Dex-Trade

Dex-Trade Review

What is Dex-Trade?

Dex-Trade is a centralized cryptocurrency exchange founded in 2017 and registered in Belize. This is a modern space for safe and comfortable trading with minimal commissions. Dex-Trade is a universal exchange for both beginners and professional traders. The minimum spread and high liquidity in order books allow you to trade efficiently with orders of any volume. Along with global opportunities, the exchange also provides a demo trading mode for risk-free testing of your trading strategies. It also boasts of a dedicated support team which is online 24/7 to assist users with any questions. 

Mobile Support

Most people prefer to do their crypto trading via desktop. But there are also a lot of people doing it via their smart phones or reading tablets. If you are on of those people, you’ll be happy to know that the Dex-Trade trading platform is also available as a mobile app for Androids (and soon also for iPhones).

US-investors

This trading platform does not explicitly state that US-investors are prohibited from trading. Accordingly, we do believe that US-investors can trade here.

Trading Volume

As for the trading volume, on the date of first writing this review (19 November 2019), coinmarketcap.com reports that the 24 hour trading volume was USD  255,502. On the date of last updating this review (2 December 2021) the 24-hour trading volume was USD 171 million compared to USD 20 million on 16 March 2020.

Dex-Trade Trading View

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 crypto 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 see that it feels right to you. The below is a picture of the trading view at Dex-Trade:

Dex-Trade Fees

Dex-Trade Trading fees

The one thing we can’t stress enough is that you must always check the trading fees at the exchange you want to trade at. Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers make the liquidity in a market and takers remove this liquidity by matching makers’ orders with their own.

Dex-Trade charges 0.20% for takers. Makers, however, pay only half that: 0.10%. These fees are definitely acceptable and in line with industry averages.

Dex-Trade Withdrawal fees

Many exchanges have low trading fees but then on the way out hit you with their high withdrawal fees. Dex-Trade charges 0.0005 BTC for BTC-withdrawals. The global industry average BTC-withdrawal fee is 0.00053 BTC per each BTC-withdrawal according to this report, so Dex-Trade is slightly lower than the average fee rate.

Deposit Methods

This exchange accepts fiat currency wire transfer deposits. But, only if you deposit USD. This means that you can’t deposit the EUR, the GBP or any other fiat currency other than the USD, there. In any event, the exchange qualifies as an “entry-level exchange”, enabling new crypto traders to take their first steps into the crypto world at this platform. Credit card deposits are however not possible.

If you are a new crypto investor and you wish to start trading through a credit card deposit (or want to wire transfer another fiat currency than the USD) you can find an exchange offering this option by using our Exchange Finder tool.