LATOKEN Cryptocurrency Exchange

LATOKEN Overview

Established in December 2017, LATOKEN is a digital asset exchange offering a multi-asset trading platform for cryptocurrencies and tokenized assets. The exchange is known for its diverse range of lesser-known cryptocurrencies, user-friendly interface, robust security, high-speed transactions and a dedicated mobile app. A distinctive feature is its NFT markets for tokenized real-world assets.

Underlying Technology

LATOKEN utilizes DAG technology (Directed Acyclic Graph), providing high-speed transactions and handling large volumes without significant delays. This sets it apart from traditional blockchain-based exchanges.

Native Token: LA

The platform has its native token, LA, which serves as the base currency. LA tokens are used to pay trading fees and act as exchange pairs for all currencies on the platform. Users holding LA tokens enjoy a 50% discount on trading fees. LA has been used for trading tokenized shares of prominent companies like Apple, Tesla, Google, as well as commodities like gold, oil and real estate ETFs.

Founder and CEO

Valentin Preobrazhenskiy, a respected figure in the crypto world, serves as the founder and CEO of LATOKEN. With a notable financial background, he has previously worked in investment banking and created other successful projects like Zalogo.

Supported Countries

LATOKEN supports users from various countries worldwide, with a significant user base in Australia, the UK, China and Switzerland. However, certain countries, including the USA, Bosnia And Herzegovina, Syria, North Korea and others, are not supported.

Regulation and Compliance

LATOKEN claims to adhere to AML regulations, requiring active traders to undergo KYC checks. The platform avoids operating in countries with strict cryptocurrency regulations, such as the US.

Products and Services

LATOKEN offers various features, including IEO campaigns, LA trading and access to VCTV, the platform's video portal for crypto-related content. The exchange supports over 60 digital currencies and 145 trading pairs.

Fee Structure

LATOKEN charges trading fees higher than some competitors, with a fee of 0.49% for both takers and makers. However, users can reduce fees by paying in LA tokens, obtaining a 74% discount, or increasing trading volumes.

Controversies and Issues

Despite its features, LATOKEN has faced criticism for high fees, lack of fiat support, no leverage and reportedly unsupportive customer service. Users have raised concerns about withdrawal and deposit problems, including funds disappearing and minimum deposit requirements. Scam allegations, such as receiving only a fraction of the expected value when selling cryptocurrencies and suspicions of fake liquidity have been reported in reviews and on Twitter.

LATOKEN Controversy

Addressing the negatives, LATOKEN has faced controversies, including deposit and withdrawal issues, withdrawal closures without warning and users experiencing difficulties contacting customer support. Scam allegations involve users claiming they receive less value than expected when selling cryptocurrencies and some users report that their assets disappeared from the platform, suspecting fake liquidity.

What are the trading fees on LATOKEN?

LATOKEN charges trading fees higher than some competitors, with a fee of 0.49% for both takers and makers. However, users can reduce fees by paying in LA tokens, obtaining a 74% discount, or increasing trading volumes.

Does LATOKEN offer leverage trading?

LATOKEN doesn’t offer leveraged trading.

The section about LATOKEN has been carefully compiled from official and publicly available sources. These include the LATOKEN Official Website and LATOKEN Medium Account.

This content is published by the OGAudit Editorial Team solely for educational and informational purposes. It should not be interpreted as investment, legal, or professional advice. If you believe any information on this page is outdated or incorrect, please get in touch with us through our contact form link for updates or corrections.