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 qTrade consists of four parts: general information, fees, deposit methods and security.
qTrade is a cryptocurrency exchange from the states (USA), launched in April 2018. America is in many ways one of cryptocurrency’s first cradles and there are several other crypto exchanges from here.
US-investors are naturally permitted to trade here. But, US-investors should do their own independent assessment of any problems arising from their residency or citizenship. In a worst-case scenario, they may be prohibited by state laws to trade wherever they want to.
qTrade 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 qTrade:
qTrade Trading fees
The most important lesson to learn when picking a cryptocurrency exchange is that you must always check the fees.
This exchange’s trading fees for takers are 0.50%. This fee is double the industry average. The industry average is arguably around 0.25%. The trading fee for takers is thus not a competitive advantage for qTrade.
However, this exchange does not charge any fees for makers, thereby promoting the liquidity at the exchange. This is a very strong competitive edge in the market and is especially beneficial for the investors not interested in picking up existing orders from the order book but rather prefers to “go fishing” with maker-orders.
qTrade Withdrawal fees
Over to the withdrawal fees then. These are also very important to consider. When withdrawing BTC, the exchange charges you 0.0005 BTC. This withdrawal fee is also far below the industry average. Roughly 40% lower to be exact (industry average BTC-withdrawal fee is arguably 0.0008 BTC per BTC-withdrawal).
This coin exchange does not accept any other deposit method than cryptocurrencies, so new crypto investors are actually restricted from trading here. If you don’t have any crypto but want to start trading here, you will first have to purchase cryptocurrencies from another exchange and then, as a second step, deposit them at qTrade. To find an exchange accepting fiat currency deposits, use our Exchange Finder.