Our veredict

IDEX is a standout cryptocurrency exchange that merges the strengths of centralized and decentralized trading platforms through its hybrid model. This unique approach allows for rapid trade execution via an off-chain trading engine while ensuring security through on-chain settlements. Users maintain control over their funds as the platform is non-custodial, adding an extra layer of trust and safety. IDEX supports a variety of ERC-20 tokens and offers advanced trading features like limit, stop-loss, and market orders, catering to experienced traders looking for a robust trading environment​.
Despite its many strengths, IDEX has some limitations. It does not support fiat currency transactions, meaning users need to have cryptocurrencies to start trading. Additionally, Bitcoin trading is not available on the platform, which could be a drawback for those looking to trade this popular cryptocurrency. The interface, while user-friendly for seasoned traders, might be overwhelming for beginners. However, its dedicated customer support and staking rewards program make it a compelling choice for those deeply invested in the Ethereum ecosystem​.

Pros

Cons

3

Threenvest Score

Network

Ethereum

Fees

0.20%

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At Threenvest, we are unwaveringly committed to providing you with unbiased ratings and information. Our editorial team operates independently, free from any advertising influence. We use meticulous, data-driven methodologies to evaluate financial products and companies, ensuring that all assessments are conducted on a level playing field.

To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

Why choose IDEX?

Choosing IDEX as your cryptocurrency exchange brings several compelling advantages, especially for those who prioritize both performance and security in their trading activities. The hybrid model of IDEX combines the speed and efficiency of centralized exchanges with the security and control of decentralized exchanges. This ensures that trades are executed quickly and securely, leveraging off-chain trading engines for real-time updates and on-chain settlements for robust security​.
IDEX supports a wide range of ERC-20 tokens, making it an excellent choice for traders focused on Ethereum-based assets. The platform offers advanced trading features such as limit orders, stop-loss orders, and market orders, catering to both experienced traders and those looking to execute more complex trading strategies. Additionally, the staking rewards program allows users to earn passive income, which is an attractive feature for long-term investors​.
The user-friendly interface and dedicated customer support further enhance the trading experience on IDEX. While it may not be the best choice for absolute beginners due to its lack of fiat support and limited trading pairs, experienced traders will appreciate the high performance and security. The integration with popular wallets like MetaMask ensures that users can easily manage their assets while maintaining full control over their private keys.
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EIP and Cryptocurrency Investor

As an expert on our site, I highly recommend IDEX for experienced traders looking for a blend of high performance and security. IDEX’s hybrid model offers the speed of centralized exchanges with the security of decentralized platforms. With features like advanced order types and staking rewards, it stands out for those heavily invested in ERC-20 tokens. However, keep in mind it doesn’t support Bitcoin or fiat trading, which could be a limitation for some users.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

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Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.