Tidex

Tidex

  • United Kingdom of Great Britain and Northern Ireland

  • Full trading platform

  • Tidex.com

  • Since 2018

Tidex
In Social Media:
Intuitive Ease of use,  Enough secure,  Anonymously trading

Volume 24H: $994,495

Tidex is a new and unregulated exchange platform best known for the zero-fee initial offering and for the official endorsement they got from Waves Platform. They present themselves as a new generation exchange that allows users to list custom application tokens (APPCOIN) and custom blocks on the Waves and ETH Blockchain.

The Tidex exchange has a customizable interface similar to Poloniex, but with less functionality. Though not difficult to understand or use, the platform is not completely beginner-friendly as it supports no fiat, while the lack of advanced order options and trading margins make it less appealing for experienced users. The Tidex team is working on implementing new decentralized technologies.

Crypto Currencies Support

Language Support

  • English
  • Russian

Country Support

  • Australia
  • Canada
  • European Union
  • Hong Kong
  • Japan
  • Most Africa
  • Most of Asia
  • Most of Eastern European Union
  • Most of Latin America
  • Most of the Middle East
  • New Zealand
  • Norway
  • Russian Federation
  • Singapore
  • Switzerland
  • Turkey
  • United Kingdom of Great Britain and Northern Ireland
  • United States of America

Platforms Systems

  • Web Interface
  • API

Stock Market Options

Interface
customisation:

  • Allows customization of charts
  • Allows light and dark theme
  • Allows the movement or resizing of boxes

Advanced
Options:

  • Limit Order
  • Market Order
  • Pending order

Tidex security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.

Summary:

2 Factor Authentication
Yes
Funds Insured
Funds are not insured
Private Keys Stored On
Exchange platform
Storage Type
Hot storage

Advanced Security Features:

  • Email Notification of withdrawal

Security Features:

  • SSL

Legal Registration or Compliance:

  • KYC/AML Compliant

Elite Way Development LLP is a London-based company that runs Tidex platform using Russian and Ukrainian developers. Though there have been rumors that the exchange in fact belongs to Waves, Tidex denied this saying they are just working closely with the Waves development team to offer the advantages of both traditional and decentralized exchanges in the same portal.

Summary:

Though still in public testing, The Tidex exchange has continuously solved bugs and improved UX based on users' feedback. However, at this stage is difficult to say what type of users it serves best. Lack of support for fiat makes it difficult to approach for beginners, while the lack of advanced trading features is not engaging for seasoned users. New features are said to be on the way.

Ease of use
Intuitive
Transaction Fees
0.1-0.29%
Deposit/Withdrawal Fee
0-0.09%
Deposit/Withdrawal Fee c For Bank Transfer
N/A
Deposit/Withdrawal Fee For Credit Card
N/A
Deposit/Withdrawal Fee Charged For 3rd party Payments
N/A
Anonymous Trading
Yes

Deposit/Withdrawal Options:

Send/Receive Crypto

Functionality:

Tidex currently lists 78 coins, allowing users to trade using 173 pairs including popular coins and digitized versions of fiat currencies (USDT, WUSD and WEUR), but no fiat currencies. Another downside is that the platform doesn't allow bank account or credit card deposits/withdrawals. They have a fixed fee for trading which some consider high.

Most common
customer complaint:

Login issues, Slow BTC transactions due to small default miners fee.