Eqonex Crypto Exchange Review: It Is Good Or Bad?

About Eqonex Crypto Exchange

Launched on May 26th, 2020, Eqonex Crypto Exchange is a centralized crypto exchange based in Singapore. The parent company, Diginex, is the first company listed on Nasdaq with a crypto exchange (Nasdaq: EQOS).

EQONEX operates out of Singapore under a temporary exemption from the Monetary Authority of Singapore pending its application for a license under the Money Services Act.

Eqonex Crypto Exchange first native token EQO, went live on April 8th, 2021. Holders of EQO receive numerous unique benefits, including reduced trading fees, access to future airdrops, staking rewards, collateral against derivatives transactions, and enhanced interest for crypto lending.

Eqonex Crypto Exchange Basic Points

How To Start ?

How To Sign Up At Eqonex Crypto Exchange?

It Is Very Easy To Sign Up At Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At Eqonex Crypto Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At Eqonex Exchange ?

Withdrawing your funds from Swipe is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

EQONEX Trading fees

Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Normally, exchanges distinguishes between takers and makers. Takers are the one who “take” an existing order from the order book. Makers are the ones who add orders to the order book, thereby making liquidity at the platform.

At EQONEX, the standard trading fees for takers are 0.09%, and for makers 0.08%. Both 0.09% in taker fees and 0.08% in maker fees are substantially below the global industry averages for centralized exchanges. Industry averages have historically been around 0.20-0.25% but we now see new industry averages emerging around 0.10%-0.15%. 

EQONEX Withdrawal fees

Withdrawal fees are usually fixed and vary from crypto-to-crypto. If you withdraw BTC, you pay a small amount of BTC for the withdrawal. If you withdraw ETH, you pay ETH. The last time we did an empirical study of the BTC-withdrawal fees in the crypto exchange market, we found that the average BTC-withdrawal fee was 0.00053 BTC per BTC-withdrawal.

The platform charges a withdrawal fee amounting to 0.0004 BTC when you withdraw BTC. This fee is accordingly slightly below the industry average, thus being quite competitive.

Deposit Methods

In addition to depositing cryptocurrency to the platform, Eqonex Crypto Exchange also lets you deposit fiat currency. However, only through wire transfer (not credit or debit card).

Seeing as fiat currency deposits are possible at this trading platform, this platform qualifies as an “entry-level exchange”, making it an exchange where new crypto investors can start their journey into the exciting crypto world.

Why Choose Eqonex Crypto Exchange

Innovation

Through the unique and diverse skills of our leadership team, EQONEX is bringing a new look to the industry by adapting features from traditional finance to the innovative and fast-paced crypto markets. They offer full USD-USDC fungibility, and will soon offer cross-collateralization and portfolio margining.

Trust

The Eqonex Crypto Exchange team works closely with regulators from the world’s largest financial markets. We are built with a focus on regulatory compliance, operating from Singapore with an exemption granted under the Payment Services Act provided by the Monetary Authority of Singapore.

Transparency

They are committed to fostering transparency and equality by increasing industry accountability. They do not market make on our own exchange and all reported volumes are the result of real trades.

Trade Clean

Transact on an exchange with only external market makers and strict AML policies

Trade Safe

Constant market surveillance and market integrity checks ensure a safe trading environment for everyone

Trade Smart

Eqonex Crypto Exchange Experience trading tools and products not available anywhere else.