CoinEx VS Kraken

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

Kraken 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: 12 months ago

• Stably Texas users

  My friends from the US had no issues using coinex.com. Source: over 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: over 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

Kraken mentions (178)

• Daily General Discussion - June 20, 2023 (GMT+0)

  You can use kraken.com if you prefer a more beginner-friendly interface, or you can use the pro.kraken.com interface for a more professional trading experience. Source: 11 months ago

• Scammer Watches $455K Vanish After Wasting 1 Year

  The money wasn't real. Kraken built me a custom environment that made the scammer BELIEVE it was real since it said "kraken.com" on my computer. I also spent hours and hours talking to him and building up the story. Source: 11 months ago

• Are Bitcoin staking rewards reinvested?

  What the title says, are bitcoin rewards from staking reinvested. Or where are they? Are they paid in fiat or in bitcoin? I assume it's being reinvested because I don't have any money or bitcoin in the account itself. But I'm also looking at some confirmation in writing in kraken.com but I can't see anything. Source: 11 months ago

• unstaked eth

  Same boat: seems unstaking began & ended 17-APR according to the "Ledger" entries I see on kraken.com, but (1) I still have some relatively small amount of ETH2.S listed as "Staking, Rewards", and (2) despite having 13+ ETH in my Spot wallet, I can only withdraw 0.81856. Would expect to have ALL ETH2.S unstaked (regardless of reward v purchased), and be able to withdraw 100%. What am I missing? Source: about 1 year ago

• Changing leverage on mobile app

  Thanks for reaching out to us with this question. It can be a bit confusing. The Kraken Pro app doesn't currently support the ability to set your own leverage. There you are only able to move the balance you want to use. If you want to adjust the leverage, you can opt to use our classic interface on the web. There you can access the Advanced Order form which will offer you leverage flexibility. Source: about 1 year ago