Entering referral code gfek when signing up for WEEX gives you a 20% discount on trading fees plus access to a welcome bonus of up to 30,000 USDT through WEEX's new user rewards program.

Both benefits activate at registration — the fee discount applies permanently from your first trade, and the bonus is unlocked by completing qualifying deposit and trading tasks after sign-up.

No KYC is required to begin trading. WEEX allows users to deposit, trade, and withdraw up to $500,000 per day without identity verification. Full KYC raises the daily withdrawal limit to $2,000,000 and unlocks the full bonus program.

WEEX's futures maker fee of 0.02% is competitive with Binance Futures and Bybit at the standard tier. The taker fee of 0.08% is higher than some rivals — the 20% referral discount brings it meaningfully closer to industry mid-range. Crypto deposits are free. Withdrawals incur network fees only (charged by the blockchain, not WEEX).

WEEX is a centralized cryptocurrency exchange founded in 2018, focused primarily on derivatives trading. It was built with a $100 million investment from a major blockchain firm and has since grown to serve over 10 million users across more than 130 countries.

While WEEX supports spot markets, its identity is built around perpetual futures. The platform competes directly with Bybit and Bitget in the derivatives space, offering deep liquidity, competitive futures fees, and some of the highest leverage available on a centralized exchange — up to 400x on select pairs.

WEEX is registered as a Money Services Business (MSB) with FinCEN in the United States and FINTRAC in Canada. This covers anti-money laundering obligations but is not a full exchange license from the FCA, SEC, or equivalent top-tier regulators. The exchange publishes Proof of Reserves and maintains a 1,000 BTC user protection fund.

Spot Trading — buy and sell over 1,700 cryptocurrencies across USDT and USDC pairs. Fees start at 0.10% per side and can be reduced by holding WXT tokens or reaching higher volume tiers.

USDT Perpetual Futures — the flagship product. Trade perpetual contracts on major and emerging cryptocurrencies with leverage up to 400x, settled in USDT. Funding rates apply every 8 hours (BTC/USDT averages 0.005%).

Inverse (Coin-M) Contracts — futures priced in USD but settled in the underlying cryptocurrency. Useful for traders who want to hold crypto as their margin base.

Simulated / Demo Trading — trade with virtual funds to practice strategies without capital risk. Available to all users without any account requirements.

Copy Trading — follow and automatically mirror trades placed by selected experienced traders. Mobile trades earn tracking credit. Performance depends entirely on the trader being followed — market conditions can change rapidly.

OTC Trading — over-the-counter desk for large orders with minimal slippage. Primarily serves institutional and high-volume users.

WXT is WEEX's native utility token with a total supply of 10 billion. Holding WXT provides:

WXT holders at the top VIP tier pay as low as 0.01% maker and 0.04% taker on futures — among the most competitive rates available on any centralized exchange.

Up to 400x leverage — significantly higher than the 100x–125x maximum on most major regulated exchanges. WEEX is one of a small number of platforms offering this level, targeting professional and high-frequency derivatives traders.

Deep liquidity — WEEX reports order book depth exceeding Bitget and MEXC on major pairs, with minimal slippage on large BTC/USDT and ETH/USDT orders.

No-KYC trading — deposit, trade, and withdraw up to $500,000 per day without identity verification. This is a meaningful distinction from exchanges that gate all activity behind mandatory KYC.

1,000 BTC protection fund — a reserve maintained to compensate users in the event of unexpected platform errors. In March 2025, WEEX compensated users approximately $6 million following an order-matching delay on the ETH/USDT pair — resolved within 30 minutes.

Internal transfers at zero fee — send crypto to another WEEX user with no network fees via the platform's internal transfer system.

No fiat withdrawals — WEEX does not support direct fiat cash-out. To convert profits to USD, EUR, or other currencies, you need to withdraw crypto to a separate exchange that supports fiat off-ramps.

Fiat deposits are limited — direct fiat deposits via bank transfer are available in some regions but not universal. Most users fund accounts by depositing crypto. OTC purchases incur a 1% fixed fee. Third-party fiat-to-crypto services are also supported.

Taker fee is higher than rivals — the standard 0.08% futures taker fee is above the 0.05% offered by some competing platforms. The referral discount and WXT holdings partially offset this. Active traders should model their expected fee costs before choosing WEEX as a primary venue.

MSB registration is not a full license — FinCEN and FINTRAC registration covers AML compliance but does not provide the same investor protections as FCA (UK), MAS (Singapore), or ASIC (Australia) licensing. Traders operating in jurisdictions with strict exchange licensing requirements should verify their local regulatory position.

400x leverage risk — at 400x, a 0.25% adverse price movement can liquidate a position entirely. This level of leverage is not appropriate for most retail traders. WEEX's demo mode is strongly recommended before deploying real capital in high-leverage strategies.

Is WEEX available in the US? Yes — WEEX allows US users to sign up and trade. However, it is not licensed as a US exchange and some features may be restricted depending on your state. Evaluate applicable federal and state rules before depositing.

Do I need to verify my identity? No. WEEX allows trading without KYC up to $500,000 per day in withdrawals. Full identity verification raises limits to $2,000,000 per day and may unlock additional bonus eligibility.

How is the 30,000 USDT bonus paid out? The welcome bonus is distributed in stages by completing tasks — typically a combination of first deposit milestones and trading volume targets. Bonus funds are usually credited as trading vouchers or futures bonuses rather than withdrawable cash. Check the current terms in the WEEX app after registration.

What is the 1,000 BTC protection fund? A reserve fund maintained by WEEX to cover user losses in the event of platform-level errors, not individual trading losses. It does not function as insurance against market moves or liquidations.

Can I reduce fees further beyond the referral discount? Yes. Holding WXT tokens provides up to 30% additional fee reduction. Combined with VIP volume tiers, top-tier users can reach 0.01% maker fees on futures — some of the lowest available on any centralized exchange.

Has WEEX been hacked? No major security breach has been publicly reported since WEEX launched in 2018. The March 2025 order-matching incident resulted in compensation to affected users and did not involve theft of funds.

Cryptocurrency and derivatives trading involve significant risk of loss. High-leverage futures can result in full liquidation of margin. WEEX is not licensed by top-tier financial regulators including the FCA, SEC, or MAS. Welcome bonuses are subject to terms and conditions. This article is for informational purposes only and is not financial advice.