Cryptology Overview
What was your first experience as a crypto trader like? To be fair, my crypto journey started small, instead of large BTC futures trading platforms. Getting familiar with how they work, I started embracing them, but it did not change the fact that I’m always looking for simplicity when it comes to trading.
Reflecting on my experience, I thought to myself: “What makes for a good and apprehensible exchange platform?” And most importantly: “What existing brands can comply with those characteristics?” And the answer was not so long in coming.
Cryptology is one of those platforms that could be an ideal way to go for both people starting with crypto-trading, as well as for experienced traders. In this article, you will find out why less is often more, and how minimalism can make the life of even a professional trader easier.
Things that Will Improve Your Crypto-Trading Experience
- Simplicity. Simplicity implies quicker processes, which is essential in trading. Dealing with a complicated platform, the chances are, you have probably come across speed problems, and, perhaps, even crashing. Simple BTC futures exchanges can fix these problems.
- Fees. We bet no one would want their profit to be eaten by high and unreasonable fees.
- Access. Since trading is international, many sites from various countries can be used for that. Make sure to check the list of restricted regions before making any manipulations and wasting your time. I was once careless enough. Needless to say, it was not very satisfying.
- Leverage. No trader can go without it, at least the one who is intended to get a real profit.
- List of cryptocurrencies. Some traders want to work and study tendencies of many currencies simultaneously, while it is not so important for others. Choose based on your personal needs.
- Seamless transactions.
Cryptology: the Exchange Platform with no Fees
This BTC futures trading platform allows all traders not to worry about transaction fees, as well as provides a generous bonus for newcomers.
Till September 30, do not miss your chance to trade crypto derivatives with no fees, while still having your bonus of a hundred bucks for the first account replenishment, and leverage of 100x.
We hope that this review will be of great help to everybody interested in Cryptology as a trading site. Here, we will focus on all the main steps and features, including registration, transactions, trading possibilities, and more.
Cryptology Earn
If you are someone looking for a possible source of income, we are glad to inform you that recently Cryptology released a service that allows traders to do just this. Among cryptocurrencies available, you can come across conventional, and also brand new ones. All the purchases can be done via common payment methods, i.e. credit/debit cards, while you will be up-to-date with all the rate changes to make some adjustments if you want to.
Depending on which currency you wish to invest in, the profits may vary: from conservative 7-8% on BTC, up to 10% or even 15% on others.
Registration Procedure
This process is as easy as pie, so all you are required to enter is your name, surname, email address, and password. There is also an option to log in using third-party networks, like your Google account.
When creating an account, you will be asked to pick between two types of accounts:
- personal (suitable only for trading purposes: Trading account)
- institutional
In turn, it is also segregated into:
- Trading account (all the transactions, including deposits and withdrawals, are available in cash or bank cards);
- Global account (cash transactions are only available for deposits).
Verification
Verification on Cryptology is a crucial step since it determines your account limits. Essentially, there are 2 verification steps:
- Providing passport/ID, or any other document certifying your identity, and a selfie holding that proof. Thus, your limit will be set at 10 grand.
- Providing your address will remove all the limits.
Spot Exchange and Futures
Both of these trading methods are available and comfortable to use at Cryptology. They are rather similar: you can check your orders, history of operations, data and information, and simplified buy/sell procedure. The only difference for futures is that one can also count on leverage.
Fees and transaction methods
Any trading action has 0.002 fees, while for others it will depend on a buy/sell amount. When it comes to cash, you’d be charged 2.65% for deposits with bank cards with the $25 minimum. The only exception is Brazil, where users can be charged even more or a bit less, and deposit as low as one buck.
If you are to use SEPA, you will only be charged 0.45% with a one euro minimum deposit. Bank transfers would not have any fees, yet the minimum deposit amount is set at 25 euros or dollars (available only for those who completed the two-step verification).
Speaking about payouts, cash withdrawals are available only for users that have Institutional accounts. In this case, they are charged 7 euros and can withdraw no less than 50 euros.
However, if you are to make transactions using cryptocurrencies, be aware that the conditions are not identical, and not all of them are available for deposits and withdrawals.
Regions
Cryptology can be accessed from any country in the world, except for the US and Japan. While some of the popular platforms to buy crypto stop working with big European countries, Cryptology has no intention to do that and keeps on providing its services all over the globe.
Upsides and Downsides
Upsides:
- Big leverage available for futures trading;
- Match bonus of hundred dollars for the very first account replenishment;
- Customer support. I wanted to see how fast Cryptology support would help me out, so I asked them a few questions to clarify verification information. They were quick to reply to me in a very respectful manner;
- The affordable minimum amount for orders. You can place an order on Cryptology exchange with only ten cents;
- It can be accessed almost from any place in the world (except those mentioned above).
Downsides:
- Lack of margin trading for spot transactions;
- No cash can be withdrawn with a trading type of account.
We would like to sum things up by saying that any trader can benefit from using Cryptology thanks to its accordance with the things we consider crucial for any cryptocurrency exchange platform, as well as other unique advantages it offers.
Did you find this review helpful? What do you have to say about crypto exchanges and Cryptology in particular?
