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Exchange Review
This exchange has been flagged as inactive. There are many reasons for being flagged as inactive. We recommend you read the text below to understand why Tux Exchange has received the inactive flag.

Tux Exchange

Exchange Fees

BTC Withdrawal Fee 0.0007 Taker Fee 0.30% Maker Fee 0.00%

Deposit Methods

No Wire Transfer No Credit Card

UPDATE 20 July 2019: This exchange closed down its operations on 6 July 2019. The exchange stated that it was largely due to “unfavorable regulatory conditions”. This was the message through Tux Exchange announced their closure:

Tux Exchange Closing Announcement

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Tux Exchange is a Canadian cryptocurrency exchange.

Tux Exchange does not explicitly state that US-investors are prohibited from trading. Accordingly, we do believe that US-investors can trade here. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.

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 Tux Exchange. The picture is divided into two print screens, one featuring the trading view and the other featuring market detph and buy & sell orders. If you prefer to have all these features in the same trading view, this exchange’s set-up is not for you.

Tux Exchange Trading View

Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order.

Tux Exchange’s trading fees for takers are 0.30%. This fee is roughly in line with the industry average. The industry average is arguably around 0.25%. However, Tux Exchange’s really competitive offering is that they don’t charge the makers any fees. This is of course particularly interesting to you if you most often act as a maker, i.e. someone who places orders not immediately matching orders in the order book.

Tux Exchange charges a withdrawal fee amounting to 0.0007 BTC when you withdraw BTC. This fee is below the industry average and also constitutes an advantage against the majority of other top crypto exchanges in the market.

This exchange does not accept any deposits of fiat currency. This means that new cryptocurrency investors, i.e., investors without any previous holdings of cryptocurrencies, can’t trade here. In order to purchase your first cryptocurrencies, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!