Weex Review 2026 — Features, Fees, Pros, and Cons

With discussions indicating that 90% of crypto traders lose money, a user-friendly and reliable platform can be your best friend when navigating the murky waters of trading. Weex positions itself as such, with its easy-to-use trading dashboard, deep liquidity, and responsive customer support. We tested all these aspects during our Weex review, and had some interesting finds.

We understand the competition in this space, but Weex has some nifty features up its sleeves. It supports over 1,700 cryptocurrencies, and we won’t be surprised if you find your preferred token on the platform.

On the other hand, Weex supports futures, spot, and copy trading, which will be explored in this review.  You’ll also learn about the fees and how you can minimize your operational costs on the platform.

Table of Contents Table of Contents

1. Weex Review — Key Takeaways
2. An Overview of Weex and Its Background
3. Weex's Regulatory Compliance and Security
   1. Restricted Countries
   2. Security
4. Weex Review — Available Coins and Trading Pairs
5. Key Trading Features on Weex
   1. ✰ Quick Buy and P2P Trading
   2. ✰ Futures Trading
   3. ✰ Spot Trading
   4. ✰ Copy Trading
   5. ✰ WE-Launch
6. The VIP Program
   1. Level and Requirements
7. Payments, Withdrawals, and Fees
   1. Trading Fees
8. Top Tips to Minimize Cost When Trading on Weex
9. Our User Experience on the Weex Platform — Desktop and Mobile
10. Customer Support on Weex
11. Pros and Cons of Using Weex
12. How to Set Up Your Weex Account
    1. Step 1: Fill Out the Registration Form
    2. Step 2: Complete the KYC Verification
    3. Step 3: Deposit to Start Trading
13. Weex Review — Final Thoughts
14. FAQs

Show Full Guide

Table of Contents

1. Weex Review — Key Takeaways
2. An Overview of Weex and Its Background
3. Weex's Regulatory Compliance and Security
   1. Restricted Countries
   2. Security
Show Full Guide
4. Weex Review — Available Coins and Trading Pairs
5. Key Trading Features on Weex
   1. ✰ Quick Buy and P2P Trading
   2. ✰ Futures Trading
   3. ✰ Spot Trading
   4. ✰ Copy Trading
   5. ✰ WE-Launch
6. The VIP Program
   1. Level and Requirements
7. Payments, Withdrawals, and Fees
   1. Trading Fees
8. Top Tips to Minimize Cost When Trading on Weex
9. Our User Experience on the Weex Platform — Desktop and Mobile
10. Customer Support on Weex
11. Pros and Cons of Using Weex
12. How to Set Up Your Weex Account
    1. Step 1: Fill Out the Registration Form
    2. Step 2: Complete the KYC Verification
    3. Step 3: Deposit to Start Trading
13. Weex Review — Final Thoughts
14. FAQs

An Overview of Weex and Its Background

Weex is a fast-growing cryptocurrency exchange that debuted in 2018. Our most recent checks indicate the platform serves over 6.2 million users in over 130 countries.

The exchange established its headquarters in Dubai in 2025 to fast-track its international expansion. With that move, the company also cemented its commitment to the Middle East and North African region. It also has the famed footballer Michael Owen as its global brand ambassador.

Security and deep liquidity are the major highlights of the Weex exchange. As of this writing, the platform has achieved a daily trading volume of 8.71 billion (CMC). With regulatory licenses in several jurisdictions, the platform hopes to be among the leading crypto exchanges, hitting 10 billion in daily trading volumes.

Weex’s Regulatory Compliance and Security

If you are in the US, you’ll be glad to know that Weex operates in the country with regulatory compliant. The platform holds a Money Service Business (MSB) license in the US.

For Canada, Weex is equally licensed to operate as a money service business. The platform is open to UK users, but you should note that it is not licensed by the UK’s Financial Conduct Authority (FCA). If you need one that is licensed by the FCA, then you can check out our other recommended crypto trading platforms.

Other regions where Weex holds a license include the following:

• Dubai
• Saint Vincent and the Grenadines

Keep in mind that crypto regulations change from time to time, like what we have with the new Democrats’ proposed bill for DeFi protocols. These changes may affect licensing requirements and may force some exchanges out of the region temporarily. As such, we recommend you to keep an eye on recent regulations. Weex will also update its users on ongoing licensing commitments, as it has done so in the past, like when it applied for the Singaporean license.

Restricted Countries

• China
• North Korea
• Syria
• Somalia
• Venezuela
• Cuba
• Sudan
• Hong Kong
• Myanmar

Security

Weex has a 1,000 BTC protection fund, which is the highlight of its asset security measures. Other platforms have such funds, like Binance with its BAFU fund. Like others with such funds, Weex holds the 1,000 BTC in its reserves as emergency insurance for users when security breaches and other unforeseen causes lead to asset losses.

So far, Weex has not had any security breaches that have led to the loss of user assets. Nevertheless, we recommend you pay attention to the following security measures:

• There’s 2-factor authentication to verify your identity through a secondary device or app. With that, you can use Google Authenticator or other authenticator apps.
• The platform includes the withdrawal address whitelisting feature. This list contains all the addresses you trust to withdraw funds to. With that set, the platform will prevent withdrawals to any unauthorized address.
• You can monitor and manage active sessions on your account. The feature also allows you to log out any unauthorized or unrecognized devices.

This crypto exchange supports over 1,700 cryptocurrencies, with new ones listed regularly. These include major cryptocurrencies like Bitcoin and Ethereum and stablecoins like PYUSD, USDC, and FDUSD.

With these cryptocurrencies, Weex features over 650 futures pairs for trading. However, note that the futures pairs are predominantly in USDT.

Here are the notable features we found during our Weex review:

✰ Quick Buy and P2P Trading

The quick buy option is what you need if you are a beginner. That is because it allows crypto purchases with Mastercard, Visa, and other fiat payment options. Note that you’ll have to sign up with the platform to use this option.

If you don’t want that option, you can use the P2P trading dashboard to find even better deals. Weex supports dozens of payment options in the P2P section, much more than the quick buy approach. You can even make in-person cash transactions, provided the seller is willing to make the physical exchange.

If you are a trader, you can sell your tokens via the P2P section as well. Simply switch to the “Sell” tab to access that feature.

✰ Futures Trading

Weex offers USDT-M perpetual futures. In other words, these futures contracts are settled in USDT. One impressive thing is that you can trade across different markets without having to maintain margins for multiple positions. The platform also offers intelligent risk control and a dual-layer manual risk management approach that ensures precise TP/SL.

If you are into leverage in crypto trading, then you will find Weex satisfactory. The platform offers up to 400x when it comes to trading futures contracts.

On your futures trading dashboard, you can work with the original chart or switch to TradingView. We recommend the TradingView chart, as it is more refined for professional trading.

Note that demo trading is available for the USDT-M futures. You can run simulated trades on it if you are new to the space.

✰ Spot Trading

You’ll find dozens of spot trading pairs on the platform. Even better, the platform regularly adds new pairs. During our Weex review, the platform added the WXT/USDT trading pair to our dashboard, which is handy if you want to deal with the native token, WXT.

If you are going with limit orders, then the platform offers the following:

✰ Copy Trading

The copy trading feature is notable if you want to copy the trading strategies of elite traders. You can also become an elite trader yourself to earn from the commission and fees.

Weex not only provides the copy trading feature but also provides flexibility when you copy a trader. You can set your own trading pairs and pick your preferred leverage mode and amount. The risk control parameters are also available to be set according to your preferences. When done, the system will copy the elite trader’s strategy in real time but adapt it to your set parameters.

Note that if the elite trader has already started trading before you copy the trade, the system will apply the strategy to the trader’s next position. Also, watch out for the number of copiers. Once exceeded, the system will not copy the elite trader’s strategies.

✰ WE-Launch

This feature stands out from the rest because it is not based on trading. Instead, it’s the feature you will consider if you want free airdrops weekly.

The WE-Launch feature rewards free airdrops to WXT holders. It does that when there’s a new project or upcoming ICO on the platform. All you have to do when that happens is to buy at least 1,000 WXT and join using the “Quick Commit” button.

During our Weex review, the ongoing project was the VMS CLASSIC (VMC). It had 10,000 USDT in the prize pool.

Note that you don’t have to wait until a project debuts before you buy WXT tokens. You can buy WXT at any time and keep them till a new project pops up.

The VIP Program

Weex features a tiered VIP program, which is as expected. The program features 8 levels, with each level bringing better benefits than the one below it. These benefits range from unverified 24-hour withdrawal limits to lower maker and taker fees for futures and spot trading.

There is a VIP protection period that comes in when you reach VIP 1. With that, Weex offers you 14 days of protection. If you miss the target for your futures trading volume, WXT holdings, and the average asset balance within this period, Weex will not downgrade you to the lower level.

The 14-day protection period will also apply if you upgrade your VIP status through futures or spot trading. With this, you can get protection up to the 8th VIP level.

Level and Requirements

When it comes to deposits, Weex charges zero fees for the transactions. You’ll still have to look out for the charges on each payment option.

Speaking of payment options, Weex supports on-chain deposits and fiat purchases. With on-chain deposits, you can send cryptocurrency directly to your Weex account. Note that Weex will generate a unique address when transferring the tokens.

If you want to buy with fiat, then you can use bank transfers, credit and debit cards, PayPal, and other local options that may be supported in your region. These deposits typically take place within a day. During our Weex review, the platform processed payments within 5 minutes when we used the credit card option.

Crypto deposits are equally fast, and we got an average processing time of 1 minute during our tests. However, this processing time might take longer because of network congestion.

When it comes to withdrawals, Weex has rates for them. A few notable ones are as follows:

Trading Fees

Unlike other exchanges with fixed maker and taker fees, Weex has different rates for its VIP levels. The higher you are on the VIP program, the lower the fees you’ll pay. And if you get to level 8, then you’ll pay 0% taker and maker fees for spot trading.

The table below shows the fees for spot and futures trading options:

Our User Experience on the Weex Platform — Desktop and Mobile

The Weex desktop platform is user-friendly, and so is the mobile version. With the mobile version, you have the option of trading via the website or the mobile app. We tested both and found them easy to use and responsive.

One thing we appreciated during our Weex review is that the platform is not as overwhelming as others. But that means you will miss out on a few notable features like options trading and the earn feature, which allows users to earn interest on stablecoins.

In day-to-day operations, Weex holds up well. While you may notice occasional sluggishness when switching pages, the trades execute speedily.

The mobile app does everything you’ll need and is a robust companion when trading on the go. However, it is worth noting that some users have reported issues with the verification process on their mobile app. We did not encounter that during our Weex review, but if you do, we recommend you switch to the mobile website to complete the process.

Customer Support on Weex

Weex offers 24/7 live chat support. We were impressed with this option during our Weex review, primarily because we had the option of using the chatbot or speaking with a support staff member. Both are capable of dealing with diverse complaints, but the bot, like many others, has its limitations.

Another impressive part about the live chat is that you can attach files to the chat. That has been a limitation on many other platforms, and we are glad to see Weex addressing it. With that feature, you won’t have to use the email option every time you want to send a file.

Speaking of the email ([email protected]), the channel remains open 24/7. We sent a complaint during our tests and got a reply within 30 minutes. 

There’s an FAQ section in the help center. We must say that Weex did a satisfactory job putting together the answers. You’ll find frequently asked questions on deposits, withdrawals, registration, trading, and even compensation.

Pros and Cons of Using Weex

Weex Review — Final Thoughts

From our Weex review, we found the platform to be adequately equipped for those who want spot and futures trading. You’ll miss out on coin-margined perpetual futures, but the USDT-M perpetual futures support is robust. Copy trading is also available if you want to pick up trading strategies or invite others to use yours as well.

Staking and other interest-generating features are missing on the platform. Nevertheless, you can get free airdrops when new tokens debut on the platform.

Overall, we will give Weex the pass mark, as it is capable of handling the everyday needs of average traders. You can trade via the desktop or the mobile app.

FAQs