CoinFlex Review

Due to its friendly user experience, CoinFLEX is one of the easiest exchanges to earn and trade crypto. It’s passive income products such as flexUSD is one click mintable, which automatically earns you compound interest on-chain direct to wallet every 8 hours, and AMM+, their automated market maker features a highly intuitive interface upgrade makes opening up a position and earning passive income easy. CoinFLEX’s dashboard easily offers all of its important features such as AMM+, flexUSD, FLEX Coin (info and FLEXDAO) Trade, Campus (education)

Ease of use

With its user friendly experience it’s probably one of the most popular and easiest exchanges to buy/sell or trade crypto and derivative type products. It’s fast, easy to register and in order to obtain best benefits you need to KYC.

CoinFlex Fees

CoinFLEX has some of the lowest fees in the industry. Fees are dependent on the market you are trading in (Spot, Futures, Spread or Repo). Fees are deducted post trade. Fees and rebates are paid in FLEX by default and you may enjoy a discount fee rate with FLEX. VIP level 6 allows for -0.030% and 0% maker fees for derivatives and spot respectively, and a 0.040% taker fee for both derivatives. Spot requires either $1 million worth of FLEX or $2b 30 day trading volume, however you can automatically achieve VIP level 6 by opening up an AMM+ position for as low as $200

CoinFlex Support

Excellent customer service via telegram, email, chat and is amongst the fastest and most reliable in the industry.

CoinFlex Limits

The platform offers a tiered daily withdrawal limit depending on your KYC level. KYC level 1 offers $10,000 USD lifetime limit for stablecoins, but unlimited for crypto assets. Stablecoin withdrawal is unlimited however with KYC level 3 (full KYC).

Reputation

It’s popularity is rapidly growing throughout the industry. CoinFLEX is backed by crypto heavyweights, including Roger Ver, Mike Komaransky, Polychain Capital, and Dragonfly Capital. With the recent announcement of CoinFLEX.US, (Feb 2022) their potential to scale and expand has never been stronger. Custody and crypto infrastructure team has been handling crypto exchange funds for over 10 years, with zero breaches or hacks – and zero loss of client funds.

Security

CoinFLEX has a strong security offering in place. It stores 99% of the customers’ funds in cold storage, keeping the remaining 1% in a secured hot wallet for day-to-day transactions. It uses Transport Layer Security (TLS) to protect customer data. TLS sticks to strict procedures to avoid unauthorized access, keeping customer database safe.