Review on Exrates by Olugbenga Ajayi
The Exrates Exchange is secure and charges competitive fee
Excrates is an exchange fully registered in Switzerland although their headquarters is in Seychelles. The exchange has been in existence since 2016 and until now the exchange has remained one of those exchanges with large number of assets and currency pairs. This exchange has above 100 crypto assets on its platform and more than 600 pairs.
The exchange is reputable for its highly fast trading engine which can process 10,000 transactions per second. The registration procedure is not time consuming, infact KYC is not even compulsory.
Another positive spot for the exchange is there withdrawal fee which is far than the industry standard which is 0.0005 whereas the exchange only charge 0.0001. I also love the convenience with which top ups can be made. It accepts credit card, bank wire and cryptos.
For security, it uses two factor authentication and also keep most of the assets in cold storage.
Pros
- The interface is very intuitive and easy to navigate
- It uses cold storage to store user asset
- It accepts common deposit methods for top ups
- The withdrawal fee very low this highly competitive
- It does not compel KYC
- It uses high performance trading engine for speedy transaction processing
- It is an exchange that deal with many crypto assets and many trading pairs
- It is available on social media
Cons
- Team are not fully known
- There are reports that they mishandles customers account
