Review on STEX by Olugbenga Ajayi
I love the verification procedure of Stex exchange
Stex exchange is a cryptocurrency only exchange. It is available for the exchange of cryptocurrencies, stable coins and altcoins so if you are thinking of exchanging flat Currencies, Stex exchange is a wrong choice. At least it supports up to 514 coins altogether. It is a registered exchange under the Estonian financial regulatory bodies.
The exchange score 'B' if I am to rate them on the security as it provides the best security, first by subjecting users to rigorous verification process usin cryptonomica resources and also by requiring all necessary documents including driver's license and passport. I believe this is an act in the right direction to sieve out fraudulent traders.
It also secured with 2FA which nnect the users email to his platfom account. It also uses cryptocurrency security standard (CCSS).
Since they are only cryptocurrency exxhange, the deposit methods does not include bank wire but credit and debit cards are accepted. Cryptocurrency deposit is equally permitted.
My only fear is that a trader that is not serious enough and beginners may not patronize the exchange due to the high demanding verification procedure.
Pros
- The platform is well designed and offers user the freedom of rearranging assets in alphabetical order. Every tabs and menu are well positioned
- Stex exchange is enviable in term of fees charged on trading. They offer the best obtainable in the industry by charging as low as between $0.05-$0.10 for both makers and takers
- The exchange is full registered in Estonia
- Uses very strong algorithm to develop their platfom such that speedy and stable trading can be achieved
- It provides regular up to date information on the platform
- FAQ section offers information on all operations available on the platform
Cons
- It does not offer margin trading
- It doesn't support flat Currencies
- Traders that are not serious and determined may not be able to use the exchange due to the rigorous verification process that may even cost money sometimes.
