DEX-TRADE

What is DEX-TRADE？

DEX-TRADE is a cryptocurrency exchange that started in 2017 and is based in Chile. It lets cryptocurrency traders trade more than 330 cryptocurrencies, like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Binance Coin (BNB). About $10 million worth of trading happens on the exchange in a day. DEX-TRADE doesn't charge a lot for trading – 0.2% for takers and 0.1% for makers.

Pros and cons

Security

DEX-TRADE offers a number of security and storage measures to protect its users' funds. These measures include:

• Cold storage: DEX-TRADE keeps the majority of its users' funds in cold storage, which means that they are stored offline in encrypted wallets. This makes them much less vulnerable to hackers.
• Multi-signature wallets: DEX-TRADE uses multi-signature wallets for some of its hot wallets. This means that multiple signatures are required to authorize a transaction, which makes it more difficult for unauthorized individuals to access funds.
• Two-factor authentication (2FA): DEX-TRADE requires users to enable 2FA for their accounts. This adds an extra layer of security by requiring users to enter a code from their phone in addition to their password to log in.
• IP whitelisting: DEX-TRADE allows users to whitelist certain IP addresses. This means that only users who log in from these IP addresses will be able to access their accounts.
• Security audits: DEX-TRADE has undergone several security audits by independent security firms. This helps to ensure that the exchange's code is secure and that there are no vulnerabilities that could be exploited by hackers.

Cryptocurrencies available

DEX-TRADE offers more than 330 cryptocurrencies. The exchange's website lists 333 coins as of March 8, 2023. This makes DEX-TRADE one of the most diverse exchanges in terms of the number of cryptocurrencies it supports.

Here is a list of the top 10 cryptocurrencies by market capitalization that are supported by DEX-TRADE: Bitcoin (BTC) / Ethereum (ETH) / Tether (USDT) / Binance Coin (BNB) / USD Coin (USDC) / XRP / Terra (LUNA) / Cardano (ADA) / Solana (SOL) / Avalanche (AVAX)

The coin listing speed of DEX-TRADE is relatively slow, especially for new coins. The exchange typically takes 3-6 months to list a new coin, and the process can be even longer for coins that are not well-known or do not have a large market capitalization.

Feature	Details
Average listing time	3-6 months
Maximum listing time	12 months
Due diligence process	Rigorous
Resources	Limited
Demand	High

How to open an account with DEX-TRADE？

The registration process for DEX-TRADE can be completed in 6 simple steps:

1. Visit the DEX-TRADE website and click on the “Sign Up” button.



2. Fill out the registration form with your personal information, including your full name, email address, and password.



3. Agree to the terms and conditions of the exchange by checking the appropriate box.

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

5. Complete the identity verification process by providing the necessary documents, such as a government-issued ID and proof of address.

6. Wait for the verification process to be completed. Once approved, you can start trading on the DEX-TRADE platform.

How to Buy Cryptos？

Purchasing cryptocurrencies on Dex-Trade typically involves a straightforward process through their online platform:

1. Access Dex-Trade Platform: Begin by visiting the Dex-Trade website and logging into your account. If you don't have an account, you may need to sign up and complete any necessary verification steps.

2. Navigate to “Buy Crypto” or Similar Section: Once logged in, locate the section on the platform that facilitates buying cryptocurrencies. This might be labeled as “Buy Crypto” or something similar and is usually accessible from the main dashboard or navigation menu.

3. Select Cryptocurrency and Payment Method: Choose the cryptocurrency you want to buy from the available options. Afterward, select your preferred payment method. Dex-Trade may support various methods such as bank transfers, credit/debit cards, or other payment options depending on your region.

4. Enter Purchase Details: Specify the amount or quantity of the chosen cryptocurrency you wish to purchase. Dex-Trade may provide real-time market prices to assist you in making informed decisions.

5. Review and Confirm: Carefully review your purchase details, including the amount, total cost, and payment method. Confirm that all information is accurate before proceeding.

6. Payment Process: Follow the prompts to complete the payment process. Depending on your chosen payment method, you may need to enter relevant financial information or go through additional security measures.

7. Confirmation and Wallet: After a successful purchase, Dex-Trade typically provides confirmation of the transaction. The cryptocurrency you bought should be reflected in your Dex-Trade wallet on the platform.

Fees

DEX-TRADE charges a maker-taker fee structure for trading. Makers are those who place limit orders, while takers are those who place market orders. The maker fee is 0.1%, while the taker fee is 0.2%. This means that if you place a limit order and it is filled, you will pay a 0.1% fee. If you place a market order and it is filled, you will pay a 0.2% fee.

DEX-TRADE also promotes a VIP levels programme. VIP Levels are a tiered system that grants you access to an array of benefits on Dex-Trade based on your trading volume or DXU token balance.

The trading fees on this platform vary based on different levels and trade turnover. VIP traders with higher turnover enjoy lower fees. For example, VIP traders with turnover above ￥1000 have fees ranging from 0.072% to 0.0144% for limit/market orders, with further discounts for DXU trading. The lowest fees are for VIP4 traders with a ￥30 turnover, at 0.06% for limit orders and 0.012% for market orders.

Level	Trade Turnover	BTC Balance	Limit Market	Limit Market (DXU Discount)
VIPO	0	30	0.1%/0.2%	0.09%/0.18%
VIP1	20.1	210	0.09%/0.18%	0.081%/0.162%
VIP2	31	100	0.08%/0.016%	0.072%/0.0144%
VIP3	15	500	0.07%/0.014%	0.063%/0.0126%
VIP4	230	>1000	0.06%/0.012%	0.0486%/0.009729

Deposit & Withdrawal

Deposit & Withdrawals on DEX-TRADE exchange can be done through various cryptocurrencies. DEX-TRADE does not charge any deposit fees for any cryptocurrency. However, there may be network fees associated with depositing cryptocurrency to DEX-TRADE, which are charged by the blockchain network itself. These fees can vary depending on the congestion on the network.

For example, BCY (BitCrystals) on MAINNET has a deposit fee of 0.1% and a withdrawal fee of 50 fixed or 60 minimal. Coins like BDA (Beeuda), BDGR (Black Dracos Resources Companies Inc.), BDOT (BITDOTCOIN), BEFX (Belifex), and BETK (BEI TOKEN) have no deposit fees and a 0.1% withdrawal fee, with minimal withdrawal fees ranging from 10 to 150. Coins like BETON (BETONTRC), BFT (Bitfine), and BG (Bit Gold) (ERC 20) have no deposit fees and a 0.1% withdrawal fee, with minimal withdrawal fees of 3.5, 20, and 24.194 respectively. BIGB (BighBull Technosoft LLP) has a 0.1% deposit fee and a withdrawal fee of 1.25 fixed or 1.25 minimal.

Is DEX-TRADE a Good Exchange for You？

Dex-Trade stands out as a favorable exchange for various trader profiles. Its extensive offering of over 330 cryptocurrencies caters to those who value diversity in their investment portfolio. For users keen on earning rewards through staking, Dex-Trade provides a staking service, enhancing the platform's appeal for individuals seeking passive income opportunities. The inclusion of spot trading and demo trading features caters to traders looking for both practical experience and skill development. Additionally, for those who prioritize swift assistance, Dex-Trade's commitment to a quick response from their customer support team adds another layer of appeal for users seeking efficient and reliable service. DEX-TRADE is a good exchange for traders in the following aspects:

• Traders who love diversified a range of cryptocurrencies, 330 + options to choose from.
• Traders who care about the reward staking thing.
• Traders who are interested in spot trading and demo trading
• Traders who prioritize quick response from customer support team

Compare DEX-TRADE with other exchanges

Features
Trading Fees	Maker: -0.01%, Taker: 0.0.3%-0.1%	Maker: 0.04%, Taker: 0.075%	Maker: 0.05% - 0.1%, Taker: 0.1% - 0.5%	Up to 0.40% maker fee and up to 0.60% for taker fee
Cryptocurrencies	330+	500+	11	200+
Regulation	No regulated	Regulated by NMLS, MAS/FinCEN (Exceeded)	Regulated by FSA ( Japan), NMLS, CSSF, DFI, NYSDFS	Regulated by NMLS , FCA, NYSDFS, SEC (Exceeded), FINTRAC (Exceeded)