Fastex Review 2025

Launched in 2022, Fastex has quickly grown to support 39 cryptocurrencies across 77 trading pairs, attracting over 35,000 active users on its Android and iOS apps.

The platform’s two-tier verification system allows Level 1 users to deposit and withdraw crypto and fiat with moderate limits, while Level 2 unlocks higher transaction capacities.

Fastex maintains competitive spot trading fees, ranging from 0.09% to 0.15%, and enforces security measures including 2FA, passkeys, and crypto withdrawal whitelists, ensuring a secure trading environment for all participants.

Fastex Company Overview and Regulatory Details

Founded in 2022, Fastex is a centralized cryptocurrency exchange headquartered in Lithuania.

Fastex is designed to provide secure and compliant trading services while maintaining transparency in its operations. The exchange functions under the Incorporation Country Code of Lithuania, adhering to local and international financial standards.

Beyond its European base, Fastex also operates under the regulatory umbrella of Nexora Services Limited, a company registered in the Republic of Costa Rica as a Virtual Asset Service Provider (VASP) with registration number 4062001342087.

This authorization allows Fastex to offer crypto trading and custody services in compliance with Costa Rican virtual asset regulations.

Fastex emphasizes legal integrity and global compliance, strictly following anti-money laundering (AML) and counter-terrorism financing (CTF) laws.

Its Know Your Customer (KYC) framework ensures thorough identity verification and customer due diligence (CDD), minimizing risks of fraud and financial crimes.

Fastex CEO

Vakhtang Abrahamyan is a highly experienced executive with an extensive background in central banking, governance, and digital transformation.

Currently serving as the CEO of Fastex, Abrahamyan plays a key role in shaping the company’s strategy across Web3, blockchain, NFTs, iGaming, and payment solutions, driving Fastex’s growth in the evolving digital finance ecosystem.

Based on Vakhtang Abrahamyan LinkedIn profile, before leading Fastex, Abrahamyan built a strong career foundation through senior leadership roles in the financial and technology sectors.

He has been the Chairman of the Board at “STAK MONEY TRANSFER” CJSC since October 2020, where he has overseen strategic partnerships and digital innovation initiatives.

Additionally, he held the position of Chairman of the Board at Armenian Card CJSC (ArCa) for eight years (2015–2023), contributing to the modernization of Armenia’s financial infrastructure and digital payment systems.

Fastex Exchange Summary of Specifications

Here are the important specifications of Fastex Exchange:

Pros and Cons

Using the table below, compare the pros and cons of the Fastex exchange:

Fastex User Levels

Fastex uses a two-tier verification system, Level 1 (Basic) and Level 2 (Advanced), to ensure a secure, compliant, and scalable trading experience. Each level defines specific requirements, limits, and access permissions designed to suit different trading needs:

Level 1 - Basic Verification

Level 1 gives users quick access to Fastex’s core trading features with moderate limits. It serves as the foundation for secure participation in both crypto and fiat operations.

Enables:

• Deposit Crypto & Fiat
• Withdrawal Crypto & Fiat
• Spot Trading
• P2P Trading

Requirements:

• Phone Number
• ID Verification
• Liveness Check
• AML (Anti-Money Laundering) Questionnaire

This level is ideal for new users who want to start trading quickly while meeting essential compliance requirements.

Level 2 – Advanced Verification

For higher flexibility and larger transaction volumes, users can upgrade to Level 2. This step unlocks increased deposit and withdrawal limits and is tailored for professional traders or frequent users.

Requirements:

Users must upload a document showing their full name, residential address, date of issuance, and issuer’s name, dated within three months prior to submission.

Accepted documents include:

• Utility bills (electricity, water, gas, sewerage)
• Internet or landline statements (mobile bills not accepted)
• Tax or government authority letters (issued within the past year)
• Certificates of residence from local authorities
• Building management or home insurance statements
• Mortgage, bank, or credit card statements
• Stamped/signed bank reference letters
• University housing agreements or confirmation letters
• Government-issued grants or loans sent to the current address
• National ID or residence cards with address (different from ID used for identity verification)

Fastex Exchange Trading Fees

Fastex maintains a transparent and competitive fee structure designed to suit both casual traders and high-volume investors. The platform charges no deposit fees, ensuring that users can fund their accounts freely without additional costs.

However, withdrawal fees are dynamic and depend on each cryptocurrency’s network transaction cost, which may fluctuate based on blockchain conditions.

Below is the detailed spot trading fee schedule:

Note:

• A Taker order is executed instantly at the market price;
• A Maker order is placed and executed at a set (limit) price;
• Trading commissions may vary depending on ongoing promotions or campaigns.

Fastex Coins

Fastex currently supports 39 cryptocurrencies and offers 77 trading pairs, providing users with a diverse selection of digital assets to trade.

The cryptocurrency exchange covers popular coins like Bitcoin (BTC), Ethereum (ETH), and FTN, alongside a range of emerging tokens across multiple markets. Here is a list of the top coins available on Fastex:

• Bitcoin (BTC)
• Ethereum (ETH)
• Fasttoken (FTN)
• Ripple (XRP)
• BitcoinCash (BCH)
• Litecoin (LTC)
• Solana (SOL)

Fastex Futures and Margin Trading Overview

Fastex does not offer futures or margin trading. The platform focuses entirely on spot trading, allowing users to buy and sell cryptocurrencies directly. All trades are executed instantly, and deposits and withdrawals are processed quickly.

Fastex Registration and Verification Guide

To use the trading services of Fastex, you need to register and verify your account in Fastex. Follow these steps:

#1 Start Registration

On the main page of Fastex, click "Sign Up" in the top right corner.

#2 Fill the Form

Enter your email and choose a strong password. Check the terms and conditions box, then click "Sign Up".

#3 Email Verification

Fastex will send an activation email. Click the link to activate your account.

#4 Start Verification Process

Now that you have access to your account dashboard, from the top right corner, click on your profile, then select "Verification".

#5 Provide Documents

Click "Verify Now" from the right side to start the verification. Simply, you need to provide your personal information and upload documents. You can complete this on your device or choose "Continue on Phone".

How to Trade on Fastex Exchange

After registration and verification, it’s time to start trading on Fastex. To do so, follow these instructions:

#1 Start Trading

On the Fastex homepage, click on "Trade" and then choose “Spot Trading” to begin trading.

#2 Choose a Trading Pair

From the left-hand menu, select your preferred trading pair from the available list.

#3 Pick an Order Type

Choose an order type: limit, market, or stop-limit.

#4 Specify the Amount

Enter the trading volume in the "Amount" section to set how much you want to trade.

#5 Confirm the Trade

Make sure the parameters of the trade are correct. Then click on "Buy" or "Sell" to complete the trade.

Fastex Exchange Platforms and Applications

Fastex Exchange offers dedicated Android and iOS apps, allowing over 35,000 users to trade crypto and fiat currencies anytime, anywhere.

The apps are designed for speed and ease of use, with support for limit, stop-limit, market, and stop-market orders.

You can download the apps using these links:

• Fastex Android App Download
• Fastex iOS App Download

Fastex Trading Volume

According to the Fastex CoinGecko chart, over the past three months, trade volume on Fastex has been declining with peaking near $240 million in late August and reaching a minimum volume of around $132 million on November 21.

Such movements can indicate changing trader behavior, evolving market conditions, or shifts in confidence toward the platform.

Understanding these volume patterns is essential for evaluating Fastex’s current position in the crypto market and assessing potential risks or opportunities for active traders.

Fastex Services

Let’s check out the availability of trading services on Fastex:

How Secure is Fastex Exchange?

Fastex Exchange takes the security of its users seriously, implementing multiple layers of protection to keep funds and accounts safe:

• Two-Factor Authentication (2FA): Every login, withdrawal, password reset, change in security settings, and API management action requires 2FA verification. This ensures that even if your password is compromised, unauthorized access is prevented;
• Passkeys & Security Keys: Users can protect their accounts and withdrawals using Passkeys or physical security keys, adding an extra layer of defense beyond passwords;
• Anti-Phishing Code: Once configured, this code appears in all official Fastex emails. It helps users verify legitimate emails from the platform and prevents phishing attempts;
• Crypto Withdrawal Whitelist: This optional feature ensures that withdrawals can only be sent to pre-approved addresses. Even if someone gains access to your account, they cannot withdraw funds to a new address;
• Password Management: Fastex recommends updating your password at least every three months, reducing the risk of unauthorized access;
• Device Management: Users can manage which devices are authorized to access their accounts, providing control and visibility over account activity.

Fastex Security Rankings

Fastex demonstrates a strong commitment to security, as reflected in its recent evaluations by CertiK Skynet and CER.live.

The platform achieves an overall Fastex CertiK Skynet Score of 75.79/100 (BBB), with particularly high marks in Listing Security (87.95) and Market (85.18), alongside solid performance in Cybersecurity (81.36).

The Fastex CER.live review also gives the platform a 77% (BBB) overall rating, highlighting near-perfect scores in Server Security, User Security, and Penetration Tests.

While the platform excels in technical safeguards, some areas such as ISO 27001 certification, CCSS compliance, and funds insurance remain unaddressed.

Fastex Deposit and Withdrawal Methods

Fastex provides fast and secure ways to buy and withdraw crypto. Users can choose from multiple payment options supported by trusted providers, ensuring smooth and reliable transactions. Availability may vary depending on your region.

Payment Options:

• Credit/Debit Cards
• Digital Wallets
• Alternative Payment Methods (APMs) via Simplex, MoonPay, Fast Shift, and Alchemy Pay

Fastex Exchange Trust Scores

Fastex has earned a solid reputation for security and reliability within the crypto community. The exchange maintains strong performance across major review and analytics platforms, reflecting user trust and operational transparency:

• CoinGecko Trust Score: 6/10

• Fastex Trustpilot: 3.1 out of 5 from 10 reviews

Fastex Features

In this section we’ll check the availability of some popular features on Fastex:

Fastex Bonus

Fastex rewards its users through multiple bonus programs and promotional features designed to boost engagement and earnings. Here’s what you can benefit from:

Referral Program

Invite your friends to join Fastex and earn up to 40% of their trading fees:

• Share your referral link
• Friends join and trade
• You get rewarded

Fastex Affiliate Program

Join the Fastex Affiliate Program and earn generous commissions up to 50% from your referrals’ activity.

1. Submit your application
2. Promote Fastex
3. Get your commission

FastFlip; Play, Predict, and Earn Points

FastFlip is a gamified feature that lets you test your instincts by predicting whether the next 30-second Bitcoin (BTC) candle will go up or down:

• Earn Fastex Points for correct predictions;
• Get 5 free predictions per day;
• Earn streak multipliers for consecutive wins.

Your points accumulate in your account and will soon be exchangeable for exciting rewards and bonuses.

Customer Support in Fastex Exchange

Fastex provides reliable and responsive customer support to ensure a smooth user experience for all traders.

The platform’s support team is available 24/7 to help with account issues, deposits, withdrawals, and general inquiries.

Users can reach the Fastex support team through:

• Live Chat: Instant help directly on the platform;
• Email Support: Get detailed assistance by contacting the team via email;
• Help Center: Access FAQs, guides, and troubleshooting articles anytime.

Fastex Copy Trading and Investment Options

Fastex Exchange doesnot currently offer copy trading, staking, or other investment options.

The platform focuses on core trading features such as spot and derivatives trading, providing a straightforward and secure environment for buying, selling, and managing cryptocurrencies.

Fastex Exchange Restricted Countries List

Fastex does not offer services to the residents of high-risk countries. These high-risk countries include:

• Iran
• Afghanistan
• Albania
• Iraq
• Canada
• North Korea
• USA
• South Africa
• China
• Yemen

Fastex vs Other Exchanges

In the table below, we’ll compare Fastex with other top exchanges:

Conclusion

Fastex’s security credentials are reinforced by a CertiK Skynet Score of 75.79/100 (BBB) and a CER.live rating of 77% (BBB), with perfect scores in user security and penetration tests.

The platform offers multiple ways to earn, including up to 40% commission from referrals, 50% through the affiliate program, and 5 free daily FastFlip predictions.

Operating under Lithuania’s regulatory framework and Nexora Services Limited in Costa Rica (VASP registration 4062001342087), Fastex continues to maintain compliance with AML and CTF standards.