VinDAX (Vin Digital Asset Exchange) is a centralized cryptocurrency exchange. VinDAX crypto exchange provides new investors with risk management and profit-taking techniques that are straightforward and easy to grasp while also offering features that are sophisticated enough to appeal to institutional investors. The VinDAX platform is constructed with important trading data and analytics, user-friendly trading bot capabilities, integrated trade signaling for entry and exits, and a lot of other features.
Users must undergo KYC verification to trade at higher levels. VinDAX is accessible on both desktop and mobile devices.
Markets
The only trading option offered by the exchange is the VinDAX spot market. As of writing, there are 87 coins and 182 VinDAX trading pairs available on the exchange. The most popular trading pair with the highest VinDAX trade volume is BNB/USDT. Besides, note that VinDAX is a crypto-only exchange.
VinDAX Coin (VD) is the native utility token of the exchnage. It is mainly utilized to incentivize the members of the community. Besides, users who hold a certain number of VD tokens are eligible for discounts. Check out the current VinDAX crypto price here.
The exchange follows a flat-fee model, which means that both makers and takers get the same fees. VinDAX crypto fees depend on the amount of VD tokens held by the traders. The fees change as follows:
- 0 VD – 0.1%;
- 1 to 50,000 VD – 0.09%;
- 50,000 to 100,000 VD – 0.08%;
- 100,000 to 200,000 VD – 0.07%.
You may be eligible for an extra discount if you regularly trade VD. As a result of the discount, the amounts of fees are as follows: 0.08% on the zero level, 0.07% on the first level, 0.06% on the second level, and 0.05% on the third level.
In terms of VinDAX exchange fees, there are no deposit fees. However, there are withdrawal fees that depend upon the currency. Also, when making a withdrawal, all fees will are proportionally divided, with the exception of those associated with peer-to-peer currency tokens that have a predetermined percentage of deflation.
Besides, users are required to pay a one-time flat charge in order for VinDAX to reimburse the transaction expenses incurred when transferring crypto out of their VinDAX accounts and into external wallets.
Other Services
VinDAX offers two trading modes – Basic and Advanced. The Basic mode is better for new traders while the Advanced mode is suitable more for seasoned traders.
The exchange also offers a Saving feature, which allows users to deposit crypto assets and earn. They can choose from two options – flexible savings and locked savings.
Moreover, the exchange offers the Vindax Cloud feature, which allows users to create blockchain-based platforms with the help of VinDAX templates and experts.
Lastly, VinDAX offers a Launchpad. It allows new projects to launch their crypto assets through the Initial Exchange Offering (IEO).
About the Company
VinDAX is a centralized exchange that was launched in 2019 and is headquartered in Vietnam. The exchange was co-founded by Nam Nguyen and Michelle Nguyen.
The company safeguards its exchange with the assistance of two-factor authentication. Additionally, it requests visitors to activate the anti-phishing code. Customers who use it are able to verify that the emails they get from VinDAX are authentic. However, things weren't in this state in the past.
On November 5, 2019, the platform was compromised by hackers. Because of this security breach, which was the sixth incident of its kind to take place in the cryptocurrency world that year, the company suffered a loss of $50,000. Prior to the hack, the exchange was not known by many.
