Cryptocurrency Exchange platform review: Cryptology

Cryptology is an app aimed both at beginners in the cryptocurrency exchange world to veteran investors. They rely on the app being an easy-to-use platform as a method to gather more users. But is it as easy-to-use as they say? We shall see. We wrote this review based on six characteristics that are important on any cryptocurrency service, and they are: Fees; Money Withdrawal Available Locations Available Trading Pairs Exchange Registration.

Fees

For a start, Cryptology is a cryptocurrency exchange platform where fees can be low as 0%. That's a massive plus for anyone that wants to enter the cryptocurrency space without any significant early loss. Also, if you are a new user, you can receive a $100 bonus. The current fees are about 0.002 for both makers and takers. If you exchange any other crypto available on the platform, the fee will depend on trading volume. They also have a 2,65% fee on credit and debit cards deposits, to a minimum of $25, RUB 1000, or €20. SEPA deposits, on a minimum of €1, have 0.45% fees. Verified users can also use wire transfer, for a minimum of $25 or €25, to no fees whatsoever. Different users from different countries might have other fee charges. But that's the staple on the Dollars, Euros, and Rubles.

Money Withdrawal

Withdrawing fiat money is only available to institutional accounts and SEPA accounts, with a minimum of €50 withdrawal, on a €7 fee. Cryptology is available worldwide, with the only exceptions being the United States of America and Japan.

Available Trading Pairs

Futures:

MKR/USD Perpetual ZEC/USD Perpetual SNX/USD Perpetual XLM/USD Perpetual YFI/USD Perpetual ETH/USD Perpetual TRX/USD Perpetual BTC/USD Perpetual EOS/USD Perpetual BCH/USD Perpetual LTC/USD Perpetual BTC/USD

Exchange

ZEC BCH XLM ETH USDC LTC TRX BTC USDT DAI BAT XRP

Usage

Cryptology has two leading cryptocurrency exchange trading platforms, the Spot Exchange and the Futures trading. Both of them are easy-to-use, so their reliability on it makes total sense. On both platforms, you have some features as: Trade History; TradingView-provided chart; Order Book; Order Form. It is important to say that the Order Form lets you choose between buying and selling at the market or limit price. The only difference between the two platform features is that you can set the leverage you want in the future trading platform.

Registration

Registration is very straightforward and similar to registering on other platforms on the internet. You'll need to give some basic information (Your first and last name, e-mail, and password) and agree with the Terms of Service of the platform. After registering, you might choose between two types of accounts. If you select the personal account, only the Trading Account will be available for you. While with the institutional account, you can also choose the Global Wire account. The difference between them is: Trading Account: it allows you to deposit both fiat money and cryptocurrencies. But, you can only withdraw cryptocurrencies from it. Global Wire account: with it, you can also deposit both fiat money and cryptocurrencies. But, with the advantage that you can also withdraw both fiat money and cryptocurrencies. You can only withdraw fiat money with the account you used for the deposit. You can deposit fiat money with Visa and Mastercard. But Global Accounts can only withdraw via the wire transfer method.

Verification

There's a two-step verification process that you can go through on the platform, they're: Basic verification: with this, you'll get a $10,000 limit. You need only to upload a picture of a document (passport, driver's license, or ID), along with a selfie next to that document. Full verification: you'll upload a proof of address. With this level of verification, you'll have an account with no limits whatsoever.

Cryptology Earn

Cryptology Earn is a new feature added to the platform. It's a service that provides passive income to the user. You can have earnings with cryptocurrencies and some stablecoins that are available on the platform as well. The user must use bank cards to make these investments. The feature also gives the user some tools to monitor, reinvest and withdraw their money if needed. Earnings will depend on what cryptocurrencies the user is choosing. It can be a 15% yearly yield on stable coins as USDT and DAI or 8% in cryptocurrencies like Bitcoins. Of course, as there are numerous options for investing, the yield percentage can vary a lot. These are just some examples.

Conclusion

With all this said. We can see that Cryptology is one of the best platforms of cryptocurrencies exchange for beginners. But, before we finish, let's see some pros and cons of Cryptology. Pros: Support: Their support is terrific. Their response is rapid (within 10 minutes), they help you with everything you need, they give very clear and easy-to-understand instructions and leave you with no further questions needed. We were shocked by this. Just amazing. Bonus: As we said before on the review, new users can have a $100 bonus upon registering on the platform. It gives you a safe place to exchange without being scared of money loss. Fees: They have an excellent range of fees. Some are even non-existing. Availability: Except in EUA and Japan, Cryptology is available everywhere. Order Size: Cryptology's order size is only $0.10 or equivalent on other currencies. It's one of the crypto platforms with a low price cryptocurrency exchange. Cons: Margin Trade: The platform doesn't have a margin trade feature. So, if that's your preferred option on trading, Cryptology might not be what you want. Withdrawal: They don't let you withdraw fiat money if you only have a personal account.