Cryptox.pl is a Polish cryptocurrency exchange, where US-investors can also trade. Poland is alongside the United Kingdom one of Europe’s most prominent cryptocurrency exchange countries. In addition to this exchange, Poland is also the home country of BitMarket and Coinbe (to mention a few).
Cryptox is a relatively small cryptocurrency exchange that offers trading in several altcoins against BTC with competitive fees. Full account activation can be made via email or two-factor authentication (2FA). So, ID verification is not required and you can trade anonymously.
How To Start With Cryptox.pl
To start trading with Cryptox.pl ,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 Cryptox.pl 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 Cryptox.pl account.
Cryptox Trading fees
The most important lesson to learn when it comes to picking the best cryptocurrency exchange site is that you must always check the fees. 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. The maker-taker model normally encourages market liquidity by rewarding the makers of that liquidity with a fee discount.
Cryptox Withdrawal fees
The exchange charges a withdrawal fee amounting to 0.0003 BTC when you withdraw BTC. This fee is below the industry average and constitutes a competitive advantage. You can also choose to pay 0.001 BTC for “express withdrawal” in order to have your withdrawal executed faster.
This exchange does not allow any other deposit than the deposit of cryptocurrencies, so new crypto investors are actually restricted from trading at this cryptocurrency exchange. If you don’t have any crypto but want to start trading here, you will first have to purchase cryptocurrencies from another exchange and then, as a second step, deposit them here.
Relatively Good platform
The web-based platform provided by Cryptox is very simple and easy to use. It looks a bit odd and outdated, but is actually fast and stable. It has an order book and some basic charting.
Cryptox has listed Litecoin, Dash, Monero, Zcash, Komodo, Byteball Bytes and BitConnect. Those can be traded against Bitcoin. In addition, one can exchange BitConnect for Byteball Bytes. By the time of writing this review, the most actively traded pairs on Cryptox are GBYTE/BTC and LTC/BTC
100% Customer Support
The customer support at Cryptox.pl is above what most cryptocurrency exchanges are able to offer. Apart from the detailed FAQ offered, there are several other methods which you can use to request assistance from the customer support team. They include support ticket, Fax, and telephone support.
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