<ul data-eligibleForWebStory="true">Users have reported extortion tactics disguised as withdrawal fees or additional verification payments by CoinEx.CoinEx sets deliberate roadblocks to squeeze extra cash from traders who have no choice but to comply.Frequent blocking of withdrawals without explanation and frozen accounts are common practices on CoinEx.CoinEx lacks meaningful recourse for users facing issues with their funds.The platform seemingly traps users' funds and disregards pleas for help while providing vague excuses.CoinEx's business model appears focused on maximizing user frustration rather than facilitating trading.The exchange is described as a financial minefield rigged against its own users.CoinEx seems to prey on trust and convenience, making it a risky platform for investments.Avoid CoinEx despite its attractive ads and low fees to protect your investments.The platform is criticized for actively working against its users and being a potential scam.