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Graviex

4.5 from 2 votes
Russia

Fees

Taker fee

0.2%

Maker fee

0.2%

Withdrawal fee

0.0004

Funding methods

Wire transfer

Credit card

Other crypto

US investors permitted


Graviex Review

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 Graviex consists of four parts: general information, fees, deposit methods and security.

General Information

Graviex is another coin exchange from Mother Russia. It launched in February 2018.

Russia has a fair share of coin exchanges. In addition to Graviex, the list includes YoBit, Tidex, C-CEX, NIX-E, Cash2PM, Cryptex24, Gocio, Imexchanger, Simex, and RuDEX.

This exchange offers trading in a decent number of cryptocurrencies. You will find all of the biggest cryptos here, and also a few of the less known ones. The exchange is also currently developing a Mobile App. It will be very interesting to see the outcomes of such development.

The company running the exchange is GRAVIEX Ltd, headquartered in Malta. The exchange clearly states the visiting addresses and contact details of the exchange’s offices on its website. This does provide some level of comfort to the users of the exchange. If the exchange had been fraudulent, it is less likely that it would provide ownership and visiting address details on the website.

As far as we can tell, Graviex does allow US-investors on its trading platform. There is at least not any explicit prohibitions on the exchange’s website. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.

Graviex Fees

Graviex Trading fees

This exchange offers a flat trading fee of 0.20%, meaning that both the taker and the maker in a trade pay 0.20% of the trade’s order value. 0.20% is slightly below the global industry average which is arguably around 0.25%.

It should be noted here that many exchanges have trading fees that are reduced as volumes are increased, meaning that you are incentivized to trade in higher volumes. The fees listed in this review and in the comparison table are excluding any such volume discounts.

Graviex Withdrawal fees

If you want to withdraw BTC from this exchange, you will have to pay 0.0004 BTC in withdrawal fees. This is actually quite competitive. The global industry average BTC-withdrawal fee is 0.0008 BTC, so Graviex charges 50% of that.

All in all, the fees are sufficiently competitive at this exchange compared to the global industry averages.

Deposit Methods

Graviex does not accept any deposits of fiat currency. This means that new cryptocurrency investors (i.e., investors without any previous holdings of cryptocurrencies) can’t trade here. In order to purchase your first cryptocurrencies, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!

Security

Graviex has an OK security score. We run all exchange-websites in Mozilla’s Observatory-test (https://observatory.mozilla.org/), and Graviex received a C-score. This is decent, but there is also room for improvement. However, in all fairness, a majority of cryptocurrency exchanges receive an F in this test.

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If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, find the best cryptocurrency exchange site for you by using our revolutionary matching tool.

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