Citex Overview
Citex is a centralized exchange that started in 2018, based out of South Korea with a BVI registration. It pushes spot trading, mining, OTC, derivatives and earn products. But behind the brochures, it feels pretty murky.
Liquidity & trading activity
Across major trackers, Citex shows zero active pairs and no daily volume. That’s basically an empty shell with no market depth. Independent data sites confirm this with trust scores near zero and no recorded trading action. Huge caution signs if you actually want liquidity.
Fee model & funding
- Trades: Flat 0.20% fee for both makers and takers - a bit above average but not bad.
- Withdrawals: Around 0.0005 BTC, cheaper than many competitors.
- Funding: Crypto deposits plus KRW bank transfers, no credit cards supported.
Security and oversight
They use multi-sig wallets, cold storage, 2FA, IP locks and withdrawal limits. Sounds secure. But there’s no clear regulatory body or license tied to Citex. Sites that track financial risk often flag it as unregulated. The UK FCA even warned about a similar name, telling people to keep their distance.
User trust & complaints
Reviews are all over the place. Some highlight easy navigation and quick Telegram replies. But since 2021, complaints of frozen withdrawals, fake trades and lost funds dominate. Users on Reddit mention coins vanishing, especially privacy tokens like ARRR, and exits blocked for months.
Platform feel & offerings
The dashboard is clean, with mobile access and many token tickers. BTC, ETH, USDT and KRW pairs show up. But there’s no margin or futures. A referral system, mining and earn exist too. Without order books or real volume though, it’s basically a dead front.
Pros & cons at a glance
- Pros: Reasonable fees, decent withdrawal costs, simple security tools, multiple token types.
- Cons: Zero liquidity, unregulated, flagged by watchdogs, widespread user issues with frozen funds and fake order books.
Conclusion - avoid if you want safety
Citex checks every danger box: no real volume, no regulation, reports of locked withdrawals and sketchy trades. Even with a few happy users, the downsides are huge. If your goal is secure, active trading, it’s smarter to stay clear.