Catex offers access to 37 crypto trading pairs with a 0.1% fee. Trading pairs are available in 3 markets: USDT, BTC, and ETH. While the minimum deposit is $5, the minimum required amount to participate in FREE, VOZ, and XDN faucets is $10.
Catex; An Introduction to the Exchange
Catex, short for "Cat Exchange", is a centralized cryptocurrency trading platform founded in 2018.
Catex's focus on community-driven development and its unique transaction mining model sets it apart. The platform's native token, CATT, plays a central role in its ecosystem, offering various benefits to holders.
Catex Exchange Specific Features
The platform has a track record of more than 5 years. Let’s see if it has what it takes to be among the crypto exchanges.
Exchange | Catex |
Launch Date | 2018 |
Levels | 11 Levels |
Trading Fees | 0.1% |
Restricted Countries | The United States of America, China, Singapore, Canada, France, Germany, Malaysia, Malta, Cuba, Iran, North Korea, Sudan, Syria, Crimea Region, Spain, Luhansk, Donetsk, Netherlands, Bolivia, UK, Myanmar, Venezuela, Uzbekistan, Austria |
Supported Coins | 24 |
Futures Trading | No |
Minimum Deposit | $5 |
Deposit Methods | Crypto |
Withdrawal Methods | Crypto |
Maximum Leverage | 1:1 |
Minimum Trade Size | N/A |
Security Factors | Cold Storage, Firewalls, Professional Penetration Test |
Services | Crypto Faucet, Staking, Spot Market |
Customer Support Ways | Ticket, Telegram Group |
Customer Support Hours | N/A |
Fiat Deposit | No |
Affiliate Program | Yes |
Orders Execution | Market |
Native Token | CATT |
Catex Pros & Cons
The platform offers various passive income opportunities. However, the lack of advanced services like futures trading is a letdown in this Catex review.
Pros | Cons |
Fee discounts for CATT token holders | No support for fiat deposits |
Daily dividends for CATT token holders | No mobile trading |
Referral program | No live chat support |
Solid security measures (2FA, cold storage, penetration test) | Mixed user reviews |
Does Catex Offer User Levels?
The exchange offers a tiered user level system based on CATT token holdings, offering withdrawal fee reductions.
User Level | CATT Holdings | Withdrawal Fee Reduction |
Tier 0 | 0 | 0% |
Tier 1 | 10K | 10% |
Tier 2 | 100K | 20% |
Tier 3 | 300K | 30% |
Tier 4 | 500K | 40% |
Tier 5 | 1M | 50% |
Tier 6 | 2.5M | 60% |
Tier 7 | 5M | 70% |
Tier 8 | 7.5M | 80% |
Tier 9 | 10M | 90% |
Tier 10 | 20M | 100% |
Catex Exchange Trading & Non-Trading Costs
While the trading fees are a flat 0.1% for all trading pairs, withdrawal commissions differ based on the crypto asset.
Withdrawal fees of some popular digital assets:
Coin | Min Withdrawable Amount | Withdraw Commission |
XLM | 1 XLM | 0.01 XLM |
BTC | 0.001 BTC | 0.0005 BTC |
MAYA | 5,000 MAYA | 1,500 MAYA |
ETH | 0.02 ETH | 0.008 ETH |
CATT | 50,000 CATT | 12,000 CATT |
TRX | 3 TRX | 2 TRX |
USDT | 8 USDT | 5 USDT |
Available Cryptocurrencies on Catex
The exchange supports 24 cryptocurrencies and 37 trading pairs in USDT, BTC, and ETH markets. Some of the available digital assets on Cat.Ex:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- TRON (TRX)
- Dogecoin (DOGE)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
Margin and Futures Trading
Catex does not offer margin or futures trading. The platform primarily focuses on spot trading with a 1:1 leverage option. While this may limit options for advanced traders seeking leveraged positions, it also reduces the risk profile for the average user.
Catex Exchange Registration and Verification
Registering on the platform is straightforward and requires less stringent KYC procedures.
- Visit the exchange’s official website;
- Click “Register”;
- Fill out the registration form;
- Verify your email address;
- Provide proof of ID (passport or driving license).
App and Platforms
The lack of a dedicated mobile application is one of the biggest disappointments in this Catex review. The platform primarily operates through its web-based platform, optimized for desktop and mobile browsers.
Security and Safety
The exchange takes several measures, from cold wallets to penetration tests, to ensure the security of user funds and data.
- Cold Storage: storing the majority of user funds in offline, secure vaults
- Two-Factor Authentication (2FA): Adding an additional layer of security to clients’ accounts
- Penetration Test: Regular authorized cyberattacks to evaluate the system’s security
Catex Payment Methods
Unfortunately, the platform doesn’t support fiat transactions, and cryptocurrency is the only option for funding Catex accounts and withdrawing from them.
It’s important to note that some cryptocurrencies might be available only for deposits or withdrawals. For example, while you may deposit XRP, you can’t withdraw it. Some of the available digital assets for payment on Catex:
Cryptocurrency | Deposit | Withdrawal |
EOS | Yes | Yes |
LTC | Yes | No |
IOST | No | Yes |
DOGE | Yes | Yes |
MAPR | No | Yes |
MATIC | Yes | Yes |
ETC | No | Yes |
Catex Exchange User Experience
The platform has a weak standing between users and market experts. CoinGecko analysts have rated the exchange 4/10. There are also 13 Catex reviews on TrustPilot, which earned an average score.
Catex TrustPilot profile has a score of 2.5 out of 5. While 46% of user reviews are negative (1-star), 54% have given positive feedback.
How to Reach Customer Support?
The lack of appropriate support channels is among the top disappointments in this Catex review. The exchange offers a ticket system and a Telegram group for traders needing assistance. The platform claims that it replies to clients’ emails within 24 hours.
Does Catex Provide Investment Plans or Copy Trading Services?
While the exchange doesn’t offer a copy trading feature, it has developed multiple investment options and growth plans. Catex enables users to stake digital assets and participate in crypto faucets.
- Staking: Invest in other staking plans or create your plan and pay the participants;
- Faucet: 3 faucets for earning FREE, VOZ, and XDN by solving simple puzzles.
To be eligible for crypto faucets, you must deposit more than $10 worth of BTC, ETH, TRX, or USDT and maintain a balance of $10 or more.
Catex Exchange Geo-Restrictions
The platform operates globally, but there are some restrictions on who can use the services. Prohibited countries on Cat.Ex:
- United States of America
- China
- Singapore
- Canada
- France
- Germany
- Malaysia
- Malta
- Cuba
- Iran
- North Korea
- Sudan
- Syria
- Crimea Region
- Spain
- Luhansk
- Donetsk
- Netherlands
- Bolivia
- United Kingdom
- Myanmar
- Venezuela
- Uzbekistan
- Austria
Writer's Opinion and Conclusion
Catex supports 24 cryptocurrencies for trading with a 1:1 leverage option. It doesn’t accept fiat payments and offers a Telegram group as the support channel for urgent inquiries. The exchange has a score of 2.5 out of 5 on TrustPilot.