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 Trustdex consists of four parts: general information, fees, deposit methods and security.
Trustdex is a Vietnamese cryptocurrency exchange. It is actually the only Vietnamese exchange that we list in our Cryptocurrency Exchange List. Most Asian cryptocurrency exchanges are from any of the other Asian countries.
If you would like to do your trading while on your phone, Trustdex makes this possible. You can download the Trustdex app from both Google Play and App Store. Most people prefer to do their crypto trading on their desktop, but don’t let anyone else tell you what to do.
Trustdex is only open to users from Australia, Bangladesh, Cambodia, China, Singapore, Japan, Indonesia, South Korea, Hong Kong, India, Taiwan and Germany. Or rather, you need to submit a phone number from any of those countries when registering at the exchange. Isn’t that an odd list of countries? Sure, Australia and the biggest Asian countries, we get that. But Germany? Why Germany and not any other European country? I guess we’ll never find out.
In any event, if you’re not from any of the abovementioned countries (or have a cell phone from any of the abovementioned countries), you can’t use Trustdex. Don’t be too sad though, there are many other venues that offer the type of trading this exchange does. Use our Exchange Finder to find out which alternatives you have.
What we find very interesting with Trustdex is what they write in the very bottom of their page:
“TRUSTDEX.IO is a partnership with Gdax. All rights reserved. UK registered number is 10974027”
No further detail as to the partnership with Gdax is presented. Hmm…
Trustdex 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 Trustdex (when not signed in obviously):
Trustdex Trading fees
This cryptocurrency exchange doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. Trustdex offers a flat trading fee of 0.25%. This is in line with the global industry average but a bit on the high end for Asian cryptocurrency exchanges.
Trustdex Withdrawal fees
This exchange charges a withdrawal fee amounting to 1.00% when you withdraw cryptocurrencies (such as BTC). This is an unusual withdrawal fee model, but it is not unheard of.
Most exchanges have a fixed withdrawal fee, regardless of the size of the withdrawn amount. In addition to this exchange, only the following have percentage based withdrawal fees (from lowest to highest): SouthXchange (0.04%), FatBTC (0.05%), Digax (0.10%), BitINKA (0.15%), RippleFox (0.20%), OOOBTC (0.50%), BCEX (0.50%), DOBI Trade (0.50%), iCE3X (0.50%) and LEOxChange (1.00%).
With the fee model that this exchange has, when you withdraw small amounts, it is beneficial to you. If you withdraw 0.01 BTC, the withdrawal fee becomes 0.0001 BTC (moderate). However, if you withdraw 10 BTC, the withdrawal fee becomes 0.1 BTC (absurdly high). Please consider whether this withdrawal fee suits your own trading or not.
At this trading platform, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors.
Trustdex’s security score 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.
As mentioned above, this exchange supports credit card deposits (alone or through the use of any of its associated payment service providers). Other cryptocurrency exchanges that also have this option include: