DRAGONEX

Overview of DRAGONEX

DragonEx, founded approximately 5-10 years ago, is a cryptocurrency exchange operating in Singapore. Operating without regulatory oversight, it offers a diverse selection of over 200 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and more. Despite its high trading volume exceeding $1 billion daily and a market capitalization exceeding $100 million, DragonEx lacks regulatory status, raising concerns about security and transparency. Users are advised to exercise caution, conduct thorough research, and follow security best practices, including using strong passwords and hardware wallets. The exchange charges trading fees ranging from 0.10% to 0.20% and deposit/withdrawal fees, varying by cryptocurrency.

Pros and cons

Security

To enhance the security of their accounts, users are advised to follow best practices in securing their own virtual currency holdings. This includes using strong and unique passwords, enabling two-factor authentication, and regularly monitoring their account activity for any suspicious transactions.

Additionally, users should consider storing their cryptocurrencies in secure wallets or offline storage devices rather than keeping them on the exchange platform. Hardware wallets or cold storage options offer an extra layer of security by keeping the private keys offline, thus reducing the risk of unauthorized access.

Cryptocurrencies Available

DragonEx offers over 200 cryptocurrencies. Here are some examples of cryptocurrencies that are available on DragonEx: Bitcoin (BTC) \ Ethereum (ETH) \ Tether (USDT) \ Litecoin (LTC) \ Dogecoin (DOGE) \ Binance Coin (BNB) \ Ripple (XRP) \ Cardano (ADA) \ Solana (SOL) \ Terra (LUNA)

DragonEx typically lists new cryptocurrencies within a few weeks of their initial release. DragonEx's prices are generally in line with the market average. DragonEx has a daily trading volume of over $1 billion. DragonEx's market capitalization is over $100 million.

How to open an account？

The registration process of DragonEx can be described in six steps as follows:

1. Visit the DragonEx website and click on the “Sign Up” button to begin the registration process.

2. Fill in the required information, including your email address, password, and any additional verification steps that may be required, such as two-factor authentication.

3. Agree to the terms and conditions of DragonEx and proceed to the next step.

4. Complete the identity verification process by submitting the necessary documents, which may include a valid ID, proof of address, and/or a selfie for verification purposes.

5. Once your identity has been verified, you will receive a confirmation email or notification indicating the successful completion of the registration process.

6. Log in to your DragonEx account using your registered email address and password to access the platform and begin trading.

Fees

DragonEx charges a trading fee of 0.20% for takers and 0.10% for makers. There are no maintenance fees or other fees.

Payment Methods

DragonEx charges a fee for both depositing and withdrawing funds. The deposit fee is 0% for all fiat currencies and 0.0005 BTC for BTC. The withdrawal fee varies depending on the cryptocurrency being withdrawn, but is typically a fixed amount. For example, the withdrawal fee for BTC is 0.001 BTC.

Compare to Other similar Brokers

DragonEx offers over 200 cryptocurrencies, fees of Maker: 0.10% and Taker: 0.20%, and no minimum amounts. While Binance boasts 500+ cryptocurrencies with slightly lower Maker and Taker fees (0.04%), they offer a free $100 in BTC for new users. Coinbase offers 100+ cryptos, requiring a $20 minimum and charging higher fees (Maker: 0.50%, Taker: 0.50%), but provides $10 in free BTC for new users. Kraken offers 50+ cryptocurrencies, a $50 minimum, and fees of Maker: 0.16% and Taker: 0.26%, with no promotions.