Exrates is a cryptocurrency exchange operating in the digital market since 2016. During this time, it has gained a lot of regular customers and a good reputation as a platform which is best to learn to trade cryptocurrency.
Users do not need to pass the exchange verification — to start trading, they just need to register. Thus, clients are not obliged to send scans of documents and worry about the confidentiality of personal data.
There are basic tools for technical analysis on the site.
The trading commission does not depend on the trading turnover and is 0.2% of the funds received from the transactions. There are several types of orders, including stop loss.
Orders are placed in the same way as on most exchanges: the search for identical counter rates, then the order is automatically closed when it is found. If the order is not fully executed or if the trade is not found, it will have an active status according to the balance or the full amount. If an order is purchased at a value greater than the current sales order, the operation is executed at the cost of sale.
Deposit, withdrawal and exchange
The exchange uses cryptocurrencies and fiat money. Deposit and withdrawal of funds and their exchange are possible in USD, euros and rubles. For the deposit of funds users will have to pay 0.5% of the amount, which is quite a high commission compared to most similar sites.
Functions are implemented for transition of currencies (digital and fiat currency) between clients of the exchange. To carry out this operation, users need to enter the name of the recipient’s account, no additional information is not requested by the system.
- Security. Before the launch of the project, the potential errors that could cause personal data leakage, access to the accounts of traders and their financial resources were finalized and eliminated. The platform server is located on the site in Europe. Security is confirmed by SSL certificate, there is DDoS protection. The developers claim that they have developed a reliable distributed system that will protect customers funds from theft.
- Convenient interface. Experienced traders and third-party users who have no trading experience took part in the testing of the platform interface. This made it possible to take into account the characteristics and needs of all customers. The exchange is convenient for both an experienced trader and a beginner.
- Constant improvement of services, the introduction of new functionality and the expansion of trading opportunities. This is not just at the request of the Exrates team – it is based on the results of communication with customers, studying reviews and wishes.
- Customer support service, which operates daily, without weekends and holidays. This service employs professionals who can give quality advice and provide expert assistance to each client of the site. All appeals are processed promptly and with a clear purpose to help solve the problem.
- Referral system — users can invite a friend or partner to the exchange.
- Mobile applications for iPhone and Android allow users to analyze the trading situation, open and close transactions on their smartphone.