Geniuex is a cryptocurrency exchange that seeks to tackle the young industry’s ever-present need for more customer support. The exchange platform was launched with this very goal in mind. Traders who must often wait weeks for a resolution from the world’s largest crypto exchanges is a situation that Geniuex readily addresses with its focus on greater accessibility.
Traders who have entered Geniuex’s recently-opened doors have found this to be the case thus far. Thanks to easily reachable customer support agents and straightforward trading tools, Geniuex stands out as a streamlined cryptocurrency on-ramp for both experience and novice users.
An Introduction to Geniuex
A newer entrant into the cryptocurrency market, Geniuex is based in Estonia and licensed there to take advantage of the country’s progressive regulatory environment. Geniuex went far to ensure that it launched with the utmost compliance and due diligence possible. These characteristics are combined with a leading support team, a cutting-edge variety of security tools to safeguard the platform, and enhanced protection for customer data and funds.
Thanks to a healthy array of cryptocurrencies, the option to buy with credit cards or via bank wire, a proprietary Geniuex wallet, and reasonable fees, Geniuex represents a supportive and effective ecosystem for all types of traders and investors.
Getting Started With Geniuex
Those traders and investors who wish to quickly purchase the most popular cryptocurrencies with their credit card, trade them for others, and store them safely will appreciate Geniuex. The platform makes the signup and verification process both easy and confidence-inspiring.
Moreover, approval is impressively fast compared to other exchanges which might takes weeks or months to approve accounts. This effort is prioritized due to a veritable army of expert customer service agents.
Creating a Geniuex Account
It’s simple to create a Geniuex account with just a few minutes of your time and the proper documentation on hand. New users should click on the ‘Get Started’ button on the top right corner of the home page. Afterwards, users must enter their details manually–name, email, and country of residence–or log in with their Google or Facebook account.
Geniuex will send a verification email, and once you’ve clicked on the link, you’re in. Once you’ve entered the site for the first time, you’ll be asked for more information. This is where the exchange’s thorough compliance efforts are highlighted. Pick a password, enter your date of birth, gender, and address.
Then grab your ID and a recent bill or bank statement and upload an image of each as prompted. If you need help, Geniuex has a handy video on the page that walks you through the verification process step-by-step.
A unique feature of Geniuex comes courtesy of their expert support team: a system whereby those in a hurry can accelerate the processing of their documentation in three price tiers. One can choose to pay nothing and have their ID verified in as little as a week, pay $50 for processing within 5 days, or $100 for same-day turnaround.
Traders who see an opportunity in the market and wish to deposit their money quickly will appreciate this last option, which is unique compared to exchanges, if not a bit expensive. Even free 7-day processing is something special, particularly when dominant exchanges still often take multiple weeks or sometimes over a month to verify a single user account.
Depositing Funds to Geniuex
Once you’ve selected your speed of ID processing and had it verified by the Geniuex team, you’re free to begin buying cryptocurrency on the exchange. It’s easy with the Geniuex wallet, which helps you buy any of the exchange’s offerings (Bitcoin, Ethereum, Ripple, EOS, Litecoin, NEO, Dash, Monero to name a few) with a Visa or Mastercard. It’s also easy to deposit cryptocurrency for users who are already involved in trading.
Credit Card: Just enter the amount of cryptocurrency you’d like to buy or the amount of fiat money you want to invest into the calculator on the ‘Crypto Station’ page. It will automatically show you how much will be deposited into your Geniuex wallet. You will then be asked you to enter your card details before a confirmation window appears and the purchase is executed.
Cryptocurrency: You can also fund your account with a cryptocurrency deposit from another wallet, but Geniuex currently only supports Bitcoin, Ethereum and Ripple deposits. Depositing cryptocurrency to the Geniuex wallet is fast and safe. Once cryptocurrency has been transferred by the blockchain, traders can then use holdings to buy the full range of listed tokens on the Geniuex exchange platform.
Execution and Fees on Geniuex
The Geniuex exchange platform will be familiar to those who have ever traded on other exchanges. Though it doesn’t stray far from the status quo in terms of design, it’s effective and functional. Users will find all the windows and features they need to trade and mobilize their capital intelligently. A wide range of charting tools and indicators make it easy to apply any trading strategy, no matter the simplicity or complexity.
There’s the standard chart for every cryptocurrency and counter currency on the exchange, which can be selected on the top left ‘Instruments’ window. The Order Book displays the dynamic between buyers and sellers, while one can find their own open and closed trades in the Orders window beneath the chart.
Trades are easily opened and closed on the exchange, with clear visual indicators in the book to show where your position is in relation to the market. Transaction fees are based on monthly trading volume, incentivizing greater trading activity with a sliding scale for fees.
For traders with a 30-day trading volume of $1 million or over, fees are 0.15%. From $250,000 to $1 million traders pay 0.20% and for anything less than $250,000, 0.30%. As far as deposit and withdrawals, all credit card deposits are assessed a 4.50% rate and withdrawals number 1.60%. Thankfully, those who deposit crypto capital pay 0.00% and are charged just 0.10% on withdrawals.
Security, Support & Compliance
The areas where Geniuex shines the most is in terms of its focus on informational security, regulatory compliance, and customer support. Genieux launched in Estonia after the country embraced cryptocurrency and blockchain innovation with a set of favorable laws and has attained fully-regulated status for all territories in which it operates.
Accordingly, customers depositing their funds to Geniuex can expect the airtight security and strict AML and KYC standards of major international exchanges, as well as tools like 2FA to help users maximize their individual account protection. The platform’s security measures mirror the industry-leading practices of the globes most noteworthy financial services venues, delivering robust protection designed to defend against DDoS attacks.
Customer support should be noted as Geniuex’s strongest suit, and it’s apparent with just a single interaction that the team goes above and beyond in this department. The status quo for a trader who has experienced a problem is to email an exchange representative, and wait weeks before receiving a resolution.
Geniuex customers can simply call in and connect to an expert with the relevant knowledge in minutes—a concept that should be more prevalent. More importantly, the inclusion of a live chat feature means that help is just a few minutes of way if you encounter an difficulties or have questions.
With a streamlined exchange complimented by superior customer service, a diverse array of tools and assets, and easy payment with credit card, Geniuex is one of the best places to fulfill your cryptocurrency trading or investing ambitions.
While it lacks features like margin trading that might appease veteran traders with a higher risk profile or its own coin to reduce transaction fees, the exchange is a first-rate destination to conquer the cryptocurrency market. For beginners with less familiarity with cryptocurrency but an eye for value, Geniuex presents an ideal on-ramp for adoption.