Cryptology Exchange ReviewCentralized
Launched in January 2018, Cryptology is based in one of the biggest cryptocurrency hubs in the world, Singapore. Often times cited among the top 100 exchanges, Cryptology prides itself on its professional, transparent and safe nature. The platform aims to make cryptocurrency trading easier through the features that it offers, such as its user-friendly platform, enhanced security, and availability to trade in both fiat and cryptocurrency. Though it aims to gain a global user profile, access to the exchange is prohibited to citizens and residents of USA and Japan.
Cryptology does not differentiate in the trading fees that it charges for makers and takers, meaning it has a flat trading fee. It charges a flat fee of 0.20%, which is slightly lower than the global industry average. This renders the exchange more appealing due to its low fees, which helps increase liquidity. It also has a withdrawal fee of 0.0005 BTC. Both fiat and cryptocurrency trading is available on the platform, meaning that Cryptology is an entry-level exchange. Deposits can be made through bank transfers as well as credit cards, along with existing cryptocurrencies. There is also a “refer and earn” system that is applied on their website, aiming to “introduce like-minded friends to trade at [their] platform”. Once a user refers a cryptocurrency investors to Cryptology, they “receive 30% of their referrals’ trading fee”.
Information about the team behind Cryptology can be found on their blog, which is linked on the main website. The exchange is quite transparent about the people behind it, which undoubtedly creates a level of trust between the exchange and its users. Security is ensured through a system of multi-level KYC as well as cold wallet storage.
The exchange boasts an innovative yet simple interface, though its interface is limited to serving in only English and Chinese. There is also a mobile app that can be downloaded on iOS and Android for those who prefer to trade on the go, making the exchange quite user-friendly.
Cryptology Exchange Review, Trading Fees, Deposit and Markets
24h Trading Volume
Cryptology Total Trading Pairs
Cryptology Margin Trading
Cryptology Deposit fees
Debit/credit card deposit (3.5% fee) - outside US and Japan only. EUR SEPA deposit (no fee/ minimum €50) - European banks only. Otherwise, you can deposit cryptocurrencies without any fees
Cryptology Fiat Deposit
Accepted Payment Method
Cryptology Native token
Native token smart contract
Cryptology Trading Markets
Cryptology Stablecoins trading
Daily Withdrawal Limit
Basic Verification- USD $3,000. Advanced Verification- USD $10,000. Unlimited Verification- no limit
Cryptology Withdraw fees
BTC – 0.0005 BTC
BCH – 0.0002 BCH
LTC – 0.003 LTC
Full list of fees can be found here
Cryptology Withdraw fees discount
Proof of Reserves
Cryptology Exchange Rating Analysis
Last edit 17.07.2019
Based in Cyprus, Cryptology offers its services worldwide, except for residents of the US and Japan. Their website is well-developed and managed,
but the support team is not the fastest one in terms of responding to emails.
Commission fees are better adjusted for traders who trade a lot and stand on 0.2% at their base.
Liquidity is high along its trading pair offering, and users are able to trade against USD and EUR.
The team is quite diverse, it combines experienced staff with new members. Cryptology has never been hacked and it provides a strong security scheme to prevent it and to keep funds safe.
Cryptology Exchange Additional Information
Cryptology Establish date