03/05/2024
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CoinW

CoinW

CoinW is a centralized cryptocurrency exchange founded in South Korea in 2017. It specializes in altcoins, which are coins with lower market caps. CoinW is focused on finding the most promising altcoins and being the first to list them, offering its users the chance to make potentially high profits

The exchange uses a combination of hot and cold wallets to store users' funds, with most assets held offline in cold storage to prevent hacking attempts. CoinW implements 2FA (two-factor authentication) for user logins and withdrawals to further secure user accounts.

CoinW offers a variety of trading options, including spot trading, margin trading, and futures trading. The exchange supports Korean won (KRW) and US dollar (USD) trading pairs.  The platform also supports various fiat currencies, from Euro to the Ugandan shilling and Czech koruna.

One unique aspect of CoinW is its "Community Mining" program, which allows users to earn cryptocurrency by participating in the CoinW community. Users can earn rewards for inviting friends to the platform, participating in trading competitions, and sharing CoinW's social media posts.

CoinW offers several other services, such as a HyperPay crypto wallet; HyperBC, a high-throughput crypto management solution; HyperFin, a crypto-financial service provider; and CoinW Ventures, a venture capital firm that supports emerging projects.
CoinW features its native utility token, CWT. This token is similar to many other exchange tokens, allowing users to reduce the fees they pay for transactions on the exchange.

CoinW has faced some regulatory challenges in South Korea, which has implemented strict cryptocurrency regulations in recent years. In 2020, the exchange was among several Korean businesses to receive an official warning from the country's Financial Services Commission for alleged money laundering violations.

Despite these challenges, CoinW remains a popular option for cryptocurrency traders in South Korea and worldwide.