Lykke exchange is a cryptocurrency trading platform that does not charge trading fees. The platform is accessible through a web terminal (https://trade.lykke.com/) and mobile devices (iOS, Android and Huawei). There are some 20 selected cryptocurrencies and several fiat pairs. It offers good trading conditions with zero trading fees and low buy-sell spreads. Lykke also does not charge fees for bank deposits and bank withdrawals (except USD withdrawals). Lykke offers 24/7 human support, and the platform is KYC and AML-compliant.
What is Lykke?
Lykke Exchange is a Swiss centralized cryptocurrency platform founded by Richard Olsen, renowned for his groundbreaking work with Oanda. The exchange operates at both B2C and B2B levels, providing a range of financial products and services.
Key Features
1. Fee Structure
Lykke Exchange stands out with its favorable fee structure. Traders benefit from 0 fees, making it a cost-effective option for cryptocurrency trading. The platform also supports forex trading.
2. Compliance
Lykke adheres to stringent KYC (Know Your Customer) and AML (Anti-Money Laundering) standards to ensure a secure trading environment.
3. Asset Support
The platform offers a diverse range of assets, including cryptocurrencies, fiat currencies, commodities, and native tokens like LKK. Lykke Corp's ownership is represented by 100 LKK tokens.
4. LyCI Utility Tokens
Lykke introduces LyCI utility tokens, representing various crypto indices. These include LyCI (top 25 cryptos), short LyCI (for bearish market predictions), Pay LyCI (top 10 payment cryptos), and Smart LyCI (top 10 smart contract projects).
5. Restricted Jurisdictions
Lykke Exchange restricts access for users from certain jurisdictions, including the United States, China, Japan, and others. Users should be aware of these limitations before choosing Lykke as their trading venue.
Trading Experience
1. Trading View
Lykke Exchange offers a unique trading view, allowing users to customize their experience. The interface typically includes order book details, price charts, and order history.
2. Trading Fees
Lykke stands out by not charging any trading fees for both takers and makers, making it a highly competitive choice in the cryptocurrency exchange landscape.
3. Withdrawal Fees
The platform maintains competitive withdrawal fees, with a nominal charge of 0.0005 BTC for Bitcoin withdrawals. Fiat currency withdrawals incur no fees.
4. Deposit Methods
Lykke supports deposits through wire transfer and credit cards, catering to the needs of both experienced and novice crypto investors. Importantly, the platform does not charge fees for fiat currency deposits.
Conclusion
Lykke Exchange offers a compelling combination of features, including a fee-free trading environment, diverse asset support, and innovative LyCI utility tokens. While it imposes restrictions on certain jurisdictions, it provides a user-friendly experience for traders looking for a reliable and cost-effective platform.
What are the trading fees on Lykke?
Lykke stands out by not charging any trading fees for both takers and makers, making it a highly competitive choice in the cryptocurrency exchange landscape.
Does Lykke offer leverage trading?
Lykke does not currently offer margin trading or leverage options.
When was Lykke established?
EXCHANGE was founded in .
Where is Lykke located?
Lykke is based in United Kingdom.
What is the volume of Lykke?
EXCHANGE has a trading volume of $ in the last 24 hours and $ in the last 7 days.
Is Lykke 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.
Which coins can I buy through Lykke?
You can buy the following tokens/coins on Lykke:
What are the listed pairs on Lykke?
You can trade the following tokens/coins on Lykke:
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.
