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  • 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.

  • 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.

    Sign up here to get started

    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.

  • Wirex Exchange Review (2023): A Convenient Solution for Crypto-Fiat Exchange

    Wirex Exchange Review (2023): A Convenient Solution for Crypto-Fiat Exchange

    Wirex is an underrated crypto wallet and exchange platform offering a wide range of features to its users. Read this Wirex review, consider all of the platform’s pros and cons, and make the best decision for yourself!

    Sign up here to get started

    What is Wirex?

    Wirex is an innovative app and payment card that allows users to send, receive, exchange, and spend a range of digital and conventional currencies. With the Wirex platform, users can make payments via its Wirex App and payment card, which support the spending of 9 cryptos including Bitcoin (“BTC”), Dai (“DAI”), Ethereum (“ETH”), Litecoin (“LTC”), Nano (“NANO”), Ripple’s XRP (“XRP”), Stellar’s Lumen (“XLM”), Waves (WAVES”), and Wirex Token(“WXT”). With Wirex, users can easily manage their digital and conventional currencies in one place, making it easier to send, receive, exchange, and spend money.

    It is a London-based digital payment platform that supports 16 fiat currencies and 3 payment methods. Founded in 2016, the platform is regulated by the UK’s FCA, the Bank of Lithuania, and Singapore’s MAS. It supports countries across Europe and the Asia Pacific, including the UK, France, Spain, Portugal, Germany, Italy, Poland, Czeck, Slovakia, Austria, Norway, Sweden, Denmark, the Netherlands, Romania, Australia, Hong Kong, New Zealand, the Philippines, Singapore, Taiwan, and Thailand. With Wirex, users can securely and conveniently make payments in 16 fiat currencies, including the Australian Dollar, British Pound, Canadian Dollar, Croatian Kuna, Czech Koruna, Euro, Hong Kong Dollar, Japanese Yen, Mexican Peso, New Zealand Dollar, Polish Zloty, Romanian Leu, Singapore Dollar, Swiss Franc, and U.S Dollar.

    Key Features of Wirex

    Key attributes of the Wirex platform include:

    The Customer Support team responds quickly: Customers can contact customer service by submitting a support ticket.

    Fiat Money: Users can send, receive, exchange, and spend any of the nine supported fiat currencies.

    Fees are competitive: There are no exchange fees and no multicurrency fees.

    Global Reach: Wirex is available in 130 countries worldwide and is rapidly expanding.

    Regulated: Wirex is supervised by the FCA, the Bank of Lithuania, and the MAS.

    Simple Registration Process: Registration takes only a few minutes, and the verification process takes no more than 5 minutes. Users can’t make deposits until the verification process is finished.

    Mobile Compatibility: The Wirex app is available for both Android and iOS smartphones.

    Key Advantages of Wirex

    With that said, let’s take a look at all of Wirex’s different features and highlight the best ones!

    24/7 Customer Support

    Wirex is a crypto wallet and exchange platform that provides 24/7 customer support. This is a rare feature in the crypto industry, and Wirex reviews show that users are very pleased with the customer service they receive. The support team is available all around the clock and can help with any issue, from Wirex Bitcoin withdrawals to debit card issues. Depending on the inquiry and account status, live customer support might not be available, but users report that response times are quick when submitting a ticket via the company’s official website. With Wirex, users can rest assured that they will receive the help they need, whenever they need it.

    Bitcoin Debit Card Available

    Wirex is a cryptocurrency exchange platform that offers its customers a unique feature – a Bitcoin debit card. The card is free of charge and can be used anywhere where Mastercard or Visa is accepted. It is based in GBP and is supported in almost 40 countries. On top of that, users can transfer up to £15,000 (or the equivalent in their currency) to the card. The best part is that users can receive up to 1.5% cashback in BTC through Cryptoback™ Rewards whenever they use the Wirex card as their preferred payment method. This is a great way to add to your Bitcoin balance without actively trading or exchanging BTC coins.

    Fully-Functional Crypto Exchange Features

    It is a great platform for crypto traders and hodlers, offering built-in exchange functionality and convenience. It allows users to purchase and exchange some of the main crypto assets with decent fees, all from the comfort of a single interface. It is especially useful for crypto newbies, as it eliminates the need to research and look for exchange or wallet alternatives. Wirex supports a limited list of crypto coins, but it is still a great option for those looking for a convenient and user-friendly platform.

    A Model with Reasonable Fees

    Wirex is a platform that offers a wide array of features and services to its users, including a wallet, exchange, and card. Account maintenance, card issuance, and card delivery are all free, no matter where you are in the world. As far as your account and card are concerned, the only fees involved are those related to card maintenance, which may not even apply in some areas. When it comes to the exchange part of the platform, Wirex offers competitive fees, with 0.5% for crypto-to-fiat conversions and 0.2% for crypto-to-crypto conversions. Additionally, Wirex offers a loyalty program that rewards users with up to 0.5% cashback on all purchases.

    The platform offers a range of services, including a debit card, wallet services, and an exchange. When it comes to top-ups, fiat currencies are free of charge, while crypto assets cost around 1%. When it comes to buying crypto, fees range from 1.5% to 2.5%. However, users can take advantage of Wirex’s native utility tokens, WXT, to reduce fees.

    A Cryptocurrency Exchange / Wallet on the Go

    Wirex is a mobile-oriented cryptocurrency platform that offers users the ability to purchase and sell select cryptocurrencies for fiat money. It also provides a web-based wallet to store coins. The platform is designed to be simple and easy to use, and is particularly well-suited for beginner crypto enthusiasts. User Wirex reviews point out that the dashboard is evidently designed for mobile users, and that the platform does not offer the same range of features and graphs as other high-end exchanges. However, it does provide the essential features that many users need.

    Key Disadvantages of Wirex

    To be honest, there aren’t many notable issues with Wirex! Let’s start with the most frequently discussed one: the platform’s lack of support for US-based customers.

    Supports Only a Few Cryptocurrencies

    Wirex is a crypto exchange platform that allows users to trade and store 9 different cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple (XRP), Stellar Lumens, Nano, Waves, Dai, and Wollo. While the selection of coins is relatively small compared to other exchanges, it does include the most popular coins, so a big number of crypto enthusiasts will likely be satisfied. Additionally, Wirex also supports its own native utility token, Wirex tokens.

    Account (Card) Maintenance Fee

    It offers users a range of features, including a crypto debit card and a BTC-based cashback through Cryptoback™ Rewards system. Previously, users were charged a monthly maintenance fee of $1.50, but this has now been removed with the launch of Mastercard support. This makes Wirex an even more attractive option for those looking for a reliable exchange with no strings attached. With competitive fees and a range of features, Wirex is a great choice for those looking to buy, sell, and store their crypto.

    How to Register on Wirex?

    Registering on Wirex is quick and easy, with users reporting that the process takes just a few minutes to complete.

    • Step 1: Go to Wirex’s official website and click the big “Join Wirex” button in the top-right corner.
    • Step 2: Select your country of residence, enter your email address, and create a password.
    • Step 3: The email verification stage follows; check your inbox and confirm your email address.
    • Step 4: After receiving your email confirmation, enter a 6-digit code to log into your account for the first time.
    • Step 5: After logging in, you will be asked to complete some KYC verification checks. This is standard practice with exchange-wallet platforms. The worst part is that you can’t even choose to fill out these forms later – if you click the “Continue Later” button in the top-right corner of the screen, you’ll be logged out automatically.
    • Step 6: Once you’ve completed all of the verifications and KYC requirements, as well as confirmed your email address and phone number, you’ll be redirected to your dashboard – that’s all there is to it! Wirex now allows you to trade cryptocurrencies.

    How to Buy Cryptocurrencies with Wirex?

    Buying crypto coins is easy and straightforward. All you need to do is fund your account via a wire transfer or select the fiat payment option when purchasing a specific coin. Once your account is funded, you can exchange fiat crypto without any further hindrance. Wirex provides all the necessary information on where to transfer your funds in the “Account Details” tab on the dashboard. With Wirex, you can buy crypto coins quickly and securely, without any hassle.

    All you need to do is select the crypto you want to exchange, and then the one you want to exchange it to. User Wirex reviews note the convenience of the platform, as well as its quick transaction speeds, good security measures, and straightforward exchange processes. However, it is important to check the exchange rates to make sure they are beneficial to you.

    Conclusion

    Wirex is a popular cryptocurrency exchange and wallet platform that offers users a convenient way to buy, sell, and store digital assets. It also features a unique Wirex debit card, as well as Cryptoback™ Rewards, which gives users up to 1.5% cashback in BTC. Despite some minor drawbacks, such as the lengthy registration process, Wirex is generally well-received by users, who praise its convenience and features. If you’re interested in what the platform has to offer, make sure to check it out! You can also explore other crypto wallet alternatives, even if you purchase cryptos on Wirex.

    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.

  • KuCoin Exchange Review (2023): Secured, Anonymous and Supports Variety of Cryptocurrencies

    KuCoin Exchange Review (2023): Secured, Anonymous and Supports Variety of Cryptocurrencies

    KuCoin is a secure and reliable cryptocurrency exchange, offering a wide range of coins and tokens to buy, sell and trade, making it the perfect choice for those looking to get started in the crypto world. In this KuCoin review, I will first give you a brief overview of the exchange’s history, then walk you through the process of making a deposit, tell you which coins you may deposit, explain the company’s verification procedure, and lastly list all of its benefits and drawbacks.

    EXCLUSIVE! Sign up HERE to get 20% off trading fees!

    What is KuCoin?

    KuCoin is a one-stop shop for all your crypto needs. Launched in 2017, the exchange has grown into one of the most popular crypto hubs online, offering bank-level security, a slick interface, and a beginner-friendly UX. With over 200 cryptocurrencies, 400 markets, and a wide range of services, KuCoin is the perfect choice for investors. It offers margin and futures trading, a built-in P2P exchange, the ability to buy crypto with a credit or debit card, instant-exchange services, and the opportunity to earn crypto by lending or staking via its Pool-X.

    KuCoin also offers some of the lowest fees in the market and generous profit-sharing incentives, with up to 90% of trading fees going back to the KuCoin community through its KuCoin Shares (KCS) tokens. With its tendency to list small-cap cryptocurrencies with tremendous upside potential, KuCoin is the perfect choice for investors looking to get in on the ground floor.

    Key Features of KuCoin

    KuCoin is a top cryptocurrency exchange offering a comprehensive suite of crypto services, including fiat onramp, futures and margin trading, staking and lending, P2P marketplace, IEO launchpad, and non-custodial trading, serving one out of four crypto holders worldwide.

    Here are some notable KuCoin features:

    Buy and sell cryptocurrencies with low fees: KuCoin is a top cryptocurrency exchange offering bonuses, discounts, and low fees of 0.1% per trade and even smaller fees for futures trading.

    Buy crypto with top fiat currencies: KuCoin allows you to buy cryptocurrencies with top fiat currencies, including USD, EUR, CNY, GBP, CAD, AUD, and more, using its P2P fiat trade, credit/debit card, Fast Buy service, and more.

    Outstanding customer service: Their website, email, ticketing system, and other channels all offer excellent customer care that is accessible around the clock.

    Bank-a-like security asset: KuCoin provides industry-leading security measures such as micro-withdrawal wallets, multilayer encryption, dynamic multifactor authentication, and dedicated internal risk control departments to ensure the safety of your data.

    KuCoin Futures and Margin Trading: With 100x leverage, you can go long or short on your favorite cryptocurrencies!

    Earn: Put your crypto to work and earn yield with KuCoin’s crypto lending, staking, soft staking, and KuCoin Shares (KCS) bonus.

    User-friendly and Intuitive platform: Trading is made simple and entertaining for everyone thanks to excellent design and a strong trading platform.

    Non-custodial trading: Arwen’s non-custodial trading feature on KuCoin allows you to securely trade cryptocurrencies directly from your private wallet.

    Key Advantages of KuCoin

    KuCoin Futures Trading for Both Beginners and Pro Users

    KuCoin Futures calculates the underlying spot price using the weighted price average from other exchanges like Kraken, Coinbase Pro, and Bitstamp. KuCoin Futures is a cryptocurrency trading platform that allows users to trade Bitcoin (BTC) and Tether (USDT) margined contracts with up to 100x leverage. It is designed for both beginners and experienced traders, with two versions of the platform available – the lite version for beginners and the pro version for more experienced traders. With KuCoin Futures, users can trade up to USD 10,000 worth of contracts with just USD 100 in their account. KuCoin Futures is a secure and reliable platform that provides users with the tools they need to maximize their trading potential.”

    KuCoin Design and Usability

    KuCoin is a modern and straightforward cryptocurrency exchange that is easy to use even for beginners. It is powered by a powerful API interface and a core trading engine that can handle millions of transactions per second (TPS). KuCoin offers spot trading of over 200 tokens and cryptocurrencies with low fees of 0.1% for both takers and makers. The exchange has a clean and straightforward layout, and users can switch between the old and new exchange interfaces. To make a trade, users need to go to the “Markets” tab and search for the market they want to trade. An extra security measure is the trading password, which must be entered to enter the trading window.

    Margin Trading with Up to 10x Leverage

    KuCoin offers users the ability to margin trade 36 USDT, BTC, and ETH denominated market pairs with up to 10x leverage. Margin trading on KuCoin allows users to long or short top cryptocurrencies such as Bitcoin, Ethereum, Litecoin, XRP, EOS, ATOM, Dash, Tron, Tezos, Cardano, and more. KuCoin’s margin trading feature is available directly on the spot exchange, where users can select margin trading markets and place margin trading orders. KuCoin’s margin trading feature is a great way for users to take advantage of market volatility and increase their profits.

    P2P Fiat Trade

    KuCoin P2P Marketplace is a convenient service that allows users to buy and sell cryptocurrencies like USDT, BTC, ETH, PAX, and CADH directly with other merchants. It supports various payment methods, including PayPal, Wire transfers, Interact, and other popular payment methods using most popular fiat currencies like USD, CNY, IDR, VND, and CAD. To use the P2P Marketplace, users must first verify their KuCoin account. With KuCoin P2P Marketplace, users can enjoy a secure, fast, and convenient way to buy and sell cryptocurrencies with ease.

    KuCoin Instant-Exchange

    KuCoin’s Instant Exchange is a fast and secure way to swap Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and XRP (XRP) for Tether (USDT) and Bitcoin (BTC). Established in partnership with HFT, the exchange service looks for the best exchange rates and is currently free of charge. With its advanced security measures, KuCoin’s Instant Exchange ensures a safe and reliable crypto-to-crypto exchange experience. With its user-friendly interface, users can easily and quickly exchange their cryptocurrencies without any hassle. So, if you’re looking for a fast and secure way to exchange your cryptocurrencies, KuCoin’s Instant Exchange is the perfect choice for you.

    Fast Buy Feature

    The KuCoin Fast Buy feature allows traders to quickly and easily purchase Bitcoin (BTC), Tether (USDT), and other cryptocurrencies using Indonesian Rupiah (IDR), Vietnamese Dong (VND), and Chinese Yuan (CNY) fiat currencies. This feature is great for traders who want to make low-fee crypto purchases using popular payment methods such as WeChat, Alipay, bank cards, and other fiat payment methods. KuCoin Fast Buy is a convenient and secure way to buy and sell cryptocurrencies with minimal fees and fast processing times. With its user-friendly interface and secure payment methods, KuCoin Fast Buy is the perfect choice for traders looking to quickly and easily purchase cryptocurrencies.

    KuCoin Earn

    KuCoin is a leading digital asset exchange that offers users a variety of staking and lending programs. With KuCoin Lend, users can earn up to 12% annualized interest rate on their digital assets by lending them out for the funding of margin accounts. Pool-X is a next-generation proof-of-stake (PoS) mining pool that lets users earn high yield for PoS cryptocurrencies like EOS, TOMO, ZIL, ATOM, KCS, XTZ, ZRX, IOST, TRX, and many others. Soft staking allows users to earn rewards for holding coins and tokens, with up to 15% annual yield and extremely low minimum deposits. KuCoin’s staking and lending programs provide users with an easy and secure way to earn passive income on their digital assets.

    KuCoin Spotlight IEO Platform

    KuCoin is a leading crypto exchange platform offering a wide range of services such as trading, staking, exchange, and swapping. It also has its own Initial Exchange Offering (IEO) launchpad, KuCoin Spotlight, which allows users to invest in new and exciting crypto projects. To participate in KuCoin’s IEOs, users must have a verified account and most offerings use KuCoin Shares (KCS) as the main currency of the crowdsale. KuCoin Spotlight has already funded 7 IEOs, including Tokoin, Lukso, Coti, Chromia, MultiVAC, Bitbns, and Trias. With KuCoin, users can access a secure and reliable platform to invest in the latest crypto projects.

    Non-Custodial Trading with Arwen

    With the Arwen client, users can trade on the exchange without having to worry about their funds being held in a third-party wallet. The Arwen client is available for Windows, macOS, and Linux-powered devices, making it easy for users to access the exchange from any device. KuCoin also offers a wide range of trading options, including spot trading, margin trading, and futures trading, as well as a variety of trading pairs. With its advanced security features and user-friendly interface, KuCoin is an excellent choice for both experienced and novice traders.

    KuCloud Advanced Technology Solutions and Ecosystem

    KuCoin is also developing its own native blockchain, KuChain, and a white-label technology solution, KuCloud, for launching spot and derivative exchanges. Additionally, KuCoin has a testnet, Kratos, and an ever-growing ecosystem powered by KCS and various partners. With its innovative initiatives, KuCoin is driving the adoption of crypto and blockchain technologies.

    KuCoin Security

    KuCoin is a secure and reliable crypto exchange platform that offers bank-level data encryption and security. The exchange employs specialized risk control departments and has partnered with Onchain Custodian and Lockton to ensure the safety of its crypto assets. To maximize account security, users can set up two-factor authentication, security questions, anti-phishing safety phrase, login safety phrase, trading password, phone verification, email notifications, and restrict login IP. It is recommended that users do not keep all of their funds in the exchange, but only what they can afford to lose.

    KuCoin Customer Support

    KuCoin provides 24/7 customer support to its users, with a helpful staff reachable via the Help Center, FAQ Center, Onsite chat, and Mobile app support. Additionally, users can join the exchange’s community on social media channels such as Facebook, Telegram, Twitter, Reddit, YouTube, Medium, and Instagram. KuCoin’s customer support is quick to respond and will help you with your queries within a few hours at most.

    KuCoin Deposits and Withdrawals

    KuCoin is an exclusively crypto-to-crypto exchange, allowing users to buy and sell digital assets without the need for fiat currency. It supports a variety of payment methods, and transactions are usually processed within one hour. Withdrawals are usually completed within 2-3 hours, but larger withdrawals may take 4-8 hours. KuCoin does not charge fees for deposits, and has a varying fixed fee for withdrawals. With its fast and secure services, KuCoin is the perfect platform for those looking to trade digital assets quickly and easily.

    Is KuCoin Safe?

    KuCoin is a cryptocurrency exchange that offers users a secure and safe platform to trade digital assets. The website is protected by an encryption protocol and has an internal risk department to ensure user funds are safe. Additionally, users can set up Google Authenticator for an extra layer of security. Although KuCoin has not experienced a hack, it is still a relatively new exchange and users should never keep large amounts of funds stored there. It is always much safer to withdraw coins back to a secure personal wallet. Overall, KuCoin is a safe and secure platform for users to trade digital assets.

    Who Should Choose KuCoin?

    KuCoin is a user-friendly cryptocurrency exchange platform that is simple to use. From making deposits to completing trades, everything is straightforward. The platform also has features to analyze pricing trends, such as candlestick bars. However, the average trading volume at KuCoin is in the tens of millions, which is a lot less than bigger exchanges like Binance. This could be a problem as low trading volumes can sometimes mean that there is not enough liquidity. KuCoin is a great option for those looking to exchange small amounts, but for larger quantities, it might not be the best choice. Ultimately, if the cryptocurrency you want is only listed on KuCoin, then you will have no choice but to use them.

    Conclusion

    KuCoin is a popular cryptocurrency exchange that offers a wide range of coins and tokens. It has a user-friendly interface and low fees, making it a great choice for both beginners and experienced traders. KuCoin also offers a mobile app, allowing users to access the markets on the go. The exchange is also secure, with two-factor authentication and a secure wallet. All in all, KuCoin is a great choice for those looking to buy and sell cryptocurrencies. It has low fees, a wide selection of coins, and a secure platform.

    EXCLUSIVE! Sign up HERE to get 20% off trading fees!

    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.

  • Poloniex Exchange Review (2023): Best for Buying, Trading and Selling Cryptocurrencies

    Poloniex Exchange Review (2023): Best for Buying, Trading and Selling Cryptocurrencies

    Poloniex, a self-proclaimed “legendary crypto assets exchange” offering low fees and optional identity verification. It is gradually regaining its place in the cryptoverse’s infrastructure with its relocation to Seychelles. In this review article, we will discuss all about Poloniex, from it’s key features, fees up to their pros and cons.

    Sign up here to get started.

    What is Poloniex?

    Poloniex is a self-proclaimed “legendary crypto assets exchange” that offers low fees and optional identity verification. What’s more, after changing owners in 2019, the exchange has relocated to Seychelles and adopted a more open, loosely regulated approach. By doing so, it allowed to offer a wider array of services, support more cryptocurrencies, and gradually get back towards being an important part of cryptoverse’s infrastructure. Despite a security breach in 2014, Poloniex remains a reliable and secure platform for trading bitcoin and altcoins. Finally, they also have the lowest fees in the industry.

    Poloniex is a cryptocurrency exchange founded by Tristan D’Agosta. Located in Delaware, USA, the exchange is highly regulated. In addition, it allows users to buy, trade and sell a variety of cryptocurrencies, including Bitcoin and Ethereum. What’s more, with daily trading volumes of over $100 million, Poloniex charges a fee for every trade made through their platform. Furthermore, these fees are paid by both the buyer and seller. With that, Poloniex is a popular choice for those looking to buy, trade and sell digital currencies.

    Key Features of Poloniex

    The key features of the exchange include:

    Trade over 60+ cryptocurrencies. From Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Tron (TRX), EOS (EOS), Monero (XMR) and many more. Get access to the world’s most popular digital assets and start trading today!

    Low Fees. Poloniex is renowned for offering some of the lowest trading fees amongst popular altcoin exchanges.

    Margin Trading. Trade with leverage on Bitfinex and get up to 2.5x more buying power with our low fee margin trading.

    Margin Lending. Poloniex offers margin lending, and then a way to earn passive income by loaning your crypto assets and collecting interest.

    Poloni DEX and IEO launchpad. Poloniex offer investors the opportunity to invest in the latest crypto projects. Moreover, Poloniex’s decentralized counterpart, Poloni DEX, investors can take advantage of the hottest new crypto projects and make the most of their investments.

    Easy Sign up and Fast Trading. Sign up and start trading on Poloniex in minutes without having to pass KYC checks. If you don’t have any cryptocurrency yet, you can easily buy some with fiat using Poloniex’s Simplex integration, though this will require you to verify your identity.

    Key Advantages of Poloniex

    Huge Range of Cryptocurrencies

    Poloniex offers a wide selection of cryptocurrencies, including major coins like Ripple, Steem, Monero and Bitcoin Cash, as well as smaller coins like BlackCoin, Bela and Burst.

    Good Selection of Tools

    Poloniex offers a comprehensive selection of trading tools, including candlestick charts ranging from 5 minutes to 4 hours, stop-limit orders, and the ability to zoom in and out of charts. The user-friendly interface makes it suitable for both beginners and experienced traders.

    Based in the U.S. with Strict Government Regulation

    Poloniex, based in the United States, is a secure and reliable cryptocurrency exchange. Furthermore, with strict government regulations in place, Poloniex takes every measure to ensure customer funds are safe and secure, and to prevent any criminal activity. As a result, Poloniex is a safe and reliable exchange for cryptocurrency trading.

    Liquidity

    Poloniex offers traders a high level of liquidity, particularly with its wide selection of altcoin pairings, making it an ideal platform for those looking to trade with minimal risk of volatility.

    No Transaction Fees

    Poloniex is one of the most competitive exchanges when it comes to fees, offering low-cost deposits and withdrawals with no additional charges. Unlike other cryptocurrency exchanges, Poloniex does not profit from your withdrawals, ensuring you get the most out of your trading experience.

    Reasonable Trading Fees

    Poloniex offers competitive trading fees, with a maximum fee of 0.125% for all trades. Furthermore, this fee is reduced for larger volumes, making it an attractive option for high-volume traders.

    No Complicated Verification Process

    Poloniex offers anonymous trading for those who do not wish to verify their identity, allowing users to trade up to $2,000 a day without the need for verification. This is a great advantage for those who want to trade without having to provide personal information.

    Wide Range of Customer Support Options

    If you need help with any issues, there are plenty of options available. Ticket support, email, and then live chat are all great ways to get assistance quickly. We personally prefer live chat as it allows for immediate support.

    Key Disadvantage of Poloniex

    Unreliable Security due to Previous Hack

    Poloniex, a popular cryptocurrency exchange, experienced a security breach in 2014 when 12.3% of their Bitcoin supply was stolen. The hacker discovered a bug in the system which allowed them to withdraw more than their actual balance. However, the exchange owner, Tristan D’Agosta, managed to pay everyone back by temporarily increasing trading fees and contributing his own money. Since then, Poloniex has taken security seriously and has not been hacked again.

    How To Use Poloniex?

    Creating an Account

    1. Firstly, visit Poloniex.com to in order to sign-up.
    2. Next is to click the “Create Your Account” button.
    3. Create an account by entering your country of residence, email address and choose a strong password.
    4. Confirm your email address with Poloniex by clicking the link in the email they sent you.
    5. and now you have created your own account on Poloniex!

    Deposit Funds

    1. To access your account balances, hover your mouse over the Balances tab at the top of the screen and click on the Deposits & Withdrawals option.
    2. Search for the cryptocurrency you want to deposit with on the right side of the page to view a comprehensive list of available coins.
    3. To purchase Bitcoin Cash, click on the ‘Deposit’ button located on the right side of the screen.
    4. You will be provided with a distinct deposit address for the cryptocurrency you are using to fund your account. Remember, each coin has its own address, so make sure you don’t send Litecoin to a Bitcoin Cash address.

    Conclusion

    If you have read this comprehensive Poloniex review, you should have all the necessary information to determine if Poloniex is the right cryptocurrency exchange for you.

    The ease of use of the platform is the most important factor when it comes to exchanging. The Platform’s user-friendly interface makes it easy to trade a wide variety of coins with minimal trading fees.

    For those looking to expand their cryptocurrency trading options, Coinbase, Binance and Kraken are highly regarded exchanges that offer a wide range of digital asset options.

    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.