CoinEx VS Bybit

CoinEx Reviews

1. Derek    

   Na at Na | over 2 years ago
   I use to highly recommend

   but the last week or so they have been kind of shady in my opinion. Ive never had an issue with trading before 9-8-21 and when I needed customer service they would always be quick to respond and resolve. They have been adding new tokens which is great. Kinda copy adding whatever coinbasebase adds and then some. Since that date "service unavailable" issues have started popping up. I don't know if it's to prevent sell offs when prices start to dip but it coincides with it. They did support FTM mainnet withdrawals but suspended them saying "wallet maintenance" but still accepts deposits from mainnet. I believe it's to force the ERC20 FTM on users so we withdraw and they reap the Benefits of charging the withdrawal fees while we end up paying withdrawal fees and eth gas fees to bridge over to mainnet and no hastle for them. Lastly, there is a trading contest for most net trading value. I wasn't just buy and sell buy and sell causing chaos and neither was anyone else from what I seen. After trading all week using 150-175 dollars worth of tokens I manage to get to the top 3 and eventually first. 46000 worth of trading value. Now there are 4 huge orders, 2 buy and 2 sell that make it impossible to do anything, that popped up after out of nowhere taking 1st and 2nd. I only sell if it's a 7 dollar profit so it covers the trading fees and I don't lose anything. To do that and be able to move up in the competition, I now need to have $2500-$6000 just to have a chance of the price going up to my ask price. Or $2500-$6000 to be able to place a buy order low enough to not lose money. Could be coincidence and it's 2-3 actual users trying to defend their spots. Just be aware.

   🏁 Competitors: Kucoin

   👍 Pros:    Great customer support|Low withdrawal fees|Variety of tokens

   👎 Cons:    Possible wash trading|Convenient system outages|Possible price manipulation

Bybit Reviews

CoinEx mentions (48)

• New here

  If you want to use a centralised exchange, check out: Https://xgo.com/ Https://coinex.com/ Https://mercatox.com/ (available in USA afaik). Source: 11 months ago

• Stably Texas users

  My friends from the US had no issues using coinex.com. Source: about 1 year ago

• Has anyone here bought Ergo on Tidex exchange?

  Coinex I find has better liquidity for Ergo than Kucoin. I would avoid making large purchases on Kucoin. Source: about 1 year ago

• Bullish for the TRUE "Peer to Peer" Satoshi Vision

  Coinex.com and hitbtc.com still seem to have their BSV nodes in sync. Source: over 1 year ago

• Got Scammed out of my entire coinbase wallet

  I'm on coinex.com, which requires separate authentication and approval for each withdrawal, like phone + email (ie. 2FA). Source: over 1 year ago

Bybit mentions (0)