24H Volume

Coming soon!

DOBI Trade

4.8 from 4 votes
China

Fees

Taker fee

0.3%

Maker fee

0.3%

Withdrawal fee

0.50%

Funding methods

Wire transfer

Credit card

Other crypto

US investors permitted


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

General Information

DOBI Trade is a cryptocurrency exchange based in China launched in May 2018.

This exchange is different from most other cryptocurrency exchanges in the sense that it only offers trading in the following cryptocurrencies:

  1. EOS
  2. Ethereum
  3. Litecoin
  4. Moving Cloud Coin
  5. PolicyPal Network
  6. Jesus Coin
  7. Cashcoin

In spite of the limited number of cryptocurrencies you can trade here, the liquidity is deep (normally around USD 0.5 billion each day). At the date of writing this review (2 October 2018), DOBI Trade had the 16th highest 24 hour trading volume out of all exchanges in the world.

In addition to being a cryptocurrency exchange, DOBI Trade also manufactures and distributes “ready-to-assemble cryptocurrency ATMs.” Moreover, DOBI Trade is also an exclusive reseller of Moving Cloud Coin (MCC)’s consumer wearables. The latter group also includes a limited edition DOBI Trade mining watch. You get rewards in the form of MCC tokens by simply moving!

As far as we can tell, US-investors can also trade here. We have not received any information to the contrary.

One of many other exchanges from China that you might be interested in if this exchange is not to your liking is BTCTrade.im.

DOBI Trade Fees

DOBI Trade Trading fees

This particular trading venue doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. DOBI Trade’s flat fee is 0.30%. This is in line with the global industry average. From a domestic perspective, it is also quite close to the industry average (possibly slightly on the high end).

DOBI Trade Withdrawal fees

DOBI Trade has a percentage based withdrawal fee, meaning that they charge you a percentage of the withdrawn amount when you withdraw. Their percentage charged is 0.50%.

This is an unusual withdrawal fee model, but it is not unheard of. Most exchanges have a fixed withdrawal fee, regardless of the size of the withdrawn amount. In addition to this exchange, only the following have percentage based withdrawal fees (from lowest to highest): SouthXchange (0.04%), FatBTC (0.05%), ExcambioRex (0.10%), Gocio (0.10%), BitINKA (0.15%), RippleFox (0.20%), ChaoEx (0.50%), OOOBTC (0.50%), BCEX (0.50%), LEOxChange (1.00%), Trustdex (1.00%) and FreiExchange (2.00%).

With the fee model that this exchange has, when you withdraw small amounts, it is beneficial to you. If you withdraw 0.01 BTC, the withdrawal fee becomes 0.00005 BTC (extremely low). However, if you withdraw 10 BTC, the withdrawal fee becomes 0.05 BTC (extremely high). Please consider whether this withdrawal fee suits your own trading or not.

Deposit Methods

DOBI Trade does not accept any deposits of fiat currency. This means that new cryptocurrency investors (i.e., investors without any previous holdings of cryptocurrencies) can’t trade here. In order to purchase your first cryptocurrencies, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!

Security

DOBI Trade’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.

***

If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, find the best cryptocurrency exchange site for you by using our revolutionary matching tool.

Good luck!

DOBI Trade Review - Cryptowisser Logo
Cryptowisser – Your Trading Cryptocurrency Guide