OrangeX is a cryptocurrency exchange that emphasizes the expertise of its experienced workforce. They provide proficient copy trading services in over 20 languages throughout the world.
Are you considering trading on OrangeX? This article will show you all of the exchange’s features and products, fees, advantages and disadvantages to help you make the best decision for your future trading.
Overview of the OrangeX exchange
OrangeX is a crypto trading platform that builds an environment for investors to make a better future through cryptocurrency investment.
OrangeX was founded in 2021 in the Seychelles and England. It offers its users basic services including spot and futures trading. Currently, the exchange has over 1 million registered users globally, with $1 billion of trading volume on the spot market and $1.8 billion on the futures market every 24 hours. Additionally, more than 250 supported cryptocurrencies and 338 trading pairings are available for you to choose from.
OrangeX’s trading interface is supported by an advanced trading engine developed by banking industry specialists, which helps OrangeX perform 10,000 transactions per second. The exchange provides a user-friendly interface and mostly focuses on trading derivatives, even though it supports both spot and derivatives services. It also offers a copy trading platform for beginners to apply the strategies of many successful traders on the platform with one click.
Unfortunately, OrangeX does not accept fiat money from users, all deposits and withdrawals must be made using cryptocurrency.
Trading fees on the exchange are low and consistent with industry standards. For spot transactions, fees are calculated at 0.1% maker/taker and they are determined at 0.02/0.05 for futures tradings.
In addition, OrangeX has good security ratings and is fully regulated. The exchange holds US regulatory licenses and has been certified by the NFA and MSB. Additionally, it assures consumers that their holdings are 100% reserved. It also has excellent customer service, with live chat, email, and social media support available 24/7.
Pros and Cons of OrangeX
|
Bebefits |
Drawbacks |
| 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 range of assets | Crypto withdrawal fees can fluctuate due to unstable networks |
| Excellent customer services |
OrangeX Sign up process and KYC
OrangeX’s registration procedure is very easy and quick, taking about a minute or two at most. All you need is a secure password and your email address to register.
What do you do?
- Access the OrangeX page and click on Register.
- Enter your email and create a strong password.
- Confirm your email address by clicking the verification link sent to you.
You have successfully established an OrangeX account after completing these three steps. However, you must finish your KYC verification in order to continue using the exchange. OrangeX offers three different levels of KYC: Basic, Individual, and Enterprise verification. There are advantages to each type.
- Users may instantly access trading features and make deposits and withdrawals with the basic account. It allows a maximum withdrawal of 30,000 USDT.
- Users will be able to trade, use the fiat top-up feature, and withdraw up to $1,000,000 USDT for individual verification.
- For enterprise verification, users will need to provide documentation regarding their company, including the registration certificate. Users can then withdraw up to $1,000,000 USDT.
To complete your KYC, follow these steps.
- Go to the OrangeX homepage and choose the verification icon on the upper right corner of the screen.
- Select the KYC type that you would like to do.
- Complete the form, submit the required documents for the KYC verification you have selected, and then Confirm.
- Once your KYC has been authorized, go to your dashboard and begin trading.
OrangeX Trading Services
OrangeX provides both spot and futures trading to their users globally. However, because of its limited liquidity and lack of advanced trading tools, the exchange is not appropriate for experienced traders. OrangeX is an excellent platform for novice traders to improve their skills and expand their market knowledge because of its user-friendly layout.
Spot trading
For spot trading, OrangeX provides a user-friendly interface, therefore, traders may conduct transactions on a seamless network with the help of its trading engine.
A variety of tools are available to users such as drawing tools, limit and market order tools, and an exclusive TradingView terminal that allows them to search for the markets they want to trade on in order to obtain more advanced instruments and better technical analysis. Presently, the OrangeX spot interface offers 157 trading pairs, including many well-known pairings: BTCUSDT, ETHUSDT, and SOLUSDT.
OrangeX charges a maker/taker fee of 0.1% for spot trading.
Finally, consumers may trade cryptocurrencies on the token listing service with low spreads and have early access to crypto gems.
Futures trading
Futures trading is OrangeX’s recommended trading platform for traders looking to maximize earnings on the markets. OrangeX offers perpetual futures trading, allowing customers to open positions for as long as they want. It includes trade execution tools such as TP/SL.
Over 100 USDT-margined contracts with affordable costs are supported by OrangeX’s futures trading. In addition, it provides leverage up to 200x and permits cross-margin trading.
OrangeX futures trading attracts 0.02% for makers and 0.05% for takers. OrangeX’s futures exchange presently has 184 trade pairs.
OrangeX Fees Structure
OrangeX offers competitive fees compared to some of the bigger competitors 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)
On OrangeX, withdrawals are only processed in cryptocurrency. Withdrawal fees are determined depending on the type and the network of the chosen crypto asset. For example, the withdrawal charge for ETH is 0.0036 ETH, but the withdrawal charge for BTC is 0.0006. The minimum withdrawal fees are also set based on the KYC verification that users complete.
OrangeX withdrawal fees might change according to market volatility. It means that the more unstable the market is, the more fees you might be charged.
OrangeX Products and Services
OrangeX offers a limited number of products for users to choose from. Only spot and futures trading as well as OrangeX’s Candyland product, are offered on the exchange.
Copy trading
Through copy trading on OrangeX, customers can mimic professional traders and increase their earnings. The website is an excellent resource for beginners to learn the benefits of technical analysis by imitating and using professional traders’ analyses.
With only one click on OrangeX’s copy trading platform, you can copy another person’s transaction. Additionally, it provides instructions on What copy trading is, and How to become a platform leader.
OrangeX Candyland
OrangeX Candyland is the airdrop program of the exchange. It gives consumers quick access to the latest airdrops. At present, the platform only has one completed airdrop available.
OrangeX Mobile App
The mobile application is designed to perform all the exchange’s functions as the web terminal. Every iOS and Android smartphone can utilize it.
The OrangeX mobile app is a simple platform that enables you to trade cryptocurrencies at any time. The app has the following features:
- Trade Anytime, Anywhere: The app is compatible with both Android and iOS devices. You can trade bitcoins and other cryptocurrencies conveniently
- Multiple Trading Selections: OrangeX offers a variety of trading options in order to completely satisfy consumer needs. One of these is the One-Click Copy Trade feature, which provides a friendly, convenient, and transparent experience for its members.
- Safe & Secure: OrangeX applies leading security solutions, including a complete hot and cold wallet and risk control system, ensuring account safety with careful monitoring of all suspicious activity.
- 24/7 Customer Support: OrangeX offers all the time 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 always prioritizes security over other factors. The following are some features of their security measures:
- High-Security Rating: OrangeX has passed the security tests of multiple internationally renowned security firns, 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 techniques assist OrangeX in encouraging cryptocurrency circulation on a worldwide scale and promoting the establishment of global liquidity while assuring user safety.
OrangeX Customer Service
OrangeX has a strong reputation for providing dedicated customer support. The following are some crucial elements:
- 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 24/7 via live chats, email, or multi-language communities. This ensures that users’ queries and issues are addressed immediately.
- 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 where users can trade and store cryptocurrencies with superior safety and an easy-to-use interface. Users may choose from an extensive range of cryptocurrencies on the platform, offering a seamless trading engine and outstanding customer support.
OrangeX is an excellent platform for novice traders, but because it lacks advanced trading features, it is typically not an appropriate option for experienced traders. It also does not support fiat currency and offers quite a restricted selection of products. Because of this, it is not a recommended exchange for investors looking to hold or stake fiat money.
Frequently Asked Questions (FAQs)
Is OrangeX reliable?
OrangeX is a cryptocurrency exchange that has received certificates from the NFA and MSB and is governed by a US regulatory authority. As a result, people can trade on it legitimately.
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 accessible for US investors?
OrangeX is a fully licensed platform available to traders in the United States.
Where is OrangeX located?
OrangeX is a secure cryptocurrency exchange based in Seychelles.
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