IDEX Exchange Review 2021

Overview

Digital currency is changing the way financial and banking systems work around the world. Bitcoin, Ethreum, Dogecoin, Polkadot, etc., are leading the race to become one of the first digital currencies to be adopted globally by millions. Available across multiple platforms, digital currencies are providing options to carry out financial transactions without delay and the intervention of a centralized bank authority. With this surge in cryptocurrency trading, several cryptocurrency trading platforms such as IDEX Exchange are helping customers trade quickly, save digital currencies and earn from using the verified platform. This IDEX Exchange review will learn more about IDEX Exchange and enable cryptocurrency trading through its seamless platform and services.

IDEX Exchange Summary

Headquarters Panama
Found in 2012
Native Token Yes
Listed Cryptocurrency 26 including Cryptos and ERC20 Tokens
Trading Pairs 30+
Supported Fiat Currencies No
Supported Countries Most of All
Minimum Deposit No
Deposit Fees Free
Transaction Fees Makers 0.1% Takers 0.2%
Withdrawal Fees Free
Application No
Customer Support FAQs & Live Chat

Quick Overview of IDEX 

As digital currencies are penetrating further in the existing digital ecosystem connecting personal finance through cryptocurrency like Bitcoin, Ethereum, Dogecoin, and more, the opportunity to find the best options to invest in digital currencies are also emerging on the crypto-trading horizon. 

Crypto trading platforms like IDEX Exchange allow investors to open their exchange account on a highly secure platform and earn through financial trading in cryptocurrency. Offering many benefits like secure trading, customized trading engine, custom custody solution, open-source smart contract for security, and IDEX stake to earn more, IDEX Exchange is a uniquely valuable resource for crypto exchange trading enthusiasts.

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What Is IDEX Exchange?

IDEX Exchange is a comprehensive and advanced trading platform and the world’s most advanced cryptocurrency exchange for crypto enthusiasts. It is high-speed, authentic, and provides complete security to account holders across the country. IDEX Exchange is the most sought-after trading platform in the digital age in terms of decentralization and community ownership. It offers centralized exchange with safety features of decentralized trading for customers.

Investment of money in stock requires basic knowledge and know-how of how daily trading works online. Regarding cryptocurrencies stock trading, a similar trading fashion is carried out with IDEX Exchange, the best platform to place your investment in digital currencies and gain huge benefits. 

IDEX Exchange Reviews - Platform InterfaceIDEX Exchange Reviews – Platform Interface

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Account-holders on IDEX Exchange can take advantage of multiple features of the platform:-

  • High-speed digital currency-based trading for investors.
  • Safe and secure platform to invest.
  • Equipped with layer 2 scaling solution.
  • Centralized exchange with safety features of decentralized trading for customers.
  • It is available on Ethereum and Binance smart chain, coming up on Polkadot and others.
  • With IDEX Exchange, staking is hassle-free and straightforward.
  • Stakers with IDEX Exchange can earn a high-value fee on IDEX products.
  • Offers great UI with good customer support.

With IDEX Exchange, users can have complete control of their funds, and these funds can only be accessed with the permission of the fund owner.

How Does IDEX Work?

A premier crypto-to-crypto trading platform that helps in peer-to-peer trading benefits, the IDEX Exchange platform uses smart contracts to update transactions on Ethereum, allowing account owners to update their balance online and securely. IDEX Exchange is available in the majority of countries in the world.

For using IDEX Exchange, an individual should sign up for an account on the Idex.io website. Create a personal account, add ETK tokens or currency to your wallet and start trading to earn money in digital currency. Users can also participate in the staking program to earn attractive rewards. IDEX Exchange keeps coming up with lucrative promotions and competition for users to contribute and earn.

How to Use the IDEX Exchange?

In this IDEX Exchange review, we will know how to use IDEX Exchange. If you wish to get started with using IDEX Exchange, just follow the below steps and make an account:-

  • Create an account on IDEX Exchange by visiting the website idex.io.
  • A pop-up will guide you to explore the website and check how to sign up for a wallet.
  • Enter email and password and click on sign up to create an account on IDEX Exchange.
  • Confirm your account and complete the level 1 verification process after signing up.
  • To unlock the wallet, click on the open wallet on the top right side of the bar. You can add funds into the wallet with this option.
  • Link your wallet to your account and select the types of wallets preferred from the options given. (Keystore file, Private key, Ledger wallet, Software wallet, or Coinbase wallet).

IDEX Features

IDEX Exchange is part of a finance and banking entity named Aurora Project based in Panama. Led by Alex Wearn, IDEX Exchange was introduced in 2012 as it raised 5411.38 ETH on its debut. With its upgraded version, which was released soon after its introduction, IDEX Exchange trades exclusively in Ethereum and ERC20 tokens, and they are available across the Ethereum chain for digital currency.

Some of the main features of IDEX Exchange are as below:-

  • Security and transparency.
  • Cryptocurrency-based funds transfer.
  • Ethereum and Binance smart chain support.
  • Peer-to-peer trading.
  • Reliable customer support.
  • Variety of trading options.
  • Confirmation before deposit processing.

IDEX Exchange also supports various other tokens such as Celsius, Everex, Quant, Etherbase Coin, Flexacoin, Fantom, Chainlink, to name a few. This crypto trading platform also supports Aura tokens that enable account users to choose to stake and support the IDEXD trading network.

IDEX FeaturesIDEX Features

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IDEX Exchange Review: Pros and Cons

Pros Cons
right Highly secure and encrypted trading. cancel Users can’t trade in Bitcoins.
right Staking program for stakers with rewards to earn. cancel Beginners can find trading in crypto challenges.
right Crypto-to-crypto payments can be made quickly. cancel Requires a variety of other digital currency support.
right Supports Ethereum and Binance smart chain.
right Trade makers and takers can earn rewards on aurora utility tokens.
right Reliable customer support.
right Metamask wallet integrated.
right User-friendly UI for easy trading and fund management.

IDEX Sign Up Process

To register an account with IDEX follow the steps given below:-

Step 1

Create an account on IDEX Exchange by visiting the website idex.io.

Step 2

A pop-up will guide you to explore the website and check how to sign up for a wallet.

Step 3

Enter email and password and click on sign up to create an account on IDEX Exchange.

Step 4

Confirm your account and complete the level 1 verification process after signing up.

To unlock the wallet, click on the open wallet on the top right side of the bar. You can also add funds to the wallet and create a password.

IDEX Review - Sign Up ProcessIDEX Review – Sign Up Process

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Depositing, Withdrawing, and Trading Funds on IDEX

To trade on IDEX Exchange, all that the IDEX Exchange users need to do is add money to their trading wallet in ETH tokens. Then can carry out trading as per market order or limit orders. After good returns on their invested funds, users can withdraw the token when they wish to. IDEX imposes no withdrawal or deposit fee for traders except for trading free applicable to traders and takers.

How to Trade on IDEX?

If we consider the IDEX Exchange review, it would be safe to say that IDEX is easily one of the most secure and crypto-compatible platforms for trading. IDEX has allowed trade makers for a minimum order limit at 0.15 ETH and 0.5 for trade takers. There is a withdrawal limit or deposit fee for traders except for trading free applicable to traders and takers.

IDEX is decentralized. In this exchange, users can add money to their trading wallets in the form of ETH tokens. Then they can carry out trading as per market order or limit orders and withdraw the token as and when they wish to.

IDEX TradingViewIDEX TradingView

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How to Buy Cryptocurrencies on IDEX?

IDEX Exchange is a comprehensive platform based on the Ethereum network wherein users can deposit and withdraw digital currency with the help of smart contract controls. Users can only buy cryptocurrency based on ERC-20 tokens. IDEX Exchange does not support fiat currencies conversion of any kind. 

How Does IDEX Staking Work?

IDEX started its staking program and established a reliable staking network for stakers, which allowed an earning of 25% in ETH to support the platform’s financial stability. Stakers can purchase tokens and contribute to the IDEX staking program that helps in maintaining the IDEX exchange infrastructure. After the introduction of IDEX 2.0, stakers can now share APIs and will be able to switch to the layer-2 protocol for scaling the transaction further.

IDEX StakingIDEX Staking

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How is IDEX 2.0 Different?

IDEX Exchange debuted in 2019, with its first version having centralized management and benefits of decentralized cryptocurrency trading. IDEX 2.0 was launched in the last quarter of 2020 last year. In the new release of the exchange platform, two main improvements have been introduced:-

  • Centralized exchange experience with high-performance offline infrastructure for traders.
  • Heightened user experience for scalability and cost-efficiency through off-chain smart contracts.

As per IDEX Exchange reports, the first version of the exchange is all set to be discontinued while user data and token balances are scheduled for migration to  IDEX 2.0.

Create a New Wallet at IDEX

Digital ledger wallets are a popular and in-demand feature for cryptocurrency owners. You can easily create a new wallet on IDEX Exchange. After creating an account, IDEX trading provides an option to create a wallet. Users need to click on the New wallet icon, and they will be required to complete a wallet password, with a Json file that will get downloaded and would be necessary to save on the user system. The file has a private key for each user.

IDEX Exchange wallet password will be created only one time and is encrypted. It is not allowed to reset the password once it is created. IDEX Exchange requires the downloaded Json file with private key encryption and password to access the wallet. 

IDEX is Expanding to More BlockchainsIDEX is Expanding to More Blockchains

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IDEX Fees

IDEX Exchange charges no IDEX deposits or withdrawal fees, although there are trading fees for market traders at 0.1% (market makers) or 0.2% (market takers), depending upon the type of trading.

IDEX Supported Currencies

The supported currencies on IDEX Exchange are Ethereum and Binance Smart Chain. The platform exclusively supports ERC20 tokens and deals in a variety of other tokens.

IDEX Security

Knowing if IDEX exchange is safe, it would be good to note that IDEX Exchange works as a branch on the network of Ethereum and provides a secure plus encrypted way of trading for customers. Being a centralized exchange for digital currency trading, IDEX trading is highly secure and offers the benefits of decentralized exchanges trading.

IDEX Customer Support

The platform offers dependable customer support. For customers looking for support regarding wallet management, token buying, deposits, trading, and withdrawing funds, the IDEX trading exchange has a help page and a FAQ page to guide account holders.

IDEX Customer SupportIDEX Customer Support

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IDEX Exchange Review: Conclusion

The Ethereum blockchain and Binance smart chain, IDEX trading Exchange, is a centralized global cryptocurrency exchange with a decentralized platform. Managing user transactions with smart contracts, IDEX Exchange provides a seamless trading market experience on a fully integrated platform with a facility of a ledger wallet enabled by Metamask.

In today’s fast-changing world of technology and digital money, IDEX Exchange is among the safest options to trade without having to give any deposit or withdrawal money. It is highly secure and cost-effective for users looking to earn more on their funds by trading and staking cryptocurrencies.

FAQs

Is IDEX Exchange Safe?

IDEX is entirely safe and secure, with encryption in place for account holders to secure their funds.

How Is IDEX Exchange?

It is the safest and simple to use cryptocurrency trading exchange based on Ethereum ERC-20 tokens.

Does IDEX Require KYC?

Traders registered with IDEX Exchange do not require KYC for transactions below $5000, and they can trade using their wallet address information. All transactions above $5000 require the user to upload a selfie.

Does IDEX Offer Margin Trading?

With certain restrictions in place, IDEX Exchange does offer margin trading to traders.

How Do I Deposit to IDEX?

If a user wants to deposit to IDEX using tokens, they should ensure that the wallet has ETH and is connected while using IDEX. To deposit in the wallet, users need to pay a gas fee.

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