Cryptology

Cryptology Review

What is Cryptology?

Cryptology is a centralized crypto exchange registered in Lithuania. It has operated since 2017 and currently supports 284 coins, 300+ trading pairs, and 15+ futures contracts. Cryptology also offers custodial and non-custodial staking for numerous assets. Cryptology’s innovative crypto debit card enables seamless payments and ATM withdrawals, directly exchanging digital assets
for fiat.

Supported Cryptos

You can trade top tokens like BTC, ETH, and SOL, meme coins like DOGE and PEPE, and numerous other altcoins at Cryptology.

Website Interface: How Friendly Is It?

Cryptology is available in 20 languages, including Spanish, Japanese, German, and Polish, catering to traders globally. Intuitive navigation makes it suitable for beginners.

The Markets section provides an overview of current cryptocurrency prices and their 24-hour change. Each token features a quick-access Trade button and a Details button to learn more. You can categorize tokens by type (DeFi, NFT, Stablecoins, and more), which streamlines the process of finding new tokens to invest in.

In the Exchange menu, you’ll find all the available tokens along with an order book. Recently, Cryptology added a beta version of trading bots for perpetual futures, so we expect the feature to be officially rolled out soon. Staking page offers two types: custodial and non-custodial. It clearly describes the benefits of each option, the APR, lock-up term, and how it works, so you can make an informed decision.

Cryptology Mobile Support

Cryptology is also available on smartphones through an intuitive mobile app. Offering real-time market data, staking, and hundreds of trading pairs, it’s a full-fledged trading platform rather than a watered-down version of the desktop app.

Customer Support

You can get in touch with Cryptology customer support via email or live chat, which is available in English, Portuguese, and Spanish. You’ll be greeted by a bot initially but a human customer agent will help you on request. Additionally, cryptology has a comprehensive online knowledge base that provides answers to frequent questions and educational blog articles.

Liquidity

Cryptology is witnessing a steady growth in liquidity over time. When we first prepared this review on 20 November 2019, the 24-hour trading volume was approximately USD 3.4 million. This had increased to USD 52.1 million on 2 October 2024. USD 52.1 million is still quite modest compared to the dragons in the crypto exchange industry, but the trend is very positive.

US-investors

US-investors may not trade here. The reason for excluding US-investors are primarily regulatory reasons. If you’re a US-investor, don’t despair! You can find the best exchange for you to trade at by simply using our Exchange Finder or using the filters in our Exchange List.

Cryptology Trading View

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at Cryptology:

Cryptology Fees

Cryptology Trading fees

This exchange doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. Their flat fee is 0.2%. This aligns with – or even slightly below – the global industry average which is arguably around 0.25%. For futures contracts, Cryptology charges a 0.05% maker and taker fee.

Cryptology Withdrawal fees

Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. Cryptology, however, has no withdrawal fees for crypto. This is a significant advantage, as the global industry average is around 0.0008 BTC. It’s worth noting that Cryptology charges a 7 USD/EUR fee for fiat withdrawals, regardless of the withdrawal amount.

Deposit Methods

This exchange is an “entry-level exchange”, meaning that you can also deposit fiat currency here. In fact, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors.