FINEXBOX

Overview of FINEXBOX

FinexBox and the mobile apps issued under FinexBox are wholly owned and operated by a subsidiary company of FINEXBOX GROUP LIMITED,(no relationship with BITMEX), a Republic of Seychelles incorporated entity or its relevant authorized affiliates.

The virtual currency exchange FINEXBOX offers consumers a platform to trade more than 180 cryptocurrencies. Users can access and trade on the platform from any device with an internet connection because it is a web-based exchange.

Pros and cons

Pros:

Low fees: Compared to other exchanges, Finexbox's maker and taker fees of 0.2% each are relatively reasonable.

Numerous cryptocurrencies are supported by Finexbox, including Tether, Litecoin, Ethereum, and Bitcoin, among more than 100 others.

Quick withdrawal processing: Withdrawals from Finexbox are normally completed in within 24 hours.

User-friendly design: Finexbox features an intuitive design that is simple to use for both novice and seasoned traders.

Cons:

Lack of margin trading: Finexbox does not offer margin trading, a service that is provided by accountsher exchanges.

Slow customer assistance: Some users have complained about Finexbox's customer help, which they claim is slow and unresponsive.

No deposits in fiat money: Finexbox does not accept deposits in fiat money, which can be a hassle for users who want to purchase cryptocurrencies with fiat money.

Regulatory Authority

Currently, there is no governing body that oversees FINEXBOX. This indicates that there is no external oversight or supervision of the exchange's operations. For traders, the absence of regulation might be perceived as a drawback because it might cause them to worry about the safety and protection of their capital.

Without regulatory oversight, there is a higher risk of fraudulent activities, hacking attempts, and mismanagement of funds. Traders may not have the same level of legal protection and recourse in case of any issues or disputes with the exchange. Additionally, the lack of regulation may result in poor market integrity and volatility, making it more challenging for traders to navigate the market with confidence.

Security

FinexBox uses a combination of cold and hard wallets to store users' assets. The cold wallets are stored in a secure, undisclosed location with round-the-clock security and routine checks as an added layer of protection. No major security breaches have been registered on the trading platform.

Users can activate two-factor authentication (2FA) to add an extra layer of security to their account and get notified of any scam alerts. Moreover, users cannot withdraw funds unless 2FA is enabled on the platform. The steps for activating 2FA are listed below:

Download the Google Authenticator app from the Apple Store or the PlayStore.

Scan a QR code on your devices to generate a new code.

Here is a step-by-step guide to manually activating 2FA on the FinexBox trading platform:

Log into your FinexBox account and scroll the exchanges API documentation.

Copy the API key.

Go to the CoinStats Portfolio tab and select “Connect Exchange.”

Choose FinexBox and paste the API key in the provided section.

You can now monitor and securely trade all your cryptocurrencies and DeFi holdings from one platform. Additionally, users can trade from multiple accounts/wallets on the most popular exchanges and earn up to 20% APY on their crypto investments from one convenient dashboard.

The CoinStats secure portfolio tracker app has over 1.5 million active users worldwide. The platform is used for managing $500+ billion worth of crypto and has handled over 500 million transactions and trades so far. Users can keep track of 20,000+ coins and get 24/7 live reports on the crypto market via the CoinStats app.

Cryptocurrencies available

• More than 200 cryptocurrencies, including well-known ones like Bitcoin Cash (BCH), Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC), TRON (TRX), Ethereum Classic (ETC), Monero (XRM), and others, are supported by FinexBox.

• On FinexBox, alternative coins like Dash (DASH), Fetch.ai (FET), Skycoin (SKY), Ravencoin (RVN), etc. are all supported. The trading site also accepts uncommon and exotic cryptocurrencies, such as Smile (SMILE), Nexalt (XLT), Zclassic (ZCL), and others that are not supported by other platforms. According to the exchange's Twitter feed, new cryptocurrencies are frequently added to the platform.

• Over 241 trading pairs are available on the site, including ETH/BTC, LTC/BTC, NEO/BTC, DASH/BTC, FNB/BTC, ZEH, and BTC, among others. OMC/USDT, ARV/USDT, ECO/USDT, and PUML/USDT are some of the USDT pairs. REW/ETH, DXF/ETH, ZUR/ETH, FREE/DOGE, USDU/EURU, USDU/GPB, and others are other pairings.

• The biggest pair on the site is ETH/BTC.

• FinexBox excels at offering traders a wide array of coins to trade, this includes TRON, Polygon, and Crypto.com Coin. Clients can improve their strategies by utilizing the coins, which are available after signing up.



Fees

• Finexbox offers the most liquid order book in the world, allowing users to easily exchange Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO, and many other digital assets with minimal slippage.

• This could involve things like trading fees, deposit fees, withdrawal fees, and any other fees or costs. To choose the most affordable solution for their trading needs, consumers should take these costs into account in relation to their freaboutume of trading.

• We have a lower fee now.

• Single direction fee

• Maker 0.1%

• Taker 0.1%

• Fees are a major deal-breaker for traders when it comes to selecting exchanges. FinexBox uses a flat fee model with no distinction between makers and takers. The flat fee is peggedfreebelow the industry standard of 0.25%.

• FinexBox deposits are free, but it has a high withdrawal fee. A withdrawal fee of 0.002 BTC is charged on every BTC withdrawal, which is way above the industry average of 0.0006 BTC charged on every BTC withdrawal.

Current Fee Structure	FinexBox now offers reduced fees with a flat fee model for both makers and takers at 0.10%, contrasting with the industry average of 0.25%.
Single Direction Fee	Maker: 0.1%<br>Taker: 0.1%
Fee Distinction	FinexBox implements a flat fee model with no differentiation between makers and takers, setting the fee at 0.10%.
Deposit Fees	Free of charge
Withdrawal Fees	A relatively high withdrawal fee. For instance, a 0.002 BTC withdrawal incurs a cost, compared to the industry average of 0.0006 BTC

• Traders often prioritize fees when selecting exchanges. FinexBox's flat fee model with a below-average 0.10% fee can be an attractive choice. While deposits are free, it's important to note the comparatively higher withdrawal fee, such as the 0.002 BTC charge for withdrawals, which exceeds the industry standard.

Deposit & Withdrawal

• Prefer a graphical trading experience. Trade directly from the Finexbox charts:

• Finexbox has integrated TradingView charts so you can enjoy a complete suite of tools to draw, annotate, download, and share your charts.

Educational Resources

• Finexbox is a full-featured spot trading platform for major digital assets & cryptocurrencies, including Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO, Monero and many more. Finexbox offers leveraged margin trading through a peer-to-peer funding market, allowing users to securely trade with up to 3.3x leverage. Users can also search for community assistance and interact with other traders by visiting social media groups and online forums dedicated to virtual currency trading.

Customer Support

• FineBox's website states that it offers 24/7 customer support. A closer look into the crypto exchange reveals that the platform doesn't offer call support, and most queries are resolved via email. There is also a Telegram support center.

• Users with deposit problems are advised to email support[@]finexbox. com. However, FinexBox reviews rate its customer support as below average.

• Support Center Mail: service@finexbox.comList Manager: Sarah https://t.me/finexbox.

• Users are advised to visit the exchange's website or get in touch with their customer support directly to learn more about the availability and methods of customer service as well as the languages the team supports.

Exchange Comparison

Exchange	Fees	Cryptos Available	Website
Binance	0.012%-0.10%	350+	BINANCE.com/en
Huobi	0.20%	700+	huobi.com
Finexbox	0.10% -0.25%	180+	finexbox.com

• As you can see, Binance has the lowest fees and the most cryptocurrencies available, Huobi has good customer support and a wide variety of cryptocurrencies available, but its fees are higher than Binance. Coinbase has the highest fees,

• Ultimately, the best exchange for you will depend on your individual needs and preferences. If you are looking for the lowest fees and the most cryptocurrencies available, then Binance is a good option.

• Here are some additional factors to consider when choosing an exchange:

Integration With CoinStats

• Finexbox API makes it easy to integrate the exchange with CoinStats, a platform that allows traders to monitor all of their cryptocurrency tradings from one dashboard. Linking FinexBox with CoinStats is a straightforward process described below:

• Log into your FinexBox account and scroll the exchanges API documentation.

• Copy the API key.

• Go to the CoinStats Portfolio tab and select “Connect Exchange.”

• Choose FinexBox and paste the API key in the provided section.

• You can now monitor and securely trade all your cryptocurrencies and DeFi holdings from one platform. Additionally, users can trade from multiple accounts/wallets on the most popular exchanges and earn up to 20% APY on their crypto investments from one convenient dashboard.

• The CoinStats secure portfolio tracker app has over 1.5 million active users worldwide. The platform is used for managing $500+ billion worth of crypto and has handled over 500 million transactions and trades so far. Users can keep track of 20,000+ coins and get 24/7 live reports on the crypto market via the CoinStats app.

• User Review

• User 1:

• Hey everyone! I've been using Binance for a while now, and I have to say that it has excellent security. Like Fort Knox for my cryptocurrency. In addition, they have over 350 different cryptocurrencies available! Trading commissions are rather inexpensive; they won't break the bank. I adore the slick UI since it makes trading simple. Customer service？ It's hit or miss, but generally speaking, they answer quickly. Only issue？ Sometimes it feels like waiting for a snail race while withdrawing money.

• User 2:

• “I've been using Finexbox for a few months now and I've been really happy with it. The fees are low, the selection of cryptocurrencies is great, and the platform is easy to use. I've never had any problems with customer support either. I would definitely recommend Finexbox to anyone looking for a good crypto exchange.”

• FAQs

• Q1: What is FINEXBOX？

• A1: FINEXBOX is a virtual currency exchange platform that allows users to trade over 180 different cryptocurrencies. It operates as a web-based exchange, accessible from any device with an internet connection.

• Q2: Who owns and operates FINEXBOX？

• A2: FINEXBOX and its associated mobile apps are wholly owned and operated by a subsidiary company of FINEXBOX GROUP LIMITED, a Republic of Seychelles incorporated entity. It's important to note that FINEXBOX is not related to BITMEX.

• Q3: How is security ensured on FINEXBOX？

• A3: FINEXBOX employs a combination of cold and hard wallets to securely store users' assets. Cold wallets are stored in a secure undisclosed location with 24/7 security measures in place. Two-factor authentication (2FA) can be enabled for added security.

• Q4: Does FINEXBOX offer educational resources for users？

• A4: No, FINEXBOX does not provide specific educational resources for users.

• Q5: What cryptocurrencies are available for trading on FINEXBOX？

• A5: FINEXBOX supports over 200 cryptocurrencies, including well-known ones like Bitcoin, Ethereum, and Litecoin, as well as alternative and exotic coins.

• Q6: What is the fee structure on FINEXBOX？

• A6: FINEXBOX charges a flat fee of 0.1% for both makers and takers. There are no distinctions between the two categories. Additionally, withdrawal fees can be relatively high, such as the 0.002 BTC fee for BTC withdrawals.

• Risk Warning

• The risk disclaimer for Finexbox is as follows:

• Risk Notification: Trading digital assets is extremely risky and might leave you with no money you invested. Unless you are aware of the hazards and can afford to lose your initial investment, you should avoid trading digital assets.

• A list of some of the specific dangers connected with trading digital assets is provided in the risk warning, including:

• Volatility: Even if you invest in a safe asset, the value of digital assets might change rapidly.

• Liquidity: There may be restricted liquidity for some digital assets, which could make it difficult or impossible for you to sell your assets.

• Fraud: Fraud is a possibility.

• You run a serious danger of losing all of your money while trading online. Not all traders or investors would find it suitable. The material in this article is provided for general informational reasons, so make sure you are aware of the hazards.