The web’s most detailed TimeX Exchange review: This hybrid cryptocurrency exchange runs on Ethereum plasma technology and is a perfect balance between decentralized blockchain solutions and centralized order match-making for traders who are serious about their daily operations. With an AUSTRAC regulation, TimeX Exchange is quickly scaling up to becoming a new powerhouse on the Australian cryptocurrency exchange market. Keep reading to learn exactly what to expect from this rather new digital asset platform.
In this section of our TimeX review we highlight 6 special features that deserves extra attention.
About TimeX Exchange
TimeX Exchange is an Australian-based hybrid cryptocurrency exchange that runs on the Ethereum plasma technology for a perfect mix of blockchain decentralized security and off-chain centralized order matching. The exchange was developed by a Sidney-based company called Chrono.tech back in 2019 and some of the common goals for the team behind the company are security, speed, and privacy.
Chrono.tech has over 30 employers located all around the globe and is a rapidly growing project that aims to give financial freedom through the blockchain where deposits from your bank account or bank card that are nearly instantaneous. With the option to deposit both fiat currency and digital assets, Timex Exchange is quickly getting recognized by the crypto community as a serious player.
Why use TimeX Exchange
Timex is a very beginner-friendly crypto trading platform that suits both newcomers and experienced traders where you have the option to day trade in the advanced interface or simply pick out new investments with the simple interface that lets you invest in new coins. The platform features very low entry level trading fees and a very favorable fee ladder for larger traders.
Due to the AUSTRAC regulation in Australia, Timex Exchange is considered to be a trustworthy and safe crypto exchange to operate on and if you are looking for a stable exchange to match your orders and handle your fiat deposits in a very well designed user interface, then Timex Exchange might be for you.
Trading on TimeX Exchange
As mentioned before, you can choose between the advanced trading interface or the simple version. The advanced version features a full day trading chart layout with several order types, market depth, and advanced charting from Tradingview which always guarantees very smooth charts without any lag.
The simple interface is a more basic swap function that suits investors perfectly. It is extremely clean and easy to use which will come in handy if you are only looking to swap your BTC for an altcoin or want to trade any other crypto-to-crypto pair.
Payment methods and limits
The current payment methods on TimeX Exchange are Bank Transfers, Credit Cards, POLi, SWIFT, PayId, SEPA Transfers, and cryptocurrency. The minimum deposit for fiat currencies on TimeX Exchange is $1, the minimum withdrawal limit is $1, and there is no maximum withdrawal limit when you withdraw cryptocurrencies from the platform.
Things we don’t like
I would love to see a stop-loss order type for all day traders who are interested in taking their trading to the next level. The stop-loss order is a crucial tool for traders to protect their downside. Also, a live chat with a human on the other side would make life easier for many traders, we hope the team behind TimeX Exchange is considering this.
Overlooking these small pitfalls, we consider TimeX Exchange to be a great hybrid crypto exchange and we recommend all our traders and investors to give it a try!
About The Special Features On TimeX Exchange
TimeX is a hybrid exchange that runs on Ethereum plasma technology which makes it half decentralized and half centralized. It has a lot of different special features to offer such as discounted fees for those with deep pockets that provide extra liquidity to the market. Since it is a semi-decentralized exchange, the platform uses the blockchain for inhouse transactions and all fiat deposits are solved through the centralized part. The platform also offers their user’s the possibility to track your transactions in real-time from your personal cryptocurrency portfolio.
The registration process on the platform is super quick and is not something that takes hours to complete. If you are looking to buy digital assets with fiat you will be asked to verify your identity through their KYC process which seems to be pretty updated and fast.
Through the TimeX OTC market, customers will be able to access the cryptocurrency market without being affected by the exchange market price. A lot of high net worth investors want to know how to buy a large number of Bitcoins and we would say that TimeX has the solution for that. On TimeX will be able to purchase cryptocurrencies over the counter with a minimum of 25,000 AUD.
On the blog page, you will find very good insights into the latest news in the crypto space and what’s new on the actual platform. They always make sure to highlight new coin listings, update their clients with cryptocurrency tax issues, write guides on the advantages of paying with Bitcoin, and also some tips on how much Bitcoin you should by depending on your wallet size and risk tolerance. Check out the blog page for newsworthy content.
With PaymentX you are able to pay your employees in digital assets, or cryptocurrencies, just like you would with fiat currencies. It lets you pay your workers in one single click and you can create invoices denominated in dollars or any other currency you prefer. PaymentX can be used from any device to set up recurring invoices and professional invoices with transaction history.
If you are looking for a job through cryptocurrency or blockchain technology, then you should definitely check out LaborX. This platform helps freelancers and clients connect and provides great transaction protection through smart contracts. LaborX is a great place to find new crypto jobs. Head over to the platform today, apply your skills and get in contact with your future crypto job.
Is TimeX a safe exchange?
Yes, we consider TimeX to be a safe exchange. Besides their regulation in Australia, they also cover more safety factors as KYC documentation, 2-factor authentication.
Is TimeX Exchange regulated?
Yes, the platform is regulated by the Australian government, also known as AUSTRAC. This ensures that the company follows all the necessary safety guidelines that the crypto industry requires.
Frequently asked questions
Read the most frequently asked questions about TimeX Exchange. Find answers without searching the web.
No, by the time this review was written they did not yet have any app for their members.
There are seven different payment methods to offer and they are, Bank Transfer, Visa, Mastercard, POLi, SWIFT, Bank Transfer, and SEPA payment.
No, it does not have any minimum limits for either deposit or withdrawal. But according to their website, this might change in the future.
Yes, we do consider it as a safe cryptocurrency exchange and considering they are regulated by the Australian Government and the fact that they are using 2-factor authentication.
Yes, the exchange offers all of their customers the opportunity to purchase Bitcoin with many different Fiat solutions, Visa, Mastercard is some of them.
Judging from their website, anyone that is not barred from receiving the services under AU laws is welcome to use the exchange.
The company behind the platform is based in Australia.