International Digital Asset Exchange (IDAX) is a Mongolia-based cryptocurrency exchange, but the website seems to be inclined towards the Chinese market. The exchange offers trading in many digital assets, but it doesn’t support any fiat currency. There are more than 20 pairs of digital currency available for trade at IDAX. Apart from popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), the exchange also has less popular coins listed like EOS, OmiseGo (OMG), Status, Storj, Bytom (BTM), Loopring (LRC), Aeternity (AE), Dentacoin (DCN), Odyssey (OCN), and others. IDAX also does not offer leveraged trading. IDAX charges a flat trading fee of 0.2%. IDAX provides a web-based trading platform which is simple to use. The platform is used for trading against Bitcoin and Ethereum. The exchange doesn’t accept fiat currency which means if a user doesn’t have any digital currency, he cannot start trading on the exchange; he will have to go through “gateway exchange” first to start the trading. The exchange doesn’t provide margin trading, so if a user wants to trade with some leverage, this is not the place. The exchange makes its user register a valid email, password and bank account to start trading. IDAX does not support anonymous trading. The exchange has solid digital asset portfolio but doesn’t support fiat currency.
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