Frequently Asked Questions
Everything you need to know about KeyEx.io
Cryptocurrency is a digital currency designed entirely on the internet, encrypted for security reasons, not affiliated with any central authority, governments and international large companies. It has no physical equivalent.
Today, the crypto money system is a phenomenon that has been heard by many people, attracted the attention of companies and heads of state, and has become a topic in the international system.
Today, the crypto money system is a phenomenon that has been heard by many people, attracted the attention of companies and heads of state, and has become a topic in the international system.
In order to better understand cryptocurrencies, we need to understand the cryptology system well. Cryptology, in short, is an encryption system. This method is used to securely present data designed in the virtual world. Cryptocurrencies are transferred through the creation and decryption of passwords on the medium.
There is a user-based system. Cryptocurrency types produced with mathematical data using cryptography, the science of encryption, meet with users in the virtual environment. For the production of cryptocurrencies, users need to dig. Even if there is no physical mining, there are operations based on solving mathematical problems. There is a production model that requires mathematical knowledge. Therefore, a computer with high processing power and an internet connection are required for the production of cryptocurrency.
Cryptocurrency mining is not a crime. There is no illegal situation.
There is an intermediary institution (banks) that keeps track of transactions made in traditional methods. This method means the intervention of an authority that can control all capital. This reduces reliability. However, in order for a transaction to take place in a decentralized network, every part of the system must approve. These transactions are made through the blockchain. In this way, every transaction can be seen by everyone.
The appreciation of a cryptocurrency depends on multiple factors. First of all, the supply-demand balance is important. The fact that many users are interested in the same cryptocurrency increases the demand for that cryptocurrency. The demand for cryptocurrencies rises. Demands for a cryptocurrency also vary. If the positive news flows about that crypto money, smart contracts become more widespread, if the project promises reflect positively on the user, the demand for that cryptocurrency will increase.
The word stock market is not just a term used for the cryptocurrency market. They are platforms where parties can trade a certain financial asset. Cryptocurrencies, on the other hand, have been used by millions of people recently, both as a payment and investment tool. Cryptocurrencies can be owned by mining. However, mining and owning crypto money brings with it a difficult process today. Therefore, another and easy method of owning cryptocurrencies is to buy them in exchange for currencies. These platforms, which act as an intermediary between users who buy and sell crypto money thanks to real currencies, are called cryptocurrency exchanges.
Cryptocurrency exchanges are platforms where we can buy or sell real currencies or cryptocurrencies. Therefore, the working logic of cryptocurrency exchanges is the exchange system. In other words, you can convert your real currencies to a cryptocurrency or a cryptocurrency to a different cryptocurrency. At the same time, cryptocurrency exchanges bring together users who trade. A cryptocurrency buyer and seller are matched and trading of the cryptocurrency will be done.
Cryptocurrency exchanges work with the traditional stock market system. But the only difference is that you can make your investments with your own bank and cryptocurrency exchange account, you don't need an intermediary institution.
In the Cryptocurrency market, the movement of a currency from one asset to another is defined by the term "transaction". If you want to transfer your own crypto money from your wallet to another wallet, you will encounter the concepts of transaction input and transaction output. During the transfer, transaction inputs and transaction outputs are stored in encrypted and inaccessible blockchain-backed ledgers. Thanks to this system, users can track their crypto money transfer transactions in a completely transparent way.
The legality of cryptocurrencies varies from country to country. The legal status in some countries remains unclear. In some countries, it is legal and can be traded openly. In some countries, legal restrictions are imposed.
The sum of the values of the amounts within a certain period within the scope of crypto currency trading is known as the cryptocurrency transaction volume. Trading volume in cryptocurrencies can be calculated for 24 hours, daily, weekly, monthly, yearly or longer. A user can create potential for himself by evaluating the volume of any cryptocurrency to invest. From the past to the present, it can be understood how much interest has been shown to that crypto money by other users and it can be compared with other crypto money assets. This is also important for predicting the future value of cryptocurrencies.
Market Cap measures and tracks the value of a cryptocurrency.
The market value of a cryptocurrency is determined by the current price multiplied by the circulating supply.
Market value = Price X circulating supply
Market value = Price X circulating supply
The market cap of a cryptocurrency helps the user to predict the long-term potential value.
Bitcoin is a decentralized cryptocurrency. It is open source software. It is identified by encrypted and anonymous codes.
Bitcoin is the first and highest market value cryptocurrency created by Satoshi Nakamoto on October 31, 2008. Satoshi, whose real identity, age and whether he is alive is unknown, is the person who made the first Bitcoin transfer. Bitcoin will work without being connected to any central system. Due to the transparency and reliability of the database in the distributed system, it cannot be manipulated by anyone.
The fact that the blockchain that Bitcoin works on works on a decentralized network is just one of the elements that make Bitcoin secure. The element that makes it decentralized is the blockchain. The blockchain was created as a core component of Bitcoin. In this way, Bitcoin offers its users a secure, transparent, low-cost transaction and transfer opportunity. It is not subject to any manipulation by any authority.
By using mining devices with certain algorithms, cryptocurrencies are produced and profit is obtained.
No, Bitcoin supply is limited. Only 21 million units will be produced and this process is expected to be completed in 2140.
Mining is important to keep the Bitcoin network operational. Miners try to solve complex and difficult mathematical problems with special equipment. Miners are always in competition when solving these complex mathematical problems. They receive newly minted currencies as rewards for miners who solve problems. This whole process takes place in blockchain technology.
Miners first used their own computers to access Bitcoin. However, due to the increasing competition with the increasing number of miners over time, there was a need for specially produced devices for Bitcoin production. With this hardware, it is tried to find solutions to complex mathematical problems in the blockchain.
Miners first used their own computers to access Bitcoin. However, due to the increasing competition with the increasing number of miners over time, there was a need for specially produced devices for Bitcoin production. With this hardware, it is tried to find solutions to complex mathematical problems in the blockchain.
There are two ways to own Bitcoin: to buy it for real currencies on the platform or to get a reward as a result of block production (mining) by decrypting cryptographic passwords.
Bitcoin halving is an event that is processed every 4 years. After solving some mathematical problems, miners working for Bitcoin production get the cryptocurrency, Bitcoin, as a reward. The halving of this reward is called halving.
Altcoin is used to describe all cryptocurrencies that emerged after Bitcoin. The reason why it is called Altcoin is the abbreviation of its English name (Alternative Coin). Altcoins emerged after Bitcoin to create an alternative to Bitcoin. Since these cryptocurrencies came after Bitcoin, they follow Bitcoin and its technology. Therefore, they depend on and resemble Bitcoin as price movements.
Altcoins emerged as an alternative to Bitcoin. Therefore, altcoins may have different algorithms compared to Bitcoin in transactions such as money transfer and mining.
According to many experts in the crypto money industry, there are claims that about 99% of altcoins will disappear.
Ethereum was founded by Vitalik Buterin in 2013 and was released on July 30, 2015. Ethereum is an open-source, decentralized, decentralized cryptocurrency on the second-generation blockchain, the second most valuable cryptocurrency after Bitcoin, with the largest market cap.
There is a difference between the name XRP and the name Ripple. XRP is controlled by a company called Ripple. XRP was launched by Ripple in 2012. Ripple Company has close relations with banks. So they don't use a blockchain. That's why XRP is a decentralized cryptocurrency unlike Bitcoin. And it does not cause high energy consumption like Bitcoin. There is no XRP mining.
Litecoin was developed in 2011 by Charlie Lee, a former Google employee. Being an open source software project, Litecoin is not managed by any central authority. There are some differences between Litecoin, which has the same working fundamentals as Bitcoin. It has emerged to fix some bugs in the Bitcoin system. Therefore, it has a different algorithm than Bitcoin and can produce blocks faster than Bitcoin.
Cardano is a platform with the ADA crypto system that can be used to send and receive cryptocurrencies. Cardano started to be developed in 2015 and was made available by Charles Hoskinson in 2017.
Blockchain is an ever-growing transaction register that keeps track of all kinds of data in the computer environment and is kept by interconnected blocks. It is a decentralized database that is resistant to cyber attacks.
In the blockchain, transactions are stored in blocks, and each newly created block refers to the previous block with a unique identification number called a "hash". These blocks form a chain, which is called a "blockchain". This chain goes on forever.
It is an application that allows users to store and access their digital assets (cryptocurrencies). But wallets do not store the amount of cryptocurrency, they just hold private keys and the wallet interacts with a Blockchain. As with traditional currencies, a physical, leather-shaped wallet is not needed to store cryptocurrencies.
The first cryptocurrency wallet was introduced by Satoshi Nakamoto, who launched the Bitcoin protocol in 2009. Wallets can hold multiple cryptocurrencies at the same time.
The first cryptocurrency wallet was introduced by Satoshi Nakamoto, who launched the Bitcoin protocol in 2009. Wallets can hold multiple cryptocurrencies at the same time.
Cold wallets are a system that you can physically store without the need for an internet connection. It is more convenient and safe for medium and long-term investors. It is not exposed to cyber attacks as it does not require an internet connection. It is a system that crypto money investors often hear.
Hardware wallets are the most widely used and secure of cold wallets. They are physical wallets that can be easily carried when needed, thanks to encrypted chips, although there is no internet access. In order to access your hardware wallet, you need to enter your pin code in the field on the wallet. If you forget your pin code, you must reset your device.
Another type of cold wallet is paper wallets. They are documents that we transfer to a paper instead of keeping our private key in a digital environment. There is no such thing as theft or attack on the internet, but the document should be kept in a good place. The use of paper wallets has become dangerous due to the flaws they contain, because you need to be able to send all of the crypto money, not just some of it.
The most basic and easiest option to store cryptocurrencies is a hot wallet. Hot wallets refer to cryptocurrency wallets that are connected to the internet. Hot wallets are used to transfer, trade, and exchange crypto assets. Thanks to private keys, transactions are facilitated. Access to a hot wallet can be easily provided anywhere with internet access.
To activate your deactivated account, please apply to support@keyex.io with your copy of your ID.
KeyEx is an exchange app where buying, storing, trading and selling cryptocurrencies is very simple and safe.
You can open an account quickly and simply by entering the application via the KeyEx mobile application or the web (keyex.io) with the "sign up" button at the top right.
Information and documents required when verifying the account: identity information, address information, professional information, double-sided identity card photo and address information document (residence) and your user agreement approval is required.
We do not have a crypto wallet service. However, you can manage your purchases by seeing the balances of the products you own on the wallet page that shows the products you have purchased and stored.
In order to deposit money into your account, first of all, after completing the information entries on the screen with the "Deposit" button in the wallet section, your deposit is completed.
In order to withdraw money from your account, you must first select "Withdraw" from the wallet section. After completing the information entries on the screen, your withdrawal is completed.
You can access KeyEx Platform from all browsers, Google Play Store, AppGallery and App Store.
There are many coins and token products on the platform, especially Bitcoin, Ethereum, XRP, BTC, LTC, DOGE, ADA.
You can activate your 2FA from the User Center section. Then, after installing the Google Authenticator application on your phone, you need to enter the code that appears in the KeyEx application into Google Authenticator. Then press the verify button.
Google Authenticator is a two-key security shielding application. After performing the operations mentioned in question above, enter the Google Authenticator application for the 2FA code asked when logging into your account in KeyEx. Copy the timed password that will appear on the screen in the application and paste it into the 2FA digit in the KeyEx application. Congratulations! Your trades are now safer and more secure.
You can change your password via email or SMS confirmation by pressing the 'Forgot Password' button on the main screen while logging in via web and mobile.
The order types available on the KeyEx platform are divided into three. These are: Market, Limit and Stop orders.
Market order: These are orders created by entering only the quantity without specifying the price. Until the amount specified in the order is met, they are converted into transactions by matching the orders in the opposite direction.
Limit and Stop orders; is the sending of your orders to the system by specifying the order, price and quantity.
Your order will be executed when there is the price level determined in limit orders or any other order price in the opposite direction where you will be more advantageous.
In stop orders, the price determined acts as the trigger price of the order and aims to minimize your risk of loss. When the price of the best of the orders in the opposite direction at the market depth reaches the trigger price, the system turns this order into action by making it work like a market order.
Market order: These are orders created by entering only the quantity without specifying the price. Until the amount specified in the order is met, they are converted into transactions by matching the orders in the opposite direction.
Limit and Stop orders; is the sending of your orders to the system by specifying the order, price and quantity.
Your order will be executed when there is the price level determined in limit orders or any other order price in the opposite direction where you will be more advantageous.
In stop orders, the price determined acts as the trigger price of the order and aims to minimize your risk of loss. When the price of the best of the orders in the opposite direction at the market depth reaches the trigger price, the system turns this order into action by making it work like a market order.
Fund password is the password used to provide extra security during the withdrawal phase of the accounts. It must be set as a different password than the account password. To set a fund password, you need to log in to your account. While determining the password, phone verification is also done. You can set your fund password by using the password sent to you via SMS.
In cases where you cannot access your account, you can reach our 24/7 active support team via e-mail from the support section or the contact section.
You can see the product graphics by clicking on the product you want to see in our KeyEx mobile and web applications, and then clicking on the graphic sign in the upper right corner.
We do not yet have leverage options on the KeyEx platform.
You can reach our customer support line by filling out the contact form on our website or by connecting to our 24/7 active live support from the support section within the application.
KeyEx.io platform is available for all countries.
It is recommended to use accounts from frequently used e-mail service providers when creating your account, and to create a strong password that may be difficult for other users to access, according to the directories and alerts that the system will accept.
There is no option to create a joint account. Each user can create one account for one.
There is no demo account option on the KeyEx.io Platform.