Coinranking
This exchange is inactive on Coinranking. Its data is not up to date.
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About EXRATES
EXRATES Exchange: A Crypto Trading Option
EXRATES, a centralized cryptocurrency exchange founded in 2016, is based in Switzerland with ties to Estonia through its operator, DexTechnologies OÜ. It aims to provide a straightforward platform for trading digital assets, targeting both new and experienced traders with a variety of features.
What EXRATES Offers
- Trading Pairs: Supports a wide range of coins like BTC, ETH, XRP, BNB, and ZEC, with over 600 trading pairs available across markets including USD, EUR, RUB, and UAH.
- Fees: Competitive trading fees at 0.15% for makers and 0.20% for takers, with free deposits and low withdrawal fees (e.g., 0.0005 BTC for Bitcoin).
- Features: Offers advanced charting via TradingView, a Prediction Lab for spotting price trends, and an IEO launchpad called X-Platform for investing in new projects.
- Accessibility: Accepts fiat deposits in USD, EUR, RUB, and UAH via payment methods like Perfect Money, Advcash, and Payeer, plus a demo mode for practice.
- Security: Claims 98% of funds in cold storage, auto DDoS protection, daily backups, and mandatory 2FA for all users.
Things to Keep in Mind
- Regulatory Status: Lacks formal regulation, despite operating under an Estonian license, which might raise concerns about oversight and fund safety.
- User Feedback: Mixed reviews—some appreciate the low fees and charting tools, but others report issues like withdrawal delays, frozen accounts, and poor support response.
- Transparency: Limited info on the team, with ties to DEX-Trade raising questions, and the Prediction Lab’s effectiveness remains unverified.
- Liquidity Risks: While it boasts many pairs, low trading volume (historically $40M daily) might mean thinner liquidity for less popular coins.
- Platform Concerns: The interface, though functional, may not suit advanced traders, and the focus on fiat deposits could complicate things for crypto-only users.
EXRATES offers a broad selection of trading pairs and features for those comfortable with its risks, but its regulatory gaps and user complaints suggest starting small. You can explore it at https://exrates.me.