What is ChainEX?
ChainEX is a centralized cryptocurrency exchange that originated in South Africa and commenced operations in 2018.
US-Investor Restrictions:
Unfortunately, as of today, US investors are not permitted to trade on ChainEX. Interested US investors will have to wait for potential changes in the future.
Referral Program:
ChainEX features a referral program that allows users to earn bonuses. The multi-tiered program enables users to receive a percentage of trading fees from direct invitees and their subsequent invitees, extending down to the fourth level.
ChainEX Trading View:
Different exchanges offer various trading views. ChainEX's trading view includes the order book, price chart, and order history. Users are advised to assess the trading view to ensure it aligns with their preferences.
Trading Fees on ChainEX:
ChainEX implements a maker-taker fee structure. Takers are charged a fee of 0.10%, which is lower than the industry average. Notably, makers do not incur any fees, promoting liquidity on the exchange. ChainEX also employs scaling fees based on trading volume.
Withdrawal Fees:
Withdrawal fees on ChainEX are competitive, with a charge of 0.0003 BTC per BTC withdrawal, significantly below the global industry average. The fees vary depending on the cryptocurrency being withdrawn.
Deposit Methods:
ChainEX supports fiat currency deposits, specifically in South African Rand (ZAR). However, credit card deposits are not accepted. Users seeking alternative deposit methods should explore other exchanges that align with their preferences.
Entry-Level Exchange:
With the provision of fiat currency deposits, ChainEX serves as an entry-level exchange, welcoming new investors to embark on their cryptocurrency journey.
By organizing information under distinct headers, this overview provides a structured and comprehensive understanding of ChainEX and its key features.
What are the trading fees on ChainEX?
ChainEX implements a maker-taker fee structure. Takers are charged a fee of 0.10%, which is lower than the industry average. Notably, makers do not incur any fees, promoting liquidity on the exchange. ChainEX also employs scaling fees based on trading volume.
Does ChainEX offer leverage trading?
ChainEX does not currently offer margin trading or leverage options.
Is ChainEX safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
