Catex is a crypto exchange platform that enables the trading of various cryptocurrencies and tokens. It allows users to buy, sell, and exchange different digital assets within the cryptocurrency market.
The platform primarily focuses on crypto-to-crypto trading, meaning you can trade one cryptocurrency for another, and includes all the popular tokens. However, there are some dark details about this exchange, which you should definitely know. Our Catex io Review will show you.
Catex io is basically an anonymous online exchange. The website’s legal documentation does not mention any company name, ID number, or address. Another source suggests that the Catex io trading platform is headquartered in Malaysia.
It didn’t hurt us to check the database of the Malaysian Securities Commission (SC) in order to see whether Catex io is a regulated entity or not. The SC has no information about this exchange, meaning that Catex io is unregulated.
The best financial market watchdogs on our list include the FCA (UK), CFTC (US), ASIC (Australia), MAS (Singapore), IIROC (Canada), CySEC (Cyprus), BaFin (Germany), etc.
After exposing Catex io for being unregulated, it’s time to repost the negative experiences and cases of unfortunate traders who lost money under suspicious circumstances.
I have made two withdrawals within the last two days. Catex exchange shows the withdrawals were successful. But the two cryptos never showed up in my Trust wallet. Now the history of all my withdrawals on Catex have been wiped. I think this exchange has gone rogue, and will shut down soon. Now they are just stealing the customers’ funds. Stay away!
Trustpilot user, April 8, 2023.
Catex cancels all profitable trades. They have so many claims on different forums! And they don’t care at all! I can’t withdraw 300 bucks. I write claims almost every day, but there is no sense. Do not contact!
TradersUnion user, February 27, 2023.
Traders indicate that this platform is causing withdrawal issues. Furthermore, they expressed their frustration with poor customer service and complained about waiting forever to get a response. Fees are pretty high as well, according to the traders.
If you lost money to the Catex io scam, book a consultation with us and we’ll help you recover your funds.
Catex io is primarily focused on Asian, Middle-Eastern, and African markets but it seems that the exchange is also open to South American and European clients. However, Catex io has no license to operate under jurisdictions in Europe, Asia, or North America, which is why this platform is risky.
Catex io offers a mobile app for both Android and iOS devices. The app allows users to access their Catex wallet, and accounts, trade cryptocurrencies, view charts, and market data, and manage their portfolios on the go. Flexibility is always a plus.
It features a user-friendly interface but the trading platform itself is pretty rudimental. It features some basic charts, indicators, and graphs but there are no advanced tools. Catex io doesn’t support proper third-party software such as MT4, MT5, or cTrader.
If the app is giving you trouble and you cannot withdraw funds, contact us for help.
Catex io offers a selection of popular cryptocurrencies that users could trade against four crypto tokens (BTC, ETH, USDT, XPR). The list of Catex tokens available on the platform includes the following:
The fees on Catex.io may vary depending on the specific trading activities and features you use. When it comes just to trading-related fees, Catex charges the same fee for all tokens – 0.1% per order.
Compared to other noteworthy exchanges, the Catex fee is mid-level in terms of how favorable it is for the traders. The fee can be further reduced by holding the Catex token – CATT. Additionally, the Catex login page features a sponsor option, which could bring more discounts.
Catex.io primarily focuses on cryptocurrency trading and does not typically support traditional fiat payment methods like credit cards or bank transfers for purchasing cryptocurrencies directly on their platform. Instead, users generally deposit cryptocurrencies into their Catex accounts for trading.
Catex.io does not charge fees for depositing assets onto the platform. However, it’s important to note that while Catex may not charge deposit fees, the service you use to transfer funds into your Catex account (such as a cryptocurrency network or a wallet provider) might have its own fees.
As for the withdrawal fees, they depend on the specific cryptocurrency being withdrawn. For instance, BTC withdrawals come with a fee of 0.0005 BTC whereas for US Tether, the fee is 5 USDT.
Catex io is an anonymous crypto exchange with no license. This website has primarily been targeting traders from Spain, Brazil, India, Benin, and the Philippines.
We don’t recommend you trade on this exchange. If you need help getting your funds out, book a free consultation with us and tell us more about your case. We will analyze it together and come up with a solution for recovering your hard-earned funds!
Let us know if Catex io scammed you.
Catex io is an anonymous crypto exchange. This website offers a web-based platform and crypto trading services.
No. Catex io is not safe because the platform is unregulated. If you need help getting your money back from Catex io, call us.
It is unknown how much the Catex token will rise or fall in price.
The daily trading volume on the Catex exchange is allegedly 1531 BTC (~ 44,933,931 USD).
The post Catex io Review: The Truth About The Catex exchange appeared first on Global Fraud Protection.
