ICRYPEX 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 and traders may buy, sell, and trade different cryptocurrencies. These exchanges make it possible to convert cryptocurrencies between each other and to trade cryptocurrencies for fiat money, such as US dollars, euros, etc.

The different trading pairings, or combinations of cryptocurrencies that can be traded against one another, are listed on cryptocurrency exchanges. Users can exchange Bitcoin for Ethereum and vice versa using the Bitcoin/Ethereum trading pair, for instance.

They serve as digital markets where buyers and sellers can exchange cryptocurrency. When two users’ orders to purchase or sell a certain cryptocurrency at a particular price match, a transaction is made.

Centralized and decentralized exchanges are the two main categories. While decentralized exchanges (DEXs) operate without a central authority and rely on smart contracts to permit trading directly between users, centralized exchanges (CEXs) are run by businesses or organizations and oversee the order matching process.

What Is ICRYPEX Crypto Exchange ?

Welcome to ICRYPEX , where the future of finance is being reimagined through cutting-edge cryptocurrency and digital asset solutions. Since inception in Istanbul in 2018, have swiftly risen to become Turkey’s leading corporate cryptocurrency exchange, serving millions of users, and now set to expand our global footprint. Holding a VASP license in two European Union countries and facilitating EUR, USD, TRY, RUB transfers, and more, ICRYPEX stands at the forefront of the crypto revolution, fostering innovation, accessibility, and trust.

ICRYPEX Crypto Exchange Quick Facts

How To Register At ICRYPEX Exchange?

To register on ICRYPEX , 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.

ICRYPEX Exchange Supported Countries

ICRYPEX 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 ICRYPEX .

How To Verify Your ICRYPEX Cryptocurrency Account ?

There is no mandatory verification at ICRYPEX , 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 ICRYPEX , Revolut platforms.

How To Buy Crypto Or Deposit Crypto At ICRYPEX Crypto Exchange?

There are two main options for topping up your balance on ICRYPEX . 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 ICRYPEX 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 ICRYPEX Account ?

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

1. Use a Strong and Unique Password : Make a strong password by combining numbers, capital and lowercase letters, and special characters. Useless information like birthdays or frequent nouns should be avoided. Make sure the password you use for iCRYpex is distinct from the ones you use for other platforms.
2. Enable Two-Factor Authentication (2FA) : Two-factor authentication, which adds an additional level of protection, is probably available with iCRYpex. This usually entails getting a code by email or mobile device, which you must provide in addition to your password when signing in.
3. Use a Secure Email Address : Your iCRYpex account’s email address needs to be secure and protected by a strong password. It’s frequently possible to reset passwords on several sites by having access to your email.
4. Beware of Phishing Attempts : Be wary of emails, messages, or links that request that you click on them to access sensitive information or other types of links. Always double-check an iCRYpex communication’s legitimacy before acting on it.
5. Secure Your Device : Make sure the computer or other device you use to access your iCRYpex account is secured with the most recent security updates and antivirus software. Avoid logging in on public computers or networks.
6. Regularly Update Software : Maintain the most recent version of your operating system, web browser, and any other software you use. These upgrades frequently come with security patches that can shield against flaws.
7. By taking these steps, you can help protect your ICRYPEX account and reduce the risk of unauthorized access to your funds.

Fees taken when buying virtual currency

How To Contact ICRYPEX Customer Support Team?

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

Check out the official website: A “Contact Us,” “Support,” or “Help” section should be there. This is typically found on a specific page or in the website’s header or footer.

Email: Verify whether the customer service department has a provided email address. You can write a letter outlining your problem or request, then submit it to the given email address.

Phone: Check their website for a phone number for customer service. Call them if you can to speak with a representative about your concern.

Social media: View ICRYPEX’s official profiles on sites like Twitter and Facebook. Companies occasionally offer customer service via their social media pages as well.

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

Features Of ICRYPEX Crypto Exchange

Trading Pairs

The majority of exchanges provide users with a selection of trading pairs that let them trade one cryptocurrency for another. Popular cryptocurrencies like Bitcoin, Ethereum, and others may be represented in these pairs.

User Interface

An intuitive and user-friendly interface that enables users to manage their portfolio, see charts, and place trades.

Security Measures

Strong security features are used to protect users’ dollars and data, including two-factor authentication (2FA), cold storage for money, encryption, and frequent security audits.

Liquidity

The presence of enough liquidity guarantees that consumers may purchase or sell cryptocurrencies with ease and without experiencing substantial price changes.

Advanced Order Types

A variety of order types, including market, limit, stop-loss, and more, to support diverse trading

Charting and Analysis Tools

Advanced charting tools and technical analysis indicators are available to help traders make well-informed selections.

Mobile App

A mobile application that enables users to manage their accounts, trade while on the go, and get alerts.

Customer service

Prompt customer service to help users with any problems or questions they might have.

Fiat-Crypto Onramps/Offramps

These features let customers add and remove fiat money (such as USD or EUR) to and from the exchange, allowing them to purchase or sell cryptocurrencies using conventional cash.

ICRYPEX Good Or Bad Points

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

Good points:

1. User-Friendly Interface: Both novice and seasoned traders can trade more easily and navigate the platform more easily with the help of a well-designed and user-friendly interface.
2. Security precautions: A trustworthy exchange should place a high priority on protecting customer funds and private data. Look for features like cold storage of funds and two-factor authentication (2FA).
3. Variety of Cryptocurrencies: A wide range of consumers and trading tactics can be attracted by a diverse assortment of cryptocurrencies.
4. Liquidity: An exchange with high liquidity might offer smoother trading conditions and closer bid-ask spreads.
5. Customer Support : When using the platform, responsive and efficient customer service is essential in case you run into any problems.

Bad points:

1. Security worries: Information about security lapses and hackers might be worrying because user funds may be lost as a result.
2. Lack of Regulation: Users may face risks in terms of legal protection and accountability if exchanges operating in countries with lax or ambiguous legislation.
3. Limited capabilities: For experienced traders, some exchanges may lack sophisticated trading capabilities and tools.
4. Deposit and Withdrawal Problems: Difficulties or delays with deposits or withdrawals of money can be upsetting and interfere with your trading experience.
5. Hidden costs: Exorbitant or covert costs can eat away at your profits and reduce the profitability of trading.

Is ICRYPEX Is Safe Platform To Trade ?

Verify the platform’s licensing and regulation from the appropriate financial authorities. This can give some comfort that it is legitimate. Investigate the platform’s security practices. This includes frequent security audits, two-factor authentication (2FA), cold storage for money, and encryption.

Look up user evaluations and comments about the application. This can help you get understanding of other traders’ experiences. A trustworthy platform should be open and honest about its personnel, location, and business practices.

Transparency issues may be cause for concern. Verify whether the platform provides quick and dependable customer assistance. This is crucial in the event that you run across difficulties when trading.

Recognize how the platform charges for its services. Some platforms might have unstated charges that could reduce the profitability of your trade. Review the deposit and withdrawal procedures. Complex procedures or delays may be signs of upcoming issues.

ICRYPEX Conclusion

At ICRYPEX, we believe in fostering well-informed trades, and in supporting this, we’ve gathered a team of cryptocurrency experts ready to assist you at any hour. Our commitment to round-the-clock customer support ensures you’ll never face the crypto journey alone.

But we’re more than just an exchange. ICRYPEX takes pride in giving back to society. We passionately support sports, nurture young athletes, promote education, and raise financial literacy levels, making a meaningful impact on the lives of many.