IDCM is this a scam? Review and Customers Reviews

IDCM – exchangewhich is a subsidiary project of IDCG. This is not an ordinary marketplace, but a whole alliance of super-nodes. The company appeared in 2017 and is rapidly gaining popularity among users.

In our review, we will analyze in more detail the opportunities implemented by the trading platform, and find out if IDCM is a scam or a reliable company in the financial market.

Why IDCM?

IDCM – exchange for trading cryptocurrencywhich was created in 2017. It is known that the company was created by successful people with a lot of experience on the sites for cryptocurrency trading. Unlike other projects, the site idcm.io you can find detailed information about the founders, executives, and directors. Many of the team have worked for global companies and pass on their experience to the stock exchange.

IDCM also offers the so-called “IDCM Alliance”, which is an alliance of cryptocurrency exchanges. The alliance facilitates the start of crypto exchanges and provides ongoing support to users. This alliance includes at least 12 digital asset exchanges from 6 countries. The platform provides not only comfortable, but also profitable conditions for cooperation. The exchange features 50 major coins in 100 trading pairs with BTC, ETH, USDT and VKHD (the digital currency token HDK). The site itself has a multilingual interface, which is presented in 8 languages, but the disadvantage is the lack of a Russian version, which may create problems for users from the CIS countries.

The advantage is that the company has its own IDC token (IT), which provides access to all IDCG products. It is used to exchange alliances and provides access to all DApps on the site. The token has a wide range of uses, including revenue sharing, self-service listings, mining, DApp services and financial management revenue. The site also features an interesting blog with the latest company news and informative articles on financial topics. The blog is available in both English and Chinese.

In many respects, the platform is similar to its competitors, but from among them the project stands out some features, namely:

• The company is a global exchange using a consensus mechanism. Alliances is a global digital currency trading platform.
• The existence of an alliance ensures the exchange of liquidity and the absorption of additional liquidity from OTC trading. Exchanges can reach five times the trading volume, making the organization a global network.
• The exchange provides exclusive marketing services, alpha trading strategies, more execution options, and daily market information. This level of service is provided by trading professionals who work on the project every day.
• Providing access, development and operational support to DApps platforms, such as games, commerce, e-commerce and communities. This allows DApp platforms to form a new blockchain system.

Another advantage is that because of the existence of the alliance, which covers more than 60 countries, the activities of the joined companies are closely monitored. All organizations form a global barrier of legal protection. Unqualified sites cannot join the alliance. The trading terminal itself can be found by going to the “Trading” tab on the website idcm.io. The terminal has a standard set of parameters for comfortable trading. The client can find convenient charts, info panel with basic information about the trading pair, table with the last deals, order stack and order panel. Two types of orders are available – market and limit orders.

In order for the client to have constant access to the exchange, a mobile application was created. This option is great for traders who do not have constant access to a computer or laptop. Both iOS and Android versions are available.

How to exchange cryptocurrency on the platform idcm.io?

To exchange cryptocurrency, the user must first select a trading bar and fill out the appropriate form called “Sell”. After that, select the price and click on the button. Then an order is created for the transaction, and the client will be able to exchange the cryptocurrency (How to Make Money on Cryptocurrency?).

Verification on the IDCM platform

Verification is not a mandatory process on the exchange, so it does not affect users’ trading in any way. If the trader has decided to verify his identity, he must specify the following data in the verification form:

• country;
• a document confirming your identity (passport, driver’s license, id card);
• full name and surname;
• some parameters of the document.

It is also necessary to upload a scan of the document the user has chosen to confirm his identity and take selfies with it in hand. There are separate requirements for uploaded photos:

• The file must be less than 5 MB and in JPG, PNG or BMP format only.
• The document must be in the user’s name only and with a handwritten note for verification. If the client provides false information, their profile will be blocked and liability will be imposed for the consequences.
• If the identification was successful, it cannot be changed.

On average, the verification process takes from several days to several weeks.

Deposit and withdrawal

The client has the ability to make deposits in both cryptocurrency and fiat currencies such as: USD (Cryptocurrency Trading Strategies). To deposit the balance, you need to hover over the name of your account and select the section “Assets”, after which a page listing all the currencies that are currently available will open. It is necessary to select the desired currency and click on the “Deposit” button, after which the form for depositing money will open.

Next, you need to copy the address that was generated for the wallet, and paste it into the “Recipient Address” column where the client wants to transfer funds. After that, the specified amount will be transferred to the exchange.

Withdrawal of earnings

To withdraw money from the exchange, you need to select “Withdraw” in the same “Assets” section and fill out the appropriate form:

• enter the address of the wallet to which the transfer will be made;
• specify the number of coins to withdraw;
• see how many coins will be withdrawn from the account including the fee;
• press the Withdrawal Confirmation button.

After the funds will come to the specified address purse.

Cryptoexchange Commission

There are two types of commissions on the exchange – for trading and for deposit/withdrawal of funds. Commission for trade transactions is 0.2% for any transactions. Also on the exchange there is trading in fiat currencies, where the commission is 0.25% per order. There is no commission for cryptocurrency deposits, but for fiat currencies the commission is 2%. For withdrawal of fiat currencies – 3%.

IDCM bonuses

Currently on the website idcm.io there is no information about available actual bonuses, however an affiliate program has been implemented for active users, who want to earn additional income. It is possible to invite clients by means of a special QR code or an invitation code. Users receive 20% from trade fees. For second level referrals a client can get 10% of fees. The commission is sent to the account immediately after checking by the exchange staff. The site also states that IDCM will not pay commissions on fraudulent accounts. Fraudulent activities include, but are not limited to, creating multiple accounts, creating fake accounts, and completing related orders.

Complaints about IDCM

Since the platform has been on the market for two years, you can find a considerable amount of feedback from customers on the Internet. In general, users are satisfied with the conditions provided by the company. However, there are also negative comments about the exchange. Most often, residents of the CIS countries are dissatisfied with the lack of a Russian-language version of the site, which significantly complicates the work with the site.

If there are any reviews about the IDCM exchange, we will be sure to post the information on social media. Sign up so you don’t miss anything!

Please keep yourself informed about news and complaints. We copy the most valuable information to social networks, so please sign up!

Regulation of the crypto exchange idcm.io

With the transition of financial institutions to the Internet, there are more and more fraudsters who deceive users. To protect yourself from the experience of cooperation with an unscrupulous project, you should carefully check the availability of the license, as well as the necessary documentation on the site of the project. The site lacks information about the registration data, there is also no user agreement and other legal documents. However, previously, a document of the user agreement was published on the site of the exchange.

Idcm.io User Agreement

The “User Agreement” is a document that contains basic information about cooperation with the project, as well as the duties of the organizers and customers. Each user should read the agreement before starting registration. Let’s consider some points of the document in more detail. The document refers to the fact that the company reserves the right to make unilateral changes to the content of the agreement at any time and notify users of changes by announcement without separate notification or receipt of any form of consent or approval from the client in advance. If the trader continues to use the service after the announced changes in the content of the agreement, it means that he has read, understood and accepted the revised agreement, and will comply with the revised agreement and continue to accept the service. If the client does not agree with the revised agreement, he must stop using the service and fulfill the relevant formalities according to the rules of the company.

By participating, the user should be aware of the risks in the digital asset trading market. The site is a platform for trading digital assets and does not participate in any of the transactions as a buyer or seller. The organizers are not responsible for any circumstances and consequences arising from the token list.

The Company and the website have the right to exclude tokens without consent or notice if any of the following circumstances exist on an alliance exchange:

• the project team is disbanded or the tokens are no longer supported by the user or project party for use;
• the project participant applies for delisting according to his or her own experience;
• the daily trading volume of the trading pair is less than 5 BTC for 7 days in a row or the order of the trading pair is not completed within 24 hours;
• the token transaction is suspicious or suspected of violating the law;
• acceptance of tokens in the community is detrimental to the interests of the community;
• a party to the project violates the agreement and terms of the user agreement, privacy statement, or anti-money laundering policy;
• The user or token dealer files a complaint and problems arise after verification;
• the contributor provides false information, has fraudulent behavior, causes damage to the company, the website, IDCM Alliance and users;
• there is serious negative information about the side of the project that has been verified;
• due to changes in policy, regulatory standards, or other compliance standards.

The Company reserves the right to change, suspend or discontinue the services offered on the website at any time, without prior notice.

The organizer does not make any explicit or implicit warranties regarding the client’s use of the services offered on the website, including but not limited to applicability, freedom from errors or omissions, consistency, accuracy, reliability and applicability for a particular purpose. In addition, the company makes no commitment or guarantee as to the accuracy, precision, correctness, reliability, quality, consistency, integrity and timeliness of the technology and information covered by the services offered on the site. Entering the site or using the services provided by this site is a personal decision of the user, and therefore he/she bears all risks and possible losses associated with such a decision.

IDCM Help Desk

You can choose one of the presented options to contact the support service:

• email: [email protected];
• social media.

Also on a separate page you can find answers to the most popular questions from users.

Is IDCM a scam?

IDCM – an exchange designed for cryptocurrency trading, which appeared on the financial market in 2017. The creators of the company are professionals in the field of trading, who previously worked in leading organizations. The company is a member of the so-called alliance, which is an alliance of cryptocurrency exchangers, uniting customers from more than 60 countries. The platform provides a comfortable and profitable trading environment. The exchange features 50 major coins in 100 trading pairs with BTC, ETH, USDT and VKHD (a digital token currency HDK). The site’s interface is presented in 8 languages, but there is no Russian-language version at the moment. The organization also has its own token IDC (IT), which provides access to all IDCG products.

For active traders an affiliate program is provided, with the help of which a client can earn extra income. Also, in order to provide round-the-clock access to the trading platform from any location, a mobile application was developed. Both Android and iOS versions are available. The company appeared in the financial market more than two years ago, so you can find a large number of reviews from customers on the Internet. In general, the organization has a positive reputation, but there are also negative comments from users. After analyzing the opportunities implemented by the project, can we conclude that the company IDCM is a fraud and scammers? No, because the project has been working successfully for two years and relies on the legal framework during the provision of its services.

Conclusion

IDCM – is a relatively young exchange for trading cryptocurrency, which appeared on the network in 2017. In a short period of time, the project has gained popularity among users around the world and continues to actively develop. The platform has comfortable conditions for trading, a set of tools, charts and analytical information. However, many clients are not soberly assess their capabilities and possible risks, so before starting registration, it is necessary to read the documentation and the rules of cooperation. At the moment, the exchange looks good among the competitors, but it has its disadvantages. If you are or have been an IDCM client, leave your impressions about the service on our site.