Fees

Taker fee

N/A

Maker fee

N/A

Withdrawal fee

Bitcoin Logo 0

Funding methods

Wire Transfer

Cross

Credit Card

Cross

Crypto

Yes

US Investors Permitted

Cross

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CryptoDerivatives Review

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 CryptoDerivatives consists of four parts: general information, fees, deposit methods and security.

General Information

CryptoDerivatives is a so called “decentralized exchange”. Decentralized exchanges are becoming increasingly more popular. They are definitely gaining market shares against their centralized counterparts.

Decentralized exchanges do not require a third party to store your funds. Instead, you always directly control your coins and you conduct transactions directly with whoever wants to buy or sell your coins. Decentralized exchanges normally do not require you to give out personal information. However, decentralized exchanges as opposed to regular top crypto exchanges normally have an order book with lower liquidity than the regular top crypto exchanges.

CryptoDerivatives Fees

The fees at CryptoDerivatives are a bit complex to calculate. This is due to the fact that the exchange offer other services than most regular cryptocurrency exchanges. These are the fees:

Role Action Gas Cost ETH Cost USD
Taker Buy Token 40,874 0.000817480 $0.0083
Maker Create Sale Contract 761,317 0.031213997 $0.3200
Maker (De)Activate Contract
Maker Add Tokens To Contract 51,720 0.001034400 $0.0100
Maker Withdraw Ethers From Contract 30,516 0.000610320 $0.0062
Maker Withdraw Tokens From Contract 39,504 0.000790080 $0.0081
Maker Withdraw Other Tokens From Contract

These fees should be considered as competitive.

We have not been able to find CryptoDerivatives’s withdrawal fees. This is potentially a risk for you as an investor. If they are not informed of anywhere we believe there is a higher risk that they are high).

Deposit Methods

CryptoDerivatives does not accept any other deposit method than cryptocurrencies. It is not really a good place to start for a new crypto investor. If you regardless would like your first crypto trading experience to be at CryptoDerivatives, you will first have to purchase cryptocurrencies from another exchange and then, as a second step, deposit them here.

CryptoDerivatives Security

The servers of decentralized exchanges normally spread out across the globe. This is different from centralized exchanges that normally have their servers more concentrated. This spread-out of servers leads to a lower risk of server downtime and also means that decentralized exchanges are virtually immune to attacks. This is because if you take out one of the servers, it makes little to no difference for the network of servers in its entirety. However, if you manage to get into a server at a centralized exchange, you can do a lot more harm.

Also, if you make a trade at a decentralized exchange, the exchange itself never touches your assets. Accordingly, even if a hacker would somehow be able to hack the exchange (in spite of the above), the hacker can not access your assets. If you make a trade at a centralized exchange, however, you normally hold assets at that exchange until you withdraw them to your private wallet. A hacker can therefore hack a centralized exchange and steal your funds held at such exchange.

As this exchange is a decentralized exchange, we feel that it is appropriate to award it a security score of A+ (regardless of its score in the Mozilla Observatory-test).

***

Finally, as mentioned above, this is a decentralized exchange. Decentralized exchanges are still a minority on the cryptocurrency exchange market, with the centralized exchanges still dominating the field (mostly due to better liquidity). In any event, if you’re looking for a decentralized exchange, you could also check out the following quite popular ones:

  1. DDEX
  2. Ethermium
  3. Cryptobridge
  4. Counterparty DEX
  5. Bibox
  6. EtherDelta
  7. AirSwap.io
  8. Fcoin Exchange
  9. Switcheo Network

CryptoDerivatives compared with other cryptocurrency exchanges