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
- 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.
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has a daily trading volume of $21 million and offers over 30 cryptocurrencies that can be bought with fiat money and withdrawn to a bank account or card.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.
TU Expert Verdict
TimeX 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.
Top-5 Crypto Exchanges Traders Prefer
TimeX User Reviews
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TimeX 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.7.5 /10TimeX received a 7.5/10 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 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. 0.1 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. 0.1 0.22 0.2 0.194 What are TimeX 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, % 0.0005 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 TimeX MaiCoin MAX BTSE P2P maker fee (%) 0,1 0,1 0,01 P2P taker fee (%) 0,1 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 Methodology9.8 /10TimeX 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.
- Government-regulated
- Cold wallet storage
- Tier-1 regulation
- 2FA
- No successful hacks history
- Not U.S regulated
- No facial recognition
- No investor protection fund
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 Security Factors TimeX Coinbase Kraken Tier-1 regulation YesYesYesGovernment-regulated YesYesYesInvestor protection fund Provides compensation to users in case of financial loss due to unforeseen circumstances on the platform. NoYesNo2FA YesYesYesFacial recognition NoNoNoCold wallet storage The majority of user funds are held offline, reducing vulnerability to online attacks. YesYesYesSuccessful hacker attacks We review publicly available information on past security breaches to assess the exchange's security track record. NoYesNoIs TimeX 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.
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.
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.
Is TimeX available in the USA?
TimeX is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: Coinbase, Kraken, OKX .
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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.6.5 /10TimeX 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.
- Bank cards accepted for instant deposits
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- Bank transfers for deposits and withdrawals
- No Google Pay option
- Withdrawal fee applies
- 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 Coinbase Kraken Bank transfers YesYesYesBank card YesYesYesCrypto YesYesYesPayPal NoYesYesWhat is TimeX minimum deposit?
The minimum deposit at TimeX is 100 USD/USDT or 1 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 Coinbase Kraken Minimum deposit, USD or USDT 100 10 10 Minimum deposit, BTC 1 1 1 Minimum trade amount, USD/USDT 20 2 1 Does TimeX support fiat money?
TimeX supports fiat currency trading and account funding. The following fiat currencies are accepted: USD, AUD.
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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.1.5 /10TimeX received a score of 1.5/10 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
- Yield farming not available
- Copy trading 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 Coinbase Kraken Supported coins 10 400+ 400+ Futures/Perpetual contracts NoYesYesOptions NoNoNoNFTs NoYesYesTokenized Assets Digital tokens representing real-world assets, such as stocks, bonds, commodities, or real estate. NoYesYesTradFi Perps Perpetual futures contracts linked to traditional financial assets, such as stocks, indices, or commodities. NoYesYesPrediction Markets Markets where users trade contracts based on the outcomes of future events. NoNoNoOther Assets NoPre-IPO Forex, IPO 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.
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Customer Support
Score:We evaluated Customer Support at TimeX 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 criteria3.3 /10TimeX provides below-average customer support, with noticeable limitations in communication channels, service availability, or additional assistance resources.
During TU testing, the exchange received a relatively low score for support accessibility and responsiveness. Users may face difficulties obtaining timely assistance with account access, deposits, withdrawals, or trading-related issues.
- 24/7 customer support available
- Customer support available through standard contact channels
- No dedicated help center
- No dedicated support ticket system
TimeX Support Channels vs Competitors
TimeX Coinbase Kraken Live Chat NoYesYesEmail Support YesNoNoPhone Support NoNoNoTicket System NoYesYes24/7 Support YesYesYesHelp Center / FAQ NoYesYesMultilingual Support NoYesYesContacts Foundation date 2018 Registration address 155-159 William St, Darlinghurst, New South Wales Official site https://timex.io/ Contacts info@chronobank.io
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