icrypex review

Trading costs are quoted as a band on the same central exchange account: taker fees of 0.01% to 0.35% and maker fees of 0.01% to 0.35%. Both ends of those bands sit below the exchange group median taker fee of 0.2%, so the cost of a trade does not move much with your volume.

The exchange is listed under the Crypto Asset Service Provider designation. That is a licensing category rather than the name of a national authority, so the entry tells you the type of permission held rather than which body granted it, and the designation sits in the exchange's home market.

Proof of reserves is recorded as a no for this exchange, so nothing is published to attest to the assets held for customers. The Crypto Asset Service Provider registration covers the type of permission, and with custodial holdings the balance sits with the operator, which leaves the operator's own statements as the record.

Custody is custodial, so the exchange holds the coins on a customer's behalf rather than the customer holding the keys. The wallet type is software, which points to a platform account rather than a device kept in your own hands. Withdrawals therefore depend on the exchange's own systems.

Fiat deposits run through bank, which is bank transfer, so an account is funded by a transfer from your own bank account. The listed method covers one route, which makes it worth having the transfer arranged before you plan to trade rather than assuming an instant top up.

The list covers 124 coins, with 124 supported, which puts this exchange around the exchange group median of 74.5. That is a mid sized range rather than a long tail, so breadth for its own sake is not the reason to pick it here.

Support runs on email and community, so a question goes by email or into the community. There is no phone line and no live chat in that list, which means a stuck withdrawal or a verification query waits for a written answer rather than a conversation.

It is a central exchange, so orders meet on one order book instead of settling peer to peer, and the balance is custodial. Founded in 2018 and headquartered in Turkey, it is built for spot trading on a single market, which suits traders who fund by bank transfer and are comfortable with the platform holding their coins.