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TimeX
RankTimeX
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Volume (24h)
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TimeX
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TimeX is a cryptocurrency platform that was launched in Australia back in July 2019. It was created by a team that is considered an expert in the crypto space. The platform allows you to trade cryptocurrencies such as Bitcoin, Ripple, Tether, Litecoin, Ethereum, and others. 

TimeX is open to all people around the world. This is a hybrid cryptocurrency exchange, the structure of which is based on the Ethereum plasma technology. The purpose of creating the platform was to provide users with a diverse experience of cryptocurrency trading. The company claims that they offer some of the best trading conditions to their customers worldwide.

Trading characteristics

The Plasma-based TimeX platform is known for its fast, secure, and user-friendly functionality. Its design is quite aesthetic and stylish. In general, the exchange has a good user rating. Its functions are suitable for both beginners and experienced traders. Overall, TimeX is designed to meet the needs of the average user quickly and efficiently.

Since the launch of TimeX, there has been a steady increase in users, as it quickly became a transition to a decentralized financial platform specializing in cryptocurrency trading.

TimeX as the leading platform for trading cryptocurrencies is distinguished by the following factors:

  • Trading Platform

The Timex trading platform is extremely efficient and easy to use. The system is designed in such a way that transactions coincide without the risk of delay that occurs on a conventional digital exchange platform. There is also a step-by-step guide on how to use the platform effectively. 

 

Transactions that typically amount to AUD $25,000 or more are subject to over-the-counter monitoring to ensure an optimal trading experience. It is also very easy to get information on how to trade better, as well as customize the platform and its tools to adapt to the investor's tastes, giving the user interface a sense of uniqueness.

  • Trading review

The trading concept is also important to be noted. In the trading view, you will find a buy and sell option, the current price of various digital assets, and a price chart. With TimeX, transactions with cryptocurrency can be made instantly. You can easily place orders for any digital asset directly from the trading mode. Users can see their transaction history in the trade view. The user can change the type of trade to make it look the way he wants.

  • Fiat deposits and withdrawals

The Timex platform offers a wide range of payment methods for both deposits and withdrawals of fiat currencies. Traders have the option to use their personal bank accounts to top up their trading account. You can also use the card deposit option for users who are located outside of Australia.

  • Support service

The quality of customer support offered on Timex was recognized as the highest. Customer service representatives are people who understand the world of digital commerce, and are well trained in customer-user interaction. You can contact them via email, phone, and even through social media apps like Twitter, Whatsapp, and Telegram.

  • Simple exchange mode.

With a maximum amount of $300 you can purchase cryptocurrency on the platform without having to register on the Timex platform using a simple medium of exchange. This gives users the opportunity to make purchases with a card, as well as receive digital assets to the address of their personal wallet. 

When a user creates a Timex account, it is possible to make transactions with a higher range of amounts. They also have the option to use a wallet created on the Timex platform for cryptocurrency transactions instead of using an external wallet.

  • Stablecoin AUDT

Users can make transactions with AUDT as well as with USDT. AUDT is a stable coin backed by Australian dollars in a 1:1 ratio. AUDT is fully regulated by the Australian Financial Intelligence Agency (AUSTRAC). This is a fully compatible stablecoin.

  • Integration with the trading terminal

You can use API keys to integrate the user's Timex account with partner trading applications to be able to trade seamlessly. You can use apps like TabTrader to have access to your TimeX's order books at any time.

  • Powerful API

The TimeX platform has an API feature that allows developers to create trading bots so that they can conduct high-frequency trading. This allows users to see that their trading strategies are effectively automated. It also promises speed in transactions and is also very convenient.

  • Affiliate Program

An affiliate program system has been created that allows customers to receive a percentage of the trading commission charged to the referral. All the client needs to do is create a link that is unique to your account. 

TimeX fees

TimeX charges a trading fee from takers - 0.50% per trade, and a fee from the manufacturer - 0.25%. This corresponds to the average trading commissions that exist in the world of cryptocurrency trading.

Security

TimeX has invested heavily in the security of its platform. Its security protocol is at the highest level, and the client's personal information and funds are kept as secure as possible. The security protocol is further enhanced by two-factor authentication, which makes it difficult for an external party to interfere with the client's account. This ensures that the final authority for any login to the customer account is granted by the actual customer. Thus, a third party can only access the client's account if authorization is granted, even if there is a compromise in the login password.

There is also a "Know Your Customer" policy, as well as an anti-money laundering regulation, according to which the platform must report violations in the client's trading or transactions. This requires the platform to collect information about its users for financial security purposes.

Summary

  • 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.
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