| Aspect | Information |
|---|---|
| Company Name | XREX |
| Registered Country/Area | China Taiwan |
| Founded Year | 2-5 years |
| Regulatory Authority | Unregulated |
| Cryptocurrencies Available | Over 100 cryptocurrencies including Bitcoin, Ethereum, Tether, etc. |
| Fees | Trading fees based on volume, deposit/withdrawal fees for fiat and crypto |
| Payment Methods | Bank transfer, Credit card, SWIFT, ACH, Cryptocurrency |
| Customer Support | Email: info@xrex.io, Twitter (@xrexinc), Facebook (@xrexinfo) |
Overview of XREX
XREX, founded in China Taiwan within the last 2-5 years, operates as an unregulated cryptocurrency exchange. Operating under the abbreviation XREX, it provides access to over 100 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and more. While offering a wide range of digital assets, XREX lacks clear security details, raising concerns about user fund protection. The platform's fees begin at 0.20% for trading volumes up to $60,000 USD, gradually decreasing with higher volumes. Deposit fees for fiat transactions are 0.05%, while cryptocurrency deposits are free. Withdrawal fees vary by cryptocurrency, with minimum withdrawal amounts for each.
Pros and cons
| Pros | Cons |
|---|---|
| Over 100 cryptocurrencies | High fees |
| Maker: 0.18%, Taker: 0.20% | Not regulated by any financial authority |
| Supports a variety of deposit and withdrawal methods | Anonymous trading possible |
| Fiat currency trading | The fees for deposits and withdrawals can be high |
| Offers a variety of trading options and order types | Some of the trading options and order types may be confusing for beginners |
Security
XREX does not provide any specific details or information regarding the security measures in place to protect user funds and sensitive data. It is important for users to exercise caution and consider the lack of information on security measures when choosing a virtual currency exchange. It is recommended that users prioritize exchanges that provide transparent information about their security measures, such as robust encryption protocols, multi-factor authentication, and cold storage for funds. These security measures can help mitigate the risk of unauthorized access and potential breaches, ensuring the safety of user assets.
Cryptocurrencies Available
XREX supports over 100 cryptocurrencies, including: Bitcoin (BTC) \ Ethereum (ETH) \ Tether (USDT) \ XRP (XRP) \ Binance Coin (BNB) \ USD Coin (USDC) \ Cardano (ADA) \ Solana (SOL) \ Polkadot (DOT) \ Dogecoin (DOGE) \ Avalanche (AVAX)
The prices of the cryptocurrencies on XREX range from $0.26 to $27,000. The 24-hour trading volume of the cryptocurrencies on XREX ranges from $100 million to $10 billion. The market capitalization of the cryptocurrencies on XREX ranges from $100 million to $1 trillion.
How to open an account？
The registration process on XREX involves the following steps:
Visit the XREX website and click on the “Get Started” button.
2. Fill out the registration form with your personal information, including your name, email address, and desired password.
3. Verify your email address by clicking on the verification link sent to your registered email.
4. Complete the Know Your Customer (KYC) process by providing the required identification documents, such as a government-issued ID and proof of address.
5. Wait for the verification process to be completed, which usually takes a few business days.
6. Once your account is verified, you can start trading and using the services offered by XREX.
Fees
The fee starts at 0.20% for a volume of 0-60,000 USD and decreases as the volume increases. For example, if your 30-day USD trading volume is 100,000 USD, then your trading fee will be 0.18%.
| Level | 30 days USD Volume | Taker Fee | Maker Fee |
|---|---|---|---|
| 1 | 0-60,000 | 0.20% | 0.18% |
| 2 | ≥ 60,000-75,000 | 0.18% | 0.16% |
| 3 | ≥ 75,000-90,000 | 0.17% | 0.14% |
| 4 | ≥ 90,000-105,000 | 0.16% | 0.12% |
| 5 | ≥ 105,000-120,000 | 0.15% | 0.10% |
| 6 | ≥ 120,000-135,000 | 0.14% | 0.08% |
| 7 | ≥ 135,000-150,000 | 0.13% | 0.06% |
| 8 | ≥ 150,000-500,000 | 0.12% | 0.04% |
| 9 | ≥ 500,000-2,000,000 | 0.11% | 0.03% |
| 10 | ≥ 2,000,000-6,000,000 | 0.10% | 0.02% |
| 11 | ≥ 6,000,000-8,000,000 | 0.09% | 0.01% |
| 12 | ≥ 8,000,000-10,000,000 | 0.08% | 0.00% |
| 13 | ≥ 10,000,000-12,000,000 | 0.07% | 0.00% |
| 14 | ≥ 12,000,000-15,000,000 | 0.06% | 0.00% |
| 15 | ≥ 15,000,000 | 0.05% | 0.00% |
Payment Methods
XREX charges a 0.05% fee on fiat deposits, with a minimum fee of $8 and a maximum fee of $300. There are no deposit fees for cryptocurrencies. Fiat withdrawals are charged a 0.1% fee, with a minimum fee of $30 and a maximum fee of $300. The withdrawal fees for cryptocurrencies vary depending on the cryptocurrency, but they are typically around 0.001% of the withdrawal amount. The minimum withdrawal amount for cryptocurrencies is also different for each cryptocurrency, but it is typically around 0.0001 BTC.
For example, if you deposit $1000 USD into XREX, you will be charged a fee of $0.50. If you withdraw $100 USD from XREX, you will be charged a fee of $0.10. If you withdraw 0.001 BTC from XREX, you will be charged a fee of 0.000001 BTC.
| Payment Method | Buy | Sell | Add Cash | Cash Out | Speed |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | 1-3 business days |
| Credit card | Yes | Yes | Yes | Yes | Instant |
| SWIFT | Yes | Yes | Yes | Yes | 1-3 business days |
| ACH | Yes | Yes | Yes | Yes | 1-3 business days |
| Cryptocurrency | Yes | Yes | Yes | Yes | Instant |
Compare to Other similar Brokers
XREX offers a selection of over 100 cryptocurrencies and charges fees of 0.18% for makers and 0.20% for takers. In comparison, Coinbase provides a similar cryptocurrency range but with higher fees (0.50% maker, 0.40% taker). Binance boasts over 500 cryptocurrencies with lower fees (0.04% maker, 0.04% taker), while Kraken offers a more modest selection (over 60) with fees of 0.16% for makers and 0.20% for takers. XREX requires a minimum account deposit of $10, Coinbase and Binance have higher account minimums of $25 and none respectively, while Kraken sets its minimum at $200. Notably, XREX and Kraken lack promotions, while Binance offers a referral program.
| Feature | XREX | Coinbase | Binance | Kraken |
|---|---|---|---|---|
| Cryptocurrencies | Over 100 | Over 100 | Over 500 | Over 60 |
| Fees | Maker: 0.18%, Taker: 0.20% | Maker: 0.50%, Taker: 0.40% | Maker: 0.04%, Taker: 0.04% | Maker: 0.16%, Taker: 0.20% |
| Account minimum | $10 | $25 | None | $200 |
| Promotions | None | None | Refer a friend | None |
