UPDATE 23 March 2023: When trying to access the website of CBX today, we were unsuccessful. We can enter the site, but it never stops loading. We can't use it. As far as we know, there have been no preceding messages on system maintenance or new websites or anything similar. The trading volume of the platform is also listed as "untracked" on Coinmarketcap.com.
Accordingly, we believe that this exchange has closed down (even though the domain is still alive) and we have marked it as "dead" in our Exchange Graveyard. If the exchange's website would become accessible again and the error is just temporary, we will "revive" it and bring it back to our Exchange List.
To find a reliable exchange where you can start an account, just use our Exchange List and we'll help you find the right platform for you.
What is CBX?
CBX is one of the exchanges based in the United Arab Emirates. It launched in November 2018. The parent company to this exchange is Connect Blockahin DMCC, which also has a license for crypto trading.
On the date of writing this review (17 September 2019), the exchange noted on its website that it had users from 76 different countries.
CBX does not explicitly prohibit US-investors from trading on its exchange. In any event, all US-investors should still perform their own analysis of whether their home state imposes any legal obstacles to them trading at any of the exchanges that could otherwise be the best cryptocurrency exchange site for them.
CBX also has an OTC-desk. With an OTC-desk, you can execute larger trades with quick settlement. Trades that you for pricing reasons (also known as “slippage”) don’t want to execute on on the open market.
CBX Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book. Or, at least part of the order book. They also show a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at CBX:
CBX Trading fees
The one thing we can’t stress enough is that you must always ascertain the trading fees at any exchange you are interested in. Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers make the liquidity in a market and takers remove this liquidity by matching makers’ orders with their own.
CBX’s trading fees for takers are 0.20%. This fee is in line with industry average. The exchange also offers a discount to makers, who trade at a fee of 0.10%. This is especially beneficial for the investors not interested in picking up existing orders from the order book.
CBX Withdrawal fees
CBX charges a withdrawal fee amounting to 0.002 BTC when you withdraw BTC. This is a substantially above the global industry average, being 0.000812 BTC per BTC-withdrawal.
All in all, CBX’s trading fees are in line with – or even slightly below – the global industry averages but their withdrawal fees are above.
This exchange does not accept any other deposit method than cryptocurrencies. Accordingly, the exchange is not directly available to new crypto investors. If you are a new crypto investor and you wish to start trading there, you will have to purchase cryptos from another exchange first and then deposit them at the exchange. To find such other exchange, you can use our Cryptocurrency Exchange List or our Exchange Finder.