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Crypto

Exchange

KickEX

About Company

Overview

Information

Review

Summarization

KickEX

Virgin Islands (British)

2018 (7 Years)

63 Reviews

Good

3.22/5

Provided by TrustFinance

Security Information

5.00

Verification on TrustFinance

0.00

Traffic & Engagement

2.67

How our score system works?

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Security Information

SEC

Regulated

Regulated By: United States

FSA

Regulated

Regulated By: Seychelles

What are the differences in regulations for each ?

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

Security Information

SEC

Regulated

Regulated By: United States

FSA

Regulated

Regulated By: Seychelles

What are the differences in regulations for each ?

KickEX Crypto Exchange Review: A Comprehensive Guide

Overview and General Information

KickEX, established in 2017 by Anti Danilevski (the founder of KickICO, the world's first cryptocurrency crowdfunding website), presents itself as a centralized cryptocurrency exchange aiming for bank-grade security. KickICO's history is significant, having facilitated the funding of over 35 successful businesses. While specific certifications and licenses held by KickEX aren't readily publicized, the exchange emphasizes its commitment to robust security architecture. This focus on security is a key element of its appeal to traders seeking a trustworthy platform.

Products and Services Offered by KickEX Crypto Exchange

KickEX provides a range of services beyond basic cryptocurrency trading. Let's delve into the specifics:

Details of Main Products:

* **Cryptocurrency Trading:** The exchange boasts a selection of 49 cryptocurrencies and 56 trading pairs, with BTC/USDT being the most actively traded pair. This variety caters to a diverse range of trading preferences. The platform's user interface is designed for ease of navigation, making it suitable for both beginners and experienced traders. * **Fiat Gateway:** KickEX allows users to purchase cryptocurrencies using Visa and Mastercard bank cards. However, a limitation is the current unavailability of fiat withdrawals. Users must rely on third-party platforms for withdrawing fiat currency. This limitation should be considered carefully before utilizing the exchange. * **Margin/Leverage Trading:** While not yet available, KickEX has indicated plans to introduce margin/leverage trading in the future. This is a notable feature often sought by experienced traders looking to amplify their potential returns (and losses). The absence of this feature currently may be a drawback for some users.

Additional and Special Services:

* **KickICO Fundraising Platform:** Leveraging its founder's experience, KickEX offers an Initial Exchange Offering (IEO) platform. This service connects promising new projects with investors, adding another layer of functionality to the KickEX ecosystem. * **KickMessenger:** A built-in instant messaging service, KickMessenger, facilitates communication between users and allows for the sharing of large files. This enhances the overall user experience and community engagement on the platform. * **KickRef:** The KickRef referral program provides an opportunity for users to earn passive income by inviting others to join the exchange. This incentivizes user growth and strengthens the platform's community. * **KickWallet and KickAcademy:** These services complement the exchange by providing a dedicated wallet and educational resources. This holistic approach aims to equip users with the knowledge and tools necessary for successful cryptocurrency trading.

Product Features and Conditions

Several key attributes define the KickEX trading experience: * **Trading Volume:** With a reported trading volume of $10.66M and a market share of 0.01%, KickEX holds a modest position within the broader cryptocurrency exchange market. While not amongst the largest exchanges, its consistent volume indicates a degree of user activity and market presence. * **KYC Verification:** Know Your Customer (KYC) verification is mandatory for using the exchange. This regulatory compliance measure is standard practice for most reputable cryptocurrency exchanges, aiming to prevent illicit activities. * **Order Types:** KickEX distinguishes itself with innovative order types, including trailing and double stops, designed to automate trades and minimize manual intervention. These advanced tools offer a sophisticated trading experience. * **Cold Storage:** The exchange utilizes secure mosaic cold storage systems to safeguard user crypto assets. This robust security measure is crucial for ensuring the safety and integrity of user funds.

Contact Channels and Customer Support

While specific contact methods like phone numbers or physical branch locations aren't readily available, KickEX's platform accessibility via mobile and desktop devices provides a degree of user convenience. The quality of customer support isn't explicitly detailed, but the platform's design suggests an emphasis on self-service and readily available resources.

Pros and Cons of KickEX Crypto Exchange

To provide a balanced perspective, let's weigh the advantages and disadvantages:

Pros:

* **Low Transaction Commissions:** KickEX is praised for its competitive and low transaction fees, even for smaller trades. This affordability is attractive to budget-conscious traders. * **Cashback and Bonuses:** Users can earn cashback on trading commissions and receive bonuses through the use of the KickEX Exchange Token (KEX). This incentivizes the use of the platform's native token. * **Functional Trading Platforms:** The provision of versatile TradingView charts and a wide selection of cryptocurrency pairs enhance the trading experience. These tools empower users with comprehensive market analysis capabilities. * **Staking Opportunities:** The opportunity to earn interest income through staking various cryptocurrencies (KICK, KISHU, SAFEMOON) provides additional earning potential. This passively generates returns for users willing to lock up their assets.

Cons:

* **No Leverage Trading:** The absence of leverage trading is a notable drawback, limiting the trading strategies available to experienced traders accustomed to amplified trading positions. * **Limited Fiat Withdrawals:** The inability to directly withdraw fiat currency presents an inconvenience, requiring users to rely on third-party services for fiat transfers. * **Minimum Deposit Requirements:** The presence of minimum deposit requirements for certain cryptocurrencies and fiat deposits adds a barrier for users with smaller investment amounts.

Summary of KickEX Crypto Exchange Review

Who is it Best Suited For and Why?

KickEX caters to a broad spectrum of traders, from beginners drawn to its user-friendly interface to experienced traders who appreciate the innovative order types and low fees. The staking and referral programs offer appealing passive income opportunities. However, the lack of leverage and fiat withdrawal limitations might deter some traders.

Final Thoughts on Value and Choosing the Company

KickEX provides a comprehensive suite of features, including advanced order types, a rewarding referral program, and lucrative staking opportunities. However, limitations in leverage trading and fiat withdrawal options might be deal-breakers for certain users. Its overall value proposition rests on its balance of user-friendliness, security, and competitive pricing.

Frequently Asked Questions about KickEX Crypto Exchange

* **Q: What is the KickEX Exchange Token (KEX)?** * **A:** The KickEX Exchange Token (KEX) is a semi-stable token used to receive cashback on KickEX transactions and to unfreeze frozen KickTokens (KICK). It essentially acts as a utility token within the KickEX ecosystem. * **Q: How does the referral program work?** * **A:** The KickRef referral program allows users to earn passive income by inviting new users to the exchange. Referral rewards can reach up to 50% of trading commissions from referrals, with a 20% reward for the first-level referral. This program fosters community growth and rewards user engagement.