Cryptocurrency exchanges

Fees | CREX24

Fees | CREX24

There are two counterparts to every transaction:

  • Market makers place orders to buy or sell оn the market before transactions take place which creates liquidity in the market (an order book is formed). These orders are not required to be executed immediately.
  • Market takers conclude transactions at the current market offer.

Market takers pay a fee for each transaction. The size of the fee depends on the volume of your trades. Every 24 hours we calculate the trading volume for the last 30 days of trading on your account and dynamically adjust the commission value in accordance with the table:

The deposit and withdrawal limits in our cryptocurrency exchange are only determined by the currency deposit and withdrawal 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. The list of available payment methods can be found in the tab “Account” by selecting “Deposit” or “Withdraw” for the required currency.

Deposit fee

Withdrawal fee

If you are unable to withdraw funds:

  • Make sure that you have enough funds in the account for the amount you want to withdraw.
  • If you have changed your personal details, we will have suspended withdrawals for 72 hours. Please wait until the end of this period.
  • Withdrawals are only available after executing at least one transaction on the exchange.
  • You might have carried out some suspicious transactions. Security Service could have temporarily blocked your account for review.
  • Contact the Customer Support Team.
  • Deposit and withdrawal times vary depending on the selected currency and payment method. Deposits via bank transfers can take up to 2-5 days.

    Like other reliable cryptocurrency exchanges we reserve the right to delay customer’s withdrawals for up to 72 hours for security checks.

    Take into account the fees incurred due to the selected trading strategy

    Select an exchange with your goals in mind to reduce your costs. Cryptocurrency exchanges with minimal transaction fees usually balance it out by high deposit/withdrawal fees.

    You can exchange fiat money for cryptocurrency at this trading exchange, and crypto currency for fiat money. The cryptocurrency rates at our website are often better than at standard online currency exchangers. When using our trading exchange for exchanging cryptocurrencies for fiat money, it is better to choose payment systems with minimum deposit/withdrawal fees. However, it is not guaranteed that there will be a buyer for your offer.

    Under the terms and conditions of the exchange, you need to complete verification in order to work with fiat funds.

    Exchanging cryptocurrency to fiat money without registration or fees is only possible when working with private parties, which is not safe. The risk will be lower only when you use a trading exchange or a reputable currency exchange venue.

    Our exchange does not allow 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.


    First Mover: Stablecoin Surge Might Herald Bitcoin Binge

    First Mover: Stablecoin Surge Might Herald Bitcoin Binge

    Are crypto traders getting ready to pounce?

    It sure looks that way, based on new data showing a rapid increase in the outstanding value of dollar-linked tokens, many of them amassing on cryptocurrency exchanges. 

    These “stablecoins” – digital tokens whose value is linked to government-issued currencies like U.S. dollars – have become the de facto form of cash in fast-evolving cryptocurrency markets. Unlike actual dollars, they can easily be held or moved around within the digital ecosystem, between exchanges, wallets and lenders that are willing to pay juicy interest rates of 8 percent or more for the deposits.first-mover-april-17-chart-1-stablecoin-balances-thru-april-14

    Traders and individuals might have bought the stablecoins in the digital-market equivalent of a flight to cash as the coronavirus wreaked havoc on the global economy – similar to the way traditional investors rushed to liquidate everything from stocks to bonds, choosing to park the proceeds in U.S. dollars until markets stabilize.

    But traders also might be flocking to stablecoins as an intermediary step before betting big on cryptocurrencies: First use dollars or other government-issued currencies to buy stablecoins; next, move those stablecoins onto cryptocurrency exchanges; then, when the price is right, trade the digital cash for bitcoin, ether or other tokens. 

    “The ones that are on exchanges, in theory, are going to be deployed back into cryptocurrency when sentiment changes,” Ryan Watkins, research analyst at the crypto-market data provider Messari, said in a phone interview. “It’s definitely something that investors are looking at.”

    Stablecoins have been a hot topic since last year, when Facebook announced plans to launch libra, a digital token that could be used for payments between the social network’s two-billion-plus users. Initially, the token was designed to be backed by a basket of government currencies, but on Thursday the consortium behind libra said it now plans to issue stablecoins representing individual currencies, such as the U.S. dollar. 

    Governments from China to Sweden have explored issuance of digital versions of their own currencies that might address the growing competition from stablecoin issuers, which are essentially building private monetary systems atop blockchain computer networks.

    And these stablecoins, including tether (USDT), Circle’s USD Coin (USDC), Paxos standard token (PAX) and Gemini Dollar (GUSD), suddenly appear in high demand. 


    Tether, the most popular stablecoin by far with an outstanding market value of about $7.2 billion, even trades at a slight premium to its purported $1 par value – an indication of how eager buyers are to accumulate the digital cash:


    Greg Cipolaro, co-founder of crypto-market analysis firm Digital Asset Research, says individuals in some countries, possibly including China, might be trying to move money out of their domestic currencies. And it might be easier to exchange their local currencies for stablecoins than to get their hands on actual dollars.

    As the dominant currency used in international finance, dollars have been in high demand as the coronavirus spread, triggering widespread job losses, business disruptions, travel cancellations and energy price slides. The attendant withering of consumer demand tends to push down prices – or, put another way, increases the dollar’s purchasing power.   

    The Federal Reserve has been trying to offset the deflationary impulse by pumping newly minted dollars into the global financial system. 

    The U.S. Dollar Index – a measure of the currency’s strength in foreign exchange markets against the euro, British pound, Japanese yen, Canadian dollar, Swedish krona and Swiss franc – has climbed to a reading of 100.10, from 96.50 at the start of the year. Emerging-market currencies have sold off even harder: The Mexican peso has weakened 28 percent against the U.S. dollar so far in 2020.  

    “That could be one issue,” Cipolaro said in a phone interview. “People are cashing in their fiat.”


    So far, the surging stablecoin issuance hasn’t translated into a big surge in prices for bitcoin, the oldest and largest cryptocurrency, which has a total market value of about $129 billion.

    After a coronavirus-driven market swoon in late February and early March, followed by a rapid rebound, bitcoin prices appear to have stabilized – stagnated, some bulls might complain – in a range between roughly $6,500 and $7,400. 


    So a stablecoin-fueled buying spree could jolt the bitcoin market out of the doldrums.  

    “Maybe it’s just a coiled spring,” Cipolaro said. 

    According to Glassnode, a blockchain data and intelligence provider, investors have moved some $1 billion of tether onto wallets at cryptocurrency exchanges:


    Mati Greenspan, founder of the analysis firm Quantum Economics, suggested some holders of stablecoins might be looking to get out, after the international Financial Stability Board earlier this week suggested that the grassroots market might need closer scrutiny. One concern was that the wider use of the stablecoins could test “the financing conditions of the wider financial system,” according to a consultation report.     

    That concern might apply specifically in the case of tether, which mostly operates outside of the U.S. regulatory framework and is under investigation by the New York Attorney General’s office. 

    “If people are concerned that the government is going to start regulating those assets, they have very few options for what to do,” Greenspan said in an audio chat over Telegram. “They can try to convert it back to fiat money, but my guess is there’s probably a reason they didn’t want to hold it in fiat in the first place.”

    So where will those holders go when they trade in their stablecoins?

    “Most likely into bitcoin,” Greenspan said. 

    Tweet of the day


    Bitcoin watch


    Bitcoin is struggling to extend Thursday’s bullish move amid improved risk appetite in traditional markets. 

    The top cryptocurrency is trading near $7,100 at press time, slightly down on the day. Meanwhile, futures tied to the S&P 500 are up over 2 percent and major European indices are flashing green, tracking overnight gains in Asian stocks. 

    The risk reset began during Asian hours after leaked details of U.S.-based Gilead Sciences’ clinical trial of an antiviral drug called Remdesivir that suggest promising results in treating the coronavirus.

    The renewed hope of coronavirus treatment overshadowed China’s economic data, which showed the world’s second-largest economy contracted by 6.8 percent in annualized terms in the first quarter.

    Bitcoin has closely tracked action in the equity markets over the past several weeks and could soon pick up a strong bid.

    Technical charts also indicate the path of least resistance is to the higher side. Bitcoin closed on Thursday (UTC) above the long-held 50-day average hurdle, signaling an end of the price pullback from the recent highs above $7,450 and opening the doors for a re-test of that level. Similar sentiments are being echoed by the descending channel breakout on the 4-hour chart.


    Author: Omkar Godbole

    The Mutual Tie Up Between Crypto Exchanges and Tokens • Newbium

    The Mutual Tie Up Between Crypto Exchanges and Tokens • Newbium


    The relationship between cryptocurrency exchanges and the the tokens have became more stronger as the need for tokens increases in cryptocurrency market. Token issuers prefers the popular cryptocurrency exchanges as the gateway, for their token. If a token has been listed in a popular cryptocurrency exchange, than sure it will be identified by many traders and in a very short term the token could get significant market cap or customer base. Where as exchanges prefers to list token to get more customers, also, they could become a business partner of a particular token and its company.


    Not all the exchanges supports token trading. To trade with token the exchange should be capable of performing cross chain trading. Because, some new tokens are arriving to the industry with their own separated blockchain protocol. It is impossible for an exchange to continuously change its trading algorithm for each new kind of token. So many exchanges supports only limited token like ethereum, Tezos, EOS like that.

    Exchange that could not perform trading, supports token with an another business model, that is “IEO”. IEO is just like ICO, Where as the entire token crow sales will be performed inside the exchange. Popular exchanges like binance are supporting token with IEO.

    To perform IEO functions, An Exchange should be made with Launchpad features. Many cryptocurrency exchange development companies are keeping this as a big concern, and integrating launchpad as a primary features with their cryptocurrency exchange script, software, or source code.

    Originally published article : Why Cryptocurrency Exchanges Supports Token Trading?


    Author: Newbium

    How Do Cryptocurrency Exchanges Report to the IRS? Here's How

    How Do Cryptocurrency Exchanges Report to the IRS? Here’s How

    cryptocurrency exchange taxes

    This past summer, the Internal Revenue Service (IRS), the tax-collecting agency of the United States, sent more than 10,000 warning and action letters out to cryptocurrency holders who may or may not have been accurately reporting their crypto gains and losses on their taxes. This series of events had many people questioning how the IRS even had information about their crypto holdings.

    As it turns out, cryptocurrency exchanges report tax information to the IRS. This article explains precisely how they do that.

    Cryptocurrency exchanges like Coinbase, Gemini, and others that operate within the U.S. market use a specific type of 1099 Form to report tax information to the IRS. 1099’s of all types serve the same purpose within the United States — all 1099’s report non-employment related income. 

    In other words, 1099’s tell the government how much income you made outside of your job. Income is taxable within the U.S., so it makes sense that the IRS wants to be informed of income sources outside of typical W2 wages.

    The problem with the way cryptocurrency exchanges report is that they use a specific type of 1099 known as Form 1099-K.

    1099-K reports gross proceeds from a specific platform, and it is typically used by third-party settlement organizations like Uber, Lyft, and others to report gross income incurred on the platform.

    1099k cryptocurrency exchanges

    When cryptocurrency exchanges use this form, they report gross amounts transacted on the cryptocurrency exchange. This can massively inflate your income, and the document actually becomes useless for cryptocurrency investors for tax reporting—as they need to be reporting capital gains and losses, not merely gross proceeds.

    In this sense, it really doesn’t make a lot of sense for cryptocurrency exchanges to be issuing a 1099-K. However, they do so to cover their regulatory bases from a liability standpoint and also to reduce the reporting that they have to do.

    If they issued a different type of 1099 that is more common within the world of stocks and investing, they would have to issue forms to many more customers, almost all of them. This would be a significant compliance burden that the exchanges would prefer to avoid if possible. Right now, Forms 1099-K only goes out to a small percentage of customers within the exchanges overall user base.

    If you meet certain qualifying requirements (based on trading volume and gross proceeds), both you and the IRS will be sent a copy of Form 1099-K by your cryptocurrency exchange. This alerts the government that you have cryptocurrency activity that you should be reporting on your tax return.

    Frustratingly, 1099-K does not help the taxpayer actually report his or her capital gains and losses on a tax return. Again, this is because 1099-K does not report any of this, it only reports gross proceeds or the total volume of your transactions on your cryptocurrency exchange.

    To properly report, you need to calculate your gains and losses for each trade and report them on Form 8949 and include it with your tax return. You can learn more about the specifics of cryptocurrency tax reporting in this complete guide for investors.

    As sending out 1099-K to customers is obviously extremely misleading and frustrating experience for the customers of cryptocurrency exchanges, it is likely that they move away from this practice in the future. 

    As the IRS continues to pass legislation in the space, cryptocurrency exchanges will likely be forced to send out a Form 1099-B to customers who meet specific requirements. 1099-B is typically used within the world of stock trading and investing, and it does indeed report gains and losses to the taxpayer — this greatly helps when it comes to reporting on your tax return.

    There are other challenges that cryptocurrency exchanges face when trying to issue a 1099-B, and they all stem around cost basis reporting. Because cryptocurrency is transferable, cost basis information is not always held by a single cryptocurrency exchange which makes 1099-B reporting extremely difficult. 

    As long as you are reporting your capital gains and losses from your cryptocurrency investing activity, you don’t have anything to worry about.

    Coinbase, Gemini, and others may still send out a 1099-K, but you will have your bases covered. When the government receives the 1099-K, they will see that you have indeed claimed cryptocurrency on your tax return and reported the income associated with it properly. 

    Never miss out on our daily crypto news, stories, tips, and price analysis.  Join us on Twitter | Telegram | Facebook or subscribe to our weekly Newsletter. 


    Author: By Guest Author

    What Happened to Mt. Gox? History of the Bitcoin Exchange Blow Up

    What Happened to Mt. Gox? History of the Bitcoin Exchange Blow Up

    • Mt. Gox launched in 2010 and quickly became one of the most important Bitcoin exchanges in the world.
    • Less than four years later, Mt. Gox declared bankruptcy and left the cryptocurrency ecosystem reeling.
    • Creditors are still sorting things out in court, with the exchange’s remaining Bitcoin worth over a billion dollars.

    Once the most important Bitcoin exchange, Tokyo-based Mt. Gox ultimately went into bankruptcy in 2014. Why did the exchange blow up?

    Mt. Gox was launched 2010 and was, at one point, handling almost three quarters of all Bitcoin transactions. In February, 2014, it filed for bankruptcy after losing 850,000 Bitcoin in a hack, which would be worth nearly $6 billion at today’s prices. Even at the time it was a substantial amount, worth around $450 million. This resulted in catastrophic losses for the exchange’s users.

    The exchange was only to recover 200,000 Bitcoin in its vaults. But courts are still working through the incident. Creditors (customers who lost their money) still have not been remedied for their losses.

    The exchange was founded by Stellar Development Foundation co-founder and former Ripple CTO Jed McCaleb in 2010. McCaleb sold Mt. Gox to French national Mark Karpeles in the following year.

    An early breach in June 2011 occurred in which a hacker used a compromised Mt. Gox computer to transfer Bitcoin to himself, causing a flash crash of the price from $32 to one cent. A few months later, a number of suspicious transactions occurred, sending 2,609 BTC to invalid addresses, rendering them forever lost. 

    This is only the first round of damage Mt. Gox’s reputation endured. It only gets worse.

    By 2013, Mt. Gox had grown into the most significant cryptocurrency exchange in the world, processing around 70% of all Bitcoin transactions. Bitcoin was worth around $100, at the time, and Mt. Gox was handling roughly 150,000 daily transactions.  

    But May 2013 was a tumultuous month for the exchange. Coinlab filed a $75 million lawsuit against the exchange. Previously, Coinlab entered into agreement with Mt. Gox to bring the exchange’s services to the United States, shortly after Coinbase was founded.

    However, Coinlab allegedly did not execute on any of its promises, and failed to start a meaningful U.S. Bitcoin exchange business. Nevertheless, Coinlab raised its demands to $16 billion, but courts dismissed those claims, and awarded the company $4 million.

    In the same month, the U.S. Department of Homeland Security commenced proceedings against Mt. Gox’s U.S. subsidiary, seizing over $5 million, because it had failed to register as a money transmitter with FinCEN.

    2013 was really the year things began to sour for Mt. Gox. As well as the lawsuit and the enforcement activities from U.S. authorities, the exchange’s strained relationship with banking partners meant customers were having problems withdrawing cash from their accounts.

    Mt. Gox had “effectively been frozen out of the U.S. banking system because of its regulatory problems,” according to some reports,

    Customers were unable to withdraw their cash for months. Mt. Gox then officially suspended withdrawals, its Twitter account disappeared, and it finally announced it had filed for bankruptcy in February of 2014.

    The exchange claimed it was insolvent, and had been suffering from hacks for some time. Apparently, they weren’t aware of this until it was too late.

    As Gonzague Gay-Bouchery, Karpeles’ deputy would describe it, a hacker had been changing transaction identifiers to steal funds from the exchange’s hot wallet. Karpeles was unwittingly refilling the wallet from their own cold wallet, essentially going straight into the hacker’s palms. That had been going on for months, if not years.

    After Mt. Gox announced its closure, competitors Bitfinex and BTC-e were overwhelmed with sell orders, dragging BTC down from over $600 to around $100 within seconds. Faith in the then-fragile Bitcoin ecosystem imploded. Mt. Gox claimed liabilities of $64 million, resulting in their collapse.

    Karpeles was widely seen as incompetent and negligent. As a person close to the exchange, who sought to remain anonymous, told Techcrunch:

    “I couldn’t believe what I was hearing. I thought I was going to black out. You would at least reconcile your books regularly. You would have had to screw up on so many levels for something like this to have happened.”

    Since the exchange’s bankruptcy, Karpeles was charged with embezzlement and data manipulation. He was acquitted on those charges, but found guilty in 2019 of falsifying data. He was sentenced in Japan to a two and a half year suspended prison sentence.

    The bankruptcy proceedings continue to play out as the bankruptcy trustee for Mt. Gox attempts to work out a way to compensate users for their losses using the Bitcoin that remains in the exchange’s possession.

    Under Japan’s Civil Rehabilitation process, the trustee is able to handle the management of redressing customer losses more flexibly than under stricter bankruptcy proceedings. The date for reimbursement has most recently been pushed back to 2020.

    Creditors are seeking to be paid in Bitcoin, rather than a fiat value of the Bitcoin they lost at the time. The 200,000 Bitcoin recovered is now worth around $1.5 billion, which would easily recover the $450 million lost at 2014 prices.

    In many ways, Mt. Gox mirrors Bitcoin itself. The infrastructure was still immature, and it lacked the infrastructure to address the enormous security risks that came with cryptocurrency. These risks were magnified by the newness of the technology—none of the exchanges had experience dealing with crypto, at the time.

    But there is a silver lining to the eruption. In the wake of Mt. Gox, a host of new, more secure exchanges came into being. This greater decentralization of exchanges meant that subsequent heists didn’t have anywhere near the same impact on the cryptocurrency ecosystem.

    Moreover, those who held their coins on exchanges were, for the first time, taught the important less of “not your keys, not your Bitcoin.”

    Mt. Gox left the ecosystem wounded. But, over five years on, Bitcoin has more than fully recovered, and continues to gain momentum as a challenger to traditional finance.

    The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

    You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

    See full terms and conditions.


    Author: by Paul de Havilland

    Fees | CREX24

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