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UEEx, a fast-growing crypto trading platform, boasts over 1 million users across 110 countries, offering 230+ trading pairs and aiming to be the world’s top digital asset platform.
UEEx is an up-and-coming trading platform that has gained considerable traction in recent years. Founded in 2021, UEEx has over 1 million registered users, presence in over 110 countries and features more than 230 trading pairs.
With its commitment to becoming the world’s top digital asset trading platform, the platform offers various intriguing features and services. UEEx states that it is an online platform that offers much more than traditional exchanges. Let’s explore if this claim is true and see if users should opt for this exchange over others.
Overview
Website https://ueex.com/ Trading volume $ 1,888,888,999 (24 hour trading volume) Trading options Spot trading, Margin trading, Futures trading, Stock trading Trading fees Spot Trading 0.09%; Futures Trading 0.05% Trading pairs 230+ Supported fiat USD, SGD, JPY, KRW, PHP, VND, IDR, NGN, MMK, TRY, AED, THB, CNY, HKD Native Token UE Coin Mobile App Yes
Features
UEEx has a range of features that users might find compelling. For one, the platform supports fast and easy fiat to crypto transactions for buying and selling. This is an advantage that sets the exchange apart from several newer platforms entering the market.
One of its other features is spot trading. Investors can engage in real-time trading across a variety of selected crypto. Futures trading is yet another option available to traders. The platform supports bi-directional perps with a leverage up to 125x.
A new style of trading that is now a fan favorite is copy trading. Copy trading involves having the option of copying the trading styles and practices of more successful or popular traders. The UEEx platform offers this provision and investors can gain insights from successful traders by replicating their strategies
Demo trading is another method that a lot of new and novice traders tend to adopt before jumping into actual trading. Through UEEx’s demo trading option, traders can refine and enhance trading skills without exposure to risks of loss.
UEEx also offers margin trading through which users can amplify their trading potential with the platform’s contract leverage options. Additionally, it provides stock trading as well. This all leads up to the fact that through the platform’s provisions, users can enrich and manage their investment portfolio in one place.
Adding to all of these features, is its loan service. The platform supports BTC, ETH and UE Coin as collateral to improve fund efficiency.
Native token
UE Coin is the native utility token of the UEEx ecosystem. This token has two main functions. One, it is used to pay transaction fees. UE Coin is used for processing transactions on the UEEx platform.
The second function is staking. Users can stake UE Coin to operate validator nodes on the network and take part in governance decisions.
The presale price for the token is 0.001 USDT, with a total supply of 10 billion UE and a circulating supply of 1.5 billion UE. It operates on the BSC Chain. The token distribution includes 15% for the user presale (1.5 billion UE), 75% for mining rewards (7.5 billion UE), and 10% for ecosystem development (1 billion UE).
The fund allocation includes 35% for platform and system upgrades, including team recruitment, training, and development; 50% for brand promotion and marketing, covering blockchain innovation, education, advertising, and user acquisition; and 15% reserved for potential emergencies or unforeseen situations.
Pros
UEEx has numerous advantages that make it versatile. Firstly, the exchange offers various features that make it suitable for a wide range of users, from beginners to advanced traders. On the platform’s website is an entire section dedicated to educating new traders termed “Beginner’s Guide.” It features detailed guides and tutorials on various trading topics.
Aside from these, they also employ automated risk control. The platform’s automated risk control tech verifies contract addresses, thereby protecting users from issues like counterfeit currency and fraud.
Additionally, the platform makes use of a multi-level verification and reconciliation system. This means that through intelligent monitoring, real-time alerts, and proactive intervention, users are offered better protection.
From public opinion, it’s clear that the platform showcases high performance and stability. The high-speed processing and ultra-efficient order matching makes a strong case for the exchange.
In addition to the features and advantages mentioned, each UEEx user is provided with an independent asset vault within the UEEx fund pool. This has been created to make sure of the security and isolation of assets.
The exchange also uses currency mixing technology. The self-developed address privacy technology ensures user anonymity, eliminating concerns about tracking or risk exposure.
Regarding regulatory compliance, UEEx collaborates with regulators to adhere to evolving industry standards. The platform even acquired the US MSB license and Canada MSC license.
UEEx employs AML/CFT measures as well. It makes use of robust anti-money laundering and counter-terrorism financing measures.
Last on the list is transparency. Funds management is evidently transparent and open, with regular publication of proof-of-reserves reports.
Cons
UEEx requires KYC. For users who find this process as a hindrance to privacy, this can be considered as a disadvantage. However, identity verification is becoming increasingly important in the space. This is more so considering the fact that several countries are implementing new regulations to combat money laundering.
Another disadvantage is that the user interface is not beginner friendly. This may prevent new traders from making full use of the platform’s capabilities.
The customer support has also been criticized for its speed in response. UEEx customer responses are slower when compared with other prominent exchanges.
Public review
Most customer reviews are positive while some customers have pointed out that they would like to see more currencies on P2P trading. A few users have also mentioned additional issues like slow customer support and the inconvenient trading interface.
Conclusion and verdict
UEEx is a smart platform that offers a range of features. It caters to both new and experienced crypto traders. However, though it shines in areas like security, automated risk control, and regulatory compliance, it could improve its user interface and customer support to better serve its growing user base. Our verdict: 4 on 5.
Interested users can visit the platform’s official website here: https://ueex.com/
Read more: Hybrid crypto exchanges will inevitably reign in the market | Opinion
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