A Comprehensive Analysis for Beginners: A Review of Tidex Exchange

With crypto continuously evolving, the realm of exchanges is getting populated with countless options, each vying for attention. Tidex is a Waves-integrated Tidex seeks to carve its niche by offering a gateway to an assortment of Waves assets alongside mainstream cryptocurrencies like Bitcoin, Litecoin, and Ethereum. It also enables trading of some fiat currencies in digitized formats like WUSD, WEUR, and USDT. Moreover, Tidex grants users the ability to propose their own custom tokens, subject to approval, in a manner similar to the Waves platform.

Overview

Launched in 2017, Tidex stands as a crypto-to-crypto exchange, facilitating trades involving both cryptocurrencies and Waves assets. Initially established in the UK, it later transitioned to the US and is now stationed in vibrant San Francisco, USA. Prior to this transition, the project had briefly relocated to Russia to maintain synergy with the Russia-based Waves team. Currently, the Tidex interface is offered in both English and Russian, catering to a global audience.

In a short span since its debut in 2017, Tidex has witnessed remarkable growth in trading volumes, boasting a roster of over 100 coins with 185 market pairings linked to its four principal currencies: BTC, ETH, USDT, and WAVES. Solidifying its position, Tidex is among the top 40 exchanges by daily volume, generating about $19.5 million in trades per day, notably dominated by the Waves/BTC and ETH/BTC pairs contributing over $16m. The team has crafted a platform that is both user-friendly and feature-rich, catering to a wide range of trading activities.

Visit Tidex

Key Features

• Features - Tidex operates via an intuitive web-based platform, featuring user-friendly interfaces with an array of functionalities. Beyond essentials like order books and trade histories, it provides responsive charts, customizable timeframes, design options, and various technical analysis tools.
• Support - Tidex has a dedicated team ready to address any queries around the clock. Reach them by opening a ticket, and they are also responsive through Support Section Direct communication through their Twitter account , Telegram group , and Facebook page Additionally, a detailed FAQ page is available to tackle common queries, along with several clear and concise guides crafted to help users navigate the platform effectively. Guides Trading Options - Presenting a robust suite of trading possibilities, Tidex supports limit and market orders, margin trading, and straightforward fee structures, with a modest 0.1% charge for both market creators and takers.
• Technology - Equipped with an API for seamless cross-platform exchanges, Tidex can be accessed via desktop, tablets, and mobiles alike. This flexibility allows users to engage in transactions in a comfortable setting, with the added convenience of keeping tabs on their accounts while on the move.
• Registering for an account is a simple affair—with a prominent “Create An Account” button found at the center of the homepage. Get started by visiting Tidex's website and clicking the “Create An Account” button, which sets the stage for the registration process.

Tidex Account Signup

Fill in your email, password, and choose a nickname on the registration form. You may also provide a phone number. After reviewing and accepting the Terms of Use, click “Create An Account,” prompting a welcome screen that allows you forward navigation with the “Log Me In” button.

A fresh authentication code will be dispatched to your email, embedded in a link. To gain access to your account, click the link or copy and paste this link in the necessary field; then, log in with your email and password to proceed.

Log into Tidex and select the “Deposits and Withdrawals” section. Locate the desired coin, click “Deposit,” then copy and paste the provided deposit address into your coin wallet. Ensure the coin is compatible with the Tidex platform before proceeding.

Make a Deposit

On Tidex, transactions hinge on base currencies like BTC, ETH, USDT, and WAVES. For instance, to switch your Bitcoin to WAVES, simply search for the respective BTC/WAVES market pair.

How to Trade on Tidex

The trading interface will show the equivalent WAVES amount alongside the total BTC involved. Confirm and execute the trade by pressing “Buy,” followed by affirming the operation with a “Yes” when prompted.

For withdrawals, select “Deposits and Withdrawals,” find the pertinent coin, and initiate the “Withdraw” command. The interface will display relevant balance, desired withdrawal amount, address, related fees, and total crypto balance details. Verify and confirm all information before proceeding, as the transaction becomes irreversible post-confirmation link usage.

Make a Withdrawal

Digital currencies like WUSD, WEUR, and USDT offer a stable trading option over the more volatile digital assets.

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Email Telegram Telegram WhatsApp Currently, Tidex hosts a diverse offering exceeding 100 different coins, inclusive of renowned names like Bitcoin, Bitcoin Cash, Dash, EOS, Ethereum, Litecoin, and OmiseGO. Nevertheless, popular choices like Monero, Ripple, Steem, and Zcash are yet to make the list, attracting traders interested in relatively lesser-known digital coins. A comprehensive coin list can be found

Tidex introduced its native TDX token, issued as a loyalty reward to frequent traders. This Waves-based token facilitates a discount program where holders receive TDX tokens as rewards, with commissions slashed by up to 50%, potentially lowering trading fees to as little as 0.05%. WhatsApp .

The loyalty rewards start accumulating from a trading volume of just 1 BTC, with periodic TDX payouts accompanying regular trading.

A 10% discount on trading fees comes into effect when a balance of 1000 TDX tokens is attained, further increasing to 50% at 5000+ levels (exceeding 5000 tokens yields no additional discounts).

Tidex's initial zero-fee strategy attracted numerous users, contributing to its rapid growth. Now, a flat 0.1% fee, applicable to both market creators and takers, covers transaction costs.

Tidex is a .

Waves-integrated

Aside from trading charges, a coin-specific withdrawal fee applies on exiting funds. For instance, Bitcoin attracts a 0.001 fee, Ethereum at 0.01, with fees for others such as 0.001 for Bitcoin Cash, 0.01 for Dash, 1.00 for EOS, and 0.005 for Litecoin listed regularly on the site.

Tidex's swift rise is attributed to its user-centric design and wide array of coins available for trade. By emphasizing speed, simplicity, and dependability, Tidex draws users who can commence trading without cumbersome verification, requiring only an email and password for account creation. Tidex Review Overview

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While Tidex enjoys considerable success, limited details are available regarding its security measures, although robust internal protocols claim to secure all transactions. Tidex also reportedly monitors for potentially illicit activities, showcasing resilience against hacking attempts and maintaining secrecy over its security infrastructure.

For those looking to explore some of the lesser-known crypto or various WAVES assets, Tidex is a practical option that integrates low fees akin to many crypto-to-crypto exchanges. Yet, the platform's overall user experience suffers due to notable drawbacks like substantial withdrawal fees for certain currencies, accompanied by citing inadequate customer support service where the ticketing backlog potentially delays responses.

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Issues have also emerged with some coins listed being deemed as questionable or “scam coins.” Consequently, Tidex's team should exercise rigorous oversight during the coin selection process, given inexperienced traders might fall prey to poor investment decisions.

An All-Inclusive Introduction to the 2019 Tidex Exchange Report - Is It Safe?

Considering using the Tidex Digital Currency Exchange? Want to know if it's trustworthy? Check out our thorough guide made specifically for beginners to learn everything you need. Overview .

Overview