- Simple, fast and easy crypto exchange
- Wide variety of payment and withdrawal methods
- Viable reputation
- Great for beginners
- Limited exchange with no advanced features
- Very few cryptocurrencies supported
- Mediocre customer support
- High fees and commissions
Cryptex24 is a cryptocurrency exchange service that allows users to buy and sell Bitcoin and other cryptocurrencies for fiat currency. The exchange was established in 2014 and has been providing reliable exchange services ever since. Cryptex24 focuses strongly on making their services accessible by everyone and therefore provides their services to people around the world, supports three languages, accepts multiple currencies, and provides numerous payment methods. The Cryptex24 crypto exchange is based out of the Czech Republic but does not state the specific location of their headquarters. Cryptex24 is not a regulated cryptocurrency exchange and this comes as no surprise as most cryptocurrency exchanges have yet to become regulated. Besides being unregulated, Cryptex24 has built up a viable reputation in the cryptocurrency industry and is one of the leading crypto exchanges for their large variety of payment offers. However, while Cryptex24 may be a viable exchange solution for some, it may not be for others. Therefore, we have compiled an in-depth review by analyzing all aspects of Cryptex24 so that you can decide whether or not Cryptex24 is right for you.
The trading platform offered by Cryptex24 is very simple and clearly meant for users new to cryptocurrency or beginner cryptocurrency traders. The platform is entirely web based and is accessible via any web browser on desktop computers and smart mobile devices. The platform is intuitively designed and very fast, easy, and straightforward to use. Experienced traders will find the platform to be unsuitable for them as it does not support a charting package for conducting technical analysis or any advanced order types. Also, the platform does not include features like an order book, trade history, market volume, etc. Therefore, the Cryptex24 platform is super simple and only allows traders to make simple market buy and sell orders. All in all, the platform is great for users who occasionally want to buy or sell cryptocurrency but not for serious traders.
As mentioned before, Cryptex24 is a very simple cryptocurrency exchange and the same goes for the number of crypto assets supported. Cryptex24 only supports the buying and selling of three cryptocurrencies; Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). These three cryptocurrencies cannot be exchanged with one another and can only be exchanged for fiat currencies such as; US Dollars (USD) and Euros (EUR). The payment methods supported by Cryptex24 include; MoneyGram, Perfect Money, Western Union, OKPAY, Alipay, Golden Crown, Alfabank Cash, Payeer, RIA, AdvCash, Unistream, and more. All in all, the main selling point of the Cryptex24 cryptocurrency exchange is the number of payment and withdrawal methods supported, rather than extensive markets to participate in and advanced trading tools.
Fees and Commission
The fees and commissions imposed on Cryptex24 users vary greatly depending on the type of fiat payment method used. Overall, the fees incurred for buying and selling crypto assets on Cryptex24 are relatively high compared with the competition. However, if traders choose their payment and withdrawal methods wisely they can reduce their costs, making the fees more bearable. All of the fees are listed on the Cryptex24 website but are quite confusing as they list all the transaction fees between different payment providers for sending fiat currency to one another and throw their cryptocurrency transaction fees in between them in no particular order. Therefore, we found this fee structure very odd and confusing. However, we did discover that the transaction fees for buying and selling crypto range from 1.5% all the way up to 8% per transaction. Also, the rates of the cryptocurrencies listed are generally higher than most other crypto exchanges. Therefore, the overall fees are generally always higher than much of the competition.
Security and Fairness
Cryptex24 is a very safe and secure cryptocurrency exchange that has been successfully operating since 2014. Cryptex24 is a verified exchange provider by numerous money transfer services and is compliant with AML and KYC requirements. Other than Cryptex24’s viable reputation, we cannot comment more on security and fairness as the exchange does not disclose any of the security practices they enforce.
Cryptex24 provides their clients with a decent level of customer support. Support representatives can be reached via email, live chat, and skype. The support received is generally fairly quick with responses taking between 12 – 24 hours. Additional methods of support include a getting started page and an FAQ page. The getting started page is very helpful while the FAQ page is somewhat limited and only provides answers to a handful of questions. Overall, the level of customer support is only mediocre.
The Cryptex24 cryptocurrency exchange is a global exchange service that supports the buying and selling of three of the most popular crypto assets. Cryptex24 is primarily meant for new and beginner level cryptocurrency users. The platform offered by Cryptex24 is very simple, fast, and easy to use, making it a viable exchange for casual crypto traders. The biggest feature of Cryptex24 is the vast amount of payment and withdrawal options available to traders. All in all, Cryptex24 is a viable cryptocurrency exchange but is only best for beginner cryptocurrency users.
The following are the common questions that customers inquired about Cryptex24.
Is Cryptex24 regulated?
No, it is not regulated by any reputable regulatory authorities.
Is Cryptex24 a scam?
No, Cryptex24 is a legit cryptocurrency exchange that is trusted by many in the industry.
Where is Cryptex24 based?
Cryptex24 is based out of the Czech Republic.