What is AidosMarket?
AidosMarket is a centralized cryptocurrency exchange that has been active since 2018. The exchange only offers trading in ADK (the exchange’s native cryptocurrency, the Aidos Kuneen) and Bitcoin. 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.
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:
The below is a picture of the price chart with the highest bid and ask orders in the bottom:
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
What about withdrawal fees then? Withdrawal fees vary dependent upon which crypto asset you are withdrawing, but they are normally a fixed amout of the relevant crypto asset, and not percentage based as the trading fees. The industry average BTC-withdrawal fee is 0.0006 BTC according to Cryptowisser.com's empirical studies.
AidosMarket charges 0.001 BTC per BTC-withdrawal. This withdrawal fee is around 60% above industry average and thus not a very competitive fee. It is however not sufficiently high for us to recommend any prospective user to stay away from this exchange. 0.001 BTC per BTC-withdrawal is not a "crazy high" fee and it is not unreasonable to believe that the platform will lower it going further.
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.