A Brief Overview Of Idax:
International digital asset exchange or as it is commonly referred to by its acronym Idax is an exchange platform from the global blockchain research center (GBC). Idax was founded in 2017 with the major purpose of providing a safe and convenient crypto exchange platform. This purpose is guided by the core values of equality and inclusion to all its clients.
Available Assets and Securities
The most common assets are the popular crypto currency units. These include:
There are over 200 crypto units meaning you have a large variety of securities to trade on. In addition to the trading in crypto currency units, Idax gives you the opportunity to trade CFDs.
Trading fees are always 0.2% of the transacted amount for all cryptos.
However, the withdrawal fees vary from one crypto unit to the other. For example, the minimum Alibaba-coin units that you can withdraw is 2, attracting a fee of 1 Alibaba-coin unit. However, this differs from bitcoin which stands at a minimum of 0.001 units with a fee of 0.0001 units. The rates might be adjusted especially when there is congestion in the block chain.
The customer care center prides itself in being reliable, efficient and satisfying courtesy. They have the strongest team drawn from across the globe.
The multilingual support is available 24/7 and accessible via email, website service, and telegram. Supported languages include English, Korean and Chinese.
Pros and cons
Pros Of Idax
- It has plenty of crypto units for you to trade on.
- It has an accompanying mobile application.
- Lacks proper regulation to safeguard clients’ investments.
If you are into crypto trading, you can try out Idax’ platform for its many assets. However, beware as many of the crypto coins listed lack regulation.