RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

Tidex

Tidex Exchange Review

Centralized
  • 24h Trading Volume

    677.966 BTC
  • Establish date

    2017
  • Headquater

    United Kingdom

Tidex Exchange Review

  • Tidex Withdraw

    BTC – 0.001 BTC

    BCH – 0.002 BCH

    ETH – 0.03 ETH

    Full list of fees can be found here

  • Tidex Deposit fees

    Free
  • Accepted Payment Method

    Crypto to Crypto, Crypto to FIAT
  • Native Token

    Yes
  • Margin Trading

    No

Tidex Exchange Score Analysis

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.