KickEX 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
- $30
- WebTrader
- Mobile Apps
- Variable value of the commission rate, no fiat+crypto pairs
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
- $30
- WebTrader
- Mobile Apps
- Variable value of the commission rate, no fiat+crypto pairs
Our Evaluation of KickEX
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
KickEX is a high-risk cryptocurrency exchange with the TU Overall Score of 2.61 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by KickEX clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. KickEX ranks 171 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
The KickEX conditions are suitable for both beginners and experienced traders who invest their own capital into transactions. The exchange will also be of interest to passive investors who prefer to earn on staking, and traders focused on rewards from affiliate programs.
Brief Look at KickEX
The KickEX exchange is part of the Kick Ecosystem, which was launched in 2017. The KickWallet was introduced at the beginning of 2020, and a few months later, the KickEX crypto-currency trading exchange. As for spot trading, it offers its clients more than 40 tokens and coins, including BTC, ETH, LTC, XRP, BNB. The stablecoins are represented by BUSD, USDT and USDC. Fiat currencies and margin trading on KickEX are not available. On the exchange, you can earn passive income by staking digital coins and using the affiliate program.
- there is no requirements for a crypto-currency deposit;
- favorable conditions for depositing and withdrawing funds such as depositing without commissions and withdrawal with payment of network fees only;
- the possibility to make profit by staking digital coins;
- low transaction commissions even with a small trade turnover;
- a wide selection of pairs with popular cryptocurrencies such as BTC, ETH and USDT;
- functional trading platforms with versatile TradingView charts;
- cashback of trading commissions, availability of bonuses and discounts on exchange fees.
- at the moment, the exchange does not offer leverage;
- deposits of fiat currencies can only be made through a third-party Mercuryo platform, which withholds a payment processing fee;
- there is no possibility of withdrawing fiat funds from the exchange to cards and a bank account.
TU Expert Advice
Financial expert and analyst at Traders Union
The KickEX exchange has been operating since May 2020 and currently offers platforms for trading and investing in cryptocurrencies, as well as complete ecosystem combining many useful services. These include the KickRef referral network, the KickWallet wallet, and the KickID unified login system. The Kick Ecosystem includes the KickICO crowdfunding platform, the KickPay crypto-currency and fiat acquirer, the KickAcademy educational and analytical platform, etc.
The exchange has two proprietary tokens. The main KickToken (KICK) can be used both for trading and for passive earnings through staking (i.e. holding in a wallet). The additional KickEX Exchange Token (KEX) is intended for payments of cashback from trading commissions and for unlocking frozen KICK coins. The function of margin trading on the KickEX is under development. The exchange plans to launch it in the fall of 2022.
You cannot buy crypto-currency on the KickEX directly by using a bank card. However, traders who have passed KYC verification are allowed to do this through the Mercuryo payment partner. At the same time, you cannot deposit less than $30. Also, daily, weekly and monthly amount limits are set. At the moment, KickEX does not provide the opportunity to withdraw funds to cards and bank accounts. The exchange offers 55 pairs of cryptocurrencies with USDT, BTC and ETH, including 3 pairs with a KICK coin for trading.
KickEX Summary
| 💻 Trading platform: | Mobile App, WebTrader |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | cryptocurrencies, USD, EUR and other fiat currencies |
| 💵 Replenishment / Withdrawal: | No |
| 🚀 Minimum deposit: | There are no requirements for cryptocurrencies, and the limit for fiat when using Mercuryo is 30 USD |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | cryptocurrencies, bank cards through a Mercuryo intermediary |
| 💱 Commission: |
For makers: -0.01% - 0.15% For takers: 0.01% - 0.2% |
| 🔧 Instruments: | Crypto-currency pairs with BTC, USDT and ETH |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Limit, Market, Stop, Trailing Stop, Double Stop |
| ⭐ Trading features: | Variable value of the commission rate, no fiat+crypto pairs |
| 🎁 Contests and bonuses: | Welcome bonus, Reward Point, cashback commissions, trading contests |
The exchange offers a wide range of pairs with Bitcoin, Ethereum and USDT stablecoin. Trading can only be performed using your own funds and without leverage. The amount of commission per transaction for takers and makers depends on the trade turnover and the use of the service token of the exchange in the payment transactions.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | For a transaction of 10,000 USD with a turnover of up to 100,000 USD: 15$ — Maker 20$ — Taker |
Network fees applied |
The comparison table clearly shows how competitive the KickEX commissions are in comparison with the fees charged by other crypto-currency exchanges.
| Broker | Average commission | Level |
|---|---|---|
|
$17.5 | |
|
$6 | |
|
$20 |
Investment Options
On the KickEX, you can earn passively, without making transactions. The exchange charges interest income for holding certain tokens in the wallet. Also, its clients can make a profit if they invite referrals who will actively trade on the KickEX platform.
Passive profit from holding cryptocurrencies
The KickEX offers flexible staking. This means that a trader can use coins that participate in the APY (Annual Percentage Yield) annual interest rate accrual program. That is, cryptocurrencies stored in the wallet can be used for trading at any time. Currently, KickEX allows you to make profit by staking three tokens, namely KICK, KISHU and SAFEMOON (SFM). The history of accruals is displayed in the user's Personal Account.
Staking conditions:
the interest is accrued daily at 09:00 (UTC+3) and is estimated taking into account the minimum balance of funds for the last day;
the annual APY rate ranges from 2% to 20%: the higher the lock time (holding/locking), the higher the APY;
the reward for staking cryptocurrencies is accrued in any case, even if the coins are reserved in limit orders;
the minimum amount of accruals is 0.0000000001 KICK or equivalent.
Minimum deposit requirements are set for each crypto-currency on which interest income is accrued. So, the KickEX clients can start with investments of 10,000 KICK, 20,000,000,000 KISHU and 15,000 SFM. If a trader does not withdraw income within a day after its accrual, the exchange reinvests it and uses it in estimating profits for the next calendar day.
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.
KickEX affiliate program
There is a multi-level referral KickRef program. According to it, for a 1st level referral, a partner receives 20% of its trading commission. In overall, there are 4 levels available, which in total can bring the partner a reward of up to 50% of the trading commission. If the referral deposits at least $10 in any crypto-currency to the balance, then it receives $20 in the equivalent of a Reward Point, and the referrer receives $5.
In the near future, the KickEX plans to add two more partnership types — a Cost Per Action (CPA) program for retail traders and a White Label for companies and institutional clients.
User Satisfaction