Last update on: January 3, 2021

A cantralized cryptocurrency exchange from worldwide superior bookmaker 1xbet.

It is originally located in Limassol, Cyprus, as well as their maternal gambling-provider. It started in August 2017 and since that time has expanded a lot, especially due to cryptocurrencies listed.

The platform allows trading an enormous amount of cryptocurrency pairs, as well as obtaining an additional reward in form of rebait to the market makers. Head office of the company registered in Estonia, where most of the rest cryptocurrency exchanges maintaining their HQ. The reason for it connected with the Estonian legislature, which is the most crypto-friendly beyond all of the countries worldwide.

In order to put money in or out, they are offering to use fiat currencies, as well as any of the cryptocurrencies presented in the platform. This brief would estimate Crex24 as an exchange platform, summarizing all key issues.

Turnover and Markets

According to statistical resources, Crex24 has a $2,9 million daily volume of trading through the platform. An exchange consists of 560 coins presented in and over 860 different pairs, which puts them into 66 places on CoinGecko’s ranking of exchanges.

However, instead of such an extremely huge variety of currency’s pair listed, the highest share of currencies which are trading most belongs to Bitcoin – it’s share is 60% or approximately $950 000 per daily volume. The second one is Ethereum with a 39% total share or $623 000 daily traded volume.

The share of the rest cryptocurrencies presented is lower than 1% to each one. Furthermore, a lot of other coins can be characterized as a scam and some of them even had been described as scam-projects in several respectful crypto-medias.

On the screenshots below you see the total volume of the exchange:

As well as «Money Flow» due to last 24 hours:

Interface in a Glance

Crex24 has a quite informative and non-overloaded oceanic design with multiple screens and graphs.

As a key feature can be distinguished a TradingView graph which is fully integrated into the platform. It provides the info in 3 tabs: on a traditional graph with candles from TradingView, a market depth graph describing current demands and supply on the pair chosen, and the main info of certain coins with useful links.

There is also a trading history located lower, buy/sell button with extra data on it, a bid glass of orders to particular pair, and the instruments tab on the right side.

The main menu located at the top, would help to quickly navigate to account setting, report of your trading, faucets program, and games section, which was probably borrowed from 1xbet.

CREX Token

Crex24 exchange platform has developed their individual token with a ticket CREX. It is used to maintaining the ecosystem’s operation without outages.

A token can be obtained as a reward for burning the rest of the coins that haven’t been traded completely, as well as for burning delisted coins.

CREX can be exchanged on another cryptocurrency or fiat currency either. Furthermore, it can be used as a payment tool for commission charging or you can try your luck in one of the games presented.

Payments and Fees

The policy for money transfering is quite flexible, but at the same time stricked. In order to make a deposit or withdrawal funds, Crex24 is offering to use a credit/debit card or one of the presented payment systems: Perfect Money, Yandex Money, QIWI and ePay.

It is available to use both fiat currency and crypto, but for usage, fiat one is requested to pass through verification. Applicable fiat currencies for usage via Crex24 are the following:

  • USD

  • EUR

  • CNY

  • JPY

  • RUB

The amount of deposits starts from $1 or equal in another currency. The limits for withdrawing funds start from $3. A time period for withdrawing the funds endures from 2 to 5 working days, which is quite long.

The platform commissions vary from the trading volume of the particular trader and can be the following:

  • 0,20% — Trading Volume ≥ 0 BTC
  • 0,18% — Trading Volume ≥ 5 BTC
  • 0,16% — Trading Volume ≥ 15 BTC
  • 0,14% — Trading Volume ≥ 30 BTC
  • 0,12% — Trading Volume ≥ 50 BTC

All users are able to check their history of orders or existing orders at the moment inappropriate section, which is easy-to-navigate to via the main menu. Moreover, they can take part in the program of faucets which is offering free-coins every 5-12 hours to collect. It is hard to make a fortune this way, but instead quite pleasant.

Mobile App for Android

To a greater level of convenience of trading via Crex24 exchange, their developers have created a separate mobile application, which can be downloaded to smartphones and tablets based on Android.

The app follows the design of the platform and can be described as a pleasant addition to the traditional platform that allows you access to your assets at any time you wish. You can see the appearance of the application on the screenshots below.

For the rest of OS like Android or Windows, the app hasn’t been developed yet. However, the exchange is quite juvenile, so it can be changed recently.

Summary

In order to sum up, the 1xbet-gambling company has developed a pretty nice crypto exchange platform when the crypto-industry was on top of its popularity.

The fact that the exchange is still operating means that their team functions well, which can be proven by sufficient daily turnover on exchange.

For the other point of view, there are a huge amount of coins listed in the exchange, and the most part of them – no more than scams and don’t carry out anything beside them. Moreover, the platform is quite intransparent: there is no information about the team, developers, or any other details. For the exchange platform, it isn’t an advantage and raises suspicions about its fairness.

Frequently Asked Questions (FAQ)

How many 1xbet users are bidding?

The exact calculation, of course, was not carried out. But it can be argued that users of the 1xbet bookmaker use this platform.

What knowledge you need to have in order to make money in the cryptocurrency exchanger Crex24?

Quite a provocative question. You must have certain knowledge of online trading, knowledge of exchanges and cryptocurrencies.

But there is no such «recipe» that will definitely allow you to earn with a 100% probability.

Is the 1xbet bookmaker directly linked to this burse?

That's right. It was created by people involved in the bookmaker 1xbet.

How to make money on the exchange Crex24?

As with any other — analyze, invest and get results.