A crypto exchange guide must provide reviews of all of the crypto exchanges out there, so that you can find the right one for you. This review of STEX.com (previously Stocks.exchange) consists of four parts: general info, fees, deposit methods and security.
STEX.com (previously Stocks.exchange) is a cryptocurrency exchange registered in Estonia. According to information on its website, it has more than 300,000 registered users. This is very impressive indeed.
As you surely know, the Baltic region consists of three countries: Estonia, Latvia and Lithuania. Considering this, it might seem odd that out of these three countries, only Estonia is the home of any cryptocurrency exchanges. And not only one or two either. BTCBear, Jubiter, LATOKEN, Crex24, Kriptomat and P2PB2B are all registered in Estonia.
The only explanation for this however is that Estonia have a license you can obtain in order to conduct cryptocurrency exchange operations as an Estonian company. To our knowledge, there are only two other countries in Europe that have a clear specific legislation on this like Estonia has: Malta and Gibraltar.
STEX.com offers trading in a large number of cryptocurrencies. So if you’re an altcoin trader looking to find that unicorn crypto, chances are that you will find it here.
The platform presents the following things as advantages with its trading platform. Low fees, user friendly interface and a lot of users trusting the exchange. These points are all important factors in your choice of trading platform. We certainly understand why the exchange highlights these factors in particular.
According to information provided to Cryptowisser from STEX.com, US-investor may trade here (as the exchange is FinCen-registered).
STEX.com 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 STEX.com, but in non-signed in mode so not showing any order boxes:
STEX.com Trading fees
This Estonian trading platform doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. The flat fee offered previously ranged from 0.20% per trade, down to the very low 0.05% per trade, but as of January, only verified users are able to trade and withdraw funds. In conjunction with that, the fees were lowered to a flat 0.10%.
The standard fee level (0.10% per trade) is far below the global industry average (approx. 0.25%). Previously, the below picture showed the fee levels. We are still waiting for the exchange to update their information on their site so that we can include a new picture like the one below.
STEX.com Withdrawal fees
Many exchanges have great trading fees but then hit you on the way out with their withdrawal fees. STEX.com charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This is in almost 40% lower than the global industry average of 0.000812 BTC.
All in all, the fees at STEX.com are competitive.
At STEX.com, you can’t deposit via bank transfer (SEPA-transfer for instance) but credit card deposits (and a large number of other payment methods) are perfectly fine. Accordingly, STEX.com qualifies as an “entry-level exchange”. The below picture shows a few of the payment methods available at the platform:
We run all the exchange-websites in Mozilla’s Observatory-test (https://observatory.mozilla.org/). The score in such test is one of many indicators of the exchange’s security. STEX.com received a score of D- in this test. This is a score with room for imrovement. It is worth noting though that out of all the exchanges in our Exchange List, a majority actually receives an F-score.
The above platform has a large number of cryptos you can trade. If a large number of cryptos is important to you in your choice of exchange, you could also check out the below platforms: