One crypto exchange that’s rapidly gaining mainstream popularity right now is WEEX. In the last couple of years, it has established itself as a capable contender among crypto heavyweights like Binance and Bybit, thanks to its focus on simple yet impactful features. Our WEEX exchange review examines the platform in depth to help you decide if it is the right fit for your trading needs.

Launched in 2018, WEEX serves over 6.2 million users across more than 130 countries and commands an average daily trading volume of about $2 to $5 billion. The exchange distinguishes itself through exceptionally high non-KYC withdrawal limits, a 400x futures trading leverage, and a protection fund for emergencies.

Join us as we dive deep into the WEEX exchange, its features, offers, and fees to determine if it really is one of the best exchange picks for 2025.

Our Verdict on WEEX

Our analysis reveals that WEEX features a highly intuitive user interface, a deep derivatives lineup, and a surprisingly capable copy trading section. These features make the exchange an ideal choice for both beginners and intermediate traders.

But the exchange is also able to attract more experienced traders thanks to its competitive fees, which become cheaper with higher VIP tiers and by holding the WXT token. We also found that the WEEX app is available on both iOS and Android, with an average rating of around 4.5 on both platforms.

Key Takeaways

Here’s a quick overview of the key facts and takeaways from our WEEX exchange review:

• Best for: We believe WEEX is best for privacy-conscious traders who are looking for high non-KYC limits (up to 500,000 USDT daily for the highest VIP tier). It’s also ideal for experienced futures traders seeking up to 400x leverage, and for residents of the US and Canada, where competitor exchanges are prohibited.

• Comprehensive Support: The exchange features over 1,700 trading pairs, full TradingView integration, and a professional copy trading platform.

• Fees: The spot trading fees are 0.10% (maker) and 0.10% (taker), but promotions may reduce the maker fee to 0%. On the other hand, futures fees are 0.02% (maker) and 0.08% (taker). Climbing VIP tiers reduces the fees even further.

• Security: Most importantly, WEEX hasn’t witnessed a major hack since its launch in 2018. It features cold storage for your digital assets, a publicly verifiable 1,000 BTC Protection Fund for emergencies, and even a CertiK BBB security rating.

WEEX Pros and Cons

Let’s take a quick look at some of the key pros and cons of WEEX:

Pros

• Extensive trading support for over 1,700 crypto pairs

• Provides up to 400x leverage on select cryptos

• High withdrawal limits for non-KYC verified customers

• Spot trades incur a cost of 0.1%, while futures fees are as low as 0.02% for makers and 0.08% for takers at their base levels

• Features an intuitive user interface on both mobile and desktop

• Maintains a 1,000 BTC insurance fund and publishes regular Proof of Reserves (PoR)

Cons

• Limited fiat on/off-ramps

• Faces geo restrictions in some regions

What Is WEEX and How Does It Work?

Since its launch in 2018, WEEX has emerged as one of the best crypto exchanges for passionate derivatives traders. While it was initially established in Singapore, the exchange later relocated its headquarters to Dubai in the United Arab Emirates.

At its core, WEEX is a comprehensive Web3 trading platform that caters to both beginners and seasoned traders. It offers a full spectrum of crypto trading services, but it’s primarily known for futures and derivatives trading.

WEEX has also been actively building a credible brand. For example, it has partnered with former English football star Michael Owen, who currently serves as a global brand ambassador for WEEX.

The platform’s emphasis on derivatives is evident in features like high leverage of up to 400x and extensive support for perpetual swaps. Our WEEX crypto exchange review also indicates that the platform consistently ranks among the top derivatives exchanges in terms of trading volume.

Having said that, it’s important to recognize that WEEX isn’t just tailored for professional futures traders. A standout feature of the platform is copy trading, which allows new or less experienced users to automatically copy the trades of proven elite traders on the platform.

Full Suite of WEEX Trading Products

We found that WEEX features a diverse range of products to effectively cover all the bases for a modern Web3 investor, eliminating the need to juggle between multiple platforms.

Let’s take a closer look at how WEEX is achieving this:

• Futures and Derivatives: In addition to the core spot trading service, WEEX features an advanced futures trading platform that offers perpetual futures contracts on a huge range of assets. These include top cryptocurrencies like Bitcoin and Ethereum, as well as many smaller altcoins.

• Copy Trading: You can browse performance stats for thousands of elite traders and automatically mirror their positions, allowing you to earn passive income from their moves. The platform even offers controls to help users manage risk, such as custom leverage, take profit & and stop loss (TP/SL).

• WE-Launch (Launchpad): This portal features periodic token pools where WXT holders can commit tokens to receive airdrops/allocations of new projects.

• Peer-to-Peer (P2P) Trading: WEEX offers a P2P marketplace for buying and selling cryptos directly with other users. It’s worth bearing in mind that, like most exchanges, WEEX doesn’t charge any fees on these P2P trades.

• Mobile App: Although not a separate service per se, the WEEX mobile app is a vital component of the platform’s offerings. Available on iOS and Android, the app empowers users to access all the core features of WEEX on the go.

• Demo Trading Mode: WEEX includes a Demo Trading or simulated trading mode, which is a valuable tool for practice. In demo mode, users get virtual funds to trade in a realistic market environment without any actual money at risk. This is perfect for newcomers to practice how to place orders, or for experienced traders to test new trading strategies.

Trade Over 1,700 Cryptos on WEEX

One of WEEX’s core strengths is the sheer number of cryptos it supports for trading. You can currently buy Bitcoin on WEEX, alongside Ethereum, Solana, and 1,700 other cryptos, providing users with a wide range of choices when building their portfolios. These coins range from all the blue-chip coins to a vast selection of emerging altcoins that are often difficult to find elsewhere.

WEEX Fees Guide

The fee structure at WEEX is straightforward and relatively low, especially compared to some larger competitors.

Let’s break down the fees into trading fees and non-trading fees:

Trading Fees

On the spot market, WEEX charges a fee of 0.1% per trade for both makers and takers in the default tier. This 0.1% spot fee is comparable to many low-fee exchanges and is way lower than, for example, Coinbase’s standard fees.

But the fees are even lower on the futures markets. For instance, the base rate is just 0.02% for maker orders and 0.08% for taker orders. As a point of reference, Binance futures charges 0.02% and 0.04% for makers and takers, respectively, at the base level. Thus, WEEX is similar for makers and only slightly higher for takers.

One thing to note is that WEEX has a VIP tier system that can further reduce these fees. The VIP levels are based on 30-day trading volume or holding a certain amount of WXT tokens (or maintaining a balance).

For example, reaching VIP 1 will reduce futures fees to 0.075% for takers and 0.02% for makers, with higher tiers offering even lower taker fees at 0.04% and maker fees at 0.01%. For spot trades, the cost will drop to 0% for both makers and takers at the VIP level 8.

Non-Trading Fees

Let’s break down non-trading fees at WEEX, such as deposits, withdrawals, and a couple of miscellaneous fees:

• Deposit: Our research shows that there are no specific fees for depositing crypto into WEEX. If you send crypto from your wallet to WEEX, the only cost is whatever network transaction fee you pay on the blockchain itself.

• Withdrawals: For withdrawing crypto from WEEX to an external wallet, fees vary by asset. WEEX charges a fixed withdrawal fee per coin, intended to cover the network mining fees. These withdrawal fees are typical in the industry. For example, the latest rate table on WEEX has listed a 0.00016 BTC fee for Bitcoin and a 0.0015 ETH fee for Ethereum, but these values can change depending on network conditions.

• Other Fees: WEEX does not charge any account maintenance fee or inactivity fee. WEEX also doesn’t charge for things like enabling features or using copy trading. For context, copy trading is free to use; the only “fee” is that a share of profit goes to the trader you copy, but that’s built into the profit split.

WEEX Fee Summary

Review of WEEX User Experience

User Experience is a major factor, especially for those new to crypto. In our assessment, WEEX offers a mostly positive user experience with a few caveats.

When you first visit WEEX’s website, you’re greeted with a modern dashboard-style homepage. The design uses a dark theme by default with yellow accents, aligning with their branding. The navigation menu at the top makes it easy to jump between sections: Markets, Futures, Spot, Copy Trade, WE-Launch, and more are all one click away.

Even the trading interface itself on WEEX is sleek and will feel familiar if you’ve used any major crypto exchange before. It’s also easy to find the Reward Center and promotions if you’re looking for bonuses. WEEX has a rewards hub where you can earn vouchers or bonus credits after doing a few tasks, which is clearly displayed on the menu.

User Experience on the WEEX Mobile App

For traders who like to manage their portfolio on the go, the WEEX app is a crucial part of the user experience. We found that the WEEX mobile app is well-designed and offers nearly full functionality in the palm of your hand.

The app’s interface closely mirrors the web platform in many ways, which is good for consistency. Upon logging in, you will have a dashboard displaying your asset balances and quick links to key features like deposit, withdrawal, trade, or copy trade.

Navigating the app is done through a bottom menu that includes Home, Markets, Trades, Futures, and Wallet.

WEEX Wallet Overview

When using any crypto exchange, understanding how wallets and custody work is important. On WEEX, there are effectively two types of wallets: the custodial wallet within your WEEX account, and a non-custodial wallet, where you own the assets personally.

• Custodial Wallet (WEEX Exchange Wallet): By default, when you deposit crypto into WEEX, those funds are held in a custodial wallet managed by the exchange. This is the typical operation of CEX. In a custodial setup, WEEX holds the private keys to the wallets that contain user funds. Your balances are tracked in your account, but you do not individually control the private keys, as the exchange handles that on your behalf. The benefit of this approach is convenience because you don’t have to manage private keys or worry about losing a seed phrase.

• External Non-Custodial Web3 Wallet: On the other hand, crypto enthusiasts who want complete control over their crypto holdings can use a non-custodial wallet. Some of the top crypto wallets in this category include MetaMask, Best Wallet, Trust Wallet, and Ledger hardware wallets, among others. WEEX does not yet offer its own standalone non-custodial wallet app, but it encourages advanced users to store long-term holdings off the exchange in a wallet they control.

Which Wallet Is Best for You?

If you are an active trader, using the WEEX custodial wallet is the more convenient option. It enables instant trading, allowing you to benefit from the exchange’s security measures without needing to manage your own keys. Just remember to enable all security features on your account.

But if you are a long-term holder or someone with a substantial crypto portfolio that you won’t be trading regularly, consider using a non-custodial wallet to store your holdings.

For instance, after trading on WEEX, you can simply withdraw your Bitcoin to your hardware wallet for cold storage. That way, even if anything happens to WEEX or if you simply don’t want any counterparty risk, you’ll still retain control over your crypto holdings.

How to Deposit and Withdraw Funds on WEEX

WEEX supports a variety of deposit and withdrawal methods, although direct fiat support is somewhat limited.

Here’s a quick overview of how you can deposit and withdraw your funds on WEEX, including methods, limits, and likely processing times.

Crypto Deposits

To deposit crypto, generate a deposit address from your WEEX account and send your coins to it. WEEX provides deposit addresses for all supported blockchains and tokens. Always ensure the network you select on WEEX matches the network from which you send the funds.

As mentioned when discussing fees, WEEX doesn’t charge you any deposit fee. The only cost is the network fee that you pay to send the transaction from your wallet to WEEX. Please note that WEEX has set minimum deposit amounts for each coin, which are listed on the deposit page when you select an asset.

Fiat Deposits

Our WEEX exchange review indicates that WEEX currently lets you directly buy cryptocurrencies using a third-party fiat on-ramp (via OSL Pay). However, fiat deposits on WEEX may also be region-dependent. While WEEX’s guides say bank transfer/card options exist, several reviews report no direct fiat on-ramp. If available in your region, you’ll see the fiat options in the Deposit/Buy Crypto section.

If the fiat option isn’t available, you’ll need to use P2P for buying crypto. You can use WEEX P2P to buy USDT from sellers using local payment methods like bank transfers and e-wallets. P2P deposit speed depends on how quickly the payment is made and the seller releases the crypto. Typically, it can be done in 5–15 minutes if the seller is online and your payment is instant.

Crypto Withdrawals

Withdrawing crypto on WEEX is straightforward. Navigate to the Withdraw section, select the coin, enter your destination wallet address, choose the network, and specify the amount to withdraw. WEEX will then show the network fee and the final amount you’ll get. Confirm the withdrawal and complete any necessary security steps (like 2FA confirmation).

By default, with no KYC, WEEX allows withdrawals up to 10,000 USDT (or equivalent) per 24 hours. If you complete identity verification, this daily limit increases significantly to 1,000,000 USDT. The VIP levels can further increase withdrawal limits.

We found that withdrawals on WEEX typically process within minutes. But for security reasons, large withdrawals or first-time withdrawals of a new asset may be manually checked, which can take a bit longer.

Fiat Withdrawals

As with deposits, direct fiat withdrawals to a bank may not be available on WEEX to all users. In this case, to withdraw fiat currency, a user would need to convert their crypto to a stablecoin and then use the P2P market to sell it to someone in exchange for cash.

WEEX Security Review

Since launching in 2018, WEEX has not experienced any major hacks or breaches reported publicly. This is a positive sign, especially given how long the exchange has been operating. Many exchanges that have been around that long have had at least one noteworthy incident.

One of WEEX’s key security features is its Investor Protection Fund, which holds 1,000 BTC. This is essentially an insurance reserve, where WEEX has set aside 1,000 BTC in a dedicated wallet to cover unexpected losses due to system failures, hacks, or other platform issues not caused by the user. Importantly, WEEX has made the address of this fund public and verifiable on the blockchain.

Adding to the list of security features, WEEX publishes a PoR to demonstrate that it holds customer assets in a 1:1 ratio. They’ve partnered with an auditor to enable users to verify that their account assets are accounted for on-chain.

From a compliance perspective, WEEX is registered with FinCEN in the US and FINTRAC in Canada as an MSB. This means it has to adhere to regulatory standards like AML (Anti-Money Laundering) programs and reporting suspicious activities.

WEEX Support Overview

We came across a live chat feature on WEEX that features an AI assistant. You can either chat with this assistant to get answers for basic queries or even connect to a human agent for nuanced concerns. To do so, you’ll just need to identify yourself using your registered email address.

Alternatively, you can also send an email to WEEX support at support@weex.com for general inquiries. Email may be better suited for more complex issues or when you need to attach documents. Our research indicates that the team’s response times can vary from a few hours to days, depending on the issue.

Many users have had their issues resolved, but some have complained about slow responses, especially on more complicated matters. This isn’t unusual in crypto, as many exchanges have similar problems, but it’s something WEEX could improve upon.

Meanwhile, WEEX has a “Help Center” (its knowledge base) with FAQ articles and guides on common topics, such as depositing funds, the fee schedule, and using other features. This is a good starting point for self-service, as it’s organized by categories like P2P trading, copy trading, and more.

The help articles we read were clear and well-written, likely to answer many basic questions, so users might not even need to contact customer support. Moreover, for high-tier VIP clients, WEEX provides dedicated account managers or VIP support lines.

Understanding WEEX Account Levels

Here’s a quick breakdown of how account types work on WEEX:

• Unverified or Basic Account: This is the default account you get upon signing up, without submitting any KYC documents. With an unverified account, you can deposit crypto, trade, and withdraw up to a specific limit. The daily withdrawal limit for unverified users on WEEX is 10,000 USDT (or a local-currency equivalent). This is generous compared to some platforms that limit unverified withdrawals to a much smaller amount.

• Verified Account: The verification process involves providing personal information, a government-issued ID (like a passport or driver’s license), and a selfie or liveness check. WEEX, being an MSB-registered exchange, follows standard KYC procedures. Once verified, your withdrawal limits increase significantly, up to 1,000,000 USDT per day or more, depending on your VIP tier.

• VIP Account Levels: WEEX offers a robust VIP program with eight tiers, ranging from VIP 0 to VIP 8. These VIP levels are achieved via any of three factors: trading volume, WXT token holdings, or maintaining a certain asset balance. For context, VIP1 requires a 30-day volume of $1 million, $5 million for VIP2, and so on, up to VIP8, which demands a volume of $500 million.

Explore WEEX in 5 Simple Steps

Below is a simple guide covering the entire user journey, from signing up and verifying your account to funding it, placing trades, and finally withdrawing your assets:

Step 1: Create Your Account (Web or App)

Visit the official WEEX website or download the WEEX app. You can simply click on “Sign Up,” enter your email address or number, set a strong password, and verify it via code to create a new account in minutes. We also recommend enabling 2FA from the security section in your account menu.

Step 2: Verify Your Account

In your Account overview section, go to the Identity verification tab. After starting this process, you’ll be asked to upload a government-issued ID and complete liveness checks.

The verification review usually takes anywhere from a few minutes to a couple of hours. WEEX will email you once verified, or you can check the status in the dashboard. After approval, your account status will be updated to ‘Verified’, unlocking higher limits.

Step 3: Deposit Funds

Firstly, select the crypto you want to deposit from the list. Then, select the network through which you will send the coins. For example, when depositing USDT, you’ll see options such as ERC20, TRC20, and BEP20; select the one you intend to use. Please ensure this matches the location from which you’re sending.

WEEX will then generate a deposit address and QR code for that crypto on the chosen network. Copy the address carefully. Go to your external wallet or exchange, where your funds are currently located, and initiate a withdrawal to the copied address.

Alternatively, you can also use WEEX’s P2P feature to directly buy crypto with your local currency.

Step 4: Make a Trade

On the WEEX homepage, click “Markets” or “Spot” in the tab options. On the left, you’ll find the trading pair you want. If you deposited USDT and want to buy Bitcoin, look for BTC/USDT and click it. The center will display the BTC/USDT price chart, and on the right, you’ll see the order book and order entry panel.

You can then simply place a “Market” or “Limit” order and click “Buy BTC” to confirm your trade.

Step 5: Sell Coins and Withdraw Funds (Optional)

To withdraw money, ideally convert your crypto to a stablecoin like USDT or to a coin you want to withdraw. For example, if you have Bitcoin and want to withdraw in USD via P2P, you might first want to sell the BTC for USDT.

You can then either withdraw USDT to some other wallet or sell it for cash on WEEX’s P2P portal. To transfer it to some other wallet, simply click on “Withdraw” in your asset’s section (in this case, USDT) and enter the destination wallet address.

WXT Token: Everything You Need to Know

The WXT token is the native crypto of the WEEX exchange ecosystem. Much like other exchange tokens, such as Binance’s BNB token, WXT is designed to provide additional value and utility to WEEX users.

WXT launched in August 2023 with an initial total supply of 10 billion WXT. But WEEX has implemented aggressive token burn strategies that have already impacted the token’s circulating supply. For instance, in early 2025, WEEX conducted a massive burn of 4 billion WXT (40% of the total supply) to make the token deflationary.

Holding WXT has several benefits on the WEEX platform. One of the biggest flagship utilities is that it unlocks a 70% discount on trading fees for its token holders. As discussed before, holding specific amounts of WXT can qualify you for higher VIP levels even if your trading volume alone wouldn’t.

Moreover, WEEX’s launchpad events often require users to stake or commit WXT to get new token airdrops. According to WEEX, WXT holders will receive priority access to new project tokens via WE-Launch.

Our WEEX Review Methodology

We’ve taken a thorough and systematic approach to evaluate WEEX, combining both hands-on testing and extensive research.

To begin with, we created a WEEX account and used it extensively to get an authentic user experience. We compared WEEX’s fees, features, and performance with those of other well-known exchanges. This involved comparing how WEEX’s trading fees stack up against those of Binance, Coinbase, Kraken, Bybit, and other exchanges.

We also analyzed WEEX’s company background and security track record by reviewing resources like official announcements and credible third-party analyses.

Final Thoughts

Per our in-depth research and analysis, WEEX hits a sweet spot for users who want a simple interface alongside a reliable futures and copy trading platform. Our WEEX exchange review reveals that the platform excels in low fees, extensive coin selection, and advanced trading tools.

You should always do your own research and start with small trades if you’re not yet well-versed in futures trading. Even so, our experience suggests that WEEX is reliable, cost-effective, and primed for further growth.

If you’re ready to take your trading to the next level or are simply looking for a trustworthy crypto trading platform with great benefits, WEEX is a credible choice. Head over to WEEX’s official site, where you can sign up in minutes and even claim a welcome bonus to kickstart your journey.