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 ICE3X consists of four parts: general information, fees, deposit methods and security.
ICE3X (also known as iceCUBED exchange or iceCUBED bitcoin exchange) is a cryptocurrency exchange from South Africa. To our knowledge, ICE3X are US-investor friendly meaning that they do not prohibit US-investors from trading. US-investors should as always still do their own independent assessment of any problems arising from their residency or citizenship.
ICE3X also states that the platform is designed to fit the screens of all popular devices such as tablets, smart phones and regular computers. You can test it by resizing your browser window. This can of course be an advantage if you prefer to do your trading on anything other than desktop. Also, the exchange promises that it is carefully developed to look “sharp” with new generation HiDPI /Retina devices.
ICE3X Trading fees
This trading platform doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. The flat trading fee is 0.50%. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model.
0.50% is roughly twice the global industry average. The global industry average is arguably around 0.25%. Any prospective investor should consider whether this exchange has a strong offering to investors in other respects that outweighs the disadvantage of this somewhat higher trading fee.
ICE3X Withdrawal fees
ICE3X charges a withdrawal fee amounting to 0.0004 BTC when you withdraw BTC. This fee is below the industry average and thus constitutes a competitive advantage against the majority of other top crypto exchanges in the market.
At ICE3X, you can deposit through both wire transfer and credit cards. This can be helpful particularly for newer crypto investors.
ICE3X’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.
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.