ExtStock
Comisiones de intercambio
Métodos de depósito
Criptomonedas compatibles (4)
UPDATE 4 May 2020: We have received information from multiple users that this exchange is not executing withdrawals. Naturally, this is very worrying. At Bitcointalk.org (see for instance this thread: https://bitcointalk.org/index.php?topic=3049906.120) the forum has included a disclaimer above the thread created by the exchange, as follows:
Accordingly, we have - pending further investigation - marked this exchange as "Scam" and moved it to our Exchange Graveyard. We urge any users interested in opening an account at this exchange to proceed with caution.
To find a reliable exchange where you can start an account, just use our Exchange Filters and we'll help you find the right platform for you.
ExtStock Review
ExtStock is a cryptocurrency exchange from the United Kingdom. The platform launched in February 2018.
ExtStock has a quite limited number of supported cryptocurrencies. You will not find any altcoins with low market capitalisation here, but only the four biggest ones (Bitcoin, Ethereum, Litecoin and Bitcoin Cash) plus the XNODE-token.
ExtStock promotes four advantages with its trading platform on its website. They promote that the trading platform is secure (more than 90% of assets in cold storage), the liquidity (see more on this below), that it has a 99.9% uptime and that the trading fees are from 0.20%. The latter advantage is not really an advantage. 0.20% is not in any way mind-blowingly competitive. Rather, it’s in line with industry average. The uptime, the cold storage solution and the liquidity are however strong features.
US-investors
To our understanding, ExtStock is also open to US-investors. At least there are not any specific prohibited jurisdictions listed in the exchange’s terms and conditions or user agreements. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.
ExtStock 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. This is the trading view at ExtStock:
ExtStock Fees
ExtStock Trading fees
Trading fees are naturally very important. Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Many exchanges charge what we call taker fees, from the takers, and what we call maker fees, from the makers. The takers are the people who “take” orders from the order book. This means that they remove order options from the order book and thereby remove liquidity. Makers are the ones who put the orders on the order book in the first place.
The main alternative to this is to simply charge “flat” fees. Flat fees mean that the exchange charges the taker and the maker the same fee.
At this exchange, they don’t divide between takers and makers, but they charge flat fees: 0.10% of the order value.
0.10% is in line with, or even somewhat lower, than the current industry average. Industry average has for a long time been 0.25%, but we are currently seeing a shift towards lower fees. Many exchanges now charge e.g. 0.10% or 0.15% instead, just like ExtStock.
ExtStock Withdrawal fees
ExtStock charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This is around 40% lower than the industry average, as the industry average is arguably around 0.0008 BTC per BTC-withdrawal. Accordingly, the withdrawal fee charged by this exchange is quite competitive.
Deposit Methods
ExtStock does offer fiat currency deposits, but you can’t deposit via credit card. Accordingly, if you for some reason would prefer to deposit to your choice of trading platform via your credit card then you need to find another exchange. Don’t worry though, you can find an exchange that accept credit card deposits simply by using our Exchange Finder tool.