OrangeX is a cryptocurrency exchange that claims to maximize the capabilities of its experienced team. The exchange boasts of proficient copy trading services, which are accessible in over 20 languages across the globe.
Are you thinking of trading on OrangeX? This OrangeX review highlights all the features and products, fees, pros, and cons of the exchange to allow you to make the best choice for your future trading.
OrangeX Overview
OrangeX is a crypto trading platform that prides itself on creating an environment for investors to make a better future through cryptocurrency investment.
Established in 2021 in Seychelles, and England, OrangeX is a rising crypto exchange that offers basic services to its customers including spot and futures trading. The exchange currently boasts a user volume of 1 million+ registered people worldwide, and has a 24-hour trading volume of $1 billion on the spot market and $1.8 billion on its futures market at the time of writing. There are also over 250 supported cryptocurrencies with 338 trading pairs for users to select from.
OrangeX trading interface is powered by a superior trading engine built by experts from the banking industry. With this high-performance engine, OrangeX performs 10,000 transactions per second. The exchange provides a user-friendly user interface, and although it provides both spot and derivatives services, it specializes in derivatives trading. It also provides a copy trading platform for newbies to apply the strategies of advanced traders on the platform, all in one click.
Unfortunately, OrangeX does not support fiat currencies for customers, and all deposits and withdrawals are made in cryptocurrencies.
Trading fees on the exchange are low and comply with industry standards. Fees are charged at 0.1% maker/taker for spot and 0.02/0.05 for futures maker/taker.
Furthermore, OrangeX is fully regulated with high-security ratings. The exchange holds regulatory licenses from the US and has been awarded MSB and NFA certifications. It also guarantees users 100% reserves in holding. Its customer care service is also top-notch with 24/7 customer live chat, email, and social media support.
Pros and Cons
| 👍 OrangeX Pros | 👎 OrangeX Cons |
|---|---|
| ✅ Good user interface | ❌ Limited amount of products |
| ✅ Seamless trading network | ❌ Not suitable for advanced traders |
| ✅ Fully licensed by the US | ❌ Does not support fiat currencies |
| ✅ Provides a wide variety of assets | ❌ Crypto withdrawal fees can fluctuate due to unstable networks |
| ✅ Excellent customer care services |
OrangeX Signup and KYC
Signing up on OrangeX takes you no more than a minute or two due to its quick and easy signup process. To register, all you need is your email and a strong password.
So what do you do?
- Visit the OrangeX page and click on register.
- Enter your email and form a strong password.
- Confirm your email address by clicking the verification link sent to you.
With these three steps, you have created an account on OrangeX. To continue using the exchange, however, you have to complete your KYC verification. For OrangeX, there are three KYC types, these are; Basic, Individual, and Enterprise verification. Each verification has its benefits.
- For the basic account, users can immediately access the trading functions and make deposits and withdrawals. The withdrawal limit will be 30,000 USDT.
- For individual verification, users will be allowed to perform trades, have access to the fiat top-up function, and withdraw up to 1,000,000 USDT.
- Users will be asked to submit documents about their business for enterprise verification, including the registration certificate. After doing this, users can withdraw up to 1,000,000 USDT.
To complete your KYC, follow these easy steps.
1. Head over to the OrangeX homepage and click the verification icon on the top right of the screen.
2. Select the KYC type that you wish to complete.
3. Fill out the form, submit the required documents for the KYC verification you have selected, and click confirm.
4. Head over to your dashboard after your KYC has been approved and start trading.
OrangeX Trading
OrangeX provides spot and futures trading services to users all over the world. The exchange however is not suitable for advanced traders due to its lack of advanced trading tools and relatively low liquidity. With a simple user interface, OrangeX is a great place for beginners to hone their trading skills and build their awareness of the markets.
Spot trading
OrangeX has a simple and fun user interface for spot trading. Its unique trading engine ensures that traders enjoy a seamless network to execute their trades.
Users have access to several tools including limit and market order tools, drawing tools, and an exclusive TradingView terminal to search out the markets they wish to trade on for better technical analysis and more advanced tools. There are currently 157 trading pairs on the OrangeX spot interface, including the more popular pairs like BTCUSDT, ETHUSDT, and SOLUSDT.
Spot trading on OrangeX attracts a fee of 0.1% for the maker/taker.
Lastly, users trade cryptocurrency at minimal spreads and have early access to crypto gems on the token listing service.
Futures trading
Futures trading is OrangeX’s preferred trading interface for users to maximize profits on the markets. Futures trading on OrangeX is perpetual, allowing users to open a position for as long as they want. It has TP/SL tools for the execution of trades.
Futures trading on OrangeX supports over 100 USDT-margined contracts with low fees. It also allows cross-margin trades and offers leverage up to 200x.
Trading on OrangeX futures attracts 0.02% for makers and 0.05% for takers. There are currently 184 trading pairs for the futures exchange on OrangeX.
OrangeX Fees
OrangeX offers competitive fees compared to some of the larger names in the crypto industry.
Spot fees
Spot fees on OrangeX are at 0.1% for makers and takers.
Futures fees
Futures fees on OrangeX are 0.02% and 0.05% for makers and takers.
Withdrawal fees (crypto)
Withdrawals on OrangeX can only be done in cryptocurrencies. The withdrawal fees differ for each cryptocurrency. The fees are calculated based on the network of the selected crypto asset. For instance, the withdrawal fee for BTC is 0.0006 while the withdrawal fee for ETH is 0.0036 ETH. The minimum withdrawal fees are determined based on the KYC verification that users complete.
Withdrawal fees on OrangeX can fluctuate based on the volatility of the markets. This means that additional fees can be taken if the market is unstable.
OrangeX products and Services
There are not many products available on OrangeX for users to choose from. The exchange only provides a copy trading platform, spot and futures trading, and OrangeX’s Candyland product.
Copy trading
OrangeX copy trading allows users to mimic the trades of experts on the platform and maximize profits. The platform is a great place for newbies to learn the perks of technical analysis by copying the analysis of advanced traders and applying them.
OrangeX provides a one-click copy trading platform where you can imitate another person’s trade with just a simple click. It also offers tutorials on what copy trading is and how to become a leader on the platform.
OrangeX Candyland
OrangeX Candyland is the exchange’s airdrop program. It allows users to have quick access to newly released airdrops. There is currently only one completed airdrop available on the platform.
OrangeX Mobile App
The mobile app is built to carry out all the exchange’s features just like the web terminal. It is available on all Android and iOS devices.
The OrangeX mobile app is a user-friendly platform that allows you to trade cryptocurrencies anytime, anywhere. Here are some key features of the app:
- Trade Anytime, Anywhere: The app is compatible with multiple devices, including Android and iOS. You can buy and trade bitcoins and other cryptocurrencies at your convenience.
- Multiple Trading Selections: To fully meet users’ demands, OrangeX provides multiple trading selections. One of these is the One-Click Copy Trade feature, which provides traders and followers with a friendly, convenient, and transparent experience.
- Safe & Secure: OrangeX conducts leading security solutions, including a complete hot and cold wallet solution and risk control system, ensuring account safety with careful monitoring of all suspicious activity.
- 24/7 Customer Support: OrangeX offers round-the-clock customer service with multi-language support.
- Affiliate Program: Users can become OrangeX’s partner and earn the industry-leading trader’s commission.
OrangeX Security
OrangeX places a high priority on security. Here are some key aspects of their security measures:
- High-Security Rating: OrangeX has passed the security tests of multiple internationally renowned security companies, earning a high-security rating.
- Insurance Funds: OrangeX has 1,000 BTC as insurance funds to provide users with a safe trading experience.
- Two-Factor Authentication (2FA): OrangeX supports 2FA, which adds an extra layer of security to user accounts.
- Hot and Cold Wallet Solution: OrangeX conducts leading security solutions, including a complete hot and cold wallet solution and risk control system, ensuring account safety with careful monitoring of all suspicious activity.
These measures help OrangeX to encourage crypto circulation at a global level and promote the formation of global liquidity while ensuring the safety of its users.
OrangeX Customer Service
OrangeX is known for its dedicated customer service. Here are some key aspects:
- Global Services: OrangeX provides global services in 20 languages, catering to a diverse user base.
- 24/7 Availability: Users can reach OrangeX’s customer service team anytime via live chats, email, or multi-language communities. This ensures that users’ queries and issues are addressed promptly.
- User-Friendly Interface: OrangeX provides an interface through which customers can trade with comfort and convenience, enhancing the overall user experience.
Conclusion
OrangeX is an exchange that provides great security and a user-friendly interface for customers to trade and store cryptocurrencies. The platform also has a wide range of cryptocurrencies for users to select from with a seamless trading engine and elite customer service.
While OrangeX is a good option for newbies, it is generally not a good platform for advanced traders due to its lack of advanced trading tools. It also doesn’t support fiat currencies for users to enjoy and has a very limited amount of products to select from. This does not make it a good exchange for investors seeking to stake cryptocurrencies or store fiat currencies.
FAQs
Is OrangeX legit?
OrangeX is a crypto exchange that has been regulated by the US regulatory body and awarded the MSB and NFA certifications. This makes it a legitimate platform for users to trade.
What are OrangeX fees?
OrangeX charges a standard 0.1% maker/taker fee for spot and 0.02%/0.05% maker/taker fee for futures trades.
Is OrangeX available in the US?
OrangeX is a fully licensed platform that is available to users in the US.
Where is OrangeX located?
OrangeX is a secure cryptocurrency exchange located in Seychelles.
