Review on LakeBTC by Kehinde Oluwakemi
LakeBTC a cryptocurrency exchange Platform for almost 40 Fiat currencies
LakeBTC is a cryptocurrency Exchange platform that came into existence in 2013, and based in Shanghai, China. Is a trading Platform that offer Bitcoin and Fiat pairs and accept almost 40 Fiat currencies which is a very large Fiat currencies in Exchange
Trading with digital currencies did not require verification of identity on the platform while verifications is required for trading Fiat currencies and verification of identity required Full name, address, photos of government issued document like ( ID, passport, Driver's license), mobile phone number, proof of residency, and A selfie photo before an account will be verified
LakeBTC offer varieties of deposit method some are free while other fee are varies, depends on which deposit method choose. Withdrawal in Bitcoin are free while fees with other lakeBanker are vary depending on the fee submitted for review by users before placing a withdrawal request. It offer low trading fee of 0•2% for takers while makers pay between 0•15% and 0
The platform carry out series of security level such as Two Steps Verification, SSL encryption, SMS withdrawal confirmation, cold storage, Trade Notification and others to ensure proper safety of users funds. They can be reached through Email, phone call, social media, SMS and instant-
Pros
- It Offer low trading fee for both takers and makers.
- The platform has many deposit system.
- It accept almost 40 Fiat currencies in Exchange
- The platform is easy to use and secure to some extent.
- They can be contacted through many ways.
Cons
- US resident are not allowed to use.
- Slow service
