Dex-Trade Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange ?

A cryptocurrency exchange, sometimes known as a crypto exchange, is an online marketplace where users may purchase, sell, and trade different cryptocurrencies. It functions as a market place where investors and individuals can trade cryptocurrencies for fiat money like the US dollar, the euro, or other conventional currencies.

Users must fill out any required identification verification forms and register an account on the exchange by submitting their personal information. Users who have registered can add money to their exchange accounts. They can deposit conventional fiat currency or use cryptocurrencies they already have.

The monies in users’ accounts can then be used to make purchase and sell orders for various cryptocurrencies. They have the option to select the cryptocurrency they want to buy or sell as well as the asking price for the transaction.

Based on the set pricing, the platform of the exchange matches buy and sell orders from various users. A trade is carried out and the appropriate cryptocurrencies are transferred between the parties when a buy order and a sell order are matched.

What Is Dex-Trade Crypto Exchange ?

Dex-Trade is a centralized cryptocurrency exchange founded in 2017 and registered in Belize. This is a modern space for safe and comfortable trading with minimal commissions. Dex-Trade is a universal exchange for both beginners and professional traders. The minimum spread and high liquidity in order books allow you to trade efficiently with orders of any volume. Along with global opportunities, the exchange also provides a demo trading mode for risk-free testing of your trading strategies. Our dedicated support team is online 24/7 to assist you with any questions. If you are looking for listing and promotion options with Dex-Trade please visit our Listing page and a personal manager will help you to utilize our proven tools and intelligent market-making system to engage with the vast exchange community in the best possible way.

Dex-Trade Crypto Exchange Quick Facts

How To Register At Dex-Trade Exchange?

To register on Dex-Trade, click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

Dex-Trade Exchange Supported Countries

Dex-Trade Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.

Exceptions are the US, China, Japan and countries in the Middle East. Syria and North Korea are also countries whose nationals cannot trade on Dex-Trade.

How To Verify Your Dex-Trade Cryptocurrency Account ?

There is no mandatory verification at Dex-Trade, but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Dex-Trade, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At Dex-Trade Crypto Exchange?

There are two main options for topping up your balance on Dex-Trade. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From Dex-Trade Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your Dex-Trade Account ?

There are several steps you can take to help secure your Dex-Trade account and protect your funds:

1. Use Strong Passwords: For your Dex-Trade account, come up with a strong, one-of-a-kind password. An effective password combines capital and lowercase letters, numbers, and special characters. Do not include details that are simple to guess, such as birthdays or everyday terms.
2. Enable two-factor authentication (2FA): Two-factor authentication (or 2FA) adds an additional layer of protection by requiring a second method of verification in addition to your password. Through authenticator apps like Google Authenticator or Authy, Dex-Trade most likely supports 2FA. To stop illegal access to your account, enable 2FA.
3. Secure Your Device : Ensure the security of the device you’re using to access Dex-Trade. To guard against such weaknesses, keep your operating system, browser, and security software up to date.
4. Phishing Attacks to Avoid: Be wary of emails, messages, and websites that ask for your account information through phishing tricks. Verify the URL twice at all times, and only visit the official Dex-Trade website.
5. Bookmark the Official Website: Create a bookmark for the official Dex-Trade website and use it to visit the platform to prevent falling for phishing attacks. Do not click on links contained in emails or messages.
6. Monitor Account activities: Keep track of all transactions and account activities. Change your password as soon as you become aware of any unauthorized or suspicious activity, and get in touch with Dex-Trade support.
7. Be Cautious of Phishing Scams: Be wary of emails, messages, or phone calls that ask for your personal information or account details. Dex-Trade will never ask you for your password or 2FA code. Always double-check the URL of the website you are logging in to and make sure it is the official Dex-Trade website.
8. By taking these steps, you can help protect your Dex-Trade account and reduce the risk of unauthorized access to your funds.

Fees taken when buying virtual currency

Dex-Trade Trading fees

The one thing we can’t stress enough is that you must always check the trading fees at the exchange you want to trade at. Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers make the liquidity in a market and takers remove this liquidity by matching makers’ orders with their own.

Dex-Trade charges 0.20% for takers. Makers, however, pay only half that: 0.10%. These fees are definitely acceptable and in line with industry averages.

Dex-Trade Withdrawal fees

Many exchanges have low trading fees but then on the way out hit you with their high withdrawal fees. Dex-Trade charges 0.0005 BTC for BTC-withdrawals. The global industry average BTC-withdrawal fee is 0.00053 BTC per each BTC-withdrawal according to this report, so Dex-Trade is slightly lower than the average fee rate.

Deposit Methods

This exchange accepts fiat currency wire transfer deposits. But, only if you deposit USD. This means that you can’t deposit the EUR, the GBP or any other fiat currency other than the USD, there. In any event, the exchange qualifies as an “entry-level exchange”, enabling new crypto traders to take their first steps into the crypto world at this platform. Credit card deposits are however not possible.

How To Contact Dex-Trade Customer Support Team?

If you need help with your Dex-Trade account or have any questions, you can contact Dex-Trade customer support through the following methods:

Check out the official website: Visit the official Dex-Trade website. A “Contact Us” or “Support” link should be visible. This is typically seen in the website’s header, footer, or a separate area.

Find Contact Information: Once you are on the contact or support page, you may find a variety of ways to contact the company, including email addresses, phone numbers, or a contact form.

Use email: If you come across an email address, you can use it to send a message outlining your problem or query. To ensure that the support team is able to comprehend your concern, be sure to include pertinent and in-depth information.

Phone Support: You can call the support staff directly if a phone number is provided. Remember that their support team’s working hours and time zone may vary depending on where they are located.

No matter which method you choose, be sure to provide as much detail as possible about your issue or question so that Dex-Trade customer support can assist you efficiently.

Features Of Dex-Trade Crypto Exchange

Fast

They say time is money, so no need to wait for your order to be completed and have your funds in lock position

Convenient

The easy intuitive interface allows you to process your exchange in a matter of a few clicks.

Vast Choice

The quick exchange function is available for each and every coin and token that is listed on Dex-Trade exchange

High bonuses

Get additional bonuses from projects by becoming an early adopter

Low pricing

All IEO tokens are offered at a discount rate that beats the market

Initial Coin Offering

Learn about pros and cons of the new altcoins before they get picked up on the trading floor

Dex-Trade loves security

Dex-Trade is a centralized cryptocurrency exchange founded in 2017 in Belize

Data privacy

We value each and every member of our community and keep this data safe

Support

We strive to be there for you 24/7, helping you along every step of your crypto trading journey

Features

Unmatched liquidity, early access to most wanted altcoins, crypto demo trading, play to earn games, amazing community, and much more

Dex-Trade Good Or Bad Points

Dex-Trade is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. Here are some potential good and bad points of using Dex-Trade:

Good points:

1. Security: Security should be given first priority by a reliable bitcoin exchange. Consider two-factor authentication (2FA), keeping the majority of your money in cold storage, and frequent security assessments.
2. User-Friendly Interface: Trading is made simpler, especially for beginners, by a user-friendly and straightforward interface.
3. Variety of Coins: Access to a wide range of trading cryptocurrencies might be advantageous because it gives you access to a range of investing alternatives.
4. High liquidity : High liquidity makes it possible to acquire and sell cryptocurrencies without experiencing substantial price changes.
5. Trading Options: A reputable exchange ought to provide a range of trading choices, including futures trading, margin trading, and spot trading.

Bad points:

1. Lack of Regulation: It can be harmful for users if an exchange operates in a regulatory gray area or doesn’t adhere to pertinent legislation.
2. Inadequate Security Measures: If the exchange is not properly secured, your money may be at risk of being taken in a hack.
3. Limited User service: When users run into issues, poor customer service can leave them irritated and helpless.
4. Low Liquidity: Low liquidity might make it harder to complete trades at the prices that you want, and it might also be a sign that something isn’t very popular.

Is Dex-Trade Is Safe Platform To Trade ?

Verify if the platform is overseen by a credible financial regulator in the nation where it is located. Regulatory control can give dealers some accountability and protection. Look for details on the security procedures used by the platform. Encryption, two-factor authentication (2FA), and other security measures should be present on a secure platform to safeguard user payments and information.

Look up user opinions and platform experiences. Platforms having a history of unfavorable comments or reports of shady activity should be avoided. A trustworthy trading platform ought to be open and honest regarding its personnel, owners, and internal workings. Transparency issues can be cause for concern.

Verify whether the platform provides helpful customer assistance. This may be a sign of the platform’s dedication to resolving user issues. Make that the trading volume and liquidity on the platform are adequate. Low liquidity may make it difficult to complete trades and may even result in price manipulation.

Dex-Trade Conclusion

Dex-Trade is a trustworthy and user-friendly cryptocurrency exchange that offers traders and investors a number of services. For individuals wishing to purchase, sell, or keep cryptocurrencies, it is a desirable alternative due to its minimal trading costs, staking opportunities, and security features. Additionally, its affiliate program and community involvement provide users with more chances to earn incentives and make connections with like-minded others.

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