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
Most crypto exchanges charge two different types of trading fees: taker fees and maker fees. The taker is the person who picks up an existing order from the order book. The maker, on the other hand, is the person who creates an order that is not immediately matched against an existing order on the order book. Makers are often rewarded for creating liquidity on the platform by a lower trading fee than takers. Exchanges that do not make a distinction between takers and makers charge what we call “flat fees”. STEX.com charges 0.20% for both takers and makers.
According to the largest and most recent empirical study on crypto exchange trading fees, the average spot trading taker fee is currently 0.2181% and the average spot trading maker fee is currently 0.178%.
Compared to those average trading fees, STEX.com's taker fees is below the industry average and maker fees is above the industry average.
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: