|Founded||October 1, 2017|
|Brief||Asian markets have developed an interest in digital currencies quite early in crypto history. With that in mind, it is not surprising that Hong Kong gave birth to quite a few crypto exchanges.|
|Last updated:||Tuesday, October 29, 2019 3:00:03PM UTC|
|Volume 24 hours, USD:||2 250 568 625|
|Volume 7 days, USD:||9 867 134 112|
|Volume 30 days, USD:||34 309 552 507|
General EXX facts, technical details and general information about EXX exchange
Asian markets have developed an interest in digital currencies quite early in crypto history. With that in mind, it is not surprising that Hong Kong gave birth to quite a few crypto exchanges. Today, we are interested in an exchange known as Exchange X (EXX).
EXX itself was founded relatively recently, only seeing its launch in 2017. Its focus is mainly on the Southeast Asian region, and it manages to stand out from its competitors by offering somewhat different conditions in regards to trading. However, the website also added English and Japanese language support in order to try and make the exchange more global and give the rest of the world an opportunity to trade there as well.
The exchange supports quite a few cryptocurrencies, including BTC, XWC, LTC, HSR, BCC, ETH, INK USDT, MONA, QTUM, QC, and others.
As mentioned, the platform brings a few advantages for traders in order to stand out from the competition, one of the most important being its low trading fees. Trading fees are only 0.10%, whereas typical fees on most other exchanges are at around 0.20%-0.25%.
This makes the exchange attractive to new, as well as experienced traders who do not wish to pay a great amount during trading. Their withdrawal fee is 0.001 BTC, which is pretty much the same as on most other exchanges. Unfortunately, this would not make a good entry-level exchange, as it does not support fiat-to-crypto trading, meaning that you would have to obtain your initial coins elsewhere, and then transfer them to EXX, since you cannot buy them with fiat currencies within the exchange itself.
The exchange also supports margin trading, meaning that risk-takers will have all they require to make bets on the future prices of different coins.
One drawback is that the exchange is not especially transparent when it comes to its developers and people in charge. There barely any photos of those leading the exchange, and a noticeable lack of background and experience info. Further, the exchange is also not that open when it comes to its security systems, which might be a red flag for a lot of traders and investors, as it reduces its credibility.
With the crypto space having quite a few issues with scams, theft, hacking attacks, and bad security of centralized exchanges, not making these details transparent is a serious problem for a lot of people.
Its interface is simple and easy to understand and use, which allows easy navigation. There is also a 24/7 customer support service, which is also available in English. It should be noted that some English-speaking customers filed complaints about their accounts being frozen or otherwise mishandled, and not all such cases were resolved, which is another issue that the platform's potential users should keep in mind.
In conclusion, EXX may not be the best exchange for everyone, especially not for those who are not located in Southeast Asia. However, even though it suffers from a lack of transparency, the exchange managed to avoid scandals, hacks, and similar controversies so far. As mentioned, it is not exactly clear on its security measures, and it is possible for English speakers to have their accounts mismanaged, which might mean that it is best to leave this exchange to those who are actually targeted by it.
|EXX volume change 24 hours||22.58%|