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LATOKEN

2 from 1 vote
Estonia

Fees

Taker fee

Maker fee

Withdrawal fee

0.001

Funding methods

Wire transfer

Credit card

Other crypto

US investors permitted


LATOKEN 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 LATOKEN consists of four parts: general information, fees, deposit methods and security.

General Information

LATOKEN is an Estonian cryptocurrency exchange. Estonia is actually the only country in the Baltics that has cryptocurrency exchanges. But there are more than one: BTCbear, Jubiter and Crex24 all come from Estonia.

LATOKEN does not explicitly state that US-investors are prohibited from trading. But if you’re from USA, you surely already know that you can never be too sure. Form your own opinion! (this review is not a legal opinion)

There is information about the company owning the exchange on the website of the exchange, which is always comforting. In this case, it is the Estonian company Payex OÜ, based in Tallinn.

LATOKEN Fees

LATOKEN Trading fees

We have not been able to find any information on LATOKEN’s trading fees. This is very discomforting. Also, it is a risk for you as an investor. Whenever an exchange does not inform of their trading fees, there is a higher risk that they are high. Accordingly, we strongly urge you to make your own analysis of the trading fees at this exchange before depositing any funds here and before concluding that it is the best cryptocurrency exchange site for you.

LATOKEN Withdrawal fees

LATOKEN charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This is in line with industry average, maybe slightly on the high end.

Deposit Methods

LATOKEN does not accept any deposits of fiat currency. This means that new cryptocurrency investors (i.e., investors without any previous holdings of cryptocurrencies) can’t trade here. In order to purchase your first cryptocurrencies, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!

Security

When it comes to security at this exchange, LATOKEN boasts on its website about its various security features:

  • All private keys are encrypted with AES-256 and are stored offline;
  • 5% of the user-funds are kept in cold storage with multi-signature technology;
  • They have a DDoS-protection system built on a advanced distributed system architecture; and
  • All passwords in LATOKEN’s database are encrypted with what the exchange refers to as “Salted SHA-256”.

All of the above measures are of course very useful. However, LATOKEN’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.

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If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, find the best cryptocurrency exchange site for you by using our revolutionary matching tool.

Good luck!

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