UPDATE 28 April 2022: IDCM has rebranded into Klickl.com. Please see our review of Klickl.com instead.
Accordingly, we have marked this exchange as "dead" and moved it into our Exchange Graveyard.
What is IDCM?
IDCM is a Chinese cryptocurrency exchange with a smaller selection of trading pairs. It has been active since 2017.
Most people do their cryptocurrency trading while on their desktop. However, if you prefer to do it while on your Android or iPhone, that’s not a problem with this trading platform. The platform is available also through mobile use. You can download the app on the App Store or Google Play.
This exchange launched in April 2018. Back then, it had decent liquidity in its order book. Six months since its launch (on 19 September 2018), the platform had a 24-hour trading volume of USD 74 million. At the time it was ranked no.18 in the list of exchanges with the highest trading volume, according to Coinmarketcap. In fact, IDCM was at that point in time almost always one of the top 20 crypto exchanges every day with respect to trading volume.
The above value increased to USD 1.23 billion on 20 March 2020, two months before the scheduled Bitcoin halving. On the date of last updating this review (2 December 2021), IDCM's trading volume stood above USD 673 million. In conclusion, the liquidity at IDCM is very fairly decent.
To our understanding, the exchange allows US-investors to trade here. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency. However, any investors from countries subject to sanctions, such as Afghanistan, Iraq, Iran, Yemen, Kuwait, Lebanon and a few others are not permitted to trade here.
IDCM 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 IDCM:
IDCM Trading fees
At this trading platform, they don’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. Their flat fee model is 0.20%. This is in line with the historic global industry average trading fees (being around 0.25%), but compared to most of the newer exchanges who only charge 0.10% or 0.15%, this trading fee is a bit high.
IDCM Withdrawal fees
The exchange charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This fee is below the global industry average. No other cryptocurrency exchange in China has a BTC-withdrawal fee that is this low.
All in all, the trading fees and withdrawal fees at this exchange are very competitive from both an international and national perspective.
Here, they offer wire transfer as a deposit method, but you can’t deposit via credit card. If you for any reason must deposit via credit card, you should use the Exchange Finder to find out which cryptocurrency exchanges that allow credit card deposits.