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Exchange Review

Trade by Trade

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Exchange Fees

Bitcoin Logo 0.001 Withdrawal Fee • 0.50% Taker Fee • 0.50% Maker Fee

Deposit Methods

No Wire transfer No Credit Card Yes Cryptocurrency

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.

General Information

This exchange has Belize as its country of registered address. The tropical wonderland of Belize actually features more than one cryptocurrency exchange. One tough competitor is AlfaCashier.

The platform does not explicitly state that US-investors are prohibited from trading. Accordingly, we do believe that US-investors can trade here. But, as always, US-investors should perform their own analysis of any issues arising from their residency or citizenship.

As advantages with this trading platform, the trading platform itself states that it is easy to use, it has some helpful trading tools (buy now tool, conditional buy, etc.), you can margin trade, fees are low and finally it’s secure and reliable. These are all advantages that we believe that an interested crypto trader would like to have at his/her platform.

Trade by Trade Advantages

Liquidity

The exchange offers a decent selection of trading pairs, and has as much as 49 trading pairs. The exchange was first launched in November 2017. On 19 July 2019, the exchange had a 24 hour trading volume of around USD 5.5 million. This placed it on place no. 125 in the list of exchanges with the highest 24 hour trading volume in the world. 

On the date of last updating this review however (30 March 2020, right in the middle of the crisis with COVID-19), neither Coinmarketcap nor CoinGecko had any information whatsoever on this exchange's trading volume. This is a big red flag as it usually is something that happens before an exchange disappears. We urge all readers of this review to be careful when dealing with this exchange.

Trade by Trade 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 (from the exchange’s own educational material, showing the various steps etc.) at Trade by Trade:

Trade by Trade Trading View

Trade by Trade Fees

Trade by Trade Trading fees

The fees at Trade by Trade are what we call flat fees, meaning that makers and takers are charged the same fee. The fees here are 0.50% for both takers and makers. This is clearly above the industry average, which has historically been around 0.25%. Today, however, we see more and more exchanges moving towards even lower trading fees such as 0.10%. So in comparison with this, 0.50% is even more above the industry average.

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.

Deposit Methods

This exchange 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 Security

This platform’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.

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We hope you have enjoyed reading the above review. We also recommend checking out the following cryptocurrency exchanges. They are well established in the industry and have also received excellent ratings from the visitors on our site:

  1. PrimeXBT
  2. Simex
  3. BaseFEX
  4. Currency.com
  5. CEX.io
  6. Changelly
  7. Crex24
  8. Binance
  9. Bittylicious
  10. Coinmate