From time to time, the cryptocurrency world is shocked by the news of hacks or fraud on seemingly reliable exchanges. Poloniex, Cryptopia, and several other exchanges showed a sad example in 2019. In this regard, it is not worth keeping funds for a long time on any of the centralized exchanges, no matter what guarantees they provide. With active participation in the work of the cryptocurrency market, mining, bounty campaigns, and airdrops, you have to use little-known exchanges that have the required asset in their listing. One of these so far little-known exchanges is CITEX.
Benefits of CITEX cryptocurrency exchange
CITEX is a multinational exchange hosted by a South Korean host, and its study (using open sources) gives no reason to doubt its reliability.
CITEX has the following advantages:
- a large number of available cryptocurrency pairs;
- acceptable commission for trading and withdrawing assets;
- dependence on South Korean jurisdiction, which in some cases is better than the American one;
- serious daily trading volumes;
- convenient English-language interface and a good level of user protection;
- CITEX exchange can be fully used without going through the verification procedure and providing personal documents;
- it is possible to receive passive income from staking and hosting masternodes of some coins;
- the exchange has an English-language support service, a Russian-language Telegram channel, and a convenient application for mobile devices on Android and iOS.
It is one of the exchanges that have the largest number of PoW cryptocurrencies in its listing, making it an indispensable tool for miners.
Citex is a South Korean exchange targeting users from all over the world. The exchange website has an interface in English, Chinese, Korean, and Vietnamese.
What trading pairs are there on CITEX?
On CITEX, you can trade cryptocurrencies pegged to Bitcoin, Ethereum, USDT, and Korean Won (KRW).
As of the end of February 2021, you can trade:
- Bitcoin – 58 pairs;
- ETH – 29 pairs;
- USDT – 35 pairs.
What are the commissions charged by CITEX for trading and withdrawing?
When trading, the maker and taker pay a commission of 0.1% of the transaction amount.
Minimum withdrawal amounts:
- bitcoin – 0.002 BTC;
- ether – 0.05 ETH;
- USDT – 50.
Withdrawal fees:
- bitcoin – 0.0005 BTC;
- ether – 0.005 ETH;
- USDT – 5.
How to register on the Citex cryptocurrency exchange?
Registration on the crypto exchange is as follows:
- In the upper right corner on the English-language page of the site, click the Sign-Up button;
- Then, in the pop-up window, fill in the user’s country data, enter the email address and password, and agree to the terms of use;
- After activating the I agree to CITEX Terms of Use field, a postal address verification window will appear;
- A letter with an account activation link will appear in the mailbox;
- After activating the account, the user’s account will appear, in which it is desirable to enable two-factor authentication.
After that, you can fully use the CITEX exchange as an unverified user. The activity of such users is limited to withdrawals of no more than 0.5 BTC per day.
How is the security provided when using the CITEX exchange?
Security while working on the CITEX exchange is ensured by two-factor verification, an anti-phishing code for mail, and a password. It is possible to bind an account to a mobile number and enable codes from SMS for login, and change password.
Technical analysis of CITEX crypto exchange
As of April 30, 2021, the CITEX crypto exchange has a trading turnover of $ 6.88 billion or 127.461.44 BTC and ranks No. 221 in the ranking of cryptocurrency exchanges in terms of trading volume over the last 24 hours. Over the past 24 hours, trading volumes on the CITEX cryptocurrency exchange have increased by 13.60% ($ 824,245,018.71). In total, over the past week, the trading volumes of the CITEX cryptocurrency exchange are $ 2.11 billion or 39.045.41 BTC, and over the last month, the total trading volume is $ 78.72 billion or 1.457,866.42 BTC.
Conclusion
CITEX cryptocurrency exchange has a South Korean registration, operates on a site with a good response time, and has earned a good reputation during its existence.
The presence of a large number of cryptocurrency pairs on this exchange allows it to be used both for exchanging little-known coins for more reliable assets and trading.
