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 Coinvertit consists of four parts: general information, fees, deposit methods and security.
The exchange is quite new and might fill a void on the Romanian cryptocurrency market especially after the oldest Romanian cryptocurrency exchange BTCxChange closed shop on 1 May 2018.
This trading platform is only available to residents of the European Union and Romania. Accordingly, all other investors may not trade on the exchange. So if you are a non-EU or non-Romanian investor and want to trade at Coinvertit, you’ll have to reconsider your choice of trading venue and choose one of the other top crypto exchanges. Don’t be too sad though, there are many other venues that offer the type of trading this exchange does. Use our Exchange Finder to find out where to trade crypto.
Coinvertit Trading fees
The fees at any exchange are very important to consider.
This cryptocurrency trading platform is different from most top crypto exchanges in the way that it does not offer trading between investors on the exchange. The only service offered is buying and selling BTC from and to Coinvertit itself. The spread between the price the exchange purchases BTC for and the price that the exchange sells BTC for is roughly 2.5%. This means that the purchase price offered by the exhange is approx. 1.25% lower than the prevailing market price, and that also the sell price offered by the exchange is approx. 1.25% higher than the prevailing market price. We strongly urge you to make you own analysis of the fees and price differences at Coinvertit before executing any transactions there and before concluding that Coinvertit is the best cryptocurrency exchange site for you.
Coinvertit Withdrawal fees
Considering how this exchange operates, withdrawal fees are irrelevant (they are included in the offered prices).
This Romanian exchange accepts deposits through wire transfer, but not through credit cards. Wire transfers are possible through national bank transfers (in Romania) and through SEPA-transfer (in the rest of the EU). We have not found any information on deposit fees. This usually means that there are no deposit fees but you can never be absolutely certain.
Coinvertit has a security score of F, 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):