Tidex cryptocurrency exchange was founded in 2017 as an easy-to-use trading platform for traders of all levels. The platform’s easy-to-use interface is built to allow beginners and experienced traders to have access to world-class and advanced cryptocurrency services. Tidex crypto exchange is based in London. It is operated and owned by Elite Way Development LLP, an England-based Fintech company. The platform provides traders with an opportunity to buy and sell cryptocurrency tokens and assets on the exchange.
The platform is supported worldwide, and there are no countries listed on the site as countries where its services are restricted. However, some countries have specific rules about cryptocurrency trading and activities, so it is advisable to check your country’s rules and regulations before you proceed. In terms of Know-Your-Customer (KYC) verifications, the process on the Tidex crypto exchange is quite easy, compared to other exchanges. Users only need to complete their verification by confirming their email addresses and phone numbers. Gaining access to advanced services would require an additional level of verification which may include government-issued identity cards.
Markets
Tidex cryptocurrency exchange supports crypto-to-crypto markets and there are over 120 Tidex trading pairs available. As of writing this, the platform supports three markets – BTC, USDT, and USDN markets. Supported cryptocurrencies include the major ones like BTC, ETH, WAVES, USDT, ADA, DOGE, and more.
The Tidex spot and margin trading features give traders options to choose from before trading. Traders on the platform have full access to market orders, supporting limits, and margin trading, along with a transparent and straightforward fee structure. There is a flat Tidex exchange fee of 0.2% for market takers while there are no fees charged for the market makers. As of writing, the platform does not support fiat money deposits, but the supported currency or official fiat currency of the platform is the US dollar. As such, Tidex crypto fees are quoted in dollars.
Deposits can be made via crypto only. Usually, no fees are charged for these deposits, however, there is a Tidex crypto price of 0.0001187 BTC on BTC withdrawals and 0.0026 ETH on Ethereum withdrawals. It is also worth noting that there are withdrawal limits on new accounts, basic accounts, and enhanced accounts. For new accounts, the withdrawal limit is $0. This is done as a measure to prevent money laundering or other negative activities from new accounts. Basic accounts have a withdrawal limit of $500, or its equivalent per day in crypto, while enhanced accounts can withdraw $100,000, or its equivalent per day. Access to enhanced accounts requires strong identity verification and a two-factor authentication process.
The TDX token is the native utility token of the platform. TDX is based on the Waves blockchain. TDX holders can enjoy discounted fees. These discounts can reach up to 90% for those who have at least 100,000 TDX in their wallets. There is a maximum supply of 150 million TDX tokens out of which a certain percentage is reserved for airdrops that are carried out frequently on the platform.
Other Services
Apart from trading, the platform gives its users the opportunity to make money passively from staking and referral programs.
For staking, the minimum amount of tokens that can be staked is 500 TDX for a minimum period of 24 hours. Those who hold 500 TDX and above can receive up to 5% profit annually. More than that, Tidex crypto exchange users may hold 100 or more WAVES tokens and earn at least 5% a year on their holdings. The platform can be used to stake both TDX and WAVES tokens. Additionally, users can stake a minimum of 100 USDT and earn up to 12% in profits yearly.
Also, the platform offers an enticing rewards program for referrals. Any registered and verified users can get a personal referral link leading to the exchange signup page. Users can share these links with their friends and get rewards for each new active trader who got to the exchange via the referral link. As a reward, the user receives 25-30% of commissions paid by her/his referrals (people who used the link to sign up on Tidex) on the platform.
Tidex cryptocurrency exchange also offers a wear-to-earn feature for NFTs on the platform. With this feature, users can purchase NFT t-shirts using the TDX token. The Wear2Earn project consists of 10,000 NFT T-shirts, and each t-shirt gives its holders the opportunity to mine popular tokens on the platform. This project will also be useful in the Tidex Metaverse that will be launched in the future. Finally, when you buy a Tidex NFT, you have the option to order a physical t-shirt with your NFT design printed on it. There will be a choice of 10 designs and these T-shirts can be delivered to you anywhere in the world.
About the Company
Founded in 2017, the London-based exchange is owned and operated by Elite Way Development LLP, a Fintech company headquartered in England. The founder of the exchange is Alexander Ivanov – the creator and general director of the Waves Platform. He was born in Ukraine. Alexander graduated from the Faculty of Theoretical Physics of Moscow State University and then pursued postgraduate studies at Leipzig University. He was engaged in the development of software for electronic payment systems and neural networks for forecasting financial markets.
After the appearance of blockchain technology, he launched one of the first instant exchanges of cryptocurrencies, Coinomat.com. In April 2016, he founded the Waves Platform, the blockchain platform for the issuance and sale of digital assets.
As of December 2022, the Tidex trade volume ranges around $800 million, or an equivalent of over 50 thousand BTC over a 24-hour period. Though you can see the current Tidex volume above.
