UPDATE 28 December 2020: This exchange is no longer active under the name CryptalDash, but has rebranded into DLTify. While the exchange is not dead per se, we have decided to move it to our Exchange Graveyard (with the reason being "Voluntary Shutdown") to avoid confusion.
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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 CryptalDash consists of four parts: general information, fees, deposit methods and security.
CryptalDash is one of the newest cryptocurrency exchanges from Ukraine (launched in July 2018). Many Ukrainian exchanges have launched prior to this one. The one with the highest rating among our visitors is currently BTC Trade UA that has been up and running since May 2014. Other exchanges from Ukraine include Liqui, Stocks.exchange and Kuna.
Neither Chinese investors nor US-investors may trade here. If you’re a US-investor, you can always use our Exchange Finder to find out which trading platforms that you are allowed to trade at.
This exchange primarily supports trading in the following cryptocurrencies: Bitcoin, Ethereum, USDT, Dimecoin and the exchange’s own token CryptalDash. The exchange will presumably add more cryptocurrency trading pairs in the future.
When looking at the road map on the exchange’s website, you can see that the exchange’s ambition was to launch cryptocurrency debit cards and native mobile apps during the second quarter of 2019. On the date of last updating this review (8 July 2019), neither of these things have been launched. It seems reasonable to assume that the exchange is simply a bit delayed in their endeavours.
Cooperation with Third Party Exchanges
The exchange states on its website that you can choose to either trade at CryptalDash, or via integrated third party exchanges (such as Binance, Poloniex, Bitfinex and Bittrex). At the date of writing this review (20 November 2018), these were the prices offered on Bitcoin and Ethereum on the abovementioned exchanges:
As is evident from the above picture, the prices were for some reason substantially higher on CryptalDash, thus benefitting the sellers but not the buyers of the relevant cryptocurrencies. The reason for the price differences remains unclear to us.
CryptalDash 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 CryptalDash:
CryptalDash Trading fees
This Ukrainian trading platform doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. CryptalDash charges 0.10% for most trades, regardless if you are a taker or a maker. The global industry average trading fee is arguably 0.25%, so CryptalDash’s fees are clearly lower than industry average. We are however seeing more and more exchanges moving towards lower trading fees, such as 0.10% or 0.15%. In any event, CryptalDash is not on the high side.
CryptalDash Withdrawal fees
CryptalDash's withdrawal fee is 0.0005 BTC per BTC-withdrawal. This fee is a bit below the industry average. The global industry average BTC-withdrawal fee the last time we at Cryptowisser did a full-blown empirical study of it was approx. 0.0008 BTC per BTC-withdrawal. But today, we see more and more exchanges charging 0.0005 BTC per BTC-withdrawal, so one could argue that 0.0005 BTC is starting to become the new industry average.
This trading platform offers wire transfer as a deposit method, but you can’t deposit via credit card. If you need to find an exchange also offering credit card deposits, you can always use our Exchange Finder or the filters in our Cryptocurrency Exchange List.