Centralized Cryptocurrency exchange, providing Spot, fast exchange and OTC desk services supporting 27 CryptoCurrencies
What is Cryptal?
Cryptal Exchange is a cryptocurrency trading platform that has been operating since 2020 and is registered in Georgia. The platform supports trading in five major cryptocurrencies: Bitcoin, Ethereum, Tether, Litecoin, and Bitcoin Cash. Notably, it is the only crypto exchange available in the Georgian script, offering services in both English and Georgian languages.
Cryptocurrency Offerings
Cryptal Exchange facilitates the trading of popular cryptocurrencies, including Bitcoin, Ethereum, Tether, Litecoin, and Bitcoin Cash, providing users with a diverse range of options for their investment strategies.
Mobile Compatibility
While many traders prefer desktop platforms for optimal viewing conditions, Cryptal Exchange recognizes the importance of mobile accessibility. The platform is mobile-compatible, allowing users to engage in crypto trading conveniently through their smartphones.
Restrictions on US Investors
Cryptal Exchange imposes restrictions on US investors, in compliance with the regulations set by the Securities Exchange Commission (SEC). The SEC's stringent rules aim to protect investors, and Cryptal Exchange's decision reflects a common trend among exchanges to avoid legal complications with US authorities.
Trading View
The trading view on Cryptal Exchange provides users with essential information, including price charts, current cryptocurrency prices, buy and sell boxes, and order history. The platform aims to offer a comprehensive and user-friendly interface for both desktop and mobile users.
Trading Fees
Cryptal Exchange charges flat fees for both takers and makers in spot trading, amounting to 0.25%. While these fees are slightly higher than the global industry average, Cryptal Exchange remains competitive. The industry is witnessing a shift towards lower fees, with new averages ranging from 0.10% to 0.15%.
Withdrawal Fees
Withdrawal fees on Cryptal Exchange are below the industry average, charging 0.0005 BTC for BTC withdrawals. This positions the exchange as a favorable option for users looking for cost-effective withdrawal solutions.
Deposit Methods
Cryptal Exchange supports various deposit methods, including wire transfer, debit card, and cryptocurrency deposits. With the ability to accept fiat currency deposits, Cryptal Exchange caters to new crypto investors, positioning itself as an entry-level exchange. However, users should be aware of the relatively high fees associated with credit card deposits, with rates of 3.00% for VISA and Mastercard, and 4.50% for American Express deposits. It's important to note that these fees go to the card companies, not Cryptal Exchange itself.
What are the trading fees on Cryptal?
Cryptal Exchange charges flat fees for both takers and makers in spot trading, amounting to 0.25%. While these fees are slightly higher than the global industry average, Cryptal Exchange remains competitive. The industry is witnessing a shift towards lower fees, with new averages ranging from 0.10% to 0.15%.
Does Cryptal offer leverage trading?
Cryptal Exchange does not currently offer margin trading or leverage options.
Is Cryptal safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
