Is STEX 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 STEX is a good crypto exchange to start trading with. In this article you will learn whether STEX is good for beginners, what its pros and cons are and what a novice trader needs to know.
Short summary about the broker STEX
The STEX (Spot Trading Exchange) exchange is a platform where you can exchange and trade cryptocurrencies where all popular cryptocurrencies and tokens are available for exchange, as well as several dozens of fiat funds. Transactions can be carried out via direct payment by bank card. Pairs with Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), LINK, DAI, and a variety of other cryptocurrencies and tokens are available for limit and stop-limit order trading. The exchange has low trading fees (up to 0.2%), which depend not on the volume of trades, but on the type of service that the client used for verification. There are no demo accounts or training materials, but there is no minimum deposit either. There is a profitable referral program. Also, the site offers a unique program of investment in the blockchain project called Jointer with daily payments.
| 💰 Account currency: | Cryptos and tokens |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptos and tokens |
| 💹 Margin Call / Stop Out: | No |
STEX Pros and Cons
👍 Advantages of trading with STEX:
•loads of cryptocurrencies and tokens to trade and exchange for fiat currencies;
•2FA authentication, PGP key, and web authentication;
•customer funds are kept cold and segregated;
•availability of TradingView terminal and mobile trading application;
•IP whitelisting, log in via Google, Microsoft, or Linkedin;
•less than one-second order processing;
•off-the-charts stability;
•high-profile advanced charting features;
•referral payments: 25% of partner's trading fees;
•opportunity to reduce commissions to 0.1%;
•no withdrawal limits (only for L1 tier).
👎 Disadvantages of STEX:
•no demo account or solutions for beginners;
•no call center, the connection with the technical support is by email only;
•no information about the license of the company.
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:
-
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.
-
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.
-
Availability of a simple method to buy cryptocurrencies. An exchange service or a P2P exchange would be an advantage for an exchange.
-
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.
-
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.
-
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 STEX Users
Before you start working with an exchange, it is important that you evaluate its trading conditions. STEX offers traders the following conditions.
| 💻 Trading platform: | TradingView (in browser) |
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptos and tokens |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptos and tokens |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Not indicated |
| ⭐ Trading features: | Most popular cryptocurrencies and tokens, no fiats, exchange service, standard referral program, profitable investment program with a reserve fund, and no minimum deposit |
| 🎁 Contests and bonuses: | Not indicated |
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 STEX commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.
Trading operations fees on STEX are fixed. They do not depend on the volume of trading and other factors within the platform or market. The fees are determined at the start of the verification option (data confirmation). The following options and their corresponding commissions are available:
-
Level 1 (L1) - 0.2% for users verified through the site service (withdrawal limit — up to $500,000 per day);
-
Level 2 (L2) - 0.15% for users verified via STEX, Smart-ID, or Fractal;
-
Level 3 (L3) - 0.1% for users verified through Cryptonomica.
There is only one way to reduce commissions after verification which is by using rebates from the Traders Union. But even the L1 level commission of 0.2% for a taker/maker is below average in the market segment.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | Up to 0.2% per order | Yes |
Investment programs of STEX
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. STEX offers the following passive income options.
Investment Programs, Available Markets, and Products of the Crypto Exchange
The STEX crypto exchange offers the Jointer investment program. It is a blockchain project in which the liquidity of the Defi and JNTR coins is provided by real estate. Technically, profit generation is implemented on the principle of staking. In other words, the platform develops through external investments, increasing its profitability and paying interest to investors. But the investment methodology is based on the principles of an auction, so it differs from staking in blockchain projects on other exchanges.
Every STEX user can buy a JNTR coin on the exchange and invest it in an auction. The exchange gives investors a discount on coin purchases, the discount is proportional to the total amount of coins invested. The basic yield of the program is 1% of all deposited funds, this percentage is distributed proportionally to the deposits. Bonus payments range from 15-50% per annum. The auction is launched daily. The investor can withdraw the invested funds at any time because they are not frozen.
To participate in the Jointer auction, investors must keep unlocked and unused JNTRs in their wallets with a 1:1 par value ratio. For more terms and information about the program, visit the DeFee Auctions section.
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.
STEX’s affiliate programs:
Every STEX customer can participate in the STEX referral program and receive payments for the invited users. After registration and verification in the trader’s personal account (in the "Referral program" section) your personal affiliate link will be available. It can be placed in forums, social networks, and other forums without any restrictions.
Each user who registers and verifies at STEX, previously passing the referral link, will bring the inviting trader 25% of his trading fees. The program is termless so the invited user will provide a passive income to the invited trader throughout the time that he trades on the site. The program is unlimited, hence you can invite any number of users and get paid for each of them.
Only one level of the program is provided, so the user does not receive payments for those who have been invited to the site by his partners. Referral payments are made daily, in the currency of the transaction carried out by the partner.
Conclusion. Is STEX good for beginners?
The STEX 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, STEX could be considered as a good cryptocurrency exchange for a start.
- Is FatBTC a Good Crypto Exchange for Beginners?
- Is Bitcoiva a Good Crypto Exchange for Beginners?
- Is Bitkub a Good Crypto Exchange for Beginners?
- Is Bitsgap a Good Crypto Exchange for Beginners?
- Is ProBit a Good Crypto Exchange for Beginners?
- Is Bitbank a Good Crypto Exchange for Beginners?
- Is Gate.io a Good Crypto Exchange for Beginners?
- Is Currency.com a Good Crypto Exchange for Beginners?
- Is CrossTower a Good Crypto Exchange for Beginners?
- Is VALR a Good Crypto Exchange for Beginners?
- Is MEXC a Good Crypto Exchange for Beginners?
- Is Bitrue a Good Crypto Exchange for Beginners?
- Is P2PB2B a Good Crypto Exchange for Beginners?
- Is ZT Exchange a Good Crypto Exchange for Beginners?
- Is BitFlyer a Good Crypto Exchange for Beginners?
- Is Paymium a Good Crypto Exchange for Beginners?
- Is EXMO a Good Crypto Exchange for Beginners?
- Is CoinCorner a Good Crypto Exchange for Beginners?
- Is VirgoCX a Good Crypto Exchange for Beginners?
- Is Paribu a Good Crypto Exchange for Beginners?
- Is Pionex a Good Crypto Exchange for Beginners?
- Is Coinut a Good Crypto Exchange for Beginners?
- Is BKEX a Good Crypto Exchange for Beginners?
- Is CoinMetro a Good Crypto Exchange for Beginners?
- Is BitoPro a Good Crypto Exchange for Beginners?
- Is NDAX a Good Crypto Exchange for Beginners?
- Is BingX a Good Crypto Exchange for Beginners?
- Is CoinTiger a Good Crypto Exchange for Beginners?
- Is Celsius a Good Crypto Exchange for Beginners?
- Is BitGet a Good Crypto Exchange for Beginners?
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.
Related Articles
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.