Honest review and feedback on the cryptocurrency exchange IDCM
The cryptocurrency exchange IDCM was established in 2017 by the corporation IDCG. At the moment, the organization’s trading volume exceeds 100 million dollars. However, in the post-Soviet space, the exchange is not widely popular due to the lack of a Russian-language interface on the official website idcm.io and the inability to deposit funds in rubles.
Regulation of activities
Official information about financial regulators is not available on the website. The management team and the main office of the exchange are located in Hong Kong. Some reviews claim that IDCM obtained a BSP license through cooperation with the Philippine organization Atomtrans Tech Corp, but there is no data on the website confirming these claims.
Trading platform overview
The interface of the cryptocurrency exchange is simple and understandable even for beginners. Basic tools for analysis and trading are available, such as price charts, order book, and a block with transaction history. There is no desktop version on the web platform, but there is a mobile application for Android/iOS devices.
Trading conditions
There are over 100 trading pairs available on the exchange. Clients can work with limit and market orders. The commission for trading operations with digital currency is 0.1%, with fiat currencies – 0.25% (free for takers).
Account funding and capital withdrawal
The procedure for depositing/withdrawing funds is standard. You can deposit funds with cryptocurrencies and fiat currencies. IDCM charges a 2% commission when depositing fiat money. There are minimum thresholds for each currency.
Additional features
The exchange offers the option to buy digital coins at market prices. There is also an affiliate program that allows you to earn by attracting new users. Customer support is available via email and online chat.
Review of feedback on the IDCM exchange
Most reviews about IDCM are available in English and Chinese. Users note the convenience of the interface and low fees, but point out the lack of a Russian-language interface and regulation.
Advantages and disadvantages
Among the advantages of the exchange are a wide selection of trading pairs, a user-friendly interface, support for mobile trading, and no fees for depositing crypto assets. Disadvantages include the lack of Russian adaptation, lack of regulation, restrictions on withdrawing cryptocurrencies, and the absence of an educational course for beginners.
Overall, IDCM is a simple platform for trading. For beginners, this can be a good choice, but the company lacks a Russian-language interface and detailed information on regulation. It is recommended to start trading with small amounts to assess the exchange’s capabilities.
Author: Victor Saltykov
I recently used IDCM for trading cryptocurrencies and I must say I was quite impressed with their platform. The user interface is easy to navigate and the trading fees are relatively low compared to other exchanges. I also liked the fact that they offer a wide range of cryptocurrencies to trade.
However, I did encounter some issues with their customer support. It took quite a while to get a response to my inquiries and the answers provided were not always helpful. This was a bit frustrating, especially when I needed assistance with a time-sensitive issue.
Overall, I would say my experience with IDCM was mostly positive, but there is definitely room for improvement in terms of customer support. I would recommend this exchange to those looking for a diverse range of cryptocurrencies to trade, but be prepared for potential delays in getting assistance if needed.