RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

Cryptology

Cryptology Exchange Review

Centralized

Cryptology Overview

  • 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

    • Cryptology Total Trading Pairs

      16

      • Cryptology Margin Trading

        Yes

        • 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

            Yes

            • Accepted Payment Method

              Crypto to Crypto, Crypto to FIAT

              • Cryptology Native token

                Yes

                • Native token smart contract

                  N/A

                  • Cryptology Trading Markets
                    • Cryptology Stablecoins trading

                      Cryptology Withdrawals

                      • Daily Withdrawal Limit

                        Basic Verification- USD $3,000. Advanced Verification- USD $10,000. Unlimited Verification- no limit

                        • Cryptology Withdraw fees

                          BTC – 0.0005
                          BCH – 0.0002
                          LTC – 0.003
                          Full list here

                          • Cryptology Withdraw fees discount

                            None

                            • Proof of Reserves

                              N/A

                              Cryptology Exchange Rating Analysis

                              Last edit 30.07.2019

                              • 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 KYC and AML

                                • Cryptology Exchange KYC and AML

                                  ID/Passport
                                  Proof of Address

                                  Cryptology Exchange Additional Information