06/13/2024
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Tidex

Tidex

Tidex was established in October of 2017 and operates on the Waves blockchain. The exchange is known for its user-friendly interface, low fees, and availability of over 100 trading pairs.

The location of the company is not specified on the website of the exchange. According to some online resources, the exchange is located in the United Kingdom, while others list the Cayman Islands as the company's country of incorporation. The company is believed to be managed by Elite Way Development LLP.

The website of exchange is available in English, Chinese, French, and Russian. The exchange does not permit margin trading or the use of fiat currencies. The exchange's intuitive interface and application programming interface (API) enable trading on multiple platforms. Additional features include USDT loans, staking, and the ability to send specific amounts of coins to specific users using unique codes.

Tidex supports over 90 cryptocurrencies including the set of Waves-based tokens. Over 90 cryptocurrencies, including Waves-based tokens, are supported by Tidex. Fiat currencies are not supported. Users may choose to purchase stablecoins that are pegged to multiple national currencies. Tidex provides Tether (USDT), as well as WUSD and WEUR. Tidex only supports market orders, while limit orders are not available. 

Tidex users can also earn rewards via staking of both Tidex and Waves tokens. Another option available for Tidex users is staking USDT. 

Tidex offers transparently competitive trading fees. Both makers and takers are required to pay 0.1%. In addition, users who participate in the Tidex loyalty program pay lower trading fees. As for withdrawal fees, each coin has its own fixed withdrawal fees and minimum withdrawal amount on this exchange.

The website asserts that security is Tidex's top priority, but there is insufficient information about the security methods employed by the exchange team. Two-factor authentication is supported. It is unknown whether the website is resistant to DDoS attacks or how many coins are stored in cold wallets.