I have been using STEX for quite some time now I thought it would be time to share my experience with this “not so popular yet” exchange.
WHAT STEX HAS TO OFFER
The first thing you’ll notice when connecting to STEX is their nice and clear interface which offers a very simple user experience. With over 300 000 users, STEX is slowly becoming a must-known cryptocurrency exchange platform.
First thing (and one of the most important) is the emphasis the STEX team has put on security. Even though it is not mandatory, users are strongly invited – I would recommend it also – to activate two-factor authentication (2FA), which is easily done via your user profile interface
As stated above, STEX has probably the most organized site compare to other exchanges: everything is organized in well designed sections.
STEX offers two trading experiences depending of your trading skills: you have the choice between a simplified interface (with the minimun information you need to place an order) or a more detailed one (enhanced graph, market depth etc.) to place Limit Oreder or even Stop Limit Orders.
Charge Fees are the same for Buyers and Sellers and are ones of the lowest of all trading platform: each trade has a flat fee of 0.2%, but can decrease depending of your user profile verification level:
- Level 1 – 0.2% unverified user
- Level 2 – 0.1% user verified by STEX and PrivatBank
- Level 3 – 0.05% user verified by Cryptonomica
There is no deposit Fee for crypto deposit (for Fiat see bellow) and a withdrawal fee ranging between 0.001 to 0.002 BTC
STEX accepts over 500 different cryptocurrencies you can trade against Bicoin (BTC) or even other Altcoins such as Ethreum, Litcoin, USDT (…) and Fiat currencies, mainly US Dollar and Euro
To transfer FIAT currencies to your account
- to have a verified account
- send documents to tastify your identity (a minimum for a trading platform. Overall, the process is fast and simple)
then to use a thrid party service such as:
- Perfect Money
- Rapid Transfer
I personally use advcash as it is offering the lowest fee as of today, but compare and make your own choice. Be aware fees applied to Fiat currencies transfer won’t have the same deposit fees; so do your math to choose the right one for you.