UPDATE 28 April 2020: Many users have wondered what happened to this exchange, as the previous website is down. The simple answer is that the exchange has changed their domain to https://www.qbtc.me/ instead.
UPDATE 1 September 2020: We have not been able to access the website of this exchange lately. Usually when this happens, without any preceding information on system maintenance or upgrades, it is because the exchange has closed down. But it could also be for other reasons. However, pending contrary information, we have marked this exchange as "dead" and moved it to our Exchange Graveyard.
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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 QBTC consists of four parts: general information, fees, deposit methods and security.
QBTC is a cryptocurrency exchange registered in the Cayman Islands. The company running the exchange is Cupid Network Technology Ltd.
The platform promotes four things as the main benefits with this exchange. These things are quick trading, an excellent technical team, multiple language support and safety and reliability. These features all seem important to us when it comes to picking a cryptocurrency exchange. Most important out of these, however, is that the platform is safe and reliable.
QBTC does not list US-investors as prohibited from trading. However, US-investors should do their own independent assessment of any problems arising from their residency or citizenship.
QBTC 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 QBTC:
QBTC Trading fees
This Cayman Island coin exchange doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model. The flat fee here is 0.20%. This is in line with – even slightly below – the global industry average. Global industry average is arguably around 0.25%.
QBTC Withdrawal fees
For most cryptocurrencies at QBTC, you pay a standard fixed withdrawal fee. For BTC-withdrawals, this fee is 0.001 BTC. This is a fair bit above the industry average, being 0.0006 BTC per BTC-withdrawal.
However, for certain cryptocurrencies, QBTC offers a percentage based withdrawal fee + a fixed fee, meaning that they in addition to the fixed fee also charge you a percentage of the withdrawn amount when you withdraw. Their percentage charged is 0.20% (just like their trading fees). This is an unusual withdrawal fee model, but it is not unheard of. Most exchanges have a fixed withdrawal fee, regardless of the size of the withdrawn amount.
At QBTC, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors.
It might be the case that the relevant card you want to deposit from needs to be from a specific country. In spite of investigating this issue, we have not been able to find an answer to it. Accordingly, we urge you to form your own opinion on this if the availability or non-availability of credit card deposits is relevant to you.