UPDATE 27 December 2020: CPDAX will be closing down its business. They announced this on their website through the following message:
In spite of the difficult internal and external virtual asset market atmosphere in 2020, the company has made efforts to form a market based on safety and trust.The uncertainty of the internal and external regulatory environment and all the capabilities of the company are based on blockchain core technology.
In order to focus on the platform business, MYKEEPiN alliance, and ThePOL service, we decided to end the virtual asset exchange service, which is a non-key business, and accordingly, we want to announce the end of the transaction service for all virtual assets of the exchange.
Members who wish to continue investing and trading virtual assets are encouraged to withdraw their assets to other exchanges and use them. For more information, please check the announcement.
Accordingly, we have marked this exchange "dead" in our database and moved it to our Exchange Graveyard.
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CPDAX is a South Korean cryptocurrency exchange. It launched in September 2017. South Korea is – together with Hong Kong and USA – one of the bigger country players in the world of cryptocurrency. It is the home of 9 exchanges listed in our Cryptocurrency Exchange List. These 9 exchanges are Bithumb, Coinone, Korbit, Upbit, Allbit and CPDAX.
The exchange is available in the following languages: English, Korean and Chinese.
If you would like to use the trading platform while on your mobile, that is indeed possible. The trading platform is available as a mobile application for both iPhones and Android phones.
CPDAX does not explicitly state that US-investors are prohibited from trading. Accordingly, we do believe that US-investors can trade here. This thought is further supported by the fact that the platform is available in the English language (denoted by an American flag). However, any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.
CPDAX 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, 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 CPDAX:
CPDAX Trading fees
This exchange charges flat fees (i.e., the same fees for takers and makers). They have set their flat fees at 0.15%. This is below the historic global industry average of 0.25% and thus constitutes an advantage for CPDAX. However, we are seeing more and more exchange moving to lower trading fees, such as 0.10% and 0.15%. In any event, the trading fees charged by CPDAX are not "off market" in any way.
CPDAX also offers trading fee discounts when you have a large trading volume during the preceding 30 days. Trading fees can become as low as a flat 0.05%. That is if you have a trading volume exceeding KRW 10 billion (equal to roughly USD 8.2 million) during the last 30 days. The exact trading fee discounts are set out in the below table:
CPDAX Withdrawal fees
CPDAX's withdrawal fee is 0.0006 BTC per BTC-withdrawal. This fee is roughly in line with the industry average. The global industry average BTC-withdrawal fee the last time we at Cryptowisser did a full-blown empirical study of it was approx. 0.0008 BTC per BTC-withdrawal. But today, we see more and more exchanges charging 0.0005 BTC per BTC-withdrawal, so one could argue that 0.0005 BTC is starting to become the new industry average.
This exchange does not allow credit card deposits (but it does allow wire transfer deposits). Consequently, CPDAX is not the right place for you if you insist on using your credit card when depositing funds to your chosen cryptocurrency exchange. To find an exchange where credit card deposits are possible, you can always use our Exchange Finder or use the filters in our Cryptocurrency Exchange List.