Tidex exchange review
Tidex is a centralized exchange that occupies #119 on Guru InvestingExchange Tracker. Tidex trading volume is US$576,374,496 in the last 24 hours and US$277,970,020,439 in the last 7 days.
Tidex currently has 42 cryptocurrencies, 8 paper currencies and 105 markets (cryptocurrency trading pairs). The most popular trading pair on Tidex is BTC/USDT.
Compare Tydex next to other exchanges here: Exchange comparison tool.
The Tidex cryptocurrency exchange was founded in 2017. as an easy to use trading platform for traders of all levels. The platform’s easy-to-use interface is designed to allow new and experienced traders to access cutting-edge and world-class cryptocurrency services. Tidex cryptocurrency exchange is based in London. It is managed and owned Elite Way Development LLP, a British fintech company. The platform provides traders with the opportunity to buy and sell cryptocurrency tokens and assets on the exchange.
The platform is supported worldwide and the website does not indicate countries where its services are limited. However, some countries have specific rules for trading and operating cryptocurrencies, so it is recommended that you review your country’s rules and regulations before proceeding. From point of view Know your customer (KYC) The verification process on Tidex crypto exchange is quite simple compared to other exchanges. Users only need to complete verification by confirming their email addresses and phone numbers. Gaining access to enhanced services will require an additional layer of verification, which may include government-issued identification.
Markets
Support for the Tidex cryptocurrency exchange crypto-crypto markets are More than 120 Tidex trading pairs available. At the time of writing this article, the platform supports three markets: BTC, USDTand USDN markets. Supported cryptocurrencies include major ones such as BTC, ETH, WAVES, USDT, ADA, DOGE and more.
Spot and margin trading Tidex features give traders choice before trading. Traders on the platform have full access to market orders supporting limits and margin trading, as well as a transparent and understandable commission structure. Yes fixed fee for Tidex exchange of 0.2% for market takers, while there are no commissions for market makers. At the time of writing, the platform does not support fiat money deposits, but the supported currency or official currency of the platform is the US dollar. Therefore, Tidex cryptocurrency fees are quoted in dollars.
Deposits can only be made using cryptocurrency. There are usually no fees for these deposits, but there are Tidex cryptocurrency price: 0.0001187 BTC for BTC withdrawal and 0.0026 ETH for Ethereum withdrawal.. It’s also worth noting that there are withdrawal limits for new accounts, basic accounts, and advanced accounts. For new accounts, the withdrawal limit is 0 USD. This is done as a measure to prevent money laundering or other negative activities from new accounts. Basic accounts have a withdrawal limit of $500 or its equivalent per day in cryptocurrency, while extended accounts You can withdraw $100,000 or its equivalent per day. Access to advanced accounts requires strict identity verification and a two-factor authentication process.
TDX token is the platform’s own utility token. TDX is based on Blockchain waves. TDX owners can take advantage of commission discounts. These discounts can reach up to 90% for those who have at least 100,000 TDX in their wallet. The maximum supply of TDX tokens is 150 million, of which a certain percentage is reserved for air drops which are often executed on the platform.
other services
In addition to trading, the platform gives its users the opportunity to passively earn money by betting and referral programs.
For betsThe minimum amount of tokens that can be staked is 500 TDX for a minimum period of 24 hours. Holders of 500 TDX and above can receive up to 5% profit annually. Moreover, users of the Tidex cryptocurrency exchange can have 100 or more WAVES tokens and earn at least 5% per year on your assets. The platform can be used for place TDX and WAVES tokens. Additionally, users can bet a minimum of $100 and receive up to 12% profit per year.
In addition, the platform offers tempting bonus program for referrals. Any registered and verified user can receive a personal referral link leading to the exchange registration page. Users can share these links with their friends and receive a reward for each new active trader who gets to the exchange through the referral link. The user receives as a reward 25-30% commissions paid by her/his referrals (people who used the link to register on Tidex) on the platform.
Tidex cryptocurrency exchange also offers wear function to earn money for NFTs on the platform. With this feature, users can purchase NFT T-shirts using the TDX token. Wear2Earn The project consists of 10,000 NFT T-shirts, and each T-shirt gives its owners the opportunity to mine popular tokens on the platform. This project will also be useful in Tydex Metaverse which will be launched in the future. Finally, when you purchase a Tidex NFT, you have the option to order a physical t-shirt with your NFT design printed on it. There will be 10 designs to choose from and these t-shirts can be shipped to you anywhere in the world.
About company
Founded in 2017, London Exchange is owned and operated by Elite Way Development LLP, a fintech company headquartered in England. The founder of the exchange is Alexander Ivanov – Creator and CEO of the Waves platform. He was born in Ukraine. Alexander graduated from the Faculty of Theoretical Physics of Moscow State University, and then entered graduate school at the University of Leipzig. He was involved in the development of software for electronic payment systems and neural networks for forecasting financial markets.
After the advent of blockchain technology, he launched one of the first instant cryptocurrency exchanges, Coinomat.com. In April 2016, he founded Waves Platform, a blockchain platform for issuing and trading digital assets.
As of December 2022, Tidex has a trading volume of approximately $800 million, equivalent to over 50 thousand BTC in 24 hours. Although you can see the current Tidex volume above.
Tidex 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.
