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
- $1
- Web platform
- TIME token, staking, and fixed trading fees
Our Evaluation of TimeX
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
TimeX is a high-risk cryptocurrency exchange with the TU Overall Score of 2.78 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by TimeX 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.
TimeX is a regulated exchange for safe, fast, and completely clear cryptocurrency trading in a peer-to-peer network. It will suit both novice and advanced traders, but due to a small amount of trading assets and the absence of margin trading, it could be less interesting to professionals.
Brief Look at TimeX
The TimeX exchange is a decentralized cryptocurrency platform based on Ethereum Plasma technology. It was developed by the company Chrono.tech which is based in Sydney. TimeX works under the license issued by AUSTRAC, which is an Australian government financial agency. This exchange has a daily trading volume of $21 million and offers over 30 cryptocurrencies that can be bought with fiat money and withdrawn to a bank account or card. TimeX clients trade on a proprietary platform based on TradingView, which is available in its basic and extended versions.
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- Its license was issued by the Australian regulatory agency AUSTRAC;
- No minimum deposit requirements;
- Support of fiat currencies, i.e., American and Australian dollars;
- Simple registration procedure;
- The opportunity to start trading after the confirmation of email and phone number without the necessity to provide an ID;
- A trading platform with two interfaces: Simple for beginners and Advanced for experienced traders;
- A referral program and payment of the annual interest for staking the TIME token.
- Limited choice of cryptocurrencies;
- No trading with leverage;
- Slow performance of the support service.
TU Expert Advice
Author, Financial Expert at Traders Union
TimeX is a cryptocurrency exchange that offers trading on a proprietary web platform with two distinct interfaces catering to both novice and experienced traders. It supports over 30 cryptocurrencies, which can be bought with USD and AUD. With no minimum deposit requirement and the availability of a referral program, TimeX provides a straightforward entry point for traders, especially those interested in staking the TIME token. The exchange is regulated by AUSTRAC, ensuring adherence to Australian financial regulations.
Despite its advantages, TimeX has some drawbacks, including a limited selection of supported cryptocurrencies and the absence of leveraged trading, which may not meet the needs of more experienced traders seeking broader market opportunities. Additionally, client support reportedly suffers from slow response times. Consequently, while TimeX may be suitable for beginners or those trading a small selection of cryptocurrencies, it may not be ideal for professional traders seeking a wider range of assets or advanced trading features.
TimeX Summary
| 💻 Trading platform: | Original web platform (simple and advanced) |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | USD and cryptocurrencies |
| 💵 Deposit / Withdrawal: | Credit and debit cards, cryptocurrencies, ADVCash, OSKO, PayID, and bank transfers |
| 🚀 Minimum deposit: | 1 USD |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 Commission: | Spot: 0,1%-0,1% |
| 🔧 Instruments: | 10 supported coins, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Only through internet browsers; there are no mobile apps |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market and Limit |
| ⭐ Trading features: | TIME token, staking, and fixed trading fees |
| 🎁 Contests and bonuses: | Bonuses from the Traders Union |
There is no set deposit amount for trading in cryptocurrency pairs, but you can buy the Bitcoin with your bank card starting with at least 200 USD or AUD. The fee rates for takers and makers are fixed.
TimeX Key Parameters Evaluation
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Regulation and safety
TimeX has earned a rating of 9.75/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.
- Cold wallet storage
- Government-regulated
- No successful hacks history
- Tier-1 regulation
- 2FA
- Not U.S regulated
- No facial recognition
- No investor protection fund
TimeX Security Factors
We also compared TimeX against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| TimeX | OKX | Kraken | |
| Tier-1 regulation | Yes | No | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is TimeX a regulated crypto exchange?
TimeX 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.
TimeX is authorized or licensed in accordance with local regulations in the following regions: AUSTRAC in Australia, .
Is verification (KYC) mandatory at TimeX?
Yes, KYC verification is mandatory at TimeX. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is TimeX available?
TimeX complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Ukraine, India, Nigeria, Canada, Pakistan, Philippines, Israel, Indonesia, Kenya, UAE, Iran, Islamic republic, Bangladesh, Egypt, Sri Lanka, Saudi Arabia, Brazil, Greece, Japan, Uganda, Ghana, Morocco, Algeria, Azerbaijan, Kazakhstan, Uzbekistan, Moldova, Kyrgyzstan, Venezuela, Georgia, Tajikistan, Armenia, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact TimeX support.
Is TimeX available in the USA?
Yes, TimeX 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.
TimeX commissions and fees
TimeX received a 7.45/10 score for its trading fees. While TimeX is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are TimeX trading fees?
We analyzed TimeX’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.
TimeX trading fees vs competitors
| TimeX | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,1 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,1 | 0,22 | 0 | 0.194 |
What are TimeX deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0005 BTC 0,005 ETH |
Does TimeX offer P2P trading?
Yes, TimeX offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.TimeX P2P Fees
Deposit and withdrawal
TimeX received a 6.5/10 rating for its deposit and withdrawal services. While TimeX covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- Many cryptocurrencies for deposits and withdrawals
- Bank cards accepted for instant deposits
- Bank transfers for deposits and withdrawals
- P2P for flexible transfers
- Withdrawal fee applies
- No Google Pay option
- No PayPal option
Deposit and withdrawal options
TimeX supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto.
TimeX Deposit and withdrawal options vs competitors
| TimeX | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is TimeX minimum deposit?
The minimum deposit at TimeX is 100 USD/USDT or 0,001 BTC. The minimum trade size is 20 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
TimeX minimum deposit vs competitors
| TimeX | OKX | Kraken | |
| Minimum deposit, USD or USDT | 100 | 10 | 10 |
| Minimum deposit, BTC | 0,001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 20 | 0,00001 | 1 |
Does TimeX support fiat money?
TimeX supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
TimeX received a score of 2/10 in this category, indicating a modest offering of assets and markets. While TimeX covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Other supported products
- Copy trading not available
- Crypto options not available
TimeX supported coins and markets vs competitors
We compared TimeX 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.
| TimeX | OKX | Kraken | |
| Supported coins | 10 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
TimeX passive income options vs competitors
We also compared TimeX 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.
Contacts
| Foundation date | 2018 |
|---|---|
| Registration address | 155-159 William St, Darlinghurst, New South Wales |
| Official site | https://timex.io/ |
| Contacts |
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