Contents
- 1 The Thoughts on WEEX Exchange
- 2 Why Do We Need a New Exchange? WEEX Exchange Features and Advantages
- 3 WEEX Exchange Ranking and Security Analysis
- 4 Why WEEX is Not a Scam Exchange?
- 5 How to Use WEEX Exchange?
- 6 Depositing Funds into WEEX
- 7 How to Withdraw Cryptos from WEEX
- 8 What is the WEEX Exchange Fee Structure?
- 9 WEEX Overview
The Thoughts on WEEX Exchange
In a world where crypto exchanges often prioritize flashy features over user needs, WEEX has emerged as a game-changer. With over 5 million users across 100+ countries and a laser focus on empowering traders of all levels, this Singapore-backed platform is rewriting the rules of crypto trading.
WEEX isn’t just another exchange—it’s a trading ecosystem designed for speed, security, and accessibility. Here’s why traders are switching:
- Contract Trading Mastery: Leverage up to 150x on futures with near-zero slippage, backed by institutional-grade liquidity.
- Spot Market Agility: Trade 200+ cryptocurrencies instantly with fees as low as 0.1%, perfect for scalpers and long-term holders alike.
- Copy Trading Revolution: Mirror top-performing traders’ strategies in real-time—ideal for beginners or busy professionals.
“WEEX’s one-click copy trading turned me from a crypto newbie to a consistent profit-maker in 3 months.” —@CryptoQueen (hypothetical user testimonial).
Why Do We Need a New Exchange? WEEX Exchange Features and Advantages
Over the past few years, the competition among cryptocurrency exchanges has shifted from a race for technological superiority to a battle for trust and user experience. For users, choosing an exchange is no longer just about which platform lists more coins or offers higher leverage. Instead, it’s about finding a platform that provides tools tailored to traders’ real needs while ensuring stability, transparency, and smooth deposit and withdrawal processes.
However, the reality in the market reveals several shortcomings:
- Top-tier exchanges, despite their scale, are beginning to restrict new users, tighten regulations, and reduce leverage limits.
- Small-to-medium exchanges, in their pursuit of trading volume, frequently promote high-risk tokens and complex mechanisms, making it harder for beginners to get started.
- Most platforms still have noticeable gaps in user interface design, slippage control, risk management mechanisms, and customer support.
These market gaps became the entry point for WEEX to carve out its unique positioning. The platform aims to enhance specific practical details that matter to traders within the existing trading model.
Key Features and Advantages of WEEX:
- Extensive Trading Pairs and High Leverage Flexibility
WEEX supports over 700 trading pairs, covering both mainstream cryptocurrencies and popular altcoins. It also offers up to 100x leverage for futures contracts, catering to a wide range of trading styles and speculative needs. - Proprietary Matching Engine with Zero-Slippage Experience
WEEX’s futures trading system is powered by a self-developed matching engine designed to minimize slippage during high-frequency trading or extreme market volatility. The platform claims that its slippage control and quote accuracy are core strengths. Additionally, it provides historical data review features, which may appeal to users who prioritize price stability and transparency. This is especially beneficial for traders using stop-profit and stop-loss strategies, as it reduces operational risks. - Copy Trading System to Lower the Entry Barrier
WEEX offers an automated copy trading module, allowing users to select and follow top traders with a single click based on their historical performance and risk preferences. This feature is ideal for beginners or users who prefer a more passive trading approach.
WEEX Exchange Ranking and Security Analysis
When choosing a cryptocurrency exchange, the two most common criteria are: “How powerful is it?” and “Is it safe?” For WEEX, the answers to these questions are quite clear.
CMC Ranking: Among the Global Top 25 Futures Exchanges
According to data, as of 2024, WEEX has climbed into the Top 25 global exchanges on CoinMarketCap. Its daily futures trading volume is approximately $10 billion.
While it doesn’t match the scale of industry giants like Binance or OKX, WEEX stands out among non-mainstream platforms as a “sub-core” tier exchange with a solid user base and consistent trading volume.
Regulation and Compliance: Licensed and More Transparent Than Most Peers
As regulatory scrutiny intensifies worldwide, cryptocurrency exchanges are increasingly seeking licenses to legitimize their operations. According to its official website, WEEX currently holds the El Salvador Bitcoin Service Provider License (BSP License) along with compliance licenses from multiple countries.
Reserve Wallet Transparency: The First Threshold of Trust for Exchanges
Following the collapse of FTX, a fundamental yet highly sensitive question has emerged in the crypto community: “Are exchanges really keeping users’ funds where they say they are?” Many platforms have since adopted the Proof of Reserves (PoR) system, and WEEX has taken a relatively proactive stance in this transparency trend.
Currently, WEEX has publicly disclosed its BTC cold wallet address on its website, claiming to hold over 1,000 Bitcoins as part of its platform reserves. This wallet address can be verified by anyone using a blockchain explorer to check balance changes, transaction history, and untouched assets.
Why WEEX is Not a Scam Exchange?
WEEX Fraud Concerns
In response to online allegations such as “WEEX is a scam,” “withdrawal issues,” and “account freezes,” WEEX officials have repeatedly addressed these concerns through announcements, blogs, and social media platforms:
1. Regarding “Scam” Allegations
WEEX has stated that the vast majority of so-called “WEEX scam” cases online are actually perpetrated by fraudsters impersonating the platform (e.g., fake websites or fraudulent customer service accounts). The platform has established a blacklist of impersonating websites and emphasized that the only official website is weex.com; any other sites are unrelated to WEEX.
Furthermore, WEEX Exchange has obtained compliance licenses from multiple national governments and has never experienced incidents of unauthorized fund movement or security breaches.
2. Response to Specific Incidents
- ETH Pinning Incident (2025): The platform acknowledged a technical issue that caused abnormal price fluctuations. In response, WEEX activated a 1,000 BTC User Protection Fund, fully compensating over 5,000 affected users with a total payout exceeding 6 million USDT. Additionally, they distributed WXT airdrops as a goodwill gesture.
3. Community Clarifications and Communication
WEEX has repeatedly provided updates on handling processes through social media platforms like Twitter/X and Telegram AMAs. They have also publicly debunked malicious rumors (e.g., “founders absconded”), affirming that their operations and management team are functioning normally. Overall, the official stance on most controversies is one of transparency, acknowledging issues, and emphasizing protection for legitimate users.
How to Use WEEX Exchange?
Step-by-Step Guide to Installing WEEX Exchange, Creating an Account, and Enabling Two-Factor Authentication
Below is a detailed tutorial with text and guidance to help you through the process of downloading the WEEX Exchange app, registering an account, and setting up two-step verification.
1. Downloading WEEX Exchange
- Where to Download: Open the App Store (for iOS users) or Google Play Store (for Android users) on your device.
- Search for WEEX: Type WEEX into the search bar to find the official app.
- Identify the Correct App: Once the search results appear, look for the official WEEX App. Be cautious to avoid downloading counterfeit or pirated versions of the app to prevent potential data leaks or security risks.
2. Registering a WEEX Exchange Account
- Open the App: After downloading and installing the WEEX app from the App Store or Google Play Store, launch the application on your device.
- Start Registration: Look for and tap on the Sign Up button, typically found on the login screen or homepage of the app.
- Enter Details: Provide your email address or phone number in the designated field to begin the registration process.
- Referral Code (Optional): If this is your first time signing up, you can enter the invitation code “****” to potentially unlock additional benefits like fee discounts. If no, please sign up directly. Alternatively, look for a button or link within the app that offers extra fee reductions and tap on it to apply the offer.
- Verification Code: After submitting your email or phone number, you will receive a verification code via email or SMS. Check your inbox or messages, retrieve the code, and enter it into the app to confirm your identity and complete the registration.
Below is the translated and updated guidance regarding the KYC (Know Your Customer) process on WEEX Exchange, including the platform’s policy on optional KYC for certain activities.
3. Identity Verification (KYC)
WEEX supports no KYC requirement for deposits or withdrawals, meaning you can use the basic functionalities of WEEX Exchange without completing KYC. However, if you wish to trade cryptocurrencies on WEEX or earn bonuses offered by the platform, you will be required to verify your KYC. This ensures that all your activities on the platform remain legal and compliant with regulations.
- Purpose of WEEX KYC: After registering as an investor on WEEX, users are encouraged to complete KYC identity verification. This process helps prevent fraudulent groups from using the platform for illegal activities such as money laundering. To fully comply with platform regulations, it is recommended to complete KYC after account registration to avoid limitations on certain features in the future.
- Steps to Complete WEEX KYC:
- Access WEEX KYC Section: Click on the icon or menu in the top-left corner of the app’s homepage.
- Navigate to Identity Verification: In the account information section, select the option for Identity Verification.
- Provide Information: Fill in your basic personal details as prompted.
- Submit Documents: Upload a photo of your official identification document (e.g., passport or ID card) and take a selfie for verification purposes.
- Await Confirmation: After submission, wait a few minutes for the verification process to be completed and approved.
Binding Two-Step Verification (2FA)
- Importance of 2FA: Enabling Two-Factor Authentication significantly increases the security of your account by adding an extra layer of protection beyond just a password. If you’re unfamiliar with 2FA, you can refer to resources like: 《Google Authenticator Dual Verification Binding Tutorial》 for more information.
- Steps to Set Up 2FA on WEEX:
- Access Security Settings: Navigate to your personal page within the WEEX app and click on Security Center.
- Select Google Authentication: Choose the option to bind Google Authenticator as your 2FA method.
- Copy the Key: The app will provide a unique key or QR code. Copy this key or scan the QR code using the Google Authenticator app on your device to set it up.
- Enter Verification Code: Open the Google Authenticator app to retrieve the 6-digit verification code generated for WEEX, and input it into the designated field in the WEEX app.
- Complete Binding: Once the code is verified, the 2FA setup will be complete, and two-step verification will be activated for your account.
Depositing Funds into WEEX
Copy Deposit Address: The app will generate a unique wallet address for your WEEX account. Copy this address to use it for transferring cryptocurrency from your external wallet or another exchange to WEEX.
Overview: Once you have completed account registration and KYC verification (if required for your intended activities), you can start funding your WEEX account for trading. WEEX supports both on-chain deposits (cryptocurrency transfers) and fiat currency deposit channels. The following steps demonstrate how to perform an on-chain deposit.
- Initiate Withdrawal from Another Exchange:
- Log in to the other cryptocurrency exchange or wallet where your funds are currently stored.
- Navigate to the Withdrawal or Send section of that platform.
- Select the On-Chain Withdrawal option to transfer cryptocurrency directly to an external wallet address.
- Enter WEEX Deposit Address:
- Paste the WEEX deposit address (which you copied earlier from the WEEX app under the “On-Chain Deposit” section) into the withdrawal address field on the other exchange.
- Confirm the cryptocurrency type and network (e.g., BTC on Bitcoin network, ETH on ERC-20) to ensure compatibility.
- Complete the Transfer:
- Review the transaction details, including fees and the amount to be sent.
- Confirm and authorize the withdrawal to initiate the transfer to your WEEX account.
- Wait for the transaction to be processed and confirmed on the blockchain (time varies depending on network congestion and the specific cryptocurrency).
Steps to Deposit via On-Chain Transfer:
Access Assets Section:
Open the WEEX app and navigate to the Assets tab or section. This is typically found in the main menu or dashboard of the app, where you can view your account balance and transaction options.
Select Deposit Option:
Within the Assets section, click on the Deposit button (sometimes labeled as “充幣” in Chinese interfaces) to start the process of funding your account.
Choose On-Chain Deposit:
Select the On-Chain Deposit option from the available deposit methods. This allows you to deposit cryptocurrency directly from an external wallet or another exchange to your WEEX account.
Select Cryptocurrency and Network:
Choose the specific cryptocurrency you wish to deposit (e.g., Bitcoin, Ethereum) and ensure you select the correct blockchain network (e.g., BTC network, ERC-20 for ETH). WEEX will display important notes about supported networks for each cryptocurrency.
Copy Deposit Address or Scan QR Code:
Once the cryptocurrency and network are selected, WEEX will generate a unique deposit address for your account. You can either copy this address to paste into the withdrawal section of your external wallet/exchange or scan the provided QR code for convenience.
Initiate Transfer from External Wallet or Exchange:
Go to the external wallet or exchange where your cryptocurrency is stored. Select the Withdrawal or Send option, paste the WEEX deposit address, specify the amount, and confirm the transaction. Ensure the cryptocurrency and network match those selected on WEEX to avoid loss of funds.
Wait for Confirmation:
After initiating the transfer, wait for the transaction to be processed and confirmed on the blockchain. The time required can vary based on network congestion and the specific cryptocurrency. You can check the status in the Deposit History or Transaction History section of the WEEX app.
How to Withdraw Cryptos from WEEX
WEEX Withdrawal Tutorial
Below is a step-by-step guide to help you withdraw funds from your WEEX Exchange account using the on-chain withdrawal method.
Withdrawing Funds from WEEX via On-Chain Transfer
- Overview: WEEX supports on-chain withdrawals, allowing you to transfer cryptocurrency directly from your WEEX account to an external wallet or another exchange. This section demonstrates the process of performing an on-chain withdrawal.
- Steps to Withdraw via On-Chain Transfer:
- Access Assets Section:
Open the WEEX app and navigate to the Assets tab or section, where you can view your account balance and manage transactions. - Select Withdrawal Option:
Click on the Withdraw button to initiate the withdrawal process. - Choose Cryptocurrency and Network, and Paste Destination Address:
- Select the cryptocurrency you wish to withdraw (e.g., Bitcoin, Ethereum).
- Choose the appropriate blockchain network for the transfer (e.g., BTC network, ERC-20 for ETH).
- Paste the destination address of the external wallet or exchange where you want to send the funds. Ensure the address is correct to avoid loss of funds.
- Enter Verification Code and Fund Password:
- Input the verification code sent to your registered email or phone (depending on your security settings).
- Enter your fund password (a separate password set for financial transactions on WEEX) to authorize the withdrawal.
- Confirm and Complete Withdrawal:
Review the transaction details, including the amount, fees, and destination address. Once confirmed, submit the request. If successful, the withdrawal will be processed, and you’ll see a confirmation message indicating successful withdrawal. You can track the transaction status in the Withdrawal History section of the app.
- Access Assets Section:
What is the WEEX Exchange Fee Structure?
Below is a detailed breakdown of the fee structure on the WEEX Exchange, focusing on their promotional offers and VIP tier system.
Overview of WEEX Fee Policies
WEEX emphasizes competitive fee structures with highlights such as “Zero Fee Promotions for Contract Trading” and “VIP Tiered Fee Discounts”. Let’s explore these in detail:
1. Promotional Zero Fee Events (Limited Time, Specific Coins)
- What It Is: WEEX periodically launches zero-fee trading events for selected mainstream cryptocurrency pairs, such as BTC/USDT and ETH/USDT.
- Event Details:
- These promotions are often tied to marketing campaigns, cashback offers, or copy-trading incentives.
- The duration of these events typically ranges from 7 to 30 days.
- Transparency:
- All terms and conditions of the zero-fee events are clearly stated in the official announcements on the WEEX platform.
- There are no hidden thresholds, making this a genuine benefit for users during the promotional period.
2. VIP Tiered Discount System (Based on Monthly Trading Volume and Asset Holdings)
- What It Is: WEEX implements a VIP level system that automatically assigns tiers based on a user’s 30-day contract trading volume and asset holdings in their account.
- Tier Structure and Discounts:
- The VIP levels range from VIP1 to VIP5.
- As you progress through the tiers, trading fees are reduced:
- Taker Fees: Start at 0.05% for lower tiers and can decrease to as low as 0.02% for higher VIP levels.
- Maker Fees: Start at a competitive rate and can drop to 0% at the highest VIP levels.
- How It Works:
- The system evaluates your trading activity and asset balance over the past 30 days to determine your VIP level.
- Higher trading volumes and larger asset holdings qualify you for higher VIP tiers, unlocking greater fee discounts.
How about WEEX’s Trading Fees?
| Maker | Taker | |
| Spot | 0.1 % | 0.1 % |
| Futures | 0.02 % | 0.08 % |
WEEX Overview
Below is a comprehensive evaluation of the WEEX Exchange, highlighting its strengths, approach, and considerations for potential users.
Key Strengths of WEEX
- Focus on Transaction Details and User Experience:
WEEX prioritizes the finer aspects of the trading process, including:- Slippage Control: Minimizing price discrepancies during trades for better execution.
- Transparent K-Line Charts: Providing clear and reliable market data for informed decision-making.
- Copy-Trading System: Allowing users to follow and replicate the strategies of experienced traders.
- High Referral Commission Structure: Offering attractive rewards for bringing in new users.
- Public Reserve Wallet Transparency: Building trust by openly displaying reserve holdings to assure users of fund security.
- Emphasis on Stability and Functionality:
Unlike many platforms that focus on introducing new coins, flashy UI updates, or marketing gimmicks, WEEX concentrates on the fundamentals. Their goal is to create a reliable trading environment where users can place orders with confidence. This “back-to-basics” approach is likely a key reason why WEEX continues to progress steadily among over 500 cryptocurrency exchanges. - Practical Appeal:
For users who value stability and practical features over hype, WEEX offers a platform that addresses core trading needs effectively, making it a potentially useful option.
Considerations for Potential Users
Assess whether it aligns with your personal needs and risk tolerance before committing to long-term use. As with any exchange, WEEX should not be considered the only platform for your cryptocurrency activities. Diversifying across multiple exchanges can help mitigate risks associated with platform-specific issues.
If you’re exploring exchange options, WEEX can be included as a comparison candidate. However, it’s advisable to start with a small amount of funds to test the platform’s services. Familiarize yourself with its features, workflows, and overall user experience.
