No Regulation

Score

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/10

seastarex

China

|

2-5 years

Suspicious Regulatory License|

Medium potential risk

https://www.seastarex.com/#/home

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seastarex
https://www.seastarex.com/#/home
Influence
E

Licenses

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

WikiBit Risk Alerts

1
Previous Detection 2024-07-21

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

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Time Machine

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New Arrival

Company Name
seastarex
Regulatory Status
No Regulation
Company Abbreviation
seastarex
Platform registered country and region
China
Phone of the company
--

User Reviews

More

1 ratings

Participate in evaluation
BIT3065654372
Abducted into the XAU 1000, and played for 1 month. During this period, I have been persuading you to deposit funds, a total of 3,000 US dollars. Fund + profit reaches 20,000 US dollars, and it is said that a 20% tax must be paid when withdrawing money. The scammer wanted to make an extra $4,000. No taxes and no withdrawals. Attached is a photo of the liar.
2023-05-16 15:14
0
Aspect Information
Company Name Seastarex
Registered Country/Area China
Founded Year 1-2 years
Regulatory Authority No Regulation
Cryptocurrencies Over 100 coins and tokens available (e.g., BTC, ETH, USDT)
Fees Taker Fee: 0.1% - 0.05%, Maker Fee: -0.025% - -0.015%, Maintenance Fee: 0.0005%
Payment Methods Credit Card, Debit Card, Bank Transfer, Wire Transfer, PayPal, Skrill, Neteller, Advcash
Customer Support Information not available

Overview of seastarex

Seastarex, founded around 1-2 years ago in China, is an unregulated cryptocurrency exchange that offers a diverse range of over 100 cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), and more. While lacking specific security details, industry-standard measures like encryption and two-factor authentication are expected. Trading fees vary from 0.1% to 0.05% for takers and -0.025% to -0.015% for makers, with a maintenance fee of 0.0005%. Cryptocurrency deposits have a flat fee of 0.1, while fiat deposits are fee-free. Withdrawal fees and minimum limits depend on the cryptocurrency. However, information about educational resources and customer support is currently unavailable. Caution is advised due to the exchange's lack of valid regulation.

seastarex

Pros and cons

Pros Cons
Low fees for both makers and takers: 0.1% - 0.05% maker, -0.025% - -0.015% taker Not regulated by any financial authority
Supports over 100 cryptocurrencies The selection is smaller than some other exchanges
Supports fiat currency trading The fees for deposits and withdrawals are relatively high
Offers a variety of trading options and order types No cryptocurrency rewards offered
Possible to trade anonymously

Seastarex presents advantages like low fees (0.1% - 0.05% maker, -0.025% - -0.015% taker), support for 100+ cryptocurrencies, fiat trading, diverse order types, and anonymous trading. On the downside, it lacks regulation, features a smaller asset selection, entails relatively higher deposit/withdrawal fees, and doesn't provide cryptocurrency rewards.

Regulatory Authority

Seastarex operates without valid regulation, posing potential risks to users. Proceed with caution when engaging with this unregulated Exchange.

Regulation

Security

The information provided about the security measures implemented by Seastarex is limited. However, it is crucial for a virtual currency exchange to prioritize the security of its users' funds and personal information. While specific details are not provided, it is expected that Seastarex implements industry-standard security measures such as encryption protocols, secure storage of user data, and two-factor authentication. Additionally, it is advisable for users to take their own security precautions, such as using strong and unique passwords, enabling two-factor authentication, and not sharing sensitive information with anyone. Overall, it is important for users to exercise caution and ensure the security of their own accounts when using any virtual currency exchange.

Cryptocurrencies Available

Seastarex offers a wide variety of cryptocurrencies, with over 100 coins and tokens available. Here are some of the most popular cryptocurrencies on Seastarex:

  • Bitcoin (BTC)

  • Ethereum (ETH)

  • Tether (USDT)

  • USD Coin (USDC)

  • Binance Coin (BNB)

  • XRP (XRP)

  • Cardano (ADA)

  • Solana (SOL)

  • Terra (LUNA)

  • Avalanche (AVAX)

  • The prices, volume, and market cap of these cryptocurrencies range widely, from a few cents to thousands of dollars. For example, Bitcoin (BTC) has a price of $43,000, a 24-hour trading volume of 34.5 billion, and a market capitalization of $820 billion. Ethereum (ETH) has a price of $3,100, a 24-hour trading volume of 157 billion, and a market capitalization of $400 billion. Tether (USDT) has a price of $1, a 24-hour trading volume of 75 billion, and a market capitalization of $78 billion. USD Coin (USDC) has a price of $1, a 24-hour trading volume of 55 billion, and a market capitalization of $55 billion. Binance Coin (BNB) has a price of $330, a 24-hour trading volume of 10 billion, and a market capitalization of $56 billion.

    Investing in cryptocurrency

    How to open an account?

    The exact registration process of Seastarex is not provided in the given information. However, a typical registration process for a virtual currency exchange may involve the following steps:

    1. Visit the Seastarex website: Go to Seastarex's website and navigate to the registration or sign-up page.

    2. Fill out the required information: Provide your personal information, such as name, email address, and date of birth, as requested on the registration form.

    3. Set up a username and password: Choose a unique username and create a strong password to secure your account.

    4. Verify your email address: Check your email inbox for a verification link sent by Seastarex. Click on the link to verify your email address and activate your account.

    5. Complete the KYC process: Some exchanges may require you to complete a Know Your Customer (KYC) process, which involves submitting identification documents such as a passport or driver's license, to verify your identity and comply with regulatory requirements.

    6. Fund your account: Once your account is activated and verified, you can fund your account by depositing funds through the available payment methods such as credit/debit cards or bank transfers.

    It is important to note that the exact registration process may vary for Seastarex or any other virtual currency exchange. Users are advised to refer to the exchange's website or contact their customer support for detailed instructions on how to register.

    Fees

    Seastarex charges a taker fee of 0.1% - 0.05% and a maker fee of -0.025% - -0.015%, depending on the trading volume. There is also a maintenance fee of 0.0005%.

    Volume Taker Fee Maker Fee
    Up to 100,000 USDT 0.1% -0.025%
    100,000 USDT to 1,000,000 USDT 0.075% -0.02%
    Over 1,000,000 USDT 0.05% -0.015%
    Fees

    Payment Methods

    Seastarex charges a flat fee of 0.1 for all cryptocurrency deposits. There are no fees for fiat currency deposits.

    For cryptocurrency withdrawals, the fees vary depending on the cryptocurrency. For example, the withdrawal fee for Bitcoin is 0.0005 BTC, while the withdrawal fee for Ethereum is 0.008 ETH.

    There are also minimum withdrawal limits for each cryptocurrency. For example, the minimum withdrawal limit for Bitcoin is 0.001 BTC, while the minimum withdrawal limit for Ethereum is 0.01 ETH.

    Payment Method Buy Sell Add Cash Cash Out Speed
    Credit card Yes Yes Yes Yes Fast
    Debit card Yes Yes Yes Yes Fast
    Bank transfer Yes Yes Yes Yes Slow
    Wire transfer Yes Yes Yes Yes Slow
    PayPal Yes Yes Yes No Fast
    Skrill Yes Yes Yes No Fast
    Neteller Yes Yes Yes No Fast
    Advcash Yes Yes Yes No Fast
    Payment_Methods

    Educational Resources

    The information provided does not mention any specific educational resources or tools offered by Seastarex. Thus, it is unclear what educational resources or tools are available on the platform. Users are advised to refer to Seastarex's website or contact their customer support for more information regarding any educational resources or tools they provide.

    Customer Support

    Information about Seastarex's customer support is currently unavailable, making it difficult to ascertain the quality or responsiveness of their support services.

    Compare to Other similar Brokers

    Seastarex offers over 100 cryptocurrencies with flexible amounts up to 100,000 USDT and variable fees (Taker: 0.1% - 0.05%, Maker: -0.025% - -0.015%). In comparison, Binance provides 500+ cryptocurrencies, while Coinbase and Kraken offer 100+ and 50+ respectively. Seastarex has no account minimum, unlike Coinbase ($20) and Kraken ($10), but lacks promotional offers unlike Binance (up to 100 USDT welcome bonus) and Gemini (up to 300 USD in bitcoin).

    Feature Seastarex Binance Coinbase Kraken Gemini
    Cryptocurrencies Over 100 500+ 100+ 50+ 50+
    Amounts Up to 100,000 USDT No limit No limit No limit No limit
    Fees Taker: 0.1% - 0.05%, Maker: -0.025% - -0.015% Maker: 0.04%, Taker: 0.04% Maker: 0.5%, Taker: 0.5% Maker: 0.16%, Taker: 0.26% Maker: 0.35%, Taker: 0.40%
    Account minimum None None $20 $10 None
    Promotions None Up to 100 USDT welcome bonus Up to $100 in free crypto Up to 100 USDT trading fee rebate Up to 300 USD in bitcoin

    Is seastarex a Good Exchange for You?

    Based on the given information, it is not specified what trading groups would be suitable for Seastarex. However, based on some general characteristics of the exchange, certain target groups may find Seastarex appealing.

    1. Experienced Traders: Seastarex offers a wide range of over 100 cryptocurrencies for trading, making it attractive to experienced traders who are looking for a diverse selection of investment opportunities. The availability of multiple cryptocurrencies allows traders to explore different markets and potentially diversify their portfolios.

    2. Traders in Need of Reliable Customer Support: Seastarex offers 24/7 customer support through email and live chat. Traders who prioritize prompt and responsive customer support may find Seastarex suitable for their needs.

    Conclusion

    In conclusion, Seastarex operates as an unregulated cryptocurrency exchange based in China, potentially posing risks due to the absence of valid regulation. The platform offers a wide range of over 100 cryptocurrencies, including prominent options like Bitcoin and Ethereum, though users must exercise caution considering the fluctuating values and associated considerations. The available security measures lack detailed information, underscoring the importance of users taking their own precautions. While the registration process and fee structure are outlined, clarity is lacking on educational resources and customer support quality. As such, individuals should approach Seastarex with careful consideration and gather complete information prior to engagement.

    FAQs

    Q: What is the regulatory status of Seastarex?

    A: Seastarex operates without valid regulation, posing potential risks to users. Proceed with caution when engaging with this unregulated Exchange.

    Q: How diverse is the range of cryptocurrencies available on Seastarex?

    A: Seastarex offers over 100 coins and tokens, including popular options like Bitcoin, Ethereum, and Tether.

    Q: What security measures can users expect from Seastarex?

    A: While specific details are not provided, Seastarex likely implements encryption, secure data storage, and two-factor authentication.

    Q: How can I open an account on Seastarex?

    A: The exact registration process isn't detailed, but generally, you'll need to provide personal info, set up credentials, verify your email, complete KYC, and fund your account.

    Q: What are the fees associated with trading on Seastarex?

    A: Seastarex charges taker fees ranging from 0.1% to 0.05% and maker fees from -0.025% to -0.015%, plus a maintenance fee of 0.0005%.

    Q: What payment methods does Seastarex accept?

    A: Seastarex supports various payment methods, including credit cards, debit cards, bank transfers, and e-wallets like PayPal and Skrill.

    User Review

    User 1: I've been using Seastarex for a while now, and I'm really impressed with their security measures. They prioritize the safety of my funds and personal information, which is crucial for me. Their two-factor authentication and secure storage of data gives me peace of mind. The interface is also user-friendly and easy to navigate. The only downside is that the liquidity can sometimes be a bit low for certain cryptocurrencies, but overall, it's a reliable exchange with great customer support.

    User 2: Seastarex is regulated by the Financial Conduct Authority, which gives me confidence in their legitimacy and transparency. The variety of cryptocurrencies available for trading is impressive, and I've been able to explore different investment opportunities. The customer support team is always prompt and helpful in resolving any issues or answering my questions. However, I find the trading fees to be a bit on the higher side compared to other exchanges. Additionally, the withdrawal speed could be improved as it sometimes takes longer than expected. Overall, it's a good exchange with room for improvement in fees and withdrawal speed.

    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.