures taker fees can drop to 0.03% with 0% maker fees. Leverage up to 200x is available, and funding rates apply every 8 hours, varying by market conditions (positive or negative rates determine payments between long and short positions).
• Deposit Fees: Weex does not charge any fees for cryptocurrency deposits, making it cost-effective to fund your account. However, network fees imposed by the blockchain (e.g., gas fees for Ethereum or BTC transaction fees) will still apply depending on the asset and network used.
• Withdrawal Fees: Withdrawal fees on Weex vary by cryptocurrency and network. For example, withdrawing Bitcoin (BTC) incurs a fee of approximately 0.0006 BTC per transaction, slightly above the industry average of 0.00053 BTC. Other examples include USDT withdrawals: 1 USDT on TRC20 or 5-15 USDT on ERC20, depending on network congestion. Traders should check the latest withdrawal fee schedule on the Weex platform, as these are flat fees adjusted periodically based on blockchain costs.
• Other Fees: Weex’s copy trading feature typically follows futures trading fee rates (e.g., 0.06% taker fee), calculated based on the total trading volume of the copied trader. The platform offers no additional fees for its “Convert” feature beyond standard spot rates. The WEEX Affiliate Program allows users to earn up to 90% commission on trading fees from referrals, while holding WXT (Weex’s native token) can unlock fee discounts and exclusive benefits.

What are the outstanding features of Weex exchange compared to other competitors in the market? Please see the details below.

Key features of Weex exchange

Weex offers a comprehensive trading platform with advanced features designed to meet the needs of both beginner and professional traders. Here are some of the key features that make Weex stand out:

• Wide Range of Trading Options: Spot trading, Futures trading and Margin trading.
• Low Trading Fees: Weex provides competitive trading fees, making it cost-effective for frequent traders. Users can benefit from discounted fees based on their trading volume or VIP status.
• Strong Security Measures: Two-Factor Authentication (2FA) to protect user accounts. Cold Wallet Storage for the majority of user funds, minimizing hacking risks. Real-Time Risk Monitoring to detect and prevent suspicious activities.
• High Liquidity & Fast Transactions: With deep liquidity pools, Weex ensures seamless order execution, reducing slippage and improving trade efficiency.
• User-Friendly Interface & Mobile App: Weex offers an intuitive platform available on both desktop and mobile devices (iOS & Android), enabling traders to manage their portfolios on the go.
• Multiple Deposit & Withdrawal Options: Weex supports both cryptocurrency and fiat deposits, allowing users to fund their accounts easily via bank transfers, stablecoins, or on-chain crypto deposits.

With many outstanding advantages, if you want to register a Weex exchange account, you can refer to the detailed steps in the next section.

How to use Weex exchange?

Weex provides a seamless trading experience with an easy-to-use platform for buying, selling, and managing cryptocurrencies. Below is a step-by-step guide on how to get started with Weex.

How to create an account on Weex?

To register a Weex trading account, do the following:

• Click “Sign Up” – Locate the registration button on the website.
• Enter Your Details – Provide your email address or phone number and create a secure password.
• Verify Your Account – Enter the verification code sent to your email or phone.
• Complete KYC Verification – Submit identity documents if required for full access to all features.
• Set Up Security Measures – Enable Two-Factor Authentication (2FA) for enhanced account security.

After successfully registering an account, how to deposit money to trade? Please refer to the instructions below.

How to deposit funds?

Steps to deposit money into Weex exchange account are as follows:

• Log into Your Weex Account – Access your dashboard.
• Go to the “Deposit” Section – Choose the cryptocurrency or fiat option.
• Select the Payment Method – Options may include crypto transfers, bank deposits, or stablecoins.
• Copy the Deposit Address – If depositing crypto, copy the provided wallet address.
• Confirm and Wait for Processing – Transactions are typically processed within minutes to a few hours.

Once your deposit is successful, you can start trading with the cryptocurrencies of your choice. Follow the next steps below.

How to trade on Weex?

Cryptocurrency trading on the Weex exchange is done as follows:

• Navigate to the Trading Interface – Choose “Spot” or “Futures” trading depending on your preference.
• Select a Trading Pair – For example, BTC/USDT or ETH/USDT.
• Choose Order Type – Market, limit, or stop-loss orders.
• Enter Trade Amount – Specify how much you want to buy or sell.
• Confirm the Trade – Review details and execute the order.
• Monitor Your Trade – Check open orders and adjust positions if needed.

How to withdraw money from the We exchange account? You can continue to refer below.

How to withdraw funds?

Withdraw money from Weex exchange account as follows:

• Go to the “Withdraw” Section – Select the cryptocurrency or fiat option.
• Enter the Withdrawal Address – Make sure it’s correct to avoid fund loss.
• Specify the Amount – Enter how much you want to withdraw.
• Confirm the Transaction – Complete any security verification required.
• Wait for Processing – Withdrawals may take a few minutes to several hours, depending on the network.

Compared to competitors in the market, what are the strengths and weaknesses of the Weex cryptocurrency exchange? Please see the detailed analysis below.

Pros and Cons of Weex Exchange

Like any cryptocurrency exchange, Weex has its strengths and weaknesses. Below is a detailed overview of its pros and cons to help traders make informed decisions.

Pros

Weex exchange has the following strengths:

• User-Friendly Interface – Weex offers an intuitive and easy-to-navigate platform, making it accessible for both beginners and experienced traders.
• Low Trading Fees – Competitive fee structure with potential discounts for high-volume traders.
• Multiple Trading Options – Supports spot trading, futures trading, and margin trading with leverage.
• Strong Security Measures – Implements Two-Factor Authentication (2FA), cold wallet storage, and risk monitoring to protect user funds.
• High Liquidity – Ensures smooth trading with minimal slippage and fast order execution.
• Mobile App Available – Provides a seamless trading experience on both iOS and Android devices.
• 24/7 Customer Support – Offers round-the-clock assistance via live chat, email, and social media.
• Fiat and Crypto Deposits – Supports various deposit methods, including cryptocurrencies and bank transfers.

However, with the above strengths, the Weex exchange also has some limitations. You can see below.

Cons

Weex exchange has some limitations as follows:

• Limited Regulatory Compliance – Weex may not be licensed in all jurisdictions, restricting access for some users.
• Limited Fiat Trading Pairs – Fewer fiat-to-crypto trading options compared to larger exchanges.
• KYC Requirement for Full Features – Some features require identity verification, which might be inconvenient for users seeking privacy.
• Potential Liquidity Concerns for Lesser-Known Coins – While major cryptocurrencies have high liquidity, some lesser-known altcoins may have lower trading volume.

Despite these drawbacks, Weex remains a solid choice for traders looking for a secure, low-cost, and feature-rich crypto trading platform. 

Conclusion

Weex is a reliable and user-friendly cryptocurrency exchange that caters to both beginners and experienced traders. With low trading fees, a wide range of trading options, high liquidity, and strong security measures, Weex provides a seamless trading experience. The platform supports spot trading, futures contracts, and margin trading, making it a versatile choice for different trading strategies.

While Weex has some limitations, such as regulatory restrictions in certain regions and limited fiat trading pairs, its advantages outweigh the drawbacks. With 24/7 customer support, a mobile-friendly interface, and multiple deposit options, Weex continues to be a competitive player in the crypto exchange market.