Icrypex Review 2026

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How we tested ICRYPEX

Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.

Learn more about our methodology and editorial policies.

Pros & Cons

  • All popular cryptocurrencies paired with USDT and TRY are available. New assets are constantly added to the exchange;
  • Trading fees are below market average and there are no withdrawal fees;
  • The trading platform is as simple and intuitive as possible. Icrypex also offers an innovative mobile app;
  • Unlimited referral program with payouts up to 20% is available for every user;
  • Profits from staking are up to 22.5% per annum and are up to 14% on ICPX; farming brings up to 7.10% subject to the token pool;
  • Advanced fund and data protection, including cold wallets, two-factor authentication, etc., are provided;
  • 24/7 technical support is available via all main communication channels;
  • The exchange offers a blog comprising articles, daily newsletters, guides on crypto assets, etc.
  • Cryptocurrencies can be bought only using Turkish lira;
  • Many additional services are currently developing and are not comprehensively implemented.

Icrypex is a Turkish crypto exchange that offers over 220 cryptocurrency pairs, including mixed pairs with TRY. Traders can work on spot and over-the-counter (OTC) markets. The built-in converter allows traders to exchange fiat currencies into any of the available digital assets, including the exchange's proprietary ICPX token, within several seconds. Icrypex provides a browser platform and a mobile app for devices running on Android and iOS. Minimum takers’ fees are 0.02%, and the makers’ is 0.01%. Deposits and withdrawals are made in all available cryptocurrencies and Turkish lira without exchange fees. Cryptocurrency transfers always imply blockchain fees. Passive income options include staking, farming, and a three-level partnership program.

TU Expert Verdict

Chief Analytics Officer

ICRYPEX demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.

ICRYPEX provides access to trading over 220 cryptocurrency pairs, including pairs with Turkish lira and USDT, through its browser platform based on TradingView and its mobile application for iOS and Android. The exchange supports spot and OTC trading, offers staking and some passive income products, and allows deposits and withdrawals in both cryptocurrencies and TRY. Trading fees are tiered and can be reduced as monthly trade volume increases, and advanced security measures such as two-factor authentication and cold wallet storage are implemented. ICRYPEX holds authorization in Lithuania, Poland, and Bulgaria, with KYC verification required for full platform access.

However, a notable drawback is that TRY is the only fiat currency supported for buying cryptocurrencies, which significantly limits options for users outside Turkey. Additional disadvantages include the absence of crypto derivatives and limited deposit or withdrawal methods, as bank transfers are available only to Turkish banks and card payments are not supported. Due to these constraints, ICRYPEX may not be suitable for those seeking a wide choice of fiat options, advanced products, or global payment flexibility, but it could be considered by users comfortable with TRY settlement and fundamentals-focused spot trading.

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ICRYPEX User Reviews

Score:
The administration of the website shall not be liable for the accuracy of the reviews and does not have the technical ability to check the reviews for accuracy, as well as establish whether the authors of the reviews are indeed the customers of a specific company.
7.3 /10
3 total
  • 5-star
    0%
  • 4-star
    67%
  • 3-star
    33%
  • 2-star
    0%
  • 1-star
    0%
mondogil
2 years ago

I joined Icrypex under its partnership program and now I actively attract new users myself. The conditions are profitable, and it has three levels with payouts of up to 20% of the exchange’s profits from partners’ transactions. I rarely use its main functions: I sometimes buy and sell Bitcoin, Ethereum, Dogecoin, and several other popular cryptocurrencies. Fees are average, but they can be minimal when trading with very large volumes. Technical support has disappointed me. Consulting is good, but they take too long to respond. There are few pools available for farming. There are some other shortcomings, but they are minor. The overall service is good. Icrypex is suitable for novice traders since it offers many educational materials, daily market reviews, and current news. Also, it is possible to make passive income with a partnership program or staking. Professionals like the range of assets and reliability. Its in-house token is very promising. The ICPX price is steadily growing and it provides significant advantages for transactions.

samspider
2 years ago

This is probably the best crypto exchange I know. Trading conditions and implementation are great. There is always demand and liquidity. I use the mobile app, since there are necessary features only. The exchange is constantly developing and it regularly offers new opportunities. For example, in 2023, it introduced the ICPX token that is actively traded, integrated with major cold wallet services, and provides significant discounts on fees. Also, it is used for staking with above-market average profits. I wish I could make deposits in EUR or USD. This is probably the only disadvantage that I have found here. Otherwise, this is a great exchange and I’m going to continue trading here.

Moramay12
2 years ago

I heard about Icrypex from traders I know. They mostly use its converter. I also used it to exchange fiat into cryptos, but then I realized that it is reliable and stable. There are many cryptocurrencies paired with USDT and TRY and new assets are added regularly. OTC trading is available with large volumes. I want to distinguish staking: I place ATOM for 120 days at 16.6% per annum, and it’s great. Also, I stake Ethereum, though the interest rate is lower. By the way, ETH is a very promising asset. So, now I’m an active user.

  • ICRYPEX Commissions and Fees

    Score:
    This category evaluates trading costs and the transparency of deposit and withdrawal charges according to the Methodology. It covers spot and futures trading fees, P2P exchange costs, deposit/withdrawal fees, and tiered fee structures. The assessment ensures that fees are competitive and clearly disclosed, avoiding hidden or excessive costs. Each factor is scored based on defined criteria, contributing to the overall rating.
    4.9 /10

    ICRYPEX received a 4.9/10 score for its commission structure, indicating that its fees are higher than the market average based on an evaluation of over 100 cryptocurrency exchanges.

    • No deposit fee
    • Spot fee above industry average

    What are ICRYPEX trading fees?

    We analyzed ICRYPEX’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.

    ICRYPEX trading fees vs competitors

    ICRYPEX Nexus Trade CoinMetro Industry average Based on the evaluation of over 100 leading crypto exchanges
    Spot, maker fee (%) Maker fees are charged when liquidity is added to the order book. This occurs by placing a limit order below the current market price for buy orders, or above the market price for sell orders. 0.25 0.22 0.1 0.15
    Spot, taker fee (%) Taker fees are charged when liquidity is removed from the order book. This typically happens when a trade is executed at the market price. 0.35 0.22 0.2 0.194

    What are ICRYPEX deposit and withdrawal fees?

    Deposit fee, % Important! Even if an exchange does not charge fees for deposits and withdrawals, there can also be fees from the payment system or cryptocurrency network used by the user. For example, the network fee for USDT TRC20 is typically around $1. 0
    Withdrawal fee, % 0.0004 BTC 0.008 ETH

    Does ICRYPEX offer P2P trading?

    Yes, ICRYPEX offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.
    ICRYPEX P2P Fees
    ICRYPEX MaiCoin MAX BTSE
    P2P maker fee (%) 0,25 0,1 0,01
    P2P taker fee (%) 0,35 0,15 0,05
  • Regulation and Safety

    Score:
    Our evaluation encompasses several key factors, including government regulation, two-factor authentication (2FA), cold wallet storage of client assets, investor protection funds, KYC protocol adherence, year of foundation, and history of security breaches. Read more in our Methodology
    9.8 /10

    ICRYPEX has earned a rating of 9.8/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.

    • No successful hacks history
    • 2FA
    • Tier-1 regulation
    • Cold wallet storage
    • Government-regulated
    • No facial recognition
    • Not U.S regulated
    • No investor protection fund

    We also compared ICRYPEX against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.

    ICRYPEX Security Factors
    ICRYPEX OKX Coinbase
    Tier-1 regulation
    Yes
    No
    Yes
    Government-regulated
    Yes
    Yes
    Yes
    Investor protection fund Provides compensation to users in case of financial loss due to unforeseen circumstances on the platform.
    No
    Yes
    Yes
    2FA
    Yes
    Yes
    Yes
    Facial recognition
    No
    Yes
    No
    Cold wallet storage The majority of user funds are held offline, reducing vulnerability to online attacks.
    Yes
    Yes
    Yes
    Successful hacker attacks We review publicly available information on past security breaches to assess the exchange's security track record.
    No
    No
    Yes

    Is ICRYPEX a regulated crypto exchange? Regulation is crucial for the security and legitimacy of a cryptocurrency exchange. We assess the exchange’s regulatory status and its impact on platform reliability.

    ICRYPEX is regulated by a Tier-1 financial authority (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or another jurisdictions with strict financial oversight). This ensures strong investor protection, compliance with stringent operational standards, and enhanced security for users trading on the platform.

    ICRYPEX is authorized or licensed in accordance with local regulations in the following regions: Lithuania, Poland, Bulgaria.

    Is verification (KYC) mandatory at ICRYPEX?

    Yes, KYC verification is mandatory at ICRYPEX. You will need to complete the verification process before you can open an account and access the platform's full range of services.

    Is ICRYPEX available in the USA?

    Yes, ICRYPEX is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.

  • Deposit and Withdrawal

    Score:
    We evaluated the deposit and withdrawal experience, considering several key factors such as the range of available methods, transaction processing speed, minimum deposit requirements, and associated fees. Read more in our Methodology.
    5 /10

    ICRYPEX received a 5/10 rating for its deposit and withdrawal services. While ICRYPEX covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.

    • Many cryptocurrencies for deposits and withdrawals
    • P2P for flexible transfers
    • No deposit fees
    • Bank transfers for deposits and withdrawals
    • No PayPal option
    • Withdrawal fee applies
    • No Google Pay option

    Deposit and withdrawal options

    ICRYPEX supports the following deposit and withdrawal options: Bank transfers, Crypto.

    ICRYPEX Deposit and withdrawal options vs competitors

    ICRYPEX OKX Coinbase
    Bank transfers
    Yes
    No
    Yes
    Bank card
    No
    Yes
    Yes
    Crypto
    Yes
    Yes
    Yes
    PayPal
    No
    No
    Yes

    What is ICRYPEX minimum deposit?

    The minimum deposit at ICRYPEX is 10 USD/USDT or 5 BTC. The minimum trade size is 10 USD/USDT, which also serves as the minimum amount required to start trading on the platform.

    ICRYPEX minimum deposit vs competitors

    ICRYPEX OKX Coinbase
    Minimum deposit, USD or USDT 10 10 10
    Minimum deposit, BTC 5 5 1
    Minimum trade amount, USD/USDT 10 1 2

    Does ICRYPEX support fiat money?

    ICRYPEX supports fiat currency trading and account funding. The following fiat currencies are accepted: EUR, TRY.

  • Supported Coins & Markets

    Score:
    Evaluates the range of available cryptocurrencies, fiat currencies, and markets, as well as investment tools like staking, farming, and other yield options. Read more in the Methodology section.
    3 /10

    ICRYPEX received a score of 3/10 in this category, indicating a modest offering of assets and markets. While ICRYPEX covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.

    • Staking available
    • Fiat currencies supported
    • Only 155 supported coins
    • No TradFi perpetual futures trading

    ICRYPEX supported coins and markets vs competitors

    We compared ICRYPEX with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.

    ICRYPEX OKX Coinbase
    Supported coins 155 600+ 400+
    Futures/Perpetual contracts
    No
    Yes
    Yes
    Options
    No
    Yes
    No
    NFTs
    No
    Yes
    Yes
    Tokenized Assets Digital tokens representing real-world assets, such as stocks, bonds, commodities, or real estate.
    No
    Yes
    Yes
    TradFi Perps Perpetual futures contracts linked to traditional financial assets, such as stocks, indices, or commodities.
    No
    Yes
    Yes
    Prediction Markets Markets where users trade contracts based on the outcomes of future events.
    No
    No
    No
    Other Assets
    No
    No
    Pre-IPO

    ICRYPEX passive income options vs competitors

    We also compared ICRYPEX with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.

    ICRYPEX OKX Coinbase
    Staking
    Yes
    Yes
    Yes
    Yield farming
    No
    Yes
    Yes
    Copy trading
    No
    Yes
    No
  • Customer Support

    Score:
    We evaluated Customer Support at ICRYPEX based on the availability of live chat, email, phone support, ticket systems, help center resources, 24/7 assistance, multilingual support, and response time. Our assessment focuses on support accessibility and responsiveness. Learn the assessment criteria
    5 /10

    ICRYPEX offers a moderate level of customer support, covering basic communication channels and assistance options.

    In TU testing, the exchange showed mixed results in support accessibility and responsiveness. Certain limitations in contact options, availability, or support resources may make it less convenient for users requiring immediate assistance.

    • Support ticket system available
    • 24/7 customer support available
    • Multilingual customer support
    • Email support unavailable

    ICRYPEX Support Channels vs Competitors

    ICRYPEX OKX Coinbase
    Live Chat
    Yes
    No
    Yes
    Email Support
    Yes
    No
    No
    Phone Support
    Yes
    No
    No
    Ticket System
    Yes
    Yes
    Yes
    24/7 Support
    Yes
    Yes
    Yes
    Help Center / FAQ
    Yes
    Yes
    Yes
    Multilingual Support
    Yes
    No
    Yes
    Contacts
    Registration address Maslak Mah. Maslak Meydan Sok. Spring Giz Plaza N:5/57 34398 Sarıyer/İstanbul
    Official site https://www.icrypex.com/tr
    Contacts info@icrypex.com 8800 200 5122

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