Ice3x.co.za (also known as iceCUBED exchange or iceCUBED bitcoin exchange) is a cryptocurrency exchange from South Africa. To knowledge, iCE3X are US-investor friendly meaning that they do not prohibit US-investors from trading. US-investors should as always still do their own independent assessment of any problems arising from their residency or citizenship.
Ice3x.co.za also states that the platform is designed to fit the screens of all popular devices such as tablets, smart phones and regular computers. You can test it by resizing your browser window. This can of course be an advantage if you prefer to do your trading on anything other than desktop. Also, the exchange promises that it is carefully developed to look “sharp” with new generation HiDPI /Retina devices.
|Withdraw Amount||0.0006 BTC|
How To Start With Ice3x.co.za
To start trading with Ice3x.co.za,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 Ice3x 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 Ice3x.co.za account.
Ice3x.co.za Trading fees
Ice3x.co.za trading platform doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. The flat trading fee is 0.50%. 0.50% is roughly twice the global industry average. The global industry average is arguably around 0.25%. Any prospective investor should consider whether this exchange has a strong offering to investors in other respects that outweighs the disadvantage of this somewhat higher trading fee.
Many exchanges also have volume based discounts on their trading fees, meaning that if you trade above a certain volume each month/year, you receive trading fee discounts. iCE3X has this as well. If your monthly trading volume exceeds 1 BTC, your trading fees will be 0.35% flat. If your monthly trading volume exceeds 100 BTC, you trading fees will be 0.25% flat.
iCE3X Withdrawal fees
iCE3X has a percentage based withdrawal fee. This means that they charge you a percentage of the withdrawn amount when you want to withdraw. Their percentage charged is 0.50%. They also have minimum withdrawal amounts, but these vary from cryptocurrency to cryptocurrency. For Bitcoin, the minimum withdrawal amount is 0.0006 BTC.
This is an unusual withdrawal fee model, but it is not unheard of. Most exchanges have a fixed withdrawal fee, regardless of the size of the withdrawn amount. In addition to this exchange, only the following have percentage based withdrawal fees (from lowest to highest): SouthXchange (0.04%), FatBTC (0.05%), Digax (0.10%), ExcambioRex (0.10%), BitINKA (0.15%), RippleFox (0.20%), OOOBTC (0.50%), BCEX (0.50%), DOBI Trade (0.50%), LEOxChange (1.00%) and Trustdex (1.00%).
Ice3x.co the fee model that this exchange has, when you withdraw small amounts, it is beneficial to you. If you withdraw 0.01 BTC, the withdrawal fee becomes 0.00005 BTC (extremely low). However, if you withdraw 10 BTC, the withdrawal fee becomes 0.05 BTC (extremely high). Each investor should consider whether this withdrawal fee model would be appropriate for them based on their own individual circumstances.
Ice3x.co.za , you can deposit through both wire transfer if you are from South Africa or Nigeria. This can be helpful particularly for newer crypto investors. iceCUBED X is your ideal trading partner to BUY or SELL bitcoin in South Africa. Account registration is quick and easy and awesome support team are ready to assist you with any queries you may have.
Concerning its security, the exchange uses two-factor authentication, has staff that checks suspicious transactions manually, has a strict AML policy and keeps all user funds offline in cold storage. Overall ICE3X is a secure exchange that carries out regular security updates.