GreenX

Key Takeaways

• Unique Positioning: GreenX focuses on tokenizing real-world assets (RWA), backed by partnerships with Klaytn, InvestaX, and Nahdlatul Ulama.
• Asset Variety: Features 8 listed assets and 22 trading pairs, including DIGau (gold-backed token with $6B+ reserves) and GX Token, promoting ethical finance.
• Compliance: Operates under Labuan Financial Services Authority approval, ensuring regulatory credibility.
• Security Strength: Employs AES-256 encryption, RSA-2048 for credentials, 2FA, heuristic activity monitoring, and annual penetration tests.
• Fees: Higher withdrawal fees (e.g., BTC: 0.1% + 0.00038 BTC; ETH: 1% + 0.013 ETH) and trading fees (0.25% for makers/takers) compared to major competitors.
• User Interface: Intuitive design with TradingView integration; KYC unlocks unlimited fiat withdrawals and a 20 BTC daily limit.
• Mobile App: Mirrors web platform with multi-language support; accessible and user-friendly.
• Customer Support: Quick responses via Telegram; detailed FAQs and email support available.
• Limitations: Spot trading only—no derivatives or Layer 2 networks for lower fees.

GreenX’s Pros and Cons

Pros

• Focus on tokenization of real-world assets (RWA)
• Regulatory compliance and oversight
• Strong security measures and audits
• Intuitive and user-friendly interface

Cons

• Higher fees compared to competitors
• Limited to spot trading only

1. Asset Variety and Liquidity

Let’s talk about the variety of assets and liquidity on GreenX Crypto. It’s not just your average exchange. With GreenX, you can trade real-world assets (RWAs) 24/7—no weekends, no downtime. Currently, it offers 8 listed assets and 22 trading pairs, featuring top cryptocurrencies like BTC, ETH, XRP, LTC, and BCH alongside fascinating RWAs.

Here’s what stands out:

• DIGau: A digital token backed by $6B+ in gold reserves from Nevada. With over 3.4M ounces of unmined gold, they’re planning to expand that to 6M ounces.
• TS1: Think ancient ceramics meet high returns. This investment fund, managed by experts, targets 15–20% annual returns on a HK$100M fund size.
• 2UT: An EV company breaking records with long-range buses and pioneering Lithium-sulphur batteries. These batteries achieve ranges of 800–1000 km.

And the cherry on top? The GX Token (GXT), GreenX’s native token, aligns digital finance with Shariah principles, promoting ethical financial inclusion.

More RWA projects are coming soon. Want a sneak peek? Check them out here.

2. Security and Reliability

Let’s face it, security is a big deal in crypto, and GreenX Exchange doesn’t take it lightly. They’ve built a fortress around your assets and data with layers of encryption, audits, and safeguards. Curious how? Let’s break it down:

• Encryption everywhere: Your data is secured with AES-256 encryption, so even fragments of it—encrypted or not—never leave their servers. For your credentials? They use RSA-2048 encryption for hashing.
• Hot and cold wallets: These wallets are managed with world-class security, blending convenience and safety to protect your digital assets.
• Third-party audits: Independent auditors review their internal processes, raising security to a bancassurance-level standard.
• Annual penetration tests: Every year, they stress-test their system to spot and patch vulnerabilities.

And what about access controls? They’re rock-solid:

• SSL certification secures all requests to their system.
• 2FA (Multi-factor authentication) adds an extra layer of protection, free of charge.
• Heuristic algorithms monitor unusual activity. If something seems off, access is blocked, and all sessions are terminated instantly.
• Complex passwords are encouraged, and failed login attempts lead to account and IP blocking.

With all this in place, GreenX ensures your information stays where it belongs—secure, private, and in trusted hands. Isn't that the peace of mind you need?

3. Ease of Use and Interface

Navigating GreenX Exchange is refreshingly simple. First, complete your KYC—a quick must before trading. By completing KYC, you also get access to unlimited deposits and fiat withdrawals, plus a daily withdrawal cap of up to 20 BTC.

Once you're set, finding your way around is easy. Here’s how to access the trading interface:

• On the homepage, click ‘Exchange’, then head to the ‘Trade View’ tab at the top.
• Alternatively, just scroll down the homepage until you spot the asset list. Click ‘Trade’, and voilà—you’re in.

The interface feels intuitive. It’s powered by TradingView charts with tools for technical analysis, an order book, and smooth order placement. I placed a $100 BTC order, and it was filled instantly. However, less popular assets might take a bit longer.

The Overview and Wallet tabs are equally straightforward, showing balances and recent activity at a glance. If you appreciate simplicity in your trading platform, GreenX might just win you over.

4. Deposit and Withdrawal Options

Depositing and withdrawing crypto on GreenX is straightforward, but there are a few quirks you’ll want to know.

To deposit, head to the “Wallets” tab at the top. Select the cryptocurrency you want and hit the send/receive button. You can deposit any asset listed on the exchange, but here’s the catch—you can’t choose your network. For instance, depositing ETH? It’s Ethereum mainnet only, so no Layer 2 options to save on fees (yet). Let’s hope GreenX adds that soon.

If you’re buying crypto with fiat, there’s a credit card option via third-party platforms. But be warned—these platforms’ fees can be steep, so it’s better to buy crypto elsewhere and deposit directly.

Withdrawals? Quick and efficient. I tested with ETH, and it worked smoothly. However, the fees are a bit higher than I’d like. Check out the next section to see why.

5. Fees and Charges

Be prepared: This GreenX review unveils a mixed bag when it comes to fees.

The good news? Deposits are free—no hidden costs there. But withdrawals? That’s where things get pricier. Here’s a quick breakdown:

• BTC: 0.1% + 0.00038 BTC
• ETH: 1% + 0.013 ETH
• USDT: 1% + 5 USDT
• BCH: 0.1% + 0.022 BCH
• LTC: 0.1% + 0.057 LTC
• XRP: 0.1% + 25 XRP

Moreover, there's a percentage fee added to a fixed amount. Most exchanges, like OKX or Gate.io, stick to flat rates. 

Speaking of trading fees, GreenX charges 0.25% for both makers and takers, higher than competitors like OKX (0.08% maker, 0.1% taker) and MEXC (0.1% flat).

6. Trading Tools and Features

If you’re into spot trading, GreenX crypto has you covered. The platform integrates TradingView charts and analytics tools, providing everything you need to make informed decisions.

You can place market, stop, and limit orders, which is enough for most traders. However, trading is limited to spot assets—no derivatives like futures or margin trading. While the variety of tokens, including real-world asset-backed tokens, is impressive, the lack of other investment tools might disappoint advanced traders.

For now, GreenX is a spot trading-focused exchange—simple, reliable, and straightforward.

7. Customer Support and Service

When it comes to support, GreenX Exchange keeps it straightforward. They’ve got a handy FAQ section at help.green-x.io that covers most common questions. For anything else, you have a few options:

• Email: [email protected]
• Socials: DM their X account or join the Telegram group
• Support ticket: Submit one at help.green-x.io

I found the Telegram group responds quickest for general inquiries. But for technical issues, creating a support ticket is your best bet. 

8. Mobile App and Accessibility

The GreenX mobile app is available on Google Play, and it’s as simple as it gets. If you’re familiar with the web app, you’ll feel right at home—the interface is identical, so there’s no learning curve.

One cool feature? You can switch languages seamlessly between Bahasa Indonesia, English, Chinese, and Korean. Whether you’re on the go or just prefer using your phone, GreenX ensures accessibility without compromising usability.

9. Compliance and Regulation 

GreenX operates under strict regulatory oversight, ensuring full compliance with industry standards. The platform received conditional approval from the Labuan Financial Services Authority (LFSA) on April 28, 2022, under Section 134 of the Labuan Financial Services and Securities Act 2010 (LFSSA). This solid regulatory foundation boosts trust and reliability for its users.