UPDATE: On 26 April 2019, this exchange announced that they were to close down operations. The reason for doing so was “due to some business adjustments”, an explanation that we feel is far too general. Users had to withdraw their funds before 10 May 2019.
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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 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 UEX:
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 Exchange List that are based in Singapore (Coinbene, Coinut, COSS, Coinhako, 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
When you withdraw BTC here, the exchange charges a withdrawal fee amounting to 0.001 BTC. This is in line with the global industry average but maybe 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!