UPDATE 1 May 2020: We have not been able to access the website of this exchange lately. Usually when this happens, without any preceding information on system maintenance or upgrades, it is because the exchange has closed down. But it could also be for other reasons. In any event, pending contrary information, we have marked this exchange as "dead" and moved it to our Exchange Graveyard.
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A crypto guide must provide reviews of all of the exchanges out there, so that you can find the right one for you. This review of TiDeal consists of four parts: general info, fees, deposit methods and security.
TiDeal is a crypto exchange that launched in 2018 and is from Hong Kong. The owner of TiDeal is actually a company listed on the Hong Kong stock exchange: Global Token Ltd (8192.HK). There aren’t many crypto exchanges in the world owned by listed companies.
As its three core values, TiDeal lists security, convenience and efficiency. Naturally, these are all very important factors that every platform should strive to have.
As far as we can tell, US-investors can trade at this trading platform. US-investors should however always try to figure out themselves whether there are any problems arising from their trading at one or several international crypto exchanges. Sometimes, state laws stand in the way for certain US-investors’ international crypto trading.
TiDeal Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should 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 crypto 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 see that it feels right to you. We have not been able to access the trading part of TiDeal’s website, as we have not been able to signup to the platform. This means that we have not been able to obtain a view of their trading interface either. We apologize for any inconvenience this may cause.
TiDeal Trading fees
This exchange doesn’t treat takers (persons taking orders off the order book), and makers (persons placing the orders that the first group of persons take off the order book) differently. Instead, they charge something that we call a “flat fee”. This means that they charge both takers and makers 0.10%.
0.10% is a quite competitive trading fee. Global industry average is arguably around 0.25%, and TiDeal’s fees are accordingly a fair bit lower than current global industry average.
TiDeal Withdrawal fees
There are exchanges out there that charge low trading fees but then hit you on your way out with high withdrawal fees. Because once you’re in, you can’t get out without paying withdrawal fees. This exchange, however, is on the opposite side of the spectrum. They only charge the network fees when you do a transaction. The global industry BTC-withdrawal fee is 0.000812 BTC per withdrawal. The network fees vary from day to day but are roughly 15-20% of the global industry average BTC-withdrawal fee.
To conclude on the fees, TiDeal has a competitive offering across the board.
TiDeal does not accept any deposits of fiat currency. This means that new crypto investors (i.e., investors without any previous crypto holdings) can’t trade here. In order to purchase your first cryptos, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!
We run all 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. TiDeal only received an F-score in this test. This is below industry average. However, it is worth noting here that a majority of all exchanges in our Exchange List receive an F-score in this test.
Finally, we hope you have enjoyed reading the above review. We also recommend checking out the following exchanges. They are well established in the industry and have also received excellent ratings from the visitors on our site: