Crex24 Fee & Risk Comparison Tool
Crex24 Key Metrics
- Trading Fee 0.10%
- BTC Withdrawal Fee 0.00148 BTC
- Fiat Support USD, EUR, JPY, RUB, CNY
- Mobile App No iOS App
- Regulatory Status Unclear / Unverified
Competitor Comparison
- Binance 0.02% - 0.10%
- Coinbase 0.00% - 0.50%
- Kraken 0.00% - 0.16%
- BTC Withdrawal Fee (Binance) 0.00050 BTC
- BTC Withdrawal Fee (Coinbase) 0.00040 BTC
Fee Comparison Summary
| Feature | Crex24 | Binance | Coinbase | Kraken |
|---|---|---|---|---|
| Trading Fee (maker/taker) | 0.10% | 0.10% – 0.02% (VIP tiers) | 0.50% – 0.00% (Coinbase Pro) | 0.16% – 0.00% (maker) |
| BTC Withdrawal Fee | 0.00148 BTC | 0.00050 BTC | 0.00040 BTC | 0.00050 BTC |
| Regulatory Status | Claims Cyprus registration (unverified) | Registered in Malta, Cayman Islands, US | US-based, SEC-registered | US-based, regulated in US & EU |
| Fiat Support | USD, EUR, JPY, RUB, CNY | USD, EUR, GBP, AUD, CAD, more | USD, EUR, GBP | USD, EUR, CAD, GBP, JPY |
| Mobile Apps | Web only, no iOS app | iOS & Android | iOS & Android | iOS & Android |
Risk Assessment
High Risk - Crex24 presents significant concerns including:
- Unverified regulatory claims
- High withdrawal fees (especially BTC)
- Lack of mobile app
- Scam allegations from multiple sources
Key Takeaways
- Crex24 offers over 1,000 crypto pairs but charges a Bitcoin withdrawal fee nearly three times the industry average.
- Multiple independent sources label the platform as a suspected scam, and management details are opaque.
- Regulatory claims rely on Cyprus legislation, yet no clear licensing information is publicly available.
- Fiat support exists for USD, EUR, JPY, RUB and CNY, but withdrawals can take up to three days.
- Established alternatives such as Binance, Coinbase and Kraken provide lower fees, transparent governance and faster withdrawals.
What Crex24 Says About Itself
When you first land on the homepage, Crex24 is presented as a Cyprus‑registered cryptocurrency exchange that supports both crypto‑to‑crypto and fiat‑to‑crypto trading. The platform advertises more than 1,000 listed tokens, a minimum deposit of $1USD and a flat 0.10% maker‑taker fee across most pairs. It also promotes its native CREX token, which allegedly grants fee discounts and access to special promotions.
The exchange claims to protect user accounts with SSL encryption, DDoS mitigation and two‑factor authentication (2FA). Deposits can be made via wire transfer, credit card or crypto, and the site boasts an "easy‑to‑use" trading terminal with built‑in technical analysis tools.
Fee Structure - The Numbers Behind the Claims
Trading fees are straightforward: 0.10% for makers and takers, matching the low end of the market range (0.10‑0.20%). However, the withdrawal fee for Bitcoin tells a different story. Crex24 charges 0.00148BTC per withdrawal, which is more than double the global average of 0.00053BTC reported by industry surveys. For a Bitcoin price of $30,000, that extra cost adds up to $28USD per transaction, eroding any potential trading gains.
Other crypto withdrawals follow a similar pattern of elevated charges, while fiat withdrawals can take up to three business days-significantly slower than the near‑instant processing offered by major competitors.
Legitimacy & Regulatory Concerns
The exchange repeatedly cites compliance with Cyprus financial legislation
Unfortunately, public records provide little insight into Crex24’s corporate structure or management team. Traders Union notes that "information about the Crex24 Inc's management is either absent or unreliable," a red flag for any financial service.
Since February2022, Cryptowisser has labeled the platform as a suspected scam, citing multiple independent reports. The warning was reinforced in a 2025 safety review, which highlighted the lack of transparent licensing and the unusually high withdrawal fees.
User Experience & Platform Features
Real‑world feedback paints a mixed picture. Some users praise the promotional "cranes" that dispense free coins and the broad token selection. Others complain about a cumbersome re‑activation process for dormant accounts and the three‑day delay on withdrawals. Notably, Crex24 does not offer a dedicated iOS mobile app, limiting accessibility for iPhone users.
While the exchange claims part of its assets are kept in cold storage, the effectiveness of that safeguard is questionable given the ongoing scam allegations and the historical pattern of exchanges that later failed after similar security claims.
How Crex24 Stacks Up Against the Big Players
| Feature | Crex24 | Binance | Coinbase | Kraken |
|---|---|---|---|---|
| Trading fee (maker/taker) | 0.10% | 0.10% - 0.02% (VIP tiers) | 0.50% - 0.00% (Coinbase Pro) | 0.16% - 0.00% (maker) |
| BTC withdrawal fee | 0.00148BTC | 0.00050BTC | 0.00040BTC | 0.00050BTC |
| Regulatory status | Claims Cyprus registration (unverified) | Registered in Malta, Cayman Islands, US | US‑based, SEC‑registered | US‑based, regulated in US & EU |
| Fiat support | USD, EUR, JPY, RUB, CNY | USD, EUR, GBP, AUD, CAD, more | USD, EUR, GBP | USD, EUR, CAD, GBP, JPY |
| Mobile apps | Web only, no iOS app | iOS & Android | iOS & Android | iOS & Android |
The table makes it clear that while Crex24’s trading fees are competitive, its withdrawal costs, regulatory opacity, and lack of mobile support place it behind the industry leaders.
Bottom Line - Should You Trade on Crex24?
If you value a wide selection of niche tokens and are willing to accept higher withdrawal fees, Crex24 might look attractive on paper. In practice, the platform’s alleged scam status, opaque management, and sluggish fund withdrawals raise serious red flags.
For most traders-especially those handling sizable positions-safer alternatives like Binance, Coinbase or Kraken provide lower fees, transparent licensing, faster withdrawals and robust mobile experiences. Until Crex24 can prove its regulatory compliance and align its fee structure with industry norms, exercising extreme caution is the prudent path.
Frequently Asked Questions
Is Crex24 a regulated exchange?
Crex24 claims to operate under Cyprus financial legislation, but no public license number or detailed corporate information is available. Regulatory bodies have not officially recognized the platform, making its compliance status uncertain.
How do Crex24’s fees compare to major exchanges?
Trading fees sit at 0.10% for both makers and takers, matching the low end of the market. However, Bitcoin withdrawal fees are 0.00148BTC-about three times higher than Binance, Coinbase or Kraken.
Can I use Crex24 on my iPhone?
No native iOS app exists. Users must rely on the web interface, which lacks the convenience of dedicated mobile apps offered by most competitors.
What is the CREX token and does it lower fees?
CREX is Crex24’s utility token. Holding CREX supposedly grants reduced trading commissions, but the discount is modest and does not offset the high withdrawal fees.
Are there any red flags I should watch for?
Key warning signs include the lack of verifiable management information, the 2022 Cryptowisser scam warning, unusually high withdrawal fees, and three‑day withdrawal delays. Together, these suggest a higher risk profile than most reputable exchanges.
Crex24’s 0.10% flat fee is competitive, but the Bitcoin withdrawal cost of 0.00148 BTC can erode small‑scale profits quickly. The lack of an iOS app also limits accessibility for many traders. Consider using a platform with lower on‑chain fees if you trade frequently.
While the exchange advertises a broad fiat roster, the processing time for withdrawals can extend to three business days, which is considerably slower than major competitors. Additionally, the regulatory claim of Cyprus registration remains unverified in public records. Prospective users should weigh these operational delays against the appeal of niche token listings.
From a cultural perspective, Crex24’s token variety attracts hobbyist collectors, yet the elevated withdrawal fees disproportionately affect users from regions with weaker fiat on‑ramps. It is advisable to compare the total cost of ownership, including transaction fees, before allocating capital.
For newcomers, the flat 0.10% maker‑taker fee is easy to understand, but the platform’s omission of two‑factor authentication options beyond basic 2FA can be a security concern. Pairing Crex24 with a hardware wallet for storage may mitigate some risk.
It’s worth noting that the exchange’s native CREX token offers only marginal fee discounts, which do not offset the high Bitcoin withdrawal costs. Users should calculate the net benefit of holding CREX versus simply trading on a lower‑fee platform.
Supportive tip: keep an eye on the withdrawal queue times; many users report delays exceeding 72 hours during peak periods. This latency can be detrimental if you need rapid liquidity for arbitrage or emergency exits.
i think they should add a mobile app soon it would make life a lot easier for people who trade on the go especially since other big exchanges already have one
When evaluating an exchange, always verify the custodial practices; Crex24 claims cold storage but provides little proof. Independent audits would enhance transparency.
Look, the whole thing feels like a cover‑up. They say they’re regulated in Cyprus, but there’s no licence number and the WHOIS data points to a shell company. Stay cautious.
Quick heads‑up: the fee table on the site is a bit outdated; the BTC withdrawal fee was increased last month without notice.
From a technical standpoint, Crex24 leverages a standard order‑book engine, yet its API latency spikes during volume surges, which can cause slippage on market orders.
Intriguingly, the platform's documentation lacks any reference to KYC procedures; this absence might be by design, or simply an overlook.-Nonetheless, users should exercise due diligence.
The exchange's reputation score is alarmingly low, and the community frequently cites withdrawal inconsistencies.
Oh sure, because a higher withdrawal fee magically makes you a more exclusive platform-yeah, right.
i think its important to check if the exchange have proper support kinda like quick response times when u have issue.
Let me break this down for you, folks: first, Crex24 flaunts a 0.10% fee like it’s some badge of honor, yet quietly pockets a staggering 0.00148 BTC every time you try to pull funds out-an amount that, at today’s prices, would drain your wallet faster than a leaky faucet. Second, the exchange boasts a “Cyprus registration,” but no one can locate an actual license number, which screams another layer of opacity layered atop a foundation of dubious compliance. Third, while other exchanges are pushing forward with mobile ecosystems, Crex24 stubbornly lags behind, offering only a web interface; that’s a deal‑breaker for any trader who lives on the move. Fourth, the withdrawal times are not just longer-they’re painfully slow, stretching to three days, a timeline that would make even the most patient hodler twitch. Fifth, the native CREX token promises fee discounts, but those discounts are so marginal they’re virtually meaningless when you factor in the massive withdrawal costs. Sixth, the platform’s security claims-SSL, DDoS protection, 2FA-are standard at best and provide a false sense of safety when the underlying corporate structure remains a mystery. Seventh, the user experience is marred by reports of dormant accounts being re‑activated only after jumping through endless hoops, a process that is both time‑consuming and frustrating. Eighth, the community chatter is filled with red flags: accusations of scam activity, unverified management, and a plethora of negative anecdotes that cannot be ignored. Ninth, compare this to Binance, Coinbase, or Kraken-entities that not only have transparent licensing but also deliver lower fees, faster withdrawals, and robust mobile support. Tenth, the crypto market is already volatile enough without adding platform risk to the equation. Eleventh, if you’re a small‑scale trader, every additional fee chips away at your potential profits, turning what could be a modest gain into a net loss. Twelfth, for institutional players, the lack of clear regulatory oversight is a non‑starter, forcing them to seek more reputable venues. Thirteenth, the high withdrawal fee isn’t just a cost; it’s a barrier to liquidity, effectively locking your assets in a less liquid state. Fourteenth, the absence of a solid audit trail or third‑party verification further erodes trust. Fifteenth, the bottom line is clear: unless you have a very specific need for the niche tokens Crex24 offers, the risks and hidden costs far outweigh any perceived benefits. In short, steer clear, do your due diligence, and consider the established alternatives that protect both your capital and peace of mind.
Skip it; there are better options out there. 😊