US investors permitted
A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of EXX consists of four parts: general information, fees, deposit methods and security.
EXX is a Hong Kong cryptocurrency exchange. There are loads of coin exchanges from Hong Kong. Hong Kong is in a way the Mecca of cryptocurrency trading. A non-exhaustive list of competitors to this exchange on its home turf is Binance, Bit-Z, KuCoin, Gatecoin, BitFlip and CoinEx Market.
The exchange seems to allow US-investors. However, as always, US-investors should do their own independent assessment of any problems arising from their residency or citizenship.
An interesting feature with this exchange is that it allows you to have up to 10 sub-accounts. In that way, you can invest and segregate your funds.
EXX Trading fees
This exchange doesn’t charge different fees between takers and makers. Their fee model is instead a “flat fee model”.
Their flat fee is at 0.10%. This fee is far below the industry average which is around 0.25% and thus constitutes a strong competitive advantage against the majority of other top crypto exchanges in the market. Maybe it even makes EXX the best cryptocurrency exchange site for you.
EXX Withdrawal fees
The exchange charges a withdrawal fee amounting to [Y] when you withdraw BTC. This is in line with industry average.
EXX does not accept any other deposit method than cryptocurrencies, so new crypto investors are restricted from trading here. If you are a newbie and you’re so deeply fond of EXX that you still want to trade here, you will first have to purchase cryptocurrencies from another exchange. Then, as a second step, you can deposit them here.
EXX’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges. Security is an important feature that you must always consider.
If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, please use our Exchange Finder here to find out which exchange has the best cryptocurrency exchange site for you.