RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

Simex

Simex Exchange Review

Centralized

Simex, not to be confused with the Singapore International Monetary Exchange (SIMEX) that was a futures exchange, is a digital assets exchange based in the United States with a global footprint. A Simex exchange review reveals that their website is available in various languages, including English (primary), Chinese (Simplified), Hindi, Korean and Russian.

They seem to provide access to a few currency pairs, including crypto-to-crypto and fiat-to-crypto currency pairs. A Simex exchange review shows that they provide a list of the top 10 cryptocurrencies on their website, but only a few on the list are available for trading at this cryptocurrency exchange. The main cryptocurrencies offered for trading seems to be Bitcoin (BTC), Ethereum (ETH), US Dollar (USD) and Tether (USDT). In addition, they seem to serve the crypto space via no less than 9 active markets.

A Simex exchange review reveals that they also seem to offer investment opportunities, both private and collective. This seems to come in the form of various placements submitted by projects that require funding. Simex seems to charge a commission of 0.1% on deposits or investments made via their platform. In addition, it seems that beyond the 0.1% commission, refunds are available in cases where projects fail to reach the level of funds required.

Simex also seems to have a token of their own, namely the SMX Token (Ticker symbol: SMX). It seems that SMX tokens can be used to qualify for reduced commissions on trading or discounts on products/services purchased via the platform. In addition, it seems that SMX tokens can be exchange for preferred shares in the Simex Corporation.

Simex Exchange Review, Trading Fees, Deposit and Markets

  • 24h Trading Volume

    24222.202 BTC

    • Simex Total Trading Pairs

      N/A

      • Simex Margin Trading

        Yes

        • Simex Deposit fees

          N/A

          • Simex Fiat Deposit

            Yes

            • Accepted Payment Method

              N/A

              • Simex Native token

                Yes

                • Native token smart contract

                  N/A

                  • Simex Trading Markets

                    N/A

                    • Simex Stablecoins trading

                      N/A

                      Simex Withdrawals

                      • Daily Withdrawal Limit

                        N/A

                        • Simex Withdraw fees

                          N/A

                          • Simex Withdraw fees discount

                            Lower transaction fees based on balance of the user’s account and how many SMX tokens they hold:

                            • 1 000 SMX: 0.075% Maker / 0.075% Taker.
                            • 5 000 SMX: 0.05% Maker / 0.05% Taker.
                            • 10 000 SMX: 0% Maker / 0% Taker.

                            • Proof of Reserves

                              N/A

                              Simex Exchange Rating Analysis

                              • Simex is an American based crypto currencies exchange. Simex offers a below average amount of markets and tradable currencies on their site. Simex offers an average rate for commissions on their site. Concerns for this exchange include a lack of a cyber-security specialist on the team, and a lack of public information regarding most of the team members. Another concerns for the project includes a lack of an insurance policy in the case of a hack

                                Simex Exchange Additional Information

                                  • Simex Headquater

                                    United States

                                    • Simex Establish date

                                      2015