What is StockPoint.io?
StockPoint.io is a cryptocurrency exchange based in Slovakia. To our knowledge, it is the only cryptocurrency exchange in Slovakia with the possible exception of Coinmama whose parent company has a registered address in Bratislava (Slovakia). The platform is available in both English and Russian.
You can trade most of the biggest cryptocurrencies here, but if you are looking for newer altcoins or altcoins with a lower market capitalisation, you will not find them here.
As main advantages, the platform describes that they have low fees and enables fiat currency deposits. These are two very important factors for most users in our opinion. Moreover, the platform says that it is reliable. While we are not able to verify this statement ourselves, reliability is of course a crucial trait for any crypto exchange. Finally, they say that they have both a referral program and 24/7 support. All of the now mentioned advantages are things that we ourselves would deem to be important.
US-investors are not permitted to trade at this exchange. Many other exchanges also exclude US-investors from trading. The reason for this is that the US-legal regime impose strict obligations on exchanges accepting capital from US residents/citizens. If you are a US-investor and you want to find an exchange like StockPoint.io, you can just use our Exchange Finder to find out which alternatives you have that accept US-investors.
StockPoint.io 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 StockPoint.io:
StockPoint.io Trading fees
According to information on its website, StockPoint.io charges really modest trading fees that are to the advantage of its users. They don’t divide between the taker fees and the maker fees. Instead, they charge a flat fee of 0.50% on each trade. This is a very high trading fee, especially if you compare it to the global industry average. The global industry average trading fee for centralized exchanges used to be around 0.25%, but it's now more towards 0.10%-0.15%. In any event, StockPoint.io's trading fees are very high. Here's an overview:
StockPoint.io Withdrawal fees
StockPoint.io has a percentage based withdrawal fee, meaning that they charge you a percentage of the withdrawn amount when you withdraw. Their percentage charged is 2.00%. 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.
With the fee model that this exchange has, when you withdraw small amounts, it is beneficial to you. If you withdraw 0.01 BTC, the withdrawal fee becomes 0.0002 BTC (quite low). However, if you withdraw 10 BTC, the withdrawal fee becomes 0.2 BTC (extremely high). Please consider whether this withdrawal fee suits your own trading or not.
From our understanding, this exchange accepts deposits of fiat currency. We have not received information that also credit card deposits are accepted, but bank transfers (or at least transfer of fiat currency via payment service providers) should be permitted. This is helpful for the newer cryptocurrency investors. It also makes this exchange an “entry-level exchange”.