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Category: Exchange Reviews

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

  • 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

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    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.

  • Binance Exchange Review (2023): Is it the best exchange?

    Binance Exchange Review (2023): 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.
    • Offers the largest range of products and services with some not even found elsewhere.
    • Maintains insurance against theft and hacks.

    Key Features and Functions

    Binance (Binance.com

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

    • It supports over 1,000 different cryptocurrencies.
    • It has the highest trading volume in the world because it is so popular.
    • There is a platform called Binance Launchpad where new cryptocurrencies can be listed.
    • There is a Stop-Limit Function. This means that an order will be carried out when the stop price is reached. Then the stop-limit order becomes a limit order to buy or sell at the limit price or better.
    • Binance also has a lending service. Users can keep their cryptocurrencies on the exchange for a certain amount of time and earn interest.

    Binance US (Binance.us)

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

    • US regulation compliant
    • Has fiat to cryptocurrency trading pairs. Users can use USD to buy cryptocurrencies directly on the Exchange.
    • Bank account linking is available.

    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.

    Currently, Binance is based in multiple jurisdictions. Their main site offers support in English, Chinese, Korean, Japanese, Russian, Spanish, and French.

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    Supported Countries

    The international site Binance (Binance.com) is supported in most countries except the USA.

    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 and Payment Methods

    Binance (Binance.com)

    Binance supports trading over 1300 cryptocurrencies including its own cryptocurrency, Binance Coin (BNB). Learn more about Binance Coin (BNB).

    Binance accepts payments using credit card (Visa and MasterCard), debit card and cryptocurrency. However debit and credit card payments are restricted in the following locations:

    • US: New York, Connecticut, Hawaii, Georgia, New Mexico and Washington;
    • Several Chinese banks; and
    • Some countries entirely e.g. Afghanistan, Iraq and Libya.

    Users can only pay USD or EUR to buy Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH/BCHABC) or Ripple (XRP) using debit and credit cards on Binance.

    Binance is a crypto-to-crypto exchange only. So users must buy first the above cryptocurrencies using fiat, before they can trade with other cryptocurrencies on the Exchange.

    Binance US (Binance.us)

    Binance US only supports around 50 cryptocurrencies.

    Users can use their debit cards to directly transfer USD from their bank accounts into their Exchange account via ACH or wire transfer.

    Deposit and Withdrawal Fees

    On Binance.com fees are charged based on the cryptocurrency to be transferred. For example, Bitcoin (BTC) withdrawals cost 0.0005 BTC per transaction. There are no deposit fees.

    For fiat transfers, on Binance US, USD wire withdrawals cost USD15/USD35 for domestic or international withdrawals respectively. Deposits generally and ACH withdrawals are free.

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

    Trading 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 further Coinbase Fee depending on the transaction amount. Side note: did you know you can avoid their expensive withdrawal fees? Find out more at CoinBase Fees- How to Avoid Them?
    • Kraken: 0.16% (maker) / 0.26% (taker) 
    • Bittrex: 0.25% (maker and taker)
    • Poloniex: 0.15% (maker) / 0.25% (taker) (Note: Poloniex has discounted their fees to 0.00% until 31 December 2019)
    • OceanEX: 0.10%, discounts are offered for payments with their OceanEx coin.
    • KuCoin: 0.10%, discounts are offered for payments with their KCS coin.
    • Huobi: 0.20%
    • OKEx: 0.10% (maker) / 0.15% (taker)
    • BitMEX: -0.025% (maker) (i.e. a rebate is given) / 0.075% (taker). This Exchange however only deals in margin trading.
    • BitFinex: 0.10% (maker) / 0.20% (taker) 
    • BitMax: 0.085% (maker and taker) for larger market cap coins, 0.10% for other coins

    Binance KYC

    You don’t have to do the Binance KYC process to use the exchange. But if you don’t, you can only withdraw money, cancel orders, close positions and redeem. Binance has two levels of KYC: “Verified” and “Verified Plus”. To be “Verified”, you need to give your personal information and ID and do facial recognition. Then you can deposit and withdraw up to $50k a day. You can also deposit unlimited crypto, withdraw up to 100 BTC in crypto and do unlimited P2P transactions.

    To be “Verified Plus”, you also need to show proof of your address. You can do everything that “Verified” users can do. Plus, you can deposit and withdraw up to $200k a day.

    Controversies

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

    Binance hack: 7,000 Bitcoins stolen

    In May 2019, Binance told the public that hackers took 7,000 Bitcoins. At that time, they were worth about $40 million. The hackers used different ways like phishing and viruses to get users’ login information.

    Binance used its SAFU fund to pay back the users who lost money. The SAFU fund is an emergency insurance fund.

    Binance KYC Data Breach

    In August 2019, a hacker said they had a lot of Binance’s KYC data. They made Telegram groups to show the data. They wanted 300 Bitcoins from Binance or they would release more data. Binance said the data was from February 2018 when they used another company to do KYC. But some people say it was mostly Binance’s fault.

    Binance offered a reward to find the hacker. But the hacker hasn’t been found yet. Binance gave lifetime VIP membership and better trading fees and services to users who were affected.

    Binance accused of being a conduit for money launderers?

    Reuters found that from 2017 to 2022, people on a Russian darknet drug market called “Hydra” used Binance to send and get cryptocurrency payments worth $780 million. The website is only on the Darkweb and takes cryptocurrency for payment.

    Binance said the numbers were wrong and too high because they included indirect cryptocurrency flows. Binance also said they’re trying to get better at finding illegal activity on their exchange. They’re working with law enforcement to stop criminal networks that use cryptocurrencies.

    Since August 2021, Binance made their KYC rules stricter. Both new and old users have to show ID to use most features on the exchange. Crystal Blockchain found out that since Binance made their KYC rules stricter, the monthly total of funds linked to Hydra Market that went through Binance went down a lot. It went from over $30 million per month to less than $1 million per month in the first quarter of 2022.

    Is Binance safe in 2023?

    Binance is the world’s biggest exchange, so hackers want to attack it. They did hack it twice in 2019. But Binance has an insurance fund and provided proof-of-reserves to pay back victims of the hacks. Binance showed they have enough money to cover users’ assets 1:1 plus extra reserves. You can learn more about Binance’s reserves audit by checking out: Binance Audited by Mazars, Confirms Bitcoin Reserves are Fully Collateralized.

    Binance has been able to handle bad press and rumors. In December 2022, there were rumors that Binance didn’t have enough reserves for clients’ deposits. Many traders took their money out of exchanges. But Binance handled it well and paid everyone back.

    Tweet from CZ on 13th December 2022

    Is Binance safe in 2023? 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’s 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

    • Exchange with the world’s largest trading volume.
    • Track record of taking steps to remedy affected users when hacked.
    • Competitive trading fees.
    • Large amount of supported cryptocurrencies.
    • Offers lots of unique services and features.

    Cons

    • Creating a basic KYC-verified account can take up to 13 days.
    • Available in the US via Binance.US. But this has fewer supported cryptocurrencies and features.

    Sign up for Binance HERE!

    Binance 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: Binance offers a wide range of products and services, including powerful trading tools such as leveraged trading, options trading and a lending platform. Binance is always on top of adding new features and is able to respond quickly to events.

    Cryptocurrency support: Binance supports trading over 1,300 cryptocurrencies on its main site (Binance.com), including its own cryptocurrency, Binance Coin (BNB). However, Binance US (Binance.us) only supports around 50 cryptocurrencies. Although it is fewer than some other exchanges, Binance does have a strict vetting process before deciding whether or not to list a cryptocurrency.

    Trading fees: Trading fees for Binance.com and Binance US are generally 0.1% for makers and takers. However, users with larger trade volume or those who hold a specified amount of BNB are eligible to become VIPs and receive lower trading fees. Additionally, there is a 25% trading fee discount if fees are paid using BNB. Overall, Binance has competitive trading fees.

    Security: Binance has had some security breaches in the past, including a hack in which 7,000 Bitcoins were stolen and a KYC data breach. However, Binance maintains an asset fund as insurance and used it to fully compensate victims of the hack. Binance has also provided proof of reserves and has taken steps to improve its ability to detect illegal activity on its exchange. Overall, Binance is safe but it is important to avoid storing more cryptocurrencies than needed on exchanges.



    Binance Exchange Review




    Frequently Asked Questions (FAQs)

    Is Binance Jersey closed?

    Binance Jersey closed on 31st December 2020 at 23:59 UTC.

    What can I do if I still have funds on Binance Jersey?

    Users with remaining funds on Binance Jersey can contact Binance’s Customer Service Team to retrieve their funds.

    What is Binance DEX?

    Binance DEX (Binance.org) is also known as Binance Chain.
    Key features include:
    It is a decentralized exchange developed on Binance’s own Binance Chain blockchain;
    Users maintain custody and control of their private keys and funds. This means that users’ funds are much less vulnerable to hacks or exchange closures; and
    Only limit orders are accepted. Unlike other exchanges, Binance DEX does not match orders continuously. Rather, it matches open orders received using a periodic auction.
    Learn more about Binance DEX here.



    Does Binance require KYC?

    Users must complete the KYC process in order to access all the features on the Exchange. Those who have not completed the KYC process are limited to fund withdrawal, order cancellation, position close and redemption functions on the Exchange only.

    What is the difference between Binance KYC “Verified” and “Verified Plus”?

    For “Verified” status, users will need to submit their personal information, and government-issued identification document, and pass facial recognition. Verified Plus requires additional proof of address, but in return will be entitled to higher fiat deposit and withdrawal limits.

    How do I send Bitcoin to Binance?

    In your Binance account, go to “wallet”, then under “deposits” click on “crypto deposits”. Select “Bitcoin” and the network you wish to use. Note that different networks may charge different fees. You will see a string of numbers and letters which is your deposit address. Copy and paste this deposit address into the platform or wallet you want to send your Bitcoin from and follow the instructions there.

    How do I send crypto to Binance

    Your Binance account will have different wallet addresses for different cryptocurrencies. On your Binance account, click “wallet”, and under “deposits” click on “crypto deposits”. Select the cryptocurrency you would like to deposit and the network you wish to use to process the transaction. Copy and paste the deposit address into the platform or wallet you want to send your cryptocurrency from and follow the instructions there. Before sending, CHECK carefully the deposit address, amount, and network so as to avoid any losses.

    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
    • The Republic of Seychelles, Bermuda, Cuba, Crimea and Sevastopol
    • Iran
    • Syria
    • North Korea
    • 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
    • Dash
    • Ethereum
    • Ethereum Classic
    • Litecoin
    • Monero
    • Ripple
    • Tezos
    • 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. Register by providing your email address, password and country of residence, then click the “Register” button.
    3. Confirm your email address by clicking on the “Verify my Email” link.
    4. Simply enter your credentials and you’ll be automatically logged in.

    How to Make a Deposit on BitMEX?

    1. Verify your identity to deposit funds on BitMEX.
    2. Generate a wallet address to securely transfer assets.
    3. Deposit only Bitcoin – no other cryptocurrencies accepted.

    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

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    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. Bitcoin Cash
    3. Ethereum
    4. Litecoin
    5. Ripple

    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. 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.

  • 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.
    • Upbit’s ecosystem. Products, services, and features provide a comprehensive digital solution, making it an ideal platform.
    • 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.
    • Clean interface. The Upbit’s view is straightforward and uncluttered, offering users a simple and clean interface to execute trades.
    • 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.

    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.
    • 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.
    • Step 3. Navigate to your inbox and click the verification link. You have 30 minutes to complete this task.

    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.

  • 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.

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    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.
    • 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.
    • 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.
    • Crypto Credit. Secure up to 50% Loan-to-Value (LTV) with Crypto Credit – the safe and secure way to get a crypto loan.
    • 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.
    • 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.
    • 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%.
    • 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.
    • 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.
    • 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.
    • 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.

    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
    • Biometric Identification
    • Email Verification
    • Phone Verification
    • Authenticator

    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. Click the Exchange button at the top of the page to be redirected to a dedicated section of the site for exchanging currencies.
    3. Create an account by clicking the Sign Up button in the top-right corner of the page.
    4. Fill out all the necessary details to complete the form.
    5. Verify your email address now to complete the process.
    6. Verify your phone number to ensure accuracy and security.
    7. Log in to the website to complete the process!

    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. 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. Verification times for exchanges can vary, but typically take only a few minutes to complete.
    4. Once your identity is verified, you will be able to access the mobile exchange platform.

    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.

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    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.
    • Step 2: On the next screen, enter your country, email, and establish a username and password.
    • 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.

  • LATOKEN Exchange Review (2023): Estonia-based Cryto Exchange

    LATOKEN Exchange Review (2023): Estonia-based Cryto Exchange

    LATOKEN is an Estonia-based cryptocurrency exchange offering users a multi-asset crypto trading platform, financial services, FinTech, cryptocurrency wallet, and a neobank. In this LATOKEN review, we’ll take a look at the company behind the platform, exploring the platform’s features, supported cryptocurrencies, customer service, and more.

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    What is LATOKEN?

    LATOKEN, a cryptocurrency exchange based in Estonia, was founded in 2017 by CEO Valentin Preobrazhensky and three other experts. With a current staff of around 270 employees, LATOKEN has experienced rapid growth since its inception.

    LATOKEN offers users the ability to trade digital assets. It has evolved from its original goal of creating a multi-asset crypto trading platform to become a regular platform for trading digital assets with additional features.

    In addition to crypto trading, the company also offers users a range of financial services, FinTech solutions, a cryptocurrency wallet, and a neobank – an online-only banking service.

    LATOKEN is currently ranked 111th on CoinMarketCap based on its exchange score, but its daily trading volume places it much higher at around 60th position. CoinMarketCap’s Top-20 rankings in March 2019 saw HitBTC enter the list, showing that the exchange is a worthy competitor in the cryptocurrency exchange space.

    Key Features and Advantages of LATOKEN

    Additional Services

    LATOKEN is a cryptocurrency trading platform that offers more than just an exchange. It also provides users with digital wallets for their cryptocurrencies, loans, and other services. LATOKEN’s official website offers investors the chance to invest in startups on the world’s largest IEO Launchpad. Before investing, it is important to understand the risks and do thorough research to avoid potential losses.

    You can refer your friends to the platform and get rewarded. When someone signs up using your referral link, you’ll get a $50 credit that can be used to pay 25% of fees. Plus, you’ll get money when those people start trading.

    You can list your project on the LATOKEN exchange and take advantage of the referral program to attract organic traders, as well as improve the performance of your digital asset. Additionally, you can access more than 500k LATOKEN users worldwide via Data Room or Online Video Pitch and pitch to thousands of investors from the LATOKEN network. Furthermore, you can perform various tasks and earn crypto rewards for doing that.

    VCTV (Venture Capital Television) is the perfect platform to pitch your startup to investors. With its focus on technology and entrepreneurship, VCTV provides feedback and valuable contacts that can help you in the future. Currently, LATOKEN has 25 major investors.

    Wide Range of Assets to Choose From

    LATOKEN offers an extensive selection of cryptocurrencies, with more than 250 supported coins, including:

    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • USD Coin
    • EOS
    • Litecoin
    • and 250 more

    LATOKEN supports a wide range of cryptocurrencies, including the most popular ones such as Bitcoin, Ethereum, and Litecoin, as well as lesser-known tokens. However, it is important to note that some of these tokens may not be as reputable as the more popular ones, so it is important to do your own research before investing.

    Easy to Start Trading

    Usability is an important factor to consider when choosing a cryptocurrency exchange. If you are a beginner and have never used a similar platform before, you should pay attention to the platform’s user interface and how easy it is to use. After all, if you plan to use it regularly, it is essential to make sure that the platform is user-friendly.

    LATOKEN is a user-friendly platform that provides a range of services, including a trading platform, crypto wallet, IEO Launchpad, LADEX, and LA airdrop. The platform’s landing page makes it easy to find and access all of these services.

    This platform offers support for multiple languages, including English, Spanish, Chinese, Vietnamese, Portuguese, German, and Italian. You can easily select your preferred language from the drop-down menu at the top-right of the page. If you have any questions, the company’s customer service team is available to provide assistance.

    LATOKEN offers four levels of verification, each of which is required for different withdrawal limits:

    • Tier 0 – 1,000 USD/24h withdrawal limit.
    • Tier 1 – 10,000 USD/24h withdrawal limit.
    • Tier 2 – 100,000 USD/24h withdrawal limit.
    • Tier 3 – 100,000 USD/24h withdrawal limit and access to alternative tokens.

    For Tier 3 verification, you need to provide your contact information. From email, full name, phone number, and date of birth, as well as proof of your citizenship, residence, and identity. Additionally, you must submit a photograph and complete the corresponding questionnaire to complete the verification process.

    Focus on Security

    When selecting a cryptocurrency exchange, security should always be the top priority. Look for a provider that takes your privacy and security seriously, so you can be sure your account is safe and secure.

    LATOKEN is a secure cryptocurrency exchange that provides users with:

    • Encrypted keys
    • Password security 
    • Secure storage 
    • Data transmission
    • DDOS protection
    • 2FA verification 

    LATOKEN provides an online wallet for storing your cryptocurrencies. However, it is recommended to use a hardware wallet for added security as it does not store your private keys online. It encrypts your private keys with AES-256 encryption for added security.

    LATOKEN is renowned for its security measures, with 99.95% of users’ funds stored in cold storage using multi-signature technology and AES-256 encryption with a 256-bit key, which is considered virtually unbreakable. It ensures user security by using Salted SHA-256 encryption to protect passwords. This encryption method is enhanced with a random data addition, known as a salt, to make passwords more secure. Although SHA-256 is less secure than BCRYPT, SCRYPT, or Argon2, it still provides a reliable layer of protection.

    LATOKEN ensures secure data transmission through the use of encrypted Transport Layer Security (TLS) connections (i.e., HTTPS). Additionally, Two-Factor Authentication (2FA) is required for any changes to your account or withdrawals, providing an extra layer of security for users. Their advanced distributed system architecture provides protection against DDoS attacks, ensuring that trading on the exchange is not disrupted by external threats.

    Quite Average Trading and Withdrawal Fees

    LATOKEN offers competitive trading fees, with lower fees for market makers than market takers. This allows users to benefit from the best prices available on the market, while still enjoying lower fees than their competitors.

    LATOKEN prices for both market makers and traders:

    LATOKEN offers traders the ability to trade Perpetual Futures, which are contracts that agree to buy or sell a specific cryptocurrency at a future date for a certain price. With LATOKEN, the more you trade, the lower your fees will be, as fees are based on your 30-day trading volume.

    Futures trading offers the potential to capitalize on price volatility, but it can also be highly risky. Before making any decisions, it is important to ensure that you have a thorough understanding of the risks involved.

    LATOKEN also offers some of the lowest Perpetual Futures trading fees in the market, with the same fees for both makers and takers.

    LATOKEN regularly updates withdrawal fees based on market and blockchain conditions, and these fees are charged in the cryptocurrency you wish to withdraw. One example of LATOKEN fees are shown below:

    LATOKEN’s trading fees are generally average, but their withdrawal fees may not be as user-friendly. Additionally, there have been many negative customer reviews regarding the withdrawal process.

    Mobile Application

    The LATOKEN mobile app is available for both Android and iOS, making it accessible to all mobile device users. It has an impressive 4.2-star rating on Google Play and has been installed by over 500,000 people. The app includes both a cryptocurrency exchange and a digital wallet that can be created in minutes with just an email address and phone number. For maximum security, it is recommended to store your cryptocurrencies in a hardware wallet, also known as a cold wallet.

    If you’re looking for a secure way to store your digital assets, consider investing in a hardware wallet such as Ledger Nano X, Trezor Model T, or Ledger Nano S Plus. Alternatively, for an online wallet, Coinbase offers exceptional security measures.

    The LATOKEN app provides users with the necessary tools and features to grow their crypto assets and start trading. Additionally, users can take advantage of price alerts to ensure they never miss out on buying or selling cryptocurrencies at their desired price. Stay up to date with the latest crypto and blockchain news with the LATOKEN mobile app. Track the latest industry developments and make informed decisions about price fluctuations.

    The LATOKEN app update has introduced a new referral program that offers users a $50 credit on their accounts and daily cashback when people sign up with their referral link. This program provides users with an opportunity to generate extra income.

    Most customer reviews of the LATOKEN app are positive, with users praising its ease of use and the wide selection of lesser-known tokens available on the exchange.

    Multiple Support Options

    For those new to crypto trading, having helpful customer service to guide you through the process can be invaluable. Crypto exchanges are becoming increasingly popular, and there are many resources available to help beginners get started. When it comes to LATOKEN customer service, reviews are mixed. Some customers report that the customer service is reliable and helpful, while others have experienced long wait times for a response. It is unclear what kind of service to expect from LATOKEN.

    For instant assistance, LATOKEN customer service is available 24/7. You can contact their customer support team directly with your query. There’s also a live support widget on their platform for a more convenient experience. For any queries or issues, LATOKEN customers can easily submit a ticket via their ticket submission form. They can also join the official Telegram group for more answers. With multiple customer support options available, users can quickly and easily get their issues resolved.

    Overall, LATOKEN’s customer support has been met with mostly positive reviews, with more customers expressing satisfaction than dissatisfaction.

    Key Disadvantages of LATOKEN

    Negative Customer Reviews

    When selecting a product or service, it is important to read customer reviews. People who have been using the platform or service for a long time are the best source of information about its pros and cons. Upon researching Lotaken reviews, it has a low rating of 3.1 stars on Trustpilot. Almost half of the reviews being negative.

    Many users have reported that they have been scammed by this platform. They are claiming that they only received a fraction of the value they were promised when selling cryptocurrencies. Furthermore, customers have been unable to contact customer support for assistance, leaving them feeling ignored and frustrated.

    It is important to always keep your cryptocurrencies in secure hardware wallets to avoid any potential losses. Additionally, it is important to check the withdrawal fees of different assets applied by LATOKEN before making any transactions. Some users have reported paying high fees for their transactions.

    Many customers have left reviews on Trustpilot about their experiences with LATOKEN. The most commonly heard phrase being ‘LATOKEN scam’. Unfortunately, some users have reported being unable to withdraw their cryptocurrencies when they had thousands of coins stored in their accounts.

    How to Register on LATOKEN?

    The following steps are quick and easy to follow:

    1. Create an account on LATOKEN’s official website by clicking the Sign up button.
    2. Provide an email address and password to create an account. This information will be used to access your account in the future.
    3. Verify your account by entering the code sent to your email address for confirmation.

    After that, you’re done! It’s as simple as that to register and create an account on LATOKEN.

    Conclusion

    LATOKEN is a cryptocurrency exchange platform that supports more than 250 cryptocurrencies and focuses on security. However, there have been numerous customer complaints about the platform, with some claiming that it is a scam and that they have experienced issues when withdrawing money or that their assets have simply disappeared with no response from customer support.

    Before making a decision on whether LATOKEN exchange is the right choice for you, it is important to consider all aspects of the platform.

  • Paybis Exchange Review (2023): A Crypto Exchange in the UK with a Wide Range of Payment Options

    Paybis Exchange Review (2023): A Crypto Exchange in the UK with a Wide Range of Payment Options

    Paybis is a popular UK-based cryptocurrency exchange offering users a wide range of features and benefits, with many positive users reviews online. This article will provide an overview of the pros and cons of a particular exchange, discuss its usability aspects, examine the speed and ease of registration and account funding processes, and conclude with my own personal opinion.

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    What is Paybis?

    Paybis is a global cryptocurrency exchange that makes it easy for users to buy their first crypto. Launched in 2015, Paybis offers a wide range of cryptocurrencies that can be purchased with credit and debit cards, Neteller, Skrill, bank transfers, and Bitcoin. With services available in over 180 countries, Paybis is a reliable and secure platform for users to purchase their desired crypto. With its easy-to-use interface, Paybis is the perfect platform for users to get their hands on their first crypto.

    The founders created the platform to help people participate in the exciting world of blockchain. They offer a variety of payment methods and have a near-perfect score on Trustpilot. Their dedicated support team ensures that customers have a great experience and come back to use our service again. They are committed to providing a secure and responsive platform for buying and selling cryptocurrencies.

    Key Features of Paybis

    Paybis distinctive features include:

    A conversion calculator is very useful. To find out how much a specific amount of any offered cryptocurrency will cost you, simply enter the amount into the Paybis website’s calculator.

    Fast KYC procedure. The KYC procedure takes approximately 15 minutes, after which you are free to trade.

    FCA certification. The Financial Conduct Authority, the UK regulatory authority, has granted the exchange a license.

    Referral program. for each friend you refer to the platform, you earn 20% of the Paybis fees they pay—large customers who bring in many referrals or enterprise-level users can negotiate a higher percentage with the team.

    There are no wallets on the exchange. For security reasons, instead of keeping your funds in an exchange-hosted wallet, they are immediately transferred to your own wallet that you enter during the purchasing process.

    Coverage on a global scale. Paybis provides its services in over 180 countries worldwide, as well as 48 US states (the only exceptions being Hawaii and New York).

    Acceptance of credit/debit cards. Paybis is one of the few exchanges that accept these payment methods. To purchase cryptocurrency, you can also use Neteller and Skrill, as well as bank transfers, and even Bitcoin.

    Key Advantages of Paybis

    Paybis is a popular cryptocurrency exchange platform that has earned positive reviews from users for its reliable and secure services.

    A Very Secure Cryptocurrency Exchange

    When it comes to picking the best cryptocurrency exchange, security should always be the top priority. Many exchanges offer a wide range of features and offers, but if the security is lacking, it won’t matter. Most exchanges have some sort of insurance in place, but it’s better to be safe than sorry. Make sure to do your research and read reviews to ensure the exchange you choose is secure and reliable. Additionally, look for features like two-factor authentication, cold storage, and other security measures. By taking the time to find a secure exchange, you can rest assured that your funds are safe.

    It enforces strict KYC regulations, meaning users must pass extensive identity verification steps before they can make any major moves on the platform. Additionally, Paybis does not store cryptocurrency on its platform, making it a non-custodial exchange. This means users must possess a wallet of their own to transfer their funds after trading. All of these features make Paybis one of the most secure crypto exchanges in the industry.

    Around-the-Clock Customer Support

    This platform offers 24/7 customer support. This means that customers can get in contact with the exchange’s customer support at any time, no matter what issue they are facing. The customer support is friendly and patient and will help with any issue. Paybis is a great choice for those looking for a reliable and secure cryptocurrency exchange with excellent customer support.

    Accepting Fiat Payments!

    Paybis is a cryptocurrency exchange that allows users to purchase cryptocurrencies with both credit & debit cards and bank transfers. This is great news for crypto enthusiasts, as it eliminates the hassle of transferring coins from other exchanges or wallets. Paybis is also a legitimate exchange, as it supports KYC identity verification and fiat payments. Recently, Paybis has also added Apple Pay support, allowing MacBook, iPad, and iPhone users to purchase cryptocurrencies with just a single click. All of these features make Paybis a great choice for anyone looking to buy or sell cryptocurrencies.

    Fast Payouts

    Paybis is a platform that is known for its fast payouts. Customers have reported that transfers from the exchange to their bank accounts are processed quickly and reliably. This is a great feature for crypto enthusiasts who have experienced long wait times with other exchange platforms. Paybis also offers ETH packages, which is another great feature that customers have praised in their reviews. All in all, Paybis is a reliable and efficient exchange platform that is sure to meet the needs of any crypto enthusiast.

    Easy-to-Use Interface

    This platform offers a simple and straightforward user interface. Reviews of the exchange praise its simplicity and functionality, making it a great choice for those who are new to cryptocurrency trading. The platform is designed to be both simple and functional, with only the essential features and buttons. The interface is easy to use and makes buying Bitcoin (or any other cryptocurrency) quick and seamless. Paybis is a great choice for those who want a simple and straightforward cryptocurrency exchange.

    Now Supports a Variety of Cryptocurrencies!

    Paybis has expanded its list of supported cryptocurrencies, now offering a huge selection of coins and tokens. This includes BTC, DOGE, BNB, USDT (ERC-20 and TRC-20), ETH, LTC, USDC, LINK, YFI, SHIB, AXS, AAVE, ENJ, BAT, PER, SXP, CRV, NMR, HOT, SAND, KNC, MKR, COMP, WBTC, DAI, SUSHI, CHZ, UNI, XRP, BCH, XLM, and TRX. This is a much larger and more varied selection than before, allowing crypto enthusiasts to find what they’re looking for. With this expansion, Paybis is now one of the most comprehensive crypto exchanges available, offering a wide range of coins and tokens for customers to choose from.

    Key Disadvantages of Paybis

    Based on user Paybis reviews, let’s take a look at some of the less-than-ideal aspects of the exchange to get a better understanding of the platform.

    Some US Investors are Not Eligible

    Paybis is a UK-based cryptocurrency exchange, but unfortunately, US-based customers in the states of New York (NY) and Hawaii (HI) are not able to utilize the features of the exchange. Additionally, some restrictions apply to Texas-based residents. This limits the number of people who are able to use the platform drastically, as the exchange isn’t available in some other countries as well. Paybis is a great platform for those who are able to use it, but the restrictions on US-based customers are a major setback.

    Fiat Payment Fees are Expensive

    Paybis is a reliable crypto exchange platform, but it does come with a few drawbacks – namely, the fees. Purchasing cryptos with a credit or debit card will incur a minimum fee of $10, up to a transaction of $225, and a 4.5% fee for anything above that. Bank transfers start from 3.99%, and Skrill from 2.95%. Exchange fees range from 1% to 8.95%, and there are also “service fees”. All in all, Paybis is one of the more expensive exchanges on the market, but the additional features and reliability of the platform make it worth the fees for many crypto enthusiasts.

    How to Register on Paybis?

    Starting at the beginning, let’s sign up for the platform.

    • Step 1: Go to the official Paybis website and click Sign Up.
    • Step 2: On the next screen, you’ll be prompted to enter your email address and create a password.
    • Step 3: You will then be redirected to the platform’s exchange section, where you can begin purchasing your desired cryptocurrency.

    Talk about a smooth registration process, huh? That was lightning fast! Naturally, you should expect requests to confirm your email and pass KYC verification processes in due course, but the initial registration takes no more than 30 seconds!

    How to Purchase Cryptocurrency on Paybis?

    After you’ve registered on the site, the next step is to begin trading and purchasing your desired crypto assets. We’ll proceed from there because Paybis redirects you to the exchange section of their website upon registration.

    • Step 1: Choose your desired payment method and fiat currency, then enter the amount you’d like to spend to begin your cryptocurrency exchange transaction.
    • Step 2: Now, repeat the process in the “You receive” section as well. Here, you must select the cryptocurrency that you wish to purchase.
    • Step 3: After clicking Buy Bitcoin, you will be directed to a separate page where you will be required to complete some KYC verification processes. These procedures entail providing Paybis with proof of identity, a selfie, and your residential address.

    After that, you will be able to complete your transaction!

    Conclusion

    Paybis is a cryptocurrency exchange that is suitable for beginners in the field of cryptocurrency trading. It is not a scam and offers a simple and straightforward platform for users to buy and sell cryptos. However, advanced traders should take note of the high fees, lack of crypto trading options, and the fact that the site might be too simple. If Paybis is not suitable for your needs, there are other cryptocurrency exchanges available that may be better suited for your specific crypto trading wants and 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.