idex2 review 2021

 

Founded in 2021 by Star XU, Idex2 is a cryptocurrency and digital assets exchange that splits opinion. The exchange’s impressive roster of investors includes VenturesLab, co-founded by Tim Draper, a well-known American Venture Capitalist and cryptocurrencies proponent who has made a string of successful early-stage investments in companies such as Hotmail, Tesla, and Baidu. Other investors include notable Chinese VCs including Ceyuan Ventures, Longling Capital, and the Giant Network Group.

The Idex2 Token was born out of Idex2 as a brand targeted at more advanced cryptocurrency traders. Idex2 is the simpler exchange and focuses on pure buying and selling of cryptocurrencies and ICO tokens, while idex2 offers a more sophisticated offering that has more in common with traditional financial securities exchanges.

In a move that mirrors that of other major exchanges such as Binance and Huobi Pro, Idex2 also launched their own ‘utility token’ cryptocurrency in early 2021.You can swap at pancakeswap. The token can be used to settle trading fees on the exchange platform or to pay for “exclusive services including dedicated customer support and enhanced API rate limits”. Proprietary utility tokens appear to be the latest trend for cryptocurrency exchanges, a pattern sparked by Binance’s ICO rocketing the exchange into the biggest internationally within a month of its launch.

Idex2 is rumored to have ambitions to launch its own BSC - BEP20 public Blockchain platform though no official announcement.

Exchange Platform 

The Idex2 exchange platform is available both in-browser and in the form of desktop. Because trading platforms are relatively heavy, downloadable software that takes most of the strain means avoiding the risk of a browser running into memory and processing difficulties and potentially freezing. The more professional nature of Idex2 exchange platform also means that it places more demand on hardware than the average cryptocurrency exchange.The exchange platform itself is well designed and resembles high quality traditional financial markets trading platforms. 

Exchange Markets

The Idex2 exchange offers the standard crypto-to-crypto trading most common for cryptocurrency exchanges as well as fiat to cryptocurrency trading. The exchange supports well over a thousand of cryptocurrencies and tokens with the regular addition of new options.

Support

Idex2 offers customer support through a phone line as well as an email-based ticketing system and several messaging apps and social media channels. Feedback on support levels is mixed with some complaints online around slow response rates or failure to resolve problems. Generally, it would appear that the exchange is quite inflexible in its systems and approach but users who understand this and act accordingly report few problems.

Conclusion

Idex2 is a well-backed exchange with significant global ambitions. For more experienced traders there aren’t many cryptocurrency exchanges that offer the kind of professional trading platform with the functionalities and trading formats usual for big, financial exchanges in traditional markets that Idex2 does. Low trading fees are another big plus that will appeal particularly to more experienced traders.

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