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 YunEx consists of four parts: general information, fees, deposit methods and security.
YunEx is a coin exchange registered in the British Virgin Islands. For being a country with a population of only 30,000 people, the British Virgin Islands has a surprisingly large number of coin exchanges: 5. Ethfinex, InfinityCoin Exchange and most prominently Bybit, are the other ones.
The exchange permits US-investors as far as we can tell. There are at least no clear statements saying that they are prohibited. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.
As its main advantages, YunEx promotes that it has fast trading, a professional security architecture and also professional charting tools. We clearly get the feeling that thees advantages speak more to the professional crypto traders than to the newbies.
You can also use a mobile application version of YunEx. All you need is an Android phone or iPhone in order to download the app for free.
YunEx 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 YunEx:
YunEx Trading fees
This exchange doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. The flat fee is 0.20%, which is slightly below the global industry average sitting at 0.25%. Their trading fees are thus competitive.
YunEx Withdrawal fees
The withdrawal fees charged at this exchange are 0.001 BTC when you withdraw BTC. This is roughly in line with the global industry average (0.0008 BTC).
At YunEx, you can deposit through credit card, but not via wire transfer. This is a quite unusual type of permitted deposit methods. Normally, wire transfers are permitted but not credit card deposits. The reason
One should generally look out for the different deposit fees charged by exchanges for deposit of fiat currencies via wire transfer or credit cards, and whereas it might be indifferent to you whether you should deposit via wire transfer or credit card, it might be very different fees. Some exchanges charge a deposit fee of up to a staggering 11% for credit card deposits.
If you need an exchange where you can deposit via wire transfer, check out our Cryptocurrency Exchange List and look for the green checkmark in the column “Wire”.
We run all the exchange-websites in Mozilla’s Observatory-test (https://observatory.mozilla.org/). The score in such test is one of many indicators of the exchange’s security. YunEx received an F- score in this test. This should however be viewed in light of the fact that F is the Mozilla Observatory-score received by the majority of all exchanges in our Cryptocurrency Exchange List.
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: