Trade.io

Trade.io Review

Trade.io is an exchange that markets itself as a “better, smarter, faster” crypto exchange. They claim to have “lightning-fast execution”. The platform also has a fully-customizable interface.

The exchange also highlights as advantages that it has an easy KYC-process, low fees, a wide variety of cryptos and 24/7 support.

US-investors

As far as we are aware, US-investors may trade here. Any US-investors that want to trade here should in any event form their own opinion on any issues arising from their citizenship or residency.

Liquidity Pool and OTC-function

Trade.io also offer a liquidity pool, and an OTC-trading function. The OTC-trading is currently disable but will according to information on the website resume activities in mid-April 2019.

As for the liquidity pool, it is only applicable to holders of TIOx-tokens. TIOx tokens can lock their tokens and by doing so also receive interest on the amount locked.

The primary interface for the liquidity pool looks as follows:

Trade.io 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 crypto 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 see that it feels right to you. This is the trading view at Trade.io:

Trade.io Fees

Trade.io Trading fees

The most important lesson to learn when picking a crypto exchange is that you must always check the fees.

This exchange’s trading fees for takers are 0.10%. This fee is slightly below the industry average. The industry average is arguably around 0.25%. Also, this exchange does not charge any fees for makers, thus promoting the liquidity at the exchange. This is a very strong edge in the market and is especially beneficial for the investors not interested in picking up existing orders from the order book but rather prefers to “go fishing” with maker-orders.

For a long time, industry average has been 0.25%. Today, however, we see a shift towards lower fees. Many exchanges now charge e.g. 0.10% or 0.15% instead, just like Trade.io. To summarize, this exchange charges taker fees that are in line with – or below – the global industry average (depending upon which industry average figure that you use). Their maker fees are far below the industry average.

Trade.io Withdrawal fees

Trade.io charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This is substantially below the industry average, as the industry average is 0.000812 BTC per BTC-withdrawal. Trade.io’s withdrawal fees are thus roughly 40% lower than industry average.

All in all, the fees at Trade.io are competitive.

Deposit Methods

On 24 May 2019, Trade.io happily announced in an email to its users that they had finally enabled fiat currency deposits. You can deposit fiat currency through a variety of bank transfers, international bank wire transfers (such as the SEPA-transfers) or credit card deposits.

The following fiat currency trading pairs were introduced:

ETH/EUR
BTC/EUR
ETH/GBP
BTC/GBP
LTC/EUR
LTC/GBP
XLM/EUR
XLM/GBP
USDT/EUR
USDT/GBP

Moreover, you can also through the exchange’s payment service provider make deposits of Malaysian ringgit, Thai baht, Vietnamese dong and Indonesian rupiah. This is naturally very helpful for people from those countries.