Tidex: customer reviews and overview in 2022.

• Categories: Crypto Exchanges

Analyzing Tidex Activities

It is worth noting that Tidex exchange has gained significant popularity due to its features for those who are just starting their journey into the world of cryptocurrencies. Analyzing reviews, company structure, and trading conditions can help clarify how effective the services provided are and what the team of Tidex users can expect.

Stages of Development for Tidex and Key Events

The organization started its activities in the cryptocurrency sphere back in 2017. The public presentation of Tidex development plans gives a clear idea of the path taken by the platform. However, there are moments that remain in the shadows. In particular, information about the legal address and platform creators undergo changes and revisions. The question of registration in different jurisdictions remains open.

The company strives to keep confidential information about its location. Hong Kong is mentioned in the user agreement, while confidentiality boils down to joint ownership of Tidex Inc. and registration in the Seychelles. As it turned out, this was nothing more than a fabrication, as no official registration of such a company could be found.

It is noted that in Hong Kong and Estonia, a cryptocurrency exchange is not formally established. There are no physical addresses on the web pages, indicating the absence of branches. Communication with customer support can only be done through email or social media. Users point out significant delays in responses, and sometimes, all correspondence is simply deleted.

Examining the Regulation Level of Tidex

While many countries, including the Russian Federation, are still discussing issues related to cryptocurrency market regulation, operators are not required to obtain special licenses. This allows exchanges and platforms to operate outside the supervision of government authorities, as is the case with Tidex.

Offers and Aspects of Exchange Activities

Here, trading is only available with cryptocurrencies, and the selection of assets is quite extensive (over 90 types). An attractive offer is the TDX token, which is distributed to all new users until May 25 as part of a promotional campaign. This has led to the influx of many newcomers, ignoring negative reviews and focusing on quick profits. Additionally, a referral program is actively promoted, with a 25% reward from the trading commission of each recruited trader.

In addition to trading, you can store cryptocurrencies like VLX, WWY, TONCOIN, and WAVES here. The yield is 3%, however, the period is not specified. There are also no details on withdrawing these investments.

All users are required to undergo verification. This is not just uploading passport data, but also taking a selfie mentioning the exchange and registration date. Verification is necessary to start trading. Without verification, only trading and exchange are possible, but fund withdrawal is not available.

How Tidex Owners Deceive Clients

Unlike many fraudulent platforms, Tidex adheres to certain standards. Funding and in-platform operations proceed smoothly. However, the money withdrawal process becomes complicated: delays, lack of support, and comments removal from social networks. Users from different countries face injustice. For example, customers from the US, after verification, found out about account closures due to the decision to cease operations in the country.

Showcasing positive Tidex reviews appears to be a collusion, as fund withdrawal is practically impossible.

Concluding the Tidex Review

The company’s history remains a mystery, including its registration. There are no licenses and account details, and traders complain about money withdrawal issues and account blocking. The trading conditions are attractive, but encounters with financial obstacles mar the impression of interacting with the platform.