STEX is a FinCEN-regulated crypto exchange based in Seychelles with over 400+ altcoins listed (400+ active pairs) and over 50 fiat currencies accepted for instant deposits through Visa, Mastercard, Apple Pay, and several local payment solutions. The exchange offers a great charting interface by TradingView, a high-quality mobile app, very favorable trading fees, and most importantly, bank-grade security. STEX is growing quickly and after conducting the review of this platform it is clear to me why traders and investors trust STEX, it delivers on its promise of buying, selling, and trading crypto seamlessly. For those of you who are interested to know the full story and to see what hides under the hood, keep reading our full review of the STEX crypto exchange.
• High security due to MSB regulation from the Financial Crimes Enforcement Network
• Excellent support team with rapid answers through live chat
• Seamless mobile app with the same utility as the desktop version
• STEX lacks a few risk management order types such as stop loss and trailing stop loss
• There is no option to short-sell coins for professional traders
• There is no performance tracking tool to measure the overall portfolio performance
In this section of our STEX review we highlight 6 special features that deserves extra attention.
STEX is a Seychelles-registered crypto exchange with a wide range of features for both active crypto traders and long-term investors. The platform opened its doors in 2018 and is currently operated by a company called Data Protection Corporation with its headquarters located at Suite 9, Ansuya Estate, Revolution Avenue, Victoria, Seychelles.
After acquiring a FinCEN-regulation as a Money Service Business (MSB), STEX took one step closer towards a bank-grade security level which increases the safety of the exchange by miles. The main goal of the team behind STEX has been clear since its inception, to offer crypto investors all over the world the best fiat-to-crypto exchange and on-ramp for both desktop and mobile while at the same time serving active traders with a fast and responsive trading interface.
Why use STEX
What is unique about the STEX exchange is definitely the 400+ coins (over 400 active trading pairs) and over 50 fiat currencies that enable traders from all corners of the world to both invest and trade most of the major digital assets as well as some of the more exotic coins on the market. If you are looking for an exchange that offers instant deposit methods through bank cards and a big list of coins that are traded under strict security, then STEX might be for you.
After conducting this review, it’s obvious that STEX is for both long-term holders and short-term traders due to the fiat gateway and the robust trading interface that is run by TradingView charts for an excellent and smooth charting experience. Both one-click trading and limits orders are directly available from the order selection tab which gives investors the flexibility to work both fast and flexible.
Another thing I want to mention that I was happily surprised with on STEX is the support team. Usually, exchanges that have a bigger following lack a proper live chat channel with human support agents, however, this was not the case on STEX. I got in contact with Kate in less than 1 minute and all questions were resolved very professionally. Kate even sent me the history of our conversation by email so I could go through what we discussed earlier, ten points for Kate!
Trading on STEX is both cheap and powerful thanks to a trading fee ladder that takes you down to 0.10% transaction fees with full verification, a full order book, depth-chart, limit, and market orders. Should you wish to change market due to a change of pace in a different trading pair, simply scroll through the list of trading pairs to the right where you can see all updated quotes with gains and losses included.
The trading platform on STEX is equipped with all necessary trading tools that active day traders might need such as transparent fees, technical indicators, all time-frames, logarithmic charting, and the option to only see the buy or the sell-side of the order book. These features are also available through the mobile app so no matter where you are you can keep track of the markets straight from your smartphone.
The STEX mobile app lets you add price alerts that will notify you when a certain coin breaks an important price level. This is a very strong feature for traders that are busy working during office hours but still want to get involved when the market is on the move. The mobile app also lets you buy crypto with your bank cards directly from the phone, simply click the coin icon in the top menu and add your details.
How to use STEX
STEX is a beginner-friendly crypto exchange that doesn’t require much previous knowledge. Since they support fiat deposits with more than 50 accepted currencies, the on-ramp for new investors is very smooth. Trading doesn’t either take much figuring out to do but if you need a little help along the way from deposit to your first position, here is a quick step-by-step guide on how to use STEX:
- Create an account and verify your identity.
- After verified, locate the Buy Crypto tab in the main menu.
- Choose your local currency and the cryptocurrency you want to buy.
- Select a payment method from the list.
- Enter all your details to make the deposit.
- Afte receveing the coins, click the Trade tab in the main menu.
- On the right hand side, select the trading pair you want to trade with your coin.
- Select market order for direct market acces or use limit order for a specific price.
- Click BUY.
That’s it. You’ve now bought coins with your local currency and made your first trade on the STEX platform. From here I would recommend that you add some price alerts for the most important price levels of the coin you are trading and update the security section of your account. STEX offers several extra steps to increase the security in a few short steps.
Regarding minimum deposit limits for each coin can be found on the STEX platform under trading pair specification.
STEX Category Rating
Things to improve on
I don’t have many negative comments about the STEX crypto exchange, I find it useful for traders and investors at all levels. Normally we bash on government regulations, support channels, mobile apps, or educational material but STEX checks all these boxes. Well done!
STEX Trading Fees
About the STEX special features
There are a couple of platform features that deserve extra attention such as the ease of buying cryptocurrencies with your bank card, the price alerts, the DeFi auctions section, the blog, the mobile app, and the security features. It’s worth mentioning that STEX is a safer place to buy and trade cryptocurrencies than many other major crypto exchanges that are more popular.
When we do reviews of exchanges we try to dissect everything from the order types to how the support team handles their customers and in the case of STEX we are happy to announce that they pass with flying numbers. We like to see platforms that handle things with speed and that is the case on STEX.
The DeFi auction features the world’s first commercial real-estate-backed DeFi project. The project, Jointer, is an investment opportunity that runs on the Binance smart-chain where investors can invest capital in daily auctions, earn high returns, and liquidity with very low risk, and you can win JNTR at each auction. The platform also allows you to stake and earn rewards of up to 2% in JNTR.
Buy Crypto with Bank Card
This is one of the most valuable elements for sure and if you are looking for instant access to digital assets this is one of the best ways to get involved with your favorite projects that are featured on STEX. The entry fee is pretty low and most major fiat currencies are available.
This is a very underestimated tool that very few beginners traders and investors use. The main reason seasoned traders and experienced investors is to get notified when important price levels are broken, both on the upside and the downside. Many long-term investors add price alerts to bottom fish coins that break lower whereas active day traders use price alerts as breakout alerts when prices break out to the upside. By using these alerts you can leave the charts and focus on finding new coins to invest in.
The mobile app is pretty much an extension of the desktop version where all the features are readily available from your smartphone. Buy, sell, trade, or transfer your coins seamlessly while out of the office or away from your desk in an easy-to-use fashion. Several of the key features such as limit orders and stop-limit orders can be found in the app as well making it suitable for all traders alike.
The blog is full of great educational material with a mix of trading tips and new stories from the cryptocurrency world. The blog covers global stories as well as local updates of the STEX platform with a wide variety of content for both beginners and experienced investors.
Our own experience with STEX
STEX Funding Methods
STEX Withdrawal Fee
Is STEX Exchange regulated?
STEX is regulated as a Money Service Business (MSB) in the United States by the Financial Crimes Enforcement Network (FinCEN) and thereby cements its safety infrastructure by taking one more step towards bank-level security.
Is STEX secure?
Yes, STEX has taken extra steps to assure that your crypto is secure when kept on the platform. Below is a list of security features that can be activated from the account section. The app also has biometric login to ensure maximum security through your smartphone as well.
- Web Authentication with Security Key
- Email Encryption
- Anti-phishing code for emails
- Login IP whitelist
- Two-Factor Authentication
Is STEX legitimate and safe to use?
Yes, we consider the STEX crypto exchange to be an excellent choice for investors and traders who prioritize security before anything else. Blockchain technology in its nature is safe to use and this combined with the government regulation puts STEX on the list of some of the safest exchanges on the market.
Frequently asked questions
Read what other investors ask about STEX Exchange. Find answers without searching the web.
STEX is a Seychelle-registered crypto exchange that offers fiat on-ramps in over 50 currencies. Besides this, the platform features over 400 cryptocurrency trading pairs with a mix of many legacy coins and new more exotic tokens.
To withdraw cryptocurrency from the exchange simply navigate to your profile in the top right corner and select Balance. From here, select the coin you which to withdraw and click "Withdraw". Add the wallet address where you want to receive the coins and then proceed with the withdrawal.
that is headquartered at this address Suite 9, Ansuya Estate, Revolution Avenue, Victoria, Seychelles.
Yes, you can. Trading on trading on STEX is possible without identifying yourself, however, if you choose to send in your KYC documents your limits are increased and the trading fee is lowered depending on the verification method you choose. All the different verification methods can be found under "Verification" in the top right profile menu.
Yes, there are roughly 290+ cryptocurrencies supported on STEX.
After creating an account and verifying your identity, head over to the Balance portal of your account located in the top right corner of the home page. From here, select the coin you wish to deposit and follow the steps. If you wish to buy coins with fiat currency simply click the "Buy Crypto" tab in the main menu and follow the steps.
From the home page, locate the profile tab in the top right corner and click "Verification". From here you can choose your level of verification. Each verification level has its own benefit, if you choose to verify through Cryptonomica your trade fee will get lowered to 0.10%.
The exchange is operated by Data Protection Corporation.
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