Nearly four months ago, CREX24 enabled XBY tokens to be traded on their exchange. Today we’re happy to announce that CREX24 now enabled XFUEL trading on its exchange as well. The trading pair can be accessed here, and the market data can be seen here.
REMINDER: As our development token, XFUEL can be used to purchase a node. In addition, dAPP (decentralized application) owners will use XFUEL to pay for the services offered by the STATICs (ie data storage and P2P transactions). More details about XFUEL can be found here.
This Estonian exchange is making a name for itself by offering rare and hard-to-get tokens. Rather than seeking to list the most popular cryptocurrencies, CREX24 is helping to satisfy a growing market niche. We believe enabling XFUEL trading is a smart step in that direction.
Just as a reminder, CREX24 currently provides XBY investors with the capability to perform fiat-crypto trading. XBY traders can also make asset deposits with credit cards, various cryptocurrencies, or simply via a bank transfer.
CREX24 discounts its BTC withdrawal fees by using referral bonuses. In particular, a referring trader will receive 50% of all subsequent withdrawal fees and trading commissions made by the referred trader (source).
In addition, CREX24 also discounts BTC withdrawal rates with what it calls ‘market maker rebates’ (provided when a buy order is executed that is less than the current selling price). See this page for details.
A Short Note On Security
No description of a centralized exchange is complete without noting its security features. CREX24 uses two-factor authentication (2FA) and encryption to safeguard deposits (with user verification provided as an option).
Unfortunately, the CREX24 exchange cannot be accessed by residents of the UK, USA, Canada, or Israel at this time.
Related Exchange and Trading Information for XFUEL™.
As many of you know, XTRABYTES is a strong proponent of Decentralized Exchanges, as can be seen in the following blog posts:
DEX – An Emerging Necessity
Our WAVES DEX Gateway Launches
However, it should go without saying that all Centralized Exchanges come with a level of risk that XTRABYTES will not be held accountable for. It is entirely up to you, to ensure that you limit the risk you present yourself with during trading activities on Crex24 or any other exchange.
The key rule of thumb: do not use an exchange as your wallet to hold coins you do not intend to trade immediately or at least within a reasonable time frame.