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 Fargobase consists of four parts: general information, fees, deposit methods and security.
UPDATE 8 March 2019: To our understanding, this exchange has closed down. It is no longer possible to create an account with Fargobase.
Fargobase is an American cryptocurrency exchange and, as such, naturally allows US-investors. America is in many ways the ruler of cryptocurrency right now. It has a very impressive number of cryptocurrency exchanges and a large part of the everyday cryptocurrency trading also occurs on American exchanges or on other exchanges but involving American traders. A few of the cryptocurrency exchanges coming from the USA are Coinbase, Gate.io, Paxful and also Bitquick.
The company states that they have all the licenses needed to trade crypto online. The exchange’s vision seems to be to help out with buying Bitcoin and Fargocoin at the best available rates. Those cryptos are also the only two cryptos available at this exchange.
The domain Fargobase.com is owned by FargobaseLLC, located in United States, Montana, Great Falls.
Fargobase Exchange 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. Unfortunately, we have not been able to obtain a picture of the trading view at Fargobase. We apologize for any inconvenience this may cause.
Fargobase Trading fees
We have not been able to receive any information on the trading fees of this exchange. However, generally speaking, and looking at the market as a whole, the fact that an exchange says that it will get “the best available rates” for you means absolutely nothing. Also, the fact that we have not been able to find Fargobase’s trading fees is potentially also a risk for you as an investor. If they are not informed of anywhere we believe there is also a higher risk that they are high. Accordingly, we strongly urge you to also make your own analysis of the trading fees at Fargobase before depositing any funds there and before concluding that it is the best cryptocurrency exchange site for you.
Fargobase Withdrawal fees
We have not been able to find Fargobase’s withdrawal fees either. This is – just as mentioned above – also a risk for you as an investor.
From our understanding of the deposit methods, the only available deposit method is through credit cards (Visa, MasterCard, American Express or Discover Network). This might be convenient for you, but you should generally look out for the different deposit fees charged by exchanges for deposit of fiat currencies via credit cards. Some exchanges charge a deposit fee of up to a staggering 11% for credit card deposits.
Fargobase’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.
Finally, as mentioned above, this exchange supports credit card deposits (alone or through the use of any of its associated payment service providers). Other cryptocurrency exchanges that also have this option include: