EXX Review 2018
EXX, short for Exchange X, is a cryptocurrency exchange that is based in Hong Kong. The exchange was established recently in 2017 and specializes in offering trading services for BTC markets, ETH markets, HSR markets, QC markets, QTUM markets and USDT markets. The exchange is operated by a holding company called EXX Group LTD and their primary focus is the South East Asian market.
EXX lets you trade the cryptocurrency markets as spot trades or as candlesticks trades. Both the trading platforms used on the EXX exchange are web-based. The main differences between the two platforms are the trading tools each platform possesses.
- Deposit and Withdrawal Options
- Fees and Charges
- Privacy and Security
- Customer Support
- Pros and Cons
With the spot trades platform, convenience is the priority. The platform interface is laid out in such a manner as to facilitate quick trades. The cryptocurrencies that are available for trading are positioned on the left side of the trading screen with the price chart-dominating the rest of the screen. You can also view the volume traded at the lower section of the price chart.
For more experienced traders, the preference will be to trade candlesticks style. This platform is more sophisticated and comes with a selection of trading tools which will be greatly appreciated by those who want to analyze the market in-depth. For example, there are several technical indicators which you can overlay over your chart to give you the trading signals that you want to generate.
EXX has also made available mobile apps which you can download and install onto your smartphone. The app is optimized for both iOS and Android-powered devices are provided free of charge. With the mobile app, you can check your account balance as well make trades directly from your phone.
Currently, EXX supports up to 48 different types of cryptocurrencies. Leverage trading is also available at EXX for a reasonable fee. Apart from cryptocurrencies, you can also trade futures contracts on the EXX platform.
Deposit and Withdrawal Options
Funding and withdrawals at EXX can only be done with cryptocurrencies. EXX currently does not have any provision or support for fiat currencies. To make a deposit at EXX, you will need to register for an account first. The good thing about EXX is the fact that you can have 10 different sub accounts under your main account. This makes it easier to manage all your cryptocurrencies holdings under one main account.
Fees and Charges
All trades on the EXX platform are charged a flat fee of 0. 1%. Deposits on EXX are free but withdrawal fees are applicable on some cryptocurrencies. The following table below shows some of the applicable withdrawal fees on the various cryptocurrencies supported by EXX:
Privacy and Security
As the EXX exchange only deals with cryptocurrencies, they do not require any verification of their account holders. All that is required to open an account with them is a phone number and an email address.
For security, EXX stores the bulk of their customers’ funds in cold storage. On the customer side, they can enable 2-factor authentication to safeguard against unauthorized withdrawals.
The customer support service at EXX comprises of a help section where basic information and answers are provided to frequently asked questions. The exchange has also provided a support email address which you can use to contact the support team with.
Pros and Cons
- Low Fees
- No fees on deposit and selected cryptocurrency withdrawals
- Two main versions of trading platforms
- Wide range of cryptocurrencies supported
- No support for fiat currencies
- Help section lack in-depth information
How do I sign up for an account at EXX?
To open an account at EXX, click on “Sign Up” at the top right corner of the webpage. Next, fill in the registration form and click the “Sign Up” button.
How do I make a deposit on EXX?
First, sign in to your account and proceed to the financial section. Next, select the currency that you want to deposit and click the “deposit” button on the right side of the currency. You will be taken to a new page. Next, select the depositing currency and copy the deposit address to the wallet that you are depositing from.
How do I make a withdrawal?
Sign in to your account and proceed to the finance section. Select the currency that you will to withdraw and click “Withdraw” on the right side of the selected currency. After you selected the currency that is to be withdrawn, provided the withdrawal address and fill in all the relevant information such as the amount to withdraw. Confirm the information then click on “Withdraw” to execute the withdrawal process.
How do I create a sub account?
Log in to your account and go to “the Main account”. Next, select “Create new sub-account”. Name the sub account and verify the password used to log in to the main account. To verify if the subaccount creation is successful, go to “Account Management” to view if the new sub-account is listed.
Overall, EXX seems to provide a decent level of service. Their offerings seem solid and the security of the platform is fairly tight. The exchange is especially suited for Asian traders since it supports Chinese, Korean and Japanese as well. Another plus point about the exchange is the fact that the transaction fee is lower than the industry standard at 0.1%. However as the exchange is relatively new, it is still too early to know for sure how reliable is the exchange.
- Ethereum Classic
- Bitcoin Cash
- Cape Verde
- Sri Lanka
- United Kingdom
- Solomon Islands
- Trinidad and Tobago
- Burkina Faso
- Russian Federation
- Saint Lucia
- South Sudan
- Virgin Islands, British
- South Korea
- Saint Kitts and Nevis
- Saint Vincent and the Grenadines
- Vatican City
- Papua New Guinea
- Cote d'Ivoire
- Dominican Republic
- Bosnia and Herzegovina
- Equatorial Guinea
- Hong Kong
- Sierra Leone
- Saudi Arabia
- Cayman Islands
- Sao Tome and Principe
- Czech Republic
- United Arab Emirates
- Marshall Islands
- New Zealand
- Antigua and Barbuda
- Central African Republic
- San Marino
- Costa Rica
- El Salvador
- South Africa
- Isle of Man