TimeX Exchange Review
TimeX is a centralized exchange that occupies #194 on Guru InvestingExchange Tracker. TimeX has trading volume US$4,470,741 in the last 24 hours and US$6,913,466,400 in the last 7 days.
TimeX currently has 10 cryptocurrencies, 2 paper currencies and 9 markets (cryptocurrency trading pairs). The most popular trading pair on TimeX is XRP/USDT.
Compare TimeX next to other exchanges here: Exchange comparison tool.
TimeX Cryptocurrency Exchange – Hybrid Exchange based on the Chrono.tech ecosystem. This is an Australian platform introduced to the market in July 2019. TimeX is powered by Plasma framework. TimeX cryptocurrency exchange provides many third-party fiat gateways in addition to its own. AUDT stablecoin ecosystem. This allows Australian residents to directly link their bank account to the TimeX exchange, allowing them to deposit and withdraw Australian dollars almost instantly.
AUSTRAC, the Australian government’s financial intelligence agency, has granted Timex the approval it needs to operate as a digital exchange provider.
Users wishing to trade on TimeX must go through KYC verification process.
Markets
There are approximately 28 TimeX spot trading markets available. The most popular TimeX trading pairs include ETH/AUDT, XRP/USDT and ETH/USDT. These pairs have the highest trading volume on TimeX at the time of writing. Also, please note that TimeX is a crypto-to-crypto and crypto-to-fiat exchange that only allows trading with one fiat currency, US Dollars.
TimeX also presented An Australian dollar-backed token known as AUDT.. This was done with the aim of improving the speed and security with which Australian users can transfer money to and from the blockchain ecosystem. In addition to AUDT, another important token on the exchange is TIME. It is the native token of the Chrono.tech ecosystem, which also includes TimeX. The TIME token can be bought, sold or staked on TimeX. Additionally, it is used to reward traders.
TimeX exchange fees follow a maker-receiver model and are 0.5% for takers and 0.25% for makers. Speaking of other TimeX cryptocurrency fees, users must pay a gas fee when executing market orders or other contract calls such as withdrawing, transferring, or packing tokens.
other services
In addition to TimeX spot trading, the exchange provides other services. One of these services is algorithmic trading. This is carried out by trading bots, which are essentially computer programs that adhere to a predetermined set of algorithms. Without any human intervention, bots initiate and complete trades automatically if assets reach certain values.
In addition, the exchange allows staking TIME tokens to receive passive income on TimeX. By storing their tokens in TimeX wallets, users can earn up to 4.02% annual returns. The number of TIME tokens held and the length of the lock period determine the interest rate. TIME locking in TimeWarp smart contract This is another way to get free tokens. To do this, users must have a hardware wallet.
In addition, TimeX offers Referral program. Referrers who share their link with others are eligible to receive up to 80% of the cryptocurrency commissions paid by the referrals. Eat four levels are available in the TimeX exchange referral program. Referrers are entitled to compensation for any transactions made by their referrals.
In addition, the exchange offers API services which allow other trading applications to access TimeX accounts. These APIs can be used to directly access TimeX accounts. Loyal customers can use these application programming interfaces (APIs) to connect their accounts with other trading terminals, giving them the ability to trade on numerous exchanges using a mobile device, no matter where they are. However, developers can use the API to automate their trading strategies, engage in high-frequency trading, engage in market making and arbitrage.
About company
TimeX was launched by Chrono.tech. The exchange is headquartered in Sydney and is one of Australia’s fastest growing cryptocurrency exchanges. Compared to other exchanges in the cryptocurrency industry, TimeX exchange is still a newcomer as of July 2019.
Hybrid platform, unlike traditional first generation exchanges, uses both centralized and decentralized technologies offer its consumers a unique combination of benefits. Moreover, in addition to anonymity and quick comparison of orders With Ethereum’s Plasma, the exchange offers users the security of blockchain settlements and the user experience of the most popular traditional trading platforms. Overall, the main goal of the TimeX cryptocurrency exchange is to provide a platform for secure, instant, transparent and cryptographically verified peer-to-peer trading.
Tim Zinin is the Marketing Manager of the TimeX.io cryptocurrency exchange. It also works with Chrono.tech.
If you want to see TimeX’s current trading volume, look above.
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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.
