Trade by TradeBelize
US investors permitted
Trade by Trade Review
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 Trade by Trade consists of four parts: general information, fees, deposit methods and security.
Trade by Trade has Belize as its country of registered address. The tropical wonderland of Belize actually features more than one cryptocurrency exchange. Tough competitors include Bitlio and AlfaCashier.
Trade by Trade offers a decent selection of trading pairs, and has as much as 49 trading pairs. The exchange was first launched in November 2017. Today, the exchange has a 24 hour trading volume of around USD 12 million, which regularly places the exchange on the top 70 exchanges in the list of exchanges with the highest 24 hour trading volume.
Trade by Trade does not explicitly state that US-investors are prohibited from trading. Accordingly, we do believe that US-investors can trade here.
Trade by Trade Fees
Trade by Trade Trading fees
This Belize coin exchange doesn’t charge different fees between takers and makers. Their fee model is instead a “flat fee model”. The flat fee charged by this exchange is 0.20%, which is in line with the global industry average.
You can note here that many exchanges also have trading fees that are reduced as volumes are increased, meaning that you are incentivized to trade in higher volumes. The fees listed in this review and in the comparison table are excluding any such volume discounts.
Trade by Trade Withdrawal fees
The trading platform charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This is in line with the global industry average, albeit slightly on the high end. Compared with the other exchanges registered in Belize, this withdrawal fee is however quite high.
Trade by Trade 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!
Trade by Trade’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.
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.