WEEX Review 2025

Our Verdict

🌏 Founded in 2018, WEEX is a non-KYC exchange based in Dubai, UAE.

🪙 Offers 890+ cryptocurrencies and around 740 USDT-M Futures pairs, with leverage up to 400x (among the highest in the industry).

🤝 Includes Copy Trading, a demo account, and TradingView integration, but lacks P2P, staking, and advanced order types like Stop-Loss and Trailing Stop.

🔐 Features a 1,000 BTC self-hosted protection fund, basic Proof of Reserves, and standard account security (2FA + Funding Password). No biometric login or third-party insurance.

📉 Holds MSB licenses in the U.S. and Canada.

In my opinion, WEEX is best suited for experienced traders focused on high-leverage derivatives and copy trading, though its limited fiat access and missing passive income tools may turn away casual users.

WEEX Pros and Cons

Is WEEX Right for You?

Not all traders have the same needs. Some want simple mobile access, while others prioritize leverage, social trading, or advanced tools. To cover every profile, we’ve identified seven main trader types and assessed how well each exchange serves them. Our method is clear and practical: we rank platforms as a perfect match, good choice, or not recommended based on how well they meet each group’s needs.

Based on our testing, WEEX is not suitable for DCA or Auto Trading, as it lacks these features, but it may be a good fit for other trader profiles. Here’s our verdict:

Supported Countries and Regions

WEEX is a non-KYC exchange, so users from most countries can trade without verification. However, the platform still does not serve users on the FATF blacklist or under sanctions.

WEEX also claims to operate in the U.S., Canada, and Australia, holding Money Services Business (MSB) licenses in the U.S. and Canada.

WEEX Bonuses and Special Offers

WEEX offers multiple onboarding and trading rewards for new users. Bonuses include:

• Rewards for binding your account with an email and phone number
• Deposit-based bonuses
• Daily trading tasks within Futures accounts
• Campaign-specific airdrops and trading competitions
• USDT and WXT token incentives for daily activity

WEEX Background

Establishment: WEEX was founded in 2018 in Singapore and has an office in Dubai, the UAE.

Leadership: Stephen Chen is the exchange’s co-founder and CMO. He operates from Taiwan and has a degree from Feng Chia University. The official website also mentions Peter, who has a CryptoPunk avatar, as the company’s CEO. No additional public details or verified surname are provided.

Security & Transparency

Verified Trusted Scores

When evaluating the reliability of cryptocurrency exchanges, we focus specifically on rankings provided by trusted security platforms such as Cer.Live and Certik. These independent evaluators analyze key factors, such as trading volume, security protocols, and user activity, to provide a comprehensive rating.

WEEX ranks above average because of its active bug bounty program and a clean security incident record. However, the ratings are not perfect, as the platform lacks a Proof of Reserves audit and has lenient KYC policies.

Cyber Security Measures

Both desktop and mobile versions can be secured with Google 2FA and a Funding Password for withdrawals and deposits. However, the mobile app does not support biometric authentication.

General Reliability

WEEX runs a bug bounty program on the security platform HackenProof. Based on the criticality of the identified vulnerabilities, rewards vary from $50 to $10,000, aligning with industry standards.

Regulation & Licensing

WEEX claims to operate under MBS licenses in the U.S. and Canada via FINCEN and FINTRAC. However, it is not licensed by other major regulators like the FCA (UK), ASIC (Australia), or EU VASP registry.

Corporate Communication Structure and Transparency

WEEX lacks transparency when it comes to leadership. The official website does not mention the CEO or executive team. The only public reference is a Help Center article naming Stephen Chen as the Co-Founder and CMO.

On the upside, WEEX maintains an active presence on Twitter (X) and Telegram, where it shares updates and engages with users.

Know Your Customer (KYC)

WEEX does not require KYC for most tools, allowing withdrawals up to 500,000 USDT daily. Verification, requiring basic info (country, name, ID) and an ID selfie, increases this limit. My verification was quick, boosting my withdrawal limits.

Is WEEX Safe to Trade With?

Our research shows that WEEX hasn’t suffered any known breaches and takes a transparent approach to reserves and fund security. However, the lack of external audits, biometric login, and third-party insurance may concern some users.

It is best suited to users who prefer storing funds in self-custodial wallets and trading with caution.

Trading Experience

Trading Test

For our trading test, we thoroughly evaluated the WEEX platform. Our process included signing up, completing the KYC (Know Your Customer) verification, logging in, depositing funds, and making withdrawals. We also tested the trading functionalities by exploring different trading pairs and conversions, and assessed the associated fees for transfers and withdrawals. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. Here’s our detailed analysis:

Step 1: Setting Up and Funding Your Account

Creating an account was fast and easy. I registered via email and received my confirmation link immediately. KYC was optional, but submitting ID and a selfie unlocked higher withdrawal limits within minutes.

Step 2: Trading

WEEX separates Spot and Futures accounts. My USDT deposit landed in the Spot wallet instantly, allowing me to buy LTC at market price. The order executed immediately and showed in the “Order Details” tab.

Next, I sold LTC via a Limit order. The platform charged a 0.1% taker fee and 0% for the maker, just as listed on the fee page.

Then, I tested Futures trading by opening a 2x short on LTC. The position was liquidated when the price dropped the next day. The fee was 0.08%, matching WEEX’s stated Futures taker fee.

Step 3: Withdrawal and Review

I withdrew USDT via the TRON network. The fee was 1.5 USDT (higher than the 1 USDT fee on platforms like Phemex and KuCoin), but the transfer was fast, reaching my wallet in under 5 minutes.

WEEX Desktop Version

The web platform uses a standard layout that will feel familiar to most traders. It features TradingView charts, copy trading, and Futures tools. Navigation is intuitive, and orders can be placed in three steps: select order type, set price and amount, and confirm.

• Built-in TradingView charts help with real-time analysis using over 40 technical indicators.
• Trade navigation is simple: choose the order type, set the amount and price, and confirm via a pop-up window.

• Wallet protection: The system notifies users if a withdrawal address is invalid, but doesn’t highlight errors directly in the field.
• Withdrawals are initiated via the “Deposit” button, available on nearly every page. The process is clear and requires wallet details, network selection, amount, and confirmation via 2FA and Funding Password. Fees are displayed transparently.

• Order types are limited to Market and Limit, with GTC enabled by default.
• Order Book shows 10 bids and asks per side, but doesn’t support scrolling for deeper data.
• Demo Trading is available in Futures mode with 50,000 USDT in virtual funds (BTC and ETH only).

Futures Trading

WEEX supports USDT-Margined Futures across 740+ trading pairs, with leverage up to 400x – one of the highest on the market. While this exceeds what platforms like BitDelta and Phemex offer in terms of leverage, the number of pairs is in line with industry standards. Leverage settings must be adjusted manually for each pair, which can slow things down for active traders managing multiple positions.

Copy Trading

WEEX’s Copy Trading feature lets users mirror the strategies of top-performing traders. The platform ranks its “Top Elite Traders” by metrics like copy trading PnL, total PnL, and win rate over the past three weeks.
Users can customize key parameters such as:

• Copy trade amount (10-10,000 USDT)
• Margin mode (cross or isolated)
• Stop-loss / take-profit ratio
• Max exposure and slippage tolerance

This level of control makes WEEX a strong option for beginners looking to follow experienced traders while managing their own risk.

My Key Takeaways After Testing WEEX

WEEX suits expert traders with low fees, advanced tools like futures and a detailed API. While it has a user-friendly interface and standard layout, beginners may find it complicated due to no fiat payment options and limited support.

WEEX Mobile Overview

The WEEX app is available for Android and iOS. It mirrors the desktop version in both tools and design, offering a consistent and fast mobile experience.

Key Features of the WEEX Mobile App

• Same order types as desktop: Market and Limit only
• Futures trading with up to 400x leverage
• Copy Trading tools with trader ranking and customizable risk settings
• No biometric login, 2FA, or Funding Password are available, but no Face ID or fingerprint support
• Portfolio view and a smooth search tool for coins
• Watchlist: Easily favorite and track tokens

My Key Takeaways After Testing WEEX

WEEX offers a solid trading experience for active traders, especially those interested in Futures and Copy Trading. Its low fees, clean UI, and demo account are strong advantages.

However, the lack of advanced order types, fiat on-ramps, and automation tools may be a dealbreaker for some users.

New traders may also find the absence of P2P and passive income options limiting.

Fees

Spot Maker/Taker Fees

In our review of spot fees, we examine spot fees across three distinct tiers, focusing on fees for different trading volumes. We emphasize the essentials and potential savings through native tokens and discount schemes. Our unique methodology offers a clear view of fee structures and how they benefit traders at all levels.

The first tier typically represents casual traders, as they usually don’t trade more than $10,000 per month, while the higher tiers often relate to more advanced traders. Using this method, we categorize users by their trading style and the amount they spend on WEEX.

Additionally, we compare these fees with industry standards to provide a thorough perspective on WEEX’s affordability.

WEEX charges flat Spot fees for all users, regardless of trading volume. There’s no tiered fee model. Compared to the industry average, WEEX fees are highly competitive.

Futures Trading Fees

Like Spot trading, WEEX applies a flat fee model for Futures trades. The only discounts come from holding WXT.

Deposit & Fiat Fees

No fiat deposits or withdrawals are supported. Traders must use stablecoins (e.g., USDT) or withdraw to another exchange to access fiat.

Crypto Withdrawal Fees

Are WEEX Fees Competitive?

Yes. WEEX charges flat, transparent fees that are lower than the industry average, especially for Futures trading. While there’s no volume-based discount model, active users can cut costs by holding WXT.

The only downside is the lack of fiat options and slightly higher-than-average withdrawal fees on some networks.

*Fees may vary, and it’s advisable to check WEEX’s official website for the latest information.

Available Cryptocurrencies

Crypto Available on WEEX

WEEX supports a large and diverse crypto lineup that competes with top-tier platforms like Binance and KuCoin. It caters to regular traders and niche audiences by offering popular tokens, meme coins, AI assets, and metaverse projects. The platform offers a traditional Watchlist feature and highlights on Trending Futures, Gainers, and Listings. There is also a launchpad that enables holders of its native token to earn free airdrops.

However, it lacks fiat markets and alternative stablecoins, making it less convenient to fix profits.

Deposits & Withdrawals

WEEX Daily Withdrawal Limits

Always check WEEX’s official site for up-to-date withdrawal rules, as limits may change depending on the asset and verification status.

Customer Service

WEEX Live Chat Test

To evaluate the quality of customer support, we used a hands-on trading test. We reached out to support with typical user questions and looked at how fast they responded, how helpful the answers were, and whether we could talk to a real person instead of a bot.

During my test, I tried to connect with WEEX’s live chat. The chatbot first estimated a 6-7 minute wait to reach an agent. A few minutes later, it changed to 15-20 minutes, but I never got through. The conversation stayed stuck with the bot, with no follow-up or escalation.

WEEX Email Support Test

I also submitted a request via the support form on the website. A week later, I still hadn’t received any reply. This was disappointing, especially when compared to platforms like BitMart and Bitunix, which typically respond within a few hours.

FAQ