No Regulation

Score

0123456789.01234567890123456789
/10

DEX-TRADE

Chile

|

5-10 years

Suspicious Regulatory License|

Medium potential risk

https://dex-trade.com/

Website

Yesterday Vol
7 Days
Rating Index
Influence

Influence

AA

Influence Index NO.1

Indonesia 7.89

Better than 99.08% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

Influence
AA

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

Exchange Info

More
Company Name
DEX-TRADE
Phone of the company
--
Customer Service Email Address
support@dex-trade.com

WikiBit Risk Alerts

1
Previous Detection 2024-05-18

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

Github

Related Docs

All Corps

New Arrival

Vol Stat

Influence

Yesterday Vol

7 Days

$ 40.023m

$ 40.023m

58.81%

$ 7.459m

$ 7.459m

10.96%

$ 2.966m

$ 2.966m

4.35%

$ 2.277m

$ 2.277m

3.34%

$ 1.751m

$ 1.751m

2.57%

$ 1.162m

$ 1.162m

1.7%

$ 1.027m

$ 1.027m

1.51%

$ 886,158

$ 886,158

1.3%

$ 843,285

$ 843,285

1.23%

$ 823,641

$ 823,641

1.21%

$ 821,804

$ 821,804

1.2%

$ 554,071

$ 554,071

0.81%

$ 525,200

$ 525,200

0.77%

$ 518,270

$ 518,270

0.76%

$ 501,859

$ 501,859

0.73%

User Reviews

More

1 ratings

Participate in evaluation
FX2007322208
Used DEX-TRADE for a bit now. Top-notch security but the interface is a bit dated, mate. Could use a revamp!
2024-01-29 22:44
8
Features Details
Exchange Name DEX-TRADE
Founded in 2019
Registered in Chile
Cryoptocurrencies 330+
Trading Fees Maker: -0.01%, Taker: 0.0.3%-0.1%
24-hour trading volume $10 million
Customer Support 0.2% and 0.1%, respectively

What is DEX-TRADE?

DEX-TRADE is a cryptocurrency exchange that started in 2017 and is based in Chile. It lets cryptocurrency traders trade more than 330 cryptocurrencies, like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Binance Coin (BNB). About $10 million worth of trading happens on the exchange in a day. DEX-TRADE doesn't charge a lot for trading – 0.2% for takers and 0.1% for makers. If you trade a lot, you might get discounts.

basic-info

Pros and cons

DEX-TRADE excels in these areas:

  • Relatively low trading fees, with taker fees at 0.2% and maker fees at 0.1%.

  • Supporting over 330 cryptocurrencies, making it one of the most diverse exchanges in terms of the number of cryptocurrencies it supports.

  • Offering customer support via email, live chat, and phone, customer support team is available 24/7.

  • Reward staking offered.

DEX-TRADE lacks these areas:

  • Slow coin listing speed, especially for new coins, typically takes 3-6 months to list a new coin, and the process can be even longer for coins that are not well-known or do not have a large market capitalization.

  • Not as liquid as some other exchanges, especially for smaller cryptocurrencies.

  • No mobile app offered for clients to trade on the go.

  • Currently, it only supports users from a limited number of countries, including the United States, Canada, the European Union, and Australia.

Pros Cons
Low trading fees Not regulated by any authority
Over 330 cryptocurrencies available Slow coin listing speed
24/7 customer support Limited Liquidity
Reward staking offered No mobile app offered
Demo trading and spot trading available Not available in all countries

Regulation

DEX-TRADE is a decentralized exchange (DEX) that is not regulated by any government or financial authority. This means that it is not subject to the same regulations as centralized exchanges (CEXs), such as Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements. If you are comfortable with the risks of using an unregulated exchange, then DEX-TRADE may be a good option for you. However, if you are looking for a more secure and regulated exchange, then you may want to consider usin g a CEX instead.

regulation

Security

DEX-TRADE offers a number of security and storage measures to protect its users' funds. These measures include:

  • Cold storage: DEX-TRADE keeps the majority of its users' funds in cold storage, which means that they are stored offline in encrypted wallets. This makes them much less vulnerable to hackers.

  • Multi-signature wallets: DEX-TRADE uses multi-signature wallets for some of its hot wallets. This means that multiple signatures are required to authorize a transaction, which makes it more difficult for unauthorized individuals to access funds.

  • Two-factor authentication (2FA): DEX-TRADE requires users to enable 2FA for their accounts. This adds an extra layer of security by requiring users to enter a code from their phone in addition to their password to log in.

  • IP whitelisting: DEX-TRADE allows users to whitelist certain IP addresses. This means that only users who log in from these IP addresses will be able to access their accounts.

  • Security audits: DEX-TRADE has undergone several security audits by independent security firms. This helps to ensure that the exchange's code is secure and that there are no vulnerabilities that could be exploited by hackers.

Trading Markets

Dex-Trade, a cryptocurrency exchange, provides a platform for users to engage in trading various digital assets. The trading markets on Dex-Trade cover a selection of popular cryptocurrencies, including but not limited to Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Solana (SOL), and Cardano (ADA). These cryptocurrencies serve as the primary instruments for spot trading on the platform, allowing users to buy, sell, and exchange these assets based on real-time market prices.

Trading Markets

Cryptocurrencies available

DEX-TRADE offers more than 330 cryptocurrencies. The exchange's website lists 333 coins as of March 8, 2023. This makes DEX-TRADE one of the most diverse exchanges in terms of the number of cryptocurrencies it supports.

Here is a list of the top 10 cryptocurrencies by market capitalization that are supported by DEX-TRADE:

  • Bitcoin (BTC)

  • Ethereum (ETH)

  • Tether (USDT)

  • Binance Coin (BNB)

  • USD Coin (USDC)

  • XRP

  • Terra (LUNA)

  • Cardano (ADA)

  • Solana (SOL)

  • Avalanche (AVAX)

  • products

    You can also find the full list of cryptocurrencies available here: https://dex-trade.com/markets.

    The coin listing speed of DEX-TRADE is relatively slow, especially for new coins. The exchange typically takes 3-6 months to list a new coin, and the process can be even longer for coins that are not well-known or do not have a large market capitalization.

    Here is a table summarizing the coin listing speed of DEX-TRADE:

    Feature Details
    Average listing time 3-6 months
    Maximum listing time 12 months
    Due diligence process Rigorous
    Resources Limited
    Demand High

    Other Services

    Dex-Trade extends its services beyond traditional cryptocurrency trading, offering additional features to enhance the user experience:

    1. Staking: Dex-Trade provides a staking service that allows users to earn rewards for holding certain coins and tokens in their wallets. Staking involves actively participating in the network's operations by locking up a certain amount of cryptocurrency, contributing to the security and functionality of the blockchain. In return, users receive rewards, typically in the form of additional tokens or coins.

    2. IEO (Initial Exchange Offering): Dex-Trade serves as a platform for Initial Exchange Offerings (IEOs), allowing users to participate in token launches for promising projects. This feature provides users with an opportunity to invest in new and prospective cryptocurrencies at an early stage. It also offers a streamlined and secure process for project teams to raise funds and gain exposure within the Dex-Trade community.

    3. Tournaments: Dex-Trade introduces a competitive element with its tournament feature, enabling users to participate in trading competitions. Engaging in these tournaments can lead to bonuses and rewards based on trading performance. Tournaments not only add excitement to the trading experience but also provide an avenue for users to showcase their skills and potentially earn additional benefits.

    Other Services

    How to open an account with DEX-TRADE?

    The registration process for DEX-TRADE can be completed in 6 simple steps:

    1. Visit the DEX-TRADE website and click on the “Sign Up” button.

    open-account

    2. Fill out the registration form with your personal information, including your full name, email address, and password.

    open-account

    3. Agree to the terms and conditions of the exchange by checking the appropriate box.

    4. Verify your email address by clicking on the verification link sent to your registered email.

    5. Complete the identity verification process by providing the necessary documents, such as a government-issued ID and proof of address.

    6. Wait for the verification process to be completed. Once approved, you can start trading on the DEX-TRADE platform.

    How to Buy Cryptos?

    Purchasing cryptocurrencies on Dex-Trade typically involves a straightforward process through their online platform:

    1. Access Dex-Trade Platform: Begin by visiting the Dex-Trade website and logging into your account. If you don't have an account, you may need to sign up and complete any necessary verification steps.

    2. Navigate to “Buy Crypto” or Similar Section: Once logged in, locate the section on the platform that facilitates buying cryptocurrencies. This might be labeled as “Buy Crypto” or something similar and is usually accessible from the main dashboard or navigation menu.

    3. Select Cryptocurrency and Payment Method: Choose the cryptocurrency you want to buy from the available options. Afterward, select your preferred payment method. Dex-Trade may support various methods such as bank transfers, credit/debit cards, or other payment options depending on your region.

    4. Enter Purchase Details: Specify the amount or quantity of the chosen cryptocurrency you wish to purchase. Dex-Trade may provide real-time market prices to assist you in making informed decisions.

    5. Review and Confirm: Carefully review your purchase details, including the amount, total cost, and payment method. Confirm that all information is accurate before proceeding.

    6. Payment Process: Follow the prompts to complete the payment process. Depending on your chosen payment method, you may need to enter relevant financial information or go through additional security measures.

    7. Confirmation and Wallet: After a successful purchase, Dex-Trade typically provides confirmation of the transaction. The cryptocurrency you bought should be reflected in your Dex-Trade wallet on the platform.

    Fees

    DEX-TRADE charges a maker-taker fee structure for trading. Makers are those who place limit orders, while takers are those who place market orders. The maker fee is 0.1%, while the taker fee is 0.2%. This means that if you place a limit order and it is filled, you will pay a 0.1% fee. If you place a market order and it is filled, you will pay a 0.2% fee.

    DEX-TRADE also promotes a VIP levels programme. VIP Levels are a tiered system that grants you access to an array of benefits on Dex-Trade based on your trading volume or DXU token balance.

    The trading fees on this platform vary based on different levels and trade turnover. VIP traders with higher turnover enjoy lower fees. For example, VIP traders with turnover above ¥1000 have fees ranging from 0.072% to 0.0144% for limit/market orders, with further discounts for DXU trading. The lowest fees are for VIP4 traders with a ¥30 turnover, at 0.06% for limit orders and 0.012% for market orders.

    Level Trade Turnover BTC Balance Limit Market Limit Market (DXU Discount)
    VIPO 0 30 0.1%/0.2% 0.09%/0.18%
    VIP1 20.1 210 0.09%/0.18% 0.081%/0.162%
    VIP2 31 100 0.08%/0.016% 0.072%/0.0144%
    VIP3 15 500 0.07%/0.014% 0.063%/0.0126%
    VIP4 230 >1000 0.06%/0.012% 0.0486%/0.009729

    Deposit & Withdrawal

    Deposit & Withdrawals on DEX-TRADE exchange can be done through various cryptocurrencies. DEX-TRADE does not charge any deposit fees for any cryptocurrency. However, there may be network fees associated with depositing cryptocurrency to DEX-TRADE, which are charged by the blockchain network itself. These fees can vary depending on the congestion on the network.

    For example, BCY (BitCrystals) on MAINNET has a deposit fee of 0.1% and a withdrawal fee of 50 fixed or 60 minimal. Coins like BDA (Beeuda), BDGR (Black Dracos Resources Companies Inc.), BDOT (BITDOTCOIN), BEFX (Belifex), and BETK (BEI TOKEN) have no deposit fees and a 0.1% withdrawal fee, with minimal withdrawal fees ranging from 10 to 150. Coins like BETON (BETONTRC), BFT (Bitfine), and BG (Bit Gold) (ERC 20) have no deposit fees and a 0.1% withdrawal fee, with minimal withdrawal fees of 3.5, 20, and 24.194 respectively. BIGB (BighBull Technosoft LLP) has a 0.1% deposit fee and a withdrawal fee of 1.25 fixed or 1.25 minimal.

    You can check the full deposit and withdrawal fees here: https://dex-trade.com/fees.

    Customer Support

    The DEX-TRADE website is accessible in numerous countries. You can connect with this exchange via online chat and stay updated on their latest news, trading tournaments, and giveaways by following them on social media.

    customer-support

    Is DEX-TRADE a Good Exchange for You?

    Dex-Trade stands out as a favorable exchange for various trader profiles. Its extensive offering of over 330 cryptocurrencies caters to those who value diversity in their investment portfolio. For users keen on earning rewards through staking, Dex-Trade provides a staking service, enhancing the platform's appeal for individuals seeking passive income opportunities. The inclusion of spot trading and demo trading features caters to traders looking for both practical experience and skill development. Additionally, for those who prioritize swift assistance, Dex-Trade's commitment to a quick response from their customer support team adds another layer of appeal for users seeking efficient and reliable service. DEX-TRADE is a good exchange for traders in the following aspects:

    • Traders who love diversified a range of cryptocurrencies, 330 + options to choose from.

    • Traders who care about the reward staking thing.

    • Traders who are interested in spot trading and demo trading

    • Traders who prioritize quick response from customer support team

    Has DEX-TRADE experienced any controversy?

    Yes, DEX-TRADE has experienced some controversy:

    In 2021, the exchange was accused of being involved in a pump-and-dump scheme. This is a type of fraud where investors artificially inflated the price of cryptocurrency in order to sell it at a higher price.

    The accusations against DEX-TRADE stemmed from an incident where the exchange listed a new cryptocurrency called “DEXT”. The price of DEXT quickly rose from $0.001 to $10.00 in a matter of hours. However, the price of DEXT soon crashed back down to $0.001.

    Compare DEX-TRADE with other exchanges

    Features
    customer-support
    customer-support
    regulation
    Trading Fees Maker: -0.01%, Taker: 0.0.3%-0.1% Maker: 0.04%, Taker: 0.075% Maker: 0.05% - 0.1%, Taker: 0.1% - 0.5% Up to 0.40% maker fee and up to 0.60% for taker fee
    Cryptocurrencies 330+ 500+ 11 200+
    Regulation No regulated Regulated by NMLS, MAS/FinCEN (Exceeded) Regulated by FSA ( Japan), NMLS, CSSF, DFI, NYSDFS Regulated by NMLS , FCA, NYSDFS, SEC (Exceeded), FINTRAC (Exceeded)

    User Reviews

    James Thompson

    May 23 2023

    “DEX-TRADE left me disappointed. The interface is clunky and confusing, making trading a hassle. And let's talk about customer support – nonexistent! I had an issue with a withdrawal, and it took forever to get a response. When it comes to trading fees, they're on the higher side, and that's frustrating. I'm also concerned about the lack of regulation and security measures. It's hard to trust a platform that doesn't prioritize privacy and data protection. Withdrawal speed? Don't even get me started. It's slow and frustrating. Overall, the whole experience felt unstable, and I'm definitely reconsidering my options.”

    Emily Mitchell

    March 9, 2023

    “I've had a pretty good run with DEX-TRADE. The user interface is sleek and easy to navigate, making trading a breeze. The variety of cryptocurrencies available is impressive, giving me plenty of options to trade. Their customer support has been quite helpful whenever I've had questions or issues. Plus, I appreciate their commitment to privacy and data protection. Trading fees are reasonable, and the platform seems to have decent liquidity. I've had no problems with deposit and withdrawal speed either – it's been quite smooth. Overall, I find DEX-TRADE to be a stable and trustworthy exchange for my crypto needs.”

    Conclusion

    In conclusion, DEX-TRADE has good sides like low trading fees, lots of cryptocurrencies (over 330!), help all the time, and you can earn rewards. But, there are also problems like no regulation, slow when adding new coins, not a lot of money moving around, no mobile app, and you might not get in if you're in certain countries. You can try practice and real trading, but remember to think about the good and bad stuff before picking DEX-TRADE.

    FAQs

    Q: How can I register an account on DEX-TRADE?

    A: To register on DEX-TRADE, you need to visit their website and click on the “Sign Up” button. Fill out the registration form with your personal information and agree to the terms and conditions.

    Q: How long does the verification process take on DEX-TRADE?

    A: The verification process duration may vary on DEX-TRADE. After submitting your documents, you will need to wait for the review and approval by the exchange. It is recommended to check with their customer support for the estimated processing time.

    Q: What are the available deposit and withdrawal methods on DEX-TRADE?

    A: DEX-TRADE offers various deposit and withdrawal methods. To know the specific options available, it is advised to visit the DEX-TRADE website or consult their customer support for the most accurate and up-to-date information.

    Q: Can I trade cryptocurrencies from the United States on DEX-TRADE?

    A: DEX-TRADE being registered in the United States can be advantageous for traders from the country. Traders from the United States should consider DEX-TRADE as an option for cryptocurrency trading within their jurisdiction.

    Q: Can I find user reviews about DEX-TRADE?

    A: User reviews of DEX-TRADE can provide insights into the experiences of other traders. It is recommended to search for independent reviews and consider multiple sources to get a balanced understanding of user satisfaction and experiences with DEX-TRADE.

    Risk Warning

    Cryptocurrency trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.