Dex-Trade is this a scam? Review and Customers Reviews

Dex-Trade – relatively young cryptocurrency exchange opened in England in 2017. In addition to traditional crypto-asset trading, the company launched: its own token, several games, a terminal, and a convenient mobile app.

The exchange works with its own terminal and charges low commissions for financial transactions. More than 55 cryptocurrencies are traded on the platform. To find out if Dex-Trade is a scam, let’s take a closer look at its work.

Why Dex-Trade?

dex-trade.com has been operating since 2017, gradually adding new cryptocurrencies to trading, and opening up opportunities for traders.
Pros of the crypto platform:

• 24-hour technical support;
• own mobile application and advanced trading terminal;
• Multiple language support;
• two-factor authentication;
• the possibility of getting free coins;
• tournaments for traders;
• demo account;
• cold storage Cryptocurrencies;
• high liquidity;
• developed by the internal asset of the exchange.

The mobile application can be downloaded from the site or through the App Store and Google Play. The exchange platform itself is made according to a typical template, clearly and simply, so that clients do not have to search for the necessary information for a long time. News and data on traded assets are updated daily. The platform offers a large selection of cryptocurrencies (what are cryptocurrencies?). The terminal is divided into several blocks, which displays information about the work of the exchange in real time. Support service and company documents are available in English, but the site itself is russified.

How to exchange cryptocurrency on the Dex Trade platform?

In order to perform any financial transaction, you must register and be verified. Assets are exchanged through the operation of creating a market order.

Verification on the dex-trade.com platform

In order to conduct all trading operations on the exchange site, traders will be required to undergo verification. After registration and confirmation of the account opening through the link sent to the e-mail, the exchange offers to go through the procedure of confirmation of their identity and authority (legal entity). Individuals will need: a passport photo or ID card and a selfie with the document and a piece of paper, on which the name of the exchange will be handwritten. When opening a corporate account you will need to upload the registration documents of the company.

Deposit and withdrawal

All operations are available to registered users only and are performed through the “Deposit” tab. Withdrawal is available to a bank card, account or cryptocurrency wallet. The amount of commission for transfers to light or bank card will depend on the rules of the partner bank.

Cryptoexchange Commission

The amount of commission for financial transactions depends on the selected asset and is calculated according to the formula: fixed rate, plus a percentage of the withdrawal amount. If the withdrawal amount is less than the fixed rate, only the rate is charged. For example, the fixed rate for BTC withdrawal: 0.0005. Trading commissions on the platform: 0.1%-0.2%.

Dex-Trade bonuses

For registered traders the company has prepared interesting offers (How to Make Money on Cryptocurrency?).

Free Coins

You can get free coins immediately after registering. The limit of free tokens per day is limited, you can see the available coins on the bonus page by logging in to your account.

Tournament of traders

Tournaments of exchange members are conceived as a great way to get extra bonuses and compare your trading strategies with other participants. Tournaments are open to all registered users.

Complaints about Dex-Trade

The exchange has been operating long enough to gather a good number of reviews. Most of the comments are positive. Customers praise the simple terminal, mobile application, the number of currency pairs. They note that the exchange platform is constantly updated and something new is added. We met a few comments about the disadvantages of the exchange: the lack of fiat, many functions are in the testing stage and are not available.

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Regulation of Dex-Trade crypto exchange

Even if the reviews on the work of the selected crypto exchange are positive, you should still check the documents and licenses, so as not to run into fraudsters and not to lose your investment.

Regulator

The Company is registered in the United Kingdom. Registered office: Unit 111431 Second Floor, 6 Market Place, London, Fitzrovia, W1W 8AF. Company name: Exchange Technologies Lp. The exchange has been licensed as a personal data operator. Crypto Exchange Documents:

• Check your license (watch);
• Read the “Privacy Policy” on the Dex-Trade Crypto-exchange website (watch).

Dex-trade User Agreement

Before starting cooperation, all new clients of the exchange should familiarize themselves with the “Rules of Service”. This is a standard legal document available only in English. The rules spell out the basic information on the company’s work, concepts, rights and obligations and services of the service. Let’s look at some points. The company can reject any transaction if there is a suspicion of impropriety or fraud.

Dex-Trade draws attention to the fact that it is not a financial institution and does not provide advisory services on trading strategies, providing a platform for traders.

In the paragraph about commissions and service charges Dex-Trade warns that the exchange charges a fee for transactions and its amount will depend on the total amount of the transaction. The fee will be automatically deducted from the client’s deposit.

Customer Service

Contact the managers is possible in any of the presented ways:

• write a message in chat or by e-mail;
• leave an appeal through the feedback form or social networking groups.

The site has a help section, where you can find answers to the most frequently asked questions. The site of the exchange has recently been updated and not all items have been moved to the FAQ yet.

Is Dex-Trade a scam?

Dex-trade – not a scam. The cryptocurrency exchange was repeatedly included in the top 50 best companies from the profile area according to CoinMarketCap portal. It issued its own token – DXC, tournaments of traders, training, games are held for participants. The company has been operating since 2017, developing, adding new opportunities for traders. The main office is opened in the UK. Traders are offered:

• high level of security;
• convenient and clear terminal;
• the possibility of getting free coins;
• games;
• news blog;
• quick verification;
• opening a demo account;
• there is no limit on the amount of the minimum deposit;
• relatively low commissions;
• mobile application and 24-hour technical support.

The exchange team actively maintains accounts on social networks, posting training videos that may be useful to users. Since the platform has recently been updated, not all information has been uploaded yet, many functions are in the testing stage. Feedback from clients is mostly positive.

Conclusion

Dex-trade well-known British crypto exchange. Consultants answer queries promptly, APIs and cold storage of most cryptocurrencies are available. To make trading possible from any device, a mobile application was launched. The platform has an intuitive interface, but the documentation is loaded only in English. The exchange does not provide leverage, but the number of users on the platform is constantly growing.