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Exchange Review Exchange

Exchange Fees

BTC Withdrawal Fee 0.0005 Taker Fee 0.075% Maker Fee 0.075%

Deposit Methods

Yes Wire Transfer Yes Credit Card Exchange is a cryptocurrency exchange platform with its head quarters in Hong Kong. It was launched by in 2019. It currently offers trading in over 200 different cryptocurrencies.

On the date of last updating this review (22 January 2023), had a 24 hour spot trading volume of USD 372 million according to This placed it on place 39 in's list of the exchanges in the world with the highest 24 hour spot trading volume. On the same date, Binance is listed as having a USD 16.4 billion 24 hour spot trading volume.

On 28 October 2021, released a commercial which has been very talked about in general media. It was called Fortune Favors The Brave, and was a segment in which Matt Damon endorsed has spent hundreds of millions of dollars in marketing the last 2 years. In addition to the ad with Matt Damon, they are/were also:

  • Sponsors of the 2022 World Cup in Qatar;
  • Sponsors of the Ultimate Fighting Championship (UFC);
  • Sponsors of the football club Paris Saint Germain; and
  • Sponsors of the F1-team Aston Martin Cognizant.   

Tired of reading? No problem, check out our video review of here:

One can imagine that the domain wasn't cheap to purchase... The domain was actually registered as early as 1993, by a cryptographer named Matt Blaze. He was working at AT&T with security for multiple computer systems. It is said that Matt early on expected that crypto would be a big part of the monetary system in the future.

In 2018, the domain was acquired by the company now running the Exchange (purchase price is not disclosed). The exchange itself was, as mentioned above, launched in 2019. 

Most crypto traders feel that desktop give the best conditions for their trading. The computer has a bigger screen, and on bigger screens, more of the crucial information that most traders base their trading decisions on can be viewed at the same time. The trading chart will also be easier to display. However, not all crypto investors require desktops for their trading. Some prefer to do their crypto trading via their mobile phone. If you are one of those traders that likes to use their mobile phone for trading, you’ll be happy to learn that offers the App. You can download it to/from both the AppStore and Google Play:

Picture of App

Every trading platform has a trading view. The trading view is the part of the exchange’s website where you can see the price chart of a certain cryptocurrency and what its current price is. There are normally also buy and sell boxes, where you can place orders with respect to the relevant crypto, and, at most platforms, you will also be able to see the order history (i.e., previous transactions involving the relevant crypto). Everything in the same view on your desktop. There are of course also variations to what we have now described. This is the trading view at Exchange, obtained on 22 January 2023: Exchange Trading View Updated

It is up to you – and only you – to decide if the above trading view is suitable to you. Finally, there are usually many different ways in which you can change the settings to tailor the trading view after your very own preferences.

Most crypto exchanges charge two different types of trading fees: taker fees and maker fees. The taker is the person who picks up an existing order from the order book. The maker, on the other hand, is the person who creates an order that is not immediately matched against an existing order on the order book. Makers are often rewarded for creating liquidity on the platform by a lower trading fee than takers. Exchanges that do not make a distinction between takers and makers charge what we call “flat fees”. Exchange charges only 0.075% for both takers and makers. According to the largest and most recent empirical study on crypto exchange trading fees, the average spot trading taker fee is currently 0.2294% and the average spot trading maker fee is currently 0.1854%.

This means that's trading fees are very competitive! You can also pay even less per trade if you stake CRO, and/or reach a certain trading volume during the preceding 30-day period, as further detailed in the below trading fee discount table: Exchange Trading Fee Discount Table Exchange charges a withdrawal fee of 0.0005 BTC per BTC-withdrawal. This fee is quite in line with the global industry average. The current global industry average is around 0.0004599 BTC per BTC-withdrawal according to this empirical study so a competitive offering by Exchange in this respect as well. Exchange Referral Program GIF, like many other exchanges, has a referral program. You can sign up to it here.

The Syndicate is an interesting feature of the Exchange, it is the fundraising platform from that offers the opportunity for crypto projects to list their tokens on the Exchange. Coin (CRO) holders will then be able to participate in The Syndicate and receive priority token allocation for up to 50% discount sales if you stake at least 5,000 CRO on Exchange. Users who stake 10,000 or more CRO for 6 months can even enjoy 20% APR paid in daily. See more details on Staking in the below section named - unsurprisingly - Staking Exchange The Syndicate

What is staking? Staking is when you are an active participant in validating transactions on a so called Proof of Stake-blockchain (PoS). In order to become a validator, you must "stake" a certain balance of the cryptocurrency that you are validating. In exchange for doing that, you receive compensation (staking rewards). Exchange is also among the crypto exchanges out there that offer so called staking services. Where the most common procedure for staking is that you choose a crypto to stake and a time period (flexible or 180 days are two common options), the APY (Annual Percentage Yield) at has a few additional layers. The amount of crypto you would like to stake also affects your APY. Finally, the amount of Cronos (’s native token – CRO) that you have also staked at the time affects the APY too. So a lot of different ingredients to Exchange’s staking soup. Generally speaking, the APYs offered by are not that high compared to the other options out there. Exchange Staking Services

You can start staking at their platform here.

If you’re interested in learning more about staking, the various staking types and where you can get the best staking rates, you can also have a look at our extensive Guide To Ethereum Staking. Exchange lets you deposit assets to the exchange in many different ways, through wire transfer, debit card, and of course also by just depositing existing cryptocurrency assets.

Seeing as fiat currency deposits are possible at this trading platform, Exchange qualifies as an “entry-level exchange”, making an exchange where new crypto investors can start their journey into the exciting crypto world.

According to information that we have received from the exchange itself, US-investors are permitted to trade here.



Are's fees high?'s fees are VERY low. They charge only 0.075% in flat fees (i.e. from both takers and makers) when you spot trade. And in their contract trading, takers pay 0.034% and makers pay 0.017%. Both the spot trading fees and the contract trading fees are substantially below the global industry averages.

What is the minimum deposit on

The minimum deposit at is 1 USD.

How long is the withdrawal time at

When we made a withdrawal from (USDT, on the ERC20-network), it took only 7 minutes. They do however state on their website that "withdrawals to an external address may take 2-3 hours to process".

Has ever been hacked? was hacked in early January 2022, as announced by the company on 20 January 2022. The hacker stole more than 30 million USD from 400 hacked user accounts. All of these accounts were however fully reimbursed by

Is secure?

While was hacked in January 2022, we still think that it is correct to say that the platform is secure from a user perspective, seeing as no user has ever lost any assets due to these hacks that weren't ultimately reimbursed.

Where is based? is based in Singapore (previously Hong Kong).

Which countries are restricted from using are one of the most restricted platforms out there. Users from ANY of the following countries/regions are restricted from using the platform (as of 16 February 2023): Afghanistan, Albania, Algeria, Andorra, Angola, Anguilla, Armenia, Aruba, Azerbaijan, Bangladesh, Belize, Benin, Bhutan, Bolivia, Bosnia & Herzegovina, Botswana, Brunei, Burkina Faso, Burma (Myanmar), Burundi, Cambodia, Cameroon, Cape Verde, Central African Republic, Chad, China, Comoros, Congo, Cook Islands, Cote d'Ivoire, Cuba, Djibouti, Dominica,East Timor, Ecuador, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Gaza Strip, Georgia, Ghana, Grenada, Guinea, Guinea-Bissau, Guyana, Haiti, Iran, Iraq, Jamaica, Kazakhstan, Kiribati, North Korea, Kosovo, Kyrgyzstan, Laos, Lebanon, Lesotho, Liberia, Libya, Macau, Madagascar, Malawi, Maldives, Mali, Marshall Islands, Mauritania, Mauritius, Mayotte, Micronesia, Moldova, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Namibia, Nauru, Nepal, Nicaragua, Niger, Pakistan, Palau, Palestine, Panama, Papua New Guinea, Russia, Rwanda, Saint Helena, Samoa, Sao Tome & Principe, Senegal, Sierra Leone, Solomon Islands, Somaia, Sudan, Suriname, Swaziland, Syria, Tajikistan, Tanzania, Togo, Turkmenistan, Tuvalu, Uganda, Uzbekistan, Vanuatu, Venezuela, Wallis and Futuna, West Bank, Western Sahara, Yemen, Zambia, Zimbabwe, New York State (USA) and Ukraine (Zaporizhzhia, Kherson, Crimea, Luhansk and Donetsk).