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Type of review

Revainrating 2 out of 5

Although Extrates is a site that offers exchanges with altcoins that you will not find anywhere else, it still seems a bit sketchy.

Exrates is a growing cryptocurrency exchange, founded in 2016. Currently, more than 450 trading pairs are available on Exrates with a total trading volume of $ 100 million per day. The goal is to make trading accessible to everyone and to provide all the necessary tools. The main distinguishing characteristic of Exrates is a processing speed of up to 10,000 transactions per second and 1,000,000 TCP connections. Exrates offers the possibility to exchange not only Top 100 coins, but also many…

Pros
  • This platform’s trading interface is simple, intuitive and it seems to have what a normal trader requires.
  • This exchange has also launched a so called “Prediction Service”, designed to faciliate trading. The Prediction Services function is aimed at predicting upcoming pumps and dumps.
  • Exrates' trading fee for takers is 0.20%. Makers enjoy a slight discount on the trading fee and pay 0.15% in trading fees.
  • At this exchange, you can deposit through both wire transfer and credit cards. That is, as long as you have an account at Perfect Money, Advcash Money, LiqPay, NixMoney, Privat24, Interkassa, Payeer or QIWI. The fiat currencies possible to deposit through those services are USD,EUR, UAH and RUB.
  • When trading on Exrates, you’ll encounter what the platform refers to as a “flat fee model.”
  • Exrates does offer a mobile application, which you can download on both the Android and iOS platforms.
Cons
  • There is little or no information on the exchange or the company that manages it. It is difficult to find precise data on deposit and withdrawal fees and other relevant business information. Unfortunately, this is all too common in the world of cryptocurrency.
  • Exrates provides trading for a large number of altcoins, however, the site does not allow for margin trading. Many of the more popular exchange offer this type of trading to their users.
  • The site lacks legitimate security features. When creating an account, no KYC information is requested. Upon account completion, Exrates never recommends that its users enact two-factor authentication to better protect their digital assets. This is a huge red flag when it comes to using the Exrates exchange.

Revainrating 4 out of 5

Exrates is platform exchange.

Exrates is a cryptocurrency exchange,they also offer trading access to various currency pairs, including fiat to crypto and crypto to crypto currency pairs.They seem to have a large trader.This seems to enable them to provide ample liquidity for most currency pairs.There isn’t much information available about this platform,however, its site tells us that the exchange is headquartered and registered in switzerland.The exchange also has a representative branch in Beijing, china.

Pros
  • Security is ensured through a system of two factor authentication.
  • Download for ios and android.
  • Kyc and aml is verify.
Cons
  • There is no team behind the exchange, at least not publicly.
  • Information on withdrawal fees is not available.
  • It does support a wide range of cryptocurrencies.

Revainrating 3 out of 5

Excellent for night operators

Exrates Traditional crypto exchange that has a variety of crypto assets on the market, the main currencies and the most popular tokens can be found on this platform. Having an acceptable support for its clients, which is one of the most important functions within a platform, since it also has good security both in the Exchange and in the user, which makes up for attacks from the saturation of servers and As for the user, it stands out with two-factor authentication, suffice it to say how it…

Pros
  • More than 100 crypto assets available on the Platform.
  • Excellent liquidity between the major exchange pairs.
  • Protect assets in offline wallet.
  • Acceptable customer service.
  • It has mobile versions.
  • Provides a very functional API for developers.
Cons
  • The design of the trading platform can be very complex.
  • The iOS version is not yet available.
  • It does not have market leverage.

Revainrating 2 out of 5

It is a site that offers trading with altcoins that you might not find…

It is a site that offers trading with altcoins that you might not find anywhere else, it still seems a little scrappy. The exchange is a little rough around the edges, and the fact that there isn’t much information about it puts us on alert. It is a great exchange for trading altcoins that aren’t found on other more popular exchanges. There is little information about Exrates and no security when using this exchange. It doesn’t use KYC or two-factor authentication, which are two huge red flags…

Pros
  • •Easy to use it’s completely straightforward when it comes to ease of use. •You have enormous of options when it comes to using fiat currency on it. •Multiple Languages. •The site does offer online chat and email as options for support. •iOS & Android apps are available. •You can expect the fees on buying, selling, and trading to be around 0.2%.
Cons
  • •It’s difficult to find proper data about deposit and withdrawal fees. •No information stand about the platform or the company running it. •The site does not allow for margin trading. •The site lacks legitimate security features, it never recommends that its users KYC & 2FA.

Revainrating 3 out of 5

Choose yourself - use this exchange or not. I personally used it earlier, but…

Choose yourself - use this exchange or not. I personally used it earlier, but later switched to another exchange, which I don’t regret

Pros
  • Clear interface, a large number of currencies. In fact, there are not so many advantages, this is a common exchange, there is nothing unusual here
Cons
  • I can say that you won't find bigger fees than on Exrates, I swear

Revainrating 3 out of 5

I use this exchange periodically. The usual exchange, not good and not bad…

I use this exchange periodically. The usual exchange, not good and not bad. Sometimes I don't understand how to use some of the features of Exrates.

Pros
  • Trade here if you want to save your money on transactions. The exchange shows a positive picture. Such important indicators show reliability.
Cons
  • There are many disadvantages. Transactions take a long time, logout after inactivity is quite annoying.