Tidex is a cryptocurrency exchange with a special earn system for 6 cryptocurrencies [QMALL, TDX, WAVES, TONCOIN, WMY, VLX], offering profits of up to 5%.
Also, the exchange facilitates an NFT program called Wear2Earn that enables earning TDX, WMY, VLX and other tokens via a specific mining technology.
Tidex Company Information + Regulation
Tidex is a cryptocurrency exchange that was launched in 2017. The company is headquartered in London, United Kingdom, but it's registered in Lithuania, Vilnius, Eišiškių Sodų 18-oji g. 11.
While Tidex operates globally, it's worth noting that the company's regulatory status remains somewhat unclear.
Notable Specifics at a Glance
As always, in this section we will provide a table of all important features and specifics. Take a look here:
Exchange | Tidex |
Launch Date | 2017 |
Levels | New, Basic, Enhanced |
Trading Fees | 0% for Maker, 0.1% for Taker |
Restricted Countries | Pakistan, Zambia, Nepal, Iraq, Iran, North Korea, USA, Crimea, DPR, LPR |
Supported Coins | Approx. 40 |
Futures Trading | None |
Minimum Deposit | Varies |
Deposit Methods | Crypto, E-wallets, Credit/Debit Cards |
Withdrawal Methods | Crypto, E-wallets |
Maximum Leverage | None |
Minimum Trade Amount | Not Specified |
Security Factors | 2FA, SSL Encryption |
Services | Wear2Earn, Staking, Launchpad, Listing |
Customer Support Ways | Ticket, Email, Live Chat |
Customer Support Hours | Not Specified |
Fiat Deposit | Yes |
Affiliate Program | No |
Orders Execution | Not Specified |
Native Token | TDX |
User Levels and Differences Between Them
Tidex employs a tiered user level structure with 3 levels that affects withdrawal limits:
User Level | New Accounts | Basic Accounts | Enhanced Accounts |
Withdrawal Limit in 24 Hours | $0 | $500 | $100,000 |
The "Enhanced Accounts" user level requires verification and two-factor authentication.
In addition to these levels, Tidex offers benefits for holders of its native TDX token; it provides discounts of up to 80% on trading fees for users holding any number of the token. The higher the number, the higher the discount.
Trading Commissions and Other Costs
Tidex has implemented a straightforward fee structure independent of the trading volume and instrument that's quite competitive in the cryptocurrency exchange market:
- Maker Fees: 0%;
- Taker Fees: 0.1%.
There are no costs for deposits on the platform; however, there is a withdrawal fee that is variable based on the cryptocurrency.
Coins and Tokens Listed on Tidex
The exchange offers a range of approx. 40 cryptocurrencies for trading. Some of the top tradable digital assets include:
- Bitcoin [BTC]
- Ethereum [ETH]
- Dogecoin [DOGE]
- Stellar [XLM]
- Solana [SOL]
- XRP
- Avalanche [AVAX]
- Cardano [ADA]
- Litecoin [LTC]
- Polkadot [DOT]
The exchange also supports trading for some lesser-known tokens like Toncoin, GMT, and Joseon Mun.
Margin Trading and Futures Markets
As of the latest available information and based on our investigations, Tidex crypto exchange does not offer futures or margin trading options. The platform focuses primarily on spot and OTC trading of cryptocurrencies.
For traders looking for more advanced trading options, we recommend other options in the industry, such as Binance.
Registration How to Register and Verify Your Account on Tidex
Signing up on this exchange is a typical and convenient process. We are going to explain the stages here:
- Visit the exchange website and click on the "Sign Up" button;
- Enter your email address and create a strong password;
- Check the required boxes and confirm the statements, then click "Sign Up";
- Verify your email address by providing the code sent to your inbox.
You have finished the registration process. To complete the KYC (Know Your Customer) process, go to your account settings and select "Verification". Afterward, provide the required personal information and upload the necessary documents (usually a government-issued ID and proof of address).
Security and Safety Measurements in Tidex
When it comes to cryptocurrency exchanges, security is paramount. The discussed exchange doesn't reveal much information about the safety measurements on its website and other sources. We only found about these 2 in our investigations:
- SSL encryption of the website with a certificate valid until February 26, 2025;
- 2-factor authentication for increased security of the user account.
Deposit/Withdrawal Methods
The platform offers a decent list of 5 payment methods with support for fiat deposits. Here are the options:
- Cryptocurrencies: direct transactions;
- E-Wallets: Skrill, Neteller, Perfect Money;
- Credit/Debit Cards: Visa, Mastercard.
Trust Scores and User Reviews
We rely on reputable sources such as Trustpilot and ScamAdviser for evaluating the trust score of a financial company. Let's go through the scores of Tidex on the latter:
- Trustscore: 1/100 based on the website's algorithm and the data available on web;
- Users Rating: 1.3/5 based on over 50 reviews.
These scores on the ScamAdviser website are too low and sound alarming.; however, nothing is 100% about user experiences and ratings.
Copy Trading and Investment Options
Tidex company offers 2 main options for users to potentially earn passive income:
Staking System: Available for 6 assets [QMALL, TDX, WAVES, TONCOIN, WMY, VLX] with 3%/5% profit rates;
Wear2Earn: NFT T-shirts that enable traders to earn TDX, WMY, VLX and other tokens/coins with the exchange's mining technology.
Writer’s Opinion and Conclusion
Tidex provides cryptocurrency trading via 0% maker and 0.1% taker fees in all assets regardless of the trading volume. There are 3 user levels in this exchange [New, Basic, Enhanced] differentiating in withdrawal limits.
The website's domain has an SSL encryption certificate that is valid until November 2024. Also, the exchange has a native token: TDX.
