ATAIX

Overview of ATAIX

ATAIX is an Estonia-based cryptocurrency exchange established in 2018, regulated by the MajandusTegevuse Register. The platform offers over 30 cryptocurrencies, and competitive fees, and supports payments via bank transfers, credit/debit cards, and cryptocurrencies. Ensuring comprehensive assistance, ATAIX provides customer support through its webpage, phone calls, and email. With a diverse crypto selection and robust support, it offers a streamlined trading experience for users.

Pros and Cons

Pros

• Regulated: ATAIX operates under the regulatory framework of the MajandusTegevuse Register, ensuring compliance with established standards and providing traders with added trust and security.

• Wide Range of Cryptocurrencies: Offering an extensive variety of cryptocurrencies gives traders and investors more choices, catering to both popular and niche market interests.

Cons

• Delayed Customer Service: Prompt customer support is vital in the world of crypto trading. Delays can lead to potential losses or missed opportunities, and this has been a point of contention for some ATAIX users.

• Not-so-good Customer Reviews: Negative feedback from users can deter potential traders from using the platform, suggesting areas where the exchange could improve its services.

• Relatively New Exchange: Being a newer exchange in the market, ATAIX may not have the same level of recognition and trust that longer-standing exchanges have established over the years.

Regulatory Authority

Name: MajandusTegevuse Register (MTR)

Supervising Body: The Ministry of Economic Affairs and Communications of the Republic of Estonia oversees the MTR. This body monitors the activities of financial companies and firms operating in the Estonian capital markets.

Regulation Standards: MTR-regulated brokers follow the directives outlined by the Ministry and are also compliant with the MiFID. This ensures Estonia can provide Forex trading access in line with the regulatory standards set by the EU.

Current Status: Regulated

License Type: Exclusive & Digital Currency License

Regulated By: Estonia

License Number: FVR000231 FVR000231

Licensed Institution: EuroToken OÜ

Effective Date: 2018-06-22

Email Address of Licensed Institution: risko.tiitso@mail.ee

Address of Licensed Institution: Roosikrantsi tn 2-468, Kesklinna linnaosa, Tallinn, Harju maakond, 10119

Phone Number of Licensed Institution: +37253003911

Security

• Regulation: ATAIX is under the regulatory supervision of the MajandusTegevuse Register (MTR), which is overseen by The Ministry of Economic Affairs and Communications of the Republic of Estonia. Such regulation ensures that ATAIX adheres to stringent standards and practices designed to protect traders and investors. Regulatory compliance also means that the exchange undergoes periodic reviews and audits to ensure the safety and transparency of its operations.

• EU MiFID Compliance: Being compliant with the Markets in Financial Instruments Directive (MiFID) of the EU means ATAIX operates following some of the most robust financial standards globally. MiFID standardizes practices across financial markets in the European Union, ensuring increased transparency and stronger protection for traders.

• Enhanced Security Protocols: Regulated exchanges like ATAIX typically employ state-of-the-art cybersecurity measures, including encryption standards, two-factor authentication, cold storage solutions, and more. These measures are put in place to safeguard user data and funds from potential cyber threats.

• Advantage Over Unregulated Exchanges: Unregulated platforms often lack the stringent oversight and standards that come with regulation. As a result, they may be more susceptible to fraudulent activities, hacks, or even internal mismanagement. On the other hand, a regulated entity like ATAIX provides traders with a higher degree of trust and reliability. Their regulatory status requires them to maintain certain security measures and ensure the best interests of their users are prioritized.

Cryptocurrencies Available

ATAIX offers a wide range of cryptocurrencies for trading, with over 30 options available. This includes popular cryptocurrencies such as USDT, PLEX, BTC, ETH, etc. Users have the opportunity to explore and invest in various digital assets on the platform.

How to Open an Account？

• Visit the ATAIX website and click on the “Sign Up” button.

• Provide your email address and create a strong password for your account.

• Verify your email address by clicking on the verification link sent to your inbox.

• Complete the KYC (Know Your Customer) process by providing necessary personal information, such as your full name and address.

• Upload any required identification documents, such as a passport or driver's license, to verify your identity.

• Wait for the ATAIX team to review and approve your application. Once approved, you will be able to start trading on the platform.

Payment Methods

ATAIX supports multiple payment methods, including bank transfers, credit/debit cards, and cryptocurrencies. These options provide users with flexibility when it comes to depositing and withdrawing funds on the platform. The processing time for each payment method may vary depending on factors such as the user's bank or the network confirmation time for cryptocurrencies. It is advisable to check the ATAIX website or contact customer support for specific information regarding processing times for each payment method.

Fees

ATAIX Trading Fees

ATAIX appears to have a multi-tiered trading fee structure based on the monthly volume in EUR and differentiated by market types, alongside distinct deposit and withdrawal fees for various assets.

ATAIX Deposit and Withdrawal Fees

EUR Deposit and Withdrawal Fees (Different Payment Methods)

Educational Resources

ATAIX provides educational resources and tools to help users enhance their understanding of virtual currency trading. These resources include articles, tutorials, and guides that cover various topics related to cryptocurrency trading, such as market analysis, technical analysis, and risk management. Additionally, ATAIX offers trading tools such as charts, graphs, and indicators to assist users in analyzing market trends and making informed trading decisions. These educational resources and tools empower users with knowledge and support them in their virtual currency trading journey.

Is ATAIX a Good Exchange for You？

ATAIX caters to a diverse range of traders with different needs and preferences. Here are some trading groups that could find ATAIX suitable, along with recommendations tailored to each group:

• Beginner Traders: ATAIX offers a user-friendly interface and a wide range of educational resources to support novice traders. The exchange's articles, tutorials, and guides can help beginners understand the basics of virtual currency trading and develop their skills. It is recommended for beginner traders to start with small investments and gradually increase their trading activity while utilizing the educational resources provided by ATAIX.

• Experienced Traders: ATAIX's extensive selection of over 100 cryptocurrencies makes it attractive to experienced traders who are seeking a diverse portfolio. These traders may have a deeper understanding of virtual currency markets and may benefit from the platform's trading tools, such as charts, graphs, and indicators. Additionally, ATAIX's competitive fees can be advantageous for frequent and high-volume traders.

• Institutional Investors: ATAIX's regulatory compliance and security measures may attract institutional investors looking for a trustworthy exchange to manage larger funds. The availability of various payment methods, including bank transfers, can facilitate the deposit and withdrawal of significant amounts.

• Cryptocurrency Enthusiasts: ATAIX offers a wide range of cryptocurrencies, including popular ones like Bitcoin and Ethereum, as well as lesser-known altcoins. This makes it suitable for cryptocurrency enthusiasts who wish to explore and invest in different digital assets. These enthusiasts may find ATAIX's diverse selection exciting and may take advantage of the platform's comprehensive market analysis to identify potential investment opportunities.

FAQs

Q: What is the fees of ATAIX？

A: ATAIX doesn't charge fees for maker, but there is a taker fee between 0.07% - 0.5%.

Q: Does ATAIX require KYC verification for all users？

A: Yes, ATAIX implements a KYC (Know Your Customer) process that requires users to provide necessary personal information and identification documents to verify their identity.

Q: Can I access ATAIX from my mobile device？

A: Currently, ATAIX does have a dedicated mobile app, allowing users to access and trade on the go.

Q: Does ATAIX provide any customer support channels？

A: ATAIX offers Web Page Assistance, Phone Calls, and Email. The phone number is +3726170371, and the email address is support@ataix.com.

User Review

User 1: ATAIX crypto exchange has excellent security measures in place to protect user assets and personal information. I feel confident trading on the platform knowing that they use encryption technology and cold storage solutions. The regulation aspect is also a plus, as ATAIX is regulated by the Financial Intelligence Unit of Estonia. However, I find the interface a bit clunky and could use some improvements to make navigation easier. As for liquidity, I haven't had any issues so far with executing trades.

User 2: ATAIX crypto exchange offers a wide variety of cryptocurrencies to trade, which is a big advantage for me as an avid investor. The customer support is also very responsive, providing timely assistance whenever I have any questions or concerns. However, I do find the trading fees on ATAIX to be a bit high compared to other exchanges. The deposit and withdrawal speed is decent, but it could be faster. In terms of privacy and data protection, ATAIX seems to take this seriously, which is important to me as a trader. Overall, I am satisfied with my experience at ATAIX, but there are some areas that could be improved, such as the fees and the speed of transactions.

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.