; A review of a horsepower platform

A review of a high horsepower platform: is a cryptocurrency exchange that offers a wide range of trading pairs, including Bitcoin, Ethereum, Litecoin, Ripple and more. Its main advantage over other exchanges is that it’s based in Cyprus, which has been one of Europe’s leading financial centers for years now. Review – Is Legit? is a cryptocurrency exchange that offers a wide range of trading pairs, including Bitcoin, Ethereum and Litecoin. It’s based in Singapore, an island country in the Mediterranean Sea that’s one of Asia’s leading financial centers for years now. was founded in 2017 by two young entrepreneurs with good intentions: to create an easy-to-use platform where anyone can buy or sell cryptocurrencies without having any knowledge about them or technical skills required to use them properly on other platforms. The founders wanted to create something accessible for everyone without any technical skills whatsoever needed to use it properly on other platforms such as Binance or Coinbase & Co.
Whether you’re just starting started in the world of cryptocurrencies or a seasoned trader, there is no component of the trading process that is more vital but often ignored than selecting the best trading platform for your requirements. Your broker of choice will vary greatly depending on your degree of experience, the frequency of your transactions, and the sort of assets you desire to trade.

In this review, we will look at as a broker and see who the greatest traders or investors are.

What exactly is is a cryptocurrency exchange that allows for a wide range of trading and investment activities, including but not limited to staking, wallets, and NFTs. As well as additional features and functions such as;
users may trade over 250 cryptocurrencies with reduced costs compared to the industry norm using the app and exchange. In addition, as we shall see in the fees section, consumers can enjoy a discount by investing in the currency (CRO).

It began as a crypto exchange in 2016, and it has since evolved into a full-fledged crypto ecosystem with a wide range of features and services, including the app, the exchange, the DeFi swap, the wallet, Pay, Earn, Credit, and other services, all of which will be discussed further below in this review.

While this is not the case

While it is not a licensed exchange, it collaborates with regulatory authorities all over the world and has expanded over the years to make trading as simple and frictionless as possible for traders.

The Visa Card, which allows customers to quickly make cryptocurrency payments at a range of retailers globally, is one of’s hallmark products, which we will examine in depth below.
Pros and Cons of

The exchange and app offer various advantages, which include:

A Wide Range of Cryptocurrencies

The Exchange is one of the world’s largest and most popular exchanges, which is partly due to its enormous trading volume and diversified array of cryptocurrencies available for trading by users.
While we will go through their cryptocurrency collection in greater detail later, it is crucial to understand that allows customers to quickly trade over 250 different cryptocurrencies.
Furthermore, this trading is available in a range of marketplaces, including spot trading markets, futures markets, and several sophisticated order types.

Beginners will find it simple to use
Many of the more popular cryptocurrency exchanges typically lose out in terms of target audience and customer onboarding by attempting to incorporate as many trading features and advanced tools as possible, with the goal of providing experienced traders with everything they might require in one place.

Nevertheless, the universe of cryptocurrencies is still relatively young and changing, and it is crucial to note that many people are just starting started with cryptocurrency trading and may not be familiar with all of the complex tools and features.
As a result, many channels might be frightening to new investors. This is not the case with the exchange, which has been built to be simple to use and navigate. Even a novice who has never traded before may easily sign up for and begin trading.
The same is true for the mobile app, which has a highly contemporary and user-friendly design.

Fees are low
Many prominent cryptocurrency exchanges typically demand exorbitant fees, especially as they expand and include more and more assets. This is not the case with, which charges relatively competitive trading costs when compared to the rest of the market, especially given the huge number of assets that can be exchanged through
Users, for example, can receive a fee reduction just by investing in the Coin (CRO). Even without these reductions, the costs connected with the app and exchange are relatively minimal, making the site very appealing to frequent traders.

Strong security precautions

While we go into further detail in the security part of our review, it is crucial to mention that is one of the most secure cryptocurrency exchanges in the world, as evidenced by the platform becoming the target of an attempted hack.
The platform employs a number of security mechanisms to secure its users, their dollars, and their data. Given the platform’s huge trading volume and diversified ecology, it’s no wonder that has been the target of multiple cyberattacks; nonetheless, the platform’s security features are industry-leading.

Blockchain Ecosystem
As previously said, one of the primary reasons why consumers choose the app over others is the advantage it has over other trading platforms is simply owing to its big and diversified ecology.

This means it is a one-stop shop for all of your cryptocurrency requirements, whether you want to trade cryptocurrencies, stake your digital assets, trade NFTs, or just spend your cryptocurrency at millions of merchants worldwide.

Visa Card for
The visa card is one of their hallmark products and one of the nicest aspects of utilizing as a platform. The cards are divided into levels that users may select based on their needs and requirements.
Each tier of the visa card comes with its own set of benefits and privileges, such as cashback of up to 8% on daily purchases, larger staking rewards, and the social clout that comes with holding a crypto metal card that allows you to make crypto payments anywhere in the globe.

Possibilities for Passive Income
The app also provides a range of passive income alternatives for users to earn interest on their idle bitcoin holdings, the most well-known of which being the Earn function.
Users may use this function to deposit their cryptocurrencies in a manner similar to depositing monies into a bank account, and receive interest on the funds. This is a type of staking, although it is legal.
This is a type of staking, but it is far more handy, adaptable, and simple to engage in.’s Earn features also provide a range of additional passive income options.

Cons of

Every currency has two sides, and the trading platform is no exception. The platform has various drawbacks, which include:

Poor Customer Service
One of the most significant disadvantages of utilizing the app is that they have very poor customer support, and they have frequently been criticized by consumers of being inattentive or useless.

This becomes more of a concern when you realize that customer care has been poor even when it comes to major account security issues and difficulties.

Significant Favoritism for $CRO Holders

Users trading on the platform can obtain trading fee savings by holding $CRO, as we discussed before in our review. While this is beneficial to the holders of these tokens, it has the potential to become a double-edged sword.
For example, there have been multiple accusations that the platform’s fee structure is significantly skewed against $CRO holders, making it nearly hard to trade economically on the platform without $CRO tokens.
This also applies to the use of $CRO, since a higher discount can be applied if you deal using $CRO rather than stablecoins, fiat currencies, or other cryptocurrencies.
Likewise, users may only obtain larger stakes. Clients can only earn larger staking incentives if they stake $CRO tokens, while the payouts for other tokens are lower.

Inadequate Instructional Resources

As previously said, the cryptocurrency market is very young, and many people are just getting started with cryptocurrencies and/or trading. As a result, one of the most important crypto services provided by any cryptocurrency exchange is the availability of instructional content and learning material that customers can utilize to learn more about the platform and trading in general.
There is a shortage of such instructional information on especially, which makes the learning curve connected with trading on steeper and more difficult to manage.

Threshold Reserves are Cost prohibitive

The crypto markets are recognized for their high degree of volatility when compared to paper currencies, which is why novice investors may not want to risk a large amount of cash in them at the beginning of their trading experience.
To cater to such consumers, trading platforms typically enable users to open accounts with relatively minimal minimum deposit requirements. This, however, is not the case with To open an account and begin trading with the app, the minimum investment is $500 by bank transfer, which may be too expensive for some investors and traders.

The same is true if you want to withdraw monies
You may withdraw cash by bank transfer, and the minimum amount you can withdraw is $500.

Some countries have restrictions
While we noted in our review that the site has a large number of cryptocurrencies to trade, this may not be the case everywhere. The exchange offering is relatively restricted in numerous countries, including but not limited to the United States, and may not provide the full range of functions.

Constrained Crypto-to-Crypto Trading Assistance

While the Exchange provides a wide range of cryptocurrencies for users to purchase and sell, the App only provides extremely limited support for crypto-to-crypto trading and does not enable you to swap one crypto for another in some regions.

It does not enable you to exchange one cryptocurrency for another
As a result, if you use the App, the only thing you can do with your bitcoin balance is swap it for fiat currencies. If you want to exchange one cryptocurrency for another, you must go via the Exchange, which might be problematic when you need to trade rapidly.

The Origins of was established in Hong Kong in 2016, and it has since expanded to serve over 250 cryptocurrencies to over 10 million users worldwide. According to studies and surveys, presently has consumers in over 90 countries, where it provides a variety of bitcoin services and other related additional elements related with the ecology.

One of the primary reasons for the platform’s rapid growth is the vast range of cryptocurrencies that can be exchanged on it, as well as the extensive list of functions that it provides. has uniquely positioned itself in the market as much more than a trading platform – in fact, as you will discover in our review, the site is not particularly ideal for you if all you want to do is buy and keep your cryptocurrencies.
The trading platform is best suited for those who want to take advantage of’s full ecosystem and utilize it to construct a more comprehensive cryptocurrency offering
Furthermore, the platform is appropriate for anybody who intends to utilize cryptocurrencies as a means of payment and a real currency rather than merely as an asset to trade. – Cryptocurrencies on the Market

As previously stated, the Exchange offers over 250 cryptocurrencies, which users may purchase, sell, and trade on the platform. Furthermore, a subset of these currencies is accessible for staking, allowing holders to receive rewards on their idle cryptocurrency.
Some of the more notable cryptocurrencies available for trading on the platform are:

Bitcoin (BTC)

Ethereum (ETH)

Cardano (ADA)

Dogecoin (DOGE)

Polkadot (DOT)

Aside from that the platform includes its own native token, the CRO coin. Holders of the CRO token are rewarded with cheaper fees, increased staking interests, and a higher percentage of cashback on Credit Card purchases.

Fees for

There are two sorts of fees charged by any trading platform: trading fees and non-trading costs.

Trading Fees
Trading fees are the fees that users pay in order to place and have orders executed on the platform. The majority of bitcoin exchanges impose fees in one of two ways: spreads or commissions.


The spread is the difference between the bid and ask prices. This strategy is generally used by trading platforms that act as market makers or the counterparty’s position in the deal As a result, you are trading against the platform.
When this occurs, there is frequently a gap between the price at which the asset may be purchased and the price at which it can be sold at any given time. The purchasing price, also known as the bid price, is nearly always higher, and the gap between the two is referred to as the spread.
This basically indicates that if you bought and sold an item at the same moment, you would suffer a loss.


Another type of trading fee that an exchange may impose is a set payment on each trade that you make. This is a relatively rare occurrence.
This is often a very tiny proportion of the trading volume and is applied in a diminishing way, i.e. the larger your trading volume, the lower the fees you will have to pay in this respect.

Trading Fees on

The cost structure is mostly commission-based, with customers paying a predetermined percentage of their trading volume as platform fees.
To begin, customers who do not own $CRO tokens and have a monthly trading volume of less than $25,000 will pay a 0.4% trading charge on each trade. This is somewhat lower than the industry average, but not by much.
Users may also obtain a discount on their trading costs by holding $CRO tokens, and owning 5,000 CRO tokens will lower.
If your monthly trading volume is less than $25,000, your costs will be reduced to 0.36%.
The more CRO Tokens you own, the cheaper your trading costs will be.
Another key factor to consider when it comes to costs is that it has a maker/taker fee system. This is what it means:

Maker orders are orders that offer liquidity to the market and are charged a lower fee. As a maker, you might pay as little as 0.04% every deal.

Taker orders are orders that remove liquidity from the market and are subject to higher costs. As a taker, the lowest costs you may pay are 0.1% per trade.

Non-Trading Charges

Aside from the trading cost, cryptocurrency platforms have a range of extra incidental fees and charges are frequently charged. These are covered in further depth below.

Deposit Charges

Most cryptocurrency exchanges impose fees for consumers to deposit funds into their accounts. There are no fees involved with depositing funds to your trading account on, whether you do it in fiat currency or cryptocurrency. The only expenses you’ll have to pay are the network fees linked with your deposit.

Fees for Withdrawals

Similarly to deposit fees, most cryptocurrency exchanges impose costs to withdraw funds from the site. There are withdrawal charges involved with withdrawing money from your account, depending on the mode of withdrawal.
There are withdrawal charges involved with withdrawing money from your account, depending on the mode of withdrawal you pick.
Withdrawals to crypto wallets, for example, are free less the gas costs you pay for the transmission. This is extremely reliant on the network you use to withdraw your money as well as the currency you withdraw.
When you withdraw funds by bank transfer, on the other hand, you will be charged withdrawal costs. The minimum amount you can withdraw in this case is $500, and there is a $25 fee for doing so.

Ecosystem of

The ecosystem includes a variety of features and components, which have been detailed below and these have been thoroughly covered here. Investing in Cryptocurrency

You may spend cryptocurrency anytime you want with the Credit Visa Card. Because the card was created in collaboration with Visa, it may be used by a wide range of retailers all over the world.
In addition, if you use the visa card to make a payment, you will receive a cashback. This cashback varies depending on the type of card you use and may be as high as 8%.
As a result, the credit card is a more efficient way of utilizing your fiat cash because it allows you to skip the withdrawal procedure and spend your cryptocurrency instantly.

Earnings from Cryptocurrency

Earn money with’s Earn feature

Users may deposit their idle cryptocurrencies and earn interest on them using the Earn service, comparable to earning interest on deposits put into a bank account.
You may earn up to 7% interest on ordinary cryptocurrency deposits and up to 14% interest on stablecoin deposits. This interest is computed weekly and transferred into your trading account, allowing you to make passive income on your crypto assets in a more flexible manner.

Credit for Lending enables customers to receive loans in fiat money by using their crypto assets as collateral, such as BTC and CRO tokens.
Depending on a variety of criteria, these loans can be made with up to 50% LTV. This implies that you can borrow up to 50% of the money you want to put up as collateral through


By joining up to the NFT platform, users of the platform may also access NFT collections created by A-list singers, artists, and businesses.
This website allows users to purchase NFTS using their credit or debit card, which are then sold on the marketplace. Bidding for these NFTs begins at $0.


Traders that utilize the Exchange may also gain access to the Syndicate and buy cryptocurrencies at steep discounts when they become available.
Users, for example, may get discounts on cryptocurrencies such as BTC, DOT, and ZIL available at up to 50% off.

Market of

The Prices tab on the website also allows users to easily and efficiently follow the prices of all major cryptocurrencies.
This page provides the most current token price, market capitalization, and market movements for the token. Users may also learn more about the token. Security employs a number of security measures to keep customers and their wallets as safe as possible when trading on the platform.
For example, multi-factor authentication is a security system used by the platform to ensure that no one else has access to a user’s account without their knowledge or without physically accessing their device.

To combat fraud, employs a number of compliance procedures. They hold the bulk of their deposits offsite, as is common industry practice, to prevent hackers and losses from cyberattacks.

Furthermore, the platform offers FDIC protection of up to $250,000 on USD deposits made through the site.

Signing Up at

As previously said, the procedure of registering for a trading account on is actually fairly simple, as shown below.

Step 1: Register with

This is as easy as going to the website and hitting the sign-up button. At this point, you will be prompted to input information such as your name, email address, and contact information. You will also be required to create a password for your account.

Step 2: Make a deposit

The next step is to make a deposit into your account. This is only possible once you have confirmed your account and completed the KYC procedure, which requires you to provide confirmation of identification and proof of residence.
You may then fund your Account through bank transfer, credit/debit card, or any existing cryptocurrency wallet. Funds can be added in both fiat currency and cryptocurrency form.

Step 3: Start Trading

The final step is for you to just start trading. Once you’ve deposited the monies, you can do this.
To deposit cash into your account, go to the App Marketplace, search for the cryptocurrency pair you want to trade, input the amount, and click buy or sell. The order will be carried out relatively instantly.

Conclusion on is a wonderful option for traders who want to do more than just buy and store cryptocurrency. It allows customers to access a wide range of bitcoin services at affordable fees thanks to its extensive offers and their ecosystem.
The platform is ideal for those who are comfortable in the realm of cryptocurrency and want to broaden their horizons.

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