VinDAX Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- Many crypto-crypto pairs, low commissions even for beginners
- VD token, which gives a discount on commissions
- high stability and speed
- no investment and referrals
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- Many crypto-crypto pairs, low commissions even for beginners
- VD token, which gives a discount on commissions
- high stability and speed
- no investment and referrals
Our Evaluation of VinDAX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
VinDAX is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.31 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by VinDAX clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The VinDAX Crypto Exchange is a trading platform with simplistic and convenient functionality. It is focused on active trading, so it does not offer alternative income options like referral or investment programs. Many cryptocurrencies are available for trading, trading volumes are high, and new assets are constantly added to the pool. Commissions are low, including withdrawal fees. The site's proprietary VD coin is available for trading and issued for various actions. Holding a coin in your account allows you to significantly reduce trading fees. Premium customers with the highest volume of VD in their account receive additional payouts from a fund that is generated from 30% of the company's weekly revenue.
Brief Look at VinDAX
The VinDAX exchange is a popular cryptocurrency and coin trading platform with its proprietary VD token that saves on trading fees. Bitcoin (₿), Litecoin (Ł), Tether (₮), Ripple, and dozens of other cryptocurrencies and coins are available for trading on the exchange; and the list is regularly updated due to the open listing. Commissions are lower than the market average — initially 0.1% on the first trading level for taker/maker. In addition to the trading terminal in the browser, the exchange has its mobile application. One of the key advantages of the platform is its developed community infrastructure. It has a large blog with high activity and several dozen Telegram channels for communication between traders in different languages. It also has separate communication channels with technical support specialists who work 24/7. Registration is free and there is no minimum deposit.
- many cryptocurrencies and coins are available for trading;
- the exchange has its own VD coin, which gives a discount on commissions;
- Trading fees are lower than the market average;
- Many deposit and withdrawal options are available;
- the trading terminal is easy to use;
- Application for mobile trading (iOS/Android);
- Regular promotions and contests with money prizes;
- API for integration of the trading application into the platform;
- high efficiency of technical support;
- blog and Telegram channels in different languages.
- no referral program;
- no fiat currency;
- no investment solutions.
TU Expert Advice
Financial expert and analyst at Traders Union
The VinDAX crypto exchange was launched in 2019. The platform was created by experienced stockbrokers, and as a result, blossomed to the expected trade turnover within six months. At the moment, it is not just a competitive platform, but also one of the leading players in the segment.
Its financial policy is usually noted as a major advantage of the exchange. It has no minimum deposit, but there is a minimum transaction volume for each traded asset. Commission fees do not depend on the trading volume as such but on the number of VD coins held in the account. At the entry-level, the commission is fixed and equals 0.1% for a taker/maker.
Two additional advantages of the site are the already mentioned VD token and its blogging community. The token has significant trading volumes and can be used to make money like any other crypto asset. Also, for trading the token, exchange customers benefit from additional savings on fees. For example, at the first level, the fee with sufficient trading VDs will be 0.08% instead of 0.1%.
Experts have not revealed failures, bugs, and vulnerabilities in the work of the exchange. It has a modern security system, expressed in multi-level encryption. The 2FA authentication serves as reliable protection from fake accounts and fraudsters. There is no evidence of hacking. The exchange always fulfills its obligations to customers.
Based on a sum of factors, experts can recommend VinDAX as a convenient and easy way to learn its platform with favorable financial conditions. However, traders should keep in mind that the exchange has no investment solutions, referral programs, or other sources of additional regular earnings. In general, only periodic exchange-organized contests are among the possibilities for additional income.
VinDAX Summary
| 💻 Trading platform: | TradingView (built-in) |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptos |
| 💵 Replenishment / Withdrawal: | Bank cards, crypto, and e-wallets |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptos |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | Not indicated |
| ⭐ Trading features: | Many crypto-crypto pairs, low commissions even for beginners; VD token, which gives a discount on commissions; high stability and speed; no investment and referrals |
| 🎁 Contests and bonuses: | Yes |
To start trading on the exchange, you need to go to its official website and go through the registration and verification processes, which are not different from most cryptocurrency exchanges. Some exchanges require a certain minimum deposit to access the full functionality of the exchange. VinDAX has no such requirement. But you will have to enter funds in any case, as there is a minimum transaction amount for each asset. For example, for the pair BTC/VD, it is 0.1; and for the pair BCH/USDT, it is 0.001.
The exchange does not offer leverage. This means that clients can use only their own funds. Technical support of the platform is assessed as prompt and competent. It is available through the ticket system on the site, but it is easier and faster to contact it via Telegram. In Telegram, technical support is available 24 hours a day, 7 days a week, and is available in many languages.
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Commissions and fees
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0 VD — 0.1%/0.1% for maker/taker;
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1 to 50,000 VD — 0.09%/0.09% for maker/taker;
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50,000 to 100,000 VD — 0.08%/0.08% for maker/taker;
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From 100,000 to 200,000 VD — 0.07%/0.07% for maker/taker.
For active VD trading, you can get an additional discount. With the discount, the amount of commission will be 0.08% on the zero level; 0.07% on the first level; 0.06% on the second level; and 0.05% on the third level. The commission is equal for takers and makers.
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | Up to 0.1% per order | Yes |
VinDAX does not charge a commission for depositing funds, except for some tokens. For example, the commission for the input of GOLD is 2% of the input amount, and for the input of BTRL, it is 0.2%. Withdrawal commissions are charged on all tokens regardless of the withdrawal channel. They are determined only by the asset. For example, the fee for Bitcoin withdrawal is ₿0.0005, and the fee for Ethereum withdrawal is Ξ0.006.
| Broker | Average commission | Level |
|---|---|---|
|
$1 | |
|
$20 | |
|
$0.1 |
Investment Options
The VinDAX cryptocurrency exchange does not provide investment programs to its clients. Users have no opportunity to earn in any other way than actively trading cryptocurrency pairs. However, experts predict that since the site is actively developing, investment programs will soon come.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
VinDAX’s affiliate program:
Customers of the VinDAX crypto exchange cannot earn from invited users. Inviting their friends and acquaintances to the platform will not get them any bonuses or benefits. The absence of an affiliate program can be seen as an indicator of the company's confidence in its future because it does not seek to additionally motivate the influx of new customers.
User Satisfaction