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 Fisco consists of four parts: general information, fees, deposit methods and security.
Fisco is a Japanese cryptocurrency exchange. It originally launched in July 2016. There are many Japanese cryptocurrency exchanges out there. The list includes, but is not limited to, BitFlyer, Bitbank, Mr. Exchange, Coincheck, BTCBox and Neraex. Out of these, we would probably recommend Bitbank as it has 0.00% in trading fees.
Speaking of Zaif, on 22 November 2018, the Tech Bureau, Corp. will sell the Zaif Exchange and the Zaif Instant Exchange to Fisco, pursuant to a transfer of business agreement signed on 10 October 2018. Following the sale, Zaif and Fisco will presumably combine their respective businesses.
Fisco does not explicitly state that US-investors are prohibited from trading. Accordingly, we do believe that US-investors can trade here (but we are not able to give any guarantee to that effect).
Fisco 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. We have not been able to obtain a picture of the trading view at Fisco. This is presumably as the exchange primarily works as a broker, and that you then would have to make your orders via them.
Fisco Trading fees
This exchange has a quite unique trading fee offering: they don’t charge any. It doesn’t matter if you’re a taker or a maker, the trading fees are still 0.00%. This is extremely competitive. Sure, there are a few exchanges that offer negative maker fees (meaning that makers get paid to trade). These are Cryptox, Qryptos, BitMEX, Gopax, HitBTC and Crex24. But none of them have 0.00% taker fees.
So, to conclude, trading fees at Fisco are very competitive.
Fisco Withdrawal fees
One might expect this exchange to have hefty withdrawal fees, seeing as they can’t make any profit from their trading fees. The withdrawal fees, however, are also very competitive. They charge 0.0005 BTC when you withdraw BTC. This is far below the global industry average, which is 0.0008 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.
We run all 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. Fisco only received an F-score in this test. This is below industry average and is thus not a competitive advantage at all for this exchange.
Low trading fees are indeed very important for any prospective cryptocurrency investor. All of the following exchanges also – like the above exchange – have very low trading fees (some of them don’t even charge trading fees at all):