Review on Lykke Exchange by Adedayo Adeniji
LYKKE EXCHANGE
Lykke Exchange is a Switzerland based cryptocurrency exchange that offers you financial products and services at the level of B2C and B2B. Lykke Exchange offers you as a trader a zero fee both as a taker and as a maker, trading pairs of about 56 and a possibility of foreign exchange trading.
Lykke Exchange's competitiveness has resided in its fees, as it charges you zero trading fee, it also charges 0.0005 as withdrawal fees which is comparatively low as related to the industry's average.
Lykke Exchange allows fiat deposit through wire transfer and credit card, this has qualified it to be an entry level exchange and accepts new investors, although US investors are not allowed to participate. It supports about 46 cryptocurrencies and has a trading volume of $775,578.
Lykke Exchange is a good exchange to trade with as its liquidity record is fair.
Pros
- It offers multiple trading pairs
- It charges zero trading fee
- Its withdrawal fee is competitive
- It supports good variety of assets
- It accepts wire transfer and credit card fiat deposit
- It offers forex trading
- Its technical support is available 24/7
Cons
- It doesn't allow US investors
- It supports KYC and AML verification standards
