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Terms and conditions of exchange services Crybex.com

Crybex.com exchange service provides services to convert cryptocurrencies to U.S. dollars, calculating the amount to be issued at the exchange rate fixed after sending and receiving a certain number of confirmations in the network.

The number of confirmations depends on the specific blockchain and is indicated on the exchange page for the corresponding direction and in the table below:

Cryptocurrency Confirmations
BTC (Bitcoin) 4
ETH (Ethereum) 30
SOL (Solana) 300
DOGE (Dogecoin) 60
XMR (Monero) 18
SHIB (Shiba Inu) 24
LTC (Litecoin) 8
TRX (Tron) 3
XRP (Ripple) 30
ETC (Ethereum Classic) 8100
DASH (Dash) 58
UNI (Uniswap) 30
MATIC (Matic) 200

Crybex when calculating the value of the cryptocurrency takes into account price indicators on exchanges such as Binance, Huobi Global, bitexbit, WhiteBIT and Bitstamp.

The value of the Ukrainian hryvnia is determined according to the current data on the website privatbank.ua.

The amount receivable by the client in Ukrainian hryvnia in cash (D) is calculated by the formula:

A*B*C=D
A — the value of the cryptocurrency on the exchange at the time of its crediting to the Crybex address;
B — the value of the Ukrainian hryvnia against the U.S. dollar on Privatbank website;
C — the number of coins sent.

The amount receivable by the customer in cash (H) is calculated according to the formula:

(E–F)*G=H
E — the value of the cryptocurrency on the exchange at the time of its crediting to the Crybex address;
F — Crybex commission;
G — the number of coins sent.

Crybex commission (F) in this case is calculated by the following formula:

(I/E-1)*100=F (%):
I — the value of 1 coin on Crybex.com at the time it was credited to Crybex;
E — the value of the cryptocurrency on the exchange at the time of its crediting to the Crybex address.

The amount receivable is calculated on the actual amount received at the Crybex address, not on the amount specified in the order.

Risk level

Note, Crybex automatically checks all incoming transactions through AML services. The risk assessment of coins must not exceed 45%. If the risk score is higher than 45% coins may be blocked by the service until the user has undergone a full identity verification procedure, according to the established AML/KYC procedure.

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07.03.2023, 09:49