UPDATE 3 June 2019: It has been brought to our attention that a number of people trading at this exchange have been unsuccessful in withdrawing assets. We have asked the exchange to express an opinion on these issues but we have not yet received any response from the exchange. Accordingly, we do not recommend anyone to start an account with this exchange until the withdrawal issues have been fixed.
UPDATE 15 July 2019: The above issue seems to remain. Also, the exchange has ceased reporting trading volumes through its APIs. We strongly recommend users to not open an account with this exchange.
UPDATE 19 November 2019: The website of this exchange is no longer accessible. We have marked the exchange as “dead”.
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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 ezBtc consists of four parts: general information, fees, deposit methods and security.
ezBtc is a Canadian cryptocurrency exchange that claims to be Canada’s most innovative and personalized exchange. Among other things – they offer 24/7 Live support – and they permit US-investors. As always, US-investors should still do their own independent assessment of any problems arising from their residency or citizenship.
ezBtc 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. At this exchange, there is only a few different order boxes. 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 purchase/trade interface at ezBtc:
ezBtc 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. This exchange doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”.
ezBtc’s flat trading fee is set at 0.30%. This fee is slightly above the industry average (the industry average is arguably 0.25%).
ezBtc Withdrawal fees
Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. ezBtc, however, is a fair player in that respect and charges a withdrawal fee in line with industry average (0.001 BTC when you withdraw BTC).
This exchange offers wire transfer as a deposit method, but you can’t deposit via credit card. This of course negative news to you if you would prefer to use your credit card for any reason.
This exchange proudly declares on its website that they have cold storage of 99.99% of all assets, protecting the assets. This is of course a nice feature.
ezBtc’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.
The exchange reviewed above is what we call an “entry-level exchange”. This means that this exchange also makes it possible for someone to enter the cryptocurrency market with fiat currency. There are numerous entry-level exchanges out there, including (but not limited to):