IDCM Review

A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of IDCM consists of four parts: general information, fees, deposit methods and security.

General Information

IDCM is a Chinese cryptocurrency exchange with a smaller selection of trading pairs. One of many other exchanges from China that you might be interested in (if this exchange is not to your liking) is BTCTrade.im.

Most people do their cryptocurrency trading while on their desktop. However, if you prefer to do it while on your Android or iPhone, that’s not a problem with this trading platform. The platform is available also through mobile use. You can download the app on the App Store or Google Play.
IDCM Review

Liquidity

This coin exchange launched in April 2018. Back then, it had decent liquidity in its order book. In fact, IDCM was at that point in time almost always one of the top 20 crypto exchanges every day with respect to trading volume. At the date of first writing this review (19 September 2018), IDCM had a 24-hour trading volume of USD 74 million, putting it in place 18 in the list of cryptocurrency exchanges with highest trading volume. However, on the date of last updating this review (23 March 2020, right in the middle of the crisis with COVID-19), the trading volume had increased substantially, up to USD 1.23 billion. In spite of the more then ten-doubled 24 hour trading volume, the exchange had dropped a few places on Coinmarketcaps list to place no. 28. In conclusion though, the liquidity at IDCM is very good.

US-investors

To our understanding, the exchange allows US-investors to trade here. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency. However, any investors from countries subject to sanctions, such as Afghanistan, Iraq, Iran, Yemen, Kuwait, Lebanon and a few others are not permitted to trade here.

IDCM Trading View

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at IDCM:
IDCM Review

IDCM Fees

IDCM Trading fees

At this trading platform, they don’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. Their flat fee model is 0.10%. This is below both the industry average and it is also the second lowest trading fee level among all cryptocurrency exchanges from China (only AEX charges lower trading fees – 0.05%).

Good work, IDCM!

IDCM Withdrawal fees

The exchange charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This fee is below the global industry average. No other cryptocurrency exchange in China has a BTC-withdrawal fee that is this low.

All in all, the trading fees and withdrawal fees at this exchange are very competitive from both an international and national perspective.

Deposit Methods

Here, they offer wire transfer as a deposit method, but you can’t deposit via credit card. If you for any reason must deposit via credit card, you should use the Exchange Finder to find out which cryptocurrency exchanges that allow credit card deposits.
 

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