Review on CryptoMarket by Edmorich Koffi
CryptoMarket claims it is the first Ethereum exchange in Latin America.
CryptoMarket is a South American Ethereum exchange. It allows users to buy and sell Ether directly with their local currencies - Argentinian Peso, Chilean Peso, Euro, and Brazilian Real (as of August, 2018).
CryptoMarket offers a single account type with several levels of verification – Observer, Basic (up to $50 000 monthly), Trader, Institutional. Users with “Observer” level cannot trade on the platform. They need to level up to Trader level by undergoing verification and providing bank account information, and then they can trade up to $50 000 monthly. These are measures aimed to prevent money laundering.
Pros
- Trading against ARS, BRL, CLP and EUR, bank transfers supported.
- Advanced trading platform.
Cons
- Only Ethereum offered.
- High fees.
