Founded in 2018, CITEX Global is a controlled exchange. Although it has its headquarters in South Korea, the British Virgin Islands are where it is registered. Its major objective is to establish a top cryptocurrency exchange and a platform token economic ecosystem as the premier trading platform for digital assets worldwide. The company’s officials assert that since it is their goal to be open, transparent, equitable, and cooperative, they carefully adhere to industry regulations.
The platform is offered in four languages: English, Vietnamese, Korean, and two varieties of Chinese. The list of languages indicates that the platform predominantly serves Asian consumers, even though CITEX also has operation centers in South America, Africa, and Europe in addition to Hong Kong, South Korea, and Japan. A worldwide user community matrix created by CITEX includes communities from roughly 20 different areas. The list of nations whose people are not permitted on the site, which includes more than 35 nations worldwide, is fairly extensive. You may download the platform’s app from its official website. Only a test version of the iOS application is accessible.
CITEX trading peculiarity
CITEX allows more than 80 coins and 200 trading pairings, which is a peculiarity. If a token no longer satisfies the exchange’s standards, it may be removed from the list.
Financial support for the CITEX exchange
The exchange proudly lists the institutional investors that support the platform on its website. The investor collective includes both larger and smaller investors.
Fairly many trading pairs
This trading platform offers a respectable selection of trading pairs that are paired with BTC, ETH, and USDT. Additionally, there are two trading pairings (BTC/KRW and ETH/KRW) that provide access to the other trading pairs versus the KRW.
Mobile assistance
For those who prefer to trade on their cellphones, CITEX also provides a very helpful app. The trading view in mobile mode is seen in the image below:
Trading view on CITEX
Trading ideologies differ between exchanges. There is no “this overview is the best” viewpoint. You must determine which trading perspective is best for you. All of the displays typically show the order book, or at least a piece of it, a price chart for the selected cryptocurrency, and order history. They also frequently buy and sell crates.
CITEX charges
The charges made on the CITEX exchange are:
CITEX trading fees
Naturally, trading fees are quite significant. The exchange assesses a trading cost each time you make an order. The trading charge often represents a portion of the trade order’s value. They do not distinguish between takers and manufacturers in this transaction. The transaction charge is the same for all parties: 0.20% of the order amount. An acceptable trade commission is 0.20%. Although the industry standard has long been 0.25%, it is presently seeing a move towards lower rates. Nowadays, many exchanges impose a fee of, say, 0.10% or 0.15%. In any case, the 0.20% commission shouldn’t be a reason not to register an account with this exchange.
CITEX withdrawal fees
When you withdraw BTC, CITEX assesses a withdrawal fee of 0.0005 BTC. The industry average, which is probably about 0.0008 BTC for every BTC withdrawal, is around 40% lower than this. Overall, Citex’s fees are a little lower than the median for the world’s industries.
Deposit techniques
While credit cards are not a supported deposit option, CITEX does accept wire transfers. In light of this, if you must make deposits using a credit card for whatever reason, this exchange is not for you. However, in such a situation, you may merely utilize the Exchange Finder to locate another exchange that is appropriate for you. Additionally, wire transfers are only possible if you deposit a South Korean won (KRW).
