As a beginner crypto trader, you don’t have to start from large exchanges. Typically, large exchanges tend to be intricate for beginners. However, you can learn how to handle large crypto exchanges. With time, you can get to know much about crypto trading, but you need to choose a trading platform that is easy to operate.
Cryptology is a crypto trading platform that is incredibly easy to use. It is suitable for beginners and even pro traders and investors. This review will give powerful insights into how simplicity can facilitate trading.
Here you will learn the principal elements of a good crypto exchange site, Cryptology’s features, and the pros and cons of crypto trading without fees for futures trading.
Characteristics of a Great Crypto Exchange platform
These are the elements that make a fabulous spot exchange and futures trading site;
An easy-to-use crypto exchange platform enables traders to operate fast. Remember, trading requires good speed. So, if the platform is fast and easy to use, then you will not get stuck while your coin is about to crumble.
- Low Fees
A good crypto trading platform should have low fees for rollovers, exit fees, and entry fees.
- Supported Countries
An ideal crypto exchange site should be available in almost all countries. It is a terrible experience to open your crypto trading account and set it up for the exchange only to be notified that the platform does not operate in your country!
If the platform lacks leverage, then it is not worth a try. You cannot increase your earnings while using a platform that lacks leverage.
- Number of Pairs Available
Crypto exchange sites with a reasonable number of pairs for exchange are the best choices. However, if the site has a few numbers of pairs, you can still trade with that.
- Easy Withdrawal
You will need to withdraw your money from the crypto exchange platform. If the withdrawal process is complex, you would better find a better site that offers simplicity and good transaction speed.
Cryptology review: the crypto exchange platform with zero fees for futures trading
Cryptology is a platform for crypto exchange and futures trading offering zero percent fees and a whopping $100 bonus for all new traders. According to the site, new traders will trade at 0% fees and receive the $100 bonus upon depositing their first $100 up to 30th September. This offer began on 3rd august with leverage up to 100X and will end on 30th September.
In this review, you will learn about the site’s sign-up, depositing, withdrawing, pros, cons, and much more.
New Feature Review: Cryptology Earn
This is a new feature that Cryptology launched in September 2021. It is a service that enables traders to earn passive income from various cryptocurrencies. Users can invest using bank cards. In addition, you can monitor daily income and withdraw your money or even re-invest it.
For example, if you invest in Bitcoin, you can earn up to 8 percent per year. Other stable coins such as DAI, USDC, or USDT get up to 15 percent per year. The good part about this feature is that users make free deposits.
The registration process is quite simple. You are required to fill in the sign-up form with details such as name, email, surname, and a strong password to secure your account. Alternatively, new users can join this trading platform using their existing Google account. You will also need to accept the site’s Terms of Service.
The platform has two sign-up choices. You can join as a personal or institutional account. However, the personal accounts are for trading.
The Trading account varies from the Global Wire accounts in such that you can deposit and withdraw as follows:
Global accounts can deposit fiat money and other cryptocurrencies through a bank card or even wire transfer. You can also withdraw fiat and cryptocurrencies, but only to the account, you utilized for depositing. On the other hand, the trading account allows users to deposit cryptocurrencies and fiat money. However, only cryptocurrencies can be withdrawn.
Global accounts can transact via wire transfer, while the trading accounts can deposit fiat money through Mastercard and Visa for the European Union.
The site employs a 2-step verification process. The first step grants you a $10,000 limit. To pass it, you should upload your driving license, government-issued ID, a selfie, and your passport. The second part verification step demands proof of address. If you pass this step, you will have no trading limits.
Spot Exchange & Futures Trading
Cryptology offers a simple and intuitive spot exchange and futures trading pages. The spot exchange page has your trade history, order book, a chart, and an order form that enables users to buy and sell on the market. On futures trading, you will get a similar platform, but the only variation is that you can choose leverage.
Cryptology Fees, Deposit, and Withdrawal options
Trading fees stand at 0.002, while the crypto exchange fees vary according to the trade volume. Fiat money deposits are charged 2.65 percent for a minimum of €20, RUB 1000, or $25 deposit via debit or credit cards. However, traders from Brazil pay fees ranging from 1.7 % to 3.6 % for deposits starting from $1.
EUR SEPA and wire transfer deposits have 0.45% fees for €1 and zero fees for €25 or $25 minimum deposits, respectively.
Concerning withdrawals, institutional accounts are charged a €7 fee for withdrawing with SEPA accounts. The minimum withdrawal amount is €50.
Cryptology offers global services except for Japan and the US.
Available Futures pairs on Cryptology
- BTC/USD Perpetual
- ETH/USD Perpetual
- EOS/USD Perpetual
- MKR/USD Perpetual
- SNX/USD Perpetual
- TRX/USD Perpetual
- XLM/USD Perpetual
- YFI/USD Perpetual
- BCH/USD Perpetual
- LTC/USD Perpetual
- ZEC/USD Perpetual
Spot exchange pairs:
Fiat money traders can use US dollars, Ruble, and Euros.
- Support-this site offers reliable customer support. You can get a fast response when you seek help from the operators. Typically, you will get help in not more than ten minutes.
- First $100 deposits get a $100 bonus
- 0 percent fees on futures trading
- Futures trading enjoy 100X leverage
- Globally available except in Japan and the US.
- Spot exchange does not have margins for trading.
- You cannot withdraw fiat money if you own a trading account.
In A Nutshell
With the help of the powerful insights shared in this cryptology review, you can make an informed decision. You have explored the various promotions that are currently active on the platform. You can join the site, verify your account, and start trading. The only drawback of the site is that you may not withdraw fiat money with a trading account.
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