xcoex

Overview of xcoex

Founded around 2-5 years ago, Xcoex is a regulated cryptocurrency exchange based in Malta. Operated under the regulatory authority MajandusTegevuse Register, it holds a digital currency license (License No. FVT000226) and offers secure trading. With over 50 cryptocurrencies available, including Bitcoin, Ethereum, XRP, and more, users can trade with maker fees at 0.09% and taker fees at 0.15%. The platform supports various payment methods like bank transfers and credit cards, with deposit fees waived and a 0.1% fee for withdrawals. Xcoex's customer support includes email and social media channels for assistance.

Pros and cons

XCOEX presents several advantages, including a diverse selection of over 50 cryptocurrencies for trading, along with fee-free trading and a profit-sharing model of 10%. The platform supports multiple payment methods, including bank transfers, credit cards, and cryptocurrencies. It offers a range of trading options and order types, backed by regulatory oversight from MajandusTegevuse Register in Estonia. Security measures are implemented through features like 2FA, cold storage, and encryption. While these strengths are notable, the exchange's limited fiat currency options (USD, EUR) and potential withdrawal fees for certain cryptocurrencies could be considered drawbacks. The trading interface might not be as user-friendly as some alternatives, and specific information regarding anonymous trading is not provided. The absence of trading commissions is another noteworthy advantage.

Regulatory Authority

The regulatory situation of Xcoex exchange is as follows:

- Regulatory Authority: MajandusTegevuse Register

- Regulation Number: FVT000226

- Regulation Status: Regulated

- License Type: Digital Currency License

- License Name: XCOEX Limited OÜ

Xcoex operates under the regulation and oversight of the MajandusTegevuse Register. The exchange holds a digital currency license with the license name XCOEX Limited OÜ.

The MajandusTegevus Register (MTR) is a business registry in Estonia that is maintained by the Ministry of Economic Affairs and Communications. It is a centralized database of all businesses operating in Estonia, including their contact information, company registration number, and the activities they are authorized to carry out. The MTR is used by businesses, government agencies, and the public to verify the registration status of businesses and to obtain information about their activities.

Security

Xcoex implements various security measures to protect its users and their funds. These measures include:

1. Two-Factor Authentication (2FA): Xcoex allows users to enable 2FA, adding an extra layer of security to their accounts. This authentication method requires users to provide a second piece of evidence, such as a unique code sent to their mobile device, in addition to their username and password.

2. Cold Storage: The platform stores a significant portion of its users' funds in offline, cold storage wallets. This practice helps protect against hacking attempts and reduces the risk of unauthorized access.

3. Encryption: Xcoex employs advanced encryption technologies to secure user data and communications. This encryption ensures that sensitive information, such as personal details and transaction data, remains confidential and inaccessible to third parties.

4. Regular Security Audits: Xcoex regularly conducts security audits to identify and address potential vulnerabilities. These audits help ensure that the platform's infrastructure and systems are up-to-date and resistant to cyber threats.

5. Anti-Money Laundering (AML) and Know Your Customer (KYC) Procedures: Xcoex enforces strict AML and KYC procedures to prevent illegal activities and enhance the security of its platform. These procedures help verify the identities of users and monitor transactions for any suspicious or fraudulent behavior.

By implementing these security measures, Xcoex aims to provide a safe and secure environment for its users to engage in virtual currency exchange activities.

Cryptocurrencies Available

Xcoex offers access to a wide range of cryptocurrencies, with more than 50 options available for users to trade, which cover various combinations of

• Bitcoin,
• Bitcoin Cash,
• Ethereum,
• XRP,
• Litecoin,
• DAI,
• USDT,
• TRX, and
• fiat currencies (USD, EUR).

These pairs exhibit minimal exchange sizes and commissions, with rates ranging from 0.25% to 1.5%. As of the most recent data, notable cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, XRP, and Litecoin are available for trading, each showing stable prices (Bitcoin: $26,062.00, Bitcoin Cash: $186.43, Ethereum: $1,667.215, XRP: $0.51883, Litecoin: $63.765) and undefined percentage changes over the last 24 hours.

How to open an account？

The registration process of Xcoex involves the following steps:

1. Visit the Xcoex website and click on the “Sign Up” button.

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

3. Agree to the terms and conditions of Xcoex and verify your email address by clicking on the confirmation link sent to your inbox.

4. Complete the KYC (Know Your Customer) process by providing necessary identification documents, such as a valid ID card or passport, as well as proof of address.

5. Wait for your documents to be reviewed and approved by the Xcoex team.

6. Once approved, you can log in to your Xcoex account and start trading cryptocurrencies on the platform.



Fees

Xcoex offers fee-free trading without commissions; a 10% profit share is only taken from profitable trades. Leverage ranges from 5 to 300 depending on the instrument. Market order taker fees range from 0.15% to 0.40%, with maker fees at 0.09% or -0.01% for some instruments. Minimal and maximal trade amounts vary across assets.

Instrument	Min. Exchange Size	Market Order Taker Fee	Maker Fee
BTCUSD	0.0001 BTC	0.15%	0.09%
LTCBTC	0.0001 LTC	0.25%	0.15%
TRXUSD	1 TRX	0.15%	0.09%
ETHBTC	0.0001 ETH	0.25%	0.15%
BCHBTC	0.0001 BCH	0.25%	0.15%
DAIUSDC	0.01 DAI	0.15%	0.09%
ETHEUR	0.02 ETH	0.15%	0.09%
EURUSDT	1 EUR	0.15%	0.09%
USDTUSD	0.01 USDT	0.15%	0.09%



Payment Methods

Xcoex supports payment methods such as bank transfer and credit/debit card. When using bank transfers, the processing time may vary depending on the user's bank and country. Credit/debit card payments are typically processed instantly, allowing users to quickly deposit funds into their Xcoex accounts and start trading. XCOEX offers crypto deposits and withdrawals with no deposit fees and a flat 0.1% fee for withdrawals. The minimum deposit and withdrawal amounts vary per currency, with no restrictions on most deposits and a fixed withdrawal fee for each currency (e.g., 7 USDT, 0.0006 BTC, 0.00039 BCH). TRX can only be obtained by exchanging other cryptocurrencies, and direct TRX deposits are not currently available.

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Customer Support

Xcoex provides customer support through +442 038 686 187 and support@xcoex.com for general inquiries, while partnership-related queries can be directed to partnership@xcoex.com. The exchange also maintains a presence on Twitter (https://twitter.com/OfficialXcoex) and Facebook (https://www.facebook.com/xcoex/) for additional communication channels.

FAQs

Q: What is the regulatory authority for Xcoex？

A: Xcoex is regulated by the MajandusTegevuse Register (MTR) with the license number FVT000226. It holds a Digital Currency License under the name XCOEX Limited OÜ.

Q: How does Xcoex ensure security？

A: Xcoex employs security measures including Two-Factor Authentication, cold storage, encryption, regular security audits, and strict AML/KYC procedures to protect user accounts and funds.

Q: Which cryptocurrencies are available on Xcoex？

A: Xcoex offers over 50 cryptocurrencies including Bitcoin, Ethereum, XRP, Litecoin, and DAI. Various trading pairs with different fees and minimum exchange sizes are available.

Q: How do I open an account on Xcoex？

A: To register on Xcoex, visit the website, provide your email and password, verify your email, complete KYC, and await approval. Once approved, you can start trading.

Q: What payment methods does Xcoex support？

A: Xcoex supports bank transfers, credit/debit cards, and cryptocurrency deposits. Withdrawal fees apply, and processing times vary based on the method chosen.