A trading cryptocurrency guide must 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 BL3P consists of four parts: general information, fees, deposit methods and security.
UPDATE 30 January 2018: This exchange is only open to new traders if they have an invitation code. Accordingly, we have marked this exchange as closed in our database. We will change this categorization as soon as the exchange opens up to the general public again. The exchange announced this development through the following press release:
BL3P is an offspring to Bitonic, a Bitcoin company founded in 2012. BL3P is based in the Netherlands. Netherlands, the home of Gouda cheese and tulips, is also the home of many cryptocurrency exchanges. There are too many to mention them all here, but the list includes LiteBit.eu, Bitonic and Bitrush.
The exchange is available to all European countries, but prohibits, inter alia, US-investors from trading on its exchange. So if you are a US-investor and want to trade at this exchange, you’ll have to you’ll have to reconsider your choice of trading venue and choose one of the other top crypto exchanges.
The exchange also proudly states on its website that they hold Dutch bank accounts to swiftly process euro transactions.
BL3P 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 trading 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. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at BL3P:
BL3P Trading fees
There are a number of top crypto exchanges who don’t charge different fees between takers and makers. Usually, it is called that such exchanges’ trading fees are “flat”. BL3P is one of them. It offers a flat trading fee of 0.25%. For investors who prefer to pick-up existing orders from the order book, this is surely a nice fee model.
BL3P Withdrawal fees
The exchange charges a withdrawal fee amounting to 0.0003 BTC when you withdraw BTC. This fee is below the industry average and thus constitutes a competitive advantage against the majority of other top crypto exchanges in the market.
This trading platform offers wire transfer as a deposit method, but you can’t deposit via credit card. This might of course be disadvantageous if you would prefer to use your credit card for any reason. Maybe you are looking to rack up those airline points or membership rewards point with your credit card? Well, then look elsewhere.
This exchange’s security score is C+, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is in line with 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):