CRXzone
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입금 방식
UPDATE 10 November 2021: CRXzone announced today that they will no longer offer the typical centralized exchange service, "Order Book Exchange", but only offer OTC-trades. Seeing as pure OTC-offerings limits the number of possible customers quite severely, we have decided to move this exchange ot our Exchange Graveyard (even though it's not technically "dead"). This is part of the announcement made by CRXzone in an email to its users on the date hereof:
Our Company, Intellect Market Pte Ltd, has come a long way since early
2014 when we introduced CRXzone.com. We always had two business
verticals:
-
- Order Book Exchange - We match Buyers and Sellers Trades, on price match we execute buyer and seller order and earn commission from it.
- OTC Desk Services - We Buy and Sell cryptocurrencies on current market price and all OTC trades are done against our company. Trades can be done safely at our International Plaza office, all settlements are done on the Spot.
Intellect Market is currently regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act as an exempted entity. We are allowed to continue our business operations until a final decision is made on our application.
Our mission is to provide a world-class transparent, deeply-liquid and
safe environment for our customers to buy, sell and trade cryptocurrencies within Singapore Regulations.
It is with great regret to inform you that after many years of service, we will be closing down our Order Book Exchange at CRXzone.com as this business is not profitable for us under the current regulatory requirements and the lack of available banking services to support us.
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CRXzone Review
CRXzone is one of the many crypto exchanges from Singapore. The exchange is operated by the company Intellect Market Pte. Ltd., founded in 2014. Their website clearly states the address and phone number of the company, and names (but no pictures) of all team members.
As an interesting feature, this trading platform has developed two APIs. One trading API that traders can use, and one merchant API that merchants can use in order to accept cryptocurrency payments in a fast and reliable manner.
CRXzone does not explicitly state that US-investors are prohibited from trading. Accordingly, we do believe that US-investors can trade here. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.
CRXzone 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 CRXzone:
OTC Trade Services
This exchange also provides OTC trade services for a number of the biggest cryptocurrencies. If you wish to use these services, you need to go to the exchange’s office located here:
Intellect Market Pte. Ltd.
#22-16 , 10 Anson Road,
International Plaza,
Singapore, 079903
You can also call them at +65-62204548 to do an OTC-trade.
To execute an OTC-trade with the help of CRXzone, the amount of the trade cannot be lower than 5,000 SGD (USD 3,706) and not higher than 500,000 SGD (USD 370,598).
Merchant Payment Gateway
If you are a merchant looking to accept Bitcoin or Litecoin as payment for your goods or services, then this exchange might have something that is interesting to you. The exchange namely provides an Merchant API that merchants can integrate into their respective websites. The CRXzone Payment Gateway is linked to the trading platform, Exchange. This gives the merchants the option between holding the payment received as crypto assets, or liquidate the payment into the preferred choice of fiat currency possible to exchange into at the exchange. This is certainly an interesting solution that we believe will become more and more common.
CRXzone Fees
CRXzone Trading fees
Most crypto exchanges charge two different types of trading fees: taker fees and maker fees. The taker is the person who picks up an existing order from the order book. The maker, on the other hand, is the person who creates an order that is not immediately matched against an existing order on the order book. Makers are often rewarded for creating liquidity on the platform by a lower trading fee than takers. Exchanges that do not make a distinction between takers and makers charge what we call “flat fees”. CRXZone charges 0.35% for both takers and makers.
According to the largest and most recent empirical study on crypto exchange trading fees, the average spot trading taker fee is currently 0.221% and the average spot trading maker fee is currently 0.177%.
Compared to those average trading fees, CRXZone's taker fee and maker fee is above the industry average.
CRXzone Withdrawal fees
We have not been able to find any information on the exchange’s website on their withdrawal fees for withdrawals of cryptocurrencies. This is potentially a risk for you as an investor. Generally speaking, absence of information on the website of a cryptocurrency exchange tends to mean that the information would not be such that a potential investor would like to hear. But that’s not always the case, of course. The withdrawal fees for fiat currencies are clearly specified at the website and are as follows:
Deposit Methods
At this trading platform, you can deposit through both wire transfer and credit cards (subject to certain conditions). The minimum deposit is currently USD 500. The exchange is accordingly an entry-level exchange, available also to new crypto investors without previous holdings of cryptocurrencies.
As for the credit card deposits, only people with a Singapore bank account linked to their credit card can deposit to the exchange using credit card.
For cryptocurrency investors that prefer to use Perfect Money, Skrill, Payeer, PayPal etc., CRXzone also offer those options.