- Very low and competitive fees
- Great trading platform
- Wide range of cryptocurrencies supported
- Good customer service
- Not regulated
- New exchange
- Help section is lacking depth
EXX is a relatively new cryptocurrency exchange that was just established in 2017 and based out of Hong Kong. The exchange is committed to the popularization of digital assets on a global scale as they accept traders from all around the world and offer their services in Chinese, English, Korean, and Thai.However, they primarily serve the South East Asian markets with little interest from the west. EXX is owned and operated by EXX Group Limited, who is comprised of a diverse team of professionals with over 10 years of security and financial businesses experience. The EXX exchange is committed to providing professional trading services with convenient transaction processing and quality customer service. As well they are committed to security and overall user experience. EXX is not a regulated exchange which comes as no surprise, as the exchange is very new and the cryptocurrency market as a whole is largely unregulated. Since EXX is such a new cryptocurrency exchange, can they be trusted? Do they provide competent trading services? Let’s find out in the following review where we’ll take a deep dive into all aspects that make up this exchange and discover whether they can be trusted and how they stack up to the competition.
Like most cryptocurrency exchanges, EXX features their very own proprietary web-based trading platform. The platform is very well designed and is comparable and familiar with other leading crypto trading platforms. It is simple and easy to use by facilitating quick order placements for fast trades. As well, traders can view all the necessary data for technical analysis. Information such as orders, volume, and market sentiment are shown next to the charts. Also, the charts themselves are highly sophisticated by featuring an array of technical indicators, drawing and analysis tools, time frames, and chart types. The charts can be viewed alongside the order window and other information or in full screen mode for deep technical analysis.
In addition to the web based trading platform for desktop computers, the EXX exchange also features a downloadable mobile application for both iOS and Android devices. The mobile platform allows users to manage their account from their phone and execute simple functions available on the web-based platform. All in all, both the mobile and web-based trading platforms provided by EXX are sufficient platforms that get the job done.
EXX is a cryptocurrency exchange and therefore offers trading in the crypto markets with crypto to crypto pairs as well as fiat to crypto and vise versa. The fiat currencies supported include the US Dollar (USD) and the Chinese Yuan (CNY). As for cryptocurrencies, EXX features nearly 50 different cryptocurrencies and is constantly adding new ones. The cryptos featured on their platform include the most popular and highly liquid cryptos like Bitcoin (BTC) and Ethereum (ETH), as well as newer low market cap cryptos. The markets in which these cryptocurrencies can be traded include CNYT, USDT, BTC, and ETH.
Fees and Commission
EXX provides traders with very competitive trading fees which are standard across all trades they make. Both maker and taker fees are the same and are set at 0.1% per trade. This fee is considered quite low as many crypto exchanges charges fees as high as 0.25% or more. As for deposits and withdrawals, all deposits are free of charge and withdrawal fees vary between cryptos. To give an example of the withdrawal fees, Bitcoin can be withdrawn for 0.001 BTC, Bitcoin Cash is 0.0003 BCH, and Litecoin withdrawals are 0.005 LTC.
Security and Fairness
The EXX exchange is still very new, so it’s hard to say how safe and secure the exchange is. As well, it’s not regulated much like most other crypto exchanges. However, even though they are relatively new, we must look at the security features they offer. EXX claims to have a robust security system complete with offline cold storage, multi signature wallets, geographically redundant cloud services, SSL encrypted traffic, and strict procedures for securing client accounts. Also, customers can secure their accounts with two factor authentication techniques.
The customer support provided by EXX is rather limited for English speaking users. The exchange supports live chat, but we couldn’t reach an English speaking support representative. Other methods of support include email, where support in English can be received. The support representatives are available 24/7 and are very quick to respond. Additional methods of support include contact through QQ, WeChat, Weibo, Facebook, Twitter, and Telegram.
The EXX exchange may be relatively new and unpopular, but they provide professional and superior trading services to cryptocurrency enthusiasts around the world. The trading platform offered by EXX is very good by operating smoothly and supporting all the advanced features a trader needs. EXX features an extensive number of crypto assets and even supports fiat currencies. The exchange also appears to be very safe and secure, although only time will tell if they can really be trusted. All in all, EXX seems to be a great cryptocurrency exchange with a bright future.
The following are the common questions that customers inquired about EXX.
Is EXX regulated?
No, it is not regulated.
Is EXX a scam?
No, but we are not sure. The exchange is relatively new and does not have much of a reputation yet. However, it does have many users from the Asian markets.
Where is EXX based?
EXX is based out of Hong Kong.