Cryptonex Crypto Exchange Review: It Is Good Or Bad?

About Cryptonex Crypto Exchange

Founded in 2017 and registered in the UK, Cryptonex Crypto Exchange comprises a cryptocurrency exchange, p2p platform, multi-currency wallet, card and invoice services. The mission is to provide easy entrance into crypto world with a full range of services necessary for crypto market to popularize it. They develops and implements technologies with its own team of programmers. The core of the team comes from IFG software company, which specializes in software development for financial markets.

Cryptocurrency is stored in the cold wallets offline. Hot wallets contain only a small part of cryptocurrency funds in the amount of average daily withdrawal volume which is stored online. It is possible to exchange cryptocurrency for EUR, USD, GBP, BRL, and RUB fiat pairs. It is possible to make a deposit via Bank transfer, Visa, MasterCard and other payment systems.

When working with Fiat KYC is mandatory on the side of partners. The exchange fee is 0.1%. VIP conditions are provided with 0.01% fee. Cryptonex technologies can be used via the website or mobile application which is available in the App Store and Google Play. Cryptonex provides its technologies to other market participants, providing configuration and maintenance of the developed software.

Cryptonex Exchange Basic Points

How To Start ?

Cryptonex Trading fees

Cryptonex Crypto Exchange UK-crypto exchange has a flat fee and its amount is 0.10%. 0.10% is substantially below the global industry average. Particularly so for the fiat-to-crypto (CNX to GBP, EUR, USD, RUB or BRL) trading pairs. These are usually priced much higher. The trading fees at this exchange are thus a competitive advantage for this exchange.

Cryptonex Withdrawal fees

This trading platform charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This is in line with industry average, but there are also many exchanges out there offering lower withdrawal fees.

Deposit Methods

Cryptonex Crypto Exchange does not accept any deposits of fiat currency. This means that new cryptocurrency investors (i.e., investors without any previous holdings of cryptocurrencies) can’t trade here. In order to purchase your first Cryptonex Coin, Bitcoin or Ethereum, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency.

Easy entrance into crypto world

• Buy Bitcoin, Ethereum, Cryptonex – Quick online purchase using a bank card
• Create BTC, ETH, CNX wallet – Use the service of instant cryptocurrency exchange
• Cryptonex cloud mining – Discover CNX cloud mining with 1% bonus and 11% profit annually, regardless of growth rate.

CNX Cloud Mining

Cryptonex users can make profit with the help of cloud mining. The profit is 12.11% annually, 1% of it is a bonus to the deposit amount and 11% annually is a profit from P-o-S mining. The profit does not include increase in CNX value.

To receive a reward from cloud mining, you need to register and buy CNX in “CNX exchange” section; a deposit to cloud mining will be made automatically.

• The deposit is made for 1 year.
• You will get a 1% bonus to the deposit amount.
• Cloud mining deposit brings income starting from the first day.
• You can freely use the mined coins.

P2P Exchange

P2P is a cryptocurrency purchase and sale service between people, in which Cryptonex is a transaction guarantor.

• In your time: the transaction time is set by the initiator. Transactions are carried out in real time.
• On your terms: in real time you agree on the payment terms, the amount received, any additional guarantees.
• On your territory: if the transaction is offline, you choose a place for it.
• Without limits: the service does not limit transactions number and amount.
• Transactions with guarantee: cryptocurrency for sale is blocked by the service, until the recipient gets the funds from the buyer.

Multi-currency wallet

Store your funds safely in multiple currencies: Cryptonex Crypto Exchange, Bitcoin, Ethereum, Ontology, Brazilian Real, Euro, British Pound, Russian Ruble, US Dollar.

The supported currencies are being added.

You can top up your wallet balance using a QR-code or by a direct deposit to the wallet address.

You can exchange all the supported currencies in the wallet.

The service of BTC and ETH purchase using bank cards is available anywhere in the world.

Invoice service

Cryptonex Crypto Exchange has developed a solution for business – invoicing counterparties in cryptocurrency indicating the payment purpose.

The invoice is issued in any supported cryptocurrency. You can specify the invoice expiration date.

The issued invoice will get to the counterparty’s backoffice for payment.

In the Invoices section, you can always check the invoices status and their payment.

The service has been developed as part of the “Merchant” service preparation from Cryptonex, which will allow connecting online stores and retail companies for payments in cryptocurrency.