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 SpaceBTC consists of four parts: general information, fees, deposit methods and security.
PLEASE NOTE THAT THIS EXCHANGE HAS CLOSED ITS OPERATIONS. ITS DOMAIN IS REPLACED BY ADVERTISEMENTS FOR GERMAN VIDEO STREAMING SERVICES AND NO TRADES ARE CONDUCTED. TO FIND ANOTHER EXCHANGE THAT CORRESPONDS TO YOUR REQUIREMENTS, PLEASE USE THE EXCHANGE FINDER.
SpaceBTC is a cryptocurrency exchange from the United Kingdom. United Kingdom is the country which without a doubt has the most cryptocurrency exchanges in the world. At least that we know of. A non-exhaustive list of exchanges from the UK (in addition to this one) includes Exmo, CEX.io, CoinEgg, Livecoin, DSX, LocalTrade, Bittylicious (funny name by the way), CoinMate, Indacoin, MixCoins, Paybis, Vaultoro, Instant Bitex and eToro.
US-investors may not trade here. The reason for excluding US-investors are primarily regulatory reasons. The US-legal regime imposes obligations on many companies accepting funds from US-investors. Such obligations include, inter alia, preparing marketing material in accordance with SEC-standards and registering them with the SEC (which is a very burdensome process). Don’t be too sad though, there are many other venues that offer the type of trading this exchange does. Use our Exchange Finder to find out which alternatives you have.
SpaceBTC Trading fees
The trading fees for takers here are 0.22%. This fee is slightly below the industry average. The industry average is arguably around 0.25%. Also, SpaceBTC offers a discounted trading fee for makers: 0.12%. This promotes the liquidity at the exchange. All in all, the trading fees at this exchange must be considered as competitive.
SpaceBTC Withdrawal fees
SpaceBTC charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. Also this is in line with industry average.
SpaceBTC offers wire transfer as a deposit method, but you can’t deposit via credit card. So if you’re looking a stack up those membership rewards points or flight bonus points by purchasing massive amounts of cryptocurrencies, you’ll have to look elsewhere.
SpaceBTC’s security score is C-, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is in line with industry average when it comes to top crypto exchanges.
The exchange reviewed above is/was what we call an “entry-level exchange”. This means that this exchange also makes it possible for someone to enter the cryptocurrency market with fiat currency. There are numerous entry-level exchanges out there, including (but not limited to):