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 Tidex consists of four parts: general information, fees, deposit methods and security.
Tidex is one of the many Russian cryptocurrency exchanges. It supports a rather large selection of trading pairs. On the Russian market, the only cryptocurrency exchange offering more trading pairs is YoBit.
The exchange does not explicitly state that US-investors are prohibited from trading. Accordingly, we do believe that US-investors can trade here.
The below is a print screen showing the trading chart at Tidex. From our perspective, the navigation seems user friendly enough. Which trading chart a person should use is of course solely dependent upon such person’s preferences.
Tidex Trading fees
The exchange offers a flat trading fee of 0.10%. This means that both the taker (the person who places the order that matches (or “takes”) an existing order) and the maker (the person placing the order that provides the liquidity in the market) pay the same fee: 0.10%. 0.10% is below industry average. Industry average is arguably around 0.25%. This is thus a competitive advantage for Tidex.
Tidex Withdrawal fees
The exchange charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This is in line with industry average.
This trading platform does not accept any other deposit method than deposits of cryptocurrencies. This means that new crypto investors can’t trade here. If you don’t have any crypto but still want to start trading at this exchange, you will first have to purchase cryptocurrencies from another exchange and then, as a second step, deposit them here. Use our Exchange Finder tool to find an exchange where you can use fiat currency (regular money) to purchase cryptocurrencies.
The security score received by this Russian cryptocurrency exchange site is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to 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: