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Exchange Review
This exchange has been flagged as inactive. There are many reasons for being flagged as inactive. We recommend you read the text below to understand why Cryptex has received the inactive flag.

Cryptex

Exchange Fees

BTC Withdrawal Fee 0.001 • Taker Fee 0.20% • Maker Fee 0.20%

Deposit Methods

Yes Wire Transfer Yes Credit Card

Cryptos (8)

Bitcoin Gold, Monero Coin, NEM Coin, Dash, Bitcoin and 3 more

UPDATE 23 March 2023: Cryptex seems to have closed down its operations. They have the following message posted on their website:

Operations of the platform have been suspended. Critical system vulnerabilities have been detected. Assets are safe. Work is underway to audit data centers, restructure databases and other services. We apologize for the inconvenience. We are working on restoring the service as soon as possible.

However, such message has been on their website for a very long period of time now. Accordingly, we don't expect the services to ever be restored and we have decided to mark the platform as "dead" in our Exchange Graveyard. 

To find a reliable exchange where you can start an account, just use our Exchange List and we'll help you find the right platform for you.

What is Cryptex?

Cryptex is a crypto exchange. Its registered address in St. Vincent and the Grenadines, but the platform is also available in the Russian and English language. Cryptex has been active since 2017.

As far as we can tell, this platform does not prohibit US-investors from trading there. Accordingly, we do believe that it is open to US-investors as well. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.

Users gain access to the platform's complete functionality through mandatory KYC & AML verification. Upon registration or login, they fill in the form under User Name > Settings > Verification and submit it for review. Upon approval, a confirmation email is dispatched within 72 hours. The platform does not retain personal data; an international service provider handles this securely under GDPR. Once verified, the user's account status transitions to "Verified," unlocking the platform's full functionality. In case of no response within 72 hours, users are advised to contact the platform for clarification.

In addition to conventional trading and exchange services, Cryptex offers Over-the-Counter (OTC) transactions, allowing users to conduct direct deals without intermediaries. OTC trading on Cryptex provides a personalized and private approach to cryptocurrency transactions, catering to those seeking large-volume trades and customized deal structures. The platform ensures a secure and confidential environment for negotiating and settling substantial cryptocurrency transactions, making OTC services an integral part of Cryptex's comprehensive suite of offerings.

Cryptex is aimed at providing a complete trading experience. Having said that, it doesn't boast as many currencies on it's platform as other major exchanges. While this is true, the vast majority of traders are content with just working with some of the most popular coins and tokens, which is what you'll find at Cryptex. The supported cryptocurrencies include;

  • Tether TRC20
  • Tether ERC20
  • Bitcoin
  • Litecoin
  • Ethereum
  • Monero
  • Dai Stablecoin
  • Tron
  • USDC
  • Dash
  • TrueUSD

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at Cryptex:

The fees at Cryptex are what we call flat fees, meaning that makers and takers are charged the same fee. The fees vary from trading pair to trading pair, but the highest fee is 0.3% for both takers and makers. This is clearly above the industry average, which has historically been around 0.25%. Today, however, we see more and more exchanges moving towards even lower trading fees such as 0%. 

However, as mentioned above, Cryptex offers different trading fees for different trading pairs. One trading pair (BSV/BTC) is even offered for free. Wonder why that is... The complete table with the different trading pairs and their trading fees is as follows:

Pair
Fee maker / taker
BTC/USDT 0 % / 0.2 %
BTC/USD 0.1 % / 0.1 %
CRP/USD 0.2 % / 0.2 %
DAI/USD 0 % / 0.1 %
DASH/USDT 0.2 % / 0.2 %
ETH/USDT 0.2 % / 0.2 %
LTC/USDT 0.2 % / 0.2 %
TRX/USD 0 % / 0.2 %
TUSD/USD 0 % / 0.1 %
USDC/USD 0.2 % / 0.2 %
USDT/PM 0.2 % / 0.3 %
USDT/USD 0 % / 0.1 %
USDT20/USD 0 % / 0.1 %
UUSD/USD 0.2 % / 0.2 %
XMR/USDT 0.2 % / 0.2 %

What about withdrawal fees then? Withdrawal fees vary dependent upon which crypto asset you are withdrawing, but they are normally a fixed amout of the relevant crypto asset, and not percentage based as the trading fees. The industry average BTC-withdrawal fee is 0.0006 BTC according to Cryptowisser.com's empirical studies.

Cryptex charges 0.0005 BTC per BTC-withdrawal. This withdrawal fee is quite in line with the industry average (being 0.00053 BTC according to this report). 

At Cryptex, you can deposit in a variety of different ays. Wire transfer, credit cards, and cash USD included. This can be helpful especially for newer crypto investors. The fact that fiat currency deposits are enabled here makes this exchange an “entry-level exchange”.

Many cryptocurrency traders believe that desktop platforms offer optimal conditions for their trading activities. With larger screens, vital information crucial for trading decisions can be conveniently viewed simultaneously. The trading chart is also more easily displayed on desktops. Nevertheless, not every crypto investor finds desktops necessary for their trading preferences. For those who prefer conducting crypto trades on their mobile phones, Cryptex offers a mobile-compatible trading platform. Available for Android since 2017, Cryptex ensures that traders can seamlessly engage in cryptocurrency transactions on the go.