Citex

Citex.io Review

Citex.io is a relatively new cryptocurrency exchange platform, but it has been gaining popularity among traders over time. The platform was founded in April 2018, and its headquarters are located in Hong Kong.

It has a global presence and accepts traders from different parts of the world, including Europe and Asia.

Citex.io Bonuses

Citex does not have a special bonus to new users, but they do offer a referral program. The program designs to reward users who invite and make new registrations successful. In this program, each referral gains a commission based on the amount of trading fees generated by the new user referred. The commission is 10%.

Citex.io Safety and Regulation

Is Citex.io safe to use?

Citex.io emphasizes the security of your assets and personal information, and they have implemented several security mechanisms to protect you.

They use the highest standards of cold wallet storage, where most of the funds are stored offline for additional security. They have also implemented two-factor authentication (2FA) and an IP address binding feature, ensuring that users only access their accounts from their trusted devices.

Citex.io Licenses

Currently Citex does not seem to have any licenses from any country.

Citex.io Account Security Options

Citex.io offers its users a range of security options, including setting your own spending limits, enabling notifications for orders that exceed a specified amount, and putting in safeguards in case your account is compromised.

Deposits and Withdrawals on Citex.io Platform

How to Deposit Money on Citex.io?

Citex.io accepts cryptocurrency deposits, which can be in the form of BTC, ETH, LTC, and many more. Before depositing cryptocurrency, you must first create an account, verify it, and have a unique wallet address for each currency. You can buy cryptocurrency from other exchanges with fiat currency such as USD and EUR, then transfer it to Citex.io.

Another way is to deposit money through third-party providers using their Express payment method. This allows you to buy cryptocurrency using your credit card.

How to Withdraw from Citex.io?

Withdrawing funds from Citex.io is a simple process. Simply access the withdrawal option from your account menu and select your preferred withdrawal currency with your unique wallet address. Before proceeding to withdraw, make sure that your account is verified with all required information.

Citex.io Fees

Deposit Fees

Citex.io does not charge any fees on crypto deposits. When using their third-party payment providers to buy crypto using your credit card, the fees vary.

Withdrawal Fees

Citex.io charges withdrawal fees which vary depending on the currency withdrawn. For example, the withdrawal fee for Bitcoin is 0.0005 BTC, for Tether it's 20 USDT, for Litecoin it's 0.02 LTC.

Trading Fees

Citex.io charges a 0.2% trading fee; traders who hold the exchange’s own token, CTX, enjoy certain reductions on their estimated fees.

Trading on Citex.io Platform

Citex.io welcomes both novice and experienced traders. The platform has a clean interface, making navigation simple and ensuring that the trading process goes smoothly. The platform offers multiple unique trading products, including social trading, options trading, and leveraged trading.

How high leverage does Citex.io offer?

Currently Citex does not offer any leverage.

Citex.io KYC

Do you have to Verify Your Account on Citex.io?

No. You can deposit without KYC as well. But this case your daily withdrawal limit is low.

How to Verify Your Citex.io Account?

Citex.io requires users to submit a valid government-issued ID, a recent utility bill, and a selfie of yourself holding the ID to verify their identity.

Why and when should you Verify Your Citex.io Account?

Although it is not necessary to verify your account before making a deposit, a verified account might be mandatory before trading, withdrawing or utilizing other functionalities on the platform. Or you might also be able to trade and withdraw without KYC, the daily withdrawal limit can be rather low.

Citex.io App

Citex.io has an app that is available on Google Play and the App Store, permitting customers to keep up to date about the latest market information and execute trades anywhere and anytime.

Citex.io Earn

Citex.io provides its customers with an option for passively increasing their earnings by investing in different types of short- and long-term investment plans. The platform presents staking and savings options that allow average annualized returns of roughly 1% to 5%.

Citex.io Customer Support

Citex.io provides email support and a 24/7 customer service hotline to ensure users can reach out for help at any time.

Pros and Cons of Using Citex.io

Is Citex.io Simple to Use?

Yes, Citex.io is a straightforward platform that can be quickly and easily used by beginners, thanks to its clean interface and customer support features.

What do Traders think about Citex.io based on Reviews and Comments on other sites?

Based on Citex reviews on other websites, the overall impression is not very good. While it's a trustworthy exchange, the number of cryptos as well as payment options isn't too good. 

Final Thoughts

Citex.io is a secure and user-friendly crypto exchange that provides users from all around the world with a variety of trading instruments.

It is an excellent platform for both professional and amateur traders.

However, there are some drawbacks such as high withdrawal fees on certain currencies, low amount of cryptos.

Nevertheless, Citex.io is still an exchange worth checking out.

Top 3 Alternatives to Citex

1. Bybit
2. Mexc Global
3. Yobit

Author: Siim Einfeldt
I became interested in cryptocurrencies only a bit more than two years ago. Since then I have been in investing in cryptos using different exchanges. And I also launched Cryptolorium.com when I started trading, just to share my crypto journey and my results.