C-Patex Review – Is C-Patex Scam or Legit?
A growing number of investors are transferring their money away from forex and stocks and towards bitcoin and other cryptocurrencies, which is causing the cryptocurrency trading market to grow. As the digital currency market grows in popularity and more people become attracted to it. The number of scams and frauds has also increased, as has the number of fall victims. This is why proper research needs to be done on any trading platform you are considering using. Saving you all that trouble, here is a C-Patex exchange review – what you need to know about the trading platform.
The reality is that no trading market is 100 percent secure and provides complete assurance of a scam-free trading environment, regardless of whether it is in cryptocurrency, forex, or stocks.
The fundamental question is whether or not it is possible to prevent being a victim of a scam or fraud to some extent. As a result, you strongly advise that you use the most appropriate trading platform to minimize the risk level associated with your investment.
Because the majority of cryptocurrency traders prefer to invest in bitcoin, this article will provide you with an overview of a cryptocurrency exchange platform known as C-Patex, as well as information on how they are performing in the market and key information on how their platform works, to assist you in making the best decision for your particular situation.
Suppose you are a bitcoin enthusiast who is interested in making a long-term investment in bitcoin. In that case, there are various platforms, such as bitcoin billionaires, that may assist you in gaining a thorough understanding of the bitcoin market.
|Exchange platform||C-patex Exchange|
|Payment method||Wire transfer, Credit card|
|Customer Support||Email, phone, SMS|
What Is C-Patex Exchange
Argentina has only two exchanges per year, making this one of the unique exchanges available. SouthXchange is the only other option available. Brazil is the most important country in South America regarding the number of bitcoin exchanges located there. Brazil is home to ten cryptocurrency exchanges, all of which are mentioned on our Cryptocurrency Exchange Directory. The exchange, which first opened its doors in November 2014, allows users to trade in various cryptocurrencies. You won’t find any of the newest initial coin offering tokens here, but all major cryptocurrencies are covered. The 24-hour trading volume on the C patex exchange is $545.56. (0.015200 BTC).
According to Coinmarketcap, the trading volume had plummeted considerably when this review was last updated (on March 31, 2020, right in the midst of the COVID-19 crisis), to barely USD 1,275 on that day. This exchange’s trading volume is extremely low, which unfortunately signals that it may be forced to close in the not-too-distant future. The 24-hour trading volume on the C patex exchange is $545.56. (0.015200 BTC) C patex now supports a total of 0 cryptocurrencies and 0 trading pairs on the stock market. Only users who deal in ARS (Argentinean Real) must provide identification documents such as a driver’s license and other legal documentation. Aside from trading in its shares, PATS (C-Patex shares), C-PatEx also enables trading in C-Patex shares, of which 50 000 were released on December 1, 2017. Dividends are distributed to shareholders regularly in Bitcoin.
To the best of our knowledge, the exchange allows investors from the United States. As a US investor, however, you should always conduct your research into any potential impediments that may arise from your residency or citizenship.
C-Patex Trading Services
C-Patex is regarded as a tool to assist our users in negotiating and exchanging their coins with one another. Except for PATS shares, we at C-PatEx do not buy or trade any other coins. Suppose your order does not meet the conditions of an existing open order. In that case, your order will be put among the open orders currently waiting for a user prepared to accept the price at which another user has placed your order. Using the C-Patex cryptocurrency exchange, users can purchase cryptocurrency tokens and buy and sell listed crypto assets on an exchange-to-exchange basis.
C-Patex trading view
Exchanges have different trading views. One thing is certain; it is impossible to establish whether or not this overview is the “best.” It is up to you to decide which trading perspective best suits you. You can see the order book and cryptocurrency prices and order history in the majority of the views. It is not uncommon for them to also have buy and sell boxes. Try to take a look at the trading view before you make your choice.
C-Patex Trading Fees
The importance of trading fees cannot be overstated. The charge numbers may appear tiny at first look, but they can add up to large sums of money over time.
The fees charged by this trading platform are the same for both takers and makers. This type of charge structure is referred to as a “flat fee model.” C-Patex charges Both Market Takers And Market Makers with a fee of 0.15% per trade, which is a comparatively low amount. By comparison, a South American Ethereum exchange called CryptoMarket charges up to 0.70% per trade. This is not in line with the average for the entire worldwide industry. It is, in fact, below the average. Furthermore, C-PatEx only charges withdrawals from the exchange, not deposits.
Withdrawal and Deposit Fees
Concerning withdrawal fees, they have been unable to locate any information about them at this exchange. Therefore, investors like you may be exposed to this type of danger (if they are not informed of anywhere, they believe there is a higher risk that they are high). Therefore, they strongly advise you to conduct your own investigation into the withdrawal fees charged by this exchange before depositing any cash before determining that it is the finest cryptocurrency exchange site for you.
There are numerous fiat currency deposit methods available here, but only for the fiat currency ARS, they use (Argentine peso). The fiat currencies, the United States dollar and the euro, are not supported by this exchange. ARS holders are the only ones who can participate in this exchange, which qualifies as an “entry-level exchange.”
For the protection of your account, C-Patex.Com utilizes Two-Factor Authentication (2FA). As a result, users must first verify that they are the legitimate account holder before logging in. The use of two-factor authentication (also known as 2FA) provides an additional layer of protection against hacking attempts. It also contributes to lowering the likelihood of identity theft.
To enable two-factor authentication, go to my profile and select two-factor authentication from the drop-down menu. Following activation, scan the QR code or manually enter the appropriate key using an authentication software such as Google Authenticator, Microsoft Authenticator, or your favorite authenticator app to verify your identity.
Once the card has been scanned, enter the number that appears on the screen, and your account will be available for use. Make a note of your two-factor authentication codes in case you lose access to your login app.
This Exchange platform does not have an API.
They care about the safety of your personal information and take precautions to protect it. They protect your personal information data encryption technology and have put in place safeguards to prevent unauthorized access to and storage of your information. However, please keep in mind that, despite best efforts, no data transmission over the Internet or form of electronic storage can be guaranteed to be 100 percent secure.
In general, the Personal Data that you provide to them is used to either answer requests that you make or assist them in providing you with a better experience. They utilize your Personal Data in the following ways:
Assist with the creation of your account and the safety of your profile on their network. A service provider will identify you and do identity verification on your behalf. They also enhance the management of website and services, send you a welcome email to verify that you are the owner of the email address that you gave when you started your account, improve the overall quality of your interaction with the Site and Services, send you administrative email notifications, such as those regarding account activity, security, transaction processing, or support and maintenance alerts, prevent, and report fraudulent, suspicious, or unlawful activity, notify you of significant changes to Terms and Conditions; and react to your questions about job openings or other demands.
To offer you with a more personalized and engaging experience on their site, they may use both session cookies (which terminate once you shut your browser) and permanent cookies (which remain on your computer until they are deleted). This type of information is acquired specifically to optimize the site’s functionality to you and to tailor your experience with them to your individual interests and needs. In addition, they may build Anonymous Data records from Personal Data records by removing information (such as your name) that makes the data personally identifiable to you from the records. We use this Anonymous Data to evaluate the request and use trends to improve the content of our Services and the navigation of our website. We retain the right to utilize Anonymous Data, aggregated and other de-identified information, and to distribute Anonymous Data to third parties at our sole discretion for any purpose, including marketing. C-Patex does not share, sell, or rent user information to any third parties.
When developing the C-Patex platform, they wanted to ensure that it was simple to use for both experienced traders and newcomers. Generally speaking, the C-Patex trading engine is accessed via a web browser. Everything is done online through the website, which is convenient. Trading this engine is as simple as visiting the URL of the Markets page, where all traded assets are shown in pairs (usually), and then clicking on the relevant button.
The current layout includes a bar on the left-hand side that allows the user to quickly access other windows, such as the trade history window, without leaving the page. It is simple for clients to use the chart to set order limits or cancel orders at a specific price level.
The following functions are available through the online interface: the ability to interact with an interactive chart for asset analysis, the ability to comment on anything crypto-related, including open trades, the reasoning for trading decisions, and relevant news from the market, and the ability to send private messages to other users. An additional box is displayed with the words Buy or Sell. Market orders and limit orders can be used to place trades in this section.
Another feature is the ability to examine the Order Book, which contains buy and sell positions currently active in the market and an announcement box.
Users can use the book, which is located just below the chart, to compare prices and bids between each other. A slider that calculates and displays the liquidation price can also be used to adjust the number of trades being executed. The C-patex platform puts its clients in command of their assets by offering various entry methods and exiting a transaction. Furthermore, various order types are available for selection depending on which order type the user believes is most appropriate for their intended purpose. In general, C-Patek has a straightforward user interface that is simple enough to be used by both professionals and novices. Even though the interface incorporates various technical capabilities for experienced traders, the interface’s simplicity makes it simple to navigate. You may place trades without feeling stressed and choose from the available order kinds, including Market, Limit, and Stop orders, among others. Likewise, making withdrawals and deposits on the platform is as simple as clicking a button and selecting the transfer method that best suits your needs.
Limits and Liquidity
It appears that trading volumes across all C-PatEx pairs, except LTC/BTC, are extremely low. As a result of their low liquidity, assets are susceptible to manipulation.
Another important factor that many traders consider when choosing an exchange is the exchange’s level of customer service and support. To begin with, trading in the cryptocurrency market is a difficult endeavor in its own right. As a result, investors and traders require all of the assistance they can get when trading. This assistance is especially important when trading becomes more difficult as a result of unexpected circumstances. In these types of situations, traders and investors turn to their exchange platform for assistance, and failing to receive such assistance can negatively impact traders’ trading outcomes and experience. Therefore, when a trading exchange platform fails to provide the necessary support and assistance to meet the needs of traders, the exchange’s relevance is called into question.
The C-Patex has created a cryptocurrency platform that is designed to improve the user’s experience and provide assistance. The site is simple to navigate for new users who are visiting it for the first time. In addition, a Frequently Asked Questions section addresses the concerns of new investors. As a bonus, clients and partners can get assistance from a help desk. Examples include live chat, Telegram chat, and social media giveaways, to name a few. The customer support team comprises knowledgeable professionals who are available around the clock, seven days a week.
C-PatEx is an Argentinean digital asset marketplace that specializes in digital assets. ARS is the local fiat currency, and it allows low-cost trading in a wide range of cryptocurrencies and local currencies. Crypto-traders must first authenticate their email address before being allowed to utilize C-PatEx. They must first verify their identity, either through Two Factor Authentication (2FA) or a code issued to them through SMS or email, before they may withdraw their funds
One of the exchange’s main selling factors is that it offers a reasonable number of altcoins for trading activities and the ability to trade against the ARS cryptocurrency. Its platform, on the other hand, appears to be attractive and perfectly functional. The low liquidity of C-PatEx and the fact that minimum amounts and withdrawal fees are not specified are the main issues we have with the exchange. However, the company’s trading fees are reasonable, and it does not charge fees for deposits.
C-PatEx is a relatively entry-level exchange founded and run by a family team based in Patagonia, Argentina. It was established in 2003. The driving force behind the brand is Miguel Angel Grau’s company MAG Sistemas, which he founded and manages. However, the website is built on top of the open-source project Peatio, which is available for free (with some improvements). Thus, C-PatEx appears to be a reputable organization on the whole.
Nonetheless, we believe it is necessary to reiterate the inherent risks associated with the cryptocurrency space. The vast majority of cryptocurrency exchanges worldwide, including C-PatEx, are neither monitored nor licensed by any government agency. You might consider investing with a forex broker in the event that you prefer to do so with an established company.
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