VinDAX exchange review
VinDAX is a centralized exchange that occupies #300 on Guru InvestingExchange Tracker. VinDAX has trading volume US$17,846,682 in the last 24 hours and US$38,635,982,623 in the last 7 days.
VinDAX currently has 93 cryptocurrencies, 0 paper currencies and 117 markets (cryptocurrency trading pairs). The most popular trading pair on VinDAX: BTC/USDT.
Compare VinDAKS next to other exchanges here: Exchange comparison tool.
VinDAX (Vin Digital Asset Exchange) is centralized cryptocurrency exchange. The VinDAX cryptocurrency exchange provides new investors with simple, straightforward methods to manage risk and profit, while also offering features sophisticated enough to appeal to institutional investors. The VinDAX platform is built on powerful trading data and analytics, user-friendly trading bot capabilities, integrated trading alarms for entry and exit, and a host of other features.
Users must pass KYC check for trading at higher levels. VinDAX is available on both desktop and mobile devices.
Markets
The only trading option offered by the exchange is the VinDAX spot market. At the time of writing, there are 87 coins and 182 VinDAX trading pairs available on the exchange. The most popular trading pair with the highest trading volume of VinDAX is BNB/USDT. Also, please note that VinDAX is exchange only for cryptocurrency.
Coin VinDAX (VD) is the exchange’s own service token. It is mainly used to stimulate community members. In addition, users who own a certain number of VD tokens are eligible for discounts. Check the current price of VinDAX cryptocurrency Here.
The exchange follows a flat fee model, which means that both makers and takers receive the same fees. VinDAX cryptocurrency commissions depend on the number of VD tokens owned by traders.. The commission amount changes as follows:
- 0 VD – 0.1%;
- from 1 to 50,000 VD – 0.09%;
- from 50,000 to 100,000 VD – 0.08%;
- From 100,000 to 200,000 VD – 0.07%.
You may be eligible for an additional discount if you trade VD regularly. As a result of the discount, the commission amounts are: 0.08% at level zero, 0.07% at level one, 0.06% at level two and 0.05% at level three.
As for VinDAX exchange fees, there are no fees. deposit fee. However, there are Withdrawal fee it depends on the currency. In addition, upon withdrawal, all fees will be proportionally divided, with the exception of fees associated with peer-to-peer currency tokens, which have a predetermined deflation percentage.
In addition, users must pay a one-time flat fee to have VinDAX reimburse transaction costs incurred when transferring cryptocurrency from their VinDAX accounts to external wallets.
other services
VinDAX offers two trading modes: Basic and advanced. Basic mode is better for beginner traders, while advanced mode is more suitable for experienced traders.
The exchange also offers a save feature that allows users to deposit crypto assets and earn. They can choose one of two options – flexible savings and locked savings.
In addition, the exchange offers Windows Cloud a feature that allows users to create blockchain-based platforms using VinDAX templates and experts.
Finally, VinDAX offers Launchpad. This allows new projects to launch their crypto assets through Initial Exchange Offering (IEO).
About company
VinDAX is a centralized exchange launched in 2019 and headquartered in Vietnam. The exchange was co-founded by Nam Nguyen and Michelle Nguyen.
The company secures the exchange using two-factor authentication. Additionally, it asks visitors to activate an anti-phishing code. Customers using it can verify the authenticity of emails they receive from VinDAX. However, things weren’t like that before.
On November 5, 2019, the platform was hacked by hackers. The security breach, which was the sixth such incident to occur in the cryptocurrency world this year, left the company with a loss of $50,000. Before the hack, the exchange was little known.
VinDAX 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.
