CRXzone Exchange Review

CRXzone is a cryptocurrency exchange, a crypto wallet, and payment gateway that was established in Singapore in February 2014. Singapore hosts many cryptocurrencies such as Liquid, Bitrue and Bytex due to its favorable regulations for cryptocurrency. The founder of the company that operates the exchange, Intellect Market Pte. Ltd., is Pawan Kumar, who has plenty of years of experience in software development and investment consulting. In fact, at the time of its creation, CRXzone was the first platform in Singapore to offer both Litecoin and Bitcoin trading. The vision of CRXzone is to give “a fluid and safe condition” for users to trade crypto and it guarantees “Security, Scalability and Liquidity”.

The exchange offers some recognized coins such as Bitcoin, Litecoin and Dogecoin, however, it does not offer any altcoins or other well-known coins such as Ethereum and Ripple. CRXzone offers only 5 trading pairs, 3 cryptocurrency coins and as a result has a daily trading volume of $36,000. The trading fees of the exchange are 0.35%, which is relatively high for the industry. It serves the crypto space via no less than 4 active markets and the minimum deposit required to start trading is $500. Overall, the exchange has legitimacy as the company that operates it is registered in Singapore with legal and regulatory compliance and even an office that allows face to face trading.

Concerning its security, CRXzone offers two-factor validations and limits the amount a user can withdraw daily for added security and to avoid large thefts. Moreover, the exchange has established a detailed and strict AML policy and even a compliance officer with full responsibility to follow the AML policy. The company also closely monitors transactions for suspicious activity and KYC for all users is provided.