GroveX Crypto Exchange: A Comprehensive Guide in 2025
🏦 What Is GroveX?
- GroveX is a centralized cryptocurrency exchange founded in 2022 and registered in Australia (ABN/ACN 13 667 226 459) (coingecko.com).
- It offers both web and mobile platforms, supports users in 170+ countries, and provides 24/7 customer service (x.com).
- Available assets include over 300 coins and 348 trading pairs, including both spot and perpetual futures (coingecko.com).
💱 Trading Features & Fees
- Low trading fees: Around 0.1% per trade (maker/taker)—some sources mention industry-leading just 0.001%, though that may be promotional (coinmarketcap.com).
- High-speed execution with deep liquidity, especially for major pairs like BTC/USDT and ETH/USDT (coinmarketcap.com).
- Supports fiat deposits/withdrawals, but these require KYC; crypto-to-crypto transfers up to US $10 K can be done without KYC (coinmarketcap.com).
🛡️ Security & Regulation
- Emphasizes “state-of-the-art” security, though there’s no public evidence of external audits or regulatory licensing (grovecoin.io).
- Currently, GroveX appears unregulated—no official registration with financial authorities aside from its Australian company status (fxverify.com).
- No Trustpilot reviews or user feedback are publicly available, as it holds a 0.0 rating due to lack of reviews (fxverify.com).
📊 Volume & Trustworthiness
- Holds significant 24‑hour trading volume: between $524 M and $1.35 B depending on the source (coinmarketcap.com).
- CoinGecko Trust Score: 5/10, suggesting moderate credibility – rated primarily by on-chain data, volume, and liquidity (coingecko.com).
- Scamadviser warns that “grovex-login.org” has a very low trust score, likely a phishing or scam domain—be sure you’re using the official site (grovex.io) (scamadviser.com).
📱 App Experience
- The GroveXC mobile app (by GroveX Pty Ltd) on Google Play has a 4.5★ rating from ~193 reviews and over 5,000 installs (play.google.com).
- Users commend its clean interface, speed, and usability—though some report login issues and desire non-app access .
✅ Pros & Cons
| ✔️ Pros | ❌ Cons / Risks |
|---|---|
| Low fees (~0.1%) and high-speed transactions | No public regulatory oversight or financial audits |
| Large selection of coins and trading pairs (300+ coins, 348+ pairs) | Minimal user reviews and public reputation score |
| KYC-free crypto-to-crypto trading up to $10K | Potential phishing risk from lookalike domains |
| 24/7 global customer support on web + app | Claims about 0.001% fees seem promotional |
🔍 Recommendations Before Use
- Verify domain authenticity: always use grovex.io (not grovex-login.org).
- Start small: test deposits/withdrawals with low amounts first.
- Check security setup: enable 2FA, secure email, and avoid reused passwords.
- Monitor updates: follow official channels (X, Telegram, LinkedIn) for announcements (northeast.newschannelnebraska.com, coingecko.com, coinmarketcap.com, x.com, scamadviser.com).
- Stay cautious: since it’s relatively new and lightly regulated, consider complementing with more established exchanges for larger portfolio needs.
📌 Final Summary
GroveX is a feature-rich, low-fee Australian exchange aimed at both beginners and pro traders. With its no-KYC crypto-to-crypto US$10K option, broad asset support, and positive app feedback, it’s quite promising. But the lack of regulation, absence of audits, and few public reviews mean it remains somewhat high-risk. Proceed carefully, prioritize basic security, and treat it like a lesser-known exchange until it proves its reliability.