qTrade Cryptocurrency Exchange Review : Pros & Cons

About qTrade

Launched in Apr 2018, qTrade is a centralized exchange based in the US. qTrade LLC is a digital asset exchange launched in April 2018 and based in the United States, registered in Kansas. The qTrade platform provides split-second trade execution, industry-leading security practices, and a robust, scalable architecture. Your mission is to help drive blockchain technology forward by reducing the barriers faced by innovative new and emerging technology.

Information Table

How To Register At qTrade Exchange?

To register on qTrade, click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

How To Verify Your qTrade Cryptocurrency Account ?

There is no mandatory verification at qTrade, but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of 0.00015 BTC. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the qTrade, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At qTrade Crypto Exchange?

There are two main options for topping up your balance on Kraken. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From qTrade Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your qTrade Account ?

Also remember to go to the Security tab and activate two-factor authentication using the Google Authenticator app – this is the most reliable way to prevent unauthorized access to your account.

Trading fees

Trading fees are incurred when qTrade’s matching engine fills a buy and sell order. The fee is based on the total value of the newly created trade. This is calculated by taking (amount price fee rate). There are no fees for placing or removing an order which does not execute, and cancelling any order which has not fully executed will refund the remaining order size.

Currencies

Maker and Taker orders

qTrade charges different fees depending on if an order is executed as a maker or taker. A newly placed order may match an existing order that is already on the books. This has the effect of removing liquidity from the orderbook, and this would say this order has executed (at least partially) as a “taker” order. Inversely, if the order placed does not match any existing orders it is added to the orderbook. Since this order has added liquidity to the orderbook it is called a “maker” order.

Fee Rebates

Higher trading volume on your account qualifies you for a rebate on fees for new orders. qTrade places your account into a “rebate tier” based on your trade volume. Your trade volume is calculated by summing the value of all your trades for the last 30 days and converting that into a USD value. If your previous 30 day trading volume has placed you in at least tier 1, then at the end of the day a percentage of fees paid will be transferred to your account, based on your current rebate tier

Features Of qTrade Crypto Exchange

Available At Android & IOS Store

qTrade Cryptocurrency Exchange exchange application available on both world famous mobile store google play store and iOS store . You Can download App and start trading.

Security focused

qTrade employs the most reliable, effective security technologies available. They build our own transactions to allow easy off-site signing, ensure idempotency, and leverage cold wallet storage for additional safety. qTrade also supports two-factor authentication and provides a host of additional security features to provide multiple layers of protection. At qTrade, security will always be a top priority in every decision this make.

Trading engine built from scratch 

Your custom trading engine was designed to be scaled up and stress tested to ensure that orders are executed rapidly. They also support third-party trading platforms and algorithmic trading via your API.

Fast and cheap deposits and withdrawals

Your transaction monitoring and creation platform allows us to provide users some of the fastest transactions available today. Additionally, qTrade strives to be a market leader with industry low withdrawal fees.

Trading options

qTrade is committed to offering a wide choice of assets for trading, and as part of your mission to help support emerging technology they offer many new and innovative cryptocurrencies in addition to more popular ones. This seek to provide your users with an ever-growing selection of blockchain technologies and digital tokens.

Commitment to compliance

qTrade is committed to complying with all current U.S. regulations that help prevent, detect and remediate unlawful behavior by customers and virtual currency developers when using the qTrade trading platform or any of the company’s other services.

24/7 Live Chat

If you’re awake, they are too. When you need help, your team of experts will work with you via 24/7 live chat to reach a quick and efficient resolution.

qTrade Conclusion

For brokerage reviews, Benzinga created a weighted scale based on the following criteria: usability, services offered, customer service, education, research, mobile app, account minimums and fees. They aim to provide the most up-to-date, impactful and trustworthy reviews. For an in-depth look at our process, read the full methodology process.