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 CryptoMarket consists of four parts: general information, fees, deposit methods and security.
CryptoMarket is a cryptocurrency exchange from the Republic of Chile. US-investors may not trade on this exchange. So if you are a US-investor and want to trade at CryptoMarket, you’ll have to reconsider your choice of trading venue and choose one of the other top crypto exchanges.
This exchange primarily promotes three things as key benefits with its platform. First off, the platform is simple to use. Second, it is trustworthy. Finally, it is safe. All of these features are naturally very important to any prospective user of the platform.
CryptoMarket also offers its trading platform as a mobile application. Regardless of whether you have an iPhone or an Android phone, you can download the exchange’s application to your phone.
CryptoMarket 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. In spite of a lot of attempts, we have not been able to acquire a view of the trading interface at CryptoMarket. This is because we have not been able to create an account with this exchange. We apologize for any inconvenience this may cause.
CryptoMarket Trading fees
Always check the fees! This exchange doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. Their flat fee is 0.70%. Compared with the global industry average, this is a very high fee. However, compared to other Chilean or Brazilian cryptocurrency exchanges, it is more reasonable (still a bit on the high end though).
CryptoMarket Withdrawal fees
This exchange does not seem to charge any withdrawal fees at all for withdrawing BTC. This is a very strong competitive edge in the market and – if true – really distinguishes this exchange from most other top crypto exchanges.
This particular trading venue offers wire transfer as a deposit method, but you can’t deposit via credit card. This of course negative news to you if you would prefer to use your credit card for any reason. However, as the exchange accepts deposit of fiat currencies at all, it distinguishes itself from many exchanges that only allows deposits in cryptocurrencies.
CryptoMarket’s security score is C-, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is in line with industry average when it comes to top crypto exchanges.
The exchange reviewed above is what we call an “entry-level exchange”. This means that this exchange also makes it possible for someone to enter the cryptocurrency market with fiat currency. There are numerous entry-level exchanges out there, including (but not limited to):