CREX24 Exchange Review

Launched in 2017, CREX24 is a cryptocurrency exchange based in Estonia and targets Russian-speaking users. As it is a relatively new exchange, CREX24 is focused on only cryptocurrencies for the time being. Though the list of cryptocurrencies that the exchange supports is not extensive, it covers the most popular cryptocurrencies. Fiat-crypto trading is also available on CREX24, making it an entry-level exchange. CREX24 is owned by a company called Crex24 OÜ, which is publicly stated on their website.

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CREX24’s trading fees differentiate between takers and makers. Takers are charged a fee of 0.10%, which is significantly lower than the global industry average. Makers, on the other hand, receive a fee of -0.01%, meaning that they earn money as they trade. This is a very appealing feature for most users, which in turn could increase the exchange’s liquidity. The exchange charges a withdrawal fee of 0.001 BTC, which is higher than the industry average. As fiat-crypto trade is allowed, deposits can be made in the form of bank transfers and credit cards, as well as existing cryptocurrencies. However, the exchange is not open to all users, as access by residents and citizens of the UK, USA, Canada, and Israel is limited.

The exchange supports a website that is designed in a modern and practical fashion, allowing for the average user to navigate it with ease. CREX24 also has an active presence on social media, as the team updates the Twitter account daily. Their customer service is available 24/7 with services in Russian and English. Combined with the fact that it is practical for new cryptocurrency investors to use, the exchange has a very user-friendly presence, even though the exchange is more dominant in Russian that it is in English.

CREX24 uses two-factor authentication (2FA) as well as encrypted connection, however, user verification is optional. Though this allows for better anonymity, it might deter users who prefer added security through ID verification.