UPDATE 22 April 2021: Eterbase has paused its operations. They announced this information through the following message on its website:
Accordingly, we have marked this exchange as "dead" and moved it into our Exchange Graveyard. If it would start up its operations again, we will revive it and bring it back to our Exchange List.
To find a reliable exchange where you can start an account, just use our Exchange Filters and we'll help you find the right platform for you.
A trading cryptocurrency guide must provide reviews of all of the exchanges out there, so that you can find the best one for you. This review of Eterbase consists of four parts: general information, fees, deposit methods and security.
Eterbase is a crypto exchange from Slovakioa that launched in 2019. It is not the only exchange in our Exchange List from Slovakia, but is accompanied by Stockpoint.io. Coinmama from Israel also has a registered address in Slovakia but still claims to be Israeli.
As far as we can tell, Eterbase seems to be open to US-investors. We have at least not found any info to the contrary. However, any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.
Other than the above, it is difficult to find info on the exchange on the exchange’s website. Almost all exchanges have information in the footer of their website but at Eterbase, we can’t seem to navigate past the initial trading screen you come to when accessing the site. This is naturally a bit worrying, so we ask all readers of this review to be careful when dealing with this exchange.
Eterbase 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. 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 ascertain that it feels right to you. This is the trading view at Eterbase:
Eterbase Trading 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. Makers are so named because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers’ orders with their own.
Eterbase charges so called flat fees, meaning that makers and takers pay the same fee, being 0.10%. 0.10% is a very competitive trading fee as it is below the global industry averages.
Eterbase Withdrawal fees
Eterbase's withdrawal fee is 0.0015 BTC per BTC-withdrawal. This fee is way above the industry average (more 250% over!).
The global industry average BTC-withdrawal fee the last time we at Cryptowisser did a full-blown empirical study of it was namely approx. 0.0006 BTC per BTC-withdrawal. But today, we see more and more exchanges charging 0.0005 BTC per BTC-withdrawal, so one could argue that 0.0005 BTC is starting to become the new industry average. In any event, Eterbase's fees for withdrawals are much too high.
Eterbase does offer fiat currency deposits, but you can’t deposit via credit card. Also, you can only deposit EUR.
Accordingly, if you for some reason would prefer to deposit to your choice of trading platform via your credit card, or deposit any other fiat currency than EUR, then you need to find another exchange. Don’t worry though, you can find an exchange that accept credit card deposits simply by using our Exchange Finder tool.
However, as Eterbase at all accepts fiat currency deposits, it qualifies as an “entry-level exchange”, where new investors can take their first steps into the thrilling crypto world.