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Crex24.com Review 2019 – An Established Altcoin Trading Broker

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Crex24 is a cryptocurrency trading platform operating since August 2017. The country of official registration is Estonia. The trading site specializes in low market cap altcoins, therefore the overall trading volume in USD or BTC is low compared to the big bitcoin brokers.

CREX24 not only provides a wide range of altcoins for trading, but also adds little known tokens, so-called low market cap altcoins or micro caps. Today more than 300 cryptocurrencies and nearly 400 currency pairs are available on the cryptocurrency exchange. Fees are only paid by takers. The exact height of fees is dynamic, depending on the turnover for the last 30 days and starting from 0.1%. If the turnover exceeds 50 BTC, the commission is reduced to 0.06%.

Important: Makers on the Crex24 exchange do not pay a commission for creating an order. On the contrary, they get rebates on trades.

The minimum amount to deposit is 1 USD (50 RUB), to withdraw – 1.5 USD (100 RUB). Each cryptocurrency has its own conditions, which can be viewed directly at deposit or withdrawal. For example, for Bitcoin – there is no input limit, but the minimum withdrawal is 0.001 BTC. At Crex24.com account verification is necessary when depositing from credit cards, via Yandex or WebMoney. The most advantageous payment systems: Epay (0 %) and Qiwi (2 %) for deposits; Yandex (1 %) and WebMoney (0,8 %) for withdrawals.

After registration on the site crex24.com you can start using their faucet to collect various coins for free. For each of them there is a time interval between requests. Bitcoin is available every day, other tokens even several times per day or even per hour, etc. Terms and conditions and the number of coins may vary, so check it out in your Crex24 account under “Faucets” (right in the top menu). The free cryptocurrencies are transferred to your wallet and is available for withdrawal when the minimum amount is reached.

Let’s get into a more detailed review of the site Crex24 with the analysis of all the main benefits and characteristics of the cryptocurrency site.

Registration on Crex24

Registration on the Crex24 exchange is a prerequisite for trading or using a faucet. The procedure of account creation is free of charge, without payment in the future and is carried out in a few minutes.

To register, click on the home page of the official website crex24.com button “Start trading” or “Register”.

Fill in the standard form, providing

• E-mail
• Password

Also go through the captcha, read and agree with the terms of service.

You will receive a letter to the specified e-mail address. It will contain a link for verification and confirmation of registration.

At this point the first stage is over and you can start familiarizing yourself with your personal accounts, settings and trading platform.

Login to Crex24.com

To log in to the official Crex24 website, you need to enter your email and password. If 2FA is enabled, you will need to specify an additional security code. We’d always recommend using a 2FA app such as Google Authenticator or similar. If two-factor authentication is not enabled, for security purposes an email will be sent to the registration email with a link to confirm login to the exchange account.

The top menu of the Crex24 website consists of the following sections:

• Markets: Switching to the trading terminal to buy/sell.
• Account: Deposit/deposit of funds from the balance of the cryptocounter exchange.
• Reports: History of open and closed trade deals, financial operations for the selected period of time.
• Faucets: Getting free cryptomonet.
• My Account: The section consists of: Security, Verification, API Keys, Affiliate Program.
• Switching languages. Crex24.com translated into 28 languages.
• Enabling night or day mode. (dark or white interface)
• Making audio and notifications work

The Bottom Menu of the site:

On the bottom we find the whole information part: information, fees, link to the affiliate program. In the section “Documents” – the basic rules and conditions of the exchange Crex24. In the “Support” section there are answers to the main questions of FAQ, API connection, adding new coins. In the “Discussion” – links to forums and social networks, which represent the cryptocurrency exchange Krex24.

Let’s check out the main sections in detail.

Setting Up A Personal Account

To set up the main account parameters, login to the Crex 24 exchange and go to the “My Account” section.

In the “Security” section:

• Connect Google Authenticator two-factor authentication. To do this, you need to download the application (links are provided) to your mobile device (phone, tablet), install, launch and scan the QR code or enter the code manually. Be sure to write down the code (backup code). This code is needed if you need to restore access if you lose your device with the Google Authenticator application.
• Change the password.

In “Verification” – ID-verification is needed when using some payment systems for replenishment: bank cards, Yandex, Webmoney. When using other payment methods and cryptocurrency, the procedure of verification of identity is not necessary. You will need to upload a photo for verification.
In the “API” item – documentation on its connection, generation of keys.
“Affiliate program” – statistics of the exchange’s referral program Crex24.

Cryptocurrency Faucet on Crex24

In most cases, cryptocurrency faucets are sites that distribute cryptocurrency free of charge, but place a lot of advertising. Faucets from Crex24 differs from them, as there is no advertising at all. The aim is to attract more users to the exchange, who will then become its customers.

To collect the available cryptocurrency, go to “Faucets” and click “Get”. You can immediately see the size of payments, they are not very large, but a month or two you can collect a couple of dollars.

In the “Reports” – “Payment History” section you can see the receipt of coins on the balance.

h2>Deposit and Withdraw from Crex24

You need to make a deposit to start trading. To deposit/withdraw funds at the altcoin broker Crex24, go to the “Account” section and choose the necessary method:

• Cryptocurrency
• Fiat: cards, payment systems. In some cases you will need to verify your account

Some details regarding deposits on Crex24.com:

• In order to deposit cryptocurrency, you need to send coins to the specified address.
• Consider the minimum amount and commission on the blockchain network itself. For example, there is no minimum amount for Bitcoin.
• Ethereum minimum deposit is 0.01 ETH:
• Minimum deposit amount in fiat: 1 US dollar; 50 Russian rubles; 1 Euro.
• The deposit fee depends on the payment system and currency. Account USD: Webmoney – 2.5 %; Epay – 0 %; Perfect Money – 2.5 %; Visa/Mastercard – 6.65 %. Account RUB: YandexMoney – 7%; Qiwi – 2%; WebMoney – 2.5%; commission on ruble cards depends on the amount and ranges from 6 to 10%.

Some details regarding withdrawals from Crex24:

• When changing the password, it is prohibited to cash out within 72 hours. This is done for security reasons.
• Minimum amount depends on the selected method. For the fiat: 1.5 USD; 100 RUB or 2 EUR.
• Commission. EUR account: Webmoney – 0.8%; USD: Perfect Money – 2%, Webmani – 0.8%; RUB account: Yandex – 1%, Qiwi – 15%, Webmani – 0.8%.
• In case of withdrawal of cryptocurrency the minimum amount and commission is set. To withdraw Bitcoin these are the conditions: minimum – 0.001 BTC, commission – 0.0005 BTC.
• When withdrawing, you get an instruction email.

How To Trade On The CREX24 Crypto Broker Platform

Having replenished the deposit balance, you can start trading on the platform. To do this, go to the “Markets” section. The deals are made between the participants, who are divided into Takers (withdraw liquidity, conduct deals on the “market”) and Makers (placing limit orders into the order book).

Depending on this, a commission is set:

As you can see, makers are paid additional money (rebate), thus stimulating market liquidity.

Overview Of Crex24 Trading Page:

• In the upper left part – the chart of the selected currency pair
• Bottom left – The platform’s most recent trade history of the current pair
• Bottom center – buy and sell order boxes
• Bottom right – Orders: The order book of the very next open orders/bids
• Above right – Instruments: selection of the required pair in the “Tools” section.

Instructions On How To Trade On Crex24

• We choose a cryptocurrency pair. For example, BTC/USD:
• Analyzing the chart, select the entry point to the trade at purchase of cryptocurrency or exit (when selling).
• Place an order to buy the cryptocurrency (or sell it). At the moment, you can set only one type – the limit order type. This means that the order is placed into the order book and will be executed when it is redeemed. Specify the quantity and a competitive price, taking into account the rate, the fee and the price history.
• Waiting for the order to be executed. If the price is not competitive, we will have to wait a long time. Sometimes it is necessary to cancel it at all.
• May simply buy a counter order by clicking on it in the order book. The application form will be filled in by yourself, you only need to correct the quantity. The commission is considered as for a taker.

Benefits and Disadvantages of the CREX24 exchange

Note the main advantages of the Crex24.com cryptocurrency exchange, which should be taken into account when choosing a platform for cryptocurrency trading:

Advantages

• Accepts fiat money
• Webmoney payment system supported – it’s rare for crypto brokers. Qiwi, Yandex Money and bank cards are also available.
• There are no limits for non-verified users.
• The platform already operates successfully for about 2 years.
• Graphs from Trading View.
• Small trading fees.
• The listing presents liquid and most promising cryptocurrencies.
• Commission for the deposit of cryptocurrencies is absent, only minimum and maximum amounts are set.
• Low threshold of the minimum amounts to deposit and withdraw fiat money (1 and 1.5 USD or 50 and 100 RUB, respectively).
• Cryptocurrency Faucets.
• Presence of an official representative at the main forums.
• Excellent customer support. The answer to our question came within 10 minutes.

Downsides:

• The type of order that can be created now is only a limit order. Although the FAQ on Crex24.com mentions market and stop limit.
• Mobile apps are missing.
• Low trading volume.
• Confusing verification procedure, in which it is necessary to submit a passport and personal account photo to the PS.

Verdict on Crex24.com

The Crex24 exchange is still relatively young, so the trading volume is low. But if we compare it with other new trading platforms, the exchange is developing and the volumes are gradually growing. To attract liquidity and increase the inflow of new traders to the site, a faucet with the distribution of free cryptocurrencies was launched. In general, the feedback about CREX24 is positive or neutral. The altcoin broker is certainly not a scam. Some remarks on the internet mention that an inconvenient procedure of verification is possible, also sometimes the site can hang for a moment in some browsers.