XCOEX Crypto Exchange Review: Fees, Security, and How It Stacks Up
Dec, 16 2024
XCOEX Fee Calculator
Your Trading Volume
Estimated Trading Cost
Estimated Monthly Fee:
$125.00
Based on current settings
How It Works:
- Fee decreases as trading volume increases
- Maker fees are typically lower than taker fees
- Minimum fee is 0.25%, maximum is 1.5%
Exchange Comparison Table
| Feature | XCOEX | Gate.io | KuCoin |
|---|---|---|---|
| Founded | 2017 | 2013 | 2017 |
| Supported Assets | ~50 | 3,500+ | 700+ |
| Fee Range | 0.25% – 1.5% | 0.20% – 0.35% | 0.10% – 0.15% |
| Bank Card Deposits | Yes | No | No |
| Mobile App | No | Yes | Yes |
Trying to decide whether XCOEX is worth your hard‑earned crypto? This review breaks down the exchange’s fees, security, asset list, and how it measures against bigger players like Gate.io and KuCoin. By the end you’ll know if XCOEX fits your trading style or if you should keep looking.
What Is XCOEX?
XCOEX is a centralized cryptocurrency exchange founded in 2017 and registered in Estonia. The platform markets itself as a simple, all‑in‑one service where you can buy, sell, and hold digital assets using built‑in wallets and direct bank‑card deposits.
Where Is It Regulated?
The exchange holds a Virtual Asset Service Provider (VASP) licence from the Estonian Business Register. While Estonia offers a relatively accessible regulatory framework, XCOEX does not have the multi‑jurisdiction licences that larger competitors tout. This means the exchange is primarily governed by Estonian AML/KYC rules, which are solid but not as stringent as EU‑wide or Swiss licences.
Which Coins Can You Trade?
At the time of writing, XCOEX lists over 50 cryptocurrencies. The core lineup includes:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- Bitcoin Cash (BCH)
- Litecoin (LTC)
- Ripple (XRP)
While the selection covers the most popular assets, it pales in comparison to Gate.io’s 3,500+ coins or KuCoin’s 700+ pairs. If you need niche tokens, XCOEX might feel limiting.
Fee Structure Explained
Trading fees range from 0.25% for high‑volume traders up to 1.5% for smaller accounts. The exchange does not publish a detailed tier chart, so you’ll have to estimate your rate based on monthly volume.
- Maker fee: 0.25% - 1.5%
- Taker fee: 0.25% - 1.5%
- No hidden deposit fees for supported bank‑card top‑ups
- Withdrawal fees follow the blockchain‑standard network costs
Compared with Gate.io’s 0.2% maker fee and KuCoin’s 0.1% maker fee, XCOEX is on the pricey side, especially for casual traders.
Security Features
Security is a make‑or‑break factor for any exchange. XCOEX claims a multi‑layered approach:
- Cold storage holds the bulk of user funds offline.
- Two‑factor authentication is available via Google Authenticator and SMS.
- KYC (Know Your Customer) is required before you can withdraw fiat or large crypto amounts.
The platform’s security audit reports are not publicly available, and no third‑party certifications (like ISO 27001) have been disclosed. While cold storage and 2FA are standard, the lack of independent verification leaves a gap that more established exchanges have already filled.
User Experience & Support
Signing up is a three‑step process: email registration, email verification, then KYC document upload. The interface is clean, with a dashboard that shows balances, recent trades, and a simple “Buy/Sell” widget. However, XCOEX lacks a native mobile app, so you’re stuck using the web version on phones - not ideal for on‑the‑go traders.
Customer support is limited to a single email address. Users have reported delayed responses, especially during peak verification periods. There’s no live chat, phone line, or community forum, which can be frustrating if you encounter a problem.
How Does XCOEX Compare?
| Feature | XCOEX | Gate.io | KuCoin |
|---|---|---|---|
| Founded | 2017 | 2013 | 2017 |
| Supported crypto assets | ~50 | 3,500+ | 700+ |
| Fee range (maker/taker) | 0.25% - 1.5% | 0.20% - 0.35% | 0.10% - 0.15% |
| Direct bank‑card fiat | Yes | No (requires third‑party processors) | No (bank transfer only) |
| Regulatory licence | Estonia VASP | Estonia VASP + multiple Asian licences | Multiple jurisdictions (including Malta, US) |
| Mobile app | No (web‑only) | iOS & Android | iOS & Android |
In a nutshell, XCOEX wins on simplicity and direct card deposits but loses on asset breadth, fee competitiveness, and mobile accessibility.
Pros & Cons Checklist
- Pros
- Straightforward UI aimed at beginners
- Direct credit‑card fiat deposits without intermediaries
- Cold storage and 2FA for basic security
- Cons
- Limited cryptocurrency selection
- Higher trading fees compared to major rivals
- No native mobile app
- Sparse customer support and community presence
- Regulatory footprint confined to Estonia
Is XCOEX Right for You?
If you’re a crypto newcomer who just wants to buy a few popular coins using your debit card, XCOEX can get the job done without overwhelming you with charts and order‑type menus. On the flip side, seasoned traders who chase low fees, need dozens of altcoins, or prefer a robust mobile app should probably explore Gate.io, KuCoin, or larger regulated platforms.
Final Verdict
XCOEX positions itself as a “simple” exchange for beginners, and it delivers on that promise to an extent. The trade‑off is a narrower asset list, higher fees, and limited support infrastructure. In a market dominated by exchanges that offer deep liquidity, advanced tools, and multi‑jurisdiction licences, XCOEX feels like a niche tool rather than a long‑term trading hub.
Frequently Asked Questions
Is XCOEX safe for storing large amounts of crypto?
XCOEX uses cold storage for the majority of user funds and offers two‑factor authentication, which are standard safeguards. However, the exchange does not publish third‑party security audits, so keeping large balances on a single, lesser‑known platform carries extra risk. Consider moving significant holdings to a hardware wallet.
Can I trade on XCOEX using a mobile device?
Only the web version is available. It works on modern browsers, but there is no dedicated iOS or Android app, which can be a drawback for frequent mobile traders.
What are the deposit fees?
Depositing fiat via supported credit or debit cards is free. Crypto deposits incur the usual network transaction fees.
How does XCOEX’s KYC process work?
After creating an account, you must upload a government‑issued ID and a proof‑of‑address document. Verification usually completes within 24‑48hours, though some users report longer delays during peak periods.
Does XCOEX offer any advanced order types?
No. The platform focuses on market orders and simple limit orders, without features like stop‑loss, trailing‑stop, or algorithmic trading tools seen on larger exchanges.
Rama Julianto
December 16, 2024 AT 02:41First off, the fee schedule on XCOEX isn't hidden – they start at 0.25% for makers and takers and can climb up to 1.5% if your volume is low. That means a trader moving $10k a month could be paying $125 in fees on a pure taker strategy. The good part is the card deposit is fee‑free, which can save a few bucks compared to other platforms that charge a percent on fiat top‑ups. But you'll pay the network fee when you withdraw crypto, just like everywhere else. If you're planning to trade a lot, push your volume up to hit the lower tier, otherwise you're basically paying a premium for convenience. Remember, the fee tier isn't published in a nice table, you have to estimate based on the calculator they provide. So keep an eye on your monthly volume if you want to avoid the 1.5% cliff.
Helen Fitzgerald
December 17, 2024 AT 04:46Hey folks, just wanted to point out that the lack of a mobile app can be a real pain if you're used to checking charts on the go. The web UI is clean, but signing in on a phone isn't as smooth as the native apps you get from Gate.io or KuCoin. If you're a beginner, the simple buy‑sell widget might feel nice, but the trade‑off is missing push notifications for price alerts.
Jon Asher
December 18, 2024 AT 06:51For anyone wondering about security, XCOEX does use cold storage and 2FA, which is the baseline you should expect. They don't publish any third‑party audit reports, so you have to trust their word on the cold‑wallet split. It's fine for modest balances, but I wouldn't keep a big stash there.
Scott Hall
December 19, 2024 AT 08:56One thing I liked is the straightforward KYC flow – upload your ID, wait a day, and you're good to go. The email verification step is quick, and the whole process feels like it's built for people who just want to dip their toe into crypto without a steep learning curve.
Jade Hibbert
December 20, 2024 AT 11:01Oh great, another exchange that thinks “simple UI” means you can’t do anything beyond market orders. If you ever wanted a stop‑loss, you're out of luck.
Leynda Jeane Erwin
December 21, 2024 AT 13:06In reference to the regulatory standing, it is worth noting that an Estonian VASP licence does not afford the same consumer protections as a multi‑jurisdictional licence. Consequently, users should remain vigilant about the scope of legal recourse available in the event of disputes.
Brandon Salemi
December 22, 2024 AT 15:11The fee difference between XCOEX and KuCoin is stark – you're paying up to fifteen times more for the same trade volume. That's a drama you can avoid by switching platforms.
hrishchika Kumar
December 23, 2024 AT 17:16Let me paint a picture for you: you walk into a bustling marketplace, bright stalls everywhere, the scent of spices in the air. XCOEX is that modest corner stall offering just the essentials – a few popular coins, a friendly vendor, and a cash register that actually takes your credit card without a middleman. It’s charming, but you won’t find exotic herbs or rare spices that the larger bazaar stalls boast. The fee structure is like paying a premium for convenience; you might spend a little extra on a coffee at the stall, but you won’t be dazzled by the variety. The security measures are solid enough – cold storage and two‑factor authentication – but there’s no shining badge from an independent auditor hanging on the wall. When you think of support, imagine a lone clerk behind a desk with an inbox that sometimes takes days to answer; there’s no bustling help center or live chat. The lack of a mobile app feels like trying to read a newspaper on a tiny screen – possible, but not pleasant. Nevertheless, the direct card deposit is a saving grace for newcomers who don’t want to hunt for third‑party processors. If you’re a trader who values depth, the limited ~50 assets will feel like a restricted menu – you’ll miss out on the exotic “flavors” that other exchanges serve. Yet, for a beginner who just wants a slice of Bitcoin or Ethereum, the simplicity can be refreshing. In short, XCOEX is a modest, no‑frills venue that does its job well for the basics, but it won’t satisfy the gourmet palate of a seasoned trader seeking low fees and endless options.
Anjali Govind
December 24, 2024 AT 19:21If you're from India and love using your debit card, the fee‑free fiat deposit is a nice perk. Just be aware of the exchange rate they apply; it can be a tad higher than the interbank rate.
Ted Lucas
December 25, 2024 AT 21:26🚀 TL;DR: XCOEX offers a vanilla trading experience – no DeFi integrations, no advanced order types, just spot trading. The fee ladder is less competitive than Gate.io’s tiered model, but the card‑on‑ramp simplicity can be a win for fiat‑first users. Security-wise, they've got the basics covered (cold vault, 2FA), but the lack of third‑party audit info leaves a gray area. Bottom line, if you're a casual trader, it's fine; power users will look elsewhere.
ചഞ്ചൽ അനസൂയ
December 26, 2024 AT 23:31From a philosophical standpoint, the choice of exchange reflects a deeper question: do we value convenience over autonomy? XCOEX leans heavily on convenience by allowing direct card deposits, but in doing so it surrenders some control to the platform. The trade‑off is reminiscent of choosing a fast‑food restaurant over cooking at home – you get speed, but you sacrifice quality and variety.
Jacob Moore
December 28, 2024 AT 01:36Hey all, just wanted to say the UI feels clean and the onboarding steps are pretty quick. If you hit any snags, their email support responds within a day or two – not instant, but decent for a small exchange.
Carol Fisher
December 29, 2024 AT 03:41🇺🇸💪 XCOEX isn’t the best, but it gets the job done. 👍
Melanie Birt
December 30, 2024 AT 05:46Look, if you’re comfortable paying a bit more for the ease of card deposits, go ahead – just don’t expect the fees to be as low as on KuCoin. :)
Siddharth Murugesan
December 31, 2024 AT 07:51i cant beleive people actually trust this place its just another fidget spinner for crypto lovers lmao the security is just a marketing gimmick
Hanna Regehr
January 1, 2025 AT 09:56The platform’s simplicity can be appealing for beginners, yet the limited asset list may deter those seeking niche tokens.
Ben Parker
January 2, 2025 AT 12:01👍 Nice and simple, but wish there was an app! 😅
Daron Stenvold
January 3, 2025 AT 14:06In formal terms, the exchange’s fee structure is suboptimal for high‑frequency traders; the absence of a mobile application further restricts accessibility.
Mureil Stueber
January 4, 2025 AT 16:11XCOEX is simple. No frills. Fees higher than others.
Emily Kondrk
January 5, 2025 AT 18:16Everyone talks about fees like it’s the only thing, but have you considered that their servers might be running on hidden backdoors? The whole VASP licence could be a front for data collection. Trust no one.
Laura Myers
January 6, 2025 AT 20:21Okay, drama alert – XCOEX is the underdog you love to root for, but the reality hits harder than a bad plot twist. It’s cute, but not enough for the real crowd.
Leo McCloskey
January 7, 2025 AT 22:26While the author praises simplicity, the lack of depth in features makes XCOEX a mediocre choice for anyone serious about crypto trading.