Paritex Cryptocurrency Exchange Review: It Is Safe Or Legit Exchange?

by Cws Team
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About Paritex Cryptocurrency Exchange

They also offer trading in a few more exotic altcoins. The Paritex cryptocurrency Exchange platform was established in 2019, having its headquarters located in Turkey. The exchange platform offers its clients major cryptocurrencies such as Ripple, Bitcoin, Tether, and Ethereum in the market. Paritex has also listed some foreign altcoins for their clients to trade on their platform.

Paritex was established by a group of professionals to build a creative and simple strategy for trading in the cryptocurrency world. The exchange platform aims to offer its services to traders and investors around the world. However, It is uncertain if Paritex allows US traders to invest in their platform because of SEC regulations. But having gone through the platform’s Terms and Conditions, they could not find any detailed refusal of US traders. 

Operating Company 

Exchange NameParitex
Support24/7
LanguageEnglish
Deposit FeeFree
Withdraw Fee0.0008 BTC
Maker Fees0.15%
Official SiteHomepage

How To  Start With Paritex Exchange

To Start Trading With Paritex Exchange 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 Paritex 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 Paritex .

Paritex Trading fees

Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Many exchanges divide between takers and makers. Takers are the one who “take” an existing order from the order book.

Paritex charges what they call flat fees, meaning that both the takers and the makers pay the same fee: 0.15%. These taker fees are quite in line with the industry average for centralized exchanges. Industry average has hsitorically been around 0.20-0.25% but they now see new industry averages being around 0.10%-0.15%.

Paritex Withdrawal fees

Paritex charges a withdrawal fee of 0.0008 BTC per BTC-withdrawal. The current global industry average is 0.000643 BTC per BTC-withdrawal according to this report, so Paritex’s BTC-withdrawal fee is a bit above the average here. 

Deposit Methods

In addition to depositing cryptocurrency to the platform, Paritex also lets you deposit fiat currency. However, only through wire transfer (not credit or debit card). If you need an exchange accepting credit or debit card deposits, just use the Exchange Filters and you’ll find one in no time at all.

Seeing as fiat currency deposits are at all possible at this trading platform, Paritex qualifies as an “entry-level exchange”, meaning an exchange where new crypto investors can start their journey into the exciting crypto world.

Keeping Your Cryptocurrency Safe

Hot & Cold Wallets

95% of all deposits are kept in offline, air-gapped, geographically distributed cold storage. We keep full reserves so that you can always withdrawal immediately on demand.

For All User Accounts

They conduct regular security audits of the stock exchange together with partners experienced in the field of cryptocurrencies. Thanks to this, we actively prevent attacks on the infrastructure.

95%

All sensitive account information is encrypted at rest at both the system and data level. Access is strictly controlled and monitored.

7/24

They constantly monitor all operations on the stock market in search of unusual situations to detect and block attempts to take over user accounts.

Active monitoring of operations

They constantly monitor all operations on the stock market in search of unusual situations to detect and block attempts to take over user accounts.

Two-factor authentication

They have an expert team dedicated to testing the own systems via every imaginable attack vector.

2FA

All accounts are secured with two-factor authentication, which significantly increases their security.

Customer Support

The Paritex exchange platform delivers incredible and quick support to all its customers. In the situation where clients have some complaints and questions to ask, they can always contact the exchange’s representatives as they are available 7 days a week and 24 hours a day. You can always find their contact information on the platform’s website.

Disclaimer:

Not All The Websites Which Listed In Top List Are 100% Safe To Use Or Investment. We Do Not Promote Any Of Those. Due Diligence Is Your Own Responsibility. You Should Never Make An Investment In An Online Program With Money You Aren’t Prepared To Lose. Make Sure To Research The Website. So Please Take Care Of Your Investments. And Be On The Safe Site And Avoid Much Losing Online.

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