UPDATE 7 December 2019: This exchange is no longer accessible. When trying to access the website, we just receive error message. It has simply disappeared. We have marked this exchange as “dead” in our database.
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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 Enmanet consists of four parts: general information, fees, deposit methods and security.
Enmanet is a relatively new exchange. It’s based in Mexico, in the state of Tabasco. The owner of the platform is Ivan Pedrero.
The trading platform is available in English and Sanish.
We have not been able to find any information on the team or the company behind this exchange. These circumstances are, at least taken together, red flags. Accordingly, we recommend all visitors to be careful and form their own opinion on whether Enmanet is a legitimate exchange our not. The reason for saying that is that historically, most of the exchanges that have turned out to be frauds have generally not provided any information about the team members, the company behind it or the country it’s from (as that would make it easier to pursue legal action against the exchange).
Enmanet does not allow US-investors on its exchange. But if you’re from the US and you’re looking for an exchange that is just right for you, don’t worry. Use our Exchange Finder to find an appropriate trading platform accepting US-investors.
Enmanet 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. At this exchange, there is only order boxes and a small price chart window, as set out below. This makes it easily understandable for new crypto investors, while it might lack some features that more experienced traders look for. The below is a picture of the trading view at Enmanet:
Enmanet Trading fees
Trading fees are naturally very important. Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. At this exchange, they don’t divide between takers and makers. Each party to a transaction pay the same fee: 0.10% of the order value. 0.10% is below the global industry average. Industry average has for a long time been 0.25%, but we are currently seeing a shift towards lower fees. Many exchanges now charge e.g. 0.10% or 0.15% instead, just like Enmanet.
Enmanet Withdrawal fees
Enmanet charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. Also this is below the global industry average BTC-withdrawal fee, as the industry average is 0.000812 BTC per BTC-withdrawal. To find out a few withdrawal fees for a few other cryptocurrencies than BTC, please refer to the below picture.
All in all, the fees at Enmanet are below industry average.
If you currently do not have any cryptocurrencies, but you want to start trading at Enmanet, then you are out of luck. This exchange does not accept any other deposit method than cryptocurrencies, so new crypto investors can’t trade here. If you are a new crypto investor and you wish to start trading at this exchange, you will have to purchase cryptos from another exchange first and then – as a second step – deposit them here. Don’t worry though, you can find a so called “entry-level exchange” simply by using our Exchange Finder tool.
According to information to Cryptowisser however, it will be possible to deposit fiat currency starting in July 2019. We will cover any update in this regard and post them here.
Finally, 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.
Enmanet received a B-score in this test. When looking at all the exchanges in our Cryptocurrency Exchange List, the majority of all exchanges actually receive an F-score. The B-score is accordingly very impressive and shows a devotion and commitment to the exchange’s security.
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: