US investors permitted
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 Stronghold consists of four parts: general information, fees, deposit methods and security.
Stronghold is a New Zealand cryptocurrency exchange. The Oceanic nation of New Zealand is also the home of one of the world’s most popular coin exchanges with the most impressive selection of trading pairs in the world: Cryptopia. That is some tough domestic competition for this exchange for sure.
This exchange is owned and operated by a company named Stronghold Institutional Services Ltd. They proudly state on their website that they are “compliant with regulatory reporting” and that they are also a fully compliant New Zealand Financial Service Provider. They also describe themselves as a “financial institution building an asset-agnostic global payment and trade ecosystem”.
We believe that US-investors are permitted to trade here as we have not received any contrary information. However, if you’re from the US and you’re interested in Stronghold, we still urge you to do your own analysis of any issues or problems arising out of your US-residency or US-citizenship.
Stronghold Trading fees
This exchange’s trading fees for takers are 0.25%. This fee is exactly in line with the global industry average.
However, it is the maker fees that really distinguishes Stronghold. Stronghold charges the makers in a trade 0% (zero). This is extremely competitive. Out of the more than 300 exchanges in our Cryptocurrency Exchange List, there are only 44 having 0 (or negative maker fees). Most notably, BitMEX, HitBTC and Crex24 all have negative fees (-0.025%, -0.01% and -0.01%, respectively), meaning that the maker actually get paid for trading, and Indodax, Bitbank, Indacoin, Paxful, Cobinhood, Coindirect and Jubiter also have 0% maker fees (like Stronghold).
Stronghold Withdrawal fees
Also, this trading platform does not charge any own withdrawal fees at all when you withdraw BTC. They do however charge network fees. There are exchanges out there that pay the network fee for a withdrawal themselves, but they are a rarity. Accordingly, that this exchange only charges the network fees when you do a withdrawal is a competitive edge for this exchange.
This trading platform does not accept any deposits of fiat currency. This means that new cryptocurrency investors (i.e., investors without any previous holdings of cryptocurrencies) can’t trade here. In order to purchase your first cryptocurrencies, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!
The exchange has an average security score. We run all exchange-websites in Mozilla’s Observatory-test (https://observatory.mozilla.org/), and Stronghold received a C-score. This is decent, but there is also room for improvement.
When on the subject of security, it can be worth noting here that Stronghold stores “the vast majority” of all digital assets in cold storage. The exchange also uses multi-sig technology for maximizing security.
If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, find the best cryptocurrency exchange site for you by using our revolutionary matching tool.