Free Guide: How to buy cryptocurrency in South Africa

By: fahad
May 11, 2020 1:36 AM UTC
Buy bitcoin South Africa

 

If you are looking to buy cryptocurrency in South Africa, you will need to use a cryptocurrency exchange. There are over the counter (OTC) methods to buy cryptocurrencies, however, this article only focuses on how to buy cryptocurrency in South Africa using online exchanges.

There are numerous online exchanges to buy cryptocurrencies, but due to regulations, not all of them are available in South Africa. Therefore, this article intends to outline twenty exchanges that you can use to legally buy cryptocurrency in South Africa and get started with trading cryptocurrencies.

1. Paxful – Buy Cryptocurrency in South Africa

Paxful is an exchange to get people started in the cryptocurrency industry. Paxful is similar to Coinhub, but I personally believe Paxful is actually a better exchange to get people started in the cryptocurrency industry.

Paxful Benefits for Buying Cryptocurrency in South Africa:

• Paxful is easy to use and has a user-friendly interface
• Paxful offers fiat to cryptocurrency trading for almost every currency on the planet; South African Rand is listed on Paxful
• Paxful has low fees for South African Crypto buyers

Paxful Negatives for Buying Cryptocurrency in South Africa:

The negatives of using Paxful to Buy cryptocurrency in South Africa are a very limited array of cryptocurrencies available for trading. In fact, only Bitcoin is available for trade. Also, there is growing proof that most sellers on Paxful offer prices above the market price in an attempt to rip off buyers. Lastly, the Paxful platform may have attracted some scammers.

Paxful Fees for Buying Cryptocurrency in South Africa:

The fees of using the Paxful platform to buy cryptocurrency in South Africa are very high. Paxful has a 1% fee for trading on their platform that is only payable by the seller. Depositing bitcoins and/or fiat on Paxful does not have a fee. Withdraws made on the Paxful platform are charged a fixed fee of 0.0005 BTC.

2. Coindirect – Buy cryptocurrency in South Africa

Coindirect is a popular and well-established cryptocurrency exchange that is used in most countries, including South Africa.

Coindirect Benefits for Buying Cryptocurrency in South Africa:

• A consistently high trade volume for South African traders
• Easy to use and user-friendly interface
• The ability to trade cryptocurrencies with fiat currencies for South African traders
• KYC check is not a requirement for trading cryptocurrencies on Coindirect      • Traders can use South African Rand to buy cryptocurrency in South Africa on Coindirect

Coindirect Negatives for Buying Cryptocurrency in South Africa:

The negatives of using Coindirect to buy cryptocurrency in South Africa are high fees and a limited array of cryptocurrencies available for purchase for South African cryptocurrency traders.

Coindirect Fees for Buying Cryptocurrency in South Africa:

The fees for buying and selling cryptocurrencies in South Africa on Coindirect tend to be very straightforward. Coindirect does not charge anything for purchases made on their platform, however, sellers are subject to a 1% fee. There are no hidden fees for withdrawals or deposits.

3. Binance – Buy cryptocurrency in South Africa

From personal experience I can say that Binance is one of the best exchanges for buying and selling cryptocurrencies in South Africa.

Binance Positives for Buying Cryptocurrency in South Africa:

• Binance offers very low fees to South African traders
• Binance is easy to use and has a user-friendly interface
• No national ID verification necessary for signing up
• Soon traders will be able to use South African Rand to buy cryptocurrency in South Africa, but for now Ugandan Shillings are an alternative                                      • Binance is the most popular exchange worldwide and has one of the highest trade volumes among cryptocurrency exchanges that are available in South Africa.

Binance Negatives for Buying Cryptocurrency in South Africa:

The negatives of using Binance to buy cryptocurrencies in South Africa is the fact that Binance is not very well regulated.

Binances Fees for Buying Cryptocurrency in South Africa:

The fees for buying cryptocurrencies in South Africa, on Binance, are extremely low. Binance does not charge any deposit or withdrawal fees. Also, Binance only charges a 0.1% fee for trading cryptocurrencies. Fiat deposits are charged a fee of 1.5% and withdrawals are charged 250 Ugandan Shillings.

4. KuCoin – Buy cryptocurrency in South Africa

From personal experience, we can say KuCoin is one of the easiest platforms to buy cryptocurrencies in South Africa.

KuCoin Benefits for Buying Cryptocurrency in South Africa:

• KuCoin offers low fees for buying cryptocurrency in South Africa
• An easy to use and user-friendly interface
• No national ID verification required to trade
• A large array of cryptocurrencies available for trading.                                                  • KuCoin allows traders to buy cryptocurrency in South Africa using South African Rand

KuCoin Negatives for Buying Cryptocurrency in South Africa:

KuCoin is a great exchange however South African traders will notice that KuCoin is lacking in liquidity due to low trading volumes for certain cryptocurrencies. Also, to fulfill all fiat transactions KuCoin relies on Simplex, a third-party software. Simplex has been noted to have many issues such as constant transaction delays and terrible customer service.

KuCoin Fees for Buying Cryptocurrency in South Africa:

The fees for buying cryptocurrencies on Kucoin in South Africa are very low. There are no deposit fees, however withdrawals made on Kucoin are subject to varying fees. Fee for buying and selling cryptocurrencies is at a rate of 0.1%. Simplex charges a fee of 3.5% for fiat deposits made in South Africa.

5. Bitfinex – Buy cryptocurrency in South Africa

While going through the Bitfinex platform, it is easy to notice that the intent of its design is to cater to more advanced traders.

Bitfinex Benefits for Buying Cryptocurrency in South Africa:

• Bitfinex offers South African Crypto buyers’ ability to exchange cryptocurrency for fiat
• Bitfinex has a lot of liquidity due to high trading volumes
• Bitfinex has a large array of cryptocurrencies to choose from
• Bitfinex offers advanced trading features

Bitfinex Negatives for Buying Cryptocurrency in South Africa:

The negatives of using Bitfinex to buy cryptocurrency in South Africa is that it is not easy to use and may prove difficult for inexperienced users to start their trading journey. Also, Bitfinex may require national ID verification for certain cryptocurrencies or to expedite the deposit/withdrawal process.
It is important to note that Bitfinex has varying levels of legal cases against it due to its failure to safeguard user funds in the past.

Bitfinex Fees for Buying Cryptocurrency in South Africa:

The Fees for buying and selling cryptocurrency on Bitfinex in South Africa are slightly on the higher end. Deposits for cryptocurrencies are free, however fiat deposits are charged 0.1%. Trading fees are highly variable, but most traders will be subject to 0.1 to 0.2% fees. Withdrawal orders have varying fees based on the cryptocurrency being withdrawn, while fiat deposits have a 0.1% fee or 1% fee for express withdrawals.

6. Kraken – Buy cryptocurrency in South Africa

From personal experience of buying and selling cryptocurrencies, we can say that Kraken is a better version of Coinbase.

Kraken Benefits for Buying Cryptocurrency in South Africa:

• Kraken has ample liquidity due to high trading volumes
• Kraken offers margin trading for buying cryptocurrency in South Africa
• Kraken offers access to futures
• Kraken also has an OTC desk, dark pools, and additional tools such as indices

Kraken is a leading cryptocurrency exchange accessible to South African who need an exchange that supports exchange between fiat and cryptocurrencies. (Only certain fiat currencies are supported)

Kraken Negatives for Buying Cryptocurrency in South Africa:

The negatives of using Kraken to buy cryptocurrency in South Africa include a limited array of cryptocurrencies and a varying fee structure that could make it expensive for most users. Also, Kraken does not support South Africa’s national currency.

Kraken Fees for Buying Cryptocurrency in South Africa:

The Fees for buying cryptocurrency on Kraken in South Africa are among the highest in the industry. Trading fees can be as high as 0.26%. However, the low end of fees is 0%, but this offer is only available for high roller trades (million-dollar trades).
Deposits are mostly free or charged a very small fee for certain cryptocurrencies, however Kraken does have a one-time fee to create a deposit address. Withdrawal fees vary but are very low.

7. Bittrex – Buy cryptocurrency in South Africa

South African aiming to trade cryptocurrency on Bittrex will notice that it is similar to large global exchanges like Binance, but with higher fees.

Bittrex Benefits for Buying Cryptocurrency in South Africa:

• Bittrex allows South African traders orders between fiat and cryptocurrencies
• Bittrex has a very wide selection of cryptocurrencies for trading
• Bittrex is easy to use

Bittrex Negatives for Buying Cryptocurrency in South Africa:

The negatives of using Bittrex to Buy cryptocurrency in South Africa include dealing with a highly regulated exchange, therefore national ID verification is a requirement. Also, due to Bittrex’s highly regulated nature, users can end up waiting a long time for ID verification and deposits/withdrawals.

Bittrex Fees for Buying Cryptocurrency in South Africa:

The fees for buying cryptocurrency on Bittrex in South Africa are some of the highest in the market. Buying and selling cryptocurrencies on Bittrex comes at a fee of 0.25%. Bittrex does not charge any deposit fees. Bittrex charges a very low withdrawal fee to cover the cost of utilizing the respective blockchain’s service.

8. Changelly – Buy cryptocurrency in South Africa

Changelly is meant to be good for first timers across the world, including South Africans who want to buy cryptocurrency. The primary reason that makes Changelly good for first timers is its very intuitive interface for beginners looking to buy cryptocurrency in South Africa.

Changelly Benefits for Buying Cryptocurrency in South Africa:

• Changelly has the largest selection of cryptocurrencies on the market
• Changelly allows users to buy cryptocurrency using fiat currency
• Changelly does not require national ID verification; it is one of the few exchanges to buy cryptocurrency using fiat without national ID verification

Changelly Negatives for Buying Cryptocurrency in South Africa:

The negatives of using Changelly to buy cryptocurrency in South Africa are that Changelly has one of the highest fees for trading, withdrawals, and deposits. Also, even though Changelly allows users to buy cryptocurrency on their platform with fiat, the platform does not actually permit users to trade cryptocurrencies for fiat.
This means Changelly can be used to convert fiat to crypto, but crypto cannot be converted to fiat on the platform.

Changelly Fees for Buying Cryptocurrency in South Africa:

The fees for buying cryptocurrency on Changelly in South Africa are relatively high. Buying and selling cryptocurrency on Changelly will be accompanied with a 0.25% trading fee. Changelly charges a very high 5% fee for fiat deposits. Changelly charges a very low withdrawal fee to cover the cost of utilizing the respective blockchain’s service.

9. Huobi Global – Buy cryptocurrency South Africa

Huobi is one of the largest and most liquid exchanges in the world. Even though Huobi is based in China, is it easily usable by traders looking to buy cryptocurrency in South Africa.

Huobi Benefits for Buying Cryptocurrency in South Africa:

• Huobi has a wide selection of cryptocurrencies for South African traders
• Huobi has low fees for buying Crypto in South Africa
• Huobi has a lot of liquidity due to its extremely high trading volume
• Huobi does not require national ID verification
• Huobi is probably the only exchange that can compete with Binance in terms of liquidity.

Huobi Negatives for Buying Cryptocurrency in South Africa:

The negatives of using Huobi to buy cryptocurrencies in South Africa are that Huobi is loosely regulated. Additionally, Huobi has more advanced trading features which can be complicated for novice traders. Even Huobi’s trading fee tiers are complex, as users, including cryptocurrency traders in South Africa, can avail far lower fees by buying Huobi Points, but this process is not easy for new users.

Huobi Fees for Buying Cryptocurrency in South Africa:

The fees for using Huobi to buy cryptocurrency in South Africa are on the high side. Huobi charges fees of 0.2% for trading cryptocurrency on their platform. Huobi has no deposit fees on their platform, and Huobi charges a very low withdrawal fee to cover the cost of utilizing the respective blockchain’s service.

10. Bitforex – Buy cryptocurrency in South Africa

South African traders looking to buy and sell cryptocurrency in South Africa should note that Bitforex has a poor reputation due to it faking most of its volume, but it is still a convenient marketplace for South African Crypto buyers as it has many cryptocurrencies not accessible on other South Africa-accessible exchanges. Traders looking to buy cryptocurrency in South Africa can access Bitforex with ease as it is a fairly easy to use exchange, although the interface can lag a bit.

Bitforex Benefits for Buying Cryptocurrency in South Africa:

• Bitforex has low fees
• Bitforex does not need national ID verification from South African traders
• Bitforex has a wide selection of cryptocurrencies, and a lot of liquidity due to high trading volumes

Bitforex Negatives for Buying Cryptocurrency in South Africa:

The negatives of using Bitforex to buy cryptocurrency in South Africa are similar to Binance and Huobi, Bitforex is loosely regulated. Additionally, the exchange lacks advanced trading feature, fakes most of its volume, and often lags.

Bitforex Fees for Buying Cryptocurrency in South Africa:

The fees for using Bitforex to buy cryptocurrency in South Africa are relatively very low. Bitforex does not charge any fees for deposits made to their platform, to make withdraws users pay a very low withdrawal fee to cover the cost of utilizing the respective blockchain’s service. Bitforex only charges a 0.1% fee for trading on the platform.

11. Coinmetro – Buy cryptocurrency in South Africa

Coinmetro has perhaps the lowest volume among global fiat exchanges, making it the last option any South African trader or South African Crypto buyer should resort to. However, Coinmetro uses market makers on every pair so South African Crypto buyers will be able to access volume if they end up using this exchange.

Coinmetro Benefits for Buying Cryptocurrency in South Africa:

• Coinmetro allows fiat-to-cryptocurrency trading for South Africans
• Coinmetro has low fees for buying cryptocurrency in South Africa • Traders can use South African Rand to buy cryptocurrency on Coinmetro

Coinmetro Negatives for Buying Cryptocurrency in South Africa:

The negatives of using Coinmetro to buy cryptocurrency in South Africa are that the exchange has little volume, few cryptocurrency options, and requires national ID verification.

Coinmetro Fees for Buying Cryptocurrency in South Africa:

The fees for using Coinmetro to buy cryptocurrency in South Africa are among the lowest possible. Coinmetro allows fiat deposits to be made on their platform. Using a credit or debit card to make fiat deposits from South Africa, the user will pay 4.99%, but you can wire the money for just 1 Euro. Cryptocurrency deposits are free.
Trading fees are 0.1%, but if South African traders create a market making trade offer, the fee is -0.05%, which means the exchange pays you. Withdrawal fees are 0.15%.

12. Poloniex – Buy Cryptocurrency in South Africa

Poloniex used to be one of the leading cryptocurrency exchanges available to South African traders. While the exchange has lost some popularity, buying cryptocurrency in South Africa from Poloniex is still a good option.

Poloniex Benefits for Buying Cryptocurrency in South Africa:

• Poloniex has high liquidity for South African traders
• Poloniex offers many different cryptocurrencies available for trading, margin trading and stop-limit orders
• Poloniex accepts fiat deposits, and unlike other exchanges, does not charge a fee on fiat deposits                                                                                                                                                  • Poloniex allows South African traders to make fiat deposits in South African Rand

Poloniex Negatives for Buying Cryptocurrency in South Africa:

Poloniex uses Simplex to fulfil fiat transactions, Simplex is a third-party software, and many users have noted that Simplex has consistently delayed their transaction. Simplex also has noted to have terrible customer service. Withdrawing cryptocurrencies from Poloniex can be problematic without national ID verification.

Poloniex Fees for Buying Cryptocurrency in South Africa:

The fees for using Poloniex to buy cryptocurrency in South Africa are fair. Poloniex does not charge South African any deposit or withdrawal fees for fiat and cryptocurrencies. Trading fees on Poloniex are high though, Poloniex charges between 0.15%-0.25% for trading. Simplex charges a fee of 3.5% for fiat deposits made in South Africa.

13. Bancor – Buy cryptocurrency in South Africa

Bancor is meant to be a hybrid between a decentralized and centralized exchange, but it is not good at either. Even then, Bancor’s partial decentralized nature keep it accessible to most users, including those seeking to buy cryptocurrency in South Africa.

Bancor Benefits for Buying Cryptocurrency in South Africa:

• Bancor has the lowest fees in the market for South African Crypto buyers
• Bancor has a very large number of cryptocurrencies available for trading
• Bancor uses Simplex, which allows South African users to utilize South African Rand to buy cryptocurrency.

Bancor Negatives for Buying Cryptocurrency in South Africa:

The Bancor exchange has a history of security issues. In fact, the exchange has been compromised a few times in the past. Bancor also lacks order book depth, giving it poor liquidity. The Bancor user experience is also lacking, making it difficult for new Crypto buyers, even those from South Africa.

Bancor Fees for Buying Cryptocurrency in South Africa:

The fees of using Bancor to buy cryptocurrency in South Africa are the lowest that can possibly be offered. Cryptocurrency deposits to Bancor have no fees, but Simplex charges a fee for fiat deposits. Simplex charges a 3.5% fee for fiat deposits.
There are no trading fees on the Bancor platform. Bancor platform does not charge any withdrawal fees.

14. Coinbase – Buy cryptocurrency in South Africa

Coinbase is the first cryptocurrency exchange I ever used to buy and sell cryptocurrencies in South Africa, and I imagine its probably the first exchange most people tend to use for buying and selling cryptocurrencies.

Coinbase Benefits for buying cryptocurrency in South Africa:

• Includes a consistently high trade volume
• Easy to use and user-friendly interface
• A trusted and reliable exchange

Coinbase Negatives for buying cryptocurrency in South Africa:

The negatives of using Coinbase to buy cryptocurrency in South Africa are a lack of privacy due to Coinbase requiring users to verify their national IDs before they can use the platform, high fees, and a very limited array of cryptocurrencies.

Coinbase Fees for buying cryptocurrency in South Africa:

The fees for buying and selling cryptocurrencies in South Africa on Coinbase tend to vary. Purchases made using credit/debit card have a 3.99% fee for deposits. The Withdrawal fee on Coinbase is 1.49%.

15. Livecoin – Buy cryptocurrency in South Africa

I do not have much personal experience using Livecoin, but I will list some of the positives and negatives I know about using this platform.

Livecoin Benefits for Buying Cryptocurrency in South Africa:

• Livecoin has a very large selection of cryptocurrencies to trade
• Livecoin allows fiat to cryptocurrency exchange
• The website is easy to use and has a user-friendly interface

Livecoin Negatives for Buying Cryptocurrency in South Africa:

The negatives of using Livecoin to buy cryptocurrency in South Africa are that users may be asked to provide national ID verification to make deposits and withdrawals using fiat currencies. There’s also lower liquidity than many of the other exchanges mentioned here and the exchange has high trading fees for South African buying cryptocurrency.

Livecoin Fees for Buying Cryptocurrency in South Africa:

The fees of using Livecoin to buy cryptocurrency in South Africa are fairly high. Livecoin charges South African traders a trading fee of 0.18%, however high rollers (million-dollar traders) are offered better rates. Depositing cryptocurrencies on the Livecoin platform is free, but if you are depositing fiat currencies you can expect to pay anywhere from 6-10% in fees.
Withdrawing cryptocurrencies on Livecoin is free, but similar to almost every other exchange, you will have to cover the blockchain service fees, which are very low. Withdrawing fiat currencies comes at a fee of 1-3%.

16. BitMEX – Buy cryptocurrency in South Africa

BitMEX is unlike other cryptocurrency exchanges because its primary function is not trading spot markets. Instead, the primary purpose of Bitmex is to trade financial derivatives using cryptocurrencies, and it is the leading option for South African cryptocurrency buyers who want up to 100x exposure to cryptocurrency movements.

BitMEX Benefits for Buying Cryptocurrency in South Africa:

• BitMEX is great for experienced and advanced traders, because BitMEX provides numerous advanced trading features, financial derivatives, options and futures
• BitMEX offers 1-100x leveraged trading to South African looking to buy cryptocurrency

BitMEX Negatives for Buying Cryptocurrency in South Africa:

The negatives of using BitMEX to Buy cryptocurrency in South Africa are that it is not beginner-friendly, and offers a limited selection of cryptocurrency derivatives, because. Also, South African traders will also notice a lack of fiat deposits and withdrawals.

BitMEX Fees for Buying Cryptocurrency in South Africa:

The fees of using BitMEX to buy cryptocurrency in South Africa are among the highest in the market. Trading cryptocurrency on BitMEX has a fee of 0.075%. However, at 100x, this fee is 7.5% of user’s funds.
South African Crypto traders only pay a withdrawal fee to the blockchain network being used; BitMEX itself does not charge any withdrawal fees. Deposits are made free of charge for the most part.

17. BitPesa – Buy cryptocurrency in South Africa

BitPesa was originally designed back in 2013 to provide a low-cost blockchain powered alternative method for fiat transfers to and across Africa. BitPesa’s business model is still centered around providing consumers in Africa a cheaper alternative to Western Union and MoneyGram.

BitPesa Benefits for Buying Cryptocurrency in South Africa:

• BitPesa has decent liquidity for South African traders, due to a consistent trade volume
• BitPesa is easy to use and has a user-friendly interface
• BitPesa allows South African cryptocurrency buyers the ability to trade cryptocurrencies with fiat currencies
• BitPesa is one of the few exchanges in the market that accepts Nigerian Naira and Ghanian Cedi deposits

BitPesa Negatives for Buying Cryptocurrency in South Africa:

The negatives of using BitPesa to buy cryptocurrency in South Africa are that there is not a lot of cryptocurrencies available for trade on this exchange because the primary business target is the remittance market. Also, national ID verification may be required. The Bitpesa platform is not designed to be an exchange for traders, rather a remittance service for African nations with the ability to support trading services for South African who want to buy cryptocurrency.

BitPesa Fees for Buying Cryptocurrency in South Africa:

The fees for using BitPesa to buy cryptocurrencies in South Africa are astronomically high. Bitpesa charges a 3% rate for transfers between fiat and crypto. This is for both deposit and Withdrawals.

18. OKEx – Buy Cryptocurrency in South Africa

OKEx has a lot of similarities with Bittrex, but there are a few differences between these platforms that could make you prefer one over the other.

OKEx Benefits for Buying Cryptocurrency in South Africa:

• OKEx offers low fees for buying cryptocurrency in South Africa
• OKEx has a lot of liquidity due to high trading volumes
• OKEx offers a wide selection of cryptocurrencies to trade
• The exchange is easy to use and has a user-friendly interface

OKEx Negatives for Buying Cryptocurrency in South Africa:

The negatives of using OKEx to buy cryptocurrency in South Africa are that USD and CNY are the main fiat deposits, National ID verification may be required, and the exchange is largely unregulated.

OKEx Fees for Buying Cryptocurrency in South Africa:

The fees for using OKex to buy cryptocurrency in South Africa are some of the lowest in the industry. OKEx does not have any deposit or withdrawal fees for South African traders, but users will still have to pay their blockchain network for the withdraws. OKEx has a low 0.1% fee for trading.

19. DDEX – Buy Cryptocurrency in South Africa

DDEX is one of the most popular decentralized exchanges to date. South African traders interested in decentralized exchanges are likely to find more volume here than most other options.

DDEX Positives for Buying Cryptocurrency in South Africa:

• DDEX withdrawal and deposit fees are only blockchain gas costs
• DDEX uses market markers, offering liquidity to South African looking to buy cryptocurrency on a DEX
• Almost every cryptocurrency on the market is available on DDEX
• DDEX offers South African Crypto buyers extreme privacy because no ID verification is necessary and no account creation is required for South African Crypto buyers

DDEX Negatives for Buying Cryptocurrency in South Africa:

The negatives of using DDEX to buy cryptocurrency in South Africa are that no fiat deposits/withdrawals are supported. South African traders will face a lack of concentrated liquidity due to trading volume being spread over so many different cryptocurrency pairs.
Buying cryptocurrency in South Africa should likely not start with DDEX for people who are new to cryptocurrencies because it can be somewhat difficult to make deposits on this exchange compared to regular centralized exchanges.

DDEX Fees for Buying Cryptocurrency in South Africa:

There are no fees for using DDEX to buy cryptocurrencies in South Africa. South African traders also face no fees for using DDEX for deposits or withdrawals, beside blockchain gas payments.

20. IDEX – Buy Cryptocurrency in South Africa

IDEX is a completely decentralized exchange. Decentralized exchanges operate very differently to centralized exchanges and come with their own set of benefits and negatives.

IDEX Benefits for Buying Cryptocurrency in South Africa:

• IDEX offers South African Crypto traders the widest selection of cryptocurrencies
• IDEX gives South African Crypto buyers a straightforward interface
• No national ID verification required, in fact, traders can use this exchange without even creating an account

IDEX Negatives for Buying Cryptocurrency in South Africa:

The negatives of using IDEX to buy cryptocurrency in South Africa are no fiat deposits/withdrawals and lack of liquidity. I would not recommend IDEX to South African buying cryptocurrency for their first few trades. IDEX is slightly more difficult to use than any regular centralized exchange.

IDEX Fees for Buying Cryptocurrency in South Africa:

IDEX charges market takers 0.2% and maker makers 0.1%. There are also no fees for using IDEX to make deposits or withdrawals, beside the blockchain gas fees.

 

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