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Review on Cryptopia by Daniel Stephen

Revainrating 3 out of 5

Crypto has many good attributes but I'm still skeptical about the exchange

Cryptopia is a cryptocurrency exchange platform based in New Zealand. Its purpose is similar to that of any other exchange, allowing users to buy, sell, and almost all other operations with cryptocurrencies. The trading fees are low, however they are consistent across all exchanges. It offers a marketplace where you can buy and sell cryptocurrencies, which is one of its key draws. . Hundreds of coins are supported by the trading platform, which is quite extensive. Their trading charge for both makers and takers is 0.2 percent, which is pretty reasonable given that it is lower than the industry average of 0.25 percent. The trading platform also allows for free asset transfers between users. Cryptopia was a transparent exchange platform for trading crypto and fiat currency until its 2018 breach, when more investors withdrew from performing basic transactions on the platform, resulting in a drop in trading volume. As a result, traders should not store funds they cannot afford to lose in the exchange

Pros
  • The transaction and trade fees are low
  • Multiple cryptocurrencies can be traded on the Exchange
  • It has a transparent trading interface
Cons
  • No mobile app
  • The exchange has been breached and funds went missing