Lucent Exchange
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入金方法
UPDATE 2 December 2022: The firm's website is still up, though it doesn't seem to be fully operational. We reached out to the company for comment but heard nothing from Lucent's representatives. The company was last active on socials back in 2022, which suggests the Lucent closed for business some time ago.
Accordingly, we have marked the platform as "dead" in our Exchange Graveyard.
To find a reliable exchange where you can start an account, just use our Exchange Filters and we'll help you find the right platform for you.
Lucent Exchange Review
What is Lucent Exchange?
Lucent Exchange is a crypto exchange from the Philippines which launched in 2018. To our understanding, this exchange previously had the name Cezex.
At Lucent Exchange, they don’t only offer crypto trading but also derivatives trading. You can also trade with leverage. When you trade with leverage, you receive a higher exposure towards a certain asset’s price increase or decrease, without having the assets necessary. You do this by “leveraging” your trade, which in simple terms essentially means that you borrow from the exchange to bet more.
Leveraged Trading
For instance, let’s say that you have 10,000 USD on your trading account and bet 100 USD on BTC going long (i.e., increasing in value). You do so with 100x leverage. If BTC then increases in value with 10%, if you had only bet 100 USD, you would have earned 10 USD. As you bet 100 USD with 100x leverage, you have instead earned an additional 1,000 USD (990 USD more than if you had not leveraged your deal). On the other hand, if BTC decreases in value with 10%, you have lost 1,000 USD (990 USD more than if you had not leveraged your deal). So, as you might imagine, the balance between risk and reward in leveraged deals is quite fine-tuned (there are no risk free profits).
US-investors
As far as we can tell, US-investors are permitted to trade here. But, US-investors should do their own independent assessment of any problems arising from their residency or citizenship. State laws may complicate things for them.
Lucent Exchange 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 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 Lucent Exchange:
Lucent Exchange Fees
Lucent Exchange 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”. Lucent Exchange charges 0.20% for takers and 0.10% for 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, Lucent Exchange's taker fee and maker fee is below the industry average.
Lucent Exchange Withdrawal fees
Lucent Exchanges' withdrawal fee is 0.0005 BTC per BTC-withdrawal. This fee is a bit below the industry average. The global industry average BTC-withdrawal fee the last time we at Cryptowisser did a full-blown empirical study of it was approx. 0.0008 BTC per BTC-withdrawal. But today, we see more and more exchanges charging 0.0005 BTC per BTC-withdrawal, so one could argue that 0.0005 BTC is starting to become the new industry average.
Deposit Methods
Lucent Exchange does offer fiat currency deposits through wire transfer, but you can’t deposit via credit card. Accordingly, if you for some reason would prefer to deposit to your choice of trading platform via your credit card, then you need to find another exchange. Don’t worry though, you can find an exchange that accept credit card deposits simply by using our Exchange Finder tool.
However, as Lucent Exchange at all accepts fiat currency deposits, it qualifies as an “entry-level exchange”, where new investors can take their first steps into the thrilling crypto world.