Is Crex24 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 Crex24 is a good crypto exchange to start trading with. In this article you will learn whether Crex24 is good for beginners, what its pros and cons are and what a novice trader needs to know.
Short summary about the broker Crex24
The Crex24 crypto exchange is a multilateral platform where Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Monero, and dozens of other cryptocurrencies and tokens are available for trading. The US dollar, euro, Japanese yen, and Chinese yuan are available from fiat currencies. Trading is done through a browser-reliant terminal based on TradingView, and there is a mobile application for Android. The exchange has low commissions, which can be further reduced by paying for them with a CREX token. The platform has implemented a standard referral program, and there are no investment solutions or demo accounts. Training is presented by a typical FAQs section, and there is an API. The pool of assets is replenished by an open listing. Part of the user's funds are kept cold, and the exchange has an advanced security system. There are many options for deposit and withdrawal of funds with small commissions.
| 💰 Account currency: | Cryptocurrencies, US dollars, Euro, Russian ruble, Japanese yen, Chinese yuan |
| 🚀 Minimum deposit: | 1 USD |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptos, fiat currencies |
| 💹 Margin Call / Stop Out: | No |
Crex24 Pros and Cons
👍 Advantages of trading with Crex24:
•loads of cryptocurrencies and tokens (the list is constantly replenished) and large trading volumes;
•the exchange has its own token called CREX, which provides a discount on trading commissions;
•low commissions, their size depends on the pair traded and the total volume of trading during the previous 30 days;
•no commission for depositing cryptocurrency funds and no additional fees, exchange operation is 100% transparent;
•SSL certificate, protection from DDoS attacks, 2FA authentication, and other security measures;
•Easy-to-use trading terminal with extensive functionality for technical analysis;
•“Cranes" function for free coins, regular contests with real prizes;
•the exchange officially operates under the financial legislation of Cyprus.
👎 Disadvantages of Crex24:
•no investment solutions are offered;
•withdrawal of funds takes up to three days;
•absence of app for iOS.
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 Crex24 Users
Before you start working with an exchange, it is important that you evaluate its trading conditions. Crex24 offers traders the following conditions.
| 💻 Trading platform: | Proprietary TradingView platform |
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, US dollars, Euro, Russian ruble, Japanese yen, Chinese yuan |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrencies |
| 🚀 Minimum deposit: | 1 USD |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptos, fiat currencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Not indicated |
| ⭐ Trading features: | Tons of cryptocurrencies and tokens, five fiat currencies, high trading volumes, proprietary CREX token offers financial advantages, additional functionality to get coins, no investment solutions |
| 🎁 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 Crex24 commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.
The Crex24 crypto exchange offers a non-standard system of commissions. Most platforms have fees that depend on the volume of trades or the amount of a particular asset in the client's account. At Crex24 the fee is determined not only by the trading level but also by the assets involved. That is, each trading pair has its individualized conditions and fees, which can be found listed in the Commissions section.
For instance, for the 2X2/BTC pair, the base currency is 2X2 and the quoted currency is Bitcoin. Commissions are equal for taker and maker, calculated based on trading level, which is determined by the trading volume in BTC. At the first trading level (with zero trading volume) the commission is 0.2%. On the fifth level (with 50 BTC traded during the last 30 days) fees decrease to 0.12%. For the majority of pairs, the commission is even lower, but for some pairs, the maximum amount may reach 0.5%. There is a reduction in trading commissions due to their redemption by the CREX token, the conditions can be found in the corresponding section of the crypto exchange website.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | Up to 0.5% per order | Yes |
Investment programs of Crex24
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. Crex24 offers the following passive income options.
Investment Programs, Available Markets, and Products of the Crypto Exchange
The platform does not offer investment solutions. Owners of their coins can take advantage of a free listing, the exchange supports cooperation with emerging blockchain projects. However, this is not implemented in the form of staking or alternative programs that other crypto exchanges sometimes introduce. Customers can earn through active trading, a referral program, and through additional features (e.g., the "Cranes" feature).
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.
Crex24’s affiliate program:
Every verified exchange client can invite other users to the site and receive payments for it. He should go to the affiliate program page and generate a personal link there. It can be sent by personal messages and posted publicly. Everybody who will follow this link and register at the exchange will become a partner (referee) of the owner of the link.
Data on referrals is displayed in the appropriate section of the trader’s personal cabinet. The referral has to register and be verified, after which he gets full access to the site’s functionality and can trade. Subsequently, 25% of the commission on each completed trade of the referee will be transferred to the exchange client, who invited him to the site.
The owner of the links gets an additional 0.25% of the amount of bets made by his referee in games and contests. Each exchange client can have an unlimited number of referees. They bring him financial bonuses for as long as they trade on the site.
Conclusion. Is Crex24 good for beginners?
The Crex24 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, Crex24 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.