Also referred to as iceCUBED exchange, iCE3X is a South African cryptocurrency platform that allows users to trade in Bitcoin, Litecoin and Etherum currencies. A unique attribute of the platform is that it runs a 100 percent cold storage policy. This means that all funds are stored offline. iCE3X is popular in South Africa, Nigeria, and the United Sates. The first step to using iCE3X is by getting a bitcoin wallet.
The iCE3X platform scales to fit the screen of most devices, including smartphones. This is advantageous for users who alternate between computers and smartphones.
Flat Fee Model
iCE3X charges a flat trading fee of 0.5 percent for all users. It also offers volume-based discounts for the best traders. For a trading volume that exceeds one bitcoin, the trading fee is lowered to 0.35 percent and if it exceeds 100 bitcoins the fee is as low as 0.25 percent. This is unlike most exchanges which normally feature a fixed withdrawal fee.
Make deposits easily through EFT from any major bank with branches in South Africa. iCE3X offers same-day processing of your deposits and withdrawals.
iCE3X trains its customers on the benefits of keeping funds in their own wallets. However, for clients who choose not to do this, the platform has a two-factor authentications system that ensures total safety of transactions. There is also a checks and balances system in place to flag any suspicious account activities. All coins are stored offline.