Features, Pros, Cons, and Fees

WEEX is a popular crypto exchange that offers a comprehensive suite of trading services, including spot trading, futures trading with high leverage up to 400x, over-the-counter (OTC) trading, and copy trading. This WEEX Exchange review covers everything you need to know about the exchange, including its best features, security, fees, top WEEX alternatives, and a step-by-step guide on how to use the exchange.

WEEX Exchange Review: Quick Summary

WEEX Review: What is WEEX?

WEEX is a centralized cryptocurrency exchange founded in 2018 with a $100 million investment from a major blockchain firm. The platform offers basic and advanced trading features, including spot and futures trading with leverage up to 400x, over-the-counter (OTC) trading, and copy trading options, making it suitable for both beginner and professional traders.

In addition to these trading tools, Weex is also a top pick for high-frequency traders because it supports 1,500+ trading pairs and provides deep liquidity, while offering low fees. Unlike most regulated exchanges, WEEX allows users to trade with no KYC verification for smaller transaction limits.

WEEX Pros

• Supports a wide range of cryptocurrencies, over 1000 tokens, and 1500+ pairs.
• Strong security measures, including a 1000 BTC user protection fund, AI-powered risk control, and multiple security vendor audits.
• Copy trading feature allows users to mirror experienced traders easily.
• Low fees: 0.1% for spot trades, and discounted futures fees up to 30% for WXT token holders.
• Strong affiliate and referral programs offering commissions up to 30%.

WEEX Cons

• Fiat withdrawal is not supported. Users must transfer crypto elsewhere to cash out in fiat.
• OTC express trade is limited mainly to Chinese users with mandatory KYC.
• No direct fiat deposit options except through third-party OTC providers in certain regions.

Key Features of WEEX Crypto Exchange

The best features of WEEX crypto exchange include spot, margin, futures, copy, and demo trading.

1. Spot Trading

WEEX supports 1,500+ trading pairs, giving traders access to major crypto assets and smaller altcoins. The trading interface allows users to choose between basic and professional modes; the former is for quick trades, and the latter offers elaborate charts, advanced charting tools, and advanced order types like limit and market orders.

2. Margin Trading

For traders looking to amplify their positions, WEEX offers margin trading options via cross and isolated margin modes. In cross margin, all assets in your margin wallet serve as shared collateral across open positions, allowing profits from one trade to offset potential losses from another.

On the other hand, Isolated margin confines risk to a specific position; if the market moves unfavorably, only that margin is affected. WEEX dynamically adjusts margin requirements based on leverage and position size, helping traders manage liquidation risk more effectively. This flexibility allows traders to select the leverage and margin that aligns with their trading strategy.

3. Futures Trading

WEEX provides perpetual contracts with high leverage up to 400x on some assets, allowing traders to speculate on market movements without owning the underlying asset. For derivatives trading (futures and perpetual contracts), WEEX supports a range of pairs and includes an order book, position details with margin and unrealized P&L, real-time charts, and various order types like market and limit orders.

4. Copy Trading

The copy trading feature on WEEX lets traders mirror the strategies of experienced traders in real time. Users can browse leaderboards showcasing professional traders’ win rates, profit margins, trading frequency, and historical performance to choose whom to follow.

Once you follow a trader, all trades executed by the leader will be automatically copied in your account. For professional traders (master traders), WEEX offers an incentive system that rewards them with a percentage of profits from their followers’ earnings.

5. Demo Trading

To help users practice and improve their strategies, WEEX provides a Demo Trading environment that mimics real market conditions using virtual funds. New users receive 50,000 USDT in simulated balance for both BTC and ETH trading, allowing them to explore futures contracts, test strategies, and learn risk management without putting real money on the line.

The demo interface is similar to WEEX’s live trading environment, complete with live price charts, liquidation mechanics, and performance tracking, giving newcomers the confidence to transition to real trading once they’re ready. Aside from beginners, it is also a valuable tool for advanced traders experimenting with new strategies before going live.

WEEX WE-Launch

WEEX WE-Launch is a feature on the WEEX exchange that allows users to earn free crypto airdrop rewards from new and emerging projects by committing the native WEEX token. Here is a rundown on what the platform is, how it works, and how to get started.

What is WEEX We-Launch?

WEEX WE-Launch is the exchange’s built-in token issuance/airdrop platform. It’s designed so that holders of WEEX’s native token WXT can take part in new token drops and claim free allocations from projects launching on WEEX. Instead of paying, you simply commit your WXT, and in proportion, you will receive the new token rewards when the launch event ends.

Although the platform offers traders preferential treatment and early access to new tokens before they are available to the public, there are some limitations. For starters, the new tokens might be highly volatile or illiquid, and holders might convert them to a more stable token or sell them for the same.  

Secondly, if many participants commit large amounts of WTX, your share from the new token could be small. Still, it is worth giving the platform a chance since you stand a chance to receive free airdrops if you qualify. Below is a simple process on how to get started.

How to Participate in WE-Launch?

To participate in WE-Launch, first ensure you meet the requirements below:

• You must hold at least 1,000 WXT in your WEEX spot trading wallet. Your WXT holdings must stay above that minimum over certain snapshot days (often 2 days) before and during the event.
• If your balance dips below the required minimum during that period, you will become ineligible. Now, if you have WXT locked (staked/locked elsewhere), it won’t count toward eligibility.
• After the commitment phase ends, WEEX computes each participant’s reward share. Once the event concludes, the new tokens are distributed to participants’ spot wallets, as per the rules stated in the WE-Launch event. You can then trade or hold them once listing begins. 
• You can take part in multiple WE-Launch projects simultaneously (if you meet the criteria). 

Here is a straightforward guide on how to participate:

• Create a WEEX account and deposit funds. You can find a step-by-step guide on how to set up a new account on WEEX further in this article.
• Buy crypto and convert it to at least the minimum and ensure it’s in your spot wallet (not locked or in other wallets) ahead of the event.
• Monitor the WE-Launch page or announcements for an upcoming token drop. During the commit window, click “Quick Commit” to commit your WXT amount.
• Wait for the event to end. Afterward, claim the new token allocation when distribution opens.

Once distributed, the new token will appear in your spot trading wallet and be tradable (depending on the listing schedule).

Order Types on WEEX Exchange

WEEX provides various order types to give traders flexibility and control over their trades. These include Market Orders, Limit Orders, and Advanced Orders.

Market Orders

Market Orders are the fastest way to buy or sell crypto on most centralized exchanges, including WEEX. When you place a market order, the platform automatically executes it at the best available price in the order book. This order type is ideal for traders who want speed and certainty of execution over price precision, especially during high volatility periods.

Limit Orders

Limit Orders, on the other hand, give traders more price control. Here, you set a specific price at which you want to buy or sell an asset. The order remains pending until the market reaches that price. This allows you to plan your entries or exits strategically, rather than reacting in real time. Limit orders are especially suitable for experienced traders who want to take advantage of price dips.

Advanced Orders

WEEX also supports advanced orders, including stop-loss, take-profit, and trigger orders. These are essential risk management tools that help traders automate their strategies. For example, a stop-loss order automatically sells an asset once its price falls to a set level, minimizing potential losses.

Meanwhile, a take-profit order locks in gains when a target price is reached. Trigger orders combine both functions, allowing traders to set conditions that automatically execute orders once specific market criteria are met.

WXT Token Ecosystem Review

WXT is the native utility token of the WEEX crypto exchange. The token serves multiple purposes within the WEEX ecosystem, including granting holders access to fee discounts, facilitating participation in token launch events, enabling staking/holding rewards, and providing other benefits associated with VIP levels and governance functions.

The total supply of WXT is 10 billion tokens. Out of that, about 3.9 billion are in the circulating supply initially. Here’s how the distribution is broken down:

• WTX Ecosystem (20%): To support project incubation, growth of Web3 initiatives in the WEEX ecosystem.
• Used Acquisition (10%): This allocation is for growing the WEEX community (funding referral programs, promotional airdrops, WE-Launch participation bonuses, and staking incentives).
• WEEX Protection Fund (25%): Reserved to help compensate users in case of losses not caused by user error.
• Partner Ecosystem Fund (15%): This allocation supports collaborations, project listings, and Web3 partnerships that integrate with or build on the WEEX platform.
• Team Incentives (15%): To ensure long-term alignment, 15% of the total supply is allocated to the WEEX team and key contributors.
• Branding and Promotion (15%): The remaining share is allocated to marketing, brand expansion, and global awareness initiatives.

Of the total token supply, about 10% is allocated to incentives that directly involve the community, through holding, staking, WE-Launch, airdrops, and user growth. Additionally, WEEX runs airdrops, holder-prize pools, and promotions where holding WXT gives eligibility.

Benefits for WXT Holders

Holders of WXT enjoy several benefits, including:

• Trading Fee Discounts: Holding WXT allows you to reduce both spot and futures fees. WTX holders could get up to 20% discount on futures fees.
• Access to WE-Launch/Token Airdrops: Users holding WXT can commit tokens to WE-Launch events and receive free allocations of new tokens from projects launching on WEEX. 
• Staking/Holding Incentives: WXT offers yields for those who stake or hold longer term. 
• VIP Level Upgrades/Privileges: WXT holdings contribute to VIP status on WEEX, which brings further discounts, better terms, and priority access to events.
• Profit-Sharing and Community Governance: In some of WEEX’s copy trading/elite trader schemes, WXT holders (or top traders who hold WXT) can get higher profit sharing. Also, WXT gives some governance or voting rights in certain platform decisions (new listings, features).

WEEX Affiliate & Referral Programs

The WEEX affiliate program offers large-scale promoters (bloggers and crypto influencers) access to earn passive income by advertising the platform. Meanwhile, the referral program gives every user access to do the same and earn rewards. Let’s look at how the affiliate and referral programs are different.

WEEX Affiliate Program

The WEEX Affiliate Program helps influencers, community leaders, and crypto enthusiasts earn commissions by promoting the exchange. When you become an affiliate on WEEX, you receive a unique referral link to invite others to join WEEX. Whenever those referred users trade, you earn a percentage of the trading fees.

The WEEX affiliate program offers one of the highest commission structures in the industry, around 30% and includes dedicated support from affiliate managers, access to exclusive campaigns, and promotional materials to help affiliates promote the exchange.

WEEX Referral Program

The WEEX Referral Program is a simpler version of the affiliate system and is open to all WEEX users. It allows anyone trading on WEEX to earn rewards by inviting friends or colleagues to join the platform.

All you need to do is share your referral code or link, and when the invited users begin trading, you and the invitees will receive incentives such as trading fee rebates, bonuses, or even special rewards like mystery boxes during promotional events.

The referrer earns up to 50% of the trading fees generated by your referrals, while the new users also benefit from discounts on their trading fees. In addition to the standard reward, the platform runs seasonal campaigns occasionally offering extra rewards for active participants, including cash prizes and WXT token bonuses.

WEEX Exchange: Security Measures

WEEX Exchange implements multiple security measures to safeguard user accounts and assets. Some of these features include:

• Two-Factor Authentication (2FA): Mandatory for all users, adding an extra verification layer beyond passwords to prevent unauthorized account access.
• AI-Powered Risk Control: The crypto trading platform combines artificial intelligence with manual oversight to monitor trading activities and detect fraudulent or suspicious behavior in real time.
• Strong Encryption and Cold Storage: WEEX Exchange uses advanced encryption protocols and extensive cold wallet storage to secure user funds and sensitive data.
• 1,000 BTC Investor Protection Fund: This fund serves as a safety net for users in case of asset losses resulting from events outside their control.
• Regulatory Compliance: WEEX holds US and Canadian MSB (Money Services Business) licenses and undergoes independent security audits by reputable third-party vendors.

Is WEEX Safe?

WEEX is considered safe, but the regulatory level is discouraging. It is left to you to decide if you would use the exchange to trade or not. As discussed above, WEEX prioritizes security, ensuring that the platform and user assets are preserved by advanced encryption, two-factor authentication, and a protection fund designed to cover user assets in case of unforeseen incidents.

WEEX Exchange Fees

WEEX Exchange fees could further be used for trading fees and deposits, and withdrawal fees. Here is a rundown of the charges on WEEX Exchange.

Trading Fees

Like other top centralized exchanges, WEEX follows a tiered fee structure, where users with high 30-day trading volume, WXT holdings, and high 5-day average asset holdings get discounts on trading fees.

• Standard Spot Fees: 0.1% maker/taker fees

• Standard Futures Fees: 0.02% maker and 0.08% taker fees.

WEEX has eight VIP levels, and as you meet new VIP requirements, you get more discounts, up to 0% for VIP 8 traders.

Deposits and Withdrawals Fees

• Deposits: Deposits on WEEX are free of charge.
• Withdrawals: The exchange does not directly charge fees, but you will incur gas or miners’ fees. This fee on WEX varies based on the cryptocurrency and current network congestion. For example, BTC withdrawal on the BTC network has a fee of around 0.0016 BTC, and ETH withdrawals have a fee of around 0.0015 ETH.

How to Use WEEX Exchange?

Below are step-by-step guides on how to open an account and start trading on WEEX.

How to Open a WEEX Exchange Account?

Follow these steps to open a new account on WEEX Exchange:

• Visit the WEEX official website or download the app if you want to trade on mobile.
• Click Sign up at the top right corner of the page and enter your email or phone number and the referral code “cglw” then click “sign up and claim your reward” to complete the registration process.
  
• Input the 6-digit code sent to your email and add a strong password to complete the account verification.

How to Start Trading on WEEX Exchange?

Follow these steps to trade on WEEX Exchange:

• After logging in, deposit funds into your account.
• Click on Spot or Futures to either execute basic buy/sell orders or use leverage on the futures market to amplify your trade.
• Choose trading pairs and place Market or Limit orders via the trading interface.
• Customize other settings, especially Stop Loss and Take Profit to manage liquidation risk.

You can also use demo features to practice your strategy before going live.

How to Deposit & Withdrawals at WEEX?

To deposit funds on WEEX Exchange, go to the Wallet section and select “Deposit”

• Choose between crypto deposits or fiat payment methods.
• For crypto, select the coin, copy the deposit address generated, and send funds from your external wallet.
• For fiat, choose available payment methods like bank transfer or cards, and complete payment.

To withdraw money on the WEEX Exchange, go to Profile and select “Withdraw.”

• Choose a token and specify withdrawal address or internal transfer option.
• Confirm details carefully because if you send crypto to the wrong wallet address, you will lose it forever. Crypto withdrawals cannot be reversed.

Note: Fiat withdrawals on WEEX are not supported globally, so withdraw to an external wallet that supports fiat withdrawals.

WEEX App Review: User Experience

After spending time using the WEEX app, it’s obvious that the platform was designed with both beginners and professional traders in mind. The onboarding process is fast. You can create an account and start trading almost instantly without having to go through any KYC verification, just as WEEX advertises.

The interface feels clean and uncluttered, especially on mobile. The app layout is also intuitive, like the charts, trading pairs, and order options are easy to locate, even for a first-time user. And if you’ve used any top centralized exchanges, it will be easy to get familiar with the WEEX Exchange.

Switching between spot and futures markets is easy, the app has good speed, even during heavy market activity and executing trades feels smooth and almost instantaneous. From my experience, the WEEX copy trading feature is well-integrated and easy to use. You can browse through trader profiles, check their performance history, and start copying with just a tap, nothing new, same process as with other top CEXs.

The Wallet section shows your portfolio distribution clearly and allows quick deposits, transfers, and withdrawals with minimal steps. Ultimately, using the app didn’t feel much different than other exchange apps, like Binance, Bybit, or MEXC.

WEEX Customer Support & User Feedback

WEEX offers support primarily through Telegram and an AI customer service feature on the WEEX website to connect with live agents. If you have issues like bugs or other problems, you will need to report them on the WEEX support page with detailed descriptions and screenshots.

When it comes to user feedback on WEEX, some users report slow or poor customer support responses and issues with account freezing and withdrawal difficulties. Several user reviews on platforms like Trustpilot and Reddit describe experiences of account problems, lack of resolution from support, and suspicions of risk management bots blocking accounts without clear explanations.

WEEX Global Brand Ambassador

Michael Owen is the WEEX Global Brand Ambassador. The former professional footballer was announced as the brand ambassador in July 2025. Michael Owen brings global recognition from his football legacy (Ballon d’Or winner and Premier League Golden Boot recipient) to support WEEX’s mission.

Top Alternatives to WEEX for Crypto Trading

Next Read: Find out more about OKX Exchange in this detailed OKX Exchange review.

Conclusion: Is WEEX a Good Exchange?

There is no clear answer to determine whether it is good or bad. Depending on your trading needs and goals, WEEX might be a good exchange. The platform offers various basic and advanced trading tools, catering to beginners and experienced traders alike. In addition, it is a top pick for traders in major markets where most centralized exchanges are banned, and the no-KYC policy is also a bonus for traders who prefer to trade anonymously.

FAQs

What is WEEX Used for?

WEEX is a cryptocurrency exchange that is used for trading, buying, and selling digital assets like Bitcoin, Ethereum, Solana, and other cryptocurrencies. 

Can I Earn Passive Income on WEEX?

Yes, you can earn passive income on WEEX via their referral program, copy trading, and other rewards programs. WEEX offers a referral program where you earn up to 30% commissions from the trading activity of users you refer.

Another way to generate passive income on WEEX is by becoming an elite trader in their copy trading platform. Elite traders also earn high commissions on successful trades when others copy their strategies. You can also earn passively on WEEX by holding and staking crypto assets and participating in other time-bound events.

Is WEEX Available in the United States?

Yes, WEEX is available for traders residing in the United States. The platform holds a legal license as a Money Services Business (MSB) with the US Financial Crimes Enforcement Network (FinCEN), ensuring compliance with US financial regulations.

How do I Claim the WEEX Bonus?

To claim the WEEX bonus, follow these steps:

• New User Registration and KYC Verification: Register a new account on WEEX and complete the KYC verification by uploading valid identity verification documents. This will earn you an initial risk-free bonus of 5 USDT credited to your account.
• Deposit Funds: To claim additional bonuses (such as 30 USDT and futures deposit bonuses up to 500 USDT), you need to make consecutive net deposits (three deposits of 200 USDT or more) and fulfill a minimum futures trading volume (10,000 USDT).

After completing those conditions, click the “Claim” button on the promotion page to receive your bonus. Ensure you use the correct referral code during registration and fulfill the deposit and trading volume conditions to unlock referral bonuses and commissions.