STEX Exchange ReviewCentralized
Stex, an abbreviation for Smart Token Exchange, claims to be one of the most innovative cryptocurrency exchange platforms out there. Stex is currently registered in Estonia, one of the very few countries to have a regulation on licensing cryptocurrency exchanges, along with Malta and Gibraltar. The platform is run by Etna Development, an Estonian private company that works under Estonian and EU regulations. The exchange prides itself on its secure platform, speed and stability through time. It focuses on both Initial Coin Offerings (ICO) and alt-coin trading. Stex implements several unique high-frequency trading algorithms used in traditional stock exchanges like those in London and New York in order to generate high liquidity and speed. The platform is supported by a significant number of sponsors, such as Visa and Mastercard.
The platform does not charge different fees between takers and makers and has a flat fee ranging from 0.20% to 0.05%, a range that is well below the global industry average of 0.25%, giving the platform a significant advantage over other exchanges. Stex does not accept fiat deposits, hence bank transfers and credit card deposits will not be accepted on this platform. This makes it not practical for new cryptocurrency investors to trade on Stex, as they will need to utilize another entry-level platform in order to trade fiat into crypto, which would then allow them to trade on Stex.
Over 300.000 users are on Stex, which is most definitely an impressive number. The exchange is transparent when it comes to the team behind, as information can be easily found online. The man behind Stex, Nicholas Price, is a Russian businessman who describes the platform as “the first exchange for grown-up people”, meaning that the platform is built in a way to deliver “a sufficient grade of service”. The service is easy and free to register, only a valid email is required. This makes the platform convenient to use. The interface is also very easy to navigate, as it also boasts a “simplified mode” at the bar at the top of the website.
STEX Exchange Review, Trading Fees, Deposit and Markets
24h Trading Volume
STEX Total Trading Pairs
STEX Margin Trading
STEX Deposit fees
STEX Fiat Deposit
Accepted Payment Method
STEX Native token
Native token smart contract
STEX Trading Markets
STEX Stablecoins trading
Daily Withdrawal Limit
STEX Withdraw fees
Full list of fees here.
STEX Withdraw fees discount
Proof of Reserves
STEX Exchange Rating Analysis
Last edit 17.07.2019
STEX exchange, based in Estonia, presents a developed and nice-looking website. STEX’s support managed to reply to our support emails within the hour.
The team behind the exchange is anonymous except for the CEO, Vadym Kurylovych. There are currently 265 coins and 5 active markets to trade. Standard fees stand for 0.2%, however for users KYC-verified with Cryptonomica, the discounted fee is only 0.05%, which makes it really competitive – although we don’t believe many go through the verification process.
STEX has significant trading volumes and also supports fiat deposits in 4 different currencies (USD, EUR, JPY, RUB). On withdrawals, the security layers in use are 2 factor authentication and an email confirmation.
In short, STEX is a competitive exchange that offers reasonable conditions for traders.
STEX IEO launchpad
|Stage||Start date||End date||Fundraising|
|May 15, 2019||-||May 20, 2019||$1.5M|
STEX Exchange Additional Information