What is Cryptology?
Cryptology, established in January 2018, is a cryptocurrency exchange based in Singapore. This platform provides users with the ability to trade a variety of major cryptocurrencies, albeit with a somewhat limited selection of altcoins compared to other top crypto exchanges.
Cryptocurrency Support
At Cryptology, users can engage in trading activities involving some of the most prominent cryptocurrencies in the market. However, it's worth noting that the exchange has a relatively restricted altcoin offering compared to its counterparts.
Mobile Support
For convenient access, Cryptology offers a mobile application compatible with both iPhones and Android devices. Users can download the app from the App Store or Google Play to trade on the go.
Liquidity Growth
Over time, Cryptology has experienced a steady increase in liquidity. The 24-hour trading volume, which was around USD 3.4 million in November 2019, saw growth to USD 4.7 million by March 2020. As of December 2, 2021, the trading volume has reached almost USD 47.3 million. While this amount may be considered modest in comparison to industry giants, the upward trend is promising.
US-Investor Restrictions
It's important to note that Cryptology does not allow trading for US-investors due to regulatory reasons. However, alternative options are available for investors from the United States.
Fee Structure
Trading Fees
Cryptology operates on a "flat fee model," charging a uniform fee of 0.20% for both takers and makers. This fee level aligns with, or is slightly below, the global industry average of approximately 0.25%.
Withdrawal Fees
In contrast to some exchanges that impose high withdrawal fees, Cryptology stands out by charging only 0.0005 BTC for BTC withdrawals. This fee is notably 40% below the global industry average of 0.0008 BTC.
Deposit Methods
As an entry-level exchange, Cryptology facilitates fiat currency deposits. Users can fund their accounts through wire transfers and credit cards, catering to the needs of newer crypto investors.
What are the trading fees on Cryptology?
Cryptology operates on a "flat fee model," charging a uniform fee of 0.20% for both takers and makers. This fee level aligns with, or is slightly below, the global industry average of approximately 0.25%.
Does Cryptology offer leverage trading?
Cryptology provides futures trading.
Is Cryptology 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.
