Dex Trade Review – Fees, Supported Coins & Countries, Payment Methods
Torsten Hartmann
What you'll learn 👉
Dex-Trade Overview
Navigating the dynamic landscape of cryptocurrency exchanges can be a daunting task, with numerous platforms vying for your attention. Among these, Dex-Trade.com has emerged as a noteworthy contender, sparking interest and curiosity among crypto enthusiasts worldwide.
In this comprehensive Dex-Trade review, we delve into the platform’s offerings, scrutinizing its features, pricing, and more to answer the burning question on everyone’s mind: “Is Dex-Trade legit?”
From its user-friendly interface to its diverse crypto offerings, Dex-Trade has made a significant impact in the crypto exchange space. But does it live up to the hype? Let’s embark on this analytical journey to uncover the truth about Dex-Trade, providing you with the insights you need to make informed decisions in the fast-paced world of digital currencies.
| 📝 Content | 🔍 Details |
|---|---|
| 💰 Pricing | DexTrade charges trading fees of 0.2% for makers and 0.1% for takers, which aligns with the market average. There’s no information on the website about deposit or withdrawal limits. Crypto deposits are free of charge, while withdrawal fees vary depending on the cryptocurrency. For example, it’s 0.0005 BTC per BTC withdrawal. |
| 📋 Features | DexTrade offers various features including spot trading with over 140 trading pairs, an Initial Exchange Offering (IEO) launch area, staking (currently in beta), and games to help beginners interact with cryptocurrencies. They also occasionally offer free coins. |
| 👍 Pros | DexTrade is beginner-friendly with an easy registration process and no mandatory KYC. It supports over 70 cryptocurrencies, including all major coins. The platform also offers a mobile app for both iOS and Android. |
| 👎 Cons | As of the time of writing, margin trading, futures, and derivatives features are still being developed. Fiat deposits are not available, only crypto-based deposits and withdrawals are possible. The platform is not available in the United States, the Crimea region, Cuba, Iran, Iraq, North Korea, Sudan, and Syria. |
Dex-Trade is widely popular exchange since it has more than 150,00 active users. Furthermore, Dex-Trade is a trustworthy exchange that pays a lot of attention to security – it has a security certificate from SecExpert and a GDPR certificate.
The goal of the platform is to be suitable for both beginner and experienced traders. The best way to do this is to have a beginner-friendly interface with spot trading (suitable for beginners), and advanced trading features such as staking or margin trading (suitable for experienced traders). So, this is exactly what Dex-Trade tries to do, although, at the time of writing, margin trading, futures, and derivatives features are still being developed by the Dex-Trade’s team.
In this article, we will go through Dex-Trade’s features, supported coins, deposits, withdrawals, fees, supported countries, safety, regulations, and many others factors about the exchange. So, without further ado, let’s jump into details.
Services & Features
Spot exchange
If you want to do spot trading with Dex-Trade, just click on the “trade” button and then on the “spot trading” button. Dex-Trade supports more than 140 trading pairs such as BTC/USDT, ETH/USDT, ETH/BTC, SOL/USDT, BNB/USDT, and many others.
When you select a pair, you can see a pretty standard data – price movement in the last 24 hours (in %), high and lows in the same period, and 24-hour volume.
Dex-Trade IEO
Dex-Trade offers IEO (Initial Exchange Offering) launch area. In fact, this is a token launch platform for perspective projects where you can see the name of the project, tokens amount offered, available currencies, start and end time.
Staking
Dex-Trade offers staking as well. However, at the time of writing, the staking feature is still in the beta version and there is not much to be seen in that section. It seems that only Qtum (QTUM) is available for staking (at least for now) with the estimated annual earning of 0.065%. This is so low earning rate that I believe the team just put it there as a placeholder until the feature is officially established.
Games
On Dex-Trade, you can play games as well and the purpose of the feature is to allow beginners to fill the interact with cryptocurrencies. There is a demo account for every game.
Some of the games you can play are Flip Flop, Predictor, Scissors Paper Rock, and Keno.
Free coins
From time to time, Dex-Trade will offer some free coins as well. Each free currency has its own limit on the amount that you can receive in one session. Some of the coins available were ARMX, MER, XBT, and VITC.
Dex-Trade supported coins
Dex-Trade supports more than 70 cryptocurrencies which is a decent number. Even more importantly, Dex-Trade supports all the major coins such as Bitcoin, Ethereum, Ripple, Litecoin, Tether, Solana, Chainlink, Binance Coin, Dogecoin, Ethereum Classic, Polygon, and many others.
Dex-Trade deposits & withdrawals (Fees, Methods, Limits)
At the time of writing, you can deposit only crypto to your Dex-Trade account, so fiat deposits are not available. Crypto deposits are free of charge.
When it comes to withdrawals, only crypto-based ones are available as well. Fees are in line with the market’s average here and it varies from crypto to crypto. For example, it is 0.0005 BTC per BTC-withdrawal.
Finally, there is no info on the website about the deposit or withdrawal limits. In general, Dex-Trade did a pretty poor job on transparency when it comes to withdrawal and deposits.
Dex-Trade Trading Fees
Trading fees (maker and taker) are 0.2% and 0.1% respectively. These are in line with the market’s average. Furthermore, there are no ways for the trading fees to be lower (like for example if your trading volume is high).
Dex-Trade supported countries
Dex-Trade is available almost worldwide except in the United States of America, the Crimea region, Cuba, Iran, Iraq, North Korea, Sudan, and Syria.
How to start with Dex-Trade? (steps like registration, activation, verification, etc).
Registration and activation with Dex-Trade is a super easy process. All you need to do is to provide your email and password and then active your email with the link they sent you to your inbox. The whole process is done within 2 minutes.
Once you are done with registration, you need to activate 2FA (2-factor authentication) before using any of the services.
Does Dex-Trade require KYC?
No, as far as I saw, Dex-Trade does not have a mandatory KYC (Know Your Customer) verification system. Most crypto traders will like this.
However, there is a KYC system on Dex-Trade and you can verify your account if you want to. The withdrawal limit without verification is 1 BTC per 24h, so in general, you do not have to verify your account unless you are an experienced trader and have a bigger balance to withdraw.
Does Dex-Trade have a Native Token?
Yes, Dex-Trade does have a native token – DXC coin. If you decide to buy DXC, you can receive:
- Benefits in the referral program
- Participation in a private club
- Vote
- Access to new listings before other traders
- Conversion of illiquid small assets into a liquid token and many other
DXC was launched with a maximum supply of 21 million coins and a starting price of $21.
Is Dex-Trade legit and safe?
Yes, when you take into account that the exchange has been around long enough and that it has a large user base with no reported hacks – you can say it is legit and safe. The main goal of Dex-Trade (as per their team) is to provide a secure, reliable, and stable environment for digital assets trading through its mobile application and web interface.
Is Dex-Trade Regulated?
I could not find any information online on whether Dex-Trade is a regulated exchange or not. When this is the case, I would assume the exchange is not a regulated platform.
Conclusion
Dex-Trade is definitely a legit crypto exchange that has been around for a long time (launched in 2017). What I like the most about Dex-Trade are two things – its various innovative features and an extremely easy-to-use interface. I say innovative since features like playing games, free coins, or IEO you can’t find on the majority of Dex-Trade’s main competitors.
However, the platform has its negative sides as well. The thing I did not like the most is that Dex-Traders’s help center does not provide almost any information about deposit and withdrawals limits and payment methods.
Nevertheless, the team around Dex-Trade seems to be very ambitious and has some serious plans for the future (such as staking or margin trading) so I would not be surprised if in a few years’ time Dex-Trade is right up there with the most popular crypto exchanges in the world.
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FAQ
Hi Torsten I’m with dex trade and I invested in carechain on advice from my financial advisor,I made 350.000 dollars and seemingly gly the profits where transferred to my coinbase but I recieved an email saying to withdraw this amount I have to deposit 22.000 thousand pounds have you heard of this kind of thing before.
Thanks
Joe
Yes, I did. It is one of the oldest scams in crypto. Don’t deposit anything and seek other ways to try and get your money off the exchange. However, know that chances are slim you will succeed. It’s bear market, all shady and obscure exchanges and platforms are going out of business. Keep your money in your own wallets or in the largest exchanges (not recommended but still better than on shady no-name platforms).