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Home CryptoCurrencies Centralized Exchange

C-patex.com Cryptocurrency Exchange Review : Two-factor authentication (2FA)

Verna by Verna
August 26, 2019 - Updated on April 21, 2020
in Centralized Exchange
Reading Time: 5 mins read
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About C-patex.com

C-patex.com is a digital asset platform, based in Argentina. It offers low-cost trading in quite a lot cryptocurrencies, in addition to the local fiat currency, ARS. In order to use C-PatEx, crypto-traders need to verify their e-mail address. To withdraw, they must verified their identity either by Two Factor Authentication (2FA) or a code sent via SMS. I

C-patex.com dentity verification via ID card and other legal documentation is required only for users who trade with ARS (Argentinian Pesos). C-PatEx also offers trading in its own shares, PATS (C-Patex shares), 50 000 of which have been released on December 1, 2017. Shareholders are paid monthly dividents in BTC.

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C-patex.com is a rarity in our Cryptocurrency Exchange List. It’s a rarity as it is one of two exchanges from the land of Argentina. The only other one is SouthXchange. The biggest country in South America when it comes to being the base of cryptocurrency exchanges is Brazil. Brazil is the home of 10 cryptocurrency exchanges listed in our Cryptocurrency Exchange List.

Operating company

Exchange name C-patex.com
Support 24/7
Deposit Free
Futures trading Present
Trading Fee No Fee
Language English
Official site https://c-patex.com

How To  Start With C-patex.com

To start trading with C-patex.com, Indian residents first have to sign up for an account by following the steps below.

Step 1. Click on the “Login/Signup” link on the top right hand corner of the C-patex.com website.

Step 2. In the form, fill in your first name, last name, mobile number, email ID and password.

Step 3. If you have a referral code, enter the code while creating your account.

Step 4. Submit the form and wait for an activation email to be sent to you.

Step 5. Click on the “confirm email” link in the activation email.

Step 6. After your account is activated, you’ll be sent a 6 digit one time password (OTP), which you have to enter after logging into your C-patex.com account.

C-Patex Trading fees

C-patex trading fees are a flat 0.20% and C-Patex’s are slightly lower (flat 0.15%). This means that C-Patex wins the “lowest trading fee”-race in its home country. 0.15% is also below the global industry average (0.25%).

C-Patex Withdrawal fees

C-patex.comfor withdrawal fees, we have not been able to find them anywhere at this exchange. This is potentially a risk for you as an investor (if they are not informed of anywhere they believe there is a higher risk that they are high). Accordingly, they strongly urge you to make your own analysis of the withdrawal fees at this exchange before depositing any funds here and before concluding that it is the best cryptocurrency exchange site for you.

Deposit Methods

There are a lot of fiat currency deposit methods available here, however, only for the fiat currency ARS (Argentine peso). This exchange does not support the fiat currencies USD and EUR. This exchange is thus an “entry-level exchange”, but only for holders of ARS.

Special features Of C-patex.com

Low fees

C-patex.com charges Both Market Takers And Market Makers with a fee of 0.15% per trade, which is comparatively low amount. By comparison, CryptoMarket, a South American Ethereum exchange, charges up to to 0.70% per trade. 

Works with fiat

Apart from the decent coin offering, C-PatEx works with Argentinian Pesos (ARS). This makes the services offered by this exchange more accessible to local novicetraders. Keep ion mind, however, that all clients of C-PatEx can trade ARS, but only citizens of Argentina are able to deposit and withdraw Argentinian Pesos.

Trusted and Secured:

C-patex.com uses multi-signature authentication and “best in-class security” to keep your funds secure 24 hours a day. Funds are kept in secure offline cold storage wallets to prevent hacking.

Fast Customer Service

C-patex.com puts a big emphasis on customer service, claiming they offer 24 hour response times and fast resolutions to your requests.

Is it safe to use C-patex.com ?

C-patex.com enforces two-factor authentication (2FA) to protect your account. So users have to verify that they actually are the account holder before they can log in. The use of 2FA means you get extra security against any hacking attempts. It also helps in decreasing the risk of identity theft.

Article Disclaimer

The Information Presented Here Does Not Constitute Investment Advice Or An Offer To Invest. The Statements, Views, And Opinions Expressed In This Article Are Solely Those Of The Author/company And Do Not Represent Those Of Coinworldstory. We Strongly Advise Our Readers To Do Your Own Research (DYOR) Before Investing In Any Cryptocurrency, Blockchain Project, Or Ico, Particularly Those That Guarantee Profits. Furthermore, Coinworldstory Does Not Guarantee Or Imply That The Cryptocurrencies Or Projects Published Are Legal In Any Specific Reader’s Location. It Is The Reader’s Responsibility To Know The Laws Regarding Cryptocurrencies And Icos In His Or Her Country. Please Respect Your Country Law & Take Advice From Your Advisor .

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Verna

Verna

One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.

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