IndoEx Review – Is Indoex.io Legit? (Detailed Indo Ex Exchange Review)

Introduction

IndoEx is a prominent cryptocurrency exchange based in the UK. It was established in January 2019 and became famous in the crypto industry due to its dynamic crypto-related features. It has a reputation as one of the fastest and most secure cryptocurrency exchanges.

This IndoEx review aims to explore the cryptocurrency exchange’s claimed features and check whether it is legit or just a scam.

Significant Features of IndoEx

IndoEx exchange has different features that intrigue you to adopt this crypto exchange to manage your digital assets. This exchange charges a reasonable commission, crypto and fiat onramps, secure wallets, 24/7 customer support, and high operating speed and gives easy access to API (Application Programming Interface).

IndoEx Supported Crypto Assets

IndoEx trading platform supports more than 110 top-trending digital assets on the platform in the form of trading pairs. The last trading volume of Bitcoin (BTC) on the exchange is 23,203.74 which is approximately $283 million.

Some of the demanding digital assets are available on the IndoEx platform i.e., Monero (XMR), Ethereum Classic (ETC), True USD (TUSD), Binance USD (BUD) and 100+ other prominent digital assets are available to trade over the exchange.

IndoEx Fee

• IndoEx Trading Fee

Just like other exchanges, whenever you place an order or trade on the IndoEx.io exchange, the exchange charges a fee or commission. IndoEx.io trading divides the trade into two portions, the takes and the maker. Takers are the ones who take the order from the trade maker.

IndoEx Crypto Exchange equalized both takers and the makers and charged the same ratio from both parties. The exchange charges only 0.15 % of the trade value which is regarded as a low fee as compared to the other exchanges’ commission.

• IndoEx Withdrawal Fee

Mainly users withdraw Bitcoin (BTC) and the exchange’s fee for BTC is a bit higher as compared to the other crypto exchanges. Normally exchanges charge 0.0006 BTC per each Bitcoin withdrawal but IndoEx charges 0.0008 BTC on each Bitcoin withdrawal.

The last difference recorded for the BTC withdrawal between IndoEx.io and other exchanges was just $2.36 which doesn’t make much difference to the traders and investors.

How to Deposit into IndoEx?

IndoEx has used very convenient and traditional ways of depositing digital assets. Users can deposit their digital assets through their existing digital assets, debit cards or wire transfers. Moreover, you can also deposit via local fiat currency as IndoEx entertains beginner traders and is regarded as the ‘entry-level exchange’.

Customer Support

IndoEx offers 24/7 customer support services and responds immediately to the queries of the customers. It offers an online support form, live chat service, and phone support.

Also Read: How To Buy Bitcoin Through Apple Pay – A Step-by-Step Guide

Most exchanges offer the best services and the best programming interface but IndoEx is user-friendly and gives an easy to user interface on cellular devices. You can install the exchange’s application on your mobile for trading, depositing and withdrawal. If you find any trouble, you can directly contact the customer support center which responds immediately and does the needful.  

Pros and Cons

IndoEx has certain positive and negative aspects but mostly offers positive services and hence has gained fame in the market due to its dynamic features.

Pros:

• 24/7 Customer Support Services
• 249 market pairs to choose for trading
• Operationalized on 150+ countries
• Charting tools and solid indicators
• Relatively lower trading and depositing fee

Cons:

• Tailored for advanced traders so beginners find a bit of difficulty at the start
• Withdrawal fee is a bit higher than other exchanges
• API takes time for the user to understand

Conclusion

IndoEx is a cryptocurrency exchange designed for experienced traders seeking maximum gains. It boasts a robust API, impressive performance, fast transaction processing, and accessibility across various devices.

However, it’s important to remember that no one platform suits all traders, so thorough research is crucial when choosing your exchange. Always exercise caution to mitigate potential financial risks when trading.