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 GuldenTrader consists of four parts: general information, fees, deposit methods and security.
UPDATE 1 April 2020: This exchange has announced on its website that it is closing down. The message was clear and concise, as follows:
Accordingly, we have marked GuldenTrader as "dead" and moved it to our Exchange Graveyard.
At GuldenTrader (a Dutch cryptocurrency exchange), you can trade (buy and sell) the cryptocurrency Gulden. Netherlands, the home of Gouda cheese and tulips, is also the home of many cryptocurrency exchanges. There are too many to mention them all here, but the list includes LiteBit.eu, Bitonic and Bitrush.
You can also exchange Gulden against a small number of other cryptocurrencies. At their page, they state that more trading pairs are coming, but that all trading pairs will have EURO as a base and that some will have NLG as a base. So the user shall expect future trade pairs like EUR-NLG, EUR-WAV, NLG-DAR and many more.
GuldenTrader promotes that the exchange is open and listens to its users. The fact that the exchange is subject to regular audits is also highlighted on the exchange’s site. They also make a few promises to its users:
We have not been able to ascertain whether US-investors are permitted or not. But, as always, US-investors should do their own independent assessment of any problems arising from their residency or citizenship.
GuldenTrader 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. The below is a picture of the trading view at GuldenTrader:
GuldenTrader Trading fees
We have not been able to find GuldenTrader’s trading fees. This is potentially a risk for you as an investor (if the exchange does not inform about the fees anywhere there is a higher risk that they are high). Accordingly, we strongly urge you to make your own analysis of the trading fees at GuldenTrader before depositing any funds there and before concluding that it is the best cryptocurrency exchange site for you.
GuldenTrader Withdrawal fees
This Dutch cryptocurrency exchange charges a withdrawal fee amounting to 0.2 NLG when you withdraw NLG. There is no clear established industry average when it comes to NLG-withdrawals so it is difficult to say whether this is high or low. You will have to make up your own mind about that.
This trading platform 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.
GuldenTrader’s security score is C-, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is in line with 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):