The cryptocurrency exchange Utex promises its users a wide range of opportunities for trading and investing. The presentation website is available at the domain utex.io, where the Russian version of the interface is presented.
The platform offers operations with cryptocurrencies as well as the possibility of investing in shares of American companies and participating in pre-IPO (initial public offering).
The exchange is registered in Saint Vincent and the Grenadines under the official name ICUT, Ltd., but the portal lacks data on the presence of licenses or regulation of the company's activities.
It is also stated that there is 24/7 user support via the broker's email and feedback form.
Cryptocurrencies and trading on the “Utex” exchange
On the Utex platform, users can work with cryptocurrency pairs, including such popular virtual currencies as:
- Bitcoin (BTC);
- Ethereum (ETH);
- Litecoin (LTC);
- Ripple (XRP);
- Tether (USDT) and others.
These assets offer wide opportunities for trading and diversifying an investment portfolio.
Cryptocurrency exchange Utex: features
The Utex platform provides a fairly simple account creation process, requiring only an email address and password creation. However, to perform operations with various amounts, users have to go through several verification stages:
- email confirmation – for deposits up to 1000 USD;
- selfie and passport photo – for deposits up to 50,000 USD;
- proof of residence – with no restrictions on deposit and withdrawal amounts.
Entry into the project is available with a minimum investment of 10 USD, making it accessible to a wide range of users. In their personal account, users can set up additional security measures, ensuring the protection of funds.
In addition, the “Utex” platform provides its users with access to a wide range of assets, including popular cryptocurrencies, shares of American companies, and securities not represented on public exchanges. This makes trading diverse and interesting for investors with various preferences.
The exchange's own token allows for a 50% discount on commission when making trades, which can significantly reduce the costs of active traders.
Payments and commissions range from 3% to 0.02% of the order amount, depending on the chosen investment instrument and type of trading (spot or margin).
The platform also offers a referral program where traders can receive bonuses for attracting new users. Referral rewards can be withdrawn daily, without limits or freezing, making this program attractive for active participants.
How to deposit and withdraw money from the utex.io crypto exchange
The Utex project offers its users to conduct settlements in cryptocurrencies, including USDT, and also provides the ability to fund an account using a bank card. The minimum deposit amount is 10 dollars, while the maximum amount is unlimited, providing flexibility in funding.
To withdraw funds from the personal account, users can use similar methods - cryptocurrencies or a bank card. However, information about commissions, possible withdrawal limits, and processing times for withdrawal requests is not presented on the platform, which may complicate the assessment of the real conditions for withdrawing funds.
Conclusions about utex.io
The cryptocurrency exchange “Utex” raises some concerns due to the lack of information about licenses and regulation of its activities. Despite being registered in Saint Vincent and the Grenadines, the company does not provide users with confirmations of its legality and security. The lack of transparent data on commissions, withdrawal limits, and other important aspects is also alarming. In the cryptocurrency exchange ratings, Utex occupies middle positions, which is associated with insufficient awareness and hidden information about the platform's activities. Before starting cooperation, it is recommended to carefully study reviews about Utex from clients and experts to avoid potential risks.
dr@gO
I transferred money to this Utex in Ethereum, and the transaction has been "pending confirmation" for a week. Support? Zero attention! They don’t respond by email or on Telegram, it’s like they don’t care about my money at all. Where is this round-the-clock support they advertised? It’s really frustrating, I lost a thousand bucks that, in fact, just disappeared. And okay, I didn’t lose the whole amount, almost ten grand. But damn it, I thought I’d deposit more the next day. All this because I fell for the ads of various bloggers. Well, now try trusting them. I should have looked for real reviews in advance, instead of thinking everything would be sensible because of the ads.
x_tIhOn__
At first, everything seemed fine. It seemed like you could really make money, but when it came to withdrawal – it was complete chaos. These scammers start outright refusing for any reason when you want to get your money back. They say the request is approved, but in reality, nothing comes through. There are no receipts or documents confirming any actions with my amount at all. They just vanished like rats.