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Former JP Morgan Wealth Manager. Trading crypto since 2014, tested 200+ brokers.
Last Updated: February 16, 2026
WEEX has been around since 2018 and operates out of Dubai, which already sets it apart from the crop of Cayman Islands exchanges. After spending several weeks testing the platform in early 2026, what struck me most was the derivatives focus - this is an exchange built for futures traders first, with 200x leverage and a 1,000 BTC protection fund backing user assets. The spot side lists 800+ tokens with flat 0.10%/0.10% fees, which is standard but not exciting. Where WEEX genuinely shines is its futures infrastructure, competitive futures fees, and the reassurance of that protection fund. The VARA application in the UAE adds a layer of regulatory credibility that many mid-tier exchanges lack.
WEEX
VerifiedOur Expert Verdict
WEEX is a solid derivatives-focused exchange that has been quietly building its reputation since 2018. The 1,000 BTC protection fund provides genuine peace of mind, the 200x futures leverage matches the highest in the industry, and the Dubai base with VARA application shows regulatory ambition. Spot trading is functional but unremarkable at 0.10%/0.10% - you'll find better rates elsewhere for pure spot trading. The platform handles over $500M in daily volume, proving real market demand.
Best For: Futures traders who want high leverage with fund protection, traders who value Dubai-based regulation, users seeking a derivatives-first platform with decent token variety.
Skip If: You mainly trade spot and want the lowest fees, you need US access, you prefer exchanges with longer track records in tier-1 jurisdictions, you want a demo account before committing.
WEEX Overview 2026: A Derivatives Powerhouse from Dubai
WEEX launched in 2018 and has built a solid base of over 6 million registered users from its Dubai headquarters. What separates WEEX from the pack of mid-tier exchanges is its clear derivatives focus. During my testing, the futures trading experience felt noticeably smoother than the spot side.
The platform lists 800+ cryptocurrencies with 600+ trading pairs. Daily volume sits between $500 million and $1 billion, putting WEEX comfortably in the top 25 globally. The headline number is 200x leverage on futures - matching the highest available anywhere. But what really caught my attention was the 1,000 BTC protection fund, which provides a safety net that most exchanges in this tier simply don't offer.
Key Facts About WEEX:
- Founded: 2018 in Dubai, UAE
- Registered Users: 6+ million globally
- Cryptocurrencies: 800+ listed tokens
- Trading Pairs: 600+ pairs
- Daily Volume: $500M-$1B
- Trading Fees: 0.10% maker / 0.10% taker (spot)
- Futures Fees: 0.02% maker / 0.05% taker
- Max Leverage: 200x on futures
- Protection Fund: 1,000 BTC
- Regulatory Status: VARA applicant (UAE) + Seychelles registered
- Mobile App: Available on iOS and Android (4.3/5 rating)
WEEX Fees: Flat Spot, Competitive Futures
WEEX keeps its spot fees simple: 0.10% for both maker and taker. Not the cheapest, but predictable. The real value shows up in futures trading:
| Exchange | Spot Maker | Spot Taker | Futures Maker | Futures Taker |
|---|---|---|---|---|
| WEEX | 0.10% | 0.10% | 0.02% | 0.05% |
| Binance | 0.10% | 0.10% | 0.02% | 0.05% |
| OKX | 0.08% | 0.10% | 0.02% | 0.05% |
| Bybit | 0.10% | 0.10% | 0.02% | 0.055% |
Volume-based discounts kick in at $100K monthly, dropping to 0.08%/0.09%, with the highest tier at $1M+ reaching 0.04%/0.05%. Futures fees match Binance exactly. Withdrawal fees are industry-standard: 0.0005 BTC, 1 USDT (TRC20), 5 USDT (ERC20). Credit card purchases carry a 3.5% surcharge.
How to Get Started on WEEX
Getting set up on WEEX took me about 10 minutes. Register with email or phone number, complete KYC verification (name, ID document, selfie - processed in 1-3 hours), then enable 2FA via Google Authenticator. For deposits, crypto transfers are free and the cheapest option is USDT via TRC20 (1 USDT fee). Credit card purchases work but carry the standard 3.5% surcharge. The interface defaults to a clean layout with TradingView charts. I'd recommend heading straight to the futures section after funding, since that's where WEEX really differentiates itself. The P2P marketplace is also available for fiat on-ramps in supported regions.
WEEX Security: Protection Fund Sets It Apart
WEEX's security setup is above average for its tier. The standout feature is the 1,000 BTC protection fund, which provides coverage against potential security incidents - something most mid-tier exchanges lack entirely. The platform stores 80% of user funds in cold storage, supports Google Authenticator 2FA, and has never suffered a hack since its 2018 launch.
On the regulatory side, WEEX is applying for a VARA license in the UAE and holds a Seychelles registration. The VARA application is meaningful because Dubai has become one of the more serious crypto regulatory environments. They also run a bug bounty program, inviting security researchers to find vulnerabilities. The combination of protection fund, clean security record, and regulatory effort puts WEEX ahead of most exchanges in the 20-30 ranking range.
WEEX Trading Features and Tools
WEEX's feature set clearly favors derivatives traders. The USDT-margined perpetual futures support up to 200x leverage - tied for the highest available alongside MEXC. During my testing, order execution on futures felt snappy, and the liquidation engine handled volatile sessions without the kind of cascading liquidations I've seen on smaller platforms.
Spot trading covers 600+ pairs with standard order types (limit, market, stop-limit). Copy trading lets you follow successful futures traders with adjustable risk parameters. The Earn section offers staking rewards on select tokens with APYs ranging from 4-15%. There's also a launchpad for new token listings and a P2P marketplace for fiat on-ramps. One notable gap: no demo account. If you want to practice before committing real funds, you'll need to look elsewhere.
Best WEEX Alternatives in 2026
Bybit - The most direct competitor for derivatives traders. Excellent futures platform, similar fee structure, but max leverage is 125x versus WEEX's 200x. Better established brand and deeper liquidity.
Binance - The market leader with unmatched liquidity. Same futures fees but 125x max leverage. Stronger regulation globally. The default choice if you want the biggest and most trusted platform.
MEXC - Zero maker fees on spot and 200x futures leverage match WEEX. More tokens (2,000+) but no protection fund. Better for spot traders.
OKX - Strong regulatory position, excellent DeFi wallet, and 125x leverage. Higher spot maker fee (0.08%) but better overall ecosystem.
Bitget - Copy trading specialist with competitive fees and growing derivatives volume. Good alternative if copy trading is your primary focus.
What Real Users Say About WEEX
WEEX has a moderate online presence with a Trustpilot score around 3.8/5 from several thousand reviews. Futures traders generally speak positively about execution speed and the 200x leverage options. The protection fund gets frequent mentions as a reassuring feature. Common complaints include occasional withdrawal processing delays, customer support response times averaging 4-8 hours for email tickets, and the spot trading interface being less polished than the futures side. Vietnamese and Turkish user communities are particularly active, reflecting WEEX's marketing focus in those regions.
WEEX vs Bybit, Binance and MEXC: Comparison
| Feature | WEEX | Bybit | Binance | MEXC |
|---|---|---|---|---|
| Spot Maker | 0.10% | 0.10% | 0.10% | 0% |
| Spot Taker | 0.10% | 0.10% | 0.10% | 0.05% |
| Futures Maker | 0.02% | 0.02% | 0.02% | 0% |
| Futures Taker | 0.05% | 0.055% | 0.05% | 0.03% |
| Cryptos | 800+ | 600+ | 400+ | 2,000+ |
| Max Leverage | 200x | 125x | 125x | 200x |
| Protection Fund | 1,000 BTC | Yes | SAFU | No |
| Founded | 2018 | 2018 | 2017 | 2018 |
WEEX's 200x leverage ties MEXC for the highest available. The 1,000 BTC protection fund is more transparent than most competitors' funds. Futures taker fees beat Bybit. Where WEEX loses ground is spot trading - MEXC's zero fees are hard to beat - and overall brand recognition. For pure futures trading with fund protection, WEEX makes a compelling case.
Complete Fee Breakdown
Complete Fee Breakdown
| Type | Fee |
|---|---|
| Maker Fee | 0.1% |
| Taker Fee | 0.1% |
| Currency | Network | Fee |
|---|---|---|
| BTC | Bitcoin | 0.0005 |
| ETH | Ethereum | 0.005 |
| USDT | TRC20 | 1 |
| USDT | ERC20 | 5 |
🧮Fee Calculator
* Fees shown are per trade on WEEX. Actual fees may vary based on volume discounts and VIP levels.
Security Features
Security Features
Pros & Cons
What We Like
- 1,000 BTC protection fund for user security
- 200x leverage on futures (industry highest)
- Dubai-based with VARA license application
- Bug bounty program active
- 800+ cryptocurrencies listed
- Competitive futures fees (0.02%/0.05%)
What Could Be Better
- Flat spot fees (0.10%) not the cheapest
- No demo trading account available
- Customer support response times can be slow
- Less known brand compared to top-10 exchanges
- VARA license still pending (not yet approved)
Overall Score
WEEX vs Exchanges
| Feature |  |  |  |  |
|---|---|---|---|---|
| Overall Rating | 7.4/10 | 9.4/10 | 8.8/10 | 8.8/10 |
| Trading Fees | 0.1% / 0.1% | 0.1% / 0.1% | 0.4% / 0.6% | 0.075% / 0.075% |
| Cryptocurrencies | 800+ | 490+ | 260+ | 350+ |
| Security | 7.2/10 | 9.2/10 | 9.8/10 | 9/10 |
| Best For | 1,000 BTC protection fund for user secur | Low fees at 0.1% maker/taker, 25% BNB di | Only major exchange that has NEVER been | Excellent Visa card program with up to 5 |
| Read Review → | Read Review → | Read Review → | Read Review → |
Frequently Asked Questions
WEEX is a legitimate exchange operating since 2018 from Dubai with 6+ million users. It has never been hacked, stores 80% of funds in cold storage, maintains a 1,000 BTC protection fund, and is applying for a VARA license in the UAE. It also runs a bug bounty program. Reasonably trustworthy for its tier.
WEEX charges a flat 0.10% maker and 0.10% taker on spot trading. Futures fees are 0.02% maker / 0.05% taker, matching Binance. Volume-based VIP tiers start at $100K with rates dropping to 0.04%/0.05% at the top. Withdrawals: 0.0005 BTC, 1 USDT (TRC20), 5 USDT (ERC20).
WEEX maintains a 1,000 BTC protection fund designed to cover user losses in case of security incidents or system failures. This is similar to Binance's SAFU fund but smaller in scale. The fund provides an additional layer of security beyond standard cold storage, giving users more confidence when holding funds on the platform.
No, WEEX does not serve US residents. Restricted regions include the US, mainland China, North Korea, Iran, Syria, and Cuba. US-based traders should consider regulated alternatives like Coinbase, Kraken, or Gemini for spot trading.
WEEX offers up to 200x leverage on USDT-margined perpetual futures, which ties with MEXC for the highest available. Major pairs like BTC and ETH support the full 200x, while smaller altcoins may have lower limits. Futures fees are 0.02% maker / 0.05% taker. Always use proper risk management with high leverage.
Most crypto withdrawals on WEEX process within 30 minutes to 1 hour under normal conditions. During high-traffic periods, processing can extend to 4-12 hours. Standard withdrawal fees: 0.0005 BTC, 1 USDT (TRC20), 5 USDT (ERC20). Large withdrawals may require additional manual review.
Bybit is the closest competitor for derivatives-focused trading with better brand recognition. MEXC matches the 200x leverage with zero spot maker fees. Binance offers the deepest liquidity and SAFU fund. Bitget excels in copy trading. For regulated alternatives, try Kraken or Bitstamp.
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