EXX Review
EXX, or Exchange X, is one of the numerous cryptocurrency exchanges in Hong Kong. EXX Group LTD, the firm behind the platform, launched it in 2017. Even though the exchange’s functions are also available in English, it is primarily aimed at the Asian market. Users of EXX may trade cryptocurrencies, including BTC, ETH, HSR, QC, QTUM, and USDT. This EXX exchange review will highlight all major features of the platform and much more.
One of the platform’s attractions is its cheap trading costs, charged at a fixed rate of 0.10 percent. When compared to the worldwide industry average of 0.25 percent, this is a very enticing figure. The majority of big cryptocurrency exchanges charge fees ranging from 0.20 percent to 0.10 percent, making EXX’s costs quite appealing to the typical user. EXX has a withdrawal cost of 0.001 BTC, which is about typical for the industry. The site does not offer fiat-crypto trading, which may prevent novice cryptocurrency investors from utilizing it.
The exchange is well-known for a large number of cryptocurrencies it accepts. The website also offers margin trading, which may be a crucial feature for certain cryptocurrency investors. Apart from the firm’s name that owns the exchange, there is little information on the team behind it. There are just a few images of the persons in command, and there is little information about their history or expertise. There is also a scarcity of information on the exchange’s security mechanism. The website has no information about their methods. Due to their lack of openness, the exchange’s trust suffers. For certain people, this fact might be quite concerning.
For those who prefer to trade on the move, the exchange has a professionally designed website and a mobile app that can be downloaded on iOS and Android. The website has a multilingual interface with Korean, Japanese, Chinese, and English as choices. Even though there haven’t been many complaints about the website’s English translation, the language selections suggest that EXX aims to attract more Asian customers than others. The interface is easy to use and clearly explains the functionality of the exchange and its website. All users may easily traverse the website if they are familiar with the interface language. Customer service is provided 24 hours a day, seven days a week on the website, which is also accessible in English.
| Exchange platform | EXX |
| Website | www.exx.com |
| Variety crypto | 60 |
| Account | Yes |
| Verification | Compulsory |
| Verification levels | 2 |
| Trading Platform | Internet based |
| Payment Method | Bank account, Debit/Credit card, Crypto Conversion, ACH transfer, |
| Customer Support | Email, Phone Twitter |
What is EXX?
EXX (short for Exchange X) is a Hong Kong-based cryptocurrency exchange. The exchange was founded in 2017 and focuses on providing trading services for BTC, ETH, HSR, QC, QTUM, and USDT markets. The exchange is run by EXX Group LTD, a holding company specializing in the Southeast Asian market.
EXX allows you to trade cryptocurrency markets as spot or candlestick transactions. Both of the EXX exchange’s trading systems are web-based. The trading tools available on each platform are the key distinctions between the two. The ease of the spot trading platform is paramount. The platform’s user interface is designed to make rapid transactions possible. The available cryptocurrencies are shown on the left side of the trading screen, with the price chart taking up most of the space. The volume traded may also be seen in the bottom area of the price chart.
Candlesticks will be the preferred trading strategy for more experienced traders. This platform is more advanced and has various trading tools that will be very useful to people who wish to do in-depth market analysis. There are various technical indicators, for example, that you may overlay on your chart to get the trade indications you desire. EXX also provides mobile applications available for download and installation on your smartphone. The software is available for both iOS and Android smartphones and is completely free. You may check your account balance and make trades immediately from your phone using the mobile app. EXX now supports up to 48 distinct cryptocurrency kinds. EXX also offers leverage trading for a modest charge. On the EXX platform, you may trade futures contracts in addition to cryptocurrencies.
As earlier mentioned, EXX is a Hong Kong-based cryptocurrency exchange. Hong Kong has a plethora of coin exchangers. In some ways, Hong Kong is the Mecca of cryptocurrency trading. Binance, Bit-Z, and KuCoin are just a few of the exchange’s rivals on its soil. This exchange has a unique feature that enables you to have up to ten sub-accounts. You may invest and separate your assets this way. A smartphone version for this trading platform is also available. This implies that you may trade cryptocurrencies at EXX if you have a smartphone or a reading tablet.
So far, EXX reviews on several platforms have not been particularly positive. Many English-speaking consumers have reported that the exchange has mishandled their accounts or frozen their funds. Although the customer service staff has been made aware of such issues, not all of them have been remedied. This indicates that the platform’s English interface and its customer assistance have major flaws. When utilizing the platform, keep such complaints in mind.
Available currencies
This exchange trades various cryptocurrencies, including Bitcoin, Ethereum, Qtum, and a variety of other well-known cryptocurrencies. They utilize a flat-fee approach, in which both buyers and sellers pay the same transaction costs. Users may trade at a quicker pace than on the internet, thanks to the addition of a mobile trading app. Every part of the exchange is made simple and straightforward for me to utilize from registration through withdrawal. The following are some of the cryptocurrencies that EXX supports:
- EPC
- CFUN
- ETC
- ETH
- MONA
- CHAT
- EOS
- MCO
- SPC
- XUC
- USDT
- QASH
- QBT
- INK
- HSR
- CAN
- LTC
- TSL
- QTUM
- BTM
- BTC
- BCC
- HLD
- BTS
- QC
- XWC
- BOT
- SEXC
- TV
Pros and Cons
- Users have access to a greater choice of cryptocurrencies to trade.
- They provide a flat cost structure for both buyers and sellers.
- It is feasible to avoid large losses by creating sub-accounts.
- When users request a withdrawal, they will get a confirmation email.
- Fees are low.
- There are no fees on deposits or withdrawals of some cryptocurrencies.
- There are two types of trading platforms.
- Support for a wide variety of coins
- Fiat currencies are not supported.
- There isn’t enough information in the help area, and the customer support is terrible.
Deposit and Withdrawal
Only cryptocurrencies may be used to fund and withdraw at EXX because there is presently no provision or support for fiat currencies on EXX. You must first create an account with EXX before making a deposit. EXX has the advantage of allowing you to have ten distinct sub accounts beneath your primary account. This makes it simple to keep track of all of your cryptocurrency assets in one place.
Security and Privacy
Because the EXX exchange solely trades in cryptocurrency, there is no need for account holders to be verified. To create an account with them, all you need is a phone number and an email address. EXX keeps the majority of its clients’ cash in cold storage for security reasons. Customers may set two-factor authentication to protect themselves against illegal withdrawals. The verification process is thorough, and the fact that it has numerous strategic and media partners suggests that it is a reasonably trustworthy commercial concern.
Customer Service
EXX’s customer support service includes a help section that provides basic information and solutions to commonly asked issues. You may also contact the support staff by sending an email to the exchange’s support email address.
US Investors
Investors from the United States seem to be welcome on the exchange. Investors in the United States should, as usual, conduct their independent evaluation of any issues stemming from their domicile or citizenship.
EXX Trading View
Different exchanges have different perspectives on trade. It would help if you decided for yourself which trading perspective is ideal for you. A portion of the order book, order history, and a price chart of the selected cryptocurrency, are all common views. They usually have bought and sell boxes as well. Before choosing an exchange, go through the trading perspective to see if it appears ideal to you.
Trading Fees
There are no separate costs for takers and manufacturers on this market. Instead, their cost structure is a “flat fee model.” EXX charges a fixed fee of 0.20 percent. According to our most recent research, this price is in line with the industry average of 0.213 percent. A fixed cost of 0.1% is applied to all trades on the EXX platform. Deposits on EXX are free, although certain cryptocurrencies have withdrawal fees.
Withdrawal Fees
Withdrawal costs at EXX are calculated on a percentage basis (0.20 percent ). This implies that, like the trading fees, the cost paid for withdrawing money from the platform is a proportion of the amount being withdrawn. Trading fees are calculated as a proportion of the amount exchanged. Fees for withdrawals are calculated as a percentage of the amount withdrawn. Almost every crypto exchange in the world charges percentage-based trading costs, yet just 15-20 of the 600+ exchanges we have listed in our Exchange List (and have since perished and been relocated to our Exchange Graveyard) charge percentage-based withdrawal costs. The rest have set prices (e.g., around 0.0005 BTC per BTC-withdrawal). As a result, the withdrawal fee mechanism used by EXX is extremely peculiar.
When you withdraw little sums, the cost structure of this exchange is advantageous to you. If you withdraw 0.01 BTC, the cost is reduced to 0.00002 BTC (extremely low and very consumer-friendly). However, if you withdraw 10 BTC, the cost is reduced to 0.02 BTC (extremely high). It would help if you thought about whether or not this withdrawal cost is appropriate for your trade. All cryptocurrencies have open deposit and withdrawal fees. There is a variable fare increasing cost for each coin and daily and transaction restrictions for each coin. The fee-rising rate for Bitcoin (BTC) is 0.0005, with a maximum withdrawal of fifty dollars per transaction and two hundred dollars per day. The costs for all currency transactions are 0.1 percent.
Deposit Methods
Because this trading site only accepts cryptocurrencies as a deposit option, new crypto investors cannot trade here. If you’re a rookie who still wants to trade on EXX, you’ll have to buy cryptocurrency from another exchange first. You may then deposit them here as a second step. There are two phases to depositing. You must first log in, then choose the Assets and Deposit tabs. Then choose the digital assets you desire and either copy the deposit address to your electronic wallet or use the QR code as a preferred payment method with your wallet. Deposits in fiat currencies are not accepted. The procedure is straightforward. You generate an address code for any token or digital currency you choose. Then you must log in to the platform, choose the token or cryptocurrency you wish to withdraw, click the withdrawal option, and enter the address you want to send the funds to. To continue with the withdrawal, check sure the information is accurate and click confirm.
EXX Features
The following are some of the primary benefits of the Exx exchange:
- Fees and commission structure are quite modest;
- A large number of digital coins (around forty);
- Leverage for active trading is available;
- Charts, order books, and trading history are available on an advanced trading platform.
- The 100 Thousand Exchange Alliance, which is an initiative to encourage members to be active and enjoy the advantages of increased liquidity, rebates, professional team help, and alliance globalization;
- A gaming hub;
- Financial and asset management to earn interest on digital assets, including purchase history and income records;
- ExxMall or online shopping deals;
- Cloud computer mining provides real-time digital currency mining with three degrees of difficulty: beginners, experts, and huge mining.
Trading Tools
The trading platform appears when you click on the Trade tab, and it seems to offer complex trading capabilities. You may trade different cryptocurrencies and see the history of your orders as well as the current entrust. However, you only have a limited number of time frames to choose from when customizing your trading charts. You only have 1-minute, 15-minute, 30-minute, 1-hour, 1-day, and 1-week available. For technical analysis of the financial markets, you may choose from various charts, including bars, candles, lines, hollow candles, and a variety of indicators. It’s critical to have access to information concerning volume, which TradingView can supply. Additional data is provided, such as the price change of any cryptocurrency over the previous twenty-four hours and the most recent price, which may be quite useful.
Exx Exchange API
A page dedicated to the Exx API is accessible with information about it. There is also information on the rest and trade APIs and an example code and commonly asked questions.
Service to Customers
Customer support will be discussed next in this Exx exchange review. Support staff and a help center are available, and various valuable announcements and a wealth of information and frequently asked questions. A basic tutorial is available, and users may contact help through email at support@exx.com, which may be accessed on the main web page. What are the exchange’s reputation and feedback?
Conclusion
Some of the exchange’s most important features were discussed in this Exx exchange review. The platform’s layout is straightforward in general, and it’s not difficult to explore and locate various exchange options. TradingView backs up the charts with a plethora of tools for active trading. There are various digital currencies to pick from and trade, as well as some intriguing features like a shopping center with online shopping deals and the possibility to mine bitcoin. A financial management and wealth management feature is also available, which may generate extra money. Because the major language is Chinese, the exchange is primarily focused on the Asian market. This trade has received just a few reviews. It implies that consumers and traders should do due diligence before selecting whether or not to utilize it.
The exchange has several strategic and media partners. It is a marketing and commercial attempt to establish itself in the Asian area and develop a brand name. It’s a different exchange to think about having some fascinating features. The exchange’s extensive verification procedure lends it further legitimacy, making it a rather secure exchange to utilize. Overall, EXX seems to provide a respectable level of service. Their services seem to be reliable, and the platform’s security seems to be adequate. Because it supports Chinese, Korean, and Japanese, the exchange is particularly well suited to Asian dealers. Another advantage of the exchange is that the transaction charge, at 0.1 percent, is lower than the industry norm. However, since the exchange is still relatively young, it is too early to say whether or not it is dependable.
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