|Number of currencies handled
||Over 32 types
CPDAX Account Registration Method
- First, click “Sign Up” in the upper right corner from the CPDAX top page
- Then set up your email address and password.
- After setting the mail address and password, click “Get code”
- Since an e-mail code is sent to the registered e-mail address.
- If you click “Get code”, there is a time limit of 60 seconds, so let’s input within 60 seconds.
- Finally, check the agreement of the terms of service and check “Sign Up” and register your account with CPDAX .
CPDAX does not explicitly state that US-investors are prohibited from trading. Accordingly, they do believe that US-investors can trade here. This thought is further supported by the fact that the platform is available in the English language (denoted by an American flag). However, any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.
CPDAX Trading fees
As you might know, every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. They call makers “makers” because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers’ orders with their own.
CPDAX charges takers 0.20%. This is a fair fee, as the global industry average is 0.25%. Makers receive a 50% discount and only have to pay 0.10%, which is intended to promote the liquidity at the trading platform.
This exchange does not allow credit card deposits (but it does allow wire transfer deposits). Consequently, CPDAX is not the right place for you if you insist on using your credit card when depositing funds to your chosen cryptocurrency exchange. To find an exchange where credit card deposits are possible, you can always use Exchange Finder or use the filters in Cryptocurrency Exchange List.
CPDAX Withdrawal Fees
For exchanges that at all charge withdrawal fees (and doesn’t charge 0 withdrawal fees), CPDAX charges the absolutely smallest fee. One might wonder why they charge this fee at all. When withdrawing BTC at this exchange, you pay only 0.00005 BTC. This is way below the network fees that are always a consequence of a BTC transfer (such as a withdrawal).
CPDAX 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.