ChainEx is a South African based cryptographic money trade that permits clients to exchange Rand (ZAR) for a few computerized resources.
Right now, audit ChainEx and present a guide on the most proficient method to utilize the stage. This audit incorporates the birthplace, a stage diagram, trade expenses, confirmation necessities, and much of the time posed inquiries.
ChainEx Quick Review
ChainEx is a generally new digital money trade that runs in South Africa. The trade offers an exemplary exchanging and fast purchase stage, referral program, and dynamic exchanging expenses.
At long last, ChainEX has a speedy and less confounded confirmation framework that permits you to make sizable exchanges with just versatile check.
The stage works for clients who are looking for a South African trade with a broad rundown of bolstered digital forms of money.
ChainEX works from the surfing mecca, Jeffreys Bay, on the Eastern Cape shore of South Africa. The trade means to give you a protected, online stage that gives clients access to the absolute most noteworthy computerized monetary forms around the world.
ChainEX propelled in March 2018. From that point forward, it has offered financial specialists access to digital forms of money, for example, Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Litecoin (LTC) utilizing the South African rand as the default fiat-purchasing cash.
ChainEx Platform Overview
ChainEx as of now bolsters the South African Rand and twenty digital forms of money with more than thirty exchanging sets. Further, the trade permits enlistment and exchanging from individuals outside South Africa.
FAIT monetary forms bolstered by ChainEX:
South African Rand (ZAR)
Digital forms of money bolstered by ChainEx:
Bitcoin Cash (BCH)
USD Tether (USDT)
Essential Attention Token (BAT)
EOS, DCR, REP, SNT, BNT, CVC, STORM, PART, RVN, ZRX, UCASH, DODGE, and WGR.
Upheld Countries: South Africa (International enrollment is permitted)
Installment strategies acknowledged:
ChainEx Features and Services
chainex-south-africa-digital money trade interface
You can purchase or sell digital forms of money on ChainEx utilizing the standard trade or the snappy purchase and sell include.
ChainEx has a broad digital money trade interface with devices to empower smooth exchanging. Brokers can put in various request types like market requests, collection and dispersion orders, scaled requests, limit requests, and stop/stop-limit orders.
Brisk Buy and Sell permits you to purchase or sell computerized monetary forms in a split second on ChainEX. This element is generally for amateurs who are not keen on the propelled highlights of exchanging.
Playing out an exchange utilizing Quick purchase and sell is as basic as entering the sum you wish to purchase or sell, after which ChainEX will naturally finish a buy or deal against current market costs.
ChainEx’s referral program is intended to remunerate existing clients for welcoming new clients to the ChainEX framework by paying them a level of the exchanging expenses paid by new clients they acquaint with the stage.
This implies each time one of the clients you alluded plays out an exchange, you will be granted a level of the charge they paid on the exchange.
When you have welcomed somebody utilizing the referral program and they, thus, welcome clients themselves, you will likewise win awards from exchanging by this second degree of invitees! Winning prizes from referrals of your referrals is conceivable up to four levels.
ChainEx referral levels include:
Level 1: 16% of exchanging charge
Level 2: 8% of exchanging charge
Level 3: 4% of exchanging charge
Level 4: 2% of exchanging charge
ChainEx has various charges related with the use of the stage. Clients pay an exchanging charge and withdrawal expense on ChainEx.
In light of the 30-day exchanging volume of a client, the exchanging charge they pay is balanced. The producer and taker expense on exchanges is 0.25%. When a client has exchanged 100 BTC or more in the past 30 days, a sliding expense scale will apply.
Withdrawal charges are dynamic for the Rand and Bitcoin. In any case, pulling back different digital forms of money draw in a charge of about $1.
Here is the fee structure:
- Trading – 0.25 percent
- Trading fee for users who trade more than 100 BTC* – lower fee based on volume
- Withdrawal fee: 8.50 ZAR and 0.0005 BTC
- Withdrawal fee for other currencies: Up to 1 USD.
ChainEx Verification and KYC
Traders on ChainEx are required to verify their identity to use the exchange. The level of your verification dictates the amount of money you can withdraw from the exchange. The various levels of verification include:
- Level 0 – Email verification
- Level 1 – Mobile phone verification
- Level 2 – ID document verification
Also, verification on ChainEx is almost instant and is secured by dedicated System Administrators.
ChainEx provides timely support for traders. You can surf through a knowledge base that includes comprehensive training tutorials, a YouTube channel with video tutorials, and an informative Medium blog to find details about the exchange.
Further, you can contact the team through the monitored support ticket system or via email.
ChainEx’s dynamic trading fees lets you pay less charges while you trade more. It is a good exchange option for traders looking for extensive support for several cryptocurrencies in South Africa.