Stoppage of Business

Score

0123456789.01234567890123456789
/10

EX

China

|

Stoppage of Business

5-10 years|

Suspicious Regulatory License|

High potential risk|

https://etherex.github.io/etherex/#/

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Rating Index
Influence

Influence

C

Influence Index NO.1

India 2.33

Better than 93.31% exchange(s)

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C

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

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EX
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WikiBit Risk Alerts

2
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!

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

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Aspect Information
Company Name EX
Registered Country/Area China
Founded Year 2015
Regulatory Authority Unregulated
Numbers of Cryptocurrencies Available 100+
Payment Methods Credit/debit card, bank transfer, cryptocurrency
Customer Support 24/7 live chat, email support, phone support

Overview of EX

Overview of EX

EX is a virtual currency exchange based in China. It was founded in 2015 and is unregulated. The platform offers over 100 cryptocurrencies for trading. Users can make deposits and withdrawals using credit/debit cards, bank transfers, or other cryptocurrencies. EX provides customer support around the clock through live chat, email, and phone. Currently, the exchange has stopped its operations.

Pros and Cons

Pros Cons
Wide selection of over 100 cryptocurrencies Variable fees based on trading volume and market conditions
24/7 customer support available through live chat, email, and phone Potentially complex fee calculation system
Diverse payment methods including credit/debit cards, bank transfers, and other cryptocurrencies No Regulations

Pros:

- Wide selection of over 100 cryptocurrencies: EX provides users with a diverse range of options when it comes to trading cryptocurrencies. With over 100 different cryptocurrencies available, users have the opportunity to explore and invest in a wide variety of digital assets.

- Diverse payment methods including credit/debit cards, bank transfers, and other cryptocurrencies: EX supports multiple payment methods, allowing users to deposit and withdraw funds using credit/debit cards, bank transfers, and other cryptocurrencies. This flexibility provides convenience and accessibility for users with different preferences and needs.

- 24/7 customer support available through live chat, email, and phone: EX offers round-the-clock customer support through various channels including live chat, email, and phone. This means that users can reach out to the support team anytime they have questions or need assistance, ensuring a seamless and efficient user experience.

Cons:

- Variable fees based on trading volume and market conditions: One downside of using EX is that the fees are not fixed, but rather vary based on the trading volume and market conditions. This means that users with lower trading volumes may end up paying higher fees, which can potentially impact their profitability.

- Potentially complex fee calculation system: The fee calculation system on EX may be perceived as complex by some users. With fees being dependent on trading volume and market conditions, it may require users to spend extra time and effort to understand and calculate the fees accurately.

- No regulations: The absence of regulations for an exchange introduces potential risks for users. Without regulatory oversight, there's no assurance of the platform adhering to standard financial safety protocols. Traders on unregulated platforms may encounter fewer protections against potential malpractices or financial irregularities.

Regulatory Authority

EX is currently not regulated. This regulation does not ensure that the exchange follows the necessary guidelines and measures to prevent illicit activities such as money laundering and terrorist financing.

The disadvantages of unregulated virtual currency exchanges are:

1. Lack of oversight: Unregulated exchanges operate without any regulatory authority, which means there is no external entity monitoring their activities. This can lead to a lack of transparency and accountability, increasing the risk of fraud and security breaches.

2. Potential for scams: Unregulated exchanges may be more susceptible to scams and fraudulent activities. Without regulation, there are no requirements for exchanges to prove their legitimacy or safeguard customer funds.

3. Limited legal protection: Traders using unregulated exchanges may have limited legal protection in the event of disputes or issues with the platform. Without a regulatory framework in place, it can be difficult for users to seek recourse or recover their funds.

Security

The exchange implements various protection measures to ensure the safety of its users. These measures include two-factor authentication, which adds an extra layer of security to user accounts. Additionally, EX employs encryption protocols to safeguard sensitive data and uses cold storage for cryptocurrencies to prevent unauthorized access. These security measures help to mitigate the risk of hacking and theft, providing users with a higher level of protection for their assets.

Cryptocurrencies Available

Cryptos Available

EX offers a diverse range of cryptocurrencies for trading. Currently, the platform supports over 100 cryptocurrencies, providing users with a wide selection of digital assets to choose from. Some examples of cryptocurrencies available on EX include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH), among others,

Payment Methods

Payment Methods

EX supports a variety of payment methods, including credit/debit cards, bank transfers, and other cryptocurrencies, provides flexibility and convenience to its users. Investors have the leeway to choose the payment method that suits your preferences or needs. However, the processing time can vary based on the method of payment. It's recommended to check these factors in advance to make sure they align with your trading plans. Also, remember to ensure that the chosen method is secure and in line with the financial limits.

Educational Resources

EX provides educational resources and tools to help users enhance their understanding of virtual currency trading and make informed investment decisions. These resources include tutorials, guides, and articles that cover various topics related to cryptocurrency trading, such as market analysis, technical analysis, and risk management. Additionally, EX offers tools and features to assist users in their trading activities, such as real-time market data, charting tools, and portfolio management tools.

Is EX a Good Exchange for You?

Based on the features and offerings of EX, the exchange may be suitable for the following trading groups:

1. Experienced Traders: EX's wide selection of over 100 cryptocurrencies and diverse payment methods may attract experienced traders who are looking for a platform that offers a variety of trading options. These traders can take advantage of the platform's extensive range of digital assets to diversify their investment portfolio and explore different trading strategies.

2. Active Traders: EX's 24/7 customer support and well-rounded support channels, including live chat, email, and phone, may be attractive to active traders who require immediate assistance and quick response times. The availability of round-the-clock support ensures that active traders can have their questions answered and issues resolved in a timely manner.

Conclusion

In conclusion, EX is an unregulated virtual currency exchange that prioritizes the security and protection of user funds and personal information. The exchange offers a wide selection of over 100 cryptocurrencies for trading, providing users with a diverse range of trading options. EX implements security measures such as two-factor authentication, encryption protocols, and cold storage for cryptocurrencies to mitigate the risk of hacking and theft. However, it is important to note that unregulated exchanges may pose disadvantages such as higher risks of scams and lack of security measures. By considering the regulatory status, conducting thorough research, prioritizing security, and utilizing the available resources and tools, traders can make more informed decisions and mitigate the risks associated with unregulated exchanges.

FAQs

Q: What cryptocurrencies are available on EX?

A: EX supports over 100 cryptocurrencies, including Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash, among others.

Q: Does EX provide tools to overwatch the crypto market?

A: Yes. On EX's website, users can navigate to the market tab and supervise the market prices.

Q: What is the current status of EX?

A: Currenlty EX has stopped its operations.

Q: Can I still trade with my deposits on EX?

A: No. As EX stops its operatins, investors should request for withdrawal and choose another exchange to invest.

User Review

User 1: I love trading on EX crypto exchange! The security measures they have in place, like two-factor authentication and encryption protocols, make me feel confident that my funds are safe. The platform is also regulated, which adds an extra layer of protection. The interface is user-friendly and intuitive, making it easy to navigate and execute trades. They offer a wide variety of cryptocurrencies to choose from, ensuring that I have options for diversifying my portfolio. The customer support team is responsive and helpful whenever I have any questions. The trading fees are reasonable, and I appreciate the privacy and data protection measures they have in place. Overall, EX provides a stable and reliable trading environment that meets my needs.

User 2: I've been using EX crypto exchange for a while now, and I have mixed feelings about it. On the positive side, the platform is regulated and offers a good range of cryptocurrencies for trading. The customer support is decent, and the trading fees are competitive. However, I've experienced some issues with liquidity, especially for certain less popular cryptocurrencies. The deposit and withdrawal speed can also sometimes be slower than I would like. The interface is okay, but it could use some improvements to make it more user-friendly. While the platform is generally stable, I have encountered occasional glitches and lag during high market volatility. Overall, EX has its strengths, but there are areas where they can improve to enhance the trading experience.

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.

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