Some actions on the exchange may require you to first verify your account.
– Users who only trade between crypto and metal tokens will not be required to verify their identity. EG. User deposits Bitcoin and trades it into MxPd palladium tokens.
– Users who want to deposit or trade using Australian dollar will first need to verify their account. Please note AUD support is not yet activated, however is targeted for launch in 2020.
Please note that Metex Exchange is a fully compliant trading platform and enforces KYC (know your customer) and AML (Anti money laundering) policies.
Our full policy can be seen here.
Metex Exchange only lists blockchain native metal backed tokens that are full reserve. This means that each listed metal token is 100% backed by physical metal at all times.
Please check with each token issuer as to their specific processes related to; minting, burning, auditing, physical redemption etc etc
AUS Gold Standard – Managed by Ainslie Wealth
AGS Silver Standard – Managed by Ainslie Wealth
MxPt Platinum – Managed by Metex Corp
MxPd Palladium – Managed by Metex Corp
The Metex Exchange currently supports deposit, trade and withdrawal of Australian Dollars, Bitcoin, Ethereum, AUS Gold, AGS Silver, and USD Tether digital currencies and tokens. We have also added AUD trading pairs to the exchange.
Metex has integrated Banxa to make it easy to bring USDT, BTC or ETH into your wallet and supports the following currencies: USD, CAD, EUR, GBP, HKD, JPY, NZD, AED, ARS, AUD, BRL, CHF, CZK, DKK, NOK, PLN, RUB, SEK, SGD, TRY, IDR, INR, KRW, MXN, PHP, QAR, SAR, THB, VND, ZAR, MYR, and TWD
Please note that Ethereum deposits must first be traded into USDT in order to trade against metal token pairs.
The Metex Exchange currently lists 4 different metal backed tokens. These blockchain native tokens can be traded against Australian Dollars and crypto such as Bitcoin and USDT.
AUS = 1g Gold Token: Gold Standard managed by Ainslie Wealth
AGS = 1g Silver Token: Silver Standard managed by Ainslie Wealth
MxPt = 1g Platinum Token: Managed by Metex Corp
MxPd = 1g Palladium Token: Managed Metex Corp
Each of these tokens are listed against AUD, Bitcoin and USDT (Tether) trading pairs.
Metex Exchange is an online trading platform for buyers and sellers to exchange blockchain assets, specifically metal backed tokens. Tokenized metals such as Gold, Silver, Platinum and Palladium can be traded on this crypto friendly exchange. KYC account verification is only required for users who wish to trade tokens against $AUD (fiat). Sign Up / Log In
When trading on the Metex Exchange, you are trading with other online users. The details of your proposed trade, price and quantity, are manually input so you have full control. The price is influenced by the demand and supply from buyers and sellers on this exchange. The current price shown is the last price a buyer and a seller have agreed to exchange the crypto tokens. Metex does NOT derive metals prices from London Metals Exchange “LME” or London Bullion Market Association “LBMA”.
Below is a summary of the withdrawal fees as of 03 October 2021. These will be regularly reviewed and may change in the future due to network congestion and increased transaction costs.
AUS (Gold Standard) = 0.2 AUS withdrawal fee
AGS (Silver Standard) = 15 AGS withdrawal fee
USDT (Tether) = 10 USDT withdrawal fee
ETH (Ethereum) = 0.005 ETH withdrawal fee
BTC (Bitcoin) = 0.00016 BTC withdrawal fee
MXPT (Metex Platinum) – Withdrawals are disabled with trade only available on the Metex Exchange.
MXPD (Metex Palladium) – Withdrawals are disabled with trade only available on the Metex Exchange.
As of July 1st 2020 Metex Exchange users who execute a successful trade will be charged the following fees.
Seller 1% Fee
Buyer 1% Fee
The above fees will be automatically deducted from the total assets received from the successful trade.
EG. If a user sells AUS gold in exchange for USDT, then the sellers fee will come out of the USDT amount received in the transaction.
There are no fees for submitting or cancelling a trade. Only successfully executed trades incur a trading fee.