Tidex

Tidex Exchange

Tidex, launched in 2017, started as a centralized crypto exchange with ties to the Waves platform, initially based in the UK before shifting its registered base to Lithuania under UAB “Tidex Tech” in Vilnius. It aimed to be a user-friendly spot for trading a wide range of cryptocurrencies, but recent data suggests it’s facing challenges, with some calling it inactive or unreliable due to low activity and user complaints. As of now, its 24-hour trading volume is minimal, hovering around $26.26 for its TDX token, reflecting a sharp decline from its past.

Highlights of the Platform

Tidex once stood out with its support for over 120 trading pairs across BTC, USDT, and USDN markets, featuring popular coins like BTC, ETH, WAVES, ADA, and DOGE, alongside niche Waves assets. It offered a flat 0.2% fee for takers with no maker fees, which was competitive, and deposits were free, though withdrawals carried costs like 0.0001187 BTC for BTC or 0.0026 ETH. The platform’s easy KYC process—starting with just email and phone verification—appealed to beginners, while advanced features like margin trading and a demo mode added depth. It also launched a native TDX token for fee discounts and ecosystem perks, plus recent additions like NFT swaps and a “Wear2Earn” feature, hinting at a metaverse push.

What to Watch Out For

The exchange’s status is murky—CoinGecko lists it with zero active coins and pairs, and posts on X warn of withdrawal issues and blocked funds, with some labeling it a scam. It lacks clear regulatory oversight, despite claims of GDPR compliance, and its security history is mixed, with no major hacks but growing user distrust, especially after reports of unprocessed withdrawals. Liquidity seems poor, and the interface, while simple, hasn’t kept up with modern demands. The focus on crypto-to-crypto trades without fiat support limits accessibility, and the shift to Lithuania raises questions about its operational stability. Given the sentiment and data gaps, it’s wise to approach with caution or avoid it altogether. Check their site at https://tidex.com for the latest, but don’t expect much action right now.