CryptoView

CryptoView Review

What is CryptoView?

The first thing to do here is to clarify what CryptoView is. It is not a crypto exchange. They describe themselves as a "trading and portfolio management platform with multi-exchange support". So what they do is that they give you a view into the order books and available trades to make, at a number of other exchanges. We do feel however that seeing as you can purchase cryptocurrency from the CryptoView platform (albeit with the help from other exchanges), they qualify to be included in our Exchange List.

The company is from Bulgaria and launched in 2020.

Supported Exchanges

So which exchanges can you access through CryptoView's portfolio management platform? On the date of first writing this review (2 September 2020), you can access 15 different exchanges. These exchanges were Binance, Bitfinex, BitMEX, Bitstamp, Bittrex, CEX.io, Coinbase, Coinbase Pro, CoinEx, HitBTC, Huobi, Kraken, KuCoin, OKEX and Poloniex. What options you have available through CryptoView in terms of charting, overview of balances, trading etc, is clearly stipulated in the below table:

CryptoView Trading View

Every trading platform has a trading view. The trading view is the part of the exchange’s website where you can see the price chart of a certain cryptocurrency and what its current price is. There are normally also buy and sell boxes, where you can place orders with respect to the relevant crypto, and, at most platforms, you will also be able to see the order history (i.e., previous transactions involving the relevant crypto). Everything in the same view on your desktop. There are of course also variations to what we have now described. This is an example of a trading view at CryptoView:

It is up to you – and only you – to decide if the above trading view is suitable to you. Finally, there are usually many different ways in which you can change the settings to tailor the trading view after your very own preferences.

CryptoView Fees

CryptoView Trading fees

Seeing as you don't trade at CryptoView, only through CryptoView, the fees you pay when you make a trade are the fees charged by the chosen exchange. As such, CryptoView doesn't charge you any trading fees. However, it would be incorrect to list the fees here as 0.00% for two reasons. One, it would give the impression that you as a trader could trade for free, which you can't seeing as you still have to pay the chosen exchange's trading fees. Two, CryptoView has a monthly membership fee. The fees are stipulated in the below image:

CryptoView also has a permanent offer in place through which you can try their services for free for 30 days.

As for the trading fees we have listed in our database (0.35%), this is the average taker fee among all exchanges that are currently supported by CryptoView. The fees range from 0.09% (Poloniex) to 2.00% (Coinbase). We felt that the average trading fee was the most accurate data point for comparison purposes. 0.35% is substantially above the global industry average, being around 0.15%.

CryptoView Withdrawal fees

In the same way that we explained above under CryptoView Trading Fees, we have used 0.000482 BTC per BTC-withdrawal as CryptoView's BTC-withdrawal fee, seeing as that it the average BTC-withdrawal fee among all exchanges that are currently supported by CryptoView. Please be advised however that you can not withdraw crypto from the CryptoView platform itself. Withdrawals are always initiated with, and processed by, the supported exchanges.

The BTC-withdrawal fees among the supported exchanges range from 0 (Coinbase Pro) to 0.00085 BTC (HitBTC). We felt that the average trading fee was the most accurate data point for comparison purposes. 0.000482 is actually a bit below the global industry average, which is arguably slightly above 0.0006 BTC per BTC-withdrawal.

US-investors and Deposit Methods

US-investors

Why do so many exchanges not allow US citizens to open accounts with them? The answer has only three letters. S, E and C (the Securities Exchange Commission). The reason the SEC is so scary is because the US does not allow foreign companies to solicit US investors, unless those foreign companies are also registered in the US (with the SEC). If foreign companies solicit US investors anyway, the SEC can sue them. There are many examples of when the SEC has sued crypto exchanges, one of which being when they sued EtherDelta for operating an unregistered exchange. Another example was when they sued Bitfinex and claimed that the stablecoin Tether (USDT) was misleading investors. It is very likely that more cases will follow.

Some of the exchanges supported by CryptoView allow US-investors. Some do not. The CryptoView platform can execute a trade via API only and through the relevant user’s account. So if the user has an approved account with a supported exchange, he/she can execute any trade according to such exchange's regulations. This information is sent automatically via the API connection, so the user doesn’t have to check whether the trade is legal or not. What does it mean? Well, it means that if you have created an account with an exchange that lets US-investors create accounts, then using CryptoView won't be a problem for you either. 

Deposit Methods

Just as with the fees, whether US-investors can trade etc., the deposit methods at CryptoView depends on where you want to make your trade. And to be clear, you never deposit any assets to CryptoView itself. It is just a gateway. However, seeing as CryptoView supports exchanges where you can pay with crypto, wire transfer and credit/debit card, we have marked them all as available deposit methods for CryptoView in our database.