Quotex

Quotex is a multifunctional cryptocurrency exchange with the possibility of spot, futures, and binary options trading, instant asset conversion, card purchases.

The Quotex platform was founded in 2020, is currently based in Seychelles, and is regulated by leading financial regulators, in particular (IFMRRC).

The platform offers trading bonuses, including a welcome sign-up bonus, passive income tools, more than 410+ assets to trade, etc.

The user can buy a premium membership and get benefits while working with the platform; there are also ways to get a premium membership for free.

All you need to register an account on the Quotex exchange website is to provide an email address and come up with a fairly complex password that will provide reliable account protection.

Go to website and fill out the registration form.

Then don't forget to verify your account. Open the email that the exchange will send and then simply click on the link.

It is recommended that you verify your Quotex account in order to access the full range of features, mainly the ability to purchase a premium membership, which we will discuss below, and receive various bonuses only offered to verified users.

To pass verification, go to your profile after authorization and click "ID and face verification".

The process is carried out as standard, in accordance with generally accepted KYC rules:

Select the document with which to confirm your identity: passport, driver's license, ID card, or residence permit.

Provide a scan or high-quality photo of the required pages/sides of the document.

Take a selfie that will help match the photo on the document with your real appearance.

Submit the data and wait for a response from the exchange

Verification does not take much time, usually, within a few days, you receive a notification of approval or rejection (in the second case, it will indicate which errors should be corrected).

The main sections of the Quotex website:

First of all, you can buy cryptocurrency, either using a bank card or your crypto assets.

From the same section, you can proceed to make a deposit.

Markets. Quotex provides the ability to trade on over 410+ assets.

It is easy to find the right one using the search field at the top right, or by switching between the “spot”, “contract” tabs (in the second case, also between Coin-M and USD-M futures)

Contract. Quotes allow trading with leverage up to 100x

Spot. Transition to the spot market, instant conversion of assets at the market price, purchase of premium membership.

Binary options. One of the easiest trading methods to learn, suitable for beginners.

All that is required of you is to select the asset of interest and click either “Up” or “Down”, in accordance with your forecast regarding the desirable outcome of this transaction.

Passive income. Staking for USDT and BTC with a return of up to 8.5% per annum.

Promotions. Referral program, Premium membership, and various bonuses.

Settings can be accessed from the profile page. Here, parameters such as language, currency units, appearance, notifications, and confirmations are adjusted.

Commission 0.1% when using a trading bot (spot).

Commissions 0.075%/-0.025% (taker/maker) on contracts.

The premium membership additionally unlocks:

• Literally zero commissions when trading up to $1,000,000 per day and up to $5,000,000 per month.
• Support for conditional orders
• Hourly withdrawals outside the normal schedule.
• No withdrawal limits.

You can replenish your Quotex crypto exchange account in cryptocurrency - to do this, hover over the "Assets" menu in the upper right and click on the "Deposit" button.

From the drop-down list, select the desired cryptocurrency and click "Deposit" again to confirm your action.

An address will appear to which coins should be transferred from an external wallet (you can make your transaction through the QR code by pressing the corresponding button).

5-10 network confirmations are enough to deposit coins.

Quotex offers various deposit/withdrawal options at your disposal

Another way to replenish: buying cryptocurrency directly with a card.

You can use almost any fiat currency; the operation takes place with the help of payment providers Advcash, Piastrix, Perfect Money.

Commissions, limits, and speed of crediting depend on the selected payment provider. In the process, you will need to provide information about the bank card and its owner.

For some regions, OTC (over-the-counter) trading is also available with payment through a bank account.

The trading terminal on the platform is very convenient and has a modular system, you can drag and drop it.

Additionally, dark and light themes are also available, allowing you to adjust the interface to make it suitable to your taste.

• Limit. When creating an order, you need to specify the price limit at which a purchase/sale should be made.
• The order will be placed in the order book and will wait for a counteroffer. It is also possible to customize the order.
• Market. Only the desired number of coins for buying/selling is indicated, and the transaction is completed instantly at the current market rate.
• Conditional. Available exclusively to owners of the premium account. Allows you to set the desired trigger price for a market or limit order.

Quotex supports contracts denominated in USD and cryptocurrency. Based on this, you will need to replenish your account in the required currencies.

The order types for trading contracts are the same as in the spot market. But when creating them, you can use leverage up to 100x.

By default, the system selects a BTC/USDT inverse contract with BTC cross margin and market order.

Dont forget to set a take profit/stop loss, this will help control the risks. Enter the parameters for triggering the order and the price for TP / SL, then click "Confirm".

In the Passive Income section of Quotex, you can stake USDT or BTC and earn daily profits.

At the same time, the exchange guarantees the return of the declared profit, since even in the event of deterioration on the market, it will cover payments from its own funds.

• Flexible Annual return of 6%.
• Fixed USDT for a week. The annual yield of 8.5%.
• Flexible BTC. Annual return 1%.
• Fixed BTC for a week. The annual yield of 1.8%.
• More tools are planned to be added in the near future.

You can withdraw cryptocurrency from Quotex from your exchange wallet: "Assets" -> "Withdrawal" section.

Select the desired cryptocurrency from the drop-down list and enter your wallet address.

Please note that each coin has a certain minimum withdrawal limit as well as a fee.

At the moment, the minimum withdrawal amount is $10, however, for Bitcoin, the minimum withdrawal threshold is slightly higher - $50.

Enter the amount and click "Withdraw". The history of operations and their status are located on the same page below.

Quotex gives a novice trader a chance to try his hand and get acquainted with the functionality without financial risks.

In the “Demo account” section, you need to enter your email address and create a separate account.

You can use the same e-mail as in the main account

The user is given 10,000 virtual USDT, with which they can practice spot and contract trading.

There are no commissions for replenishment in cryptocurrency.

When buying with a card, it depends on the payment provider.

Fees for withdrawing popular cryptocurrencies:

• Bitcoin - 0.00057 BTC, minimum 0.001 BTC
• Ethereum - 0.0036 ETH, minimum 0.02 ETH
• USDT ERC-20 - 10 USDT, minimum 2 USDT

Trade:

• 1% for regular users
• 0% for premium users
• Taker 0.075% / Maker -0.025% on contract trading.
• The minimum spot order size is equivalent to 10 USDT.

In the reviews, traders note the convenience and informativeness of the application, but they negatively assess the system for withdrawing funds according to the schedule - three times a day, as well as rather high commissions for withdrawal.

They praise the constant improvements of the exchange and communication with users.

However, there are issues with app updates.

Pros

• Low commissions.
• Referral program.
• Fast verification.
• The presence of a demo account (test network).
• Passive income (staking).
• Frequent promotions, a huge variety of bonuses.
• Premium membership helps you save on commissions.

Cons

• The choice of cryptocurrencies is relatively small.
• The withdrawal of funds is not instantaneous, but according to the schedule.

How does the Quotex exchange allow you to earn?

By trading on the spot and market and derivatives, by making flexible or fixed deposits, and participating in various promotions and contests.

How many trading pairs are available for trading on Quotex?

Over 27 spot pairs, over 15 futures contracts.

Trading commissions?

0.1% on spot. For Taker futures 0.075% / Maker -0.025%.

How to reduce commissions?

Spot can be traded without fees if you purchase a premium membership.

Is there a demo account?

Yes, there is a test platform, you need to register on it separately.

Is verification required?

Not required, but recommended to enhance functionality.

Maximum leverage?

100x.

What order types are supported?

Market, limit, conditional orders.

The Quotex exchange is listed on popular blockchain aggregators such as CoinGecko and CoinMarketCap.

It has high trading volumes, especially for futures and binary options.

The opportunity to purchase a premium account allows you to significantly save on trading commissions when all the commissions for trading operations on the spot market will be reduced down to zero.

A demo account with virtual assets will help you get comfortable with the functionality.

On Quotex, the verification is not mandatory, but it is recommended for everyone who wants to have access to full functionality and various bonuses.

Quotex is a holistic project that involves the implementation of solutions at several levels regarding the field of cryptocurrency, and their creators are clearly confident in the widespread use of blockchain technology and the advantage of cryptocurrencies in the near future.