CoinQX is a cryptocurrency exchange that has been operating since 2018. It was established with the aim of providing a safe, secure and user-friendly platform for trading cryptocurrencies. In this review, we will look at the features, benefits, and drawbacks of using CoinQX for trading cryptocurrencies.
User Interface and Experience
CoinQX has a simple and user-friendly interface. The website is well-organized, with all the important information and features displayed on the main page. It is easy to navigate and find the information needed. The platform is also available in multiple languages, including English, Chinese, and Spanish, making it accessible to users from different parts of the world.
The exchange offers trading pairs for various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many others. The trading process is straightforward, and users can place buy or sell orders with just a few clicks. The exchange also offers real-time market data and charts that allow traders to analyze market trends and make informed decisions.
Security Measures
CoinQX places a high priority on security. The exchange employs various security measures to protect user data and assets. For example, the platform uses SSL encryption to ensure that all data transmitted between users and the exchange is secure.
In addition, CoinQX stores the majority of its digital assets in cold storage, which is a secure offline wallet that is not connected to the internet. This reduces the risk of hacking and theft, as it is much harder for hackers to gain access to assets stored offline.
The exchange also uses two-factor authentication (2FA) to add an extra layer of security to user accounts. This means that users have to enter a code sent to their mobile device in addition to their password to log in to their accounts.
Fees
CoinQX has competitive trading fees, with a maker fee of 0.1% and a taker fee of 0.2%. This is lower than many other exchanges, making it an attractive option for traders looking to keep their trading costs low.
However, the exchange does charge a withdrawal fee for digital assets. The fee varies depending on the cryptocurrency being withdrawn, and it can be higher than the fees charged by other exchanges.
Customer Support
CoinQX provides excellent customer support, with a dedicated support team available 24/7 to assist users with any issues they may encounter. The exchange offers support via email, live chat, and social media platforms such as Twitter and Telegram. The support team is responsive and knowledgeable, and they work quickly to resolve any problems that users may have.
In addition, the exchange has an extensive FAQ section on its website that covers a wide range of topics, including trading, deposits, withdrawals, and security.
Regulation
CoinQX is not regulated by any financial authorities or regulatory bodies. This can be a concern for some users who prefer to trade on regulated exchanges. However, the exchange has a good reputation in the cryptocurrency community, and it has not experienced any major security breaches or incidents since its inception.
Conclusion
In summary, CoinQX is a reliable cryptocurrency exchange that offers a simple and user-friendly platform for trading various digital assets. The exchange has competitive trading fees and employs multiple security measures to protect user data and assets. The customer support team is responsive and knowledgeable, and the website is available in multiple languages, making it accessible to users from around the world.
However, the exchange is not regulated, which may be a concern for some users. Additionally, the withdrawal fees for digital assets can be higher than those charged by other exchanges. Overall, CoinQX is a good option for users looking for a secure and reliable cryptocurrency exchange with low trading fees.