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Is VinDAX a Good Crypto Exchange for Beginners?

Updated: November 25, 2023
Mikhail Vnuchkov
Contributor
Opinions expressed by Traders Union Contributors are their own.
Reviewed by
Olga Shendetskaya
Editor
Official VinDAX
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Table of Contents

  • Summary
  • Pros and cons
  • What is a Good Crypto Exchange
  • Trading Conditions
  • Commissions and Fees
  • Investment programs
  • Conclusion
  • FAQs
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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 VinDAX is a good crypto exchange to start trading with. In this article you will learn whether VinDAX is good for beginners, what its pros and cons are and what a novice trader needs to know.

Short summary about the broker VinDAX

The VinDAX exchange is a popular cryptocurrency and coin trading platform with its proprietary VD token that saves on trading fees. Bitcoin (₿), Litecoin (Ł), Tether (₮), Ripple, and dozens of other cryptocurrencies and coins are available for trading on the exchange; and the list is regularly updated due to the open listing. Commissions are lower than the market average — initially 0.1% on the first trading level for taker/maker. In addition to the trading terminal in the browser, the exchange has its mobile application. One of the key advantages of the platform is its developed community infrastructure. It has a large blog with high activity and several dozen Telegram channels for communication between traders in different languages. It also has separate communication channels with technical support specialists who work 24/7. Registration is free and there is no minimum deposit.

💰 Account currency: Cryptos
🚀 Minimum deposit: No
⚖️ Leverage: No
💱 Spread: Market
🔧 Instruments: Cryptos
💹 Margin Call / Stop Out: No

VinDAX Pros and Cons

👍 Advantages of trading with VinDAX:

•many cryptocurrencies and coins are available for trading;

•the exchange has its own VD coin, which gives a discount on commissions;

•Trading fees are lower than the market average;

•Many deposit and withdrawal options are available;

•the trading terminal is easy to use;

•Application for mobile trading (iOS/Android);

•Regular promotions and contests with money prizes;

•API for integration of the trading application into the platform;

•high efficiency of technical support;

•blog and Telegram channels in different languages.

👎 Disadvantages of VinDAX:

•no referral program;

•no fiat currency;

•no investment solutions.

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 VinDAX Users

Before you start working with an exchange, it is important that you evaluate its trading conditions. VinDAX offers traders the following conditions.

💻 Trading platform: TradingView (built-in)
📊 Accounts: Standard
💰 Account currency: Cryptos
💵 Replenishment / Withdrawal: Bank cards, crypto, and e-wallets
🚀 Minimum deposit: No
⚖️ Leverage: No
💼 PAMM-accounts: No
📈️ Min Order: From 0
💱 Spread: Market
🔧 Instruments: Cryptos
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: Yes
➕ Affiliate program: No
📋 Orders execution: Not indicated
⭐ Trading features: Many crypto-crypto pairs, low commissions even for beginners; VD token, which gives a discount on commissions; high stability and speed; no investment and referrals
🎁 Contests and bonuses: Yes

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 VinDAX commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.

Information

The standard trading fee is 0.1% for taker and maker. This is the commission without rebates for a beginner who has a zero trading level. The trading level is determined by the amount of VD tokens the exchange client holds in his account. There are a total of 4 trading levels (including zero):

  • 0 VD — 0.1%/0.1% for maker/taker;

  • 1 to 50,000 VD — 0.09%/0.09% for maker/taker;

  • 50,000 to 100,000 VD — 0.08%/0.08% for maker/taker;

  • From 100,000 to 200,000 VD — 0.07%/0.07% for maker/taker.

For active VD trading, you can get an additional discount. With the discount, the amount of commission will be 0.08% on the zero level; 0.07% on the first level; 0.06% on the second level; and 0.05% on the third level. The commission is equal for takers and makers.

Account type Spread (minimum value) Withdrawal commission
Standard Up to 0.1% per order Yes

Investment programs of VinDAX

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. VinDAX offers the following passive income options.

Investment Programs, Available Markets, and Products of the Crypto Exchange

The VinDAX cryptocurrency exchange does not provide investment programs to its clients. Users have no opportunity to earn in any other way than actively trading cryptocurrency pairs. However, experts predict that since the site is actively developing, investment programs will soon come.

Important!

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.

VinDAX’s affiliate program:

Customers of the VinDAX crypto exchange cannot earn from invited users. Inviting their friends and acquaintances to the platform will not get them any bonuses or benefits. The absence of an affiliate program can be seen as an indicator of the company's confidence in its future because it does not seek to additionally motivate the influx of new customers.

Conclusion. Is VinDAX good for beginners?

The VinDAX 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, VinDAX could be considered as a good cryptocurrency exchange for a start.

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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.

Team that worked on the article

Mikhail Vnuchkov
Mikhail Vnuchkov
Author at Traders Union

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.

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Olga Shendetskaya
Olga Shendetskaya
Author and editor at Traders Union

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.

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