A crypto exchange guide must provide reviews of all of the exchanges out there, so that you can find the right one for you. This review of Dex-Trade consists of four parts: general info, fees, deposit methods and security.
Dex-Trade is an exchange from Estonia with an exchange license from the Estonian authorities. It launched in 2019.
As you surely know, the Baltic region consists of three countries: Estonia, Latvia and Lithuania. With this in mind, it might seem odd that out of these three countries, only Estonia is the home of any exchanges (update: there is now also an exchange from Lithuania: BTC Exchange). The likely explanation for this however is that Estonia has a license you can obtain in order to conduct crypto exchange operations as an Estonian company. To our knowledge, there are only two other nations in Europe that have a clear specific legislation on this like Estonia has: Malta and Gibraltar.
This trading platform does not explicitly state that US-investors are prohibited from trading. Accordingly, we do believe that US-investors can trade here.
Most people prefer to do their crypto trading via desktop. But there are also a lot of people doing it via their smart phones or reading tablets. If you are on of those people, you’ll be happy to know that the Dex-Trade trading platform is also available as a mobile app for Androids (and soon also for iPhones).
As for the trading volume, on the date of writing this review (19 November 2019), coinmarketcap.com reports that the 24 hour trading volume was USD 255,502. This trading volume is quite low and could turn out to be a problem for any investor requiring liquidity in his/her trading. Seeing as this exchange launched in 2019, however, the liquidity might very well improve in the future. Trading volume is often a problem for newer exchanges.
Dex-Trade 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 crypto 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 see that it feels right to you. The below is a picture of the trading view at Dex-Trade:
Dex-Trade Trading fees
The one thing we can’t stress enough is that you must always check the trading fees at the exchange you want to trade at. 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.
Dex-Trade charges only 0.002% for takers. There a few zero-fee exchanges out there, but apart from them, this is one of the lowest taker trading fees ever. The global industry average trading fee is arguably 0.25%. Dex-Trade’s fee is as little as 0.8% of the industry average…
But that’s not all. Makers pay only half of what the takers pay here: 0.001%. These fees are incredibly low and competitive.
Dex-Trade Withdrawal fees
Many exchanges have low trading fees but then on the way out hit you with their high withdrawal fees. Dex-Trade charges only 0.0001 BTC for BTC-withdrawals. The global industry average BTC-withdrawal fee is 0.000812 BTC per each BTC-withdrawal, and Dex-Trade charges only 12% of that.
Good job, Dex-Trade!
This exchange accepts fiat currency wire transfer deposits. But, only if you deposit USD. This means that you can’t deposit the EUR, the GBP or any other fiat currency other than the USD, there. In any event, the exchange qualifies as an “entry-level exchange”, enabling new crypto traders to take their first steps into the crypto world at this platform. Credit card deposits are however not possible.
If you are a new crypto investor and you wish to start trading through a credit card deposit (or want to wire transfer another fiat currency than the USD) you can find an exchange offering this option by using our Exchange Finder tool.
Our security score is the result of testing the webpage of each exchange at Observatory by Mozilla (https://observatory.mozilla.org/). Dex-Trade’s security score is C, when performing the test. This is above average when it comes to the exchanges listed in our Exchange List (most of them only receive an F in this test).
Finally, we hope you have enjoyed reading the above review. We also recommend checking out the following exchanges. They are well established in the industry and have also received excellent ratings from the visitors on our site: