CREX24 Review 2020
CREX24 is a professional cryptocurrency exchange platform that has been in operation since 2017 and offers crypto trading on multiple cryptocurrencies including Bitcoin, Litecoin, Etherum, XRP and more.
CREX24 unites a number of virtual currencies into the intuitive and user-friendly CREX24 Ultimate App, which is compatible with Android devices. The exchange offers competitive commission rates without any restrictions placed on deposits or withdrawals. They also provide 24-hour customer support.
CREX24 Review 2020, Pros & Cons
- Sophisticated mobile trading platform
- A range of trading tools
- Multiple payment options
- 24/7 multilingual customer support
- No US or UK clients
- No MetaTrader platforms
- No telephone services or live chat support
- Cryptocurrency trading only
- No stocks, commodities, or forex trading
- Limited educational resources
In this detailed CREX24 review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
CREX24 is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including CREX24.
CREX24 Review: Summary
Founded in 2017, CREX24 is a cryptocurrency exchange with a user interface that is simple and straightforward, making it suitable for both experienced and beginner traders. The CREX24 API is efficient and has an Exchange Rate Chart that allows you to perform accurate and rapid analysis of the current situation on the exchange market. The exchange values data protection and implement security procedures to try and keep its customers’ personal data and funds secure.
CREX24 offers clients a wide choice of assets for trading, including popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, NEM and many others. They provide clients with their powerful CREX24 Ultimate App, which is compatible with Android devices, and offer multilingual 24-hour customer support. The exchange brings a number of virtual currencies into one platform, offering competitive commission rates and has no limits on deposits or withdrawals. The CREX24 website is available in over 30 languages.
CREX24 Review: Regulation
CREX24 is not regulated. However, the company states that customers’ investment assets are held securely. Cryptocurrency regulation varies greatly from country to country. Some governments are so welcoming of cryptocurrency that it has even been regarded as a legal tender, while others do not accept it and may even go as far as to ban it outright.
CREX24 Review: Countries
The CREX24 service is not directed at jurisdictions where its services will be contrary to local laws. They categorically state that they do not offer their services to residents of the UK, USA, Canada, and Israel.
Some CREX24 features and products mentioned within this CREX24 review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
CREX24 Review: Trading Platforms
CREX24 Ultimate App
The CREX24 Ultimate App is their proprietary cryptocurrency exchange smartphone app for Android systems. Clients can use it for trading, making deposits and withdrawals with cryptocurrencies, using faucets, and viewing reports. The CREX24 Ultimate App is available for installation from Google Play or by downloading the CREX24 Ultimate APK from the CREX24’s website. It allows traders to manage their accounts and trade multiple cryptocurrencies such as Bitcoin, Litecoin, Etherum, XRP, and others while on the go, provided there is an internet connection.
CREX24 Review: Trading Tools
CREX24 provides clients with the Trade API, which is a publicly available HTTP API that provides access to the trading functionality of the CREX24 crypto exchange. The API requests and responses are in JSON format.
Exchange Rate Chart
CREX24 provides traders with an exchange rate chart; it allows traders to customize the data displayed, through the following ways:
- Change the interface by 40 parameters
- Select graph type
- Set time limits
- Use custom indicators
CREX24 Review: Education
The exchange has a very limited offering of educational resources. There is a frequently asked questions (FAQ) section on the exchange’s website, which provides instant answers to some of the common questions that traders may have.
CREX24 Review: Trading Instruments
CREX24 offers clients a wide choice of assets for trading, which are not limited to only the popular cryptocurrencies (Bitcoin, Ethereum, Litecoin, Monero, XRP, NEM, and others) but also the rare ones, for trading online via the provided trading platform.
Cryptocurrencies are highly volatile – their value often changes. There is no centralized governmental cryptocurrency regulation, so their value largely depends on the demand and supply on the market. This makes cryptocurrencies an attractive asset to some for trading on the exchange market.
Due to its popularity, the demand for cryptocurrency is increasing. New ways of spending digital currency are emerging, such as the purchase of goods and services. Thanks to fast payments, low fees, and extra security, cryptocurrency represents a convenient way to make payments for some people.
CREX24 Review: Trading Accounts & Fees
CREX24 offer a standard trading account type to all users and charge a commission fee from 1%.
CREX24 Review: Customer Service
The CREX24 Support Service operates round the clock and aims to respond to your queries within 24 hours. The service is available in English and Russian. You will always receive a response to your queries by emailing them to the customer support team. They are also available on social media handles: Twitter, Telegram, and Discord.
CREX24 Review: Deposit & Withdrawal
CREX24 provides traders with a range of deposit and withdrawal methods which includes:
- Bank cards such as Visa, MasterCard
- E-wallets including Perfect Money, Yandex, QIWI, and EPay
The deposit and withdrawal limits in the CREX24 cryptocurrency exchange are determined by the transaction limits of your payment method. You do not have to withdraw using the same payment method you used for depositing funds. You can withdraw your funds using any payment method available on the exchange. Customers can top up their accounts in CNY, EURO, JPY, RUB, or USD. When the currency is converted, all deposits and withdrawals are carried out at the current exchange rate of the payment system.
Deposit and withdrawal times vary depending on the selected currency and payment method. Depositing via bank transfers can take up to 2 to 5 days. The Exchange reserves the right to delay customer’s withdrawals for up to 72 hours for security checks. The Exchange does not allow the transfer of funds between customers’ accounts. Please note, there are restrictions on transfers to bank cards. Cards issued in the US are not allowed for deposits and withdrawals. Russian MasterCards are not available for withdrawals.
Analysis of the existing market offer in cryptocurrency trading has shown that traders sometimes struggle to top up their accounts with fiat funds or withdraw fiat currency from their accounts. Even popular cryptocurrency exchanges do not always offer this opportunity. CREX24 has decided to correct this, so you can exchange fiat money for cryptocurrency at this trading exchange, and cryptocurrency for fiat money.
If you want to make an account deposit using cryptocurrency, open your “Account” page, select the coin/token you wish to use, click on the deposit icon, and copy the address generated specifically for you. Use this address only to make a deposit; otherwise, your funds will be lost.
To withdraw funds from your CREX24 account, go to the “Account” page. Select the currency you wish to withdraw. Enter your details (address, amount, and Payment ID/Message if required). After that, you will receive an email confirming your withdrawal.
As broker fees can vary and change, there may be additional fees that are not listed in this CREX24 review. It is imperative to ensure that you check and understand all of the latest information before you open a CREX24 broker account for online trading.
CREX24 Review: Account Opening
Opening an account with the exchange is very easy and straightforward, simply click on the ‘Register’ button on the website and fill in the registration form as follows:
- Email address: This is used as an identifier on the website.
- Password: Your password must contain at least 8 characters, including uppercase and lowercase letters, and numbers.
- Captcha: Complete the Captcha carefully.
- Read the terms and conditions and click “Register”.
Follow the instructions that will be sent to you by email. Once your account has been created and verified, you can fund your account and begin trading, when you feel ready to do so.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.
CREX24 Review: Conclusion
Founded in 2017, CREX24 is a cryptocurrency exchange that claims to value its customers’ data protection and aims to ensure that customers’ personal data and funds are kept secure. CREX24 offers clients a wide choice of crypto-assets for trading, through the powerful CREX24 Ultimate App, which is compatible with Android devices.
The platform brings a number of virtual currencies in one marketplace for trading with competitive commission rates. There are no limits placed on deposits or withdrawals by the exchange whilst the CREX24 website is available in over 30 languages.
Despite this, CREX24 are not regulated and only offer cryptocurrency trading. They do not have the popular MetaTrader platforms and clients cannot trade stocks, commodities or forex with them. Furthermore, there is no live chat support or telephone number provided on the CREX24 website whilst educational materials are distinctly lacking.
The CREX24 Service shall be provided on an “as is” basis. CREX24 shall make every effort to ensure the smooth running of the Service. However, it does not guarantee that there will be no technical issues that could lead to a complete or partial suspension of the Service. Service shall not be liable to Users for any damages incurred by the Users even where the Service has been aware of such damages in advance. The Service shall not be liable to Users for any data leaked to any third parties about the Users’ activities in the event of a security breach. The Service shall not be liable for any issues arising from the interruption or loss of connectivity, including interruptions to the global internet network or from any force-majeure event.