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Tidex.com – A Detailed Review of Tidex Cryptocurrency Exchange

Tidex.com is a promising crypto trading platform, especially for those who value simplicity and a diverse range of trading options.

ShahZaib Ahmed

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Tidex exchange review

Introduction 

tidex.com logo

Tidex.com is a Cayman Islands-based cryptocurrency exchange founded back in 2019.  It’s currently unregulated but closely watching the evolving UK government’s stance on exchange regulation and KYC protocols.

Tidex’s primary appeal lies in its user-friendly interface and a focus on security, though the specifics of its security measures remain vague, with only 2-factor authentication (2FA) prominently mentioned.

tidex.com interface

Tidex.com Supported Cryptocurrencies

Tidex trading platform offers a diverse range of trading options with over 70 altcoins, including major players like Bitcoin (BTC), Ethereum (ETH), WAVES, Wault USD (WUSD), Wault Euro (WEUR), and Tether (USDT). Tidex.com accommodates various tokens like 0x Protocol Token, Bitcoin Cash, Dogecoin, EOS, Ethereum, and many others, providing ample opportunities for traders to diversify their portfolios.

Tidex Fee Structure

One of Tidex’s strengths is its simple fee structure. Market maker fees are set at a competitive 0.1%, aimed at providing liquidity and covering token transfer costs. Transaction fees for buying or selling tokens also stand at 0.1%. These fees are quite reasonable compared to the industry standards and are particularly attractive for market makers.

Features of Tidex.com Crypto Exchange

Trading Platforms

Tidex operates primarily through a web-based platform. Traders can access a variety of tools including interactive charts, a troll box for community interaction, a straightforward Buy/Sell box, and an order book display. Unfortunately, Tidex doesn’t offer a dedicated mobile app, but its website is optimized for mobile use, retaining most desktop features.

Trading View of Tidex Trading Platform

Each exchange offers a unique trading view, and Tidex is no exception. Its trading view includes essential elements like the order book, a price chart of selected cryptocurrencies, and an order history, with integrated buy and sell boxes. This setup should meet the needs of most traders, but it’s always advisable to explore the trading view personally to ensure it matches your preferences.

trading on tidex exchange

Deposit and Withdrawal Over Tidex.com

Tidex.com crypto exchange limits its deposit and withdrawal options to cryptocurrencies only, specifically Bitcoin and Ethereum. This process requires the use of a public wallet address and supports ERC20 tokens, with a caution against using addresses from other exchanges to avoid loss of funds.

Security and Privacy

Tidex crypto platform emphasizes security as a primary concern, details on their specific security protocols are scarce. The known measure is the implementation of 2FA for deposits and withdrawals. The lack of comprehensive security information may be a point of concern for cautious traders.

Mobile Application of Tidex Crypto Exchange

Despite not offering a standalone mobile app, Tidex.com has ensured its mobile-friendly website supports both smartphone and tablet devices. This allows traders to monitor and execute trades on the go, although with a slightly reduced feature set compared to the desktop version.

mobile app of tidex app

Customer Support Services

Tidex claims to offer a 24/7 support centre, which is a significant advantage for traders needing assistance at any hour. Additionally, the platform provides APIs for cross-platform trading, enhancing its utility for more tech-savvy users.

Pros and Cons of Tidex.com

Pros

  • User-friendly interface is suitable for beginners and experienced traders alike.
  • A competitive fee structure is especially beneficial for market makers.
  • A wide range of supported cryptocurrencies.
  • Mobile-friendly website for trading on the go.

Cons

  • The lack of regulation might raise concerns for some traders.
  • Limited information on the specific security measures in place.
  • No dedicated mobile application.
  • Fiat currency deposits and withdrawals are not supported.

Conclusion 

Tidex.com crypto exchange emerges as a potential choice for crypto traders prioritizing ease of use and a straightforward fee structure. Its wide range of supported cryptocurrencies is a strong point, appealing to traders looking to explore beyond the mainstream options. However, the lack of detailed security information and regulatory oversight might be a deterrent for risk-averse traders.

Overall, Tidex seems like a promising platform, especially for those who value simplicity and a diverse range of trading options. As with any crypto exchange, potential users should weigh the pros and cons regarding their individual trading needs and risk tolerance.

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