HappyCoins Exchange Review
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 HappyCoins Exchange consists of four parts: general information, fees, deposit methods and security.
HappyCoins Exchange is a Dutch cryptocurrency exchange.
HappyCoins Account holders can according to the exchange “almost instantly buy bitcoins using the applicable online instant payment method” (iDeal, Bancontact Mister Cash, GiroPay, MyBank, Sofort and Interac). Within a few minutes, the exchange states that you will automatically receive the Bitcoins you ordered in your private Bitcoin wallet. If you want to trade any other less known coins however (Zephyr Coin, Zennies Coin, ZCCoin, Zatgo Token, Ybcoin, or any coin with a similar market capitalization to those), you’ll have to look elsewhere. Because at this exchange, you can do two things and two things only: buy Bitcoin & sell Bitcoin.
The exchange does not list US-investors as prohibited from trading, but US-investors should do their own independent assessment of any problems arising from their residency or citizenship.
HappyCoins 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. The below is a picture of the quite limited trading view at HappyCoins Exchange, consisting of merely buy and sell boxes and a small price chart:
HappyCoins Exchange Fees
HappyCoins Exchange Trading fees
This place is different from most top crypto exchanges in the way that it does not offer trading between cryptocurrencies. The only service offered is buying and selling BTC. When buying BTC, the purchase price offered by the exchange is usually somewhat higher than the market price. Conversely, when selling BTC, the purchase price offered is usually somewhat lower than the market price. The mark-up or mark-down is not specified anywhere. This is potentially a risk for you as an investor. Accordingly, we strongly urge you to make you own analysis of the fees and price differences at HappyCoins Exchange before executing any transactions there and before concluding that it is the best cryptocurrency exchange site for you.
HappyCoins Exchange Withdrawal fees
Considering how this exchange operates, withdrawal fees are irrelevant.
This trading platform offers wire transfer as a deposit method, but you can’t deposit via credit card.
HappyCoins Exchange Security
HappyCoins Exchange’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):