Tidex Exchange ReviewCentralized
Launched in 2017, Tidex has moved its location to many countries including the UK, US, and Russia. Currently, it is headquartered in San Francisco, USA, though it was based in Russia not long ago due to its close ties to the Waves team. The exchange is not regulated, though this is common with many other cryptocurrency exchanges. The exchange’s ties to Waves allows it to offer digitized fiat currencies such as WUSD or WEUR. Users from all over the world can access and trade on the website. The exchange offers trading in no less than 70+ different coins.
Initially, Tidex offered a zero-fee model for traders, but right now it charges a flat trading fee of 0.10%, which is significantly lower than the global industry average of 0.25%. This definitely gives the exchange a competitive edge, however, it should be kept in mind that most competitive cryptocurrencies charge fees averaging around 0.20%-0.10%. Tidex does not allow trading in fiat currencies, though the aforementioned digitized fiat currencies such as WUSD or WEUR. Other than that, fiat-crypto trading is not allowed on the platform. Cryptocurrencies can be deposited into users’ accounts for a fee of 0.0001 BTC. Withdrawals are also charged with 0.001 BTC.
For enhanced security, Tidex operates under the guidelines of Money Services Business (MSB) in the US. However, there isn’t detailed information on the security techniques that they use on their website. Likewise, the website does not feature much information about the team behind the exchange, which shows a lack of transparency on Tidex’s part.
The exchange supports a simply designed website, as well as a mobile app as shown on its homepage. It is claimed that their customer support is available 24/7, and customer comments on online platforms do not show any particular complaints on the customer service. The website’s homepage does not show any language translation options, however once clicked on “Markets”, four different language options appear on the top bar. These languages include English, Russian, Chinese and French.
Tidex Exchange Review, Trading Fees, Deposit and Markets
24h Trading Volume
Tidex Total Trading Pairs
Tidex Margin Trading
Tidex Deposit fees
Tidex Fiat Deposit
Accepted Payment Method
Tidex Native token
Native token smart contract
Tidex Trading Markets
Tidex Stablecoins trading
Daily Withdrawal Limit
Tidex Withdraw fees
BTC – 0.001 BTC
BCH – 0.002 BCH
ETH – 0.03 ETH
Full list of fees can be found here
Tidex Withdraw fees discount
Proof of Reserves
Tidex Exchange Rating Analysis
Last edit 19.07.2019
Tidex is owned and operated by the Elite Way Development LLP, a self-proclaimed Fintech company. They claim to be based in the UK, however upon closer inspection they appear to have close ties with the team behind the WAVES cryptocurrency and platform, which is from Russian origin. They have also stated their legal status as being shifted to the Cayman Islands – it appears as if the geographic and regulatory situation of Tidex is very much unclear at the moment, and we don’t believe it will ever be clearer. Also, the team responsible for the exchange stays anonymous ad provides no personal details anywhere online, and according to their blog, they are systematically delisting coins from the platform.
The Tidex website looks well-developed together with the mobile interface, but the support center doesn’t seem to work. Users are supposed to contact the exchange via tickets, however we did not receive any response after significant amounts of wait.
Performance is mediocre, with competitive fees of 0.1%, OK volumes and 93 coins to trade with 4 active markets in the offering. They also offer the TDX token, which gives reduced trading fees for its holders. Tidex has never been hacked before, but they also don’t have any insurance in case that happens.
The withdrawal process protected by two layers of security, an email approving the action and 2-factor authentication, provided you enable it.
Overall, Tidex seems rather poor in most metrics, and while it does allow trading in very “exotic” coins not easily found in other places, we cannot recommend it due to their complete lack of transparency and radio silence when it comes to supporting users.
Tidex Exchange Additional Information
Tidex Establish date