CryptoMarket (CryptoMkt)

CryptoMarket Review

What is CryptoMarket (CryptoMkt)?

CryptoMarket is a cryptocurrency exchange from the Republic of Chile. It has been active since 2016.

CryptoMarket Advantages

This exchange primarily promotes three things as key benefits with its platform. First off, the platform is simple to use. Second, it is trustworthy. Finally, it is safe. All of these features are naturally very important to any prospective user of the platform.

US-investors

US-investors may not trade on this exchange. So if you are a US-investor and want to trade at CryptoMarket, you’ll have to reconsider your choice of trading venue and choose one of the other top crypto exchanges.

Mobile Support

CryptoMarket also offers its trading platform as a mobile application. Regardless of whether you have an iPhone or an Android phone, you can download the exchange’s application to your phone.

CryptoMarket 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. In spite of a lot of attempts, we have not been able to acquire a view of the trading interface at CryptoMarket. This is because we have not been able to create an account with this exchange. We apologize for any inconvenience this may cause.

CryptoMarket Fees

CryptoMarket Trading fees

Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers are so named because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers’ orders with their own.

CryptoMarket’s trading fees for takers is 0.68%. This fee is way above the industry average. The industry average is arguably around 0.25%. Makers enjoy a slight discount on the trading fee and they trade with a trading fee of 0.39%.

CryptoMarket Withdrawal fees

CryptoMarket's withdrawal fee is 0.0005 BTC per BTC-withdrawal. This fee is a bit below the industry average. The global industry average BTC-withdrawal fee the last time we at Cryptowisser did a full-blown empirical study of it was approx. 0.0008. But today, we see more and more exchanges charging 0.0005 BTC per BTC-withdrawal, so one could argue that 0.0005 BTC is starting to become the new industry average.

Deposit Methods

This particular trading venue offers wire transfer as a deposit method, but you can’t deposit via credit card. This of course negative news to you if you would prefer to use your credit card for any reason. However, as the exchange accepts deposit of fiat currencies at all, it distinguishes itself from many exchanges that only allows deposits in cryptocurrencies.

CryptoMarket Security

If you’re happy with what you’ve read above, click here to sign-up to the exchange and receive 1 EOS from the exchange as a welcome bonus!