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.
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)
LATOKEN 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 LATOKEN:
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.
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!
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.
Liquidity is something very important for all exchanges, cryptocurrency exchanges but also regular stock market exchanges. The above exchange does indeed have great liquidity. However, the following cryptocurrency exchanges are also regularly among the cryptocurrency exchanges with the absolutely best liquidity in the world: