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 DFlow consists of four parts: general info, fees, deposit methods and security.
UPDATE 1 January 2020: This exchange will close down. The purpose of the closing down is for a "business transformation towards an advanced level of crypto finance platform." Further details are set out in the below message.
Accordingly, we have marked the exchange as "dead" and moved it to our Exchange Graveyard.
DFlow is an exchange registered in Estonia with an exchange license from the Estonian authorities. As you surely know, the Baltic region consists of three countries: Estonia, Latvia and Lithuania. With this in mind, it might seem odd that out of these three countries, only Estonia is the home of any exchanges. Other Estonian exchanges also include: Crex24, Coinsbit, CoinMetro, B2BX, STEX.com, LATOKEN, Bitnordex, P2PB2B, BTCbear, Jubiter and Kriptomat. Estonia is definitely a market leader in the Baltics when it comes to being the domicile country for crypto exchanges.
The only explanation for this however is that Estonia have a license you can obtain in order to conduct crypto exchange operations as an Estonian company. To our knowledge, there are only two other nations in Europe that have a clear specific legislation on this like Estonia has: Malta and Gibraltar.
Unfortunately for US-investors, this exchange prohibits US-investors from trading on its exchange. Interested US-investors must therefore refer to any of the other top crypto exchanges.
DFlow 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. The below is a picture of the trading view at DFlow:
DFlow Trading fees
The fees at any exchange are very important to consider. It should be noted that many exchanges have trading fees that are reduced as volumes are increased, meaning that you are incentivized to trade in higher volumes. The fees listed in this review and in the Exchange List are excluding any such volume discounts.
This specific trading venue offers a flat trading fee of 0.10%, meaning that the exchange does not care about whether you are a taker or a maker. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model. These trading fees are far below the industry average which is around 0.25% and thus a strong advantage against many other exchanges.
DFlow Withdrawal fees
DFlow charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. According to our industry studies, this is a bit above industry average. The industry average BTC-withdrawal fee is namely around 0.0008 BTC per BTC-withdrawal.
All in all, the fees at DFlow are in line with, or even slightly below, the global industry averages.
DFlow does not accept any other deposit method than cryptos, so new investors are restricted from trading at DFlow. 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.
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. DFlow 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.
We hope you have enjoyed reading the above review. We also recommend checking out the following exchanges. They are well established in the industry and have also received excellent ratings from the visitors on our site: