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 Easyrabbit consists of four parts: general information, fees, deposit methods and security.
Exchanges between cryptocurrencies are in general difficult, time consuming and complicated, says Easyrabbit. Their vision is accordingly to have an exchange where cryptocurrencies can be traded in a simple, rapid and anonymous way with absolute safety.
Easyrabbit’s domicile country is unclear. This is not a red flag per se, but we recommend all visitors to be careful and form their own opinion on whether this exchange is a legitimate exchange our not.
Easyrabbit does not list US-investors as prohibited from trading. However, US-investors should do their own independent assessment of any problems arising from their residency or citizenship.
Easyrabbit Trading fees
The most important lesson to learn when it comes to picking the best cryptocurrency exchange site is that you must always check the fees. Easyrabbit doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. Their fee is 0.50% for both the maker and the taker (down to 0.20%, depending on the cryptocurrency traded). This fee is somewhat above the industry average, unless your trading with cryptocurrencies that are charged 0.20% per trade. The industry average is arguably around 0.25%.
One should consider whether this exchange has a strong offering to investors in other respects that outweighs the disadvantage of this slightly higher trading fee.
Easyrabbit Withdrawal fees
The exchange charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This fee is below the industry average.
This trading platform does not accept any other deposit method than cryptocurrencies, so new crypto investors are actually restricted from trading at Easyrabbit. If you don’t have any crypto but want to start trading here, you will first have to purchase cryptocurrencies from another exchange and then, as a second step, deposit them here.
This exchange’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.
We hope you have enjoyed reading the above review. We also recommend checking out the following cryptocurrency exchanges. They are well established in the industry and have also received excellent ratings from the visitors on our site: