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STEX

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About STEX

STEX Exchange: A Global Crypto Trading Hub

STEX, launched in 2017 (originally as Stocks.exchange), is a centralized cryptocurrency exchange registered in Estonia and operated by Etna Development OÜ. It targets a global audience across 190 countries, including Europe, the USA, Asia, and Latin America, offering a platform for trading a variety of digital assets with a focus on altcoins and initial coin offerings (ICOs).

What STEX Offers

  • Trading Pairs: Supports 45 coins and 56 trading pairs, including BTC, ETH, LTC, USDT, and altcoins like SURE/ETH, with a 24-hour volume around ₿92.03.
  • Fees: Charges a flat 0.20% trading fee for both makers and takers, reducible to 0.05% with KYC verification, and a withdrawal fee of 0.0005–0.002 BTC.
  • Features: Provides a mobile app (iOS/Android) with TradingView charts, limit/stop-limit orders, and a referral program; accepts various payment methods but no direct fiat deposits.
  • Accessibility: Open to personal and business accounts, with three verification levels to lower fees, and supports 3 languages.
  • Security: Claims robust security with email and withdrawal confirmations, though specific measures like cold storage aren’t detailed publicly.

Things to Consider

  • Regulatory Status: Licensed in Estonia, but lacks broader oversight, which might concern some users.
  • User Feedback: Mixed reviews—some praise fast withdrawals and low fees, while others report issues like data loss or site downtime, suggesting potential instability.
  • Liquidity: Active trading volume exists, but thin markets for less popular coins could impact execution.
  • Transparency: Team info is limited, with Vadym Kurylovych as a known figure, and past operational hiccups raise questions.
  • Activity: Despite claims of 300,000+ users, recent reports of site issues and low engagement warrant caution.

STEX offers a broad altcoin selection and competitive fees, making it appealing for niche traders, but its mixed reputation and potential inactivity suggest proceeding carefully. Check it out at https://stex.com if interested.