IndoEx Review – Is Indo Ex Scam or Legit? (Complete indoex.io Review)
IndoEx Review
Global financial systems are rapidly evolving with strategic changes being seen as regards economic transactions. This dynamic shift is in line with the current technological advancement going on globally which has also influenced other sectors of life. Economic activities are no longer restricted to physical factors or geographical locations. Trading in itself has evolved from the exchange of goods and services for fiat currencies to the buying and selling of liquid assets most of which are digital. One digital asset that is currently trending is cryptocurrency which is gradually becoming the new means of payment for services and settlement of debts in the world. With the rate of crypto developments globally and the attention being given to it by governments, the digital asset is set to replace fiat currencies in the coming years. More than being a means of payment, crypto tokens can also be traded against one another.
The option of trading crypto tokens led to the creation of a crypto market that is accessed through crypto exchanges. Crypto exchanges are platforms that help individuals conduct trade transactions within the crypto market. Without these platforms, it’ll be impossible for an individual to buy and sell crypto assets, thus reaffirming their relevance in the world today. IndoEx exchange is an example of such a platform and it has over the years attracted thousands of users who utilize it to trade tokens. Crypto trading platforms are located in different regions of the world and can be accessed from any geographical location as it is a digital platform. This is one reason why crypto trading has been embraced and accepted in various regions of the world. Several economies of countries now receive huge revenues from the volume of transactions generated on crypto exchanges.
Crypto exchanges can either be centralized, decentralized, regulated or deregulated and they play a vital role in the existence of cryptocurrency in general. Most crypto investors prefer decentralized platforms as they give no room for interference from third-party. This implies that contrary to centralized platforms where users’ funds and assets are usually in the possession of other financial institutions, an investor in a decentralized platform retains ownership of his digital tokens. As a result of this, you are given more control over your digital assets to trade in whatever way you desire. Most traders also choose regulated exchanges over deregulated ones as the former offers more credibility and trustworthiness. Within this review, important information about the IndoEx exchange which would be relevant to your crypto world is provided.
| Exchange platform | IndoEx |
| Website | indoex.io |
| Variety tokens | 180 |
| Account needed | Yes |
| Verification | Yes |
| Verification levels | Two |
| Trading platform payment | Bank transfer, Debit card, and Crypto wallets |
| Customer support | Email, Twitter, WhatsApp, Telegram |
What is IndoEx Exchange?
Most crypto trading platforms usually have a target audience which they intend to attract above all other traders. In the case of IndoEx exchange, however, the target audience encompasses all levels and classes of investors ranging from beginners and indices to experts and professionals. The main goal of this platform is to provide the adequate and necessary infrastructure that will facilitate the quick and effective exchange of crypto assets. Although the crypto trading platform reaches out to a global audience, it is an advanced trading platform that is specifically designed to meet more of the needs of expert and professional traders. It is an exchange that was established as a platform for experienced crypto traders to gain access to advanced trading tools for a better trading experience. Presently it is a favorite exchange often used by professional crypto traders in the world today.
This exchange has been operational since January 2019 and has its headquarters in the United Kingdom from which its services are used in different regions of the world. As the platform is designed for more advanced trading activities, it utilizes an institutional-based Gox compliant API which fully supports huge transaction volumes and quick trading operations. With its API, the platform also effectively builds system packages, generates web pages download, and even upload binaries all of which contribute to the complex algorithm operated on the exchange. All of these are also features of the robust trading system which the platform offers. The exchange is also the right choice for institutional crypto-traders who make investments in large amounts and at rapid rates as its system is designed to process transactions at a high speed.
Even though the exchange is tailored to benefit experienced traders more, crypto enthusiasts and beginners can also use the platform to become exposed to the operations of the crypto market and how investments work. For the exchange, the goal remains to provide a trading experience that is advanced, convenient, and committed to the success of every user. This contributes to why the platform enjoys acceptance and use by traders all around the world presently.
IndoEx Exchange Trading Services
Most advanced traders are often users of this platform because of the numerous products and services it offers. Aside from the fact that it is designed for experienced traders and institutional investments, the exchange runs with a highly advanced API and trading engine which facilitates speedy execution of orders and transactions. This feature, in particular, attracts institutions especially to the platform as it makes trading easier and more effective. It also makes it easy for professional users to perform multiple trade transactions within a quick time frame thus increasing their market success and profitability. In addition to this, the platform offers a variety of crypto tokens for trade and exchange thus giving investors multiple options when choosing tokens to invest in. The tokens available usually consist of not only major coins like Bitcoin, Ethereum, and Ripple but also numerous alternative coins such as Dash and Chainlink. These coins can also be exchanged for fiat currency or swapped with each other depending on what the user decides.
The crypto trading platform also offers airdrops for tokens new to the crypto market to introduce crypto enthusiasts to them. This way, users can do more than trade as they can also become recipients of new to mend which have prospects of becoming global projects in the coming years. For institutions, the platform runs an insurance feature that is designed for the protection of large investments and amounts. The inclusion of this feature offers a form of credibility and attracts trust from large monetary institutions to this exchange thus boosting patronage and adoption.
How Does IndoEx Exchange Work?
Crypto trading can be a complicated and challenging process if the right exchange is not adopted. However, with this platform, conducting crypto transactions is made easy, convenient, and profitable. Like most exchanges, to conduct transactions on this platform would require owning an account that would also need you to meet certain requirements. These requirements are put in place to ensure the security of both the platform and its users as the digital environment is open to various security threats. The first step to owning an account is the submission of a username, email, password, and an optional invitation code. After this step, you will be required to verify your email address as it is a means of contact between the user and the platform. After this is successful you will gain ownership to a new account which places a limit of $2000 available for withdrawal twenty-four hours after opening.
The next step would be to provide certain personal information like your names, address, date of birth, and other valuable information about you. This measure is aimed at ensuring that humans alone own accounts on the platform. When the personal info form has been filled and submitted, it is then verified for some minutes and then you can begin to operate a Basic account. There are certain risks involved with this account as its security is not entirely guaranteed and there’s a limit of $2000 withdrawal per day. It is often advisable not to restrict yourself to a Basic account and to upgrade, you would need to meet some other requirements. Firstly, official government records, information, and a valid means of identification would be required after which a two-factor authentication. Upon submission, these documents are also subjected to screening to guarantee and assure the authenticity and originality of the documents. All of these measures are to ensure that the users of the exchange are fully human and not robots. Once the information has been verified, the account becomes an Enhanced one where daily withdrawal can be as high as $200,000 offering a form of freedom to investors. The two-factor authentication provided also an extra layer of security to the account.
Unlike other platforms which often require the completion of KYC processes before you can execute transactions, a Basic account can be used to trade effectively. It is however advisable to complete the KYC processes to ensure better security on your account and to ensure maximum trading services. Although the registration process may seem challenging and complex, every user must undergo them as the crypto market is a volatile one open to spontaneous changes.
Trading, Withdrawal, and Deposit Fees
For trade to take place on every crypto exchange, there must be action by two different parties- the maker and the taker. The former is the one who places an order through the order books provided by the exchange while the latter is responsible for receiving such orders. For every such transaction, the crypto trading platform charges a trading fee which is often a percentage of the monetary value of the transaction made. Most platforms distinguish between these two parties and charge different fees for both but in this exchange’s case, the fee is fixed. For both parties, the fee attracted is 0.15%. This rate is quite reduced when compared with average market rates thus reaffirming the platform’s dedication to encouraging trade and crypto transactions. Its low trading fees encourage investors to carry out multiple trades very often on the platform as it has eliminated the fear of high fees being attracted.
For withdrawals, fees are charged based on the token being withdrawn and this is quite similar to other exchanges. Usually, withdrawals of Bitcoin and other popular tokens attract higher fees than other alternative coins. The platform charges 0.0008 BTC for each Bitcoin withdrawal and this is in line with the crypto market average charge on withdrawals.
Most users of this platform often take advantage of the fees attached to withdrawals thereby investing more and withdrawing at specific times.
Deposits on this platform attract no charge and this is one of the reasons for the huge patronage the exchange currently enjoys. Customers and users are offered the opportunity to invest as much as they want and at every frequency they prefer. One amazing thing about this platform is that there are no restrictions to the methods of deposits. This implies that deposits are not limited to cryptocurrency, like some platforms. Rather, the platform accepts fiat currency through bank transfer and card payment. This particular feature makes it easy for new traders and beginners in crypto trading to access trading services as they can readily exchange fiat currency for cryptos.
IndoEx Interface
As it is suited and designed for a more experienced audience, the interface of this crypto trading platform can be quite complex. Its navigation can also be a challenge to new users as displays are not as explicit and explanatory as they should be. However, once a new user can successfully gain an understanding of the platform, trading on it becomes a great experience. The platform provides an overall and detailed view of the crypto market concerning the tokens available for trade on it and their respective prices. This way, users can check out the prices of coins, an important action that would influence their trading decisions.
The digital platform is available on its website which is supported on both desktop and mobile gadgets. There are even plans for the development of an app that would be supported on both Android and IOS smartphones, to ensure ease of trade for mobile users. In addition to this, the exchange’s website can display in about nine languages and this implies that it can be used in every continent of the world. Market views, wallet status, and balance views are made simplified and easy to locate on your trader dashboard thus contributing to a warm user experience.
IndoEx Security
Like with other similar cryptocurrency exchanges, security is a major priority on this platform. This is because crypto trading is a digital venture and the platforms that are directly involved in it are often faced with a high risk of hacks, and digital theft. In light of this, most of the funds invested by individuals on this platform are therefore kept in cold storage where try are guarded in anonymous locations. The funds which are retained in hot walkers are also kept away from the public eye. Even though the crypto trading platform is not a regulated one as it is affiliated with a financial regulatory agency, the firm’s dedication to the success of crypto traders is glaring and bold. This in itself, grants the platform a form of credibility and trustworthiness.
While providing adequate security for their users’ funds, the exchange also makes available certain features to help users safeguard their accounts and crypto assets from hacks and thefts. One of these features is two-factor authentication which provides an extra layer of security to a user’s account and prevents unlawful breach and entry.
Customer Support
Every user is of utmost importance to this crypto trading platform and that is why the exchange treats its customers and users as a priority. There are several means through which the platform establishes communication and an effective relationship with its users.
This is the means through which user complaints, questions, and grievances about the platform are lodged and handled. Issues treated as a priority at those relating to users’ accounts and account management as they are regarded as sensitive issues.
Crypto exchanges need to keep their users abreast of the developments and upgrades that are undertaken on the platform and for this exchange, it employs Twitter to do so. The platform’s Twitter handle is where all the recent announcements of the development in the operations of the platform are announced to their users. This way, users are importantly involved in the operations, growth, and expansion of the digital exchange.
- · Telegram
This provides a platform for the platform to reach and interact with its users and also disseminate useful information. It is also an avenue for users and crypto traders on the platform to meet with each other and share ideas, trading strategies, and their market experience.
For professionals and experienced traders already familiar with the terrains of the crypto market, the IndoEx exchange provides them with advanced trading tools and systems to facilitate speedy trade transactions and obtain maximum profit. Beginners and newbies in the crypto world can also utilize the platform to gain experience and knowledge in crypto trading as it exposes them to high-standard trading tools and market facilitators.
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