When you trade on Globitex, a cryptocurrency exchange that once operated in Europe and targeted retail traders with low minimum deposits. Also known as Globitex Exchange, it was one of the few platforms that accepted bank transfers in multiple currencies—but its fee structure was never transparent. Many users assumed low deposit limits meant low costs. They were wrong.
Exchange fees aren’t just about the percentage you see on the trading page. There’s the trading fee, the charge applied when you buy or sell crypto on the platform, the withdrawal fee, the fixed cost to move your coins off the exchange, and the hidden spread, the difference between what you can buy for and sell for, which eats into profits even when no fee is listed. Globitex charged up to 0.5% per trade, which isn’t terrible—but its withdrawal fees for Bitcoin and Ethereum were often $10 or more, even on small amounts. That’s more than what you’d pay on Binance or Kraken for the same transaction.
And then there’s the currency conversion fee. If you deposited EUR and wanted to buy SOL, Globitex didn’t just charge you the trading fee—it added a 2-3% markup on the exchange rate. That’s like paying extra just to use their platform. Users who didn’t check the fine print ended up losing money before their trades even executed. Even worse, when Globitex shut down its EU operations in 2023, many people couldn’t withdraw their funds for weeks. The platform stopped updating its fee schedule, and customer support vanished. What started as a simple trading fee became a nightmare of lost time and locked assets.
Today, you won’t find Globitex listed on any major crypto comparison sites. It’s gone. But the lessons it left behind aren’t. Every exchange has fees. Some are obvious. Most aren’t. The real cost of trading isn’t just what you pay in fees—it’s what you lose because you didn’t know to look.
Below, you’ll find real reviews, fee breakdowns, and comparisons from users who traded on Globitex—and the platforms they switched to after realizing how expensive it really was.
Globitex offers EUR deposits and zero maker fees, but its untracked volume, lack of user reviews, and minimal coin selection make it a risky choice. Here's why most users avoid it.