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Crybex review: is a safe exchange or a scam? (09.2021)

Crybex user interface: the home page in English

What do we know about Crybex? According to the data we possess, it appears to be a not the most admired, still rather an aged, fairly promising dealer aka exchanger. It's a broker operating for about 1 years and 10 months. Crybex supports some of the popular crypto. Crybex operator is an unknown entity or a group of individuals, but we must add that it appears as the usual way to do crypto-related business in their jurisdiction.

Clients from all the 255 countries & territories are welcome here, together with your home country: United States! Broker serves the US and allows registrations from all the 56 states. Unfortunately we couldn't yet collect enough data about the order processing speed from the actual customers, maybe you know how fast Crybex processes the orders? If you do, please share the knowledge! Thanks a lot! Specific types of orders may require identity verification to exchange crypto on this broker.

Starting from 2019, crybex.com is trying its best to earn the trust from the community. Despite that, our users hasn't yet rated or reviewed broker. Have you ever used the Crybex? If you did, please spend a minute to leave your valuable feedback, we really appreciate it and put our trust on you. Thanks! Despite the fact hadn't yet collected enough data to list these guys among the rest of the approved exchange services (more information below) and therefore can't yet assign the rating to this broker, we can propose a preliminary evaluation: 57/100. Far from a perfect result, but not the worst. Whilst the rating for a broker doesn't look super-impressive, the main reason is that it's relatively a new website. We are extra careful and somewhat picky while assigning rating for rather "new" exchanges, particularly when assessing the unregulated "exchangers". It can be dangerous to trust your money to a new website operated by some unknown people; hence the lower rating this time.

So, what's our opinion so far? Based on the information we currently hold, Crybex should be a likely not one of the best and most favorable site to swap Bitcoins; not the exchange we vouch for, however, not the worst. Let's appraise everything in details...

Overview: is Crybex safe?

Crybex operates as the Broker. A project had started up in November 2019. Despite the fact that we couldn't find any information about the company that manages crybex.com site (and are not even sure if there's a legal entity at all), we must say that it's rather a usual practice for the "exchangers" from Russia and the neighboring countries. The main reason for this is the uncertain local regulation; such exchange providers have no way to open a corporate bank account, etc.

So what we'll decide, how safe is Crybex?

Crybex wasn't rated yet. What does it mean, is it secure to use this broker? Despite crybex isn't yet fully listed and has no rating @ ExchangeRates.Pro, it doesn't mean it's a scam website , is a bad broker, whatever. We are very careful with new additions to our listing, especially for less regulated Brokers and (among all other procedures) postpone the decision until we receive at least a few reports from real users that we can verify.

This ordinary takes rather a long time; we already have 40 well-examined websites in our listing, nevertheless, we never rush to add more. With 20,374 ways to buy and sell BTC worldwide, including 2,048 local ones for United States and USD, why urge? For now, we can already state that although it's a bit early to make conclusions, Crybex could receive the approval after operating some more time, considering we don't discover any reasonable complaints and will be able to find/receive few more positive reviews we can trust. Let's keep an eye on it! 57/100, the proposed rating for the crybex.com so far says that today we won't endorse exchanging money here. It's still a rather new website, we expect better rating once the service matures, on condition that we get no complaints. Let's see! Now let's break down our assumed rating for CRYBEX, how it was calculated:

Time in the business: 1 year 10 months
Feedback count: 0
Business model: no information available

Altogether, the preliminary rating for Crybex is 57 / 100

Research: best alternative to Crybex

By reason of we can't (yet?) endorse the crybex.com, you may feel safer choosing the website we've already appraised and checked in full. Therefore we took the liberty to research the market and suggest a viable, well-known, 100% trusted alternative exchange platform. How we did it? Let's explain! Makes sense to start from figuring out what exactly we are looking for:

A glance at the service specifics confirms that Crybex employs the business model of a Broker; Crybex started the business in November 2019. An entity is in the business for 1 years and 10 months and gained some popularity on the market. Please note that it's just a super-small snapshot of what we've discovered, details about the business model are available in the "what we already know about crybex" section. Considering all the abovementioned, we were looking for another broker allowing registrations from United States with a flawless reputation and the best rating and found a perfect match: TransCoin! Let's figure out what makes it the safest choice:

TransCoin user interface: the home page in English

TRANSCOIN is also a Broker; exchange started to provide the services in May 2018. It is a really trusted, surely a respectable, well established, interesting exchange platform (broker) that supports 3 cryptocurrencies and tokens: you can buy and sell crypto using 2 national currencies (6 payment systems and banks are supported). This is what we value the most about this great exchange service:

  • It is a respectable financial company; the firm holds required license(s) and is fully compliant with the regulation
  • The business model of an exchange broker doesn't require to store the customers' money, there are no accounts, etc. The crypto (or fiat) payment will be instantly delivered to a wallet (bank or fiat payment system) of your choice
  • The exchange runs the business for a long time; project was started 3 years and 4 months ago
  • The platform supports 3 cryptocurrencies and 2 fiat ones (totally 6 payment systems / banks are available). Besides the digital currencies exchange, there are no extra services provided
  • The limits for purchases and withdrawals are among the highest on the market: from $47.71 to $50,000 USD, the exact limit depends on what payment system you choose to pay or get paid to
  • TransCoin accepts the registrations from 255 countries; customers from United States can use the services
  • Customers' testimonials are top notch, 100% (5 out of 5) wrote about the positive experience doing business with TransCoin.

So, let's conclude: the best alternative to Crybex is

TransCoin, a perfectly safe and trusted broker, rated 100/100. Such score is really, really hard to get, only very exchange services managed to get such a high rating! Let's break down how the transcoin.me exchange could get such a scoring.
Time in the business: 3 years 4 months
Feedback count: 5
Reviews: 5 positive, 0 negative, 0 neutral
Business model: licensed, fully compliant

Overall scoring for TransCoin: 100 / 100

Crybex fees, limits, verification, etc.

Even though we still consider if we should add CRYBEX to the list of approved exchange platforms and the individual dealers-exchangers and are in process of gathering and evaluating the information, we've already collected some data worth sharing. The business appears like a one of the many representatives of the broker type running from Nov 2019. We could not find any information about the company administering the website; no signs if there's any legal entity at all. That's not a good indication, but sadly it's rather a usual practice for "exchangers" operating on/from the Russian and ex-USSR market.

crybex.com is a broker, sort of "crypto exchange bureau" online. Buying and selling aside, there's usually not much to do on such a website; but isn't it exactly what we are looking for? On a positive note, the brokers don't hold the clients' funds and typically require less trust, etc.

Dealing with a reputable service of the sort is virtually risk-free, especially if you don't send a lump sum at once. Just please remember that trading with an anonymous or almost anonymous dealer requires extra caution!

Fees & Limits at Crybex

We normally analyze the fees and limits even for the exchanges that are not yet listed but are in the "watch list", while we are considering if we should add these sites or not. Unfortunately, due to some technical issues the integration with Crybex is not yet set, and therefore we can't state anything about the fees and purchase limits at this broker. Please accept our apologies!

Crybex account verification

The broker may ask the customers to complete the user identification process (account verification) when certain conditions are met. Exchangers like Crybex operate in a gray area due to the fact that their target markets have no cryptocurrency regulation in place. Therefore such providers either have no KYC programs at all or maintain a very simple one. You'll get acquainted with the details during an order submission.

As for the estimation how long does it takes to verify an account at Crybex on average: we must apologize, our platform still haven't collected enough feedback from the real users of a broker. By any chance, if you know how fast crybex.com is with an account verification, kindly let us know too. We really appreciate your commitment!

Supported countries

The website allows the user registrations from 255 countries. Actually it appears that absolutely all the countries and territories are supported by crybex.com, it has no blacklisted geographies and no geo-restrictions!

Does Crybex allow the users from United States (US)?

USA flag

That's right, it does! crybex.com permits the registrations from the United States! Broker grants access to the customers from all the existing 56 states, territories, and commonwealths of the U.S.A..

American residents and the U.S. citizens are welcome to convert various crypto currencies offered by the broker.

Ops, sorry! Can't get an access to the data regarding the US operations of Crybex. While we are fixing that, please explore the exchange's website; there's a list of payment systems supported, etc.

Customers' testimonials

please let us know how do you like Crybex?

We still hadn't received any reviews of crybex.com we could verify. We'd love to know what our valued visitors think of this website; based on that we'll decide should we approve the Broker or not. If you've already tried this service or know someone who did we are counting on you! What do you think about this exchange? Please share your experience, your thoughts... even just a few words testimonial is a great help!

FAQ about Crybex

Does Crybex holds my funds?

It does not! One of the best things dealing with the brokers is that unlike most of other exchanges, such businesses instantly deliver your funds to your own wallet after the payment clearance.

Is Crybex a good broker?

We can't neither say it's a good broker or a bad one so far... We can say so based on the score the exchange got at our platform. The details are explained in this review and we break down a score in the overview section.

Is Crybex licensed? Does it hold e-money license?

It is not. We even could not find any information about the business entity operating the exchange, etc.

Is Crybex a ripoff?

There are no reasons to call Crybex a ripoff, but we must admit that our rating for the broker is far from the top. The details are explained in this review and we break down a score in the overview section.

is Crybex a legit exchange?

Despite the fact that there are no reasons to consider Crybex a fraudulent service, our rating score for broker is pretty low. CRYBEX operates without any business licenses, etc. (unfortunately, it's rather common practice for Russian, CIS, and Eastern Europe based exchangers) so in case of any force-majeure, etc. the risk of losing money increases; please deal with caution! Our proposed rating score is 57 | 100, feel free to read more about what does it means and how the scoring is calculated.

Can I trust Crybex with my money?

We won't risk our credibility by recommending to trust Crybex because we are not yet 100% sure how reliable it is; read why we preliminary assess the 57/100 result for the exchange. And remember, whatever service you use, it never hurts to test it with a smaller amount first! Especially when you are dealing with unregulated exchanges and the individual exchangers.

Is Crybex instant?

Exchange with Crybex is not instant, so you may experience some delays while waiting for your money to be delivered.

Crybex vs other exchanges

We understand that you likely are interested to choose a most trusted broker that has flawless reputation and great reviews so we took the liberty to compile a list of alternative sites you may use instead of Crybex. There are similar exchanges providing more or less the same services; let's see what else is available right away and compare it to the reviewed business! Besides, we found platforms having similar rating that are popular in United States particularly and North America in general. And by the way, if you are eager to pick an exchange basing on a rate and fees mostly, our price comparison platform always finds the most reasonable exchange rates in United States!

Crybex vs WMexpress

A comparison of the key features and the principal facts about WMEXPRESS versus Crybex; just take a glance to decide if WMexpress will be the optimal choice for you or at least if it's worth checking our full study:

  • WMexpress is a broker The way crybex.com website functions fits the broker format, both following the same approach to the business.
  • WMexpress had launched the service August 2015 Crybex started the project November 2019 (WMexpress is operating for 4 years and 2 months longer).
  • WMexpress operates without any registration or no information is available about the legal entity Crybex carries on the operations without registering a legal entity or there's no information publicly available about the firm (both websites follow the same corporate model i.e. the absence of such one, almost an identical approach to the operational and legal matters, etc.).
  • WMexpress allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the Crybex being a resident of any of 255 countries; United States is granted with an access among all others (Crybex & WMexpress authorize sign-ups from the same number of countries worldwide).
  • When the client needs to pass through the KYC process at WMexpress, they usually ask to provide 1 document or procedure: Card Verification. In most of the cases, it takes about a day or two, as per the actual clientele survey results The process of Customer Identification at Crybex typically involves a few (varies case-by-case) individual procedures. (Crybex's AML Program and KYC Policies routinely demand less personal data from the customers therefore you'd spend shorter time on the verification).

So, is WMexpress a better alternative to Crybex? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. In view of the lesser rating score Crybex achieved: 57 vs WMexpress rated 71, we honestly believe that WMEXPRESS should do the job better than the reviewed broker; certainly worth testing!

Like reading? In fact, there are more exchanges worth comparing to Crybex, such as:

Crybex vs 100monet

A comparison of the key features and the principal facts about 100MONET versus Crybex; just take a glance to decide if 100monet will be the optimal choice for you or at least if it's worth checking our full study:

  • 100monet is a broker The way crybex.com website functions fits the broker format, both following the same approach to the business.
  • 100monet had launched the service December 2014 Crybex started the project November 2019 (100monet is operating for 4 years and 11 months longer).
  • 100monet operates without any registration or no information is available about the legal entity Crybex carries on the operations without registering a legal entity or there's no information publicly available about the firm (both websites follow the same corporate model i.e. the absence of such one, almost an identical approach to the operational and legal matters, etc.).
  • 100monet allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the Crybex being a resident of any of 255 countries; United States is granted with an access among all others (Crybex & 100monet authorize sign-ups from the same number of countries worldwide).
  • When the client needs to pass through the KYC process at 100monet, they usually ask to provide some (it depends on various factors) documents and / or specific procedures The process of Customer Identification at Crybex typically involves a few (varies case-by-case) individual procedures. (Crybex & 100monet alike abide by the roughly analogous KYC policies requiring a user to complete almost identical stages during the verification).

So, is 100monet a better alternative to Crybex? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. In view of the lesser rating score Crybex achieved: 57 vs 100monet rated 67, we honestly believe that 100MONET should do the job better than the reviewed broker; certainly worth testing!

Like reading? In fact, there are more exchanges worth comparing to Crybex, such as:

Crybex vs chby

A comparison of the key features and the principal facts about CHBY versus Crybex; just take a glance to decide if chby will be the optimal choice for you or at least if it's worth checking our full study:

  • chby is a broker The way crybex.com website functions fits the broker format, both following the same approach to the business.
  • chby had launched the service July 2018 Crybex started the project November 2019 (chby is operating for 1 years and 4 months longer).
  • chby operates without any registration or no information is available about the legal entity Crybex carries on the operations without registering a legal entity or there's no information publicly available about the firm (both websites follow the same corporate model i.e. the absence of such one, almost an identical approach to the operational and legal matters, etc.).
  • chby allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the Crybex being a resident of any of 255 countries; United States is granted with an access among all others (Crybex & chby authorize sign-ups from the same number of countries worldwide).
  • When the client needs to pass through the KYC process at chby, they usually ask to provide some (it depends on various factors) documents and / or specific procedures In most of the cases, it takes about a day or two, as per the actual clientele survey results The process of Customer Identification at Crybex typically involves a few (varies case-by-case) individual procedures. (Crybex & chby alike abide by the roughly analogous KYC policies requiring a user to complete almost identical stages during the verification).

So, is chby a better alternative to Crybex? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. In view of the lesser rating score Crybex achieved: 57 vs chby rated 66, we honestly believe that CHBY should do the job better than the reviewed broker; certainly worth testing!

Like reading? In fact, there are more exchanges worth comparing to Crybex, such as:

Crybex vs 1-online

A comparison of the key features and the principal facts about 1-ONLINE versus Crybex; just take a glance to decide if 1-online will be the optimal choice for you or at least if it's worth checking our full study:

  • 1-online is a broker The way crybex.com website functions fits the broker format, both following the same approach to the business.
  • 1-online had launched the service February 2017 Crybex started the project November 2019 (1-online is operating for 2 years and 8 months longer).
  • 1-online operates without any registration or no information is available about the legal entity Crybex carries on the operations without registering a legal entity or there's no information publicly available about the firm (both websites follow the same corporate model i.e. the absence of such one, almost an identical approach to the operational and legal matters, etc.).
  • 1-online allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the Crybex being a resident of any of 255 countries; United States is granted with an access among all others (Crybex & 1-online authorize sign-ups from the same number of countries worldwide).
  • When the client needs to pass through the KYC process at 1-online, they usually ask to provide some (it depends on various factors) documents and / or specific procedures In most of the cases, it takes about a day or two, as per the actual clientele survey results The process of Customer Identification at Crybex typically involves a few (varies case-by-case) individual procedures. (Crybex & 1-online alike abide by the roughly analogous KYC policies requiring a user to complete almost identical stages during the verification).

So, is 1-online a better alternative to Crybex? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. In view of the lesser rating score Crybex achieved: 57 vs 1-online rated 66, we honestly believe that 1-ONLINE should do the job better than the reviewed broker; certainly worth testing!

Like reading? In fact, there are more exchanges worth comparing to Crybex, such as:

Crybex vs Newline

A comparison of the key features and the principal facts about NEWLINE versus Crybex; just take a glance to decide if Newline will be the optimal choice for you or at least if it's worth checking our full study:

  • Newline is a broker The way crybex.com website functions fits the broker format, both following the same approach to the business.
  • Newline had launched the service March 2016 Crybex started the project November 2019 (Newline is operating for 3 years and 7 months longer).
  • Newline operates without any registration or no information is available about the legal entity Crybex carries on the operations without registering a legal entity or there's no information publicly available about the firm (both websites follow the same corporate model i.e. the absence of such one, almost an identical approach to the operational and legal matters, etc.).
  • Newline allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the Crybex being a resident of any of 255 countries; United States is granted with an access among all others (Crybex & Newline authorize sign-ups from the same number of countries worldwide).
  • When the client needs to pass through the KYC process at Newline, they usually ask to provide some (it depends on various factors) documents and / or specific procedures In most of the cases, it takes about a day or two, as per the actual clientele survey results The process of Customer Identification at Crybex typically involves a few (varies case-by-case) individual procedures. (Crybex & Newline alike abide by the roughly analogous KYC policies requiring a user to complete almost identical stages during the verification).

So, is Newline a better alternative to Crybex? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. In view of the lesser rating score Crybex achieved: 57 vs Newline rated 65, we honestly believe that NEWLINE should do the job better than the reviewed broker; certainly worth testing!

Like reading? In fact, there are more exchanges worth comparing to Crybex, such as:

Conclusion: is Crybex legit or scam?

Seems it's time to finalize the report, to make a judgment call. Is Crybex a scam or is it a legitimate exchange? How secure the crybex.com website is? Can you trust Crybex with your money? And (in our case) the most frequently asked question: Why the broker is not yet ranked at ExchangeRates.Pro? Let's start by answering the last question and, you'll see, the replies to the rest will follow. Can't wait? Help yourself jumping to the final verdict!

Why we hadn't yet ranked and fully listed CRYBEX and what does it mean?

The routine for adding a new exchange, especially if it's a Broker, to ExchangeRates.Pro listing is rather a long process and it depends on few factors we don't control directly. Our approach to the process is «better be safe than sorry»; we already have 40 well-tested platforms providing similar to Crybex functionality. 22 different exchange websites of broker type are among those and additionally, there are 5 peer-to-peer marketplaces. 20,375 exchange offers are available right away; these cover almost all the payment systems and local banks available in United States and North America for buying and selling BTC, cryptos, and tokens with US Dollar, EURos, whatever. Hence, we never hurry to add more websites until we are 100% sure we did everything we could to verify the data and test every service well ourselves. It takes time. Moreover, there are two circumstances that are out of our direct control:

  1. All the exchange services, most notably the broker type ones are staying in the "pending approval" state until we collect at least a few reviews from the genuine customers, the ones we can actually verify. In addition, we monitor the clients' testimonials at the trusted review platforms, social networks, etc., and postpone the approval until we find enough evidence that the broker has no unresolved complaints and there are enough convincing users recommendations.
  2. We receive the new applications daily and like over 90% are from the other Brokers. It consumes a lot of time to check each and every one; there's a large queue and we have to be selective when choosing which applications to process first. Considering there's 269 pending applications from other "exchangers", websites that are very similar to Crybex, we can't promise that we'll process this one very fast, our apologies.

Exceptions from these two rules may happen only in very rare extraordinary cases. As you can see, we move forward with listing new exchanges slowly and the queue for Brokers is the largest one, but as a consequence, only the best brokers are getting approved. It's still very early to state that we would or we won't list Crybex, although we aren't very excited about the data we currently possess. The time (and reviews) will tell what to do, for now, we are cautious about crybex.

So is Crybex a legit exchange or a fraud?

According to the data we currently have, Crybex is not a scam. However, the rating score the broker got is not very impressive. Should you use crybex.com to exchange crypto? We are not endorsing it nor we are strongly advising to keep away from it. As we already mentioned, we are super prudent rating the exchangers like this. The cost of entry to the market is low for such a business. Operator(s) are usually unknown, etc., so they need years of flawless work to gain the trust. The score and our assessment should improve in the long run. The decision is up to you, just don't forget about the alternatives! There are some perfectly safe exchange platforms we can suggest: reliable brokers and much more!

Alternative solution: how to find the best rate to exchange BTC & crypto in United States and North America

There is another way of finding the most worthy alternative to Crybex that will work best for you. What if instead of opposing the features of various exchanges we'll compare the terms of the specific offerings that all the marketplaces, brokers, dealers, and even individual exchangers provide? That's exactly what our platform does! We assist you in choosing the most appropriate deal considering:

  • The fees and rates provided at the moment by 21 exchange websites of a "Broker" type and 20,375 other offers.
  • BTC/USD exchange rate at those ; the availability of service for the residents of United States.
  • Which local banks & payment systems out of 153 serving US are the fastest, most convenient and cost-efficient personally for you.
  • Amount you need to swap: say, the conditions for exchanging USD 1 will be significantly different from the terms of $47,328.0 conversion.
  • And of course, you see the rating, users reviews (up-to-date 475 real clients testimonials), etc. for all the offers available!
Buying and Selling BTC in United States

Our platform could find 2,048 offers to buy, sell, exchange BTC available to users from United States, and 1,805 of these are for the US Dollar currency. There are totally 28 exchange services supporting US. Some of those are providing the access to USD|BTC market, including such types as Broker, e-wallet, P2P Marketplace, Trading Platform, etc. 8 exchanges has active offers for these currencies right now; you can buy/sell using 95 local and international payment systems & banks! The local dealers and exchanges are mentioning the support of 77 local banking institutions and the payment systems. Besides, there are ways to buy and sell BTC paying with the cash! 2 dealers are providing this service. According to the latest data we have, the lowest fee to purchase BTC with USD locally is available for Western Union, payment system of the Money Orders type. The most popular domestic options for purchasing BTC @ US:

Our software couldn't get an access to the data what's available at crybex.com for the clients from United States, however we are sure that you'll find a worthy alternative on one of 39 exchange websites we compare the rates at! Check out what the local dealers and platforms are offering: currently there are 77 domestic banks supported. Besides, you may find something interesting browsing 20,375 offers available with 95 ways to pay internationally, either to neighboring countries in North America or to any other part of the world. Cash exchange (i.e. the meeting with a dealer) in various areas of United States is possible as well, if you are interested.