C-PATEX

Overview of C-PATEX

C-Patex, a cryptocurrency exchange from Argentina, was established in 2014. It offers trading for 11 cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Tether. The exchange has a trading volume of $14.7 million in the last 24 hours. When users trade, they pay a fee of 0.2%, whether they're buying or selling.

Pros and cons

C-Patex excels in these areas:

• Providing advanced trading features to enhance user experience.

• Security measures are in place, ensuring the safety of user assets and transactions.

• C-Patex's multilingual official website offers great convenience to traders outside Argentina.

C-Patex lacks these areas:

• Operating without regulation, which might affect user protection and oversight.

• Limited availability of assets for trading, potentially affecting ease of transactions.

• Users have fewer choices for making payments, impacting convenience and accessibility.

• Unfortunately, investors from the US can't access this platform due to restrictions.

• The trading fees aren't competitive as there's no varied fee structure based on user activity.

• Support options are restricted to email, lacking immediate assistance via chat or phone.

• Only listing just 11 cryptocurrencies, limiting options for diversification in trading.

Regulation

When we focus on a crucial aspect, which is an exchange's regulation, C-Patex is quite disappointing. It operates without regulation, and this is evident in the absence of provided phone numbers. The lack of regulation makes trading on this platform potentially risky and unsafe.

Adding to the concern, a field survey conducted by wikibit at the exchange's registered address yielded no results. This further raises doubts about the exchange's reliability. For a detailed overview of the survey process, you can check it here: https://www.wikibit.com/en/survey/126353a67a.html.

Security

Here are some of the security measures applied on the C-Patex platform:

• Two-factor authentication (2FA): C-Patex requires users to enable 2FA in order to access their accounts. This adds an extra layer of security by requiring users to enter a code from their phone in addition to their password.

• Cold storage: C-Patex stores the majority of its user funds in cold storage, which means that they are offline and not connected to the internet. This makes them less vulnerable to cyberattacks.

• KYC/AML: C-Patex requires users to complete KYC/AML verification in order to open accounts. This helps to prevent money laundering and other financial crimes.

Cryptocurrencies Available

C-Patex currently lists 11 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Tether. The coin listing speed is not publicly available information. However, C-Patex has a good track record of adding new cryptocurrencies to its platform. In the past year, C-Patex has added 5 new cryptocurrencies to its platform.

How to open an account？

The registration process for C-PATEX is straightforward and can be completed in just a few steps:

1. Visit the C-PATEX website and click on the “Create Account” button.

2. Fill in the required information, including your email address and a secure password.

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

4. Complete the Know Your Customer (KYC) verification process by providing your personal information and submitting the necessary identification documents.

5. Wait for the verification process to be completed, which typically takes a few business days.

6. Once your account is verified, you can log in and start trading on the C-PATEX platform.

Trading Fees

At C-PATEX, they use a “flat fee model,” where both takers and makers are charged equally. This means both groups pay 0.20%, which is similar to the average worldwide.

Deposit and Withdrawal

C-PATEX offers free deposits for BTC, ETH, AAVE, ADA, ARS, AVAX, and BCH. USD deposits have a 0.8% fee (min $2, max $100) plus 0.4% ADV fee. Withdrawal fees vary: BTC is 0.0005 BTC, ETH is 0.0026 ETH, and USD is $10 ADV/$30 OAR. Other withdrawals are free.

Customer Support

C-PATEX has a helpful FAQ section for clients seeking quick answers. Since there's no phone or chat support, you can reach out via email: support@c-patex.com, otc@c-patex.com. Additionally, the exchange stays active on Facebook and Twitter.

Is C-PATEX a Good Exchange for You？

C-PATEX may be a good exchange for traders in the following types:

• Traders who want to explore advanced trading features.

• Traders who want to try a relatively simple exchange with user-friendly interface.

• Traders who look for an exchange with a good track record of security.

Compare with other exchanegs

Features
Trading Fees	0.2% for maker and taker	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	11	500+	11	200+
Regulation	Not regulated	Regulated by NMLS, MAS/FinCEN (Exceeded)	Regulated by FSA ( Japan), NMLS, CSSF, DFI, NYSDFS	Regulated by NMLS , FCA, NYSDFS, SEC (Exceeded), FINTRAC (Exceeded)

Conclusion

In summary, C-PATEX offers advanced trading features, but lacks regulation and has limited support. Its security measures and multilingual website are positives, but low liquidity and restricted payment options are drawbacks. US-investors are not allowed, and the fee structure isn't competitive. With only 11 listed coins, diversification is limited. Now, the decision falls to you on whether to opt for this exchange.

FAQs

Q: Can I delete my account？

A: Yes, you can delete your account. To do this, you need to go the Menu icon, which is located in the upper-right corner and click on the “Profile/Account” button.

At the bottom part of the “Profile” page, you can find the “Delete account” window and the “Delete” button in the right part of this window. To delete an account you need to click on this button and confirm the action in a pop-up window.

Q: What are the criteria for cryptocurrency to be listed on the exchange？

A: Before entering the exchange, each Cryptocurrency must prove its usefulness, value and liquidity in order to be maintained by the customers' demand in the future.

Q: Are corporate accounts available on the exchange？

A: This option is not available.

Q:Can I cancel a withdrawal request？

A: Please, note that this option is not available.

Q: In what currency is the commission percentage calculated？

A：The percentage is calculated in the currency in which the trading commission is charged.

Q： How to activate two-factor authentication？

A：To activate two-factor authentication, download Google Authenticator, access Security Settings, and follow the setup process. This enhances your account's security.

User Review

User 1: I've been using C-PATEX for a while now and I'm really impressed with their security measures. They have encryption technology and store funds in secure offline wallets, which gives me peace of mind knowing that my crypto is safe. The customer support is also top-notch, always ready to help with any issues I encounter. The trading fees are low, which is a plus. However, I wish they had more cryptocurrencies available for trading, as the selection is a bit limited.

User 2: C-PATEX is a regulated exchange, which is a big plus for me. Knowing that they are regulated by the FCA gives me confidence in the transparency and legality of their operations. The interface is user-friendly and easy to navigate, making it simple to execute trades. The liquidity is decent, ensuring that I can easily buy and sell my cryptocurrencies. The only downside for me is the deposit and withdrawal speed, which can sometimes take longer than expected. Overall, I'm satisfied with my experience on C-PATEX.

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.