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Tidex – Crypto Exchange Review
tidex exchange

Tidex

By

Tidex Exchange Review

Searching for a trustworthy crypto-trading platform? This blog will help you decide if Tidex Exchange is the one for you. See its safety, fees, liquidity and more! Get the info you need to make a knowledgeable decision. Are you ready to find out if Tidex Exchange is perfect for your crypto-trading?

What Is Tidex

Tidex is a crypto-exchange that has been giving access to many digital assets since 2017. The platform is part of Wave Financial Group. It combines traditional banking with innovation to offer a secure, fast and efficient trading experience.

  • Users can buy/sell/exchange cryptocurrencies for fiat currencies like USD, Euro, or GBP.
  • The trading platform uses order books and trading pairs.
  • People can do transactions with each other using Tidex wallet services. 2FA secures all transactions.
  • Prices depend on the market where traders set their own prices.

In summary, Tidex is an email-based crypto-exchange platform with features for traders from all around the world. It has trading pairs of over 500 digital currencies. This makes it suitable for both novice and experienced investors.

Advantages and Disadvantages of Tidex

Let’s take a look at the pros and cons of Tidex to make an informed decision:

Advantages:

  • Traders on Tidex have access to helpful resources such as price alerts, crypto news, research articles, etc.
  • Further, the fee structure is attractive with a 0.10% trading fee and one-time/flat fee for withdrawals (0 – 2 tokens per withdrawal).
  • The customer service is excellent, offering 24/7 online live chat support.

Disadvantages:

  • Tidex only offers cryptocurrency markets which limits financial tools like leverage or margin borrowing.
  • Additionally, there is no mobile version available and no customer rewards program.

Cryptocurrencies on Tidex

Tidex provides an extensive range of crypto coins, like Bitcoin (BTC) and Etherium (ETH).

Tidex Features

  • User-friendly and intuitive mobile app with charting tools and order book.
  • Leverage of up to 1:8 is available with risk management.
  • Competitive trading fees from 0% to 0.2%. Fees depend on your net 30-day trading volume or account balance each day – whichever is greater.
  • Withdraw directly from their wallets without extra fees – making it one of the most cost efficient exchanges out there!

Tidex Trading Options

On Tidex there are various trading options are available like spot and margin trading, plus a selection of trading pairs.

When trading on Tidex, users can choose market or limit orders. Market orders are executed according to market prices and limit orders are only filled if their set price is matched. Be sure to check out their fees and education resources for safe trading.

For those seeking extra features like margin trading, social trading or margin lending, take time to know the user interface before starting investments.

How to Create and verify a Tidex account

To join the fun, you have to create an account and go through the verification process with Elite Way Development LLP.

Creating and verifying your account is easy. Go to their website and click “Create Account“. Enter your info like name, email, birth date, phone, and password. Then upload a pic of your driver’s license or passport to verify your identity.

Submitting the documents takes only 24 hours. After approval, log in with your username and password and start buying and selling with security.

How to Deposit and Withdraw money on Tidex

Decide which currency you want to fund your account with. The exchange accepts fiat currencies and crypto-currencies like Bitcoin, Ethereum, Ripple, Litecoin, Dash etc. Enter the amount in the field then click ‘confirm’.

Before trading, know the withdrawal limits set by the exchange. Bank transfer withdrawals take up to three working days. Some crypto payments require 20 confirming blocks from miners. Initiate the withdrawal process. Provide wallet address or recipient’s bank details and click ‘withdraw’. Check fees before initiating transactions. Withdrawals typically take up 10 minutes or less.

It is recommended to use two wallets (hot & cold) for larger amounts of money. This ensures secure & efficient transfers. Following these steps will help ensure smooth deposits and withdrawals using Tidex Exchange.

Tidex Fees and Limits

Tidex is a crypto exchange in Estonia. It has low trading fees at 0.25%. It is one of the lowest in the market. Other exchanges have 1%. Its withdrawal fee is also low – 0.0001 BTC. You can deposit up to 10,000 EUR without extra verifications. But, if you want more than that, you need extra verifications.

The crypto withdrawal limit depends on the account. Lower-tier accounts can withdraw 2 BTC per day. Higher tier accounts can withdraw up to 50 BTC daily. Currently, only EUR is supported for Fiat currency. Other currencies may be added in the future.

Tidex is an attractive platform for those who want low fees and withdrawal limits.

Tidex Security Measures

Security is key and they take it seriously. The platform is owned by Elite Way Development LLP, registered in Gibraltar. This country has strong rules for financial security.

Tidex has several security measures like cold storage of funds, two-factor authentication, DDoS protection, and server-side SSL encryption on its website.

Tidex uses two-factor authentication (2FA). This requires two of three sources, like passcodes or biometrics. They also have deposit and withdrawal processes with SMS or email confirmation. Customer support staff go through training to provide security and protection.

Tidex reviews their operational framework regularly. This ensures customers get quality services, whether they’re just starting or longtime users. With these reviews, Tidex remains ahead in safeguarding investments in crypto. They have optimal protocols for transfers and withdrawals with customer support at its core:

  • Two-factor authentication (2FA)
  • Deposit and withdrawal processes with SMS or email confirmation
  • Regular operational framework reviews
  • Optimal protocols for transfers and withdrawals

Tidex Customer Support

Tidex offers multiple communication options, like toll-free numbers for US customers, email address, and a chatbot.

When evaluating customer service, it’s important to check how responsive the Tidex team is. How long they take to respond, how willing they are to answer questions, how they interact with customers, and if they proactively address issues. There have been some reports of withdrawal issues, but Tidex has been responsive in resolving them. Reviews about their customer support are mostly positive, with quick resolution times.

Frequently Asked Questions

Q: What is Tidex Exchange?

A: Tidex Exchange is a global cryptocurrency exchange where users can trade various digital currencies including Bitcoin, Ethereum, Litecoin, and Waves.

Q: Is Tidex Exchange trustworthy?

A: Tidex Exchange is a reliable platform with various safety measures in place, such as two-factor authentication, encrypted wallets, and a secure trading environment.

Q: What types of trading pairs does Tidex Exchange offer?

A: Tidex Exchange currently offers trading pairs for Bitcoin, Ethereum, Litecoin, and Waves.

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