Tidex
- Overview
- Security
- User Experience
Volume 24H: BTC 986.96/24h
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
- AE
- AHT
- ARN
- BCH
- BMC
- BTC
- CFT*
- CREDO
- DASH
- DOGE
- EDG
- EMGO
- ENG
- ENJ
- EOS
- ETH
- EVX
- ICN
- ICOS
- INPAY
- KNC
- KOLION
- LTC
- MCO
- MER
- MGO
- MRT
- MSD
- MSP
- MTH
- MTL
- OCL
- PBT
- PING
- PIX
- PRG
- RBX
- RLC
- SNM
- STA
- STEEM
- SUB
- SUR
- TIME
- TRCT
- USDT
- WAVES
- WCT
- WGO
- WGR
- ZRC
Traditional Currency 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
- — Api
- — Web Interface
Stock Market Options
No security breach has been reported to date on theTidex exchange, but this isn't highly relevant considering it was only recently launched. Though withdrawals can be operated only after email confirmation, the exchange offers hot storage and is best for users who keep their assets in separate secure wallets, off the platform.
Summary:
| 2 Factor Authentication | Yes |
| Funds Insured | Funds Are Not Insured |
| Private Keys Stored On | Exchange Platform |
| Storage Type | Hot |
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 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.