CRYPTOLOGY REVIEW

Overview

Cryptology was established in January 2018 and has its headquarters in Singapore. The Cryptology exchange platform is one of the largest cryptocurrency platforms in the world, attracting numerous cheapest crypto exchange platforms around the world.

Cryptology aims to provide its trading services to investors worldwide, but due to regulatory restrictions in Japan and the USA, the exchange platform is not available there. The reason for this restriction in Japan and the USA is not a lack of quality services from Cryptology but because the exchange platform is a remote trading venue.

Cryptology Trading
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What is Cryptology?

Anyone who wants to operate cryptocurrencies can do so easily and affordably 

on the Cryptology exchange platform. The exchange platform consists of two parts: a cryptocurrency exchange and a cryptocurrency community exchange. The company’s goal is to make digital currency operations simple and affordable for everyone. The company cryptology is dedicated to developing a product that we would want to use ourselves. Cryptology, the largest cryptocurrency exchange platform, is dedicated to making digital currency operations straightforward and cost-effective for everyone. The objective of the group of Crypto specialists and enthusiasts is to establish a product that we would enjoy using. The organisation is new, but it’s well-established and stable in its structure with high levels of technological sophistication, automation, and complexity. The company’s workforce strives to provide all the tools needed for a unique trading experience.

Features of Cryptology

A New Passive Income Feature

In September 2021, Cryptology created the Cryptology Earn program. You can earn stable coins without doing anything. You can deposit bank cards to earn stable coins. After you deposit, you can check your earnings and then withdraw or reinvest to multiply them. The size of the earnings, and their dependability, depend on the chosen currency. If you use USDC, USDT, or DAI, you will receive 15%, 8%, and 6%, respectively. If you use BTC, you will get 8%. The deposits are ongoing for free.

Registration process

The registration procedure is unassuming and tranquil. It requires you to specify your true name, email, and a strong password. You may also choose to register with a Google account.

Personal accounts must register with a Trading account. Beyond that, learn the following: 

  • The global account is designed to let you exchange fiat currency for cryptocurrency using only wire transfers or bank cards. You can also cash out fiat/crypto for fiat amounts.
  • A cryptocurrency trading account is also available, but withdrawals are restricted to cryptocurrencies.

Only Master and Visa transactions are accepted with a Global account. With a fiat deposit account, you can only cash out with a wire transfer.

Verification Options

To sign up, you must also pass a Cryptology account verification. 

Basic verification is free. You’ll receive a limit of $10,000. Just take a picture of yourself holding a document and submit it. 

  • Give us your valid address and you can have full verification.

Futures with Spot Exchanges

If you are searching for highly intuitive Spot Exchange and CME BTC futures, Cryptology is the right place for you.

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Liquidity

It has been noticed that liquidity is increasing over time. Although the 24-hour trading volume was approximately USD 3.4 million when this review was created on 20 November 2019, it had increased to approximately USD 4.7 million by the time of the last update (2 December 2021). This had increased from almost USD 47.3 million to almost USD 47.3 million. The volume is still relatively modest compared to the dragons in the crypto exchange industry, but there is a very positive trend.

US-Investors

We believe that excluding US investors is a regulatory decision. To trade on Binance, you must have a BNB wallet or we will direct you to a different exchange. Using our Exchange Finder or Exchange List filters, you can find the best exchange for you.

Cryptology Trading View

There are different perspectives on exchanges. You should determine which viewpoint matches your needs the best. When it comes to looks, exchanges differ considerably. You should determine for yourself which trading view you prefer. Both show the order book or at least a portion of it, a price chart of the selected cryptocurrency and order history, as well as buy and sell buttons. Before signing up for an exchange, you should test it out to make sure that it fits your taste. The following snapshot illustrates the Cryptology exchange trade view.

Cryptology Fees

Cryptology Trading Fees

Their flat fee is 0.20%, which is in line with or even slightly below the global industry average of 0.25%, according to data. This is a “flat fee model”, in other words, where the taker and maker charge the same fee regardless of whoever is doing the making. They don’t charge any different fees between takers and makers.

Cryptology Withdrawal fees

The Cryptology exchange charges no withdrawal fees on BTC, but then hits you with a high withdrawal fee when you withdraw. Many exchanges have competitive trading fees but then hit you with withdrawal fees. Cryptology, on the other hand, only charges 0.0005 BTC when you withdraw BTC. This is also 40% cheaper than the global average of 0.0008 BTC.

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Deposit Methods

You may also send cryptocurrency to this institution’s fiat currency transfer. It is also possible to wire or credit your fiat currency here. New crypto investors may also benefit from this feature.

Cryptology Pros & Cons

Pros
  1. We were able to receive expert assistance from their representatives. The waiting period was only ten minutes, and they were both very pleasant and competent; 
  2.  With your first top-up, you may receive $100; 
  3.  There are no fees for withdrawals and deposits, plus 100x leverage (rules apply); 
  4. Order sizes from $0.10;
  5. Available worldwide except for the USA and Japan.
Cons
  1. Spot Exchange does not allow margin trading; 
  2.  Fiat withdrawal is unavailable. 

Conclusion

The information provided in this Cryptology exchange guide provides an overview of what to expect from the exchange platform so that you can make an informed choice if it meets your needs. However, if you aren’t convinced enough about the performance of the platform, you can always visit it to learn more before you finally decide if it’s right for you.

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