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Saturday, January 22, 2022

Tidex Exchange Review: It Is Legit & Secure Exchange

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About Tidex Exchange

Tidex is an exchange registered in the tropical wonderland of Cayman Islands, launched in January 2019. There are a few other cryptocurrency exchanges registered here as well, including Shortex, OceanEx, Bgogo, BitMart and QBTC. As reasons to why you should choose Tidex as your primary trading platform, they state that the platform is user friendly and that they focus on security. Furthermore, they declare that they have a simple fee structure, 24/7 support center and also have APIs fro cross platform-trading. They feel that these advantages are indeed helpful for prospective traders.

Basic Information

ExchangeDetails
Exchange NameTokpie Exchange
Exchange TypeCryptocurrency
Withdraw Fee0.0005 
Deposit FeeFree
Maker Fee0.00%
Taker Fee0.10%
Maker Fee24/7
Top CountryIndia
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.

Tidex Trading fees

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. Normally, exchanges distinguishes between takers and makers. Takers are the one who “take” an existing order from the order book. Makers are the ones who add orders to the order book, thereby making liquidity at the platform.

Tidex’s fee for takers is 0.10%. These taker fees are lower than the global industry averages for centralized exchanges. Industry averages have historically been around 0.20-0.25% but we now see new industry averages emerging around 0.10%-0.15%. Regardless of which taker fee you compare against, 0.10% is on the low end.

However, this exchange does not charge any fees for makers, thus promoting the liquidity at the exchange. This is a very strong part of Tidex’s offering and can be really helpful for people interested in not picking up existing orders from the orderbook.

Tidex Withdrawal fees

Tidex’s withdrawal fee is 0.0005 BTC per BTC-withdrawal. This fee is a bit 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. 0.00053 BTC per BTC-withdrawal. 

All in all, this exchange’s fee levels are in line with, or even slightly below, industry average.

Deposit Methods

This trading platform does not accept any other deposit method than deposits of cryptocurrencies. This means that new crypto investors can’t trade here. If you don’t have any crypto but still want to start trading at this exchange, you will first have to purchase cryptocurrencies from another exchange and then, as a second step, deposit them here.

Discount for trading fee

All TDX token holders will get commission discount of up to 90%

Loyalty program

They are delighted to announce updated loyalty program which will be based on Tidex token. Tidex token (TDX) is Waves based token which will provide a basis for Tidex discount and loyalty program.

Loyalty token

TDX token is a uniform loyalty token for all Tidex products. Currently users can get trading commission discount when holding the token. On top of that, TDX token is stakable, that is users get paid for holding TDX. Emission of new TDX tokens is carried out through the staking interest payments.

Simple multifunctional platform with endless possibilities

Thousands of traders anywhere in the world can get access to a simple way to trade not only Bitcoin and Ethereum but any of other 70+ coins that are currently listed.

Why choose TIDEX?

Low fees

Less commissions, more liquidity: 0 % for market makers, 0.1 % for market takers fee.

Security

It is the primary concern, risk management and different internal control measures.

Support center

They will be happy to help you 24/7 with any question.

API

Open API for crossplatform trading.

Referral program

Get up to 30% of fees from all exchange transactions of your referred users!

How does affiliate program work?

  1. Choose a promo tool for sharing your referral link:
    1. simply copy your referral link
    2. choose banners to place on your website or blog
  2. Share your referral link or place a banner on your website.
  3. Track statistics and efficiency of the traffic you send.
  4. Get your reward — 25% of TIDEX fee on all trade transactions made by direct (level 1) referred users and 5 % from users referred by users of level 1.
  5. Enjoy unlimited rewards! The more users you refer, the more money you earn.

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