UPDATE 13 November 2019: We have not been able to access the website of this exchange lately, in spite of several attempts. We have marked this exchange as “dead” and will revive it as soon as it is back online.
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Dach Exchange Review
A crypto exchange guide must provide reviews of all of the exchanges out there, so that you can find the right one for you. This review of Dach Exchange consists of four parts: general info, fees, deposit methods and security.
Dach Exchange is an exchange from the United Kingdom that launched in 2019.
If you look at the trading volume of this particular platform, it is (according to info from CoinGecko) non-existent. This was when we check on the date of writing this review (13 November 2019). The info from CoinGecko could naturally be incorrect, but it usually isn’t. So, if you’re a potential user of the platform, be careful.
This trading platform does not prohibit US-investors from trading, but US-investors should still do their own independent assessment of any problems arising from their residency or citizenship.
Dach Exchange 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 crypto 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 see that it feels right to you. As the exchange’s site was down when we were to obtain a printscreen of the trading view, we have not been able to obtain it. We apologize for any inconvenience this may cause and promise to post the trading view here as soon as we get hold of it.
Dach Exchange Fees
Dach Exchange Trading fees
The most important lesson to learn when it comes to picking the right platform is that you must always check the fees. Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order.
This exchange’s trading fees for takers are 0.20%. This fee is below the industry average, which is arguably around 0.25%. One of this exchange’s strong offerings is that the exchange also charges a low fee for makers, namely 0.10%.
The above maker/taker fee model promotes the liquidity at the exchange and is a strong aspect for this platform.
Dach Exchange Withdrawal fees
TokensNet charges a withdrawal fee amounting to 0.0004 BTC when you withdraw BTC. This is below the global industry average with roughly 50% (seeing as the global industry average BTC-withdrawal fee is 0.000812 BTC per BTC-withdrawal).
All in all, the fees here are decent.
Dach Exchange does not accept any other deposit method than cryptos, so new investors are restricted from trading at Dach Exchange. If you are a new crypto investor and you wish to start trading here, you will have to purchase cryptos from another exchange first and then deposit them at this exchange.
To find an exchange where you can deposit fiat currency, just use our Exchange Finder and we’ll help you through it.
Dach Exchange Security
We run all the exchange-websites in Mozilla’s Observatory-test (https://observatory.mozilla.org/). The score in such test is one of many indicators of the exchange’s security. Dach Exchange received an F- score in this test. This should however be viewed in light of the fact that F is the Mozilla Observatory-score received by the majority of all exchanges in our Exchange List.
Finally, 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 crypto market with fiat currency. There are many entry-level exchanges out there, including (but not limited to):