IndoEx exchange review
IndoEx is a centralized exchange that occupies #141 on Guru InvestingExchange Tracker. IndoEx has trading volume US$2,859,777,481 in the last 24 hours and US$1.19 trillion in the last 7 days.
IndoEx currently has 82 cryptocurrencies, 0 paper currencies and 158 markets (cryptocurrency trading pairs). The most popular trading pair on IndoEx is BTC/USDT.
Compare IndoEx next to other exchanges here: Exchange comparison tool.
The IndoEX cryptocurrency exchange was founded on January 16, 2019. Its headquarters are located in Estonia and the UK. The platform’s main focus is on finding the most promising altcoins in the market, both large and small capitalization, and also provides its users with access to algorithmic trading options.
Cryptocurrency exchange IndoEx uses KYC (Know Your Customer) the process of preventing illegal activities carried out using cryptocurrencies. All users must provide their identification documents (passport or driver’s license) as well as utility bills as proof of address. However the platform accepts privacy coins and allows their withdrawal, which means that the service can be used to obtain crypto-anonymity, despite all the existing checks.
As of this writing, the platform supports over 150 countries, and there are no countries listed where the platform is banned. However, some countries do not allow cryptocurrency trading, so it is advisable to check if your country has any cryptocurrency bans or restrictions before trading.
Markets
Support for IndoEx crypto exchange crypto-crypto and crypto-fiat trade. IndoEx supported crypto markets include BTC, ETH, USDT, USDCand so on, while fiat markets include US dollars and euros. Eat more than 200 IndoEx trading pairs available for all markets supported by the platform. IndoEx spot is the only trading option available. The platform does not currently support margin or leverage trading, although this may change in the future if IndoEx trading volume increases.
Concerning IndoEx exchange feeThe platform offers low fees, with both takers and makers at 0.15% for most trading pairs. The only exception is the IndoEx trading pairs, which include DICK cryptocurrency, as they incur an additional 5% commission. There are no IndoEx fees for cryptocurrency deposits.. Although there is a fee for depositing paper currency. The more funds you deposit, the higher the commission will be.
Withdrawal fee on the platform depend on the asset and are slightly lower than on other exchanges. For example, the IndoEx cryptocurrency price for Bitcoin withdrawal is 0.0008 BTC instead of the usual 0.001 BTC. For fiat transactions, the IndoEx cryptocurrency exchange charges 10% for deposits and 3 USD/EUR for withdrawals.
other services
One of the main features of the IndoEx crypto exchange is extended API allowing users to increase their trading profits using trading bots. In this way, users can benefit from computer models and execute transactions at the best moment fully automatically.
In addition, the platform has launch pad for soon to be listed cryptocurrencies, air drops for those listed, and trading competition with cryptocurrency rewards. However, some regular features such as margin and futures trading, staking, crypto lending and borrowing are not available on the exchange.
About company
Founded the IndoEx cryptocurrency exchange Spencer Collins. There is not much information about it available in the public domain. The only place where there is an exception is on his Github page, which lists two repositories written in Javascript. Little is known about other team members either.
There have been allegations of fraud related to algorithmic trading on the platform. In one case, a user’s assets were removed for using basic triangular arbitrage, with IndoEx’s official comment confirming this case but claiming that it was a violation.
However, IndoEx offers a high level of security through the use of several security measures such as offline mode. cold storage options. The platform claims that they store 98% or more of a customer’s digital currency in cold storage, with the rest kept online due to liquidity requirements.
At the time of writing this article, IndoEx had a trading volume of $2.2 billion, equivalent to 132,809 BTC. Although keep in mind that this is a constantly changing figure.
IndoEx related pages
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
