Blocktrade Cryptocurrency Exchange Review : Pros & Cons

What Is Crypto Exchange ?

A crypto exchange, short for cryptocurrency exchange, is a digital platform that enables users to buy, sell, and trade various cryptocurrencies like Bitcoin, Ethereum, Litecoin, and others for other cryptocurrencies or fiat money, such as US dollars or euros.

A crypto exchange works similarly to a traditional stock exchange where buyers and sellers can trade securities. However, instead of trading stocks, users on a crypto exchange trade digital currencies.

Crypto exchanges offer various trading pairs and different features such as market and limit orders, stop-loss orders, and other trading tools to facilitate trades. Some exchanges also provide additional services like digital wallets for storing cryptocurrencies and access to real-time market data.

There are many types of crypto exchanges, including centralized exchanges, decentralized exchanges, and peer-to-peer exchanges. Each has its own unique features and benefits, but all provide a way for users to access and participate in the cryptocurrency market .

What Is Blocktrade Crypto Exchange ?

Blocktrade is a cryptocurrency exchange platform that provides a secure and transparent platform for trading cryptocurrencies and digital assets. It aims to become the premier trading platform for institutional clients and professional traders by offering advanced trading features, high security standards, and a user-friendly interface.

Blocktrade’s platform is built using cutting-edge technology and provides real-time market data, advanced trading tools, and a customizable user interface. The exchange offers a wide range of cryptocurrencies and digital assets, including Bitcoin, Ethereum, Litecoin, and Ripple, among others.

Information Table

How To Register At Blocktrade Exchange?

To register on Blocktrade , 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.

Blocktrade Exchange Supported Countries

Blocktrade Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.

Exceptions are the US, China, Japan and countries in the Middle East. Syria and North Korea are also countries whose nationals cannot trade on Blocktrade .

How To Verify Your Blocktrade Cryptocurrency Account ?

There is no mandatory verification at Blocktrade , but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. 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 Blocktrade , Revolut platforms.

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

There are two main options for topping up your balance on Blocktrade . 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 Blocktrade 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 Blocktrade Account ?

There are several steps you can take to help secure your Blocktrade account and protect your funds:

1. Enable Two-Factor Authentication (2FA): Blocktrade offers two-factor authentication through Google Authenticator or SMS verification. This adds an extra layer of security to your account and makes it more difficult for hackers to access your funds.
2. Use a Strong and Unique Password: Use a complex and unique password that includes a mix of letters, numbers, and symbols. Avoid using passwords that you have used for other online accounts.
3. Enable Email Notifications: Set up email notifications for any activity on your account, such as logins, withdrawals, and trades. This can help you detect any unauthorized activity on your account.
4. Verify Your Account: Complete the Blocktrade account verification process. This will help protect your account and reduce the chances of fraudulent activity.
5. Store Your Funds Offline: Consider using a hardware wallet to store your cryptocurrency offline. This can help protect your funds from being stolen in the event of a hack.
6. Be Cautious of Phishing Scams: Be wary of emails, messages, or phone calls that ask for your personal information or account details. Blocktrade will never ask you for your password or 2FA code. Always double-check the URL of the website you are logging in to and make sure it is the official Blocktrade website.
7. By taking these steps, you can help protect your Blocktrade account and reduce the risk of unauthorized access to your funds.

Fees taken when buying virtual currency

Fee schedule

This document determines the fees and any other costs Blocktrade charges for the services. In case of any discrepancies between this document and other material published by Blocktrade or any third party, this version shall prevail.

Trading Fees

Exchange

Exchange modeltrading fees: 0.3% Trading fees are always calculated as a percentage of the trading volume and charged to the user on the quote asset.  Trading fees are calculated to decimal places that reside with a single asset. All FIAT currencies are rounded to two decimal places, and all crypto-assets are rounded to eight decimal places.

If any fee exceeds this decimal limitation, the fee is rounded up to one digit on the last decimal, for example: 

• If the fee for the trading pair BTC/EUR is EUR 1.234, the fee is rounded up to EUR 1.24.
• If the fee for the trading pair BTC/ETH is ETH 3.876543214, the fee is rounded up to ETH 3.87654322.
• If the fee for the trading pair ETH/LTC is LTC 2.766764572, the fee is rounded up to LTC 2.76676458. 

Marketplace

No trading fees – it is all yours. The price displayed for the transaction is the final price including all potential premiums. There may, at certain times, be a premium included for low availability, large or very small orders, or extreme volatility cases. Prices are updated in real time.

Deposit Fees

Crypto-assets

There are no fees for depositing crypto-assets. Users may be charged by third parties that are outside of Blocktrade’s scope and Blocktrade is not liable for such charges.

Fiat currencies

SEPAEuro (EUR): 0.15% of the transaction volume (min. EUR 2) Credit / Debit Cards (Mastercard, Visacard) Deposit made via credit card issued in jurisdictions of the European Union: 2%* of the transaction volume Deposit made via credit card issued in jurisdictions out of the European Union: 5%** of the transaction volume

Users may be charged additional fees by their credit card issuer or bank. Blocktrade has no control over those fees and is therefore not liable for such charges.

Withdrawal Fees

Users may be charged by third parties that are outside of Blocktrade’s scope and Blocktrade is not liable for such charges.

Crypto-assets

Fixed fee per withdrawal:

• 1INCH (1INCH): 2 1INCH
• AAVE (AAVE): 0.02 AAVE
• Cardano (ADA): 2 ADA
• Audius (AUDIO): 25 AUDIO
• Axie Infinity (AXS): 0.5 AXS
• Bitcoin Cash (BCH): 0.01 BCH
• Bitcoin (BTC): 0.0005 BTC
• Chiliz (CHZ): 45 CHZ
• Decentraland (MANA): 10 MANA
• Enjin Coin (ENJ): 20 ENJ
• Ethereum (ETH): 0.005 ETH
• Gala (GALA): 130 GALA
• Chainlink (LINK): 0.3 LINK
• Livepeer (LPT): 1 LPT
• Litecoin (LTC): 0.001 LTC
• Polygon (MATIC): 15 MATIC
• Maker (MKR): 0.001 MKR
• Rarible (RARI): 3 RARI
• Solana (SOL): 0.02 SOL
• SushiSwap (SUSHI): 1 SUSHI
• Storj (STORJ): 15 STORJ
• The Sandbox (SAND): 10 SAND
• Uniswap (UNI): 0.1 UNI
• USD Coin (USDC): 5 USDC
• Tether (USDT): 3 USDT
• Stellar (XLM): 5 XLM
• Ripple (XRP): 1 XRP
• eCredits (ECS): 10 ECS
• Hedera (HBAR): 0.8 HBAR
• EOS (EOS): 0.05 EOS
• Kusama (KSM): 0.01 KSM
• Fantom (FTM): 0.07 FTM
• Polkadot (DOT): 0.05 DOT

Trade On Go Blocktrade Is 100% Mobile Friendly

Blocktrade exchange has a mobile application that is available for both iOS and Android devices. The mobile application allows users to access the exchange’s services, including buying and selling cryptocurrencies, managing their accounts, and tracking their trading activities on the go.

The mobile app has a user-friendly interface that is optimized for mobile devices, making it easy to navigate and use. It also provides real-time price charts, order books, and trading history, allowing users to stay updated on the latest market trends and make informed trading decisions.

To download the Blocktrade mobile app, you can visit the App Store or Google Play Store on your device and search for “Blocktrade “. Once downloaded and installed, you can log in to your Blocktrade account and start using the exchange’s services on your mobile device.

How To Contact Blocktrade Customer Support Team?

If you need help with your Blocktrade account or have any questions, you can contact Exmo customer support through the following methods:

Live Chat: You can use the live chat feature on the Blocktrade website to chat with a customer support representative in real-time.

Phone: Blocktrade also has a phone support line that you can call. The phone number for customer support

Social Media: You can reach out to Blocktrade on their social media channels like Twitter, Facebook, or Telegram to get help.

Features Of Blocktrade Crypto Exchange

Available At Android & IOS Store

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

Convenient Payment Methods

Blocktrade accepts a wide range of payment methods, including UK bank transfers, debit cards, and credit cards.

User-Friendly Interface

The platform has a user-friendly interface that is easy to navigate and use, making it accessible to users of all skill levels.

Trading Pairs

Blocktrade supports a wide range of trading pairs, including BTC, ETH, XRP, USDT, and more. This allows traders to access a variety of cryptocurrencies and trade them against each other.

High Liquidity

Blocktrade provides high liquidity for a wide range of cryptocurrencies and digital assets, allowing traders to buy and sell assets quickly and easily.

Security

Blocktrade has implemented several security measures to protect users’ funds and data, including cold storage of funds, two-factor authentication, and regular security audits.

High Performance

The platform is built using cutting-edge technology and provides fast execution speeds and high performance, even during periods of high trading volume.

Regulatory Compliance

Blocktrade is regulated by the Malta Financial Services Authority (MFSA) and is compliant with European Union (EU) regulations, providing users with a secure and trustworthy platform.

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.

Blocktrade Good Or Bad Points

Blocktrade is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. Here are some potential good and bad points of using Blocktrade :

Good points:

1. Gamified Experience: By gamifying their crypto exchange platform, Blocktrade provides a unique and pleasant user experience. Users may find trading more interesting and amusing as a result of this.
2. Level-Up Rewards System : A level-up rewards system might incentivise users to be active on the platform and perhaps earn incentives for their trading activity.
3. NFT Avatars: The addition of NFT avatars to user profiles adds a creative and unique touch, allowing users to express themselves in the crypto community.
4. Leaderboards: Leaderboards can help traders develop a sense of rivalry and camaraderie, making the platform more dynamic and encouraging participants to improve their trading skills.
5. Multilingual Support : Supporting communities in many languages makes the platform more accessible to a broader audience, increasing its worldwide appeal.

Bad points:

1. Addiction Risk: Gamifying the exchange may lead to certain users trading excessively or improperly, potentially leading to financial losses.
2. Concerns about security: The emphasis on gamification and entertainment should not jeopardize the platform’s security procedures. Users must be confident that their investments are secure.
3. Speculative Nature: Encouragement of a humorous attitude to trading may lead to unsafe investment practices, since some users may value pleasure over sensible financial judgments.
4. Sustainability: The platform’s long-term financial health may be jeopardized if zero trading fees are maintained, necessitating new revenue streams.
5. Lack of Regulatory Compliance: It’s crucial for Blocktrade to adhere to relevant regulations and ensure that their gamified approach doesn’t conflict with financial laws in various jurisdictions.

Is Blocktrade Is Safe Platform To Trade ?

Blocktrade is a bitcoin trading platform that promises to give traders with a safe environment. However, the security of any trading platform is determined by a variety of factors, such as its security measures, regulatory compliance, and user practices.

To protect user accounts and funds, Blocktrade has established security methods such as cold storage for digital assets, two-factor authentication (2FA), and encryption. Furthermore, it has applied for regulatory permits in the European Union, which might boost its reputation and responsibility. Nonetheless, no platform is completely risk-free in the turbulent world of bitcoin trading.

Before engaging in any trading operations on Blocktrade or any other platform, users must exercise caution, use best security measures, and undertake extensive research. To mitigate any dangers associated with cryptocurrency trading, it is critical to stay up to date on the newest developments and adhere to suggested security measures.

In summary, Blocktrade has taken several measures to enhance security, but it’s still important to be cautious and do your due diligence before trading on any platform.

Blocktrade Conclusion

In conclusion, Blocktrade is a secure and transparent cryptocurrency exchange platform that provides high liquidity, advanced trading features, and a user-friendly interface for institutional clients and professional traders. The platform is built using cutting-edge technology and is compliant with EU regulations, providing users with a secure and trustworthy trading environment.

Blocktrade offers a wide range of cryptocurrencies and digital assets, with some of the lowest trading fees in the industry, making it an attractive option for traders looking to buy and sell assets quickly and easily.

Overall, Blocktrade aims to provide a seamless trading experience for institutional clients and professional traders who require advanced trading features, high liquidity, and a secure trading environment. If you are looking for a reliable and trustworthy cryptocurrency exchange platform, Blocktrade is definitely worth considering.

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