US investors permitted
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 UEX consists of four parts: general information, fees, deposit methods and security.
UEX is a medium-sized Singapore-based cryptocurrency exchange. Singapore is actually one of Asia’s biggest birth givers to cryptocurrency exchanges. There are SO many. If we would mention only one of them as UEX’s competitor (gun to our head), it would be Coinut that has received a lot of praise from the crypto community lately.
US-investors should be permitted to trade at this exchange. We have not found any information to the contrary. As always, however, any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.
UEX Trading fees
This trading platform’s trading fees for takers are 0.15% and the trading fees for makers are 0.10%. These fees are both below the global industry average.
The industry average taker fees and maker fees for all cryptocurrency exchanges listed in our Cryptocurrency Exchange List that are based in Singapore (WEX, Coinbene, Triple Dice Exchange, Coinut, COSS, ExcambioRex, Coinhako, FYB-SG, UEX, Cointiger, Kryptono, DragonEX, Coinhub and Tokenomy) are as follows:
Taker fee industry average in Singapore: 0.29%
Maker fee industry average in Singapore: 0.21%
Consequently, the trading fees here are lower than the domestic industry average taker and maker fees also.
UEX Withdrawal fees
UEX charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This is in line with the global industry average and slightly on the high end if comparing to the domestic industry average.
UEX 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. Accordingly, in order to purchase your first cryptocurrencies, you need a so called entry-level exchange. An entry-level exchange is an exchange also accepting deposits of fiat currency. Find one by using our Exchange Finder!
Finally, UEX’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is naturally below industry average when it comes to top crypto exchanges.
If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, find the best cryptocurrency exchange site for you by using our revolutionary matching tool.