Emirex is a cryptocurrency exchange from the United Arab Emirates, but it’s registered in Estonia. It has been active since 2019.
- Fiscal services, offering a virtual currency wallet service.
- Fiscal services, offering services of trading a virtual currency against a fiduciary currency.
Middle East region’s demand for cryptocurrencies
Emirex is only one of the numerous exchanges from the Middle East region. According to a visual from their website, the demand for cryptocurrencies in the region is divided among the countries as follows (the bigger the circle, the bigger the demand).
Emirex advantages
The Emirex platform promotes three effects in particular as reasons why you should trade there and not anywhere differently. First, they state that they have the”most advanced security norms”. It’s not possible to approve which exchange out of the 700 listed on the Exchange List has the absolute most advanced security norms, but 99 percent of assets in a cold storehouse is a good launch. Eventually, they emphasize that the trades are “lightning-fast”. Security, ease of use, and speed are of course three effects very important with any cryptocurrency trading platform.
Emiswap
Emiswap is supposedly the first community-governed decentralized exchange with non-fungible token mechanics.
Emirex trading view
Every trading platform has a trading view. The trading view is the part of the exchange’s website where you can see the price map of a certain cryptocurrency and its current price. There are typically also buy and sell boxes, where you can place orders for the applicable crypto, and, on most platforms, you’ll also be suitable to see the order history(i.e, former transactions involving the applicable crypto). There are of course also variations.
Emirex freights
Emirex trading freights
Every time you place an order, the exchange charges you a trading figure. The trading figure is typically a % of the value of the trade order. Numerous exchanges divide between takers and makers. Takers are the ones who “take” a current order from the order book. Orders are added to the order book by makers, who consequently increase platform liquidity. Emirex charges what we call flat freights, meaning that both the takers and the makers pay the same figure when it comes to finding trading 0.10 percent. This spot trading taker freights are a bit below the global industry average for centralized exchanges. Industry averages have historically been around 0.20-0.25 percent but we now see them rising to around 0.10-0.15 percent. According to Cryptowisser.com’s rearmost empirical study, the industry average spot trading taker freights were 0.217 percent, and the corresponding spot trading maker freights were 0.164 percent.
Emirex withdrawal freights
Emirex charges a withdrawal figure of 0.001 BTC per BTC withdrawal. This figure is mainly above the global industry normal. The current global industry normal is 0.000643 BTC per BTC withdrawal according to this report, so Emirex’s BTC withdrawal figure is further than 50 percent above that.,0.001 BTC corresponded to USD 47.50, which is a very high figure in this environment. Hopefully, for the exchange’s own sake they will reduce these withdrawal freights within the near future.
Deposit styles
Emirex lets you deposit assets to the exchange in numerous ways, through line transfer, debit card, and also by just depositing using cryptocurrency means. Seeing as fiduciary currency deposits are possible at this trading platform, Emirex qualifies as an “entry-position exchange”, meaning an exchange where new crypto investors can start their trip into the instigative crypto world.
Take away
The EMIREX Group has put together an amazing platform and operations that will increase investment exertion in the Middle East, connecting African, Asian and European markets.
Help the sustainability of the region’s development and positive impact on the community.
