Does CoinEx require KYC?

CoinEx uses a tiered approach: identity is required above certain thresholds. Historically permitted low-volume trading and withdrawal without identity verification; KYC asks have been seen at higher tiers and on certain geographies.

Where is CoinEx based?

Operating jurisdiction listed as Hong Kong (operator-disclosed). This is best-known information; corporate structure can be opaque.

CEX (no/threshold KYC)

CoinEx

CoinEx is one of the older mid-tier CEXes that has been usable without KYC up to thresholds.

Website: coinex.com
KYC: tiered KYC — Historically permitted low-volume trading and withdrawal without identity verification; KYC asks have been seen at higher tiers and on certain geographies.
Status: active
Fiat on-ramp: no
Payment: crypto
Jurisdiction: Hong Kong (operator-disclosed)
Founded: 2017
Open source: no
Custodial: yes
Last verified: Jan 1, 2026
Sources: 2

Overview

What CoinEx is#

A mid-tier centralized exchange with a tiered-KYC model and spot-focused product.

Threat-model fit#

Liquidity venue, not a privacy primitive.

Strengths

Long operating history; one of the older Chinese-roots CEXes.
Decent spot coverage on mid-cap listings.

Caveats

Custodial exposure.
Tier thresholds and KYC enforcement are operator-managed and have moved.
A September 2023 hot-wallet hack (~$70M reported) is the most material historical incident; user funds were reimbursed but it is the kind of event that informs operator risk-aversion thereafter.
Facts need re-verification by operator (last seeded 2026-01).

Verdict

CoinEx is one of the older mid-tier CEXes that has been usable without KYC up to thresholds. Same category caveats as MEXC and BingX apply. The 2023 incident is a relevant data point on operator risk; the response (full reimbursement) was relatively quick. Treat tier limits as moving.

FAQ

Does CoinEx require KYC?: CoinEx uses a tiered approach: identity is required above certain thresholds. Historically permitted low-volume trading and withdrawal without identity verification; KYC asks have been seen at higher tiers and on certain geographies.
What payment methods does CoinEx accept?: CoinEx accepts: crypto.
Where is CoinEx based?: Operating jurisdiction listed as Hong Kong (operator-disclosed). This is best-known information; corporate structure can be opaque.

Sources

CoinEx help center · accessed Jan 1, 2026
KYCnot.me — CoinEx entry · accessed Jan 1, 2026

Alternatives to CoinEx

Entry last verified Jan 1, 2026. Notice an error? Send it via the contact form.