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Category: Exchange Reviews

Review of Cryptocurrency exchanges. Learn which crypto-exchange is safe to use and have high liquidity.

  • Bybit Exchange Review – Top Exchange Platform of 2025?

    Bybit Exchange Review – Top Exchange Platform of 2025?

    Bybit has established itself as the world’s second-largest cryptocurrency exchange by trading volume, serving over 60 million users globally. Founded in 2018, the platform specializes in crypto derivatives trading, offering Bitcoin perpetual futures, options, and leveraged trading. Traders can long or short digital assets, enabling them to profit from both rising and falling market conditions.

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    In this article, we’ll explore Bybit’s key features, derivatives trading mechanics, and security protocols to determine whether it remains a top choice for traders in 2025.

    Key Features

    Bybit has evolved into one of the largest cryptocurrency exchanges, offering a user-centric trading experience with cutting-edge features designed for both beginners and professional traders. Here are some of Bybit’s key features:

    1. Leveraged Trading

    Bybit continues to provide high-leverage trading options, allowing users to amplify their positions with up to 100x leverage on select derivatives contracts.

    2. Perpetual Futures Contracts

    The exchange specializes in perpetual futures contracts, which allow traders to speculate on cryptocurrency prices without an expiration date. Bybit offers deep liquidity, ensuring seamless order execution even during volatile market conditions.

    3. Advanced Trading Tools

    Bybit has introduced AI-powered trading analytics, automated trading bots, and customizable risk management features to enhance user experience. These tools help traders make informed decisions and optimize their strategies.

    4. Proof of Reserves & Security

    Security remains a top priority for Bybit. The platform now provides real-time proof of reserves, ensuring transparency and user fund protection. Additionally, Bybit employs multi-layer security protocols, including cold storage for assets, multi-factor authentication, and anti-phishing measures.

    5. Web3 & DeFi Integration

    Bybit has expanded its ecosystem to support Web3 applications, allowing users to access decentralized finance (DeFi) services, stake assets, and participate in on-chain governance directly from the exchange.

    6. Global Accessibility & Compliance

    Bybit has strengthened its regulatory compliance, securing licenses in multiple jurisdictions to ensure global accessibility while adhering to strict financial regulations.

    History of Bybit

    Bybit was founded in 2018 by Ben Zhou, an entrepreneur from Singapore, with the goal of creating a user-friendly cryptocurrency derivatives exchange. Initially headquartered in Singapore, Bybit quickly gained traction among traders due to its high-leverage trading options and advanced trading tools.

    Major Milestones

    • 2022 – Bybit relocated its headquarters to Dubai, United Arab Emirates, to align with the region’s growing crypto-friendly regulations.
    • 2023 – The exchange faced legal challenges when the FTX bankruptcy estate sued Bybit for nearly $1 billion, alleging preferential withdrawals during FTX’s collapse. Bybit settled the case in October 2024, paying $228 million.
    • 2025 – In February 2025, Bybit suffered the largest cryptocurrency exchange hack in history, losing $1.5 billion in Ethereum due to vulnerabilities in its multi-signature wallet system. The exchange replenished its reserves within 72 hours with emergency funding from Galaxy Digital, FalconX, and Wintermute2.

    Despite challenges, Bybit remains the second-largest cryptocurrency exchange globally, continuing to expand its Web3 ecosystem, enhance security measures, and refine its derivatives trading offerings

    What is Derivatives Trading?

    Crypto derivatives trading lets investors speculate on future prices of digital assets like Bitcoin and Ethereum—without owning them. Bybit offers perpetual contracts, futures, and options, allowing users to potentially profit from price movements in either direction.

    Why Trade Derivatives on Bybit?

    • Leverage Up to 100x
    • Hedging Strategies – Reduce losses from price volatility
    • Advanced Order Execution – Secure trades with price protection features

    Bybit’s Popularity in 2025

    Bybit has solidified its position as the world’s second-largest cryptocurrency exchange by trading volume, serving over 70 million registered users globally. The platform continues to attract traders due to its high liquidity, advanced trading tools, and strong security measures.

    Types of Derivatives Products on ByBit

    Bybit continues to be a leading crypto derivatives exchange, offering a diverse range of trading products designed for both retail and institutional traders. Here is a list of what derivatives products are available on Bybit in 2025:

    1. Perpetual Futures Contracts

    Bybit specializes in USDT-margined and inverse perpetual contracts, allowing traders to speculate on price movements without an expiration date. These contracts provide deep liquidity and up to 100x leverage, making them a preferred choice for active traders.

    2. Standard Futures Contracts

    Bybit offers quarterly and bi-quarterly futures contracts, which settle at a predetermined date. These contracts are ideal for traders looking for structured risk management and long-term market exposure.

    3. Options Trading

    Bybit has expanded its crypto options market, providing European-style options that allow traders to hedge risks or speculate on volatility. The platform supports BTC, ETH, and other major assets, with customizable strike prices and expiration dates.

    4. Inverse Perpetual Contracts

    Bybit recently introduced 15 new inverse perpetual contracts, enabling traders to use crypto as collateral instead of stablecoins. This feature is particularly useful for long-term holders who want to trade without converting assets.

    5. Copy Trading & AI-Powered Strategies

    Bybit now integrates AI-driven trading bots and copy trading features, allowing users to follow expert traders and automate strategies. This makes derivatives trading more accessible to beginners while enhancing efficiency for professionals.

    Bybit supported countries in 2025

    Bybit provides cryptocurrency trading services in over 160 countries, allowing users to buy, sell, and trade digital assets. However, due to regulatory restrictions, certain regions are excluded from accessing the platform.

    Bybit Supported Countries

    Bybit is available in major regions across Asia, Europe, Africa, and the Americas. Some of the key supported countries include:

    • Asia-Pacific: Japan, India, South Korea, Malaysia, Indonesia, Philippines, Thailand, Vietnam
    • Europe: Germany, France, Spain, Italy, Netherlands, Switzerland, Poland, Portugal
    • Middle East & Africa: United Arab Emirates, Saudi Arabia, South Africa, Egypt, Kenya
    • Americas: Brazil, Argentina, Mexico, Chile, Peru, Canada (limited services)

    Bybit Restricted or Banned Countries

    Bybit does not operate in the following locations:

    • United States, United Kingdom, Canada, France – Regulatory frameworks prevent Bybit from offering services.
    • China, Hong Kong, Singapore, Uzbekistan – Government-imposed restrictions limit crypto trading access.
    • Sanctioned Countries – North Korea, Cuba, Iran, Sudan, Syria, and Russian-controlled regions in Ukraine (Crimea, Donetsk, Luhansk, Sevastopol) are restricted due to international sanctions.

    Bybit Supported Cryptocurrencies

    Bybit offers a wide range of cryptocurrencies for trading, including major assets, stablecoins, and newly listed tokens. Here are the cryptocurrencies supported by Bybit:

    Major Cryptocurrencies

    Bybit supports trading for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), and Polygon (MATIC), among other leading digital assets.

    Stablecoins

    Users can trade with USDT, USDC, DAI, and other fiat-backed stablecoins, ensuring price stability and seamless transactions.

    New Listings & Emerging Tokens

    Bybit frequently adds new cryptocurrencies through its Launchpad and Launchpool programs, allowing users to invest in early-stage blockchain projects. Recent additions include AI-powered tokens and real-world asset-backed cryptocurrencies.

    Derivatives & Perpetual Contracts

    Bybit offers crypto derivatives trading, including USDT-margined and inverse perpetual contracts for major assets like BTC, ETH, and SOL.

    Bybit Payment Methods

    Bybit offers multiple payment options for users to deposit funds and purchase cryptocurrencies securely. The exchange supports bank cards, digital wallets, and crypto payments, ensuring flexibility for traders worldwide as follows:

    1. Bank Card Payments

    Bybit allows users to buy crypto using Visa, Mastercard, JCB, Google Pay, and Apple Pay. Users can link up to 5 bank cards to their account, provided they meet identity verification requirements.

    2. Supported Fiat Currencies

    Users can purchase cryptocurrencies using major fiat currencies, including USD, EUR, GBP, JPY, and AUD. The availability of fiat options depends on the selected payment method and region.

    3. Bybit Pay

    Bybit Pay is a global crypto payment solution, enabling users to make transactions using 15 major cryptocurrencies, including BTC, ETH, USDT, USDC, XRP, BNB, and TON3. The platform supports instant transfers via email, phone number, or Bybit User ID.

    4. Transaction Fees

    Bybit applies variable transaction fees based on the payment method:

    • Visa/Mastercard (EU) – 1.1% per transaction
    • Visa (Non-EU) – 3.05% per transaction
    • Mastercard (Non-EU) – 2.7% per transaction
    • Google Pay & Apple Pay – 1.8% + €0.24 fixed cost

    Bybit Deposit and Withdrawal Fees

    Bybit offers zero deposit fees for cryptocurrency transactions, allowing users to fund their accounts without additional costs. However, withdrawal fees vary based on the network conditions and asset type.

    Deposit Fees

    • Crypto Deposits – No fees for depositing cryptocurrencies into Bybit.
    • Fiat Deposits – Fees may apply depending on the payment provider used for fiat transactions.

    Withdrawal Fees

    Bybit charges fixed withdrawal fees based on the selected cryptocurrency and blockchain network. Some examples include:

    • Bitcoin (BTC) – 0.0005 BTC
    • Ethereum (ETH) – 0.00015 ETH
    • USDT (Tether, BEP20) – 10 USDT
    • Solana (SOL) – 0.00802 SOL
    • XRP (Ripple) – 0.844 XRP

    Bybit processes withdrawals 3 times daily to ensure efficient fund transfers. Users should check the withdrawal page for real-time fee updates, as network congestion may impact costs.

    Bybit Trading Fees

    Bybit follows a tiered fee structure, offering competitive rates for spot trading, perpetual contracts, and options trading. Fees vary based on VIP levels, which are determined by asset balance or 30-day trading volume.

    Spot Trading Fees

    • VIP 0 (Standard Users): 0.10% maker & taker fee
    • VIP 1: 0.08% maker & 0.0675% taker fee
    • VIP 3: 0.075% maker & 0.0625% taker fee
    • Supreme VIP: 0.045% maker & 0.03% taker fee

    Perpetual & Futures Contracts Fees

    • VIP 0: 0.055% taker & 0.02% maker fee
    • VIP 3: 0.035% taker & 0.014% maker fee
    • Pro 5: 0.021% taker & 0.000% maker fee

    Options Trading Fees

    • VIP 0: 0.03% taker & 0.02% maker fee
    • VIP 3: 0.02% taker & 0.015% maker fee
    • Pro 6: 0.015% taker & 0.000% maker fee

    Bybit updates VIP levels daily. Users can check their personal fee rates in the My Fee Rate section after completing identity verification.

    Bybit KYC Verification

    Bybit requires users to complete Know Your Customer (KYC) verification to access most features on the exchange. This process ensures compliance with global anti-money laundering (AML) regulations and enhances security for all users.

    KYC Levels & Withdrawal Limits

    Bybit offers multiple KYC levels, each with different benefits and withdrawal limits:

    • No Verification – Daily withdrawal limit: ≤ 20K USDT, monthly limit: ≤ 100K USDT
    • Standard Verification – Daily withdrawal limit: ≤ 1M USDT
    • Advanced/Pro Verification – Daily withdrawal limit: ≤ 2M USDT
    • VIP Levels – Higher withdrawal limits, up to 30M USDT for PRO 6 users

    How to Complete KYC Verification on Bybit

    Users must submit government-issued identification and complete facial recognition to verify their identity. Advanced verification requires proof of address, such as a utility bill or bank statement.

    Bybit Offers and Coupons

    Bybit provides a variety of promotions, bonuses, and fee discounts for both new and existing users through its Rewards Hub. Here is a list of what Bybit offers and coupons are available in June 2025:

    1. Welcome Bonuses

    New users can claim sign-up rewards by completing tasks such as making their first deposit or executing trades. Bonuses include:

    • Deposit Bonus – Earn up to US$50 for funding your account.
    • Referral Bonus – Invite friends and receive extra trading credits.

    2. Trading Fee Discounts

    Bybit offers fee savers that reduce trading costs on spot, perpetual, and futures contracts. These discounts apply automatically when trading.

    3. Special Promotions & Airdrops

    Users can participate in weekly trading competitions and airdrops, earning exclusive rewards based on trading volume and engagement.

    4. Bybit Pay Coupons

    Coupons are available for Bybit Pay transactions, allowing users to offset fees when making purchases through Bybit’s payment system.

    Bybit Testnet

    You can also test transactions on the Bybit Testnet. This allows users who are unfamiliar with features to trade without using real Bitcoin.

    Bybit Controversies

    Bybit has faced scrutiny over its leveraged trading risks, with some users reporting significant losses due to market volatility. The exchange emphasizes that high-leverage trading is intended for experienced traders, and users must understand the risks before engaging in derivatives trading. Here are some of Bybit’s recent controveries:

    • Leveraged Trading Risks – Bybit has been criticized for enabling high-leverage trades, which can lead to rapid liquidations in volatile markets. The platform advises users to employ risk management tools such as stop-loss orders.
    • Listing Fee Allegations – Claims surfaced that Bybit charges US$1.4 million in listing fees for new tokens. The exchange denied these allegations, clarifying that projects must provide a promotion budget and security deposit ranging from $200,000 to $300,0002.
    • Campus Ambassador Program – Bybit was accused of targeting students with trial trading contracts. The CEO dismissed these claims, stating that no schools officially allow students to trade contracts.

    Frequently Asked Questions (FAQs)

    Does Bybit Allow US traders?

    The exchange does not allow US Citizens to trade on its platform for regulatory reasons. This rule is enforced by I.P. verification, where traders with a US I.P. address will not be able to trade. It is possible to trade on the exchange without KYC (passport verification) verification.

    Does Bybit require KYC?

    Currently, Bybit does not require a passport or ID verification to trade on the exchange. There are currently no withdrawal limits. However, not completing the KYC procedures when using a cryptocurrency exchange carries risks. This is because if the exchange is hacked or it collapses, there would be no way of identifying and proving what funds you had there, which would make recovery extremely difficult, if not impossible.

  • Bitget Exchange Review 2025

    Bitget Exchange Review 2025

    Bitget has emerged as a significant player in the cryptocurrency exchange landscape. Founded in 2018, this Singapore-based exchange has rapidly grown to become a top-tier platform, particularly known for its strong security measures and innovative trading features. As we move through 2025, Bitget continues to strengthen its position with impressive reserve ratios, enhanced protection mechanisms, and user-friendly trading tools. This comprehensive review examines Bitget’s current features, security protocols, fee structure, and overall user experience to help you determine if it’s the right platform for your cryptocurrency trading needs. Here is our Bitget cryptocurrency exchange review.

    Key takeaways

    • Bitget maintains an impressive 186% reserve ratio as of February 2025, significantly exceeding the industry standard
    • The exchange protects users with a $570 million Protection Fund, providing an additional security layer
    • Bitget offers over 500 trading pairs with competitive fees and innovative features like copy trading
    • The platform recently upgraded its spot trading system in May 2025 to enhance performance and reliability
    • Bitget ranks #8 on Forbes’ trusted exchanges list and continues to expand its global presence

    User Experience and Interface

    Platform Accessibility

    Bitget offers multiple ways to access its trading platform:

    • Web Platform: Intuitive browser-based interface with clean design
    • Mobile App: Full-featured applications for iOS and Android with high ratings
    • API Access: Comprehensive API options for algorithmic traders and developers

    The exchange has maintained a consistent focus on user experience, with regular updates to improve platform performance and accessibility. The May 2025 spot trading upgrade specifically targeted system performance, reliability, and overall user experience.

    Account Setup and Verification

    Creating an account on Bitget follows a straightforward process:

    1. Visit the Bitget website or download the mobile app

    2. Register with an email address or mobile number and create a secure password

    3. Complete the verification process, which includes:

    • Basic verification (email and phone)
    • Advanced verification (KYC with ID and facial recognition)
    • Optional corporate verification for institutional users

    Bitget’s verification process is efficient, with most users able to complete basic verification within minutes and advanced verification within 24 hours.

    Navigation and Trading Interface

    Bitget offers a well-designed trading interface:

    • Spot Trading: Clean layout with essential tools and information
    • Derivatives Trading: Professional-grade interface with advanced charting
    • Copy Trading: Intuitive system for following successful traders
    • Mobile Interface: Optimized for on-the-go trading without sacrificing functionality

    The platform’s navigation is intuitive, with clearly labeled sections for different trading activities and account management. The 2025 interface updates have improved load times and added new features while maintaining the platform’s user-friendly design.

    Trading Options and Features

    Available Cryptocurrencies

    As of 2025, Bitget supports:

    • Over 500 trading pairs
    • All major cryptocurrencies and a solid selection of altcoins
    • Regular additions of new tokens after security reviews
    • Strong liquidity across popular trading pairs

    While not offering as many cryptocurrencies as some competitors like Binance or Gate.io, Bitget’s selection covers most traders’ needs with a focus on quality and liquidity.

    Trading Types

    Bitget offers a comprehensive range of trading options:

    • Spot Trading: Direct buying and selling of cryptocurrencies
    • Futures Trading: Perpetual contracts with leverage up to 125x
    • Copy Trading: Follow successful traders automatically
    • Grid Trading: Automated strategy for volatile markets
    • Launchpad: Access to new token offerings

    The platform is particularly known for its copy trading feature, which has attracted a large user base of both experienced traders and newcomers looking to follow proven strategies.

    Additional Features

    Beyond basic trading, Bitget offers:

    • Bitget Earn: Various products for passive income, including staking and savings
    • Bitget Wallet: Self-custody wallet solution with enhanced features
    • Bitget Academy: Comprehensive educational resources
    • Bitget Card: Cryptocurrency debit card for everyday spending
    • Institutional Services: Tailored solutions for corporate clients

    These additional services have expanded Bitget’s ecosystem, making it more competitive with platforms offering comprehensive financial services beyond simple trading.

    Liquidity and Trading Volume

    Market Depth

    Bitget maintains strong liquidity across its markets:

    • Ranks in the top 10 exchanges globally by trading volume
    • Deep order books for major trading pairs
    • Strong liquidity for both spot and futures markets
    • Copy trading feature contributes to increased liquidity
    • The exchange’s liquidity has grown significantly in 2025, making it increasingly competitive with larger, more established platforms.

    Trading Volume Distribution

    Bitget’s trading volume is distributed across various markets:

    • Derivatives account for approximately 60% of trading volume
    • Spot markets make up the remaining 40%
    • Major pairs (BTC/USDT, ETH/USDT) show the highest activity
    • Copy trading generates significant volume across various pairs

    Fees and Costs

    Trading Fees

    Bitget employs a maker-taker fee model with competitive rates:

    • Spot Trading: Starting at 0.1% for makers and takers
    • Futures Trading: Starting at 0.02% for makers and 0.06% for takers
    • VIP Program: Progressive fee discounts based on trading volume, and asset and Bitget Token ($BGB) balance
    • BGB Discount: Users paying with Bitget Token ($BGB) receive 20% off trading fees.
    • Special Promotions: Regular fee discounts for new users and during trading competitions

    Deposit and Withdrawal Fees

    • Cryptocurrency Deposits: Free for all cryptocurrencies
    • Fiat Deposits: Vary by method and region
    • Cryptocurrency Withdrawals: Competitive fees based on the specific cryptocurrency
    • Withdrawal Limits: Vary based on verification level

    Security Measures

    Asset Protection

    Bitget implements comprehensive security measures:

    • Reserve Ratio: Impressive 186% reserve ratio as of February 2025
    • Protection Fund: $570 million fund to safeguard user assets
    • Cold Storage: Majority of funds stored in offline, cold wallets
    • Multi-signature Technology: Requiring multiple approvals for withdrawals
    • Real-time Monitoring: Advanced systems for detecting suspicious activities

    The exchange’s 186% reserve ratio significantly exceeds the industry standard commitment of 100%, effectively guaranteeing that users’ assets are safe even if all user assets are withdrawn simultaneously.

    Account Security

    For individual account protection, Bitget offers:

    • Two-Factor Authentication (2FA): Via authenticator apps or SMS
    • Anti-Phishing Code: Personalized code in emails to prevent phishing
    • Withdrawal Address Management: Whitelisting withdrawal addresses
    • Device Management: Monitoring and restricting access by device
    • Biometric Authentication: On mobile devices

    Regulatory Compliance

    Global Regulatory Status

    • European Union: Expanding presence with regulatory compliance
    • Asia-Pacific: Various regional registrations and partnerships
    • Global Approach: Proactive engagement with regulators worldwide
    • Forbes Recognition: Ranked #8 on Forbes’ trusted exchanges list

    KYC and AML Compliance

    Bitget has been strengthening its compliance procedures:

    • Mandatory KYC for higher withdrawal limits
    • Enhanced AML monitoring systems
    • Collaboration with blockchain analytics firms
    • Regular compliance audits
    • Transparent reporting of regulatory actions

    Customer Support

    Support Channels

    Bitget offers multiple support options:

    • Live Chat: Available 24/7
    • Ticket System: For more complex issues
    • Email Support: For detailed inquiries
    • Help Center: Comprehensive self-help resources
    • Social Media Support: Active monitoring of queries on official channels

    Pros and Cons of Bitget exchange

    Pros

    • Exceptional Reserve Ratio: 186% reserve ratio demonstrates strong financial stability
    • Substantial Protection Fund: $570 million fund provides additional security
    • Innovative Copy Trading: User-friendly system for following successful traders
    • Competitive Fees: Particularly attractive after the May 2025 upgrade
    • Strong Mobile Experience: Well-designed app with high ratings

    Cons

    • Fewer Cryptocurrencies: Not as extensive as some competitors
    • Geographic Restrictions: Not available in all regions
    • Limited Fiat Options: Fewer fiat on/off-ramps than some competitors
    • Newer Exchange: Less established history than some competitors
    • Advanced Features: May overwhelm absolute beginners

    Conclusion: Is Bitget the Right Exchange for You in 2025?

    Bitget has established itself as a rising star in the cryptocurrency exchange landscape, particularly excelling in security, copy trading, and user experience. Its combination of impressive reserve ratio, substantial protection fund, and innovative trading features makes it an excellent choice for both beginners and experienced traders.

    For security-conscious users, those interested in copy trading, or traders seeking a balance of features and usability, Bitget represents a compelling option. The platform’s 186% reserve ratio and $570 million protection fund demonstrate an exceptional commitment to safeguarding user assets that exceeds industry standards.

    The May 2025 spot trading upgrade further enhances Bitget’s appeal, with improved system performance, reliability, and competitive fee structures. For traders who value these aspects, Bitget offers an increasingly attractive alternative to more established exchanges.

    However, users seeking the widest possible selection of cryptocurrencies or those requiring extensive fiat on/off-ramps may need to consider alternatives. Additionally, those in regions with regulatory restrictions may face limitations in accessing all of Bitget’s features.

    Ultimately, Bitget’s suitability depends on individual trading preferences, security priorities, and geographic location. For many traders in 2025, particularly those valuing security and innovative trading features, Bitget offers one of the most promising packages in the cryptocurrency exchange market.

    

    
			
    
		
    
		
	
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    Binance Exchange Review (2025): Is it the best exchange?
    
			
    Binance Exchange Review (2025): Is it the best exchange?
    
			
    

    Binance is a very popular cryptocurrency exchange. It has the largest trading volume and many different cryptocurrencies to trade. Binance also has powerful tools for trading, like leveraged trading and options trading. They also have a lending platform. Binance is always adding new features and this surprises many experts. The CEO of Binance is Zhao “CZ” Changpeng and he is very quick to respond to events. Binance has many different versions, including one for the US called Binance US. This review talks about all the different features of Binance and any problems they have had.
    




    Sign up for Binance HERE!
    




    Key Advantages of Binance
    




      

    • World’s most popular exchange with the highest trade volume. 
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    • Offers the largest range of products and services with some not even found elsewhere.
      • 




    • Maintains insurance against theft and hacks. 
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    Key Features and Functions
    




    Binance (Binance.com)
    




    Binance.com is the main exchange. It has all the services that Binance offers. Some of the key features are:
    




      

    • It supports over 400 different cryptocurrencies including Bitcoin, Ethereum, and niche altcoins.
      • 




    • It has the highest trading volume in the world.
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    • Binance Launchpad continues to be a platform for new cryptocurrency listings.
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    • Advanced Trading Tools: Offers spot trading, futures, margin trading, and options.
      • 




    • DeFi Integration: Users can access decentralized finance (DeFi) services via Binance Smart Chain (BSC).
      • 




    • Lending & Staking Services: Users can earn interest on their holdings through lending and staking programs.
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    • Enhanced Security Measures: Includes two-factor authentication (2FA), cold storage, and anti-phishing protections.
      • 

    




    Binance US (Binance.us)
    




    Binance US (Binance.us) was Binance’s answer to US regulations barring citizens from trading on Binance. Key features include:
    




      

    • Fully compliant with U.S. regulations, ensuring adherence to evolving legal frameworks.
      • 




    • Has fiat to cryptocurrency trading pairs. Users can use USD to buy cryptocurrencies directly on the Exchange. 
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    • Bank account linking is available.
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    • Limited cryptocurrency offerings compared to Binance.com, but still supports major assets.
      • 

    




    History of Binance 
    




    Binance was founded by Changpeng (CZ) Zhao in 2017. The name comes from a combination of the words “Binary” and “Finance”. Binance is originally from China. However, due to the harsh crypto regulation procedures in the country, the Exchange moved to more conducive jurisdictions outside China, eventually settling in Malta. The exchange gained rapid popularity, becoming the largest cryptocurrency exchange by trading volume within a year.
    




    Currently, Binance is based in multiple jurisdictions. Their main site offers support in English, Chinese, Korean, Japanese, Russian, Spanish, and French. Here are some of Binance’s major milestones.
    




    Major Milestones
    




    2019: Binance launched Binance USD (BUSD), a stablecoin backed by USD, in partnership with Paxos. It also migrated Binance Coin (BNB) from Ethereum to its own Binance Chain.
    




    2021: Binance introduced BNB Auto-Burn, a mechanism to reduce the total supply of Binance Coin.
    




    2022: Binance faced regulatory scrutiny in multiple countries, including the U.S., UK, and France, leading to increased compliance measures.
    




    2023: Binance expanded its Web3 ecosystem, integrating decentralized finance (DeFi) services and launching Binance Pay, a crypto payment solution.
    




    2024: Binance surpassed 250 million users, solidifying its dominance in the crypto industry.
    




    2025: Binance continues to operate globally, with 21 regulatory approvals across different jurisdictions. Despite past controversies, it remains the largest crypto exchange, managing over $100 billion in assets.
    




    Supported Countries
    




    The international site Binance (Binance.com) is supported in most countries such as:
    




    Asia & Pacific: Australia, India, Indonesia, Japan, Kazakhstan, Mongolia, New Zealand, Pakistan, Philippines, Taiwan, Vietnam.
    




    Europe: France, Germany, Greece, Italy, Poland, Portugal, Romania, Russia, Spain, Switzerland, Turkey, Ukraine.
    




    Middle East & Africa: Egypt, Israel, Saudi Arabia, South Africa, United Arab Emirates.
    




    Americas: Argentina, Brazil, Chile, Colombia, Mexico, Peru.
    




    Restricted or Banned Countries
    




    Binance is restricted or banned in the following locations due to compliance issues and/or government sanctions:
    




      

    • United States: Binance has been banned since 2019, leading to the creation of Binance.US as a compliant alternative. Therefore, US citizens can ONLY trade on Binance US (Binance.us), except for those from the following states: Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, and Vermont. Note however that Binance.us has fewer supported cryptocurrencies and features compared to the international site.
      • 




    • United Kingdom: The Financial Conduct Authority (FCA) revoked Binance’s permissions in 2023.
      • 




    • China: Binance is not legally supported in China and accessing the platform from within the country carries legal and financial risks.
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    • Netherlands: Binance exited the Dutch market in 2023 after failing to secure regulatory approval.
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    • Nigeria: Declared Binance illegal in 2023, leading to executive detentions and service restrictions.
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    • Canada: Binance left Canada in 2023 due to strict regulations and was fined $4.32 million in 2024.
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    • Belgium: Ordered Binance to halt operations in 2023 due to non-compliance with EU financial laws.
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    • Other restricted locations: Cuba, Iran, Syria, North Korea, Crimea, and non-government-controlled areas of Ukraine.
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    US citizens can ONLY trade on Binance US (Binance.us), except for those from the following states: Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, and Vermont. Note however that Binance.us has fewer supported cryptocurrencies and features compared to the international site. This is so that Binance.us is compliant with US Laws. 
    




    Supported Cryptocurrencies 
    




    Binance.com (Main Exchange) 
    




    Binance.com, the main exchange, offers a range of cryptocurrencies and coins as follows: 
    




      

    • Binance supports over 400 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), various altcoins and its own cryptocurrency, Binance Coin (BNB). Learn more about Binance Coin (BNB).
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    • Stablecoins available: USDT, BUSD, TUSD, and other fiat-backed digital assets.
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    • New Listings: Binance continues to add new tokens through its Binance Launchpad.
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    Payment Methods
    




    Binance.com
    




    Binance accepts payments the folllwing payment methods:
    




    Fiat Deposits: Users can deposit fiat funds using bank transfers, credit/debit cards (Visa & MasterCard), and third-party payment providers.
    




    Crypto Deposits: Binance supports deposits and withdrawals in all listed cryptocurrencies.
    




    Binance Pay: A crypto payment solution allowing users to send and receive digital assets instantly.
    




    Howevever as of 2025, Binance has restricted debit and credit card payments in several locations due to regulatory concerns and banking policies. Some of the key regions where Binance users face limitations include:
    




      

    • United Kingdom: Payments to Binance using Nationwide cards are declined due to regulatory uncertainty.
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    • United States: Certain banks have imposed restrictions on crypto-related transactions.
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    • China: Binance does not officially operate in mainland China, leading to payment restrictions.
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    • Nigeria: Binance faced regulatory challenges, affecting payment methods.
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    • Canada: Binance exited the market in 2023, impacting fiat transactions.
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    • Belgium: Binance was ordered to halt operations in 2023, restricting payments.
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    • Other restricted locations: Cuba, Iran, Syria, North Korea, Crimea, and non-government-controlled areas of Ukraine.
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     they can trade with other cryptocurrencies on the Exchange.
    




    Binance US (Binance.us)
    




    Binance US supports the following payment methods:
    




      

    • Bank Transfers (ACH): Users can link a bank account to deposit and withdraw USD with zero fees.
      • 




    • Crypto Deposits: Binance.US allows deposits in over 130 cryptocurrencies.
      • 




    • USD Trading Pairs: Users can trade major cryptocurrencies like BTC, ETH, and BNB against USD.
      • 




    • Recurring Buys: Users can schedule automatic purchases of crypto on a daily, weekly, or monthly basis.
      • 




    • Crypto Conversions: Binance.US offers instant conversion between USD and crypto.
      • 




    • Staking Rewards: Users can stake 20+ Proof-of-Stake cryptocurrencies, including ETH, SOL, and ADA.
      • 

    




    Deposit and Withdrawal Fees
    




    Deposit fees
    




    Deposit and withdrawal fees for Binance.com and Binance.US differ based on the platform and payment method.
    




    Binance.com:
    




      

    • Deposit fees:

        

      • Cryptocurrency deposits do not have any fees.
        • 




      • Fiat deposits are generally free, but some payment methods may incur processing fees.
        • 

      

      • 




    • Withdrawal fees:

        

      • Cryptocurrency withdrawal fees vary depending on the asset and network conditions. Some examples include:

          

        • Bitcoin (BTC): 0.0005 BTC per withdrawal
          • 




        • Ethereum (ETH): 0.00001 ETH per withdrawal
          • 




        • Binance Coin (BNB): 0.00002 BNB per withdrawal
          • 




        • USDT (Tether, BEP20): 10 USDT per withdrawal
          • 




        • Solana (SOL): 0.002 SOL per withdrawal
          • 




        • XRP (Ripple): 0.2 XRP per withdrawal
          • 

        

        • 




      • Fiat withdrawal fees depend on the payment method, region, and banking provider.
        • 

      

      • 

    




    Binance.US:
    




      

    • Deposit fees:

        

      • Cryptocurrency deposits are free.
        • 




      • Fiat deposits via ACH transfers are free, while wire transfers may have a small fee.
        • 

      

      • 




    • Withdrawal fees:

        

      • Cryptocurrency withdrawals follow the same asset-based fee structure as Binance.com..
        • 




      • Fiat withdrawals:

          

        • ACH transfers in the U.S. are free.
          • 




        • Domestic wire transfers in the U.S. incur a $15 fee per withdrawal.
          • 




        • International wire transfers incur a $35 fee per withdrawal.
          • 

        

        • 

      

      • 

    




    Click here for the fee structures of Binance.com and Binance US respectively.
    




    Trading Fees 
    




    Trading fees on Binance.com and Binance.US follow a maker-taker model, where both makers and takers are charged a base fee of 0.1% per trade. Users who hold Binance Coin (BNB) in their accounts can receive a 25% discount on trading fees when paying with BNB.
    




    Binance.com offers a tiered fee structure based on 30-day trading volume and BNB holdings. Higher VIP tiers provide lower trading fees. For example:
    




      

    • VIP 0 (standard users): 0.1% maker and taker fee
      • 




    • VIP 1: 0.09% maker fee and 0.1% taker fee
      • 




    • VIP 2: 0.08% maker fee and 0.1% taker fee
      • 




    • VIP 3 and above: progressively lower fees based on trading volume
      • 

    




    Binance.US follows a similar structure but has different fee tiers. Standard users pay 0.1% per trade, while high-volume traders can qualify for lower fees.
    




    Trading fees for Binance.com and Binance US are generally 0.1% for makers and takers with the following exceptions:
    




      

    • Binance.com and Binance.us: Users with larger trade volume or hold a specified amount of BNB are eligible to become VIPs. Higher VIP tiers give you lower trading fees.  There is a 25% trading fee discount if fees are paid using BNB. 
      • 

    




    Binance has competitive trading fees compared to some other cryptocurrency exchanges. For example: 
    




      

    • Coinbase: 0.50% of the transaction plus a flat fee based on the transaction amount. Advanced trading fees range from 0.00% to 0.60% depending on trading volume. Did you know you can avoid their expensive withdrawal fees? Find out more at CoinBase Fees- How to Avoid Them?
      • 




    • Kraken: Fees starting at 0.25% for makers and 0.40% for takers. Fees decrease with higher trading volume, reaching 0.00% maker and 0.08% taker for institutional clients.
      • 




    • Poloniex: They follow a tiered fee structure based on 30-day trading volume. Standard users pay 0.200% maker and 0.200% taker fees, while higher VIP tiers receive discounts.
      • 




    • OceanEX: 0.10%, discounts are offered for payments with their OceanEx coin.
      • 




    • KuCoin: 0.10% is their standard fee. Discounts are offered for payments with their KCS coin. 
      • 




    • Huobi: 0.20%
      • 




    • OKEx: Follows a tiered fee model. Regular users pay 0.080% maker and 0.100% taker fees, while VIP users receive progressively lower fees.
      • 




    • BitMEX: 0% maker fees and 0.075% taker fees for derivatives trading. Spot trading fees are currently 0% for a limited time.
      • 




    • BitFinex: 0.10% (maker) / 0.20% (taker) for crypto-to-crypto and crypto-to-stablecoin trades. Discounts are available for users holding UNUS SED LEO tokens.
      • 




    • BitMax (also known as AscendEX): Applies spot trading fees of 0.20% for both makers and takers. Margin and futures trading fees are 0.06% for takers and 0.02% for makers.
      • 

    




    Binance KYC
    




    Binance requires users to complete Know Your Customer (KYC) verification to access most features on the exchange. There are two levels of verification: Verified and Verified Plus.
    




      

    • Verified: Users must provide personal information, a government-issued ID, and complete facial recognition. This level allows deposits and withdrawals up to $50,000 per day, unlimited crypto deposits, withdrawals up to 100 BTC, and unrestricted peer-to-peer (P2P) transactions.
      • 




    • Verified Plus: Requires additional proof of address. Users at this level can deposit and withdraw up to $200,000 per day and access all features available to Verified users.
      • 

    




    In 2025, Binance strengthened its KYC policies to comply with global anti-money laundering (AML) regulations. Users in certain regions, such as India, must provide Permenant Acccount Number (PAN) details as part of the verification process. Binance also introduced enhanced KYC requirements for corporate accounts, requiring additional documentation such as source of funds, proof of address, and Politically Exposed Persons (PEP) declarations
    




    Controversies 
    




    Like any exchange, Binance is no stranger to controversies, making people question if Binance is safe. Let’s take a look at some controversies faced by the exchange.
    




    2019 Binance Hack
    




      

    • Hackers stole 7,000 Bitcoin, worth approximately US$40 million at the time.
      • 




    • The attack involved phishing and malware to gain access to user accounts.
      • 




    • Binance compensated affected users using its SAFU fund, an emergency insurance reserve.
      • 

    




    2019 KYC Data Breach
    




      

    • A hacker claimed to have Binance’s KYC data and demanded 300 Bitcoin in ransom.
      • 




    • Binance stated that the leaked data originated from a third-party KYC provider used in 2018.
      • 




    • Binance offered lifetime VIP membership and better trading conditions to affected users.
      • 

    




    2021-2022 Money Laundering Allegations
    




      

    • Reports suggested that Russian darknet drug market Hydra used Binance for transactions worth $780 million.
      • 




    • Binance denied the allegations, stating that the figures were inflated due to indirect crypto flows.
      • 




    • Binance strengthened its KYC policies in August 2021, requiring all users to verify their identities.
      • 




    • A study found that after Binance’s stricter KYC rules, Hydra-linked transactions dropped from $30 million per month to less than $1 million.
      • 

    




    2023 U.S. Regulatory Crackdown
    




      

    • Binance faced multiple lawsuits from U.S. regulators, including the SEC and CFTC, for allegedly violating securities laws.
      • 




    • Binance and its founder Changpeng Zhao (CZ) agreed to a $4.3 billion settlement in November 2023.
      • 




    • CZ stepped down as CEO, and Binance implemented enhanced compliance measures.
      • 

    




    2025 Allegations of Political Involvement
    




      

    • A Wall Street Journal report alleged that CZ acted as a fixer for a Trump-affiliated crypto project, World Liberty Financial (WLF).
      • 




    • CZ denied the claims, stating he had no role in WLF’s operations or connections.
      • 




    • Binance criticized the report as biased and reaffirmed its commitment to transparent financial practices.
      • 

    




    2025 SEC Lawsuit Dismissal
    




      

    • The SEC dropped its lawsuit against Binance in May 2025, marking a shift in U.S. crypto regulation.
      • 




    • The lawsuit, originally filed in 2023, accused Binance of serving U.S. users illegally and inflating trading volumes.
      • 




    • Binance called the dismissal a major win for crypto, signaling improved relations with regulators.
      • 

    




    Is Binance safe in 2025?
    




    Binance remains the largest cryptocurrency exchange in 2025, with over 270 million registered users and a total asset value exceeding US$142 billion. Despite past controversies, Binance has strengthened its security measures and regulatory compliance. Here are some security measures used by Binance:
    




      

    • SAFU Fund: Binance maintains the Secure Asset Fund for Users (SAFU), an emergency insurance fund valued at US$1 billion to compensate users in case of security breaches. For example, in May 2019, Binance suffered a security breach where hackers stole over 7,000 Bitcoin, valued at more than US$40 million at the time, and the exchange fully compensated affected users using the SAFU fund.
      • 




    • Proof of Reserves (PoR): Binance provides real-time proof-of-reserves, ensuring that user funds are backed 1:1 with additional reserves. You can learn more about Binance’s reserves audit by checking out: Binance Audited by Mazars, Confirms Bitcoin Reserves are Fully Collateralized.
      • 




    • Advanced Security Features: Binance has implemented two-factor authentication (2FA), IP whitelisting, and cold storage to protect user assets.
      • 

    




    

    


    

    Tweet from CZ on 13th December 2022
    




    Is Binance safe in 2025? It looks like it is. They paid back victims of hacks, showed they have enough money, and handled big withdrawals. But no exchange is 100% safe. That’s why it is important to take your cryptocurrencies off exchanges and put them in offline hardware wallets. That way, you keep control of your cryptocurrencies.
    




    Which hardware wallet should you get? Check out our comparison of the top 3 hardware wallets. Or read our reviews for the Ledger Nano X, Trezor Model T and KeepKey. 
    




    Conclusion: Binance Pros and Cons
    




    Pros
    




      

    • Largest Exchange by Volume: Binance continues to dominate the cryptocurrency market, handling over $100 billion in assets globally.
      • 




    • Extensive Cryptocurrency Support: Offers trading for over 1,300 cryptocurrencies, including major assets like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB).
      • 




    • Competitive Trading Fees: Maintains low trading fees (starting at 0.1%) with discounts for users who pay with BNB.
      • 




    • Advanced Trading Features: Provides spot trading, futures, margin trading, staking, and lending services, catering to both beginners and professional traders.
      • 




    • Regulatory Approvals: Secured 21 regulatory approvals across different jurisdictions, improving compliance and user trust.
      • 




    • Security Measures: Strengthened security with two-factor authentication (2FA), cold storage, and proof-of-reserves audits to ensure user funds are backed 1:1.
      • 




    • Binance Smart Chain (BSC) & Web3 Expansion: Continues to support decentralized finance (DeFi) services, NFT marketplaces, and blockchain innovations.
      • 

    




    Cons
    




      

    • Regulatory Challenges: Despite improvements, Binance still faces scrutiny in certain regions, leading to restrictions in countries like the United States, United Kingdom, and China.
      • 




    • Limited Binance.US Features: The Binance.US platform offers fewer cryptocurrencies and features compared to Binance.com..
      • 




    • KYC Verification Delays: Some users report longer processing times (up to 13 days) for identity verification.
      • 




    • Withdrawal Fees: While trading fees remain low, withdrawal fees vary depending on the asset and network conditions.
      • 




    • Customer Support Issues: Response times can be slow during peak trading periods, frustrating users needing urgent assistance.
      • 

    




    Sign up for Binance HERE!
    




    Binance Exchange Review (2025)
    




    When evaluating a cryptocurrency exchange, several key factors determine its reliability, security, and overall user experience. Binance, as the largest cryptocurrency exchange by trading volume, continues to evolve, offering a comprehensive suite of services while navigating regulatory challenges.
    




    Services Offered
    




    Binance provides a wide range of trading tools, including:
    




      

    • Spot Trading, Futures, and Margin Trading: Catering to both beginners and professional traders.
      • 




    • Options Trading: Advanced derivatives for experienced investors.
      • 




    • Lending & Staking: Users can earn passive income through lending and staking programs.
      • 




    • Binance Smart Chain (BSC) & Web3 Integration: Expanding decentralized finance (DeFi) services and NFT marketplaces.
      • 




    • Binance Pay: A crypto payment solution enabling seamless transactions.
      • 

    




    Cryptocurrency Support
    




      

    • Binance.com supports over 1,300 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB).
      • 




    • Binance.US, the U.S.-compliant version, offers around 50 cryptocurrencies, with a strict vetting process for new listings.
      • 

    




    Trading Fees
    




      

    • Competitive Fees: Binance maintains 0.1% maker and taker fees, with VIP tiers offering lower rates.
      • 




    • BNB Discounts: Users paying fees with Binance Coin (BNB) receive a 25% discount.
      • 




    • Fee Comparisons: Binance remains one of the most cost-effective exchanges compared to competitors.
      • 

    




    Security Measures
    




      

    • SAFU Fund: Binance maintains a $1 billion emergency insurance fund to compensate users in case of security breaches.
      • 




    • Proof of Reserves (PoR): Ensures user funds are backed 1:1 with additional reserves.
      • 




    • Advanced Security Features: Includes two-factor authentication (2FA), cold storage, and anti-phishing protections.
      • 

    




    Regulatory Compliance
    




      

    • Binance has secured 21 regulatory approvals across different jurisdictions.
      • 




    • Binance.US remains compliant with U.S. regulations, ensuring adherence to evolving legal frameworks.
      • 




    • Restricted Countries: Binance faces bans or restrictions in regions like the United States, United Kingdom, China, and Canada.
      • 

    




    Final Thoughts
    




    Binance remains the largest and most influential cryptocurrency exchange in 2025, offering a vast array of services while navigating regulatory challenges. Users should stay informed about compliance changes and consider self-custody options for long-term asset security. Overall, Binance is safe but it is important to avoid storing more cryptocurrencies than needed on exchanges.
    




    Frequently Asked Questions (FAQs)
    




    Is Binance still the largest cryptocurrency exchange in 2025?
    




    Yes, Binance remains the largest cryptocurrency exchange by trading volume, managing over $100 billion in assets globally.
    




    What is Binance.US, and how is it different from Binance.com??
    




    Binance.US is the U.S.-compliant version of Binance, offering a limited selection of cryptocurrencies (around 50) compared to Binance.com, which supports over 1,300 cryptocurrencies. Binance.US adheres to strict U.S. regulations, ensuring compliance with local laws.
    




    Does Binance require KYC verification?
    




    Yes, Binance requires Know Your Customer (KYC) verification for most features. Users must provide personal information, a government-issued ID, and facial recognition to access full trading capabilities.
    




    What are Binance’s trading fees in 2025?
    




    Binance maintains competitive trading fees:
    




      

    • 0.1% maker and taker fees for standard users.
      • 




    • VIP tiers offer lower fees based on trading volume.
      • 




    • 25% discount for users paying fees with Binance Coin (BNB).
      • 

    




    Is Binance safe to use?
    




    Binance has strengthened security measures, including:
    




      

    • SAFU Fund: A $1 billion emergency insurance fund to compensate users in case of security breaches.
      • 




    • Proof of Reserves (PoR): Ensures user funds are backed 1:1 with additional reserves.
      • 




    • Advanced Security Features: Includes two-factor authentication (2FA), cold storage, and anti-phishing protections.
      • 

    




    Which countries have restricted or banned Binance?
    




    Binance faces restrictions or bans in certain regions due to regulatory challenges, including:
    




      

    • United States (except Binance.US)
      • 




    • United Kingdom
      • 




    • China
      • 




    • Canada
      • 




    • Nigeria
      • 




    • Belgium
      • 




    • Netherlands
      • 

    




    How do I deposit and withdraw funds on Binance?
    




    Binance supports fiat and crypto deposits:
    




      

    • Fiat Deposits: Bank transfers, credit/debit cards, and third-party payment providers.
      • 




    • Crypto Deposits: Supports deposits and withdrawals in all listed cryptocurrencies.
      • 

    




    What is Binance Pay?
    




    Binance Pay is a crypto payment solution that allows users to send and receive digital assets instantly, supporting cross-border transactions.
    




    What is Binance Smart Chain (BSC)?
    




    Binance Smart Chain (BSC) is a blockchain network designed for fast and low-cost transactions, supporting decentralized finance (DeFi) applications and NFT marketplaces.
    




    Has Binance faced any controversies in 2025?
    




    Binance has navigated regulatory challenges, including:
    




      

    • SEC Lawsuit Dismissal: The U.S. SEC dropped its lawsuit against Binance in May 2025, marking a shift in crypto regulation.
      • 




    • Political Allegations: Reports suggested Binance’s involvement with a Trump-affiliated crypto project, which Binance denied.
      • 

    




    Binance continues to expand globally, securing 21 regulatory approvals while adapting to evolving compliance requirements
    




    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.
    

    
			
    
		
    
		
	
  • 
		
		
    
			
    Phemex Exchange Review
    
			
    Phemex Exchange Review
    
			
    Phemex is a professional-grade Cryptocurrency exchange offering both Bitcoin spot and options trading. The exchange offers an innovative zero-fee trading model where fees are not charged per transaction. Phemex also offers Bitcoin, Ethereum, and Chainlink Perpetual futures. The exchange is built by ex-Morgan Stanley executives, aiming at providing institutional-grade trading tools and security. Derivatives trading allows traders to increase their exposure to certain assets and the ability to “short”.  
    

    Phemex Exchange Review
    

    Key Features of Phemex
    

      

    • Free trades on Spot Exchange (Premium account)
      • 

    • Institutional grade trading and security
      • 

    • Robust trading insurance
      • 

    • Free deposit fees
      • 

    • Ability to Leverage up to 100X margin
      • 

    

    [wp-compear id=”5176″]
    

    Phemex Spot Exchange & Free trades
    

    

    


    

    

    One of the key advantages of Phemex exchange is the ability to have free zero fee trades. This concept is groundbreaking for the cryptocurrency exchange industry because the previous model charged trading fees for both buying and selling crypto. These fees would add up over time, with many traders paying thousands of dollars to cryptocurrency exchanges. With Phemex, these traders can take advantage of the zero fee trading model and only pay a monthly premium of $9.99 USD per month. This is a huge game changer for cryptocurrency daytraders and technical analysts. 
    

    Phemex is also offering a US$6,050 sign up bonus, as well as 2 BTC and 10,000 USDT in trial funds! Sign up here. 
    

    

    I think that this is a trend and responsibility of exchange is to reduce fees for small capital users And, for the institutional clients, they willing to pay more fees, but to have a better service, like data-wise, analysis wise, right? So that’s two different groups. So we, and we announced our zero fee permission, they just to benefit our retail customers.
    

    Jack Tao, CEO of Phemex
    

    Bitcoin Perpetual Futures
    

    The core trading product offered by Phemex is cryptocurrency derivatives trading such as Bitcoin Perpetual Futures. Derivatives are financial tools that derive value from the underlying product – in this case cryptocurrencies such as Bitcoin. Phemexexchange trades contracts based on the underlying asset instead of the asset themselves – this allows higher leverage and more types of products. Phemexallows up to a 101X max leverage on derivative products. This means a 1% change in the price of Bitcoin could result in 100% change in the funding amount – potentially allowing traders to double or nothing on the exchange. This type of leverage is popularized by the BitMEX exchange which also allows 100X leverage.
    

    Supported Countries 
    

    Phemex exchange does not offer its services to the following countries: US, UK, Canada, Cuba, Crimea, Sevastopol, Iraq, Yemen, Iran, Syria, North Korea, South Korea, Sudan, China, Hong Kong, Republic of Seychelles, and Bermuda.
    

    Supported Cryptocurrencies
    

    Phemex only 6 cryptocurrencies for the time being: Bitcoin, Ethereum, Ripple, ChainLink, Tezos, Litecoin. Though for contracts, Phemex also does offer a GOLD/USD trading pair. 
    

    Phemex Trading take profit orders and stop-losses
    

    One of the key advantages of Phemex is use of stop-loss and take profit orders. These orders allow professional traders to fine-tune their trading strategies and set up opportunities to take profit or stop-loss. By default, Phemex has quick options to take profit at 25%, 50%, 75% and 100% profit. These can be set when the initial position is established with a clear indication the mark price and estimated profit or loss. It’s important to remember that when take profit or stop losses are triggered, the position will be sold as a market order – meaning that the algorithm will automatically match a trade even if it’s not at the same price. 
    

    Phemex Fees
    

    Trading Fees
    

    The standard contract trading fees on Phemex is set at 0.01% for makers and 0.05% for takers. Whilst standard spot trading fees are 0.1% for makers and 0.1% for takers. Phemex offers trading fee discounts for VIP users i.e. those with high trading volume on their Exchange. Users can also enjoy trading fee discounts by staking Phemex’s native $PT token in return for $vePT, enough $vePT tokens. 
    

    There is no addition transaction fee for the exchange, so users can trade even small quantities without fear of having overwhelming fees. Taker fees are higher as the exchange promotes users to fill the order books and establish higher liquidity for the exchange. 
    

    Phemex trading fees
    

    Funding fee is feature that is extremely important to take into consideration on Phemex. Funding rate is paid directly to holders of either long or short positions depending if its “negative funding” or “positive funding” rate. On Phemex, the fee is charged every 8 hours and can be negative or positive – meaning it’s possible to gain or lose money every 8 hours. If funding rate is negative, shorts holders will pay longs a percentage of their position. In the example above, the funding rate is -0.0094%, so short holders will be charged 0.0094% of their entire position. This also means that long holders will gain interest on their position. 
    

    Click HERE to learn more about crypto funding rates and how to earn passive income from them.
    

    Deposit/Wtihdrawal fees
    

    Phemex does not charge a deposit fee, but there are minimum deposit requirements. As for withdrawals, there is also a minimum withdrawal limit and the fee charged depends on the cryptocurrency. For example, Phemex charges 0.0005 BTC for BTC withdrawals, and 1 USDT for USDT withdrawals. 
    

    Find out more about Phemex’s fees and conditions.
    

    What is the Phemex Token ($PT)?
    

    Phemex has a utility token known as Phemex Token ($PT). $PT gives holders various benefits including staking yields, trading fee discounts, VIP privileges, cashback airdrops, DAO governance, as well as launchpad and launchpool access. Phemex Token cab be purchased on the Exchange, and it can be staked to obtain Vote Escrow PT ($vePT). $vePT grants exclusive voting rights in the PhemexDAO, staking yields and buy crypto airdrops privilege. 
    

    Payment methods
    

    Phemex only accepts the following cryptocurrency deposits onto the Exchange: Bitcoin, Ethereum, ChainLink, Tether and Ripple. Due to the Exchange not having any KYC procedures in place, traditional payment methods such as credit or debit cards and PayPal are not accepted. 
    

    Sub-accounts feature
    

    Phemex offers an easy method to create sub-accounts – each with their own individual account balances and permissions. This feature allows traders to isolate their different trading strategies from each other – as it is possible to set a limited balance to each sub-account. Balance can be transferred freely between the accounts via the sub-account system. Traders can create new accounts for each new strategy they want to test out. In addition, sub-accounts can be used for trading bots – so automated trading can be done within controlled limits. 
    

    Is Phemex Exchange Safe?
    

    Phemex has never been the subject of a significant hack. They also have the following practices to keep user funds safe:
    

      

    • Cold wallets: Phemex assigns separate cold wallet deposit addresses to each user and keeps 100% of user funds in reserve. It also uses offline signature and Merkle-tree Proof-of-Reserves so users can see where their funds are in Phemex’s system. 
      • 

    • Risk controls: Phemex uses a two-factor authentication mechanism, an anti-phishing code, and a double-entry bookkeeping system to protect user accounts from tampering and malicious actions.
      • 

    • Firewall and network management: Phemex deploys its system on the AWS Cloud and uses several firewalls to separate different zones and machines for different trading purposes. It also applies restrictions on system and instance accessibility.
      • 

    • Trading platform:Phemex uses C++ engines that are fast, reliable, and customized to provide high performance and seamless disaster recovery for 24×7 trading.
      • 

    

    Phemex Team
    

    The core of Phemex team is comprised of ex-Morgan Stanley executives and developers. CEO Jack Tao has worked at Morgan Stanley for 11 years with experience developing Equity trading algorithms in the US. This work is pivotal to Phemex’s long term growth strategy and mission to bring professional trading tools to the cryptocurrency space. 
    

    Conclusion: Phemex Exchange Pros and Cons
    

    Pros
    

      

    • Developed by ex-Morgan Stanley Executives
      • 

    • Industry trend-setting Zero Fee Trading 
      • 

    • Sub Accounts and easy to use APIs
      • 

    • Top tier exchange and wallet security
      • 

    • No KYC for small withdraws
      • 

    

    Cons
    

      

    • Relatively new. 
      • 

    • Regional restrictions without providing alternatives for users from those jurisdictions.
      • 

    

    Phemex Exchange Review
    

    References: 
    

    AltcoinBuzz – Phemex Exchange Highlights. 
    CoinExchangeReviews- Phemex Review
    

    Frequently Asked Questions (FAQs)
    

    

    Is Phemex Exchange Regulated? 
    

    Phemex is currently looking for regulation via the Monetary Authority of Singapore (MAS) and SEBA for custody of customer assets. Similar to other derivatives exchanges such as BitMEX, PheMEX is currently not regulated. 
    

    

    Is Phemex allowed in the US? 
    

    Phemex does not offer services to the following countries: US, UK, Canada, Cuba, Crimea, Sevastopol, Iraq, Yemen, Iran, Syria, North Korea, South Korea, Sudan, China, Hong Kong, Republic of Seychelles, and Bermuda
    

    

    Does Phemex have a token? 
    

    Phemex has a token known as Phemex Token or $PT. It is a utility token that provides benefits such as staking yields, fee discounts, and Phemex DAO governance. 
    

    

    What is the difference between PT and vePT 
    

    PT is Phemex Token, the native token of Phemex Exchange. Users stake PT in order to get vePT (vote escrow PT).
    

    

    

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.
    

    
			
    
		
    
		
	
  • 
		
		
    
			
    BitMEX Exchange Review (2023): For More Experienced Users
    
			
    BitMEX Exchange Review (2023): For More Experienced Users
    
			
    BitMEX is a popular Bitcoin futures exchange for advanced traders and speculators, offering leveraged positions with Bitcoin (XBT) and low trading fees, but with a steep learning curve. The coverage of this review will be from BitMEX’s details about the company up to all its features and cons.
    

    Sign up here to get started.
    


    What is BitMEX?
    

    BitMEX is a popular Bitcoin futures exchange for experienced traders and speculators, offering leveraged positions with Bitcoin (XBT) up to 100x times. Trading on BitMEX is highly risky and rewarding, so caution should be taken when using the platform.
    

    

    BitMEX, established in 2014 and based in Hong Kong, is a secure and reliable cryptocurrency exchange. It offers the lowest Bitcoin margin trading fees and a straightforward sign-up process, although KYC is required. The platform has a user-friendly UI and dashboard, but it may be challenging for beginners. If you’re new to the crypto space, we recommend starting with a simpler exchange such as Bitstamp, Coinbase, or Poloniex.
    

    Key Features of BitMEX
    

    You can try these main features of BitMEX:
    

      

    • Futures Contracts. Cryptocurrencies can be bought or sold at a predetermined price on a specific date in the future through Futures Contracts.
      • 

    • Perpetual Contracts. These are agreements that are similar to futures contracts, but without a pre-set expiration date. You can maintain your position in these contracts for as long as you wish, or until your position is closed out.
      • 

    • BitMEX UP & DOWN Contracts. It offer traders the opportunity to benefit from the potential gains or losses of an underlying asset. These contracts allow users to speculate on the Bitcoin price at a specific settlement date. Furthermore, they will receive or pay the difference if their prediction is correct or incorrect.
      • 

    • Quanto Futures Contracts. BitMEX offers Quanto Futures Contracts in US Dollars and Tether, allowing traders to gain exposure to the USD or USDT price of assets without having to hold either USD/USDT or the asset itself.
      • 

    

    

      

    • Trade Bitcoin contracts with up to 100x leverage – maximize your potential profits with our high-leverage options.
      • 

    • Above-average customer support. BitMEX provides 24/7 customer support through various channels, such as a support ticketing system, comprehensive knowledge base, Weibo, Wechat, IRC, Twitter, and Reddit.
      • 

    • Professional and secure exchange. BitMEX deploys advanced security measures such as multi-signature cold storage, two-factor authentication, PGP email encryption, and comprehensive risk checks for every user trade.
      • 

    

    

      

    • Comprehensive order types for different trading strategies. BitMEX users can access a range of order types to suit their trading strategies, including limit, market, stop market, stop limit, trailing stop, take profit, hidden, iceberg, post-only, and close-on-trigger orders.
      • 

    • BitMEX Testnet. BitMEX Testnet is a great way for beginners to learn margin trading without risking real money. Moreover, it’s a 1:1 replica of the mainnet, running on fake Bitcoins, so you can get familiar with the platform before signing up on the mainnet.
      • 

    

    Key Advantages of BitMEX
    

    Strong Security – Assets are Kept in Cold Storage
    

    BitMEX offers a multi-signature deposit and withdrawal system that requires multiple verification steps for added security. This ensures that your wallet, system, trading and communication are all kept safe. 
    

    BitMEX offers one of the most secure storage solutions for your cryptocurrencies, with all addresses stored in a cold wallet. Cold wallets are kept offline, meaning that even if your personal information is compromised, hackers won’t be able to access your wallet as your private keys are not exposed.
    

    For enhanced security, it is recommended to store at least part of your crypto assets in a secure hardware (cold) wallet. Popular hardware wallets include Ledger Nano X and Trezor Model T. Both are highly appreciated by users for their security, usability, and design. If you’re looking for extra security when using BitMEX exchange, investing in a hardware wallet is a great way to ensure your funds are kept safe. All BitMEX reviews should mention this as an additional security measure.
    

    Futures Contracts and Other Services
    

    BitMEX is a crypto exchange that offers more than just regular trading services. It provides users with access to futures contracts, perpetual contracts, margin trading, and more.
    

      

    • BitMex Future Contracts:
      • 

    

    BitMEX futures are a type of agreement to buy or sell a specific asset at a predetermined price and time in the future. This type of trading is risky due to the volatile nature of the cryptocurrency market, and investors can potentially make large profits or losses. It is important to understand the risks involved before entering into a futures contract.
    

      

    • BitMex Perpetual Contracts:
      • 

    

    Perpetual contracts are similar to futures contracts, except that there is no predetermined expiration date. Buyers can hold these contracts for as long as they wish, without any pressure to sell.
    

      

    • BitMex Margin Trading:
      • 

    

    BitMEX is a crypto derivatives trading platform, allowing users to trade financial assets using up to 100x leverage. This means that with an investment of just $10, traders can effectively trade as if they had $1000. This works in a similar way to a loan, allowing traders to maximize their potential profits.
    

    Derivatives are financial products that derive their value from an underlying asset, such as Bitcoin, Ethereum, or any other altcoin. With BitMEX, traders can use margin trading to leverage their positions, but the platform’s smart margin and liquidation process will automatically close all open positions and protect traders from going bankrupt if their balance drops below zero.
    

    To get the most out of BitMEX’s powerful features, it’s important to understand how it works. The best way to do this is to practice in “learning” mode on the BitMEX TestNet.
    

    Practice Trading with BitMEX TestNet
    

    BitMEX TestNet is the perfect way for beginners to practice trading without any risks. This simulation allows users to gain experience in placing, executing and canceling orders, making it an invaluable tool for those just starting out.
    

    Create a separate account on BitMEX TestNet to practice trading Bitcoin with up to 100x leverage. Signing up only takes a few minutes and you’ll be able to view the current market and perform various actions.
    

    BitMEX Fees – Very Low
    

    BitMEX offers low fees for both perpetual contracts and traditional futures. The maker fee is -0.0250%, while the taker fee is 0.0750%. By minimizing your fees, you can maximize your earnings when trading on the platform.
    

    BitMEX does not charge for deposits or withdrawals, however, when withdrawing Bitcoin, a minimal Bitcoin Network fee is required, depending on the blockchain load. Market makers receive a negative fee, meaning they receive a rebate, a small percentage of the amount spent, instead of paying extra. Market makers add liquidity to the market and set a price, while market takers trade at a price set by the market maker.
    

    BitMEX App
    

    BitMEX offers a mobile app for Android and iOS users, allowing them to keep track of their assets and trade cryptocurrencies on the go. Rated 4.4 out of 5 on Google Play, the BitMEX app is a must-have for any crypto fan.
    

    

    Customers report that this app is easy-to-use and has a clear interface, with no technical issues encountered. Users find that navigating the app is straightforward when they know what they are doing. Download the BitMEX app to access real-time market data, make deposits and withdrawals easily, increase your security with multiple authentications and login notifications.
    

    Helpful Customer Service
    

    If you experience any issues or have any questions while using BitMEX, you can contact their customer support team by pressing the “Contact” button on their main page. The support is available in English, Chinese, Russian, Korean, and Japanese. 
    

    BitMEX offers helpful customer support that can solve any issues and answer important questions. Users can find answers to generic questions in the company’s FAQ section. Furthermore, specific inquiries can be addressed via email.
    

    Key Disadvantage of BitMEX
    

    Despite its many advantages, BitMEX has some drawbacks that should be taken into consideration. These include high fees for certain transactions, a lack of customer support, and a complex user interface that can be difficult to navigate. Additionally, the platform is not available in all countries, and it is not regulated by any government or financial authority. (https://www.tnsdiamonds.com/) 
    

    BitMEX USA – Not Available
    

    For US citizens, finding a reliable cryptocurrency exchange platform that is compliant with US regulations can be challenging. It is important to ensure that the exchange is supported in your country before making any trades to avoid any legal issues. BitMEX services are not available in certain countries, including:
    

      

    • The USA
      • 

    • The province of Ontario in Canada
      • 

    • The province of Québec in Canada
      • 

    • The Hong Kong Special Administrative Region of the People’s Republic of China
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    • The Republic of Seychelles, Bermuda, Cuba, Crimea and Sevastopol
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    • Iran
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    • Syria
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    • North Korea
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    • Sudan
      • 

    

    It is important to check the laws of individual countries to ensure that crypto and trading activities are not prohibited. BitMEX does not support certain countries, so it is essential to research the legal status of crypto and trading in each country before engaging in any activities.
    


    BitMEX offers a range of advanced trading features, including margin trading with leverage, futures contracts, and perpetual futures. However, these processes can be complex and risky for inexperienced traders, so it is important to understand the risks before engaging in any of these activities.
    

    Making a risky decision such as BitMEX futures trading requires thorough research, market analysis, and an investment amount that you are comfortable with potentially losing. This type of trading is not recommended for beginners. 
    

    For beginners, BitMEX may not be the best option as withdrawals and deposits can only be made in Bitcoin. This means that users cannot purchase cryptocurrencies using fiat currencies, such as USD and EUR, and must transfer Bitcoin from another platform to BitMEX.
    

    For reliable crypto exchange, Binance and Coinmama are the best options. Both platforms support fiat currencies and allow users to purchase Bitcoins easily.
    

    No Fiat Currencies Supported and a Small Number of Coins Available
    

    Making deposits on BitMEX can be a bit tricky for those who haven’t done it before, as the platform does not accept fiat currencies. However, this can be beneficial for experienced traders, as platforms that accept fiat currencies tend to charge higher fees.
    

    BitMEX only deals with Bitcoin, so all profits and losses are reported in Bitcoin. It is important to be aware of this when using the platform.
    

    Also, BitMEX is limited on supported altcoins:
    

      

    • Bitcoin
      • 

    • Bitcoin Cash
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    • Dash
      • 

    • Ethereum
      • 

    • Ethereum Classic
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    • Litecoin
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    • Monero
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    • Ripple
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    • Tezos
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    • Zcash
      • 

    

    With hundreds of options to choose from, top-rated crypto exchanges such as Binance and Coinmama offer far more variety than the limited 10 cryptocurrencies available.
    

    How to Use BitMEX?
    

    If you’re looking to use BitMEX, you’ll need a guide on how to register and make a deposit. Here you’ll find all the information to get started with BitMEX.
    

    How to Register on BitMEX?
    

      

    1. Create an account on BitMEX by clicking the Register button.
      2. 

    2. Register by providing your email address, password and country of residence, then click the “Register” button.
      3. 

    3. Confirm your email address by clicking on the “Verify my Email” link.
      4. 

    4. Simply enter your credentials and you’ll be automatically logged in.
      5. 

    

    How to Make a Deposit on BitMEX?
    

      

    1. Verify your identity to deposit funds on BitMEX.
      2. 

    2. Generate a wallet address to securely transfer assets.
      3. 

    3. Deposit only Bitcoin – no other cryptocurrencies accepted.
      4. 

    

    If you don’t own any Bitcoins yet, it’s recommended to create an account on Coinbase and purchase Bitcoins using fiat currencies, then transfer them to a BitMEX wallet address generated for you.
    

    Conclusion
    

    BitMEX, a cryptocurrency derivative trading platform founded in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed, is owned by HDR Global Trading Limited and has offices around the world. With its advanced features, BitMEX provides users with a secure and reliable trading experience.
    

    BitMEX offers advanced features such as futures contracts, perpetual contracts, and margin trading with up to 100x leverage, making it an ideal choice for experienced traders. The platform also provides a high level of security, including multi-signature deposit and withdrawal systems, multiple verification methods, and a cold wallet.
    

    BitMEX TestNet is the perfect way to learn margin trading with leverage without any risk. With low fees, BitMEX is an ideal platform for daily traders. However, it is not recommended for those who are not experienced with cryptocurrency derivatives trading. Additionally, it is not available in some countries, including the USA, and does not support any fiat currencies.
    

    If you are looking for an alternative to the platform you are currently considering, Binance and Coinmama are two options worth exploring. Consider all aspects of the platform before deciding if it is the right fit for your needs.
    

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.
    

    
			
    
		
    
		
	
  • 
		
		
    
			
    Changelly Exchange Review (2023): Is it safe and cheap?
    
			
    Changelly Exchange Review (2023): Is it safe and cheap?
    
			
    Changelly is a secure and smooth crypto trading platform that offers users a safe and easy way to buy and sell cryptocurrencies. In our Changelly exchange review, we look at this non-custodial cryptocurrency exchange that lets you buy and sell more than 150 different cryptocurrencies using your bank card, a transfer, or other cryptocurrencies. It is really convenient, quick, safe, and easy. 
    

    Sign up here to get started!
    

    What is Changelly?
    

    Changelly is a cryptocurrency exchange that started in 2013 and became its own company in 2016. It is based in Malta and has become very popular with over 2 million users. People like it because it has never had any problems with bugs, frauds or hacking. It is easy to use and you can buy, sell and exchange cryptocurrencies without having to deposit any money. People trust Changelly to trade cryptocurrencies safely.
    

    Changelly is owned by a group called MinerGate that is known for mining cryptocurrencies. Changelly is easy to use and supports many different currencies. It also has low fees for transactions. You can pay with credit cards, bank transfers and other ways. Because of its low fees and fast transactions, Changelly is a good choice for people who want to exchange cryptocurrencies quickly and safely.
    

    Key features of Changelly
    

      

    • Changelly is an easy and safe way to buy and trade cryptocurrencies. You don’t have to sign up to exchange some types of currencies, but you do have to give some personal information if you want to use regular money to buy cryptocurrencies.
      • 

    • Changelly supports more than 25,000 pairs and 150 different coins, so you have a lot of choices.
      • 

    • The platform doesn’t hold onto your money for you.
      • 

    • Changelly has an app for Android and iOS phones that you can use to buy and trade cryptocurrencies wherever you are.
      • 

    • Changelly has really good customer service and over 2 million happy customers. You can get help by chatting on their website, emailing them at support@changelly.com or using the app.
      • 

    

    Key Advantages of Changelly
    

    No Personal Info
    

    Changelly is a popular platform for exchanging cryptocurrencies. You don’t need to give any personal information to exchange altcoins. All you need is an email address. This is used for two-factor authentication and to keep track of your transactions. It also helps keep your account safe and lets you recover it if you forget your password. Changelly has good exchange rates and a lot of coins to choose from. This makes it a good choice for buying, selling, or trading cryptocurrencies. Here’s some of our tips to keep your cryptocurrencies safe.
    

    Flat Fee
    

    Sent message.
    

    The blockchain network charges a small fee for each transaction. Changelly charges an extra 0.25% fee for processing the payment. They claim this is the lowest fee you can find.
    

    Changelly Safety
    

    Changelly is a safe and reliable platform for trading cryptocurrencies. There have been no reports of scams or hacks. People say the customer service is helpful. Changelly is open about its services and there have been no big safety issues. So, Changelly is a good choice for trading cryptocurrencies.
    

    Customer Support
    

    Changelly has great customer support. You can get help through the website chat, app chat, email, ticket submission, or knowledge base. The website is in 12 languages, including English, Spanish, Korean, Arabic, German, Portuguese, Russian, French, Hindi, Turkish, Chinese, and Japanese. This means people from all over the world can get help. Changelly’s customer support is fast and friendly. This makes it a good choice for trading cryptocurrencies.
    

    Changelly Mobile App
    

    Changelly has a mobile app for Android and iOS devices. It’s easy to use and has all the features of the website. You can use the app to buy or switch cryptocurrencies on your phone. The app is safe and easy to use. This makes it a good choice for buying or switching cryptocurrencies. With Changelly, you can buy and switch cryptocurrencies easily and safely from home.
    

    How to Use Changelly?
    

    Sign up for Changelly
    

    Changelly does, however, guarantee the best exchange rates available for any given cryptocurrency at any given moment. It would probably be wise to double-check the exchange rates at other cryptocurrency trading platforms just to be safe. All you need to start trading is an email address, so registering on the website takes just a few seconds.
    

    Sign up for Changelly HERE
    

    Sign up for Changelly
    

    All that’s left to do is confirm the payment and wait to get your alternative currency. On a typical day, the process shouldn’t take more than 30 minutes; but, if the platform is experiencing high traffic, don’t be concerned if it takes a little longer to acquire your money.
    

    How to buy cryptocurrency on Changelly (fiat-on-ramp)
    

    Buy crypto instantly with Changelly below! 
    

    

    After choosing the currencies and amount above, click “Buy instantly”. You will also be asked to provide your wallet address to receive cryptocurrencies. You will then be redirected to the payment merchant’s page (Banxa) for payment. Most major credit cards (i.e. Visa, MasterCard) are accepted. 
    

    How to sell your crypto on Changelly
    

    Go to https://changelly.com/sell and choose the type of cryptocurrency you wish to sell. You will then need to verify your email and your identity with an identification document and selfie. Fiat from selling cryptocurrencies will be deposited to your credit card (Visa, MasterCard and some virtual cards) or debit card. You will also need to provide a cryptocurrency address for refunds. This is so Mercuryo, the payment merchant can refund any cryptocurrencies to you if something goes wrong, or there is a price fluctuation. You will have the option to choose to get a refund if the rate has changed by more than 5% in the time between you confirming the transaction, and when it is actually processed. Alternatively, you can choose to make an unconditional payment, meaning the transaction will be processed and you will receive fiat regardless of rate fluctuations. 
    

    Sell cryptocurrencies on Changelly
    

    How to swap cryptocurrencies on Changelly
    

    Swap cryptocurrencies instantly with Changelly below! 
    

    

    Select the currency you wish to swap to and from, and the amount, then click “Exchange”. Changelly will ask you to provide your wallet address for receiving cryptocurrencies. Afterward, Changelly will give you an address to send your cryptocurrencies. Stay on this page to be updated on progress. Once the transaction has been completed, Changelly will send your cryptocurrencies to the destination. It may take a few minutes before your funds show up. 
    

    What is Changelly Pro?
    

    Changelly Pro is a full-featured exchange platform by Changelly that allows users to upgrade their trading experience. It features an intuitive trading terminal that allows users to read signals, easily place trades and stay connected to the crypto markets 24/7. Changelly Pro also offers account security with 2FA protection, email confirmations, and whitelists for withdrawals. Additionally, it has a multi-currency wallet that allows users to manage multiple currencies without the need for additional wallets.
    

    Changelly fees 
    

    The blockchain network charges a small fixed fee for each transaction and Changelly charges an additional 0.25% commission fee for cryptocurrency trades. According to Changelly, this is the lowest fee in the market. 
    

    Changelly Pro charges three types of fees: fees for depositing money, fees for trading and fees for withdrawing money. Changelly made their fees clear and competitive. You don’t have to pay a fee to deposit cryptocurrencies, but you do have to pay a fee to deposit regular money. The fee can be from 1% to 7% depending on how you pay and who you pay through. Changelly suggests using bank transfers because they have lower fees.
    

    Changelly uses something called the maker-taker model to calculate trading fees. The fees are different depending on if you are adding or taking away money from the order book. Fees for makers are usually lower than fees for takers. Changelly also looks at how much you have traded in the past 30 days to figure out your trading fees. They only do this for TRADER and PRO accounts. If you trade more, your fees will be lower. For example, if you have a starter account, your fees will be 0.1% for both maker and taker. But if you trade 100,000 BTC or more in 30 days, you will only have to pay 0.03% for taker fees and nothing for maker fees.
    

    Withdrawal fees are minimal and vary depending on the cryptocurrency being withdrawn. For example, Bitcoin withdrawals incur a fee of 0.0004 BTC, 0.003 BTC for Ethereum, and 4 USDT for Tether.
    

    Changelly supported countries
    

    The Changelly platform is available worldwide except for Cuba, North Korea, Iran, Syria, Crimea, Sudan, the United States of America (including all USA territories such as Puerto Rico, American Samoa, Guam, Northern Mariana Island), the US Virgin Islands (i.e.St. John, St. Croix, and St. Thomas), Bangladesh and Bolivia, and countries subject to the United Nations Security Council Sanctions List.
    

    Changelly supported payment methods
    

    Changelly offers a variety of payment methods for buying cryptocurrencies. These include credit cards, bank transfers, and more. The platform also supports over 150 different cryptocurrencies that can be used to buy other cryptocurrencies.
    

    Changelly supported cryptocurrencies
    

    Changelly supports over 150 different cryptocurrencies. A full list can be found here.
    

    Conclusion
    

    In this Changelly exchange review, we find that Changelly exchange is a trusted and safe crypto exchange platform that offers its users 100 different altcoins to trade in. The company is constantly working to provide the best customer experience in both the exchange and security departments. However, the main issue that Changelly has to deal with is its fiat currency exchange pricing, which has caused many people to question the safety and fees of the platform. To avoid these issues, customers can check out other recommended crypto exchange platforms such as ByBit, Binance, KuCoin, and Kraken.
    

    Sign up here to get started!
    


    



    

    Changelly Exchange Review
    

    When reviewing a cryptocurrency exchange, it is important to consider several key factors to ensure that the exchange meets the needs and expectations of its users. In our reviews, we have evaluated a crypto exchange based on the services it offers, the cryptocurrencies it supports, its trading fees, and its security measures. These criteria were chosen because they are essential for providing a comprehensive and reliable trading experience for users. So by examining these aspects of an exchange, we can provide an informed and objective assessment of its overall performance and value to users.
    

    Services offered: Changelly offers an easy-to-use and simple platform for users to buy, sell, and exchange cryptocurrencies. It supports over 150 different cryptocurrencies and offers a variety of payment methods, including credit cards and bank transfers.
    

    Cryptocurrency support: Changelly supports over 150 different cryptocurrencies. Whilst it is not the most compared to other exchanges, it is enough for most levels of traders.
    

    Trading fees: Changelly charges a 0.25% commission fee for cryptocurrency trades, which it claims is the lowest fee in the market. However, it is important to note that the blockchain network also charges its own fees for each transaction.
    

    Security: Changelly is considered a safe and reliable platform for trading cryptocurrencies. There have been no reports of scams or hacks, and users have praised the company for its helpful customer service when issues do arise. 
    

    Frequently Asked Questions (FAQs)
    

    

    What fees does Changelly charge? 
    

    Changelly claims to have the lowest commission fee for cryptocurrency trades in the market at 0.25%. However, it is important to note that the blockchain network also charges its own fees for each transaction. For Changelly Pro, deposit fees, trading fees, and withdrawal fees are charged. Depositing cryptocurrency incurs no fees, but depositing fiat currency incurs a fee that varies from 1% to 7% depending on the payment method and fiat provider chosen. Changelly uses the maker-taker model to determine trading fees and varies them depending on whether liquidity is being added or taken from the order book. Typically, makers’ fees are lower than takers’ fees. Changelly also bases trading fees on trading volume over a 30-day period and applies them only to TRADER and PRO accounts. Minimal withdrawal fees are charged by Changelly and vary depending on the cryptocurrency being withdrawn.
    

    

    Does Changelly have a mobile app? 
    

    Changelly has a mobile app that is available for both Android and iOS devices. The developers made the app as user-friendly as the website and included all the features of the website. With the Changelly app, users can buy or switch cryptocurrencies directly from their phones.
    

    

    Is Changelly safe? 
    

    There have been no reports of scams, hacks, or other malfunctions within Changelly, and users have praised the company for its helpful customer service. Changelly is transparent with its services, and there have been no major issues regarding safety. As such, Changelly is considered by many to be a safe and reliable platform for trading cryptocurrencies.
    

    

    Which countries does Changelly support? 
    

    Changelly is available worldwide except for Cuba, North Korea, Iran, Syria, Crimea, Sudan, the United States of America (including all USA territories like Puerto Rico, American Samoa, Guam, Northern Mariana Island), the US Virgin Islands (St. John, St. Croix, and St. Thomas), Bangladesh and Bolivia, and countries subject to the United Nations Security Council Sanctions List and its equivalent.
    

    

    Can I use Changelly in the USA? 
    

    No, Changelly is not available in the USA.
    

    

    Does Changelly require KYC? 
    

    Changelly does not require KYC (Know Your Customer) verification for exchanging cryptocurrencies. The only thing needed to start trading is an email address. However, for transactions from fiat to cryptocurrency, you must provide some identity information, such as an identification document and a selfie.
    

    

    Is Changelly MoonPay safe? 
    

    MoonPay is a payment provider that Changelly uses to process credit and debit card transactions. According to MoonPay’s website, they encrypt all data using AES-256 block-level storage encryption while in transit. Furthermore, MoonPay has a bug bounty program that rewards individuals for finding and reporting security weaknesses. This allows MoonPay to make improvements to its security.
    

    

    What payment methods are accepted by Changelly? 
    

    Changelly offers many payment methods for buying cryptocurrencies including credit cards, bank transfers, and more. The platform also allows users to buy over 150 different cryptocurrencies using other cryptocurrencies.
    

    

    

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.
    

    
			
    
		
    
		
	
  • 
		
		
    
			
    Revolut Exchange Review (2023): Cryptocurrency Trading Alternative Not Suitable For Everyone
    
			
    Revolut Exchange Review (2023): Cryptocurrency Trading Alternative Not Suitable For Everyone
    
			
    Revolut is a UK-based mobile banking solution that has entered the cryptocurrency industry. They are offering their users a unique range of features such as CFDs, derivatives, and custodial services. In this review, we will talk about on how Revolut works and its pros and cons.
    

    Sign up here to get started.
    


    What is Revolut?
    

    Revolut is a UK-based mobile banking solution that has recently entered the cryptocurrency industry. Although there are not many user Revolut crypto reviews available yet, it is possible to draw some conclusions about this venture.
    

    This exchange is an innovative player in the cryptocurrency space, offering users a range of unique features such as CFDs, derivatives, and custodial services. Many users have praised the platform for its cutting-edge features.
    

    

    Revolut offers three convenient ways to purchase cryptocurrencies: using held currencies like USD or existing crypto assets on your Revolut account, setting up an ‘auto-exchange’ to buy cryptocurrency at a target rate, and setting up a “recurring buy” to purchase cryptocurrency at regular intervals.
    

    Key Features and Advantages of Revolut
    

    This Revolut crypto review is unique. The features offered can be seen as both great investing solutions and something to stay away from. However, depending on the user, Revolut can be a great way to invest in crypto or a platform to avoid.
    

    You Kind of Don’t Actually Purchase Cryptocurrencies
    

    From registering on a cryptocurrency exchange, passing KYC verifications (if the exchange is centralized and regulated), transferring funds (usually in the form of fiat currency), purchasing the desired crypto asset, and then transferring it out of the exchange into a cryptocurrency wallet are the general steps involved in most cryptocurrency exchanges.
    

    Revolut is an exception to the majority of exchanges that are currently leading the industry, as when you purchase cryptocurrency on Revolut, you don’t actually receive any crypto coins. Instead, you are credited with the amount that it costs at that time, with a contract being made on behalf of the asset.
    

    Revolut crypto reviews often refer to the platform as “CFD trading”, but in reality, it is actually derivative trading. Derivative trading involves buying a contract for an underlying asset, based on the asset’s current value at the time of the transaction. This allows users to benefit from the asset’s price appreciation without having to own the asset itself.
    

    The good part about Revolut’s approach is that it allows you to buy and sell cryptocurrencies quickly and easily, without having to worry about the technicalities of actually buying and selling the coins themselves. This makes it a great option for those who are new to the world of cryptocurrency and don’t want to get bogged down in the details. Additionally, Revolut’s contracts are fully backed by the company, meaning that you can be sure that your money is safe and secure.
    

    With the increasing popularity of cryptocurrencies and the simplification of investment methods, more and more people are entering the crypto market. This is evident from the increasing number of Revolut crypto reviews from users.
    

    Revolut is the perfect choice for those who want to make money with cryptocurrency but have no interest in actually holding their own coins. It takes away all the hassle and does all the work for you, so you don’t have to worry about transferring or owning any coins.
    

    A Very Streamlined UI Design
    

    Revolut is renowned for its user-friendly interface, making it one of the best mobile banking solutions and crypto exchanges available. Many online reviews praise the usability of the app, highlighting its convenience and ease of use.
    

    Revolut is an easy-to-use mobile platform that allows users to access exchange services with ease. Whether you’re browsing the app or signing up to explore the exchange features, you’ll find the user experience to be smooth and straightforward.
    

    

    Revolut is the perfect example of why ease of use is an important factor when selecting the best crypto exchange for you. The app is designed with a modern and intuitive layout, with no unnecessary buttons, and is highly responsive and fluid. With Revolut, you can be sure that your crypto exchange experience will be smooth and hassle-free.
    

    Supports the Main Cryptocurrencies
    

    Revolut offers a range of cryptocurrency derivatives, allowing users to gain exposure to the crypto markets without actually owning the underlying coins.
    

    Their 5 supported cryptocurrencies are:
    

      

    1. Bitcoin
      2. 

    2. Bitcoin Cash
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    3. Ethereum
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    4. Litecoin
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    5. Ripple
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    Revolut has chosen the five major cryptocurrencies that are dominating the industry and are highly ranked in popularity, making it a great choice for those new to the crypto world who want to invest in the major cryptos.
    

    If you’re new to the world of cryptocurrency, you may not be interested in researching all the smaller coins available. Although today’s newcomers to the market are more knowledgeable about crypto, the majority still prefer to stick with the smaller, lesser-known cryptocurrencies.
    

    If you’re a crypto enthusiast looking for a good starting point, Revolut crypto reviews can provide you with valuable insight.
    

    Many Additional Features Available
    

    Revolut is a mobile banking solution that offers users the ability to invest in cryptocurrencies. This additional feature allows users to buy and sell cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and more. With Revolut, users can easily manage their finances and take advantage of the cryptocurrency market.
    

    A range of benefits come with choosing a multi-currency account, such as free UK-based accounts, reduced ATM fees, free cards, free SWIFT transfers, global express deliveries, and unlimited cross-border free transfers. Depending on the plan you choose, you can enjoy a variety of perks.
    

    User Revolut crypto reviews highlight the platform’s ability to facilitate traditional stock investing, with a wide selection of stocks and an easy-to-use trading and investing process.
    

    Key Disadvantages of Revolut
    

    Bad Part of Not Actually Purchasing Cryptocurrencies
    

    Revolut Trading does not provide users with their own cryptocurrency, but instead works in a similar fashion to derivative trading. Contrary to their official blog, Revolut does not purchase or sell cryptocurrency on behalf of the user, meaning that users do not actually own the crypto.
    

    You won’t be able to transfer cryptocurrency that you own to the Revolut platform, as it can only be bought and sold on the platform. If the coins were truly yours, you would be able to do whatever you want with them, but this is not the case with Revolut.
    

    Crypto enthusiasts often remind users of the saying “not your keys, not your coins” to emphasize the importance of owning the private keys to their wallet, as without them, coins can be taken away at any time – something echoed by multiple Revolut crypto reviews.
    

    Revolut’s stance on the matter is clear: their services may not be suitable for everyone. However, they do not provide a convincing argument to support this claim. It’s model of crypto trading is not suitable for everyone. If you prefer to own your own coins, transfer them, trade them freely, or keep them in your own wallet, Revolut is not the right choice. Consider Binance and Coinbase as alternative options.
    

    Dissuasive Fees
    

    Revolut’s crypto trading fees are unique compared to other exchanges, and unfortunately, not always in a positive way. User reviews of the platform often point out that the company employs a fee model that is not as competitive as other exchanges.
    

    This exchange employs the VWAP (Volume-Weighted Average Price) model to calculate its crypto fees. This model takes into account the market price of a cryptocurrency that has experienced the highest volume at any given time, in order to determine the price of the cryptocurrency on the Revolut exchange.
    

    Their lack of support for brief price swings is bad news for crypto traders, as it means they won’t be able to take advantage of short-term price movements. For example, if Bitcoin were to experience a sudden drop in price, traders wouldn’t be able to purchase it at the lower price since it wouldn’t have the most volume on the market.
    

    Very Limited Number of Cryptocurrencies
    

    Revolut crypto reviews note the apparent lack of additional altcoins, as the platform only supports some of the main cryptocurrencies that you might want to trade and invest in. This is in contrast to other high-end cryptocurrency exchanges, which typically support anywhere from 80 to 200 different cryptocurrencies.
    

    Revolut may not be the best choice for those interested in exploring the cryptocurrency industry, as it offers limited support for alternative coins. If you don’t actually own any of the coins you purchase through Revolut Trading, it’s important to understand the distinction between those who will benefit from this exchange and those who should stay away from it.
    

    Before we make a final judgement, let’s take a closer look at the Revolut platform and the process of investing in a cryptocurrency. We’ve already discussed the fees, usability features, and more, so now let’s dive deeper into the platform itself.
    

    How to Use Revolut?
    

    If you’ve downloaded the Revolut app, gone through the registration and identity verification processes (KYC) and are now on the main dashboard, you’re ready to purchase your first cryptocurrency on the Revolut exchange. Here’s a step-by-step guide to help you get started. (https://compassionprisonproject.org/)  Note that the process may be slightly different for Revolut USA customers, as this guide is based on the European version of the app.
    

      

    1. From the main Revolut dashboard, navigate to the second tab from the left in the lower-left corner to access the Wealth section of your account. Here, you can view and manage all of your investments.
      2. 

    

    

     
    

    

    2. At the top of the interface, you can access your assets, including traditional stocks, crypto, commodities, and vaults. In the middle of the screen, you can view your investment balance and investments. Scroll down to view the transactions you’ve made. To access the Crypto section, navigate to the Crypto part of the interface.
    

    

     
    

    

    3. Revolut is the perfect way to get started with cryptocurrency. Our easy-to-use platform allows you to quickly and securely exchange fiat currency for digital assets. Learn more about our exchange and the world of crypto with our interactive Instagram story notifications.
    

    

     
    

    

    4. Once you’ve done your research, you can select the cryptocurrency you’d like to buy and enter the amount of money you’d like to invest. After submitting your order, all that’s left is to wait for the funds to be credited to your account. It’s that simple!
    

    

     
    

    

    Revolut has optimized the investment process for its users, and now with the company’s expansion into Revolut USA, US-based investors can benefit from the same process. It is important to take the time to explore the platform and understand how Revolut works to ensure it meets your needs.
    

    Trading cryptocurrency is similar to traditional stock and commodity trading, but you should also familiarize yourself with the banking interface of Revolut to take advantage of the various plans they offer. To sell your cryptocurrency, you can go to the Crypto screen, swipe left to place a SELL order, and select the amount you want to sell.
    

    Revolut is a leader in terms of user-friendliness and simplicity when it comes to the crypto purchasing process. It would be great if the exchange was non-custodial as well!
    

    Conclusion
    

    Revolut is a unique cryptocurrency trading solution that was originally designed as an online, mobile-based banking app. However, it has since evolved to become a popular platform for cryptocurrency trading and investing. In this review, we have explored the features and benefits of Revolut’s crypto trading service, as well as its drawbacks. We hope that this review has helped you to make an informed decision about whether Revolut is the right crypto trading platform for you.
    

    I would recommend trying out Revolut’s cryptocurrency exchange, but it ultimately depends on your own personal wants and needs when it comes to cryptocurrencies. 
    

    If you are a complete novice to the world of cryptocurrencies and are only looking to make a quick profit through day trading, Revolut could be a great place to start. Many users have given positive Revolut crypto reviews, making it a popular choice for those looking to make a quick buck.
    

    If you’re looking to hold your own cryptocurrencies in a wallet that belongs to you, or to trade a wider selection of coins, then Revolut may not be the best option. Consider platforms such as Coinbase and Binance, which offer better insurance and fee models.
    

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.
    

    
			
    
		
    
		
	
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    UPbit Exchange Review (2023): Beginner-Friendly South Korean Crypto Exchange
    
			
    UPbit Exchange Review (2023): Beginner-Friendly South Korean Crypto Exchange
    
			
    The increasing popularity of cryptocurrencies has led to the emergence of numerous crypto exchanges, making it challenging to find a reliable platform with essential features, necessitating a detailed Upbit review. The Upbit review will evaluate the cryptocurrency exchange’s quality by examining various aspects and provide an overview of the company’s objectives, followed by instructions on creating an account.
    

    Sign up here to get started
    


    What is UPbit?
    

    Upbit, a South Korean crypto exchange founded in 2017 by Song Chi-Hyung, one of South Korea’s richest men, has become one of the leading cryptocurrency exchange platforms in terms of 24-hour trading volume. With the help of Bittrex, an American crypto exchange platform, Upbit was able to launch successfully and within two months of its launch, it had already become a major player in the crypto market. Upbit offers a secure and reliable platform for users to trade cryptocurrencies, making it a popular choice for crypto traders.
    

    

    Upbit embarked on expansion in Southern Asia in late 2018, starting with Singapore and later Indonesia. One unique aspect of Upbit is that it became the world’s first crypto exchange to receive Information Security Management System (ISMS) certifications from the Korea Internet and Security Agency.
    

    Key Features of UPbit
    

    Although Upbit is not the most eccentric or extensive exchange, its affiliation with major tech companies has resulted in a unique and focused set of features.
    

      

    • Various trading options. Upbit presents a wide range of cryptocurrencies and assets for users to select from.
      • 

    • No deposit fee is charged. Users of the platform can deposit funds without incurring any fees, making it a cost-effective option for investors looking to trade in the crypto market.
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    • Upbit’s ecosystem. Products, services, and features provide a comprehensive digital solution, making it an ideal platform.
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    • A key factor in its potential. Leveraging its affiliation with Kakao, Upbit has access to a vast potential user base that could propel the platform to new heights, solidifying its position as a leading crypto exchange.
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    • Clean interface. The Upbit’s view is straightforward and uncluttered, offering users a simple and clean interface to execute trades.
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    • Monitor various analytics. On its trading platform, Upbit offers a feature that enables users to track multiple analytics and statistics, access the latest market trends, and make more informed trading decisions.
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    Key Advantages of UPbit
    

    As previously noted, I will commence this Upbit review by highlighting the platform’s positive attributes. Considering the breadth of features available on Upbit, it is essential to assess each one thoroughly.
    

    Sturdy Security
    

    Upbit is a cryptocurrency exchange with reliable security features, including a 24/7 monitoring system, 2-step verification, and an additional fund password for withdrawals. Completing level 4 verification is necessary for SGD deposits or withdrawals. While Upbit previously relied on BitGo to secure its wallets, the company no longer uses its services following a security breach in 2019 that resulted in the movement of $50 million worth of Ethereum to an anonymous wallet. Upbit responded by updating its wallet’s security, introducing new addresses, and transferring assets to more secure cold wallets. The company also offered full refunds to affected users, demonstrating its commitment to security and restoring trust in its platform.
    

     
    

    To ensure the safety of your cryptocurrency, it’s suggested to choose cold or hardware wallets instead of online ones. Cold wallets keep your private keys offline and prevent hackers from accessing your wallet. Reliable options include Ledger Nano X and Trezor Model T. Although Upbit is considered one of the safer crypto exchanges, it has experienced a cyber attack, so it’s recommended to purchase a reliable crypto wallet to protect your assets.
    

    More than 200 Assets Supported
    

    Upbit is a top-rated crypto exchange that supports deposit and withdrawal of more than 200 assets, including BTC, ETH, LTC, and EOS. It offers a wide range of options, allowing users to find the asset they need without being limited to only a few. Upbit is one of the few exchanges that offer such a large selection of cryptocurrencies, making it a great choice for those looking for a reliable and secure platform.
    

    

    Low Transaction Fees
    

    Upbit is a reliable crypto exchange with industry-standard fees of 0.25% for both makers and takers. Withdrawal fees differ depending on the cryptocurrency, for example, BTC withdrawal fee is 0.0005BTC, ETH – 0.01ETH, LTC – 0.01. Upbit is a good platform for maximizing your profit, as fees are considered to be industry standard and in most cases, higher rather than lower. The company’s official site provides more information about the fees for other cryptocurrencies.
    

     
    

    High Liquidity
    

    One of the top crypto exchanges in terms of trading volume, currently ranked 63rd with a 24-hour volume of $323,555,840. It is also one of the top exchanges based on market cap. Upbit provides high liquidity, meaning that the asset can be sold for its market price very quickly. This is one of the reasons why Upbit Exchange is so recommended. The platform also interrelates trading volume and liquidity, meaning that trading volume indicates the liquidity level of a specific asset. Upbit is a reliable and secure platform for trading cryptocurrencies.
    

    Beginners Are Welcome
    

    Upbit is mentioned as a good option for beginners as it provides a clear interface, helpful customer support, market data, real-time trends, and analyses of different cryptocurrencies. It is emphasized that having these features will help traders make the right decisions when buying and selling cryptocurrencies. Other exchanges mentioned that may be even more beginner-friendly include Binance, Kraken, and Coinbase. The article aims to educate and encourage beginners to research and choose a trading platform that is easy to use and suits their needs. (https://www.almostthererescue.org) 
    

    Helpful Customer Support
    

    Upbit has been praised in customer reviews for its polite and efficient customer support, which can be contacted through phone, email, and KakaoTalk. The platform also has an extensive support section on its website, including a user guide, trading guide, deposit & withdrawal guide, and an FAQ section covering topics such as account, security, 2FA, exchange, deposit & withdrawals, and trading. 
    

     
    

    The FAQ section is helpful for generic questions, but for more specific inquiries, it is recommended to contact customer support. Upbit’s customer support was tested and found to be responsive, providing clear answers and additional material for self-improvement. Upbit is an easy-to-use and beginner-friendly platform, but other highly-recommended exchanges such as Coinbase, Binance, and Coinmama should also be considered.
    

    Available in Mobile App
    

    Upbit is a crypto exchange that offers a desktop application for Mac and Windows devices, as well as a mobile app for iOS and Android devices. The app has 4.3 stars on the Google Play store and provides users with access to more than 150 assets and 220 markets. Security is improved by 2FA and fund password, and users can also benefit from a multi-signature cold wallet. 
    

    

    The majority of customers claim that the app has a clear interface that is easy to use and navigate. However, some people have had issues with the verification process and changing the password. Overall, Upbit is a reliable crypto exchange that provides a secure and user-friendly experience.
    

    Key Disadvantages of UPbit
    

    This Upbit review continues with a look at the potential drawbacks of the platform.
    

    Trading With Leverage Is Not Available
    

    Leverage trading, also known as margin trading, is a type of trading where you can trade higher amounts than you have available. It increases the potential reward but also increases the risk of losing everything. Upbit exchange does not offer margin trading, which is beneficial for beginner traders who lack the experience to make such risky investments. Negative balance protection is recommended for those who do decide to take advantage of margin trading, as it will stop them from going into minus.
    

    Only South Korean Won Supported
    

    This platform only supports the South Korean Won as a fiat currency. This means that if you want to purchase crypto using EUR or USD, you won’t be able to do that on Upbit. However, you can still purchase crypto using other exchanges that support fiat currencies and then transfer them to Upbit to start trading. Before doing that, you should consider other reliable crypto exchanges such as Coinbase, Binance, and Coinmama, which offer robust security, attractive features, and support multiple fiat currencies.
    

    Not the Best Reputation
    

    When choosing a crypto exchange, it’s important to check out customer reviews. Upbit crypto exchange has quite a good amount of negative reviews, with people mostly saying that they experience issues with the verification process and some even lost cryptocurrencies while using the platform. Additionally, Upbit has a bad reputation due to the huge hack in November 2019, which cost the company 342,000 ETH valued at about $50 million. Therefore, users should take this into account when considering Upbit crypto exchange.
    

    Residents of the United States Are Not Eligible
    

    When selecting a crypto exchange platform, it is important to consider not only the features it offers but also its availability in your country. Unfortunately, Upbit is only available to South Korean customers due to strict regulations. If this platform is not available to you, there are other crypto exchanges to choose from. A full list of recommended platforms can be found online, so you can find the most suitable option for you.
    

    How Does Upbit Exchange Work?
    

    When selecting a cryptocurrency exchange platform, it’s important to verify if it’s accessible in your location in addition to the features it offers. Regrettably, Upbit is only accessible to clients in South Korea due to stringent regulations and cannot provide services to US citizens.
    

    If Upbit is inaccessible to you, you should consider exploring other cryptocurrency exchanges. A comprehensive list of suggested platforms is available, which will help you choose the most appropriate option based on your preferences.
    

    How to Create an Account on Upbit?
    

    Create an account on Upbit, the customer-friendly exchange, with ease by following this step-by-step guide.
    

      

    • Step 1. Click “Sign Up” at the top of the Upbit main page.
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    • Step 2. Please enter your email address, create a password based on the requirements, confirm that you are at least 18 years old, and check the “I’m not a robot” box.
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    • Step 3. Navigate to your inbox and click the verification link. You have 30 minutes to complete this task.
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    Congratulations, you now have your own Upbit account!
    

    Conclusion
    

    Upbit is a well-known South Korean crypto exchange that offers over 200 supported assets, strong security, high liquidity, low trading fees, and a user-friendly interface suitable for beginners. However, despite its benefits, there are some concerns to consider. In 2019, Upbit experienced a hack that resulted in the loss of 342,000 ETH worth around $50 million. This is a significant event that should be taken into account. 
    

    Additionally, the exchange does not provide leverage trading, only supports one fiat currency, South Korean Won, and is unavailable to US residents. Therefore, it is important to carefully weigh the pros and cons before using the platform. Alternatives such as Kraken, Coinbase, and Binance should also be considered.
    

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.
    

    
			
    
		
    
		
	
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    Crypto.com Exchange Review (2023): Offers a Wide Variety of Crypto-related Services
    
			
    Crypto.com Exchange Review (2023): Offers a Wide Variety of Crypto-related Services
    
			
    Crypto.com is an international cryptocurrency hub offering a wide range of services, from buying and selling crypto to earning interest and making payments, all with the security of a non-custodial wallet. We’ll talk about both advantage that you’ll get when you choose Crypto.com exchange together with its notable disadvantages, too.
    

    Sign up here to get started.
    

    What is Crypto.com?
    

    Crypto.com is an international cryptocurrency hub that offers a range of services, including the Crypto.com App, Exchange, DeFi swap and Wallet, Pay, Earn, and Credit. With the Crypto.com App, users can buy over 100 top cryptocurrencies at true cost, earn high interest on their crypto, manage their Crypto.com Visa Card, and easily make crypto payments. 
    

    The Crypto.com DeFi Wallet is non-custodial, giving users full control of their private keys. Furthermore, Crypto.com works with regulatory institutions all over the globe to provide a convenient way to buy, sell, trade and spend cryptocurrencies.
    

    Monaco Technologies GmbH, founded by CEO Kris Marszalek in June 2016, launched Crypto.com with the slogan “Spend anywhere, without fees.” In the first half of 2017, Monaco launched its own token, MCO, and raised approximately USD 26,7 million worth of crypto through an ICO. Moreover, the ICO ran from May 18 to June 18, and 12,135,542 MCO tokens were sold out of the total supply of 31,587,682. Crypto.com is a revolutionary platform that allows users to spend anywhere without fees. The MCO token is a secure and reliable way to store and transfer value.
    

    Key Features of Crypto.com
    

    Here are the important key features to take note of:
    

      

    • Spend cryptocurrency. Crypto.com Visa Card allows you to spend cryptocurrency and get up to 8% cashback rewards on your purchases.
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    • Crypto.com App. The Crypto.com App allows users to purchase over 100 cryptocurrencies at true cost and manage the Crypto.com Visa Card, which enables them to pay for everyday purchases with crypto.
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    • Crypto Earn. Earn up to 8% (14% for stablecoins) on your crypto deposits with Crypto Earn. Get paid weekly in the same crypto you deposited.
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    • Crypto Credit. Secure up to 50% Loan-to-Value (LTV) with Crypto Credit – the safe and secure way to get a crypto loan.
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    • Crypto.com Exchange. Crypto.com Exchange offers deep liquidity, best execution prices, and the lowest maker and taker fees in the industry. Moreover, refer a friend to the Exchange and get up to USD 2,000 referral bonus plus 50% commission on their trading fees for a year.
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    • Crypto.com NFT. Crypto.com NFT offers exclusive collections of Non-Fungible Tokens (NFTs) from A-list artists, musicians, athletes, and brands. Users can easily purchase NFTs with their credit/debit card and sell collectibles in the Marketplace, where bidding starts at just USD 0.
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    • The Syndicate. Crypto.com Exchange traders can take advantage of The Syndicate and purchase top cryptos such as Bitcoin (BTC), Polkadot (DOT), and Zilliqa (ZIL) at discounts of up to 50%.
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    • Supercharger. Crypto.com App and Exchange users can deposit CRO into the Supercharger pool to earn popular DeFi tokens as rewards. The daily reward allocation is based on the liquidity provided by the user during the Charging Period.
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    • DeFi Swap. DeFi Swap is a fork of Uniswap V2 that enables users to swap and farm DeFi coins at the most competitive rate. Additionally, users can securely store their crypto in the Crypto.com DeFi Wallet with a simple connection.
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    • DeFi Earn. DeFi Earn allows users to maximize their returns by depositing their tokens into the highest APY protocol available. Currently, DeFi Earn is integrated with Aave Lending V2, Yearn Earn V2, Compound, Cosmos Staking, and native CRO Staking, providing users with the best possible returns.
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    • Crypto.com Price. Crypto.com’s price page offers an easy way to stay up-to-date on the latest token prices, market movements, market capitalization rankings, and token information.
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    Depending on your location, some features of Crypto.com may not be available to you. For example, lending services are not available to residents of Hong Kong, Singapore, Switzerland, Malta, and the United States.
    

    Key Advantages of Crypto.com
    

    A Beginner-Friendly Crypto Exchange
    

    Crypto.com has seemingly managed to make most of the processes on their platform as simple and straightforward as possible, as evidenced by the numerous positive user reviews found online. The platform has optimized its site to be as user-friendly as possible, making it a great choice for those looking for an easy-to-use crypto-related platform.
    

    Buying Bitcoin on Crypto.com is a simple and quick process, both on the website and the app. This is an important factor, as many people may not realize how complicated and unintuitive some exchanges can be until they try them out for themselves.
    

    Nowadays, with the cryptocurrency market experiencing an unprecedented bull run, more newcomers than ever before are entering the industry. Unfortunately, many of these individuals have no idea how to use crypto exchanges or purchase the coins they desire.
    

    Crypto.com is the perfect choice for those just starting out in the crypto world, as it offers a simple-to-use, straightforward exchange platform for trading crypto assets such as IOTA, with optimal trading pairs and low maker/taker fees.
    

    Secure Platform and Reliable
    

    Security is an absolutely crucial factor to consider when looking for the best crypto exchange on the market. Without essential security features, there is a risk of hackers and thieves exploiting the platform and stealing all of the assets located on it. Unfortunately, there have been several instances of this happening in the past, even to some of the most well-known exchanges.
    

    If you’re wondering if Crypto.com is a safe exchange, rest assured that it is one of the most secure exchanges currently available. With its robust security measures, you can be sure that your funds are safe and secure.
    

    Crypto.com exchange utilizes two-factor authentication (2FA) as a mandatory security measure. This is one of the oldest and most effective security measures available, and it is still used by many exchanges today. By using 2FA, Crypto.com exchange ensures that its users’ accounts are kept safe and secure.
    

    Furthermore, here are other security aspects you can expect on Crypto.com:
    

      

    • Password
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    • Biometric Identification
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    • Email Verification
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    • Phone Verification
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    • Authenticator
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    Crypto.com is offering users 100% cold wallet storage for their funds. This is a unique feature, as many other exchanges only offer cold wallet storage for a portion of their users’ crypto assets. Crypto.com reviews and the company’s statements regarding their security measures are in agreement, making it a safe and secure exchange.
    

    24/7 Customer Support
    

    At Crypto.com, customer support is a top priority, as evidenced by the many positive customer reviews. With their team of knowledgeable and friendly support staff, Crypto.com ensures that any issues you may have can be quickly and easily resolved. So, if you ever run into a problem, you can rest assured that Crypto.com will be there to help you out.
    

    Crypto.com offers 24/7 customer support, with mostly live responses and a maximum wait time of a few hours. Customers have reported positive experiences with the helpful and communicative customer service staff.
    

    Appropriate Fees
    

    Crypto.com offers a tiered fee structure based on your 30-day trading volume (in USD). The more you trade, the lower your fees will be. This system allows users to benefit from reduced fees as their trading volume increases.
    

    Crypto.com offers competitive trading fees, with the rate depending on the user’s 30-day trading volume. For makers, the fees range from 0.04% to 0.1%, while takers pay between 0.1% and 0.16%.
    

    This exchange offers some of the most competitive fees on the market for both trading and withdrawing crypto assets. User reviews of the exchange show that the withdrawal fees are dependent on the crypto asset in question, but are generally quite reasonable.
    

    Credit / Debit Card Purchases – Available
    

    Using a credit or debit card to purchase crypto assets is a convenient and user-friendly way to start trading and exchanging cryptocurrencies. For those who are new to the crypto world, buying crypto with a card is a much faster and easier option than other methods. Crypto.com offers its users the ability to purchase crypto assets with a credit or debit card, making it a top-of-the-line crypto exchange.
    

    Convenience is key when it comes to purchasing cryptocurrency. Crypto.com makes it easy for customers to buy crypto assets with a credit or debit card, as well as via a bank transfer. Additionally, users can also trade cryptos for other cryptos, giving them the flexibility to choose the payment method that best suits their needs.
    

    Crypto-Based VISA Debit Cards
    

    Crypto.com offers users the ability to get and use crypto debit cards, a unique feature that is helping to make cryptocurrency usage more mainstream. The company has partnered with VISA to provide users with convenient and secure crypto spending solutions.
    

    The exchange also offers metal cards completely free of charge. However, to get one, you must purchase and hold CRO tokens (the native crypto token of the exchange) for at least 180 days. There are various tiers of cards available, each with different benefits, depending on the amount of CRO tokens you hold or stake. This is one of the most exciting features of the Crypto.com Exchange.
    

    Key Disadvantages of Crypto.com
    

    Mandatory KYC
    

    KYC (Know Your Customer) is a set of rules and regulations that most top-rated exchanges adhere to. These regulations require users to provide proof of their residential address and identity, usually in the form of an ID card or driver’s license, in order to use the exchange.
    

    Crypto.com is a secure platform, as it only allows legitimate crypto traders to use it, making it difficult for scammers and hackers to gain access. This ensures that users can rest assured that their funds are safe.
    

    If you want to take advantage of all the features of the Crypto.com exchange, you’ll need to verify your identity. However, there are many crypto enthusiasts who prefer to remain anonymous when trading and exchanging, which is the original idea behind cryptocurrency. Wherever you stand on this issue, one thing is certain: identity verification is required to use the Crypto.com exchange.
    

    Not the Biggest Number of Cryptocurrencies Available
    

    Crypto.com offers a wide range of crypto assets to trade, with over 50 different coins available on the mobile app. However, some users may be disappointed by the limited selection of coins compared to other exchanges, as Crypto.com’s core mission is to provide users with a secure and easy-to-use platform for trading and managing their crypto assets.
    

    Crypto.com is on a mission to become the go-to hub for crypto enthusiasts worldwide, as evidenced by their acquisition of the domain name. If you’re looking to become a successful cryptocurrency exchange, having a wide variety of assets is key. Crypto.com currently offers 50 different coins and trading pairs, but there are exchanges out there that offer over 100 coins and close to 800 trading pairs, making Crypto.com easily outshined.
    

    How to Use Crypto.com?
    

    Let’s now take a look at the actual usability of the exchange. We’ve already discussed how user-friendly the platform is, but let’s put it to the test and see how it performs in practice.
    

    How to Register on Crypto.com?
    

      

    1. Visit Crypto.com’s official website.
      2. 

    2. Click the Exchange button at the top of the page to be redirected to a dedicated section of the site for exchanging currencies.
      3. 

    3. Create an account by clicking the Sign Up button in the top-right corner of the page.
      4. 

    4. Fill out all the necessary details to complete the form.
      5. 

    5. Verify your email address now to complete the process.
      6. 

    6. Verify your phone number to ensure accuracy and security.
      7. 

    7. Log in to the website to complete the process!
      8. 

    

    The registration process for most exchanges is quick and easy, with no need for phone number verification. Signing up is a simple and straightforward process.
    

    How to Deposit Funds into Your Crypto.com Account?
    

      

    1. Log in to your Crypto.com Exchange account on your mobile device to access the latest cryptocurrency trading opportunities.
      2. 

    2. To comply with KYC regulations, Crypto.com requires users to pass verification and verify their identity. This process may seem tedious, but it is necessary to ensure the safety of your funds.
      3. 

    3. Verification times for exchanges can vary, but typically take only a few minutes to complete.
      4. 

    4. Once your identity is verified, you will be able to access the mobile exchange platform.
      5. 

    

    If you’re looking to buy cryptocurrency, the Trade button on our platform makes it easy. Simply select the cryptocurrency you’d like to purchase, add your card details, and you’re done!
    

    The KYC process can be time-consuming and frustrating, especially when the cryptocurrency market is volatile. It can take up to three days to complete the process and start buying cryptos.
    

    Conclusion
    

    We would generally recommend Crypto.com as a platform. However, there are a few issues that need to be addressed.
    

    Crypto.com is a great choice for those looking for a reliable and user-friendly crypto platform. With competitive exchange fees, helpful customer support, and a secure environment, Crypto.com is a great option for those looking to buy, sell, and trade cryptocurrencies.
    

    Crypto.com offers a convenient way to purchase cryptocurrencies, but the KYC verification process can be lengthy compared to other exchanges. If you’re looking for an easier and faster way to buy crypto, Coinbase and Binance are two of the top crypto exchanges on the market.
    

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.
    

    
			
    
		
    
		
	
  • 
		
		
    
			
    Gate.io Exchange Review (2023): A Massive Selection of Cryptocurrencies
    
			
    Gate.io Exchange Review (2023): A Massive Selection of Cryptocurrencies
    
			
    Gate.io, an esteemed cryptocurrency exchange platform launched in 2013, maybe the most prominent choice at first glance. Nevertheless, this review intends to examine the platform’s strengths and assess whether it is a viable option for cryptocurrency traders.
    

    Sign up here to get started
    


    What is Gate.io?
    

    Gate.io is one of the oldest and fastest-growing crypto exchanges in China, operating since 2013 and rebranded to Gate.io in 2017. It offers a wide range of services, including an Initial Exchange Offering (IEO) platform, numerous cryptocurrencies, margin trading with leverage, and other advanced financial services such as margin lending or borrowing. Despite having a powerful trading engine, the platform interface may feel cluttered and is not the best starting place for inexperienced investors.
    

    

    It offers a wide range of features, including spot trading, margin trading, and futures trading. While it has had some issues in the past, many users have praised its user-friendly interface, low fees, and wide selection of coins. However, some users have complained about slow customer service, lack of fiat currency support, and occasional technical glitches. Ultimately, Gate.io is a reliable and secure exchange platform that offers a wide range of features and coins, but it may not be the best choice for those looking for a platform with fiat currency support or fast customer service.
    

    Key Features of Gate.io
    

      

    • Numerous cryptocurrencies. Gate.io is recognized as an altcoin exchange due to its offering of 180 diverse cryptocurrencies and almost 400 cryptocurrency markets, but it exclusively deals with cryptocurrencies and does not handle fiat.
      • 

    • The platform’s functionality. Gate.io offers a wealth of features including trading in cryptocurrency markets, 10x leverage margin trading, margin lending or borrowing, participation in investment plans, investment in IEO’s through Gate.io Startup platform, perpetual swap contracts, and other functionalities.
      • 

    • Fees are reasonable. Gate.io, like most altcoin exchanges, charges a minimal fee. It is not the cheapest service on the market, but there are various discounts. Trade on the platform costs 0.2% of the entire order amount.
      • 

    • Security. The Gate.io team is security-savvy; CER ranked it as one of the top exchanges in terms of cybersecurity. Users can encrypt their accounts in a variety of ways, and the platform has a number of built-in security features.
      • 

    • Customer service. Aside from the 24/7 live chat available to all users, it also provides a large help database including a FAQ section and a New Use Guide. You can also file support tickets for more complex issues.
      • 

    

    Key Advantages of Gate.io
    

    Despite any negative aspects, let’s begin by highlighting the positive features of Gate.io. The exchange’s most significant advantage is its extensive support for various cryptocurrencies.
    

    More than 200 Cryptocurrencies are Supported
    

    Gate.io stands out from other exchanges by offering over 200 different cryptocurrencies for trading, which is highly valued by crypto enthusiasts interested in niche coins. As the crypto market continues to grow and attract more investors, exchanges have started to diversify their offerings to meet demand. Since Gate.io is one of the oldest exchanges in the industry, it’s not surprising that it has a broad selection of coins to choose from. Multiple customer reviews also highlight this as one of the exchange’s top features.
    

    

    Effective Security Measures
    

    When evaluating a crypto exchange, security should be your top priority, and Gate.io appears to be on the more secure side according to user reviews. They use both hot and cold wallets, with the latter being hardware devices that keep private keys and cryptocurrencies offline. (Tramadol)  In addition, the exchange offers two-factor authentication and specific notifications to keep users informed about account activity.
    

     
    

    Fees are Quite Low
    

    After perusing some user reviews of the Gate.io exchange, it’s apparent that their fees are one of the main reasons people choose to trade there. To understand why this is, let’s first discuss the two terms that frequently come up in discussions of exchange-related fees: market “makers” and “takers.” Makers place an order to purchase crypto at a set price, while takers buy instantly at the current market price. 
    

    

    Typically, makers and takers are charged different fees, with takers paying higher fees since they don’t have to wait for a certain price. However, with Gate.io, things are different. They offer a flat fee model where both makers and takers pay the same set fee, regardless of the circumstances. This fee is quite reasonable at 0.2%, which falls within the industry standard. Although withdrawal fees are a different story, as they depend on the specific cryptocurrency being withdrawn, Gate.io’s withdrawal fees for Bitcoin are around 0.0005 BTC, which is below the industry average and puts them on par with some of the top exchanges out there.
    

    Key Disadvantages of Gate.io
    

    Despite the various features discussed in this review, it’s important to note that not all Gate.io customer reviews are positive, with some users expressing concerns about the exchange.
    

    Purchases of Fiat Cryptocurrency are Not Permitted
    

    Gate.io is a popular crypto exchange, but it has one major drawback – it does not support fiat currency payments. This means that users can only purchase and trade cryptos on the platform with other cryptocurrencies. This can be especially frustrating for newcomers, as it requires them to purchase cryptocurrencies on another platform and then transfer it to Gate.io in order to trade. This can be a deal-breaker for many, as it adds an extra step and hassle to the process. The reason why Gate.io does not support fiat currency payments is that it is not a regulated exchange.
    

    Not a Regulated Crypto Exchange
    

    Gate.io is an anonymous cryptocurrency exchange, which means that the team behind it is unknown. While some crypto enthusiasts appreciate the decentralized nature of such exchanges, others are concerned about their lack of regulation and potential security risks. With no public team information available, it is difficult to know who is behind the exchange and whether they can be trusted.
    

    Additionally, Gate.io does not support fiat currency payments, which can be frustrating for new traders. This means that you can only purchase and trade cryptocurrencies on the platform with other cryptocurrencies. While the flat fee of 0.2% for both makers and takers is reasonable, there are also withdrawal fees to consider, which can vary depending on the cryptocurrency.
    

    

    Overall, the lack of transparency regarding the team and regulation status of Gate.io is a red flag for many traders. While the exchange may offer competitive fees and a user-friendly interface, the potential risks associated with unregulated exchanges cannot be ignored. As always, it’s essential to do your research and exercise caution when trading on any platform, particularly those with an unknown team and regulatory status.
    

    Previous Security Breach and Insurance Deficiency
    

    Gate.io experienced a security breach in early 2019, where a hacker stole hundreds of thousands of dollars worth of Ethereum Classic during a 51% hack. As expected, this kind of security breach is a major concern when choosing a cryptocurrency exchange. While it’s true that some exchanges have experienced hacking issues and have emerged relatively unscathed, it’s usually because they have some form of insurance. Unfortunately, Gate.io has no insurance whatsoever, as it is an unregulated exchange. 
    

    

    This is a major drawback for users, and it’s important to note that if your funds are stolen, there is no guarantee that you will get them back. Many Gate.io exchange reviews emphasize this point, and it’s something to keep in mind when deciding whether or not to use this platform.
    

    The Interface Is A Little Clunky
    

    While the Gate.io platform offers a variety of features, some users find the interface and trading layout quite complex and not user-friendly, according to user reviews. The overwhelming and cluttered user interface is a common complaint among new users who lack experience in trading on asset exchanges or brokerages.
    

    This could be a significant concern for inexperienced users who are not accustomed to the trading environment. However, Gate.io does offer a mobile app version of the exchange that seems to be optimized better than the desktop site.
    

    How to use Gate.io?
    

    We have now discussed the major advantages and drawbacks of the Gate.io exchange. It’s evident that this particular platform is quite divisive – while some users have shared negative experiences, others consider its decentralized and unregulated nature to be a pro rather than a con.
    

    Having said that, let’s take a more practical approach and assess how easy (or challenging) it is to register on the exchange. We’ll also discuss how to add funds to the exchange and purchase your preferred cryptocurrencies, and later sum things up.
    

    How to Register on Gate.io?
    

    First and foremost, here is the registration procedure.
    

      

    • Step 1: Go to the Gate.io official website and click Sign Up.
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    • Step 2: On the next screen, enter your country, email, and establish a username and password.
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    • Step 3: You must now create a fund password.
      • 

    • Step 4: You will now be prompted to confirm your email address.
      • 

    • Step 5: Once you have verified your email, you can simply connect to the platform and begin trading!
      • 

    

    When you first log in, you will be requested to input an email code for added security – this is a good thing!
    

    How to Fund Gate.io?
    

    Let’s get started with funding your account.
    

      

    • Step 1: Once logged in, navigate to the top-right corner of the screen and select My Funds under Account Settings.
      • 

    • Step 2: You will be automatically led to your Exchange Account at this point. The cryptocurrencies which you can deposit, withdraw, and trade will be displayed. As stated before in the Gate.io exchange review, you cannot deposit fiat money into your account or use it to purchase crypto coins.
      • 

    • Step 3: A Bitcoin wallet address will be generated for you in a matter of seconds. You can either copy-paste it or scan the QR code; just make sure to double-check the address in the wallet or exchange where you are depositing your Bitcoin!
      • 

    

    Now, the depositing process is actually pretty quick and simple, similar to the registration process stated before – this is something that is also agreed upon in most user Gate.io reviews.
    

    Conclusion
    

    In conclusion, the question remains – would I recommend trying out Gate.io? It’s a tough call, as there are better options available such as Binance and Coinbase. While Gate.io offers a vast range of niche cryptocurrencies, a mobile app, and reasonable fees, it has a shady past, lacks fiat payments, is unregulated, and has a clunky interface. 
    

    However, for those well-versed in crypto and interested in trading lesser-known assets, Gate.io might be worth considering, as it supports margin and leverage trading. It’s important to note that Gate.io is safe and requires some KYC verifications for withdrawing funds. I hope this review has been helpful in your decision-making process, and wish you the best of luck in your crypto endeavors.
    

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.