Tidex is a leading crypto exchange with a trading volume reaching up to $2 million daily. Founded in 2017, the London-based exchanges are owned and operated by Elite Way Development LLP, a Fintech company headquartered in England. The exchange allows its users to buy and sell more than 100 pairs of cryptocurrencies and assets.
The Tidex exchange is in the top 50 crypto exchanges and is well regarded among its user base for its simplicity and user-friendliness. The fee structure on the exchange is transparent and way below the industry standard. Due to its simplicity and lower fees, it is dominated by Bitcoin/Ethereum and Waves/Bitcoin pairs with more than $16 million in trades every day.
In this brief review of the Tidex exchange, we will touch upon its many features. Let’s dive in.
Connecting your Tidex Address to ZenLedger For Your Crypto Tax Forms
As one of the most comprehensive cryptocurrency tax software options on the market, we have import instructions for well over 500+ exchanges.
Within ZenLedger, on the Import Transactions page and Exchanges tab, select the Exchange you want to import. Then you’ll see a table that outlines the possible methods. We support a direct API code import for many centralized exchanges, while others may require a CSV import. Decentralized exchanges may require a wallet address.
To import your transactions from an exchange, simply navigate to the “Exchanges” tab of the “Imports” page. Select the exchange that you are looking to import, and instructions will be provided for that specific exchange!
Tidex Features
The features offered by the Tidex exchange make trading accessible for all traders. Here are a few features of the exchange.
Functionality
Functionality is the most noteworthy feature of this web-based crypto exchange. The user interface is clutter free and easy to use with various trading functions. Not only this, Tidex is equipped with advanced features such as responsive charts, trading history, order books, different time frame options, and many other technical analysis indicators.
Trading Options
Tidex has trading options for both newbies and seasoned traders. You can have full access to supporting limits, market orders, and margin trading combined with a straightforward and transparent fee structure. You don’t have to pay any fee for market makers and only 0.1 percent for market takers.
Technology
With Tidex you can do cross-platform trading as the exchange offers an application programming interface (API) and makes trading accessible for all traders via mobile, tablet, and desktop. API integrations allow you to trade in a suitable way and keep a record of your trading account on the go.
Crypto-Backed Loans
A feature that distinguishes Tidex exchange from other exchanges is a crypto-backed loan. This feature allows you to get a crypto loan with your Bitcoin balance. You can calculate the rate at which you wish to borrow. Next, you can keep your Bitcoins as collateral and borrow Tether (USDT) with a minimum borrow amount of 100 USDT.
It is a form of Bitcoin loan with a daily changing interest rate. To avail of this loan you have to login into your Tidex account and you must have Bitcoin in your balance. Tidex loans are flexible in nature, meaning there are no deadlines for the loan and the exchange doesn’t check your credit history before issuing a loan. Thus, the loan service is instant and hassle-free.
Registration Process of Tidex
Tidex crypto exchange registration process is straightforward. Here’s how you register on the exchange:
- Visit the Tidex website and click on the green-colored “Create an Account” tab
- Fill up the registration form using your email ID, password, and username. You can also enter your phone number, but it is optional
- Agree to Terms and Conditions and then click on Log In
- You’ll receive a code in your registered email ID’s inbox in the form of a link. When you click on it, you’ll be redirected to a new page and you’ll be prompted to enter your email ID and password. When you enter the details, you can get into your account.
That is all. It only takes about 7 minutes to create an account and once created, it is ready to use.
Tidex Fees
Trading fees is one of the most appealing aspects of Tidex exchange. Let’s see what makes it so appealing.
Trading Fees
Usually, every crypto exchange charges a certain percentage of the trade order, and their taker and marker fees are different. This is where TIdex makes a difference. The exchange charges only a 0.1 percent taker fee and doesn’t charge any maker fee. Therefore, the exchange promotes liquidity.
Withdrawal Fees
When it comes to withdrawal fees, the exchange charges 0.0005 BTC for every Bitcoin withdrawal. This fee is slightly lower than the industry standard, which is about 0.0008 BTC. Nowadays, more and more exchanges are lowering their withdrawal fees to 0.0005 BTC, making it more competitive for Tidex.
Deposit Fees
The exchange doesn’t charge any deposit fee, but it only accepts deposits in the form of cryptocurrencies. This means you have to maintain crypto deposits on the exchange
To Conclude
Tidex is relatively new, but it has a significant market. A few things that make this exchange different from other exchanges is its simple and incredible user interface, making trading easy. Also, the transparent fee structure makes it more appealing to experienced traders.