UPDATE 1 August 2019: This exchange currently seems to be down. When we try to access the exchange’s domain, we receive a 503-message (“Service Temporarily Unavailable”). We have thus marked the exchange as “dead”, but will of course monitor the situation and provide any updates here.
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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 Cryptobulls consists of four parts: general information, fees, deposit methods and security.
Cryptobulls is an exchange with headquarters in Dubai (United Arab Emirates). The only other exchange that we know of from this country is RightBTC.
This exchange also has a referral program, through which you can invite users and then be rewarded for such invites. The reward will be 20% of the trading fees that the exchange charge the invited user. The promotion started on 5 March 2018 and is still going strong.
US-investors may not trade on this exchange. The reason for excluding US-investors are primarily regulatory reasons. The US-legal regime imposes obligations on many companies accepting funds from US-investors. Such obligations include, inter alia, preparing marketing material in accordance with SEC-standards and registering them with the SEC (which is a very burdensome process). 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 which alternatives you have.
Cryptobulls 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 Cryptobulls:
Cryptobulls Trading fees
The trading fees at this Dubai-based cryptocurrency exchange are 0.20% for takers. It also charges the makers 0.20%. The trading fees are thus so called “flat fees” as it doesn’t distinguish between takers and makers. This fee is slightly below the industry average. The industry average is arguably around 0.25%.
Cryptobulls Withdrawal fees
We have not been able to find any information on Cryptobulls’ withdrawal fees for BTC-withdrawals. This is very odd as the exchange clearly states its withdrawal fees for all of its other cryptocurrencies in this list. Why would you state your withdrawal fees for all cryptocurrencies admitted to trading, save for the absolutely biggest and most important one? This is potentially a risk for you as an investor (if an exchange does not inform of fees, we believe there is a higher risk that such fees are high). Accordingly, we strongly urge you to also make your own analysis of the BTC-withdrawal fees at Cryptobulls before depositing any funds there and before concluding that it is the best cryptocurrency exchange site for you.
At Cryptobulls, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors.
However, one should generally look out for the different deposit fees charged by exchanges for deposit of fiat currencies via wire transfer or credit cards. Whereas it might be indifferent to you whether you should deposit via wire transfer or credit card, it might be very different fees. Some exchanges charge a deposit fee of up to a staggering 11% for credit card deposits.
Cryptobulls’s security score is 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.
Finally, as mentioned above, this exchange supports credit card deposits (alone or through the use of any of its associated payment service providers). Other cryptocurrency exchanges that also have this option include: