A trading cryptocurrency guide must of course provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of AidosMarket consists of four parts: general information, fees, deposit methods and security.
It is unclear which country AidosMarket is from. This is not a red flag per se, but we recommend all visitors to be careful and form their own opinion on whether the exchange is a legitimate exchange our not.
AidosMarket does not explicitly prohibit US-investors from trading on its exchange, but all US-investors should still perform their own analysis of whether their home state imposes any legal obstacles to them trading at any of the top crypto exchanges that could be the best cryptocurrency exchange site for them.
This exchange only offers trading in ADK (the exchange’s native cryptocurrency, the Aidos Kuneen) and Bitcoin. If you would prefer a coin exchange with a more extensive selection of trading pairs, we recommend you to check out Changelly or KuCoin.
AidosMarket Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. This exchange, however, does not complicate things. At this exchange, there is only an order box. This makes it easily understandable for new crypto investors, while it might lack some features that more experienced traders look for. The below is a picture of the trading view at AidosMarket:
AidosMarket Trading fees
The fees at any exchange are very important to consider.
AidosMarket’s trading fees for takers are 0.20%. This fee is slightly below the industry average which is around 0.25% and thus constitutes a competitive advantage against the majority of other top crypto exchanges in the market and maybe even makes this exchange the best cryptocurrency exchange site for you. The maker fees are slightly discounted compared to the taker fees and are sitting at 0.18%.
AidosMarket Withdrawal fees
Also, AidosMarket claims to not charge any withdrawal fees at all for withdrawing BTC. This is a very strong competitive edge in the market and really distinguishes this exchange from most other top crypto exchanges.
AidosMarket offers wire transfer as a deposit method, but credit cards are not a permitted deposit method. This might of course be disadvantageous if you would prefer to use your credit card for any reason. However, as AidosMarket accepts deposit of fiat currencies at all, it distinguishes itself from many exchanges that only allows deposits in cryptocurrencies.
One might ask why security is even a feature that we at Cryptowisser have looked for at the different top crypto exchanges. The answer is two-fold:
- Exchanges store a massive amount of valuable personally identifiable information. From names to addresses, to government identification details, taxpayer identification number and a lot more; and
- Exchanges handle of course a lot of cash or coin deposits and withdrawals.
AidosMarket has a security score of D, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.
The exchange reviewed above is what we call an “entry-level exchange”. This means that this exchange also makes it possible for someone to enter the cryptocurrency market with fiat currency. There are numerous entry-level exchanges out there, including (but not limited to):