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 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. 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 Braziliex:
Braziliex Trading fees
Now to the fun part: the fees. There are also 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.
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):