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 STEX.com (previously Stocks.exchange) consists of four parts: general information, fees, deposit methods and security.
STEX.com (previously Stocks.exchange) is a Ukrainian cryptocurrency exchange. There are a few Ukrainian exchanges out there constituting some competition. One of those is BTC Trade UA. None of the other Ukranian cryptocurrency exchanges offers such a wide selection of altcoin trading pairs as STEX.com (previously Stocks.exchange) does however.
This trading platform does not explicitly state that US-investors are prohibited from trading. Accordingly, we do believe that US-investors can trade here.
STEX.com Trading fees
This Ukrainian 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 is a very low 0.05%.
STEX.com does accordingly not distinguish between takers and makers.
The fee level is substantially below the global industry average (approx. 0.25%) and really constitutes a competitive advantage for this trading platform.
STEX.com Withdrawal fees
Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. STEX.com charges a withdrawal fee amounting to between 0.001 – 0.002 BTC when you withdraw BTC. This is in line with the industry average.
This trading platform does not accept any other deposit method than cryptocurrencies, so new crypto investors are actually restricted from trading here. If you don’t have any crypto but want to start trading at this trading platform, you will first have to purchase cryptocurrencies from another exchange and then, as a second step, deposit them here. Don’t worry though, we will help you find an exchange where you can purchase your first cryptos by the help of our Exchange Finder. Do the test there now and you will see what alternatives you have.
The security score of this cryptocurrency exchange site is D-, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below the industry average when it comes to the top crypto exchanges.
The exchange reviewed above has a large number of supported cryptocurrencies. If a large number of supported cryptocurrencies is an important factor for you in your choice of cryptocurrency exchange, you could also check out the following exchanges: