US investors permitted
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 Braziliex consists of four parts: general information, fees, deposit methods and security.
Braziliex is a cryptocurrency exchange headquartered in the land of football and beaches – Brazil. You might already have guessed that based on the name Braziliex. The land of samba and football (“soccer” for you Americans) is actually also a wasp nest of cryptocurrency exchanges. Among the biggest and most popular cryptocurrency exchanges from Brazil we find, inter alia, Bleutrade.
Braziliex does not forbid US-investors from trading on its exchange. Regardless, all US-investors should do their own independent assessment of any problems arising from their residency or citizenship. In a worst-case scenario, they may not be able to trade at one or several exchanges that would otherwise have been the best cryptocurrency exchange site for them.
Braziliex Trading fees
Now to the fun part: the fees. There are a number of top crypto exchanges who don’t charge different fees between takers and makers. Usually, we say that such exchanges’ trading fees are “flat”. This exchange is one of those exchanges. They offer a flat trading fee of 0.50%. Accordingly, they do not care about whether you are a taker or a maker. For investors who prefer to pick-up existing orders from the order book, this is a more attractive fee model.
Its trading fees for takers are 0.50% and this fee is above the industry average which is around 0.25%. One should consider whether the exchange has a strong offering to investors in other respects that outweighs the disadvantage of this somewhat higher trading fee.
Braziliex Withdrawal fees
Braziliex charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC, which is in line with industry average but not particularly low.
Braziliex offers wire transfer as a deposit method, but you can’t deposit via credit card. This might of course be disadvantageous if you want to flex your credit card for any reason.
Braziliex’s security score is C when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is roughly in line with industry average when it comes to top crypto exchanges.
If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, please use our Exchange Finder here to find out which exchange has the best cryptocurrency exchange site for you.