CoinW in Secret Terminal: Spot and Futures Trading

The CoinW exchange has been added to Secret Terminal. You can connect both a spot account and a futures account, so both markets of this exchange open in the same workspace where your other exchanges are already set up. For a trader, this is one more entry point to the market without changing the familiar interface. Below is what the connection gives you, what makes the exchange interesting, and how to get started.

What Connecting CoinW to Secret Terminal Gives You

The main change is simple. CoinW instruments can be opened in the terminal next to instruments from other exchanges. You connect your own CoinW account via an API key, choose the market, spot or perpetual futures, and work with the pair you need in a familiar environment.

A practical scenario looks like this. A trader follows one coin across several exchanges and compares where the flow of trades is more active. When an interesting moment appears specifically on CoinW, they select its instrument, and CoinW trading happens from the same window rather than from the exchange's tab in a browser.

What Makes the CoinW Exchange Interesting

CoinW has been operating since 2017 and develops two main trading areas, spot and futures. Of everything the exchange offers, three things matter for trading through the terminal.

Spot and perpetual futures. On spot you buy and sell the coin itself; on futures you open long or short positions on a contract without delivery of the asset. The same idea can be played out with a spot purchase or a derivatives position, depending on your horizon and acceptable risk. The direction of a trade guarantees nothing, and a loss is possible in both a long and a short.

Public maker/taker fees. The maker fee is charged on a limit order that was placed in the order book and waited to be filled; the taker fee is charged on an order that immediately took liquidity from the order book. The CoinW fees page listed the following rates as of the verification date: spot 0.1% maker and 0.1% taker, futures 0.02% maker and 0.06% taker. These are the exchange's published base rates, not special terms for Secret Terminal users, and the terms of a specific account may differ. The trading fee and the funding rate on futures (the periodic payment between holders of long and short positions) are different costs and need to be calculated separately.

An API for an external trading terminal. CoinW has officially documented Spot and Futures APIs with REST and WebSocket support. For the user, this means the terminal can receive market data and send orders to the exchange through the connected account. The documentation does not promise measured latency or execution without slippage, and neither will we.

How to Start Working with CoinW in the Terminal

The route is short.

• Update Secret Terminal to the current version from the official website.
• Create an API key in your CoinW account. By default, a new key is read-only, so separately enable trading permission for the market you need. Withdrawal permission is not needed for working in the terminal; do not enable it.
• For futures, keep in mind that the futures account on CoinW is activated separately under the exchange's rules, including when futures are enabled for an API key for the first time.
• Add the key in the terminal and check the connection: quotes for the selected CoinW instrument are updating and account data is visible.

For details on how to create a key and add it to the terminal, read the guide How to Connect an Exchange to Secret Terminal via API Keys. Availability of individual exchange features depends on your region and your account's verification level.

Update Secret Terminal, connect CoinW, and choose the market for your task, spot for working with the coin or futures for long and short positions.