IDAX - Exchange Review

Origin and initial promise

IDAX launched with ambition. Based in Mongolia, it positioned itself as an altcoin-friendly hub - users could trade obscure tokens not found on larger platforms. Fees sat at around 0.1%, simple and predictable. The platform offered broad choice, speed, and a lean interface. For altcoin hunters, it stood out.

Fade into inactivity

Then activity dried up. Volume dropped to zero. CoinMarketCap and similar trackers marked it as "untracked." The website went offline. No support. No updates. Just silence. What once served niche traders quietly evaporated.

Security and trust at risk

IDAX was unregulated from the start. No licensing. No clear legal structure. Trust came from token breadth and fee clarity - but that wasn’t enough. Users flagged issues on review sites. Many reported frozen funds, ignored support, and a site that simply stopped responding. Today, its Trustpilot rating sits near the bottom - full of warnings and frustration.

Snapshot

Final notes

IDAX had a niche and a moment. It offered access to rare tokens at low cost. But lack of regulation, operational opacity, and user trust breakdown left an empty shell.

If you ever used it - don’t expect returns. Withdrawals never came, support ended, and the name survives only as a warning: no matter how many tokens you list, without infrastructure they don’t matter.