ICRYPEX Review 2025

ICRYPEX enables spot and futures trading with fees ranging from 0.08% to 0.2% for maker and 0.1% to 0.25% for taker orders. This Turkish exchange, with a daily trading volume of over $100M, provides access to 270+ coins/tokens from 11 asset categories.

ICRYPEX Company Information and Regulation

ICRYPEX is a cryptocurrency and digital asset platform that has been making waves in the crypto world since its founding in 2018 by Gokalp Icer.

Operating under the legal name Icrypex S.A. de C.V., the exchange is headquartered in Sariyer, Istanbul, Turkey, but has a global reach that extends to over 150 countries.

Key Points About ICRYPEX:

• Founded in 2018 by Gokalp Icer
• Headquartered in Sariyer, Istanbul, Turkey
• Under the legal name Icrypex S.A. de C.V.
• Holds licenses in Europe and North America
• Daily trading volume exceeding $100M

ICRYPEX has listed four licenses, each with related details, on its website:

• Lithuania: State Enterprise Centre of Registers, under the number 306420170
• Poland: Katowice Tax Administration Chamber, under the number 0001021369
• Bulgaria: Registry Office of the Ministry of Justice, under the number 207153545
• El Salvador: Banco Central de Reserva (BCR), under the number 6748a53de8a00a3181b90cld

The platform claims that all its processes are “controlled and monitored 24 hours a day”.

ICRYPEX Exchange Summary of Key Features

Let's take a closer look at some of the crypto exchange’s key offerings:

Benefits and Drawbacks

The company has certain pros and cons, like any other platform. ICRYPEX Advantages and Disadvantages:

User Levels Structure

ICRYPEX has implemented a tiered system for trading fees, comprising six levels. We will review them in the table below:

ICRYPEX Commissions and Costs

This exchange offers a competitive fee structure with discounts for higher volume traders. Here's a breakdown of the trading fees:

The exchange has set a 0.35% fee for API trading on both maker and taker orders.

The platform does not charge any deposit costs, and the withdrawal commission varies depending on the selected blockchain.

Available Digital Assets for Trading

ICRYPEX boasts a relatively wide selection of over 270 cryptocurrencies from various categories, including DeFi, Gaming, and Layer 2, among others. Tradable Coins/Tokens:

• Fan Token: GOZ, GAL, PSG, and TRA
• Layer 1: SOL, XRP, ALGO, and more
• Layer 2: ALT, ARB, ATOM, CELR, and IMX
• Coin: BTC, DOT, BCH, ATOM, and so on
• DeFi: SHIB, SNX, RPL, STORJ, and more
• Metaverse: TLM, TRIVIA, ALICE, APE, AXIS, etc.
• NFT: RACA, BAKE, BLUR, and more
• Web3: ANKR, WLD, ZRX, etc.
• Stablecoin: USDT, USDC, XAUT, and more
• RWA: MKR, QNT, AVAX, VET, and so on
• Meme: DOGE, TRUMP, GOAT, etc.

Futures/Margin Trading on ICRYPEX

ICRYPEX exchange offers a futures trading market consisting of over 15 digital assets for trading cryptocurrencies with leverage. Key Details:

• ETH, BTC, and USDT used as collateral assets
• Trades executed with the same fee as in spot trading
• Up to 50x leverage available for futures trading

Detailed Guide on How to Sign Up and Verify

To start trading on ICRYPEX, you must go through a 4-phase process to register and verify your identity on the platform. Each stage is explained in the following sections.

#1 Go to the Website

Go to the exchange’s official URL and click the "Register" button in the top right corner. This will lead you to the registration form.

#2 Fill Out the Form

Enter these details in the form:

• Name
• Date of Birth
• Email Address
• Country of Residence
• Phone Number

Next, create a secure password containing at least one uppercase, one lowercase, one number and one special character.

Then, read these documents mentioned under the form and agree with them:

• Usage Agreement
• Site Terms of Use
• Disclosure Text for Personal Data
• Open Consent Text for Personal Data

#3 Verify Your Email Address

In the next step, click on “Get Code” to receive the confirmation code in your email inbox. Check your spam folder if you were unsuccessful in finding the code.

This will enable you to use two-factor authentication (2FA) for your account. Now, your account is created on the exchange.

#4 Verify Your Identity

You can finalize creating an account and verify on the platform by providing identity document and submitting a liveliness check.

Trading Platform

ICRYPEX provides a user-friendly trading experience through its proprietary trading platform, accessible as a web-based application directly on the exchange’s official domain.

Based on our research, the company hasn’t provided any links to any mobile applications on its website.

ICRYPEX Exchange Safety and Security: Is It Secure Enough?

The mentioned platform places a strong emphasis on security, implementing various measures to protect user funds and data. Here's an overview of the platform's security features:

• Two-Factor Authentication (2FA): Standard security feature for enhanced account protection
• 24/7 Monitoring: Continuous surveillance of technical operations, user transactions, and blockchain reactions
• Cold Storage: Multi-layered cold storage service for secure crypto asset storage
• Off-System Secure Transaction Automation: Minimizes connection risks and improves transaction security
• Detailed Transaction Monitoring: Tracks and records account logins and transactions for user review
• Advanced Security Systems: Latest software and security methods, regularly audited by independent international companies

According to our team's investigations, there have been no reports of hacks or scams related to the discussed exchange.

While no system is 100% foolproof, ICRYPEX's comprehensive security measures demonstrate a strong commitment to protecting user assets and data.

Available Payment Methods

ICRYPEX supports a wide range of over 10 payment methods, accepting both digital assets and fiat currencies. Here's a list of the available options:

• Credit/Debit Cards
• SEPA (Single Euro Payments Area)
• Bank transfers
• Interac e-Transfer
• PayID/Osko
• Faster Payments
• IDEAL
• DLocal PIX
• DLocal
• Apple Pay
• Google Pay
• Cryptocurrency transactions

The processing time of the payment varies depending on the selected payment method or blockchain network.

Trust Scores

When considering an exchange, it's important to look at trust scores from various sources. Here are ICRYPEX's current reviews and evaluation ratings:

• Trustpilot: 3/5 (based on 5 reviews)
• ICRYPEX ScamAdviser: 86/100 Trustscore
• CoinGecko: 6/10

Essential to note that, because of the number of reviews being too low, the score on “Trustpilot” cannot be taken into account. Based on the ratings from other sources, the exchange appears to be reliable and safe.

ICRYPEX Features

Here are the additional features and products offered by the exchange:

ICRYPEX Support Services

The company offers customer support via 4 contact channels. Support options include:

• Email Support: info@icrypex.com
• Ticket System: On the “Contact” page of the exchange’s website
• Live Chat: Via the exchange’s site
• Phone Support: +44 208 068 44 80

The platform has explicitly stated on its official website that customer support is available 24/7, meaning you can contact them every single day of the year at any desired time.

Copy Trading and Passive Income Options On ICRYPEX

This exchange offers 2 main options for users looking to generate passive income:

• Staking
• Liquidity Yield Sharing

No copy trading service is available via ICRYPEX.

Staking

One of them is a staking service, allowing users to stake their cryptocurrencies to earn rewards. The feature is available on 19 digital assets, including:

• BTC
• USDT
• AVAX
• ATOM
• APE
• ETH
• ICPX
• And more

There are various lockup periods, from 7 days up to a maximum of 180 days. The APR (Annual Percentage Rate) for these could be as high as 23%.

Liquidity Yield Sharing

Another passive earning option is ICRYPEX Liquidity Yield Sharing; users provide liquidity through 3 digital assets [USDT, ETH, AVAX] for the exchange’s native token [ICPX], choosing 1 of the 4 lockup durations [30, 60, 90, 120 days].

The total yield earned through this program could go up to a little above 8%.

Restricted Countries

While ICRYPEX operates in over 150countries, there may be restrictions in place for certain jurisdictions due to regulatory requirements.

The company has stated that it does not provide its services to “high risk” jurisdictions, including, but not limited to:

• Iran
• North Korea
• Cuba
• Syria
• Crimea Region

ICRYPEX Compared to Competitors

For a detailed comparison between the reviewed exchange and its peers, look at the table below:

Writer's Opinion and Conclusion

ICRYPEX provides a 24/7 customer support service through 4 channels [email, phone, livechat, ticket]. The exchange, with a 6/10 trust score evaluated by “CoinGecko”, offers staking and liquidity yield sharing features in addition to trading.