Finexbox is this a scam? Review and Customers Reviews

Finexbox – cryptocurrency exchange was launched in 2013 and is headquartered in Hong Kong. The platform offers traders spot and margin trading, low commissions, fast withdrawal of funds, and safe storage of assets. The platform also claims to have the most liquid order book in the world and a wide selection of charting tools.

Let’s find out if the crypto exchange really has advantages over similar projects. Let’s find out how its activity is regulated and try to find out if Finexbox is a scam or a stable platform for safe cryptocurrency trading.

 

Why Finexbox?

Cryptocurrency exchange Finexbox – is a modern platform for crypto-trading. The exchange supports 200+ cryptocurrencies including ETH, BTC, LTC, NEO, XRP, TRX etc. The number of coins on the exchange is constantly increasing. Platform users can vote to list new coins, and liquidity providers can earn by providing traders with funds for margin trading.

For traders the platform offers a convenient terminal with the integration of a package of tools TradingView. Here you will find indicators, charting tools, oscillators and other options necessary in trading. Margin trading on the exchange is represented by leverage up to 3.3x. The crypto exchange is also the issuer of the FNB token. This is a service token whose holders get to vote for a listing.

 

How to exchange cryptocurrency on Finexbox platform?

Cryptocurrency exchange Finexbox does not offer users a built-in exchanger digital currencies. Cryptocurrency can only be exchanged during trading. To do this, you need to select a cryptocurrency, open an order. After closing the transaction, the purchased coins will be credited to your account.

 

Verification on the finexbox.com platform

Verification on the platform finexbox.com is not required. To trade on the exchange, it is sufficient to register an account. To register, you need to provide an email address and password. When registering, you will see a notice that it is advisable to use Gmail email addresses, otherwise the registration may not be approved. After completing the form, click “Register”. The last step is to confirm your email address. After activating your account, you can fund your account and start trading.

 

 

Deposit and withdrawal

Deposit is available immediately after registration. To deposit money into your account, log into your personal cabinet and select the “Account balances” tab. On this page you will see all cryptocurrencies available on the exchange with two buttons – “Deposit” and “Withdraw from account”. Select the currency in which you want to deposit, click “Deposit” button. Copy the generated crypto-address and enter it in your cryptocurrency wallet. The minimum deposit amount depends on the selected cryptocurrency, for example: BTC – 0.0005; ETH – 0.02; TRX – 10. If you send an amount less than the minimum deposit, the payment will be lost. Time of crediting of funds from 15 minutes to 24 hours.

Two-factor authentication must be enabled to withdraw funds. Select the withdrawal currency, specify the transfer amount, and confirm the transaction. Accounts with unconnected google-authentication cannot make withdrawal transactions.

 

Commission of the crypto exchange finexbox.com

On the cryptocurrency exchange fixbox.com A single commission has been established for makers and takers, in the amount of 0.1%. Traders will also have to pay a withdrawal fee. It depends on the currency and network requirements, for example: BTC – 0.0200000; LTC – 0.03000000. No fee is charged for deposits.

 

Finexbox bonuses

Registered users of the platform can participate in the referral program and earn on steaking.

Referral program

All registered users of the crypto exchange finexbox.com can participate in the referral program. You will find the link to invite friends in your personal cabinet. Copy this link and invite new users to the platform and get rewarded for it.

Steaking Awards

Earnings from steaking are also available to all registered users. The amount of remuneration is calculated personally and depends on the amount, term and type of frozen funds. For more information, contact the support service.

 

Complaints about Finexbox

There are no reviews about the crypto exchange on Russian-language feedbacks yet. But, we found them on foreign resources. There are both positive reviews and complaints about Finexbox. In positive reviews, users write about stable work of the crypto exchange, favorable exchange rates and operative support service.

Negative statements mainly concern the withdrawal of funds. Many users complain that it is very difficult to withdraw earnings from the platform. Clients also complain about high withdrawal fees.

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Regulation of Finexbox crypto exchange

The regulation of a crypto exchange is an important indicator of a platform’s reliability. Before registration, it is necessary to study all the documents of the company to understand who regulates it and the laws of which country it obeys.

Regulator

Crypto exchange Finexbox is managed by FinexBox Inc. According to CoinMarketCap service, the company is registered in Hong Kong.

User Agreement

The finexbox.com website does not have a published user agreement. However, during registration you must agree to the terms of use of the service. When you click on the link to read the document, a blank page opens.

Customer Service

There is no support center, training materials or other pages with necessary information on the website of the cryptocurrency exchange. Therefore, if you have any questions, it is recommended to contact the support service of the service at the following contacts:

• E-mail: [email protected].
• Twitter.
• Facebook.
• Instagram.
• Telegram.

 

Is Finexbox a scam?

Finexbox has been operating since 2013. The crypto exchange is tracked on coinmarketcap and shows a stable daily trading volume. These facts speak in favor of the service. But negative reviews and absence of legal information and user agreement on the website are alarming. Having analyzed all the data, we can’t call Finexbox a scam. But at the same time, we do not advise traders to enter large sums on the exchange.

We advise the administration of the resource to fill the site with up-to-date information about commissions, referral fees, order types, and terms of staking. It is also necessary to publish the user agreement and legal information about the company. This will help to increase the trust of traders to the resource.

 

Conclusion

Cryptocurrency exchange Finexbox – is a Hong Kong-based project offering margin and spot trading in crypto-assets. The exchange offers leverage, which platform users provide by freezing their funds under the staking program. Overall, the project can be called interesting and promising, but with some shortcomings. If you have any questions about the platform, please contact support, but we hope that relevant information necessary for traders will appear on the site soon.