DEX-Trade Review: Safe Cryptocurrency Exchange With Favorable Fees

One of the difficult things for traders is choosing a reputable broker. In today’s article, we will introduce the DEX-Trade cryptocurrency exchange, one of the reputed and safe exchanges with preferential fees. In this DEX-Trade Review, let’s find out through the article below.

About Dex-Trade

DEX-Trade Review: Safe Cryptocurrency Exchange With Favorable Fees

A centralized cryptocurrency exchange called Dex-Trade was established in 2017 and is licensed in Belize. This is a contemporary setting for commission-free trading that is safe and comfortable – both novice traders and seasoned investors like using Dex-Trade. You can trade orders of any size effectively because of the order book’s high liquidity and minimal spreads.

People created a cryptocurrency trading platform called Dex-Trade for people. It offers unequaled liquidity, cheap costs, and a reliable means to buy, sell, and exchange cryptocurrencies.

With a Dex-Trade review demo trading account, you can sign up for free crypto and play games to earn even more crypto. On top of that, the exchange gives you access to over 330 of the most popular cryptocurrencies on the market, with a 24-hour trading volume of $147 million. Dex-Trade has accumulated more than 300 thousand users and a community of more than 221 thousand active users.

The key members of Dex-Trade listed on its website include Marilyn Miller, who is a Co-Founder & Business Development Manager, the sales manager Sakib Raj, and a listing agent Alex Krasnov.

DEX-Trade Review: Pros and Cons

Pros
High level of security
Technical support around the clock
A large number of tradable currency pairs
demo account
Support multiple languages
Cold storage holds up to 95% of cryptocurrencies
High liquidity
Private token
Cons
Inability to deposit/withdraw fiat money
Some features of the platform are under development and not available

DEX-Trade Review: Services & Features

DEX-Trade Review: Safe Cryptocurrency Exchange With Favorable Fees

Spot trading

If you want to undertake spot trading with Dex-Trade, click on the “trade” button and then on the “spot trading” button. More than 140 trading pairs, including BTC/USDT, ETH/USDT, ETH/BTC, SOL/USDT, and BNB/USDT, are supported by Dex-Trade.

When you choose a pair, you may view fairly basic data such as price movement over the previous 24 hours (in%), high and low points during that time, and volume over the same period.

Deposits & withdrawals 

At the time of writing, you can deposit only crypto to your Dex-Trade account, so fiat deposits are not available, and Crypto deposits are free of charge.

When it comes to withdrawals, only crypto-based ones are available as well. Fees align with the market’s average here and vary from crypto to crypto. For example, it is 0.0005 BTC per BTC withdrawal. 

Finally, there needs to be info on the website about the deposit or withdrawal limits. Dex-Trade did pretty poor transparency regarding withdrawals and deposits.

Wallet

Dex-trade wallet is a safe place for you to keep your assets on the exchange. This wallet features multi-layer security protocols to ensure that your assets are safe and secure. With our user-friendly interface, it’s easy to manage and track your assets in real-time. Plus, our 24/7 customer support team is always on hand to assist you with any questions or concerns you may have.

In addition to our security measures and user-friendly interface, Dex-trade wallet also offers competitive fees and fast transaction processing times. You can easily deposit and withdraw your assets from the exchange with just a few clicks.

IEO

Dex-Trade offers IEO (Initial Exchange Offering) launch area. This is a token launch platform for perspective projects where you can see the project’s name, token amount, available currencies, and start and end times.

Staking

Dex-Trade offers to stake as well. However, at the time of writing, the staking feature is still in the beta version, and there is little to be seen in that section. It seems that only Qtum (QTUM) is available for staking (at least for now), with an estimated annual earning of 0.065%. This is such a low earning rate that the team just put it there as a placeholder until the feature is officially established. 

Games

On Dex-Trade, you can play games as well, and the purpose of the feature is to allow beginners to fill interact with cryptocurrencies. There is a demo account for every game. 

Some of the games you can play are Flip Flop, Predictor, Scissors Paper Rock, and Keno.

Free coins

DEX-Trade Review: Safe Cryptocurrency Exchange With Favorable Fees

From time to time, Dex-Trade will offer some free coins as well. Each free currency has its limit on the amount that you can receive in one session. Some of the coins available were ARMX, MER, XBT, and VITC. 

Tournaments

Take part in the tournament and get a chance to win a cash prize. On the Dex-Trade website, you can take part in tournaments and win cash prizes by fulfilling the conditions of the contests. More and more participants participate in tournaments and increase the number of their victories. 

Mobile Support

Most people prefer to do their crypto trading via desktop. But many people do it via their smartphones or reading tablets. If you are one of those people, you’ll be happy to know that the Dex-Trade trading platform is also available as a mobile app for Androids (and soon also for iPhones).

Security

Dex-Trade has put in place a number of safeguards, such as the KYC (Know-Your-Customer) protocol and multi-factor authentication, to enable its users protect their money more effectively. Also, the platform has a running bounty program intended to compensate users who find and report vulnerabilities. As of this writing, there haven’t been any successful attempts to jack the platform.

DEX-Trade Review: Dex-Trade coin (DXC)

DEX-Trade Review: Safe Cryptocurrency Exchange With Favorable Fees

DXC was officially released with a limited supply of 21 million coins with a starting price of $21 on January 21, 2021. The asset is traded on the Dex-Trade Exchange only.

DXC will never be given out for free or as a reward. This curious the sharp “drain” of coins, leading to dumps and a decrease in liquidity.

DXC is not just a coin, it is a backbone payment unit of the Dex-Trade ecosystem. This makes its rate stable with growth dynamics.

If you decide to buy DXC, you can receive:

  • Benefits in the referral program
  • Participation in a private club
  • Vote
  • Access to new listings before other traders
  • Conversion of illiquid small assets into a liquid token and many other

DEX-Trade Review: Deposit Techniques

Wire transfers in fiat money are accepted for deposits at this exchange. Only if you deposit USD, though. This means that you can only deposit USDs there; you cannot deposit EURs, GBPs, or any other fiat currencies. In any case, the exchange meets the criteria to be considered a “entry-level exchange,” allowing novice cryptocurrency traders to enter the market on this platform. But, credit card deposits are not supported.

With our Exchange Finder tool, you can locate an exchange that accepts credit card deposits for trading (or wire transfers in fiat currencies other than USD) if you are a novice cryptocurrency investor.

DEX-Trade Review: Fees

Trading fees

We need to stress more that you must always check the trading fees at the exchange you want to trade at. Every trade occurs between two parties: the maker, whose order exists on the order book before the work, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers make the liquidity in a market, and takers remove this liquidity by matching makers’ orders with their own.

Dex-Trade review charges 0.20% for takers. Makers, however, pay only half that: 0.10%. These fees are definitely acceptable and in line with industry averages.

Withdrawal fees

Many exchanges have low trading fees but then hit you with their high withdrawal fees on the way out. Dex-Trade charges 0.0005 BTC for BTC withdrawals. The global industry average BTC-withdrawal fee is 0.00053 BTC per each BTC-withdrawal, so Dex-Trade is slightly lower than the average fee rate.

How to sign up on Dex –Trade?

DEX-Trade Review: Safe Cryptocurrency Exchange With Favorable Fees
  1. Go to Dex-Trade.com and click Sign Up.
  2. On the registration page, enter your email address, create a password for your account, and select the time zone you are located
  3. Read and agree to the Terms of Service and click Sign Up. (Important:  You must create a unique password using at least 6 chars: uppercase (A-Z) lowercase (a-z), digits (0-9) and one of the next symbols: !@#$%^&*_)
  4. The system will send a confirmation link to your email. Please, activate your account within 30 minutes. If you can’t find the email in your inbox, please check your other mail folders as well.

Congratulations, you are successfully registered on Dex-Trade.

Conclusion

Above is our introduction to the Dex-trade review cryptocurrency exchange, an exchange that has not been established for a long time but it has quite a full range of features with competitive fees compared to other platforms on the market. school. However, the exchange does not offer leverage.

In addition to its core trading features, Dex-trade also offers a mobile app for on-the-go trading, as well as a referral program that rewards users for bringing in new traders. The exchange also provides helpful resources for beginners, such as educational articles and a demo trading mode.

One downside of the platform is that it lacks leverage trading, which may be a dealbreaker for more advanced traders. However, for those who prioritize ease of use and value competitive fees, Dex-trade is definitely worth considering.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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