About Finexbox Exchange
FinexBox is a crypto exchange based in Hong Kong that launched in October 2018.
Finexbox is a spot trading platform for major digital assets & cryptocurrencies, including Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO, Monero and many more. The exchange offers leveraged margin trading through a peer-to-peer funding market. This allows users to securely trade with up to 3.3x leverage. They also boast a suite of order types to help traders take advantage of every situation.
How To Sign Up & Start Trading
| Exchange | Details |
|---|---|
| Exchange Name | Finexbox Exchange |
| Exchange Type | Cryptocurrency |
| Withdraw Fee | 0.002 BTC |
| Support | 24/7 |
| Langugae | English |
| Taker Fee | 0.10% |
| Maker Fee | 0.10% |
| Website | Homepage |
How To Sign Up & Start Trading
You Sign Up For A User Account By Providing Basic Information.
On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange
You Then Receive An E-mail In Your Mailbox To Activate Your Account.
Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.
Identity Verification
For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.
FinexBox Trading fees
This exchange doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. They have set their flat fee at 0.10%. 0.10% is well below the global industry average trading fees (arguably around 0.25%).
You may also note that many exchanges have trading fees that are reduced as volumes are increased, meaning that you receive benefits of trading in larger capital volumes. The fees listed in this review and in the comparison table are excluding any such volume discounts.
FinexBox Withdrawal fees
FinexBox charges a withdrawal fee amounting to 0.002 BTC when you withdraw BTC. While 0.002 BTC is a rather insignificant amount in the bigger picture (on the date of this review, 16 November 2018), it’s approx. USD 11, it is also a bit above the industry average. Industry average BTC-withdrawal fees are 0.0008 BTC.
Deposit Methods
FinexBox offers wire transfer as a deposit method, but you can’t yet deposit via credit card. This feature might be added in the future though, so don’t despair!
FinexBox Exchange Features
Trading pairings
A wide range of trading pairs are supported by FinexBox, including numerous well-known cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
Security
To secure user accounts and payments, FinexBox employs cutting-edge security techniques including two-factor authentication (2FA).
Low trading costs
FinexBox has a flat fee of 0.1% for both market makers and takers.
API access
Users can automate their trading methods and get real-time market data with the use of FinexBox’s API access.
Mobile app
Users may easily trade on the go with FinexBox’s mobile app, which is accessible for both iOS and Android devices.
Customer support
FinexBox provides live chat and a ticket-based system for customer support that is available around-the-clock.
Programme for referring users
FinexBox has a referral programme that enables users to gain compensation for referring new users to the website.
Margin trading
On select trading pairs, FinexBox provides margin trading with leverage of up to 100x.
Staking
FinexBox allows users to earn rewards for keeping their coins on the site by supporting staking for a few different cryptocurrencies.
Programme for listing projects
FinexBox provides a programme for listing projects that enables them to apply for listing on the platform, potentially enhancing their visibility and liquidity.
FinexBox Conclusion
In summary A bitcoin trading platform called FinexBox makes the promise to provide low-cost, quick, and safe trading. It enables trading pairs with fiat currencies like USD and EUR and supports a number of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. Strong security mechanisms, such as 2-factor authentication and cold storage for customer cash, are also claimed to be in place by FinexBox.
It is crucial to remember that some users have voiced concerns about delayed withdrawals and trouble contacting customer care. It is crucial to conduct your own research and thoroughly weigh the dangers before investing in any cryptocurrency platform.
Ultimately, your specific trading demands and preferences will determine whether FinexBox is the best platform for you. Before making any investment selections, it is usually a good idea to conduct in-depth research and evaluate various platforms.
FinexBox FAQ
What is FinexBox?
FinexBox is a cryptocurrency trading platform that offers users the ability to buy, sell and trade a wide range of digital assets with low fees and fast transaction times.
Is FinexBox secure?
FinexBox claims to have strong security measures in place, including two-factor authentication and cold storage for user funds. However, as with any cryptocurrency platform, there is always a risk of hacking or theft.
What cryptocurrencies are supported by FinexBox?
FinexBox supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many more.
How can I fund my FinexBox account?
You can fund your FinexBox account by depositing cryptocurrencies or fiat currencies such as USD or EUR.
What fees does FinexBox charge?
FinexBox charges low trading fees compared to other cryptocurrency exchanges. However, there may be additional fees for depositing or withdrawing funds.
Does FinexBox offer margin trading?
Yes, FinexBox offers margin trading for users who want to trade with leverage.