Regulated

Score

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/10

xcoex

Malta

|

5-10 years

Digital Currency License|

High potential risk

https://xcoex.com/

Website

Rating Index
Influence

Influence

C

Influence Index NO.1

United Kingdom 2.32

Better than 98.75% exchange(s)

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C

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MTR

MTRRegulated

Digital Currency License

Exchange Info

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Company Name
xcoex
Phone of the company
+442 038 686 187
Customer Service Email Address
support@xcoex.com
partnership@xcoex.com

WikiBit Risk Alerts

1
Previous Detection 2024-06-15

The number of this Exchange's nagitive field survey reviews has reached 1, please be aware of the risk and the potential scam!

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2 ratings

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N、
I am quite disappointed with my experience with xcoex. Firstly, its trading fees are too high, which seriously affects users' investment returns. Secondly, the customer service response time is too long, which makes it very inconvenient.
2024-04-01 16:38
5
聚灵
First of all, I want to expoise. A person on the Internet gave me a link to copy to the browser to download the App. After I downloaded it, it was xcoex with lowercase letters. I also found this App in the App Store, but the letters were all uppercase. . There were doubts at the time, but it was not true. Later, because of the time difference, we had a 7-hour gap with China. The person stayed up all night and taught me to move bricks, deposit gold, take me to make a small perpetual contract, and then take me to withdraw coins to Binance to sell coins. I really learned how to do it. Contract speculation, the principal was too small for the person to do, so I deposited 13,000 US dollars, and then I found that person and disappeared. Later, a friend said that the xcoex App platform in lowercase letters is an intranet, which is not a formal one. Small amounts can be raised, but large amounts are not raised. I tried to raise 10,000 USDT, but I didn’t even mention it. Up. Looking for customer service, the customer service requires advanced certification and continued deposit. This is actually a pit. I have confirmed that I have passed the advanced certification and I have to pay the deposit. That is to keep me filling the pit. So I explode! Report! And provide platform link. app download https://www.xcoexchange.com/app.html
2021-03-15 17:53
0
Aspect Information
Company Name Xcoex
Registered Country/Area Malta
Founded Year 2-5 years
Regulatory Authority MajandusTegevuse Register
Number of Cryptocurrencies Available 50+
Fees Fee-free trading, 10% profit share from profitable trades, Various taker and maker fees
Payment Methods Bank transfer, credit/debit card, crypto deposits and withdrawals
Customer Support +442 038 686 187, support@xcoex.com, partnership@xcoex.com, Twitter, Facebook

Overview of xcoex

Founded around 2-5 years ago, Xcoex is a regulated cryptocurrency exchange based in Malta. Operated under the regulatory authority MajandusTegevuse Register, it holds a digital currency license (License No. FVT000226) and offers secure trading. With over 50 cryptocurrencies available, including Bitcoin, Ethereum, XRP, and more, users can trade with maker fees at 0.09% and taker fees at 0.15%. The platform supports various payment methods like bank transfers and credit cards, with deposit fees waived and a 0.1% fee for withdrawals. Xcoex's customer support includes email and social media channels for assistance.

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Pros and cons

Pros Cons
Offers over 50 cryptocurrencies for trading Limited selection compared to some other exchanges
Fee-free trading and profit sharing of 10% Withdrawal fees can be high for certain currencies
Supports bank transfer, credit card, and crypto Limited fiat currency options (USD, EUR)
Provides various trading options and order types Trading interface may not be as user-friendly
Regulated by MajandusTegevuse Register in Estonia Anonymous trading details not provided
Security measures include 2FA, cold storage, and encryption -
No commission for trading -

XCOEX presents several advantages, including a diverse selection of over 50 cryptocurrencies for trading, along with fee-free trading and a profit-sharing model of 10%. The platform supports multiple payment methods, including bank transfers, credit cards, and cryptocurrencies. It offers a range of trading options and order types, backed by regulatory oversight from MajandusTegevuse Register in Estonia. Security measures are implemented through features like 2FA, cold storage, and encryption. While these strengths are notable, the exchange's limited fiat currency options (USD, EUR) and potential withdrawal fees for certain cryptocurrencies could be considered drawbacks. The trading interface might not be as user-friendly as some alternatives, and specific information regarding anonymous trading is not provided. The absence of trading commissions is another noteworthy advantage.

Regulatory Authority

The regulatory situation of Xcoex exchange is as follows:

- Regulatory Authority: MajandusTegevuse Register

- Regulation Number: FVT000226

- Regulation Status: Regulated

- License Type: Digital Currency License

- License Name: XCOEX Limited OÜ

Xcoex operates under the regulation and oversight of the MajandusTegevuse Register. The exchange holds a digital currency license with the license name XCOEX Limited OÜ.

The MajandusTegevus Register (MTR) is a business registry in Estonia that is maintained by the Ministry of Economic Affairs and Communications. It is a centralized database of all businesses operating in Estonia, including their contact information, company registration number, and the activities they are authorized to carry out. The MTR is used by businesses, government agencies, and the public to verify the registration status of businesses and to obtain information about their activities.

Regulation

Security

Xcoex implements various security measures to protect its users and their funds. These measures include:

1. Two-Factor Authentication (2FA): Xcoex allows users to enable 2FA, adding an extra layer of security to their accounts. This authentication method requires users to provide a second piece of evidence, such as a unique code sent to their mobile device, in addition to their username and password.

2. Cold Storage: The platform stores a significant portion of its users' funds in offline, cold storage wallets. This practice helps protect against hacking attempts and reduces the risk of unauthorized access.

3. Encryption: Xcoex employs advanced encryption technologies to secure user data and communications. This encryption ensures that sensitive information, such as personal details and transaction data, remains confidential and inaccessible to third parties.

4. Regular Security Audits: Xcoex regularly conducts security audits to identify and address potential vulnerabilities. These audits help ensure that the platform's infrastructure and systems are up-to-date and resistant to cyber threats.

5. Anti-Money Laundering (AML) and Know Your Customer (KYC) Procedures: Xcoex enforces strict AML and KYC procedures to prevent illegal activities and enhance the security of its platform. These procedures help verify the identities of users and monitor transactions for any suspicious or fraudulent behavior.

By implementing these security measures, Xcoex aims to provide a safe and secure environment for its users to engage in virtual currency exchange activities.

Cryptocurrencies Available

Xcoex offers access to a wide range of cryptocurrencies, with more than 50 options available for users to trade, which cover various combinations of

  • Bitcoin,

  • Bitcoin Cash,

  • Ethereum,

  • XRP,

  • Litecoin,

  • DAI,

  • USDT,

  • TRX, and

  • fiat currencies (USD, EUR).

These pairs exhibit minimal exchange sizes and commissions, with rates ranging from 0.25% to 1.5%. As of the most recent data, notable cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, XRP, and Litecoin are available for trading, each showing stable prices (Bitcoin: $26,062.00, Bitcoin Cash: $186.43, Ethereum: $1,667.215, XRP: $0.51883, Litecoin: $63.765) and undefined percentage changes over the last 24 hours.

cryptos

How to open an account?

The registration process of Xcoex involves the following steps:

1. Visit the Xcoex website and click on the “Sign Up” button.

open-account

    2. Provide your email address and create a strong password for your account.

    3. Agree to the terms and conditions of Xcoex and verify your email address by clicking on the confirmation link sent to your inbox.

    4. Complete the KYC (Know Your Customer) process by providing necessary identification documents, such as a valid ID card or passport, as well as proof of address.

    5. Wait for your documents to be reviewed and approved by the Xcoex team.

    6. Once approved, you can log in to your Xcoex account and start trading cryptocurrencies on the platform.

    Signup

    Fees

    Xcoex offers fee-free trading without commissions; a 10% profit share is only taken from profitable trades. Leverage ranges from 5 to 300 depending on the instrument. Market order taker fees range from 0.15% to 0.40%, with maker fees at 0.09% or -0.01% for some instruments. Minimal and maximal trade amounts vary across assets.

    Instrument Min. Exchange Size Market Order Taker Fee Maker Fee
    BTCUSD 0.0001 BTC 0.15% 0.09%
    LTCBTC 0.0001 LTC 0.25% 0.15%
    TRXUSD 1 TRX 0.15% 0.09%
    ETHBTC 0.0001 ETH 0.25% 0.15%
    BCHBTC 0.0001 BCH 0.25% 0.15%
    DAIUSDC 0.01 DAI 0.15% 0.09%
    ETHEUR 0.02 ETH 0.15% 0.09%
    EURUSDT 1 EUR 0.15% 0.09%
    USDTUSD 0.01 USDT 0.15% 0.09%
    Fees

    Payment Methods

    Xcoex supports payment methods such as bank transfer and credit/debit card. When using bank transfers, the processing time may vary depending on the user's bank and country. Credit/debit card payments are typically processed instantly, allowing users to quickly deposit funds into their Xcoex accounts and start trading. XCOEX offers crypto deposits and withdrawals with no deposit fees and a flat 0.1% fee for withdrawals. The minimum deposit and withdrawal amounts vary per currency, with no restrictions on most deposits and a fixed withdrawal fee for each currency (e.g., 7 USDT, 0.0006 BTC, 0.00039 BCH). TRX can only be obtained by exchanging other cryptocurrencies, and direct TRX deposits are not currently available.

Payment Method Can Buy Can Sell Can Add Cash Can Cash Out Speed (for fiat) Can be used for Crypto
Bank Transfer Yes Yes Yes Yes Slow Yes
Credit Card Yes Yes Yes Yes Fast Yes
Debit Card Yes Yes Yes Yes Fast Yes
Cryptocurrency Yes Yes Yes No Fast Yes

Compare to Similar Brokers

Feature XCOEX Binance Coinbase Kraken
Cryptocurrencies 50+ 500+ 100+ 60+
Amounts Up to 300x leverage Up to 100x leverage Up to 5x leverage Up to 5x leverage
Fees Maker: 0.09%, Taker: 0.15% Maker: 0.04%, Taker: 0.06% Maker: 0.35%, Taker: 0.40% Maker: 0.16%, Taker: 0.26%
Account minimum $10 $10 $25 $0
Promotions Up to 10% profit share Up to 100% deposit bonus Up to $500 in rewards Up to $1,000 in rewards

    Educational Resources

    Xcoex provides educational resources and tools to help users enhance their understanding of virtual currency trading. These resources include tutorials, guides, and articles that cover various topics related to cryptocurrencies, trading strategies, and market analysis. Users can access these resources on the Xcoex website or platform, allowing them to stay informed and make more informed trading decisions. Additionally, Xcoex may offer some tools, such as real-time charts and indicators, to assist users in analyzing market trends and patterns. These tools can be useful for users who wish to conduct technical analysis and develop their trading strategies.

    Customer Support

    Xcoex provides customer support through +442 038 686 187 and support@xcoex.com for general inquiries, while partnership-related queries can be directed to partnership@xcoex.com. The exchange also maintains a presence on Twitter (https://twitter.com/OfficialXcoex) and Facebook (https://www.facebook.com/xcoex/) for additional communication channels.

    Is xcoex a Good Exchange for You?

    Xcoex may be suitable for the following trading groups:

    1. Experienced Traders: Xcoex offers access to more than 50 cryptocurrencies, which can cater to experienced traders who are looking to diversify their portfolios and take advantage of different market opportunities. The platform's convenient payment methods, customer support channels, and security measures can provide a seamless trading experience for experienced individuals in the cryptocurrency space.

    2. Crypto Enthusiasts: Xcoex's wide range of cryptocurrencies can also appeal to crypto enthusiasts who are passionate about exploring and investing in various digital assets. The platform's educational resources and tools can further enhance their understanding of virtual currency trading, allowing them to stay informed and make informed investment decisions.

    3. Privacy-Oriented Traders: While Xcoex does not explicitly mention the registered country/area and regulatory authority, some privacy-oriented traders may appreciate the platform's approach. The lack of excessive regulatory oversight may provide a level of anonymity and privacy that certain traders seek in their cryptocurrency transactions.

    4. Traders Seeking Convenient Payment Methods: Xcoex supports payment methods such as bank transfers and credit/debit cards, making it convenient for traders to deposit and withdraw funds. This accessibility can attract individuals who prefer quick and hassle-free payment options.

    5. Security-Conscious Traders: Xcoex's implementation of security measures such as two-factor authentication, cold storage, encryption, and regular security audits can appeal to traders who prioritize the safety and security of their funds. These measures can provide a sense of assurance and protection against potential cyber threats.

    It is important for traders to conduct their own due diligence and assess their individual needs and trading strategies before engaging with any virtual currency exchange. While Xcoex offers several features and advantages, it is crucial for traders to carefully evaluate the platform and determine if it aligns with their specific requirements and risk tolerance.Conclusion

    Xcoex, as a regulated exchange, offers a selection of 50+ cryptocurrencies for trading, including prominent options like Bitcoin, Ethereum, XRP, and Litecoin. The platform provides various trading options and order types. However, it should be noted that the available cryptocurrency range is narrower compared to larger exchanges, and certain withdrawal fees might be elevated. Xcoex emphasizes security through measures such as two-factor authentication, cold storage, encryption, and regular security audits. The platform enables fiat currency trading and supports payment methods like bank transfers and credit/debit cards. Trading is executed without direct commissions; instead, a 10% profit share is levied only from profitable trades. Customer support is accessible through different communication channels, including email and social media.

    FAQs

Q: What is the regulatory authority for Xcoex?

A: Xcoex is regulated by the MajandusTegevuse Register (MTR) with the license number FVT000226. It holds a Digital Currency License under the name XCOEX Limited OÜ.

Q: How does Xcoex ensure security?

A: Xcoex employs security measures including Two-Factor Authentication, cold storage, encryption, regular security audits, and strict AML/KYC procedures to protect user accounts and funds.

Q: Which cryptocurrencies are available on Xcoex?

A: Xcoex offers over 50 cryptocurrencies including Bitcoin, Ethereum, XRP, Litecoin, and DAI. Various trading pairs with different fees and minimum exchange sizes are available.

Q: How do I open an account on Xcoex?

A: To register on Xcoex, visit the website, provide your email and password, verify your email, complete KYC, and await approval. Once approved, you can start trading.

Q: What payment methods does Xcoex support?

A: Xcoex supports bank transfers, credit/debit cards, and cryptocurrency deposits. Withdrawal fees apply, and processing times vary based on the method chosen.

    User Reviews

    User 1: I've been using Xcoex for a while now and I must say, the security measures they have in place really give me peace of mind. The two-factor authentication and cold storage features make me feel confident about the safety of my funds. The interface is also user-friendly, making it easy for even beginners like me to navigate the platform. The only downside is that there could be more cryptocurrencies available for trading, as the current selection feels somewhat limited. Overall, I'm satisfied with the customer support and reasonable trading fees.

    User 2: Xcoex is a great exchange for anyone who values privacy and data protection. I appreciate the platform's approach of not collecting excessive personal information and providing a level of anonymity. The deposit and withdrawal speeds are also impressive, with my transactions being processed quickly and efficiently. The variety of order types available allows me to customize my trades according to my preferences. However, I have encountered occasional stability issues with the exchange, which can be frustrating during active trading sessions. Nevertheless, the liquidity is generally good and the customer support has been responsive in addressing my concerns.

    Risk Warning

    Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.