Idex Broker Review
A Brief Overview Of Idex
Idex is a decentralized ethereum exchange platform that has been in operation since its launch in 2017. It’s located in Panama, and it seeks to provide a convenient and secure trade and exchange platform to its clients with digital assets.
Assets And Securities
Being an ethereum-based trading platform, most of the digital assets in Idex’ platform are derivatives of ethereum coins and tokens.
Some of the crypto coins that you can enact trades with on this platform include ethereum, ZRX, Aura, ledgerium, wrapped bitcoin and telcoin. There are many other crypto coins and token that you can pick when trading.
Fees
Some of the fees that you incur on this platform include trading fees and withdrawal fees. Trading fees are set at 0.2% for the maker and 0.1% for the taker. The percentage is set on your trade volume.
here are also gas fees which are paid to put your transaction on the blockchain. Withdrawals attract a fee of 0.04 ETH, basically to cover for the cost of gas.
Customer Support
In case you need help, you can go to the live chat feature (bottom right) where you can contact the administrators of the platform who will help you with any arising issue.
Alternatively, you can submit a ticket request for your issue and receive the needed help promptly.
You can also contact the administrators via Idex’ respective social media handles. Here is a list for you below:
- Twitter: @CryptoBridge
- Reddit: auroradao/
Pros and cons
Pros
- Good customer support.
- Easily accessible site.
Cons
- The platform is not regulated
Verdict
If you need a good platform for ethereum based exchanges, then Idex is a nice option. Be cautious, however, as the site has no regulation and like any other crypto exchange; the space comes with its own risks.
