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 Ore.bz consists of four parts: general information, fees, deposit methods and security.
UPDATE 18 July 2019: It seems as if this exchange has closed down. When trying to access their website, we keep getting an Error 522. The exchange still reports trading volumes to coinmarketcap (on the date hereof, the trading volume was USD 287), but it is still marked as “inactive”. We have decided to mark this exchange as dead, and move it to our Exchange Graveyard. There have also been accusations on Bitcointalk regarding this exchange being a scam.
Ore.bz is one of the many Brazilian cryptocurrency exchanges. In our cryptocurrency exchange list, we also have 10 other Brazilian cryptocurrency exchanges. The most popular at the time of writing this review seems to be Bleutrade.
Ore.bz does not list US-investors as prohibited from trading. But, US-investors should still do their own independent assessment of any problems arising from their residency or citizenship.
Ore.bz 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 Ore.bz:
Ore.bz Trading fees
This Brazilian trading platform offers a flat trading fee of 0.15%. It does accordingly not distinguish between takers and makers. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model.
The trading fees of 0.15% are slightly below the industry average. The industry average is arguably around 0.25%. The fee thus also constitutes an advantage against the majority of other top crypto exchanges in the market.
Ore.bz Withdrawal fees
This trading platform charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This fee is below the industry average and thus constitutes a strong competitive advantage against the majority of other top crypto exchanges in the market.
At this exchange, they offers deposits via credit card, if you use the payment systems Payeer or AdvCash. They support the fiat currency USD. However, as the exchange accepts deposit of fiat currencies at all, it distinguishes itself from many exchanges that only allows deposits in cryptocurrencies.
The 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.
Finally, as mentioned above, this exchange supports credit card deposits (alone or through the use of any of its associated payment service providers). Other cryptocurrency exchanges that also have this option include: