Review on Crex24 by Max Artmann

Name: Crex24
Item: Crex24
Rating: 3

April 21, 2020

Beginner Friendly, good exchange with one big problem

Crex as it is a very nice exchange with a very good trade engine as well as a very clear User Interface. It is a beginner friendly exchange with many listed Coins and a Fiat Integration which makes it to one of the leading exchanges for altcoin trader. 
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But if it's such a good exchange, why am I givin 'only' 3 Stars?
A Crypto exchange is built on the trust of it's community and if you don't trust an exchange you won't use it. A key principle for trust is good and clear communication, and Crex isn't always capable to provide that. There were several times in the past, where users did not know what was going on with Crex. One time many wallets were going offline and Crex wasn't reacting for several days, there were rumors about an exit scam and so on. Also in their Discord there were no response from the Team. A second aspect is the introduction of the KYC. Don't get me wrong, it is not because of the KYC, but it is the style how they introduced it. They said there will be a KYC for all EU Users from 1.1.2020, but than never happened, now, since one month some Users are getting KYC prompts from one day to another. To access the funds you have to pass the KYC. In my eyes also here there is a lack of trust as we don't know who and why you have to pass the KYC.
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To Sum Up
Crex is a good exchange, without question, and the pros overweigh the Cons, for daily trades the exchange can be recommended without problem. And if they improve the Communication it will be one of the best crypto exchanges in my eyes
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Pros

Coins - Crex has listed many Coins which brings the advantage, to have one exchange where you can trade many Coins
Interface - Crex has a very user friendly clean Interface with a good performance and a very intuituve design
Withdraw - Withdrawals are normally processed very fast
Translations - The Website is available in 30 different languages which makes it very user friendly for international customers
Fiat integration

Cons