Is Catex a Good Crypto Exchange for Beginners?
It is important for novice cryptocurrency traders to choose the right crypto exchange. Not all companies can be used when you are just starting your path in trading, which is why the success in cryptocurrency trading depends on making the right choice. Beginners often wonder whether Catex is a good crypto exchange to start trading with. In this article you will learn whether Catex is good for beginners, what its pros and cons are and what a novice trader needs to know.
Short summary about the broker Catex
The Catex exchange is a platform for active trading in crypto-to-crypto pairs. Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), TRX, EOS, and other cryptocurrencies and tokens are traded on the exchange. Trading commissions are initially fixed and for most assets, the fee is 0.1%. The commission can be reduced by keeping the CATT token (the platform proprietary coin) on your account. Also, the storage of CATT allows you to reduce the commission for withdrawing funds.
The platform is characterized by high stability and performance, and the trading terminal is standard. There is a referral program with payments of 50% of the commissions of invited users. The investment is implemented in a staking format. The pool of crypto assets is constantly replenished through an open listing. Market API is available. There are no specialized solutions for novice traders, such as like demo accounts.
| 💰 Account currency: | Cryptocurrencies |
| 🚀 Minimum deposit: | $5 |
| ⚖️ Leverage: | No |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
Catex Pros and Cons
👍 Advantages of trading with Catex:
•many assets for trading, and the number of coins is constantly growing;
•low trading fees that do not differ for taker and maker;
•keeping the CATT coin in the account reduces commission fees;
•holders of the CATT coin receive daily dividends;
•staking (contributions to blockchain projects) with a high level of profitability;
•significant payments for invited users (referrals);
•NoSQL (Not Only SQL) technology provides high performance;
•part of user funds are kept cold;
•2FA authentication, cloud services, and other security measures.
👎 Disadvantages of Catex:
•no pairing with fiat funds;
•communication with support only through tickets on the site.
What is a Good Crypto Exchange for Beginners?
In order to choose the right broker for a beginner, you need to consider several aspects.
Here are the main ones:
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Education. It is important for novice crypto traders to learn how to trade. An exchange can offer educational courses, video tutorials, articles, webinars, etc. The more learning opportunities there are the better.
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Availability of a demo account. You will need this account to practice. It provides an opportunity for a beginner to trade risk free and try out trading strategies.
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Availability of a simple method to buy cryptocurrencies. An exchange service or a P2P exchange would be an advantage for an exchange.
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Low fees. The level of income of the trader depends on the level of the fees. Therefore, it is important to choose a company that charges minimum fees. Crypto exchanges mostly use the Maker and Taker fee model. It is important that you study them.
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Instruments for passive investing. In addition to active trading, passive income is also important for beginners. Pay attention to availability of copy trading or staking.
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Trading platform. It is important for a novice trader to choose the simplest trading platform that will be easy-to-use for trading.
In addition to these factors, you also need to consider how customer support operates, as it will also be important. Bonuses for beginners are also a nice perk.
Trading Conditions for Catex Users
Before you start working with an exchange, it is important that you evaluate its trading conditions. Catex offers traders the following conditions.
| 💻 Trading platform: | TradingView (in a browser) |
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Electronic and cryptocurrency wallets (Электронные и криптовалютные кошельки) |
| 🚀 Minimum deposit: | $5 |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | from 0 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | N/A |
| ⭐ Trading features: | All major cryptocurrencies, no fiat, low fees, bonuses, and financial benefits from keeping the CATT token, many staking programs, standard referral program |
| 🎁 Contests and bonuses: | Yes |
Commissions and Fees
The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of Catex commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.
The crypto exchange has the most simplified system of commissions and fees. There are no trading levels on the platform, the commission is not affected by the asset, the volume of the transaction, or the total volume of the user’s trades. The only thing that matters is the amount of the CATT coin on the account.
If the client does not have the platform’s coin, then the standard commission of 0.1% applies. The commission is fixed and is the same for the taker and the maker. If a client starts trading CATT, then as soon as the volume of a coin in his account reaches 200 CATT, he can depend on two discounts:
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a discount on trading commissions, up to 30% (subject to the necessary conditions);
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a discount on the commission for withdrawing funds, up to 100% (also, subject to the necessary conditions).
The amount of the fee reduction is calculated individually, depending on the exact amount of CATT on the account. The data is displayed in the user’s personal account. CATT provides other bonuses as well.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | Up to 0.1% per order | Yes |
Investment programs of Catex
It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. Catex offers the following passive income options.
Investment Programs, Available Markets, and Products of the Crypto Exchange
Catex clients can lend funds to blockchain projects for subsequent profit in the form of interest payments. This process is called staking, and the exchange acts as an intermediary between investors and verified third-party companies.
The list of programs available for investment is presented in the corresponding section on the exchange’s website. Programs are constantly updated and supplemented. They cease to operate when the required amount of funds has been collected on them. Programs differ in assets, deposit terms, interest rates, and the minimum deposit.
The term of the program can be 3-450 days, the interest rate is in the range of 2-240%. There are no restrictions on participation in the program. Each client of the exchange who has enough target assets on his account can deposit it before the program ends and receive, as a result, interest payments equivalent to the deposit.
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 thedeal and all the steps from signing up to withdrawal of profits.
Catex’s affiliate program:
The exchange has a standard referral program. Each verified client is assigned a personal referral link, which is located in his personal account. The client of the exchange can place this link on any third-party resources to attract new users.
Each new user who followed the client’s link, registered with the exchange, and started trading, will bring the client a profit in the amount of a certain percentage of his trading commissions. At the moment it is 50%. That is, half of the commission for each trade of the user is credited to the account of the exchange’s client that invited him.
The referral program is not limited in time, so the referral retains its status and brings profit to the client who invited him all the time he trades with the exchange. There are no restrictions on the number of referrals.
Conclusion. Is Catex good for beginners?
The Catex cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, Catex could be considered as a good cryptocurrency exchange for a start.
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FAQ
What do I need to know about the fees charged by cryptocurrency exchanges?
The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.
How do I choose a reliable cryptocurrency exchange?
Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.
How many cryptocurrencies could a crypto exchange offer?
The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.
What are the risks of investing in cryptocurrencies?
Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.