Quick overview
Coinext is a Brazilian exchange focused on BRL pairs, easy onboarding, Smart Wallet tools and local support - but limited asset variety, higher fees and occasional tech issues may limit appeal.
What it offered
Coinext launched in April 2018 in Brazil, built on AlphaPoint tech. It’s tailored for local users with BRL deposits (PIX, TED, DOC), Portuguese support and automated trading features - aiming squarely at casual and intermediate traders in Brazil.
Volume and activity now
As of early 2025, Coinext has over 90k users and around 190k monthly site visits. It facilitated over R$3.3 billion in volume, roughly 10% of Brazil’s crypto market. Spot depth is modest - sufficient for retail needs, weak for institutional scale.
Execution and costs
Maker fees are around 0.25%, taker fees around 0.50% - higher than global leaders. There’s no deposit fee for BRL. Withdrawals follow standard network costs. Smart Wallet UX is friendly, but users report occasional slow or inconsistent data feeds.
Security and structure
Coinext is regulated in Brazil with CPF-based registration. Custody is handled via BitGo with 2FA enforced. No hacks have been reported, and the platform maintains a compliant posture with local oversight.
Interface and access
The platform offers Smart Wallet tools for strategy automation and a fully localized Portuguese interface. Customer support is available via live chat and help center. Crypto options remain limited to six BRL pairs including BTC, ETH, USDT.
Pros and cons
- Native BRL support and onboarding via PIX, TED, DOC
- Smart Wallet tools for automation
- Local language support and customer service
- Regulated custody and KYC measures
- Limited crypto offerings - only six fiat pairs
- Fees are higher than global exchanges
- Not tracked by major market data sites
- Occasional tech issues reported by users
Final thoughts
Coinext delivers on its core promise - a local, BRL-focused crypto gateway with easy access and smart tools. Its simplicity and regulatory compliance make it a solid option for Brazilian retail users. However, limited assets, global invisibility and higher fees mean it isn’t built for scale or sophistication.