Weex Exchange

WEEX Exchange is a well‑established crypto trading platform (founded in 2018) that supports a broad set of trading products, including spot markets, high-leverage futures, and a social copy trading feature.

The exchange claims to support over 600 cryptocurrencies and more than 1,700 trading pairs.

One of WEEX’s standout features is its 1,000 BTC Protection Fund, which is publicly disclosed and meant to provide users with added confidence about the security of their assets.

They also use two-factor authentication, address whitelisting, and proof-of-reserves as part of their security stack.

WEEX’s fee structure is relatively simple. For spot trading, the base fees are 0.10% for both makers and takers.

For futures, maker fees are 0.02% and taker fees are 0.08%, though users who hold the WXT token can get up to 70% off on their futures fees, depending on their VIP level.

Deposits are free of charge, and withdrawals only incur the blockchain network fee.

Another compelling feature is WE‑Launch, a token launch mechanism where users can commit WXT to participate in early-stage token drops.

Also, their copy-trading service allows users to follow and replicate trades of top-performing traders.

On the user‑feedback side, there are mixed reviews:

Some users report account freezes or difficulties withdrawing funds after requiring additional identity verification.

Others praise its high non-KYC limits: according to CoinBureau, verified and unverified users have significantly flexible withdrawal limits compared to many exchanges.

⭐ Pros & Cons

Pros

Wide variety of trading options: spot, futures, copy trading

Competitive fee structure, especially for futures when using WXT

Strong security measures: 1,000 BTC protection fund, proof of reserves

High withdrawal limits even for non-KYC users (per some reviews)

Global reach with a large number of supported coins and trading pairs

Cons / Risks

Several user reports of account freezing, particularly on withdrawals or KYC re-verification.

No consistent fiat on‑ramp: some reviews say direct fiat deposits/withdrawals are limited or suspended.

Holding WXT to get the best fees may require a large token balance.

As with many exchanges, “liveness” of claims like zero‑fee promotions or protection funds should be verified by the user.

🎯 Recommendation

Who WEEX is good for:

Traders who want access to both spot and derivatives trading in one place.

Users who want to leverage high-leverage futures and don’t mind holding WXT for fee discounts.

Privacy-conscious traders who prefer optional KYC (but should be aware of the risks).

Those interested in copy trading and passive trading strategies.

Who should be cautious or might look elsewhere:

Users who want strong fiat support for deposits and withdrawals.

Traders concerned about account security and fund withdrawal issues — especially in light of some user-reported problems.

Investors who don’t want to hold a native token (WXT) solely for discounts or benefits.