Exchange Review
This exchange has been flagged as inactive. There are many reasons for being flagged as inactive. We recommend you read the text below to understand why has received the inactive flag.

Exchange Fees

BTC Withdrawal Fee 0.00021 Taker Fee 0.25% Maker Fee 0.15%

Deposit Methods

Yes Wire Transfer Yes Credit Card

UPDATE 11 June 2021: has decided to discontinue its exchange services. They announced this information through the following message on its website:

Covesting Dead Message

Accordingly, we have marked this exchange as "dead" and moved it into our Exchange Graveyard. If it would start up its operations again, we will revive it and bring it back to our Exchange List.

To find a reliable exchange where you can start an account, just use our Exchange Filters and we'll help you find the right platform for you. is a cryptocurrency exchange registered in Gibraltar. In our Cryptocurrency Exchange List, there are only two exchanges registered there: this one, and GBX Digital Asset Exchange. For reasons that we will describe more thoroughly in this review, we prefer this one – has received a license to operate a cryptocurrency exchange from Estonian authorities. Also, they have received an additional license from the relevant authorities in Gibraltar. This shows that they are focused on being compliant with regulations and operating a transparent and secure exchange.

Covesting Licenses offers trading in all of the bigger cryptocurrencies (and some smaller ones as well).

The platform has also given a lot of focus to its support function. Support is apparently open 24 hours a day, 7 days a week, and is avaiable in several different languages. This is of course very helpful to you if you would ever encounter any issues when trading at this exchange.

Covesting Support Function

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 Trading View

There are two features that this exchange offers or will offer that we find particularly interesting: liquidity aggregation and “copy-trading”.

Liquidity Aggregation means that will offer the opportunity for its traders to benefit from the order books also from a select group of other cryptocurrency exchanges. This will create an unusually deep order book for a new exchange. It will also expand the range of digital assets possible to trade at the exchange and ensure fair pricing.

Copy-trading is a quite unique function that will be available at Through the copy-trading function, unexperienced traders can simply “copy” the trading strategies and trading movements of more experienced traders. Or anyone, really. By doing so, the new traders can piggy-back on the successes of more savvy cryptocurrency traders. The experienced cryptocurrency traders that let other traders follow their investment strategy can earn additional income by letting other traders do just that. What a feature!

Unfortunately for US-investors, they can’t trade at The reason for that being the legal uncertainty surrounding cryptocurrency companies in the US. are however exploring what to do in order to offer the services also to US-investors. One such way they have announced that they are exploring is to obtain a Bitlicense from the state of New York. In the meantime, US-investors can find another exchange to trade at by using our Exchange Finder.

Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers are so named because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers’ orders with their own.

At, takers pay 0.25% and makers pay 0.15%. Makers are thus provided a discount for being makers. These fees are both in line with industry average (possibly with the maker fees actually being on the low end of industry average).

Finally, it should be noted that many exchanges have trading fees that are reduced as volumes are increased, meaning that you are incentivized to trade in higher volumes. The fees listed in this review and in the comparison table are excluding any such volume discounts.

Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. Not though! only charges the network fee when you withdraw cryptocurrency. This fee is below the industry average and thus constitutes a strong competitive advantage against the majority of other top crypto exchanges in the market. The global industry average withdrawal fee for cryptocurrency exchanges is 0.0008 BTC when you withdraw BTC. accept deposits of fiat currency, both through wire transfer and credit card deposits.