Stoppage of Business

Score

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/10

Quebex

Canada

|

Stoppage of Business

5-10 years|

Common Financial Service License|

Suspicious Overrun|

High potential risk|

https://quebex.com/

Website

Rating Index
Influence

Influence

C

Influence Index NO.1

China 2.31

Better than 94.42% exchange(s)

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Influence
C

Licenses

FINTRAC

FINTRACExceeded

Common Financial Service License

Exchange Info

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Company Name
Quebex
Phone of the company
8886613358
Twitter
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Customer Service Email Address
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WikiBit Risk Alerts

3
Previous Detection 2024-03-29

This Exchange has ceased its operation, and it has been listed in WikiBit's shut down list of Exchange; please be aware of the risk!

The number of this Exchange's nagitive field survey reviews has reached 2, please be aware of the risk and the potential scam!

Common Financial Service License goes beyond their business with the licenses Canada FINTRAC (license number: M17947675), please be aware of the risk!

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Time Machine

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Aspect Information
Company Name Quebex
Registered Country/Area Canada
Founded Year 2016
Regulatory Authority FINTRAC (No.:M17947675 Status: Exceeded)
Number of Cryptocurrencies Available 10
Fees 0.08% - 0.1%
Payment Methods Bank transfer, Interac e-Transfer, Cash
Customer Support Email, live chat

Overview of Quebex

Quebex, a virtual currency exchange platform, is registered in the Canada and was founded in 2016. It operates under the regulatory authority of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC No.:M17947675 Status: Exceeded). Quebex offers cryptocurrencies, with 10 different options available for trading. While the platform charges a 0.08%-0.1% trading fee, additional fees apply for certain services. Quebex supports payment methods such as Bank transfer, Interac e-Transfer, Cash, providing users with convenient options for transactions. In terms of customer support, Quebex offers email and live chat services to assist users with any queries or concerns they have.

overview

Pros and Cons

Pros Cons
Convenient payment methods Regulation Exceeded
Email and live chat customer support Limited investment options

Pros

- Convenient payment methods: Quebex supports bank transfers and credit/debit card payments, providing users with convenient and widely accepted methods for depositing and withdrawing funds. This makes it easier for users to engage in transactions and manage their accounts.

- Email and live chat customer support: To provide its customers with a convenient, accessible, and cost-effective way to get help.

Cons

-Regution Exceeded: Regulated by Financial Transactions and Reports Analysis Centre of Canada (FINTRAC No.:M17947675), but the status shows “Exceeded”, this means that the BFX is out of regulation and could be a risk of money.

- Limited investment options:Quebex only offers a limited number of ETFs. This may not be enough for some investors to choice.

Regulatory Authority

The regulatory situation of the exchange indicates that it is It operates under the regulatory authority of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC No.:M17947675 Status: Exceeded). Traders should mitigate the risk of exceeding regulation. However, Trader can further research and gather additional information regarding the regulatory status and compliance of this exchange.

Regulatory Authority

Security

Quebex prioritizes security measures to protect user funds and personal information. The exchange implements industry-standard security protocols, such as encryption and two-factor authentication, to safeguard user accounts from unauthorized access. Quebex also keeps a significant portion of user funds in cold storage, offline wallets that are not connected to the internet, to prevent hacking attempts and mitigate the risk of theft. Additionally, Quebex regularly conducts security audits and assessments to identify and address any potential vulnerabilities in their systems. These security measures provide users with a secure trading environment and ensure the protection of their assets.

Cryptocurrencies Available

Cryptocurrencies available on Quebex include 10 different cryptocurrencies available for trading. This allows users to diversify their investment portfolio and potentially capitalize on emerging trends in the virtual currency market. These cryptocurrencies represent a wide range of market capitalizations and use cases, so users can choose the ones that best fit their investment goals. By offering a diverse selection of cryptocurrencies, Quebex allows users to diversify their investment portfolio and potentially capitalize on emerging trends in the virtual currency market.

How to Open an Account?

The registration process of Quebex involves the following six steps:

1. Visit the Quebex website and click on the “REGISTER” button.

2. Fill in your name, email address, password, create a account, and agree to the terms and conditions.

Open an Account

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

4. Complete the KYC (Know Your Customer) process by providing your personal information, such as your full name, email, and password.

5. Upload the necessary identification documents, such as a valid passport or driver's license, to verify your identity.

6. Once your account is verified, you can proceed to deposit funds and start trading on the Quebex platform.

It is important to ensure that all the information offered during the registration process is accurate and up-to-date to comply with regulatory requirements and to facilitate a smooth user experience.

Fees

Fee Description
Spot trading fees 0.1% for spot trading
Margin trading fees 0.08% per day
Withdrawal fees 0.0005 BTC

Quebex charges a maker-taker fee of 0.1% for spot trading. This means that if you make a market order, you will pay 0.1% of the trade value, and if you take a market order, you will pay 0.1% of the trade value. Quebex also charges a margin trading fee of 0.08% per day. This means that if you borrow money from Quebex to trade, you will pay 0.08% of the amount borrowed each day. Quebex does not charge any deposit fees. However, Quebex charges a withdrawal fee of 0.0005 BTC for Bitcoin withdrawals.

Payment Methods

Quebex accepts multiple payment methods, including Bank transfer, Interac e-Transfer, Cash, and various cryptocurrencies. Users can choose the payment method that is most convenient for them to deposit funds into their Quebex accounts.

Educational Resources

Quebex offers a range of educational resources and tools to assist users in expanding their knowledge and understanding of cryptocurrencies and blockchain technology. These resources include articles, tutorials, and guides, providing users with valuable information to make informed trading decisions. By offering educational materials, Quebex empower users with the necessary knowledge to navigate the cryptocurrency market effectively. It is worth noting that the availability and specific content of educational resources vary, and users can refer to the Quebex platform for the most up-to-date information.

Is Quebex a Good Exchange for You?

Quebex is a virtual currency exchange that offers a wide range of cryptocurrencies for trading. This can make it a suitable platform for different trading groups with specific needs and preferences. Here are some potential target groups:

1. Experienced traders: Quebex appeal to experienced traders who are familiar with virtual currency exchanges and have a good understanding of the market. These traders value a range of services and advanced trading features that Quebex potentially offers.

2. Investors seeking diversification: Quebex could be attractive to investors who are looking to diversify their investment portfolio by including virtual currencies. The platform's various services and potential cryptocurrency offerings provide opportunities for diversification.

3. Canadian Traders: Quebex's base in Canada and acceptance of payment methods like Interac e-Transfer make it particularly suitable for Canadian traders. Traders based in Canada can benefit from the convenience and familiarity of using local payment methods for their transactions on Quebex. Canadian traders consider the fees and processing times associated with each payment method to make the most cost-effective choices.

4. Risk-tolerant individuals: Given the limited information available, it is challenging to assess the risk profile of Quebex accurately. However, individuals with a higher risk tolerance who are willing to invest in virtual currencies despite the associated risks can find Quebex suitable.

5. Traders seeking a variety of trading options: Quebex appealing to traders who prefer to have access to a wide range of cryptocurrencies and trading options. The potential availability of multiple cryptocurrencies could provide opportunities for these traders.

It is important for traders to carefully consider their individual needs, risk tolerance, and investment goals when choosing a virtual currency exchange like Quebex. Conducting further research and due diligence can help traders make an informed decision that aligns with their trading objectives and preferences.

Conclusion

In conclusion, Quebex is a virtual currency exchange platform that offers cryptocurrencies for trading. The regulatory situation of the exchange indicates that it is It operates under the regulatory authority of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC No.:M17947675 Status: Exceeded). Quebex offers users with a convenient trading experience through its support for payment methods such as Bank transfer, Interac e-Transfer, Cash. The platform also offers customer support services through email and live chat. However, users should be aware of the 0.08%-0.1% trading fee for certain services. Overall, Quebex presents a diverse selection of cryptocurrencies and convenient payment options, but traders should carefully consider the associated fees before engaging in transactions.

Frequently Asked Questions (FAQs)

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

A: Quebex charges a maker-taker fee of 0.1% for spot trading. Quebex also charges a margin trading fee of 0.08% per day. And Quebex charges a withdrawal fee of 0.0005 BTC.

Q: Are there any educational resources available on Quebex

A: Yes.

Q: Does Quebex provide any mobile trading options?

A: At present, Quebex primarily focuses on providing a web-based platform for trading. Traders can access Quebex's platform through a compatible web browser on various devices, including smartphones and tablets, for convenient access to their accounts and trading activities.

Q: Is Quebex regulated?

A: Yes. It is regulated by Financial Transactions and Reports Analysis Centre of Canada (FINTRAC No.:M17947675 ), but the regulatory licenses are Exceeded.

User Review

User 1:

I've been using Quebex for a while now and I must say, their security measures are top-notch. I feel confident knowing that my data and funds are protected through encryption and two-factor authentication. The interface is also user-friendly, making it easy for me to navigate and execute trades. However, I wish they had more liquidity for certain cryptocurrencies as sometimes it can be a bit challenging to find the right trades. Overall, I'm satisfied with their customer support and the trading fees are reasonable.

User 2:

Quebex is a reliable exchange with great regulation and user support. They adhere to regulatory standards, which gives me peace of mind knowing that my transactions are in safe hands. The interface is clean and intuitive, making it easy to navigate and place orders. I appreciate the wide variety of cryptocurrencies available for trading, giving me plenty of options to diversify my portfolio. However, I've noticed that the trading fees can be a bit high compared to other exchanges. Nonetheless, the privacy and data protection measures put in place by Quebex are commendable. The deposit and withdrawal speed is generally fast, which is a plus. Overall, I'm satisfied with my experience on Quebex.

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. Traders can 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.