We all know that money is not something you play with, so take this reading seriously, we want you to do well and make sure a lousy choice doesn’t lead to a worse experience. So, sit back and enjoy the review we’ve made especially for you and your well being on What is Qryptos exchange?
Owner: QUOINE Pte. Ltd
Price: Deposit as little you was
Overall rating: (3.8 / 5)
QRYPTOS, found online at QRYPTOS.com, is a cryptocurrency exchange designed exclusively for cryptocurrency trading. On June 15, developer QUOINE announced the beta release of QRYPTOS. All processes on CRYPTOS are fully compliant with global KYC (Know Your Customer) and AML (anti-money laundering) standards, which means you’ll need to jump through some verification hoops before joining the platform.
The exchange also claims to have superior asset protection and secure trading across all its platforms. What’s the difference between QRYPTOS and other bitcoin exchange? QRYPTOS only deals with cryptocurrencies. No fiat currencies are available for exchange on the platform.
What is Qryptos exchange? The platform provided by QRYPTOS is web-based, with mobile apps promised for the future. Traders can fully customize the layout to their preference, but the main limitation of browser platforms still applies – everything must be in the same window. When it comes to the charting, one can choose between the charts provided by either TradingView or Cryptowatch.
As you can see from the picture, the charts aren’t properly configured yet, or the trading activity is rather minimal. Additionally, they have maintained one of the features from QRYPTOEX, which we didn’t like – the order book is still placed vertically. As far as our tinkering with the platform, we couldn’t find a way to make it appear better. That being said, this still a fairly new project, so such things should not be surprising.
Trading instruments (cryptocurrencies)
Quite a few coins are available at QRYPTOS. The full list includes Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Ethereum Classic, Monero, Zcahs, Sellar, Dash, Augur and NEM (13 trading pairs in total). While the selection isn’t as big as the one provided by Bittrex, for instance, it is still very solid.
The main way of attracting volume to the QRYPTOS exchange is the fee structure. While a lot of exchanges offer slightly better conditions for market makers, going into negative territory I.e. paying rebates for providing volume is usually reserved for the big traders. QRYPTOS offers a 0.075% rebate for everybody who provides liquidity on their platform. The taker fee is a very competitive 0.15%. In effect, the company is giving 50% of its profit to the passive traders.
Before you think, you can become a liquidity provider at QRYPTOS and make money without taking any risk, we will have to clarify how exchanges work. A market “maker” (not to be confused with a forex market maker) is a trader who places pending orders on the exchange, hence filling the “order book”. A taker is anybody who sends a market order, entering directly at the best possible price. If you decide to be a liquidity provider, who simply aims to profit from the buying and selling of others, you will still be taking a significant market risk. Whenever a swift market move occurs, you will be taking the other side.
Methods of payment
QRYPTOS only accepts cryptocurrency transfers. They are possible in all of the coins, which the company supports.
How to Use QRYPTOS
You can sign into QRYPTOS and start trading today through your web browser. It’s available online at QRYPTOS.com. The platform is still in beta. In the future, QUOINE plans to release versions for Android and iOS.
What is Qryptos exchange? The Verdict
A very solid, regulated and transparent operation, built on a unique and feasible business model, Qryptos has been created to tackle a very controversial crypto-industry issue: that of ICOs. Will these guys succeed where others have failed? If they won’t, it certainly won’t have been for lack of ambition.
QRYPTOS is a new exchange created by QUOINE, the company. It offers great features and trading speeds, but doesn’t accept any fiat currencies or world currencies: QRYPTOS is exclusively designed for cryptocurrency trading.What is Qryptos exchange? It is a Legit Platform but not fully recommendable since its a bit new.
I am not recommending Qryptos trading/exchange platform, it is still very early stages and the platform is very unreliable. If you decided to use Qryptos, you need to keep in mind that anything can happen and be ready for anything. I am not saying that you should not trade or use Qryptos, and it is your own decision to do so. I just want to get some of my research about them.
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I wish you the best!
Crypto trader and blogger on: