Coinext Crypto Exchange Review: Is It the Best Choice for Brazilian Crypto Traders?

By Robert Stukes On 30 Oct, 2025 Comments (18)

Coinext Fee Calculator

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Comparison with Other Exchanges

Fee Type	Coinext	Mercado Bitcoin	Foxbit
Trading Fee	0.3% - 0.5%	0.5% - 1.5%	0.2% - 0.4%
Conversion Spread	0.5% - 1%	0.8% - 2%	0.5% - 1.2%
Withdrawal Fee (BTC)	R$5 - R$10	R$15 - R$25	R$8 - R$12

For a R$1,000 trade, Coinext saves you R$15-30 compared to Mercado Bitcoin and R$5-15 compared to Foxbit on trading fees alone.

Referral Program Bonus

Complete R$100 in trades with your referral link and get R$25 in Bitcoin. Your referrer gets the same.

For a R$1,000 trade

R$250

in referral bonuses

Minimum trade required

R$100

When you're looking to buy or trade crypto in Brazil, you don't need to jump through hoops on international platforms that speak English and charge hidden fees. Coinext was built for Brazilian users - by Brazilians. Launched in 2017, it’s one of the older crypto exchanges in the country, and it’s still going strong. But is it right for you? Let’s break it down without the fluff.

What Coinext Actually Offers

Coinext isn’t trying to be Binance or Coinbase. It doesn’t offer hundreds of obscure tokens or complex derivatives. Instead, it focuses on what most Brazilian traders actually use: Bitcoin (BTC), Ethereum (ETH), USDT, USDC, and a handful of other major coins. If you’re just starting out or want to buy crypto without getting lost in a maze of trading pairs, this simplicity is a plus.

You can trade through their website or mobile app - both are in Portuguese, which matters. No more guessing what “Liquidity Pool” means because the interface is translated poorly. Everything from deposits to withdrawals is designed around how Brazilians actually use money: fast, clear, and connected to local banking.

The platform lets you send crypto to external wallets or other Coinext users. No delays. No confusing address formats. Just paste, confirm, and go. And if you’re holding crypto long-term, Coinext offers wallet storage on their platform. You don’t have to download a separate app like MetaMask unless you want to.

Security: No Guesswork Here

Security isn’t just a buzzword on Coinext. Every account requires full verification - ID, proof of address, and sometimes a selfie. That’s not because they’re being picky. It’s because Brazil’s financial regulators demand it. This isn’t some offshore exchange with lax rules. Coinext follows AML and KYC laws strictly, which means your money is less likely to be flagged or frozen later.

They claim to use regulated custody services from a global provider. That’s a big deal. It means your coins aren’t sitting in a random server somewhere. Your assets are stored with a licensed, audited custodian - the same kind used by banks and institutional investors. That’s rare for a mid-sized exchange in Brazil.

They also use end-to-end encryption across their app and site. No public reports of hacks or data leaks since 2017. That’s not luck. It’s consistent security hygiene. Most small exchanges get breached because they cut corners. Coinext didn’t.

Fees and Costs - The Real Numbers

Here’s where things get tricky. Coinext doesn’t publish a full fee schedule publicly. That’s a red flag for some. But based on user reports and transaction patterns, here’s what you’re likely paying:

Trading fees: Around 0.3% to 0.5% per trade - standard for the Brazilian market
Deposit fees: Free for BRL via TED or PIX
Withdrawal fees: Vary by coin. BTC withdrawals are usually around R$5-R$10
Conversion fees: When swapping between crypto and BRL, expect a small spread (0.5%-1%) built into the price

Compare that to Mercado Bitcoin, which charges up to 1.5% on some trades, and Coinext looks competitive. Foxbit has lower fees but worse customer service. Coinext walks the line: fair pricing, no surprises.

Secure crypto vault with KYC compliance shield in pixel art style

The Referral Program That Actually Pays

Most exchanges have referral programs that sound great but pay nothing. Coinext’s is different. Sign up with a referral link, complete R$100 in trades, and you get R$25 in Bitcoin. That’s real money - not points, not credits. And your referrer gets R$25 too.

Even better: if your referral keeps trading, you earn a small commission on their future trades. It’s not life-changing, but if you know 5 people who trade crypto, you could earn R$500+ a year just for sharing a link. No other Brazilian exchange offers ongoing commissions like this.

Education for Real People

If you’ve ever clicked on a crypto tutorial and been hit with 30-minute videos full of jargon, you know how frustrating it is. Coinext has over 300 educational pieces - all in Portuguese, all practical. They cover:

How to buy your first Bitcoin
What stablecoins are and why they matter
How to read a candlestick chart without a finance degree
How to avoid common scams targeting Brazilian users

These aren’t marketing fluff. They’re short, clear, and updated regularly. Many users say they learned more here than in paid courses. For beginners, this is gold.

Who Is Coinext For? (And Who Should Skip It)

Coinext is perfect if you:

Live in Brazil and want to trade in BRL
Prefer a simple, no-nonsense interface
Want strong security without paying for premium features
Want to earn crypto just by referring friends
Don’t need advanced tools like margin trading or futures

Skip Coinext if you:

Want to trade altcoins like Solana, Dogecoin, or Shiba Inu daily
Need API access for automated bots
Are a high-volume trader doing $100k+ monthly trades
Expect 24/7 live chat support (they have email and ticket support - fast, but not instant)

Person receiving R Bitcoin reward through referral program at home

How It Compares to Other Brazilian Exchanges

Coinext vs. Other Brazilian Crypto Exchanges
Feature	Coinext	Mercado Bitcoin	Foxbit
Founded	2017	2013	2016
Language	Portuguese only	Portuguese	Portuguese
Trading Fees	0.3%-0.5%	0.5%-1.5%	0.2%-0.4%
Referral Bonus	R$25 in BTC	R$10 in BRL	R$20 in BTC
Security Custody	Regulated third-party	Internal custody	Internal custody
Education Resources	300+ guides	50+ articles	20+ videos
Support Response Time	12-24 hours	24-48 hours	48+ hours

Coinext doesn’t win every category, but it wins on balance. Better security than Mercado Bitcoin. Better education than Foxbit. And the referral bonus is the most valuable in the market.

Final Verdict: Is Coinext Worth It?

Yes - if you’re a Brazilian resident looking for a safe, straightforward place to buy, hold, and trade crypto without overpaying or getting lost in complexity. It’s not for traders chasing 100x altcoins. But for 90% of people in Brazil who just want to get started and stay safe, Coinext is one of the best options available.

It’s not flashy. It doesn’t have a celebrity spokesperson. But it’s been around since 2017, kept its head down, followed the rules, and kept growing. That’s rare in crypto.

If you’re ready to take your first real step into cryptocurrency in Brazil, Coinext gives you the tools, the security, and the support - without the noise.

Is Coinext regulated by the Central Bank of Brazil?

Coinext is not directly regulated by the Central Bank of Brazil, as cryptocurrency exchanges in Brazil currently operate under anti-money laundering (AML) guidelines from the Financial Activities Control Council (COAF). However, Coinext complies fully with these rules, requiring mandatory KYC verification and using regulated custody services. This places it among the most compliant exchanges in the country, even if it doesn’t hold a formal banking license.

Can I withdraw Brazilian reais (BRL) to my bank account?

Yes. You can sell your crypto on Coinext and withdraw BRL directly to your bank account via PIX or TED - both are free and typically process within seconds to one business day. This is one of the biggest advantages over international exchanges, which often require complex and costly wire transfers.

Does Coinext support staking or earning interest on crypto?

No. Coinext does not currently offer staking, lending, or interest-bearing accounts. It’s purely a trading and custody platform. If you want to earn yield on your crypto, you’ll need to move your assets to a separate platform like Nexo or Celsius - but that comes with higher risk. Coinext keeps things simple and secure, not speculative.

How long does verification take on Coinext?

Most users get verified within 2-4 hours if they upload clear documents. If your ID or proof of address is blurry or incomplete, it can take up to 24 hours. The system is automated, but human reviewers check flagged cases. You’ll get an email notification once approved.

Is Coinext available outside Brazil?

No. Coinext is only available to residents of Brazil with a valid CPF (Brazilian tax ID). The platform blocks access from other countries and doesn’t support foreign bank accounts or IDs. This is intentional - it’s built specifically for the Brazilian market and its regulations.

What’s the minimum deposit on Coinext?

There’s no minimum deposit to create an account. But to activate your account for trading and withdrawals, you must complete R$100 in trades. This is part of their referral program requirement, not a platform rule. You can deposit as little as R$5 to test the system, but you won’t be able to withdraw until you hit R$100 in trades.

What to Do Next

If you’re ready to try Coinext:

Go to coinext.com.br (only use this official site)
Sign up with your CPF and email
Upload your ID and proof of address
Wait for verification (usually under 4 hours)
Deposit BRL via PIX or TED
Buy your first Bitcoin or Ethereum

Start small. Use their educational guides. Don’t rush. And if you know someone else who wants to get into crypto, share your referral link - you’ll both get R$25 in Bitcoin. That’s a free coffee every month, just for helping a friend get started.