Cryptocurrency Exchange

Dacxi Review : Discover Fees, Supported Crypto, And More

Author: Sohrab Khawas

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    Dacxi is an innovative pioneer of the emerging Crypto Wealth sector. 

    Investors can buy cryptocurrencies like Bitcoin and Ethereum – either as individual coins or as part of portfolio ‘bundles’ that take the worry out of asset selection. With Dacxi, customers can also purchase tokenised precious metals like gold, silver and platinum. Meaning they can hedge their investment with these popular wealth-protection assets, without the logistical headaches of purchasing, transporting, and storing the physical metals.

    Dacxi is designed for:

    • Wealth builders looking for a platform dedicated to their specific needs
    • Wealth builders who want a highly secure, tightly regulated platform with insured coin storage
    • New crypto investors looking for an easy-to-use way to get started

    Investing Experience

    Beginners and experienced investors alike will enjoy Dacxi’s simple-to-use features. It’s designed for everyday people who are new to crypto, which means it’s user-friendly. It’s also designed for wealth builders – which means it’s best suited to people looking to build their wealth over time, rather than frequently trade for short-term gains. 

    Education

    As the pioneers of Crypto Wealth, Dacxi has created an education platform dedicated to teaching the wealth builder’s mindset and sharing crypto investment strategies. ‘Dacxi Learn’ division is pioneering ‘Wealth education’, with standardised courses, buffet learning and live webinars. Dacxi LEARN is also home to the UK’s only CPD-qualified crypto course for Financial Professionals.

    Company Details

    Dacxi launched in 2017. Headquartered in Singapore, the company is expanding globally, with its most extensive customer base in the UK and Australia. 

    Dacxi operates under a European Union crypto exchange licence, Australian AUSTRAC AML, New Zealand FSP and UK FMA AML compliance. Dacxi also launched the UK’s first FCA compliant ISA and pension products in 2021.

    Dacxi Fees

    Dacxi has a highly competitive fee structure, made to help maximise client profitability. Dacxi’s Global and Australian platform fees are flat, simple and low cost.

    Dacxi Security

    Dacxi’s client assets are protected by Lloyds-insured service from Bitgo, a world-leader in crypto-custody. Dacxi also works with leading security companies like Chainanalysis to ensure its platform is as safe and secure as possible. 

    Companies in the financial services industry must verify the identity, suitability, and risks of maintaining a business relationship. That’s why Dacxi follows “Know Your Customer” guidelines, which require identification verification from all users via government-issued photo ID. The Dacxi platform has also made two-factor authentication (2FA) mandatory on all log-ins, to add a further layer of protection.

    Customer Trust

    Customer feedback on Dacxi is positive, with an average 4.7 out of 5-star rating across 86 Trustpilot reviews

    Dacxi Usability

    As a platform designed for everyday people, usability is at Dacxi’s core. Here are some of the platform’s user-friendly features:

    • A clean and attractive interface with no unnecessary clutter.
    • No complex day trader charts and derivatives instruments
    • Straightforward order placement 
    • Easy and secure storage
    • Comprehensive transaction histories

    Dacxi has also taken steps to simplify its customers’ taxes. During tax time, users can review their Dacxi account basics, history and transactions, and download a complete transaction history. Dacxi’s centrally stored record keeping also saves users having to maintain their transactions across various spreadsheets. 

    Investor Education

    Dacxi places huge emphasis on education. The company has created Dacxi LEARN, an education portal where clients can learn all they need to know to become a confident crypto investor. 

    Dacxi’s dedicated educational resources include cryptocurrency courses for individual investors and financial professionals, informative videos, and webinars.

    Courses For Retail Customers & Financial Advisors

    Dacxi LEARN features a range of free courses where users can learn about the cryptocurrency market before they invest. The platform’s introductory course for private investors includes topics like, ‘What is crypto, and why can’t the world stop talking about it?’, ‘What is Crypto Wealth?’, ‘What is Tokenisation?’, ‘What is a Use Case?’, and ‘Why is Security so Important?’

    Dacxi also offers an education stream just for financial professionals, dedicated to arming them with the knowledge they need to offer sound crypto advice to their clients. 

    Dacxi LEARN’s introductory course for financial advisors includes topics such as ‘The crypto world beyond Bitcoin’, ‘How crypto fits into the traditional wealth landscape’, ‘The regulatory and tax implications of crypto’, and ‘What crypto’s growing popularity means for Financial Professionals’. 

    Dacxi is a member of the CPD certification service in the UK, and has been awarded accreditation for their course ‘Unlocking the Financial Opportunity for Financial Professionals’.

    Webinars

    Dacxi hosts regular live webinars for their community, which are recorded so that users can browse them at their own leisure. These webinars are there to inform, educate, and inspire Dacxi’s customers. 

    Webinar topics include ‘Cryptocurrency Pensions For Beginners (UK SSAS)’ and ‘Crypto Wealth For Women’, along with many more.

    How-to Videos 

    Dacxi’s series of short explainer videos help break down complex crypto topics into bite-sized chunks. Topics include, ‘What is Asset Tokenization’, ‘The Future of Crypto Payment Coins’, and ‘What Is Crypto Wealth’. 

    Live Events 

    Dacxi’s resource and support extends beyond the online world, into real life. Customers can enjoy face-to-face time with the rest of the Dacxi community at regular in-person meet-ups. At these events, industry experts are available to answer questions, and customers can chat about cryptocurrencies in a fun and social setting. 

    Dacxi Customer Support

    Dacxi understands that the complexities and ever-changing nature of crypto mean that would-be investors need even more guidance along the way. This is why Dacxi excels in customer support.

    Dacxi has a dedicated customer support team, there to respond to direct inquiries. This team’s response times are some of the fastest in the industry. Dacxi also provides a comprehensive FAQ section to help provide quick answers to common questions. 

    Dacxi Coin Offering

    Rather than offering hundreds of highly speculative coins, Dacxi focuses on the major coins with the highest liquidity. These coins include:

    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Litecoin (LTC)
    • Dacxi Coin (DACXI)
    • Bitcoin Cash (BCH)
    • Chainlink (LINK)
    • Stellar (XLM)
    • Polkadot (DOT)
    • Avalanche (AVAX)
    • Solana (SOL) 
    • Polygon (MATIC) 
    • Tether (USDT)
    • Dacxi Gold Token (DXGT)
    • Dacxi Silver Token (DXST)
    • Dacxi Platinum Token (DXPT) 

    Dacxi only introduces coins that meet Dacxi’s strict investment criteria. Customers can choose to purchase them as individual coins or as part of Dacxi’s Blue Chip Bundle. 

    The buying process is simple, and includes guides to help customers make informed decisions. 

    Account Management

    Dacxi puts people firmly in control of their wealth building process – with easy access to their accounts, and the ability to make deposits, buy and sell crypto through Dacxi’s online dashboard. 

    Like most crypto exchanges, it’s up to the individual user to do their due diligence and manage their own accounts – rather than relying on an investment manager. That said, if questions arise along the way, Dacxi’s support team and active community is there to help. 

    How To Open A Dacxi Account

    No Dacxi account? No worries. Creating an account is fast, easy, and free. For most users, the process takes just a couple of minutes. Dacxi’s high-level security standards are there to give you extra peace of mind – and as soon as your account has been fully verified,  you can go ahead and place your first order.

    Further Reviews: 

    Pros

    1. Cryptocurrency assets on the Dacxi Exchange are insured by Bitgo, the world-leading institutional custody service
    2. Selected top-tier cryptocurrencies – including Bitcoin, Ethereum and Cardano
    3. Dacxi offers the Precious Metals Bundle – which includes tokenised gold, silver and platinum
    4. The platform offers free access to world-class crypto educational content on Dacxi LEARN
    5. Regular educational webinars

    Cons

    1. The exchange isn’t designed for day traders
    2. Dacxi only carries ‘investable’ Blue Chip crypto-assets. Those seeking new, obscure or high-risk tokens might be better suited to another exchange.
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