Platform excluded 4/5/2024
CommEX
The trading platform, legally belonging to the Seychelles, was registered back in 2017. However, it started gaining popularity after restrictions from Binance for the Russian market. The platform aims to work with Asia and the CIS.
The interface is very similar to Binance, so if you have switched from that platform, it will be easy to figure out. The exchange has spot, P2P, as well as standard and simple futures. You can also quickly convert one cryptocurrency to another on the platform.
There are 2 levels of verification: basic, which is given right after registration, and full, after passing KYC. If you already have a verified account on Binance, you don't need to go through verification again. If you want to trade not only as a taker, but also place your own adverts, you will need to get merchant status.
The site has a referral programme that allows you to earn up to 50% commission on spot, standard and simple futures trades
News of CommEX
All newsTotal information
OPENING DATE
9/26/2023CLOSING DATE
4/5/2024STATUS ON MONETORY
Excluded 4/5/2024Class
EcosystemType
CustodianExchange
Spot trading, DerivativesFormat
Web, Mobile AppLiquidity
OFFERS ON MONETORY
—Liquidity
HighPopular P2P fiat currencies
KYC and regulation
KYC
NormalThere are 2 levels of verification on the site. The first one is assigned immediately after registration. The following are available: unlimited deposits, withdrawals up to 2 BTC for life, spot trading, margin trading, currency conversion
The second level requires an ID card and selfies of the person. If an account is transferred from Binance, where at least the first level is passed, the second KYC will be automatically on CommEX. In this case: withdrawal increases to 5 BTC per day, access to fiat deposit and withdrawal with limits of 3,000,000 RUB and 1,500,000 RUB respectively, P2P trading and spot fiat pairs are opened.
To trade as a maker, you need merchant status. It can be obtained by sending an application with a video message, where you say that you are committed to comply with the rules of the platform. You can submit an application as soon as you pass KYC - there are no restrictions.
KYC conditions on CommEX
About regulation
Restrictions
CommEX does not provide account registration or services in the following countries: United States (collectively referred to as "US users"), Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Singapore, Spain, Sweden, Iran, Cuba, Syria, North Korea, Crimea region.
All restrictions
P2P trading
Coins P2P
Terms and commissions
Maker - 0%, Taker - 0%
Commissions on CommEX
Additional Information
Arbitrum One, Ethereum, BSC, BTC, TRX