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Citex Crypto Exchange Review 2023 – Is Citex.io Safe and Legit?

Citex crypto exchange distinguishes itself with institutional investor backing, signifying financial stability and support. Citex.io offers a variety of trading pairs, providing users with ample options for their trading activities.

ShahZaib Ahmed

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Citex cryptocurrency exchange

Introduction 

citex logo

Citex.io is a South Korean-based cryptocurrency exchange that has been operating since 2018. The platform boasts institutional investor backing and offers a diverse range of trading pairs, including pairs with popular cryptocurrencies like BTC, ETH, USDT, and KRW. Discover Citex, a South Korean exchange since 2018. Explore features, fees, and supported crypto.

Citex Supported Cryptocurrencies

Citex trading platform supports many trading pairs, allowing users to trade against BTC, ETH, USDT, and KRW. This variety provides flexibility for traders with different preferences and strategies. Including KRW pairs (BTC/KRW and ETH/KRW) facilitates access to a broader range of trading options for users who prefer to trade in their local currency.

citex webiste interface

Citex Fee Structure

The fee structure on the Citex cryptocurrency exchange is transparent, with a flat trading fee of 0.20% for both takers and makers. While this fee is slightly lower than the historical industry average of 0.25%, it aligns with the current trend of exchanges moving towards lower fees, with some platforms charging as little as 0.10% or 0.15%. Citex’s competitive fee structure should not deter potential users from considering the platform.

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For withdrawals, the Citex.io exchange charges a fee of 0.0005 BTC, approximately 40% lower than the industry average. These lower fees contribute to Citex’s overall attractiveness for users looking to optimize their trading costs.

Features of Citex Exchange

features of citex exchange

Citex cryptocurrency exchange distinguishes itself with institutional investor backing, signifying financial stability and support. The exchange offers a variety of trading pairs, providing users with ample options for their trading activities. Including wire transfers as a deposit method adds convenience, although potential users should note the absence of credit card deposits. The lack of explicit restrictions on US investors suggests global accessibility.

Trading View

Citex provides a user-friendly trading view on its platform, catering to novice and experienced traders. The mobile trading app enhances accessibility for users who prefer online trading. Including essential elements such as order books, price charts, and order history ensures that users have all the necessary information to make informed trading decisions.

Deposit and Withdrawal

While Citex.io supports wire transfers as a deposit method, it does not accommodate credit card deposits. Additionally, wire transfers are only available for deposits in South Korean Won (KRW). Potential users who require credit card deposit options may need to explore alternative exchanges that offer this feature. However, the availability of wire transfers still provides a reliable method for users in South Korea.

Security and Privacy

The provided content does not mention information about Citex’s security measures and privacy protocols. To ensure a secure trading environment, users are encouraged to explore the platform’s security features, such as two-factor authentication (2FA) and cold storage for funds.

Mobile Application

Citex.io crypto exchange offers a mobile application, making it convenient for users to trade on their smartphones. The provided trading view on the mobile app appears user-friendly, enhancing the overall user experience for those who prefer mobile trading.

citex mobile application

Customer Support Services

The content does not explicitly provide details about Citex’s customer support services. Users should explore the platform’s customer support channels, response times, and available resources to ensure a satisfactory experience if assistance is needed.

Pros and Cons

Pros

  • Institutional investor backing provides financial stability.
  • The diverse range of trading pairs, including KRW pairs.
  • Competitive trading fees (0.20%) and low withdrawal fees.
  • User-friendly trading view on both web and mobile platforms.

Cons

  • Limited deposit options (no credit card deposits).
  • Wire transfers for deposits are limited to South Korean Won (KRW).
  • Lack of explicit information on security measures and privacy protocols.

Conclusion 

Citex.io is a competitive cryptocurrency exchange with various features catering to diverse trading preferences. The institutional investor backing and various trading pairs contribute to the platform’s credibility. The user-friendly trading view on both web and mobile platforms enhances accessibility. However, potential users should be aware of limitations such as the absence of credit card deposits and restricted wire transfers to KRW.

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