About Southxchange Cryptocurrency
Southxchange Cryptocurrency is a currency management platform built and operated by PRO-Systems. It is designed with security, simplicity and usability in mind. We believe cryptocurrencies have the potential to change the world, and our mission is to provide the required tools to make it happen. The first tool implemented in SouthXchange is a modern exchange platform that allows users to trade currencies. Current market needs are being identified and additional tools will be built as required.
SouthXChange is a relatively small Argentinian cryptocurrency exchange which offers a lot of altcoins, which can be traded against one another, in addition to US dollar. So, the exchange is also suitable for those who are looking to purchase some digital assets with traditional “fiat” currencies, or cash out their Bitcoins in USD. Also, its pricing is good, but we cannot say the same for the liquidity on most pairs at SouthXChange.
|Exchange Name||Southxchange Cryptocurrency|
|Withdraw Fee||0.00015 BTC|
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.
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.
|Hosting:||AS13335 Cloudflare, Inc.|
Enable 2-Factor Authentication (2FA)
When you log certain the primary time, a pop-up will show up and ask you to enable the 2FA, which can help in increasing your account security. If you’re new 2FA, you’ll got to download the Google Authenticator app then scan the QR (or enter the key key) so as to urge a 1-minute changing code.
After completing these three steps, you’re through with fixing your account.
SouthXchange Trading fees
Trading fees are naturally very important. Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. This Argentinian trading venue divides between takers and makers. Takers are the one who “take” an existing order from the order book. Makers are the ones who create the orders that the takers take. This exchange’s taker fee is 0.30%, and the maker fees are 0.10%. This is in line with global industry average and compared to its South American peers, the fee is on the low-end (thus constituting a competitive advantage).
SouthXchange Withdrawal fees
SouthXchange’s withdrawal fee is 0.00015 BTC per BTC-withdrawal. This fee is far below the industry average. The global industry average BTC-withdrawal fee the last time we at Cryptowisser did a full-blown empirical study of it was approx. 0.0008 BTC per BTC-withdrawal. But today, we see more and more exchanges charging 0.0005 BTC per BTC-withdrawal, so one could argue that 0.0005 BTC is starting to become the new industry average. In any event, 0.00015 BTC per BTC-withdrawal is a low consumer-friendly fee.
This trading venue offers both wire transfers and credit cards as a deposit methods. Credit card deposits are possible via Indacoin. Seeing as fiat currency deposits are possible at this trading platform, SouthXchange qualifies as an “entry-level exchange”, making it possible for new cryptocurrency investors to take their first steps into the cryptocurrency world here.
Fiat currency (USD)
Apart from the extensive coin offering, SouthXChange supports the most popular fiat currency – US dollar. This makes the services offered by the exchange more accessible to beginner traders, as it accepts cash payments.
The flat fee of 0.20% per trade, charged by this exchange is in-line with the current state of the industry. This is rather impressive, given the number of altcoins offered, and the fact that a lot of companies apply higher transaction fees for altcoin trading. Besides, SouthXChange does not charge deposits, only some fees on withdrawals. However, PayPal deposits are charged with a salty fee of 10%.
Like most exchanges, this one offers a web-bases trading platform that is nicely arranged and has a functional order book, basic charting, a Chat box, and Recent trades window. The trading pairs are arranged into 5 categories: traded against BCH, BTC, LTC, USD and USNBT.