Paritex is a cryptocurrency exchange platform that was established in 2019 and is headquartered in Turkey. The exchange platform offers its clients major cryptocurrencies on the market, such as Ripple, Bitcoin, Tether, and Ethereum. Paritex has also listed some altcoins so that customers can trade on their platform.
Paritex was founded by a group of professionals to create a creative and simple trading strategy in the world of cryptocurrencies. The exchange platform aims to offer its services to traders and investors around the world. However, it is unclear whether Paritex allows US traders to invest in their platform due to Securities and Exchange Commission regulations.
Based on the interests of all traders, Paritex has developed a trading platform with the ability to use two different interfaces: an advanced and simple trading interface for its clients. The main difference between the simple and advanced trading interface is that a more complete technical analysis of various digital coins is available in the advanced interface.
Speaking of ease of use, both the advanced and simple trading interface is user-friendly and easy to use by both amateur and professional investors. The simple trading interface also provides various charts and graphs, order books of traded digital currencies.
It is also important to note that Paritex only offers its clients a web-based platform, and therefore no download or installation is required for clients to trade. This means that all trading activities are carried out on the website of the Paritex exchange.
With the help of the Paritex exchange platform, you can deposit both cryptocurrency and fiat currency to your account. However, you can only deposit fiat via bank transfer. Since it is possible to make fiat deposits on this trading platform, it gives potential investors easy access to cryptocurrency transactions so that they can start their trading.
The Paritex exchange platform provides incredible and fast support for all its customers. In a situation where customers have any complaints and questions, they can always contact the representatives of the exchange, as they are available 7 days a week and 24 hours a day. You can always find their contact information on the platform's website.
The fees charged by cryptocurrency exchanges are mainly of three types: trading fees, withdrawal fees, and deposit fees. As an exchange platform, Paritex charges its customers a relatively low fee, charging customers only a commission for trading and withdrawing funds.
Paritex, like any other platform, charges its clients a trading commission for each executed order. The trading commission is usually a certain percentage (according to the decision of the exchange platform) of the price of the executed order. On most exchanges, the commission for trading is usually divided between the creators and the buyers.
However, Paritex charges a flat rate, without dividing the trading commission into producers and recipients. The exchange platform charges a constant rate of 0.15%, which is significantly lower than most exchanges, which charge a trading fee of 0.20% - 0.25%.
The withdrawal fees charged by the Paritex exchange platform are very competitive. For each BTC withdrawal, Paritex charges 0.0005 BTC, which is lower than the average 0.0006 BTC withdrawal fee charged in the cryptocurrency market. In addition, the commission for withdrawing other digital coins includes Ripple at 0.5 XRP per withdrawal, Litecoin at 0.001 LTC per withdrawal, and Ethereum at 0.01 ETH per withdrawal.
The security business is very serious, and it has become so because of numerous hacks as a result of cyber attacks. The Paritex exchange platform has succeeded in providing the latest and adequate security measures that you can find in the cryptocurrency market.
The company has implemented Secure Socket Layer (SSL) technology to protect all data and confidential information provided by its customers on its websites. In addition, Paritex uses cold wallets to store approximately 95% of all its assets. This means that assets are stored offline in secure locations and require manual procedures before anyone can access them.
- To own your crypto assets, you need to manage your own private keys.
- Ledger hardware wallets make private key management easy and secure.
- Each unique 24-word recovery phrase creates a new set of private keys.
- Make sure you secure your 24-word recovery phrase properly.