Over-Operation

Score

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/10

BOXTradEx

China

|

2-5 years

MSB License|

Suspicious Overrun|

Medium potential risk

https://www.boxtradex.com/zh/crypto-box/

Website

Rating Index
Contact
BOXTradEx
https://www.boxtradex.com/zh/crypto-box/
Influence
E

Licenses

FinCEN

FinCENOver-Operation

MSB License

WikiBit Risk Alerts

1
Previous Detection 2024-10-14

MSB License goes beyond their business with the United States FinCEN license (License No.: 31000205825290), please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

Github

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New Arrival

Company Name
BOXTradEx
Regulatory Status
Over-Operation
Abbreviation
BOXTradEx
Platform registered country and region
China
Phone of the company
--

User Reviews

More

1000+ ratings

Participate in evaluation
FX1119740184
The trading interface of BOXTradEx is simple and easy to use. It offers a wide range of cryptocurrencies, which meets my diversified investment needs. Thumbs up!
2024-03-14 17:32
7
jimanggae
is the liquidity of this project high?
2023-03-11 10:11
0
javitheowin
does BOXTradEx needs a kyc verification?
2023-03-11 09:44
0
mahan
slow app
2023-03-11 00:52
0
paunx
don't take the risk, be careful dyor
2023-03-10 23:16
0
Kayskie
How can BoxtradEx regain its customers trust?
2023-03-10 16:19
0
synkcrypt
currently getting know about BOXTradEX and I'm not regretting it! LFG to this 💯🚀🚀🚀🚀
2023-03-10 14:04
0
kaier.eth
kyc requirements for use this ?
2023-03-10 12:42
0
BIT3926004134
Can we trade in BOXTradEx from every country in the world?
2023-03-09 14:45
0
blessme11
👍👍👍👍👍👍
2023-08-23 20:37
0
NORLOCKS
How strong of Tokenomics of BOXT?
2023-03-14 15:31
0
mitali
what Should we Expect from this Project ?
2023-03-14 02:32
0
shiv2424
BOXTradEX is the best exchange
2023-03-13 13:43
0
willuchooseme
is this a good project in the future?
2023-03-13 10:51
0
nysi
Why do you think you were rank only 3.3 out of 10 and how do you poan to make this project become better?
2023-03-13 04:59
0
Cill
Glad I searched for this! How does this work?
2023-03-12 23:48
0
randys
What role do financial institutions play in promoting responsible behavior on cryptocurrency exchanges?
2023-03-12 09:43
0
martinlolas
How does regulation of cryptocurrency exchanges promote transparency and prevent fraudulent activity?
2023-03-12 09:42
0
nelly5525
What measures should BOXTradEX exchanges take to ensure the safety and security of users' funds?
2023-03-12 09:41
0
BIT1136681873
This is a good one, but i just want to know by how means are you going to make a crypto-platform with forward-looking concept firstly based on security and legal compliance?
2023-03-12 08:03
0

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Aspect Information
Company Name BOXTradEx
Registered Country/Area United States
Founded year 2017
Regulatory Authority Unregulated
Cryptocurrencies offered/available Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC)
Trading Fees Maker Fees: Spot trading 0.05%, Margin trading 0.075%, Futures trading 0.02%;Taker Fees: Spot trading 0.1%, Margin trading 0.175%, Futures trading 0.06%
Deposit & Withdrawal Bank transfers, debit/credit cards, cryptocurrencies
Customer Support Twitter: BOXTradEx Twitter

Overview of BOXTradEx

BOXTradEx is a virtual currency exchange platform that was founded in 2017. Based in the United States, offers a range of cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). The platform provides users with access to WebTrader and MobileTrader, enabling trading on both web and mobile devices.

In terms of deposit and withdrawal options, BOXTradEx supports bank transfers, debit/credit cards, and cryptocurrencies. To support traders in their learning journey, the platform offers various educational resources such as online tutorials, webinars, and trading guides. In terms of customer support, BOXTradEx can be reached via email, phone, and live chat.

With its wide range of cryptocurrencies and user-friendly trading platforms, BOXTradEx provides traders with the necessary tools and resources to participate in the virtual currency market.

Overview of BOXTradEx

Pros and cons

Pros Cons
Wide range of cryptocurrencies Potential availability restrictions based on location
User-Friendly App Unregulated
Comprehensive security measures Deposit fee charged
Quant trading
Community participation

Pros:

  • Wide Range of Cryptocurrencies:

    • BOXTradEx offers users access to a diverse array of cryptocurrencies, including popular options like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC).

    • 2. User-Friendly App:

      • The BOXTradEx mobile app provides a convenient and user-friendly platform for trading on the go.

      3. Comprehensive Security Measures:

      • BOXTradEx employs robust security measures to safeguard user assets and information.

      4. Quant Trading:

      • BOXTradEx caters to users interested in quantitative trading strategies, providing options for bot trading, specifically Dollar-Cost Averaging (DCA) and grid trading.

      5. Community Participation:

      • Users can actively participate in the BOXTradEx community, contributing to the success of emerging projects through features like LaunchPad.

      • The Guild Certification program recognizes and rewards high-quality GameFi guilds, fostering a sense of community engagement.

      Cons:

      • Potential Availability Restrictions Based on Location:

        • Users may face restrictions on accessing BOXTradEx services based on their geographical location.

        • Availability limitations could affect potential users in specific regions.

        • 2. Unregulated:

          • BOXTradEx operates in an unregulated manner, lacking oversight from financial authorities. The absence of regulatory compliance poses potential risks, including vulnerability to fraudulent activities and inadequate consumer protections.

          3. Deposit Fee Charged:

          • BOXTradEx applies deposit fees, particularly for credit card deposits, with a rate of 3.5%. The fee for bank transfer deposits is 0.5%, potentially impacting users seeking cost-effective deposit options.

          Pros and cons

          Regulatory Authority

          The cryptocurrency trader BOXTradEx from China operates in an unregulated manner, lacking oversight from financial authorities. This absence of regulation poses a disadvantage as it leaves traders vulnerable to potential fraudulent activities and inadequate consumer protections.

          Regulatory Authority

          Exceeding a financial license's effective date means that the trader is operating beyond the authorized timeframe specified by the regulatory body, such as FinCEN. This situation is concerning because it suggests a breach of regulatory compliance, potentially leading to unauthorized financial operations and an increased risk of financial instability, ultimately jeopardizing traders' interests and market integrity.

          Security

          BOXTradEx is committed to safeguarding its users' assets and information by employing a robust suite of security measures. These measures encompass both technical and operational safeguards to protect against unauthorized access, data breaches, and financial fraud.

          Technical Safeguards

          • Multi-Signature Cold Storage: The majority of BOXTradEx's cryptocurrency holdings are stored in offline cold storage wallets secured by multiple signatures. This multi-key authorization mechanism significantly enhances the difficulty of unauthorized access and theft of funds.

          • Two-Factor Authentication (2FA): BOXTradEx mandates two-factor authentication for all users, adding an extra layer of security beyond just a password. Upon login, users are required to enter a unique code generated by an independent device, such as a smartphone authenticator app, effectively preventing unauthorized access even if a user's password is compromised.

          • End-to-End Encryption: BOXTradEx encrypts all sensitive user data, both at rest and in transit, using industry-standard encryption algorithms. This ensures that user data remains protected from unauthorized access, even in the event of a data breach.

          Operational Safeguards

          • Know Your Customer (KYC) and Anti-Money Laundering (AML) Procedures: BOXTradEx adheres to strict KYC and AML policies, requiring users to verify their identity and provide proof of residence to prevent the use of its platform for illicit activities such as money laundering or terrorist financing.

          • Dedicated Security Team: BOXTradEx employs a team of experienced security professionals who continuously monitor the platform for suspicious activity, implement new security measures, and respond promptly to any potential threats.

          Through its comprehensive approach to security, BOXTradEx fosters a secure environment for its users to trade and invest in cryptocurrencies with confidence. The combination of robust technical safeguards and vigilant operational practices ensures that user assets and information remain protected from a wide range of threats.

          Trading Market

          BOXTradEx serves as a comprehensive platform offering a diverse array of trading assets, making it a one-stop solution for users engaged in cryptocurrency trading, spot trading, bot trading (DCA+grid), and NFT marketplace activities.

          On BOXTradEx, users gain access to a variety of cryptocurrencies, with notable options including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies are actively traded on the platform, providing users with the opportunity to capitalize on market fluctuations and potentially generate profits.

          BOXTradEx stands out by not only facilitating traditional crypto trading but also integrating innovative features such as bot trading, allowing users to implement Dollar-Cost Averaging (DCA) and grid trading strategies.

          Moreover, BOXTradEx goes beyond conventional trading by offering a dedicated NFT marketplace. Users can explore and engage with trending Gamefi NFTs, adding a unique dimension to the platform's multifaceted services.

          Whether users are interested in spot trading, bot-assisted strategies, or the vibrant world of NFTs, BOXTradEx positions itself as a versatile and user-friendly exchange catering to a broad spectrum of cryptocurrency enthusiasts.

          Cryptocurrencies available

          On BOXTradEx, users have access to a range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies are traded on the platform, allowing users to take advantage of price fluctuations and potentially profit from market movements.

          It is important to note that cryptocurrency prices are influenced by various factors, including market demand, investor sentiment, and overall market conditions. As a result, prices on different exchanges can vary, and it is recommended for traders to compare prices across multiple platforms before making any trading decisions.

          In addition to cryptocurrency trading, BOXTradEx also offers other products and services. The platform provides users with educational resources such as online tutorials, webinars, and trading guides to support their learning and trading journey. It also offers user-friendly trading platforms, namely WebTrader and MobileTrader, which allow users to trade on both web and mobile devices.

          Overall, BOXTradEx provides traders with access to a variety of cryptocurrencies and offers additional resources and trading platforms to enhance their trading experience.

          Cryptocurrencies available

          Services

          BOXTradEx is dedicated to delivering an exceptional user experience, offering a comprehensive suite of services tailored to meet the diverse needs of users, whether they are beginners or seasoned traders.

          BOXTradEx VIP:

          BOXTradEx VIP is an exclusive premium service designed to provide members with a heightened trading experience. VIP members enjoy privileges such as exclusive access to new token listings, increased trading limits, lower trading fees, and dedicated customer support.

          LaunchPad:

          BOXTradEx LaunchPad is a platform offering early access to promising new cryptocurrency projects. Users can stake BOX tokens to participate in LaunchPad events, gaining allocations of new tokens and contributing to the success of emerging projects.

          Services

          Guild Certification:

          BOXTradEx Guild Certification recognizes and rewards high-quality GameFi guilds. Guilds meeting program criteria receive benefits like increased visibility, access to exclusive resources, and priority customer support.

          Open Support Ticket:

          BOXTradEx provides a robust support system, allowing users to submit support tickets online or via email. The platform ensures timely responses, with users typically receiving assistance within 24 hours.

          BOXTradEx APP

          BOXTradEx is a comprehensive blockchain exchange app offering a wide range of features.

          Users can easily locate and trade popular cryptocurrencies, explore the NFT marketplace for trending Gamefi NFTs, and connect with top GameFi, Game Guilds, and creators.

          The platform is dedicated to supporting NFTs from various chains, including WAX, Solana, BSC, PlatOn, Klaytn, ETH, Polygon, and AVAX. BOXTradEx's unified market allows for the seamless display and sale of NFTs across different blockchains.

          With a single account, users can efficiently manage various blockchain activities, making it a convenient one-stop solution for both novice and experienced users.

          BOXTradEx APP

          How to open an account?

          The registration process for BOXTradEx can be completed in six simple steps.

          1. Visit the BOXTradEx website and click on the “Sign Up” button to begin the registration process.

          2. Provide your personal information, including your name, email address, and phone number.

          3. Create a unique username and password for your account.

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

          5. Complete the identity verification process by submitting the required documents, such as a copy of your ID or passport.

          6. Once your identity is verified, your account will be activated and you can start trading on the BOXTradEx platform.

          How to Buy Cryptos?

          How to Buy Cryptocurrencies on BOXTradEx on PC

          • Create a BOXTradEx account: Visit the BOXTradEx website and click on the “Sign Up” button. Enter your email address, password, and country of residence. Then, verify your email address by clicking on the link that will be sent to you.

          • Complete the KYC process: To comply with regulatory requirements, BOXTradEx requires all users to complete the Know Your Customer (KYC) process. This involves verifying your identity by submitting a copy of your government-issued ID and proof of residency.

          • Deposit funds: Once your KYC is verified, you can deposit funds into your BOXTradEx account. You can do this using a variety of methods, including bank transfer, credit card, or cryptocurrency transfer.

          • Buy cryptocurrencies: Once you have funds in your account, you can start buying cryptocurrencies. To do this, navigate to the “Trade” tab and select the cryptocurrency you want to buy. Then, enter the amount you want to buy and click on the “Buy” button.

          • How to Buy Cryptocurrencies on BOXTradEx on Mobile App

            • Download the BOXTradEx app: Download and install the BOXTradEx app from the App Store or Google Play.

            • Create a BOXTradEx account: Open the BOXTradEx app and tap on the “Sign Up” button. Enter your email address, password, and country of residence. Then, verify your email address by clicking on the link that will be sent to you.

            • Complete the KYC process: To comply with regulatory requirements, BOXTradEx requires all users to complete the Know Your Customer (KYC) process. This involves verifying your identity by submitting a copy of your government-issued ID and proof of residency.

            • Deposit funds: Once your KYC is verified, you can deposit funds into your BOXTradEx account. You can do this using a variety of methods, including bank transfer, credit card, or cryptocurrency transfer.

            • Buy cryptocurrencies: Once you have funds in your account, you can start buying cryptocurrencies. To do this, tap on the “Trade” tab and select the cryptocurrency you want to buy. Then, enter the amount you want to buy and tap on the “Buy” button.

            • How to Buy Cryptos?

              Fees

              Maker Fees: BOXTradEx offers varying maker fees for different types of trading. For spot trading, the maker fee stands at 0.05%, while for margin trading, it increases to 0.075%, and for futures trading, it's set at 0.02%.

              Taker Fees: The taker fees on BOXTradEx also differ depending on the trading type. For spot trading, the taker fee is 0.1%, for margin trading, it's 0.175%, and for futures trading, it's 0.06%.

              Trading Type Maker Fee Taker Fee
              Spot Trading 0.05% 0.10%
              Margin Trading 0.08% 0.18%
              Futures Trading 0.02% 0.06%

              Deposit & Withdrawal

              BOXTradEx offers a range of deposit and withdrawal options, including credit card, bank transfer, and cryptocurrency transactions. While credit card deposits come with a 3.5% fee and bank transfer deposits with a 0.5% fee, specific withdrawal fees for these methods aren't detailed on the website, potentially raising concerns about transparency.

              For traders who prefer cryptocurrencies, BOXTradEx accommodates both deposit and withdrawal processes. Interestingly, the website doesn't specify deposit fees for cryptocurrency transactions, which could be appealing for traders seeking cost-effective options.

              Customer Support

              BOXTradEx provides customer support through its online system, allowing users to submit support tickets via the website or email. The platform is committed to timely responses, aiming to address user inquiries within 24 hours. However, specific contact phone information is not provided.

              Users can also stay updated on announcements and information through BOXTradEx's official Twitter account.

              Company Website: BOXTradEx Website

              Twitter: BOXTradEx Twitter

              Customer Support

              Is BOXTradEx a Good Exchange for You?

              BOXTradEx is the best exchange for emerging GameFi projects. BOXTradEx's LaunchPad platform provides early access to promising new GameFi projects, allowing users to participate in the growth of these projects from an early stage. This unique feature sets BOXTradEx apart from other exchanges and makes it an attractive platform for investors seeking exposure to the rapidly growing GameFi sector.

              BOXTradEx is a versatile trading platform that offers a wide range of cryptocurrencies and trading products. This makes it suitable for various target groups, including both experienced traders and beginners looking to enter the virtual currency market.

              Experienced traders who are knowledgeable about virtual currency trading and seek a reliable platform that offers a diverse range of cryptocurrencies can benefit from using BOXTradEx. The platform provides access to popular cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Litecoin, allowing experienced traders to take advantage of price fluctuations and potentially generate profits.

              For beginners who are new to virtual currency trading, BOXTradEx provides educational resources such as trading guides, video tutorials, and webinars to facilitate their learning and understanding of the market. These resources can help beginners gain knowledge and confidence in trading virtual currencies.

              Conclusion

              In conclusion, BOXTradEx is a virtual currency exchange that prioritizes security measures to protect its users and their assets. The platform offers a range of cryptocurrencies for trading, allowing users to take advantage of price fluctuations. It also provides educational resources and user-friendly trading platforms to enhance the trading experience. However, it is important to note that the extent and quality of the educational resources may vary, and user satisfaction can vary depending on individual experiences. Additionally, specific details regarding customer support availability and contact channels are not mentioned on the official website. Overall, while BOXTradEx offers various features and resources, users should conduct their own research and assess their own needs to determine if it is the right platform for them.

              FAQs

              Q: What cryptocurrencies are available for trading on BOXTradEx?

              A: BOXTradEx offers a range of cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin.

              Q: How long does it take to process deposits and withdrawals on BOXTradEx?

              A: The processing time for deposits and withdrawals on BOXTradEx can vary depending on the chosen method. Cryptocurrency transfers are usually processed almost instantly, while other methods like bank transfers may take a few business days.

              Q: What educational resources are available on BOXTradEx?

              A: BOXTradEx provides trading guides, video tutorials, and webinars to support users in their learning and trading journey.

              Q: Is boxtradex future trading platform?

              A: No. boxtradex is a one stop crypto exchange spot and bot trading (DCA+grid) and NFT Marketplace

              User Reviews

              User 1: “BOXTradEx provides a seamless interface and impressive liquidity. A wide range of cryptocurrencies to trade, responsive customer support, and robust security measures make it a top choice. Transparent fees and swift withdrawals enhance the experience.”

              User 2: “Disappointed with BOXTradEx's lack of transparency on withdrawal fees and questionable data protection practices. Limited order types, occasional interface glitches, and slow customer support response further detract from the trading experience.”

              Risk Warning

              Online 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.