RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

Exrates

Exrates Exchange Review

Centralized

Exrates Overview

  • Exrates is a cryptocurrency exchange / digital asset exchange that has been in business since 2016. This was before the crypto ICO craze that started during the 2017 crypto bull market. An Exrates exchange review also reveals that their website is available in a few languages, including English.

    A huge drawback is the little information that is available about them, especially on their website. This makes it difficult to determine what rings true and what doesn’t. In addition, an Exrates exchange review reveals that they serve the crypto space via no less than a 119 active markets. They also offer trading access to various currency pairs, including fiat-to-crypto and crypto-to-crypto currency pairs. They seem to have a large trader base of almost 150,000 traders. This seems to enable them to provide ample liquidity for most currency pairs.

    They offer a feature where money transfers between users of their platform are possible by using nicknames. An Exrates exchange review also reveals that they have an experimental “prediction lab” called “Exrates Lab” running. When a BTC prediction is wrong, they pay 0.01 BTC into a special fund of which the proceeds seem to go towards a monthly lottery.

    Exrates seems to offer a highly professional coin listing service in conjunction with various well-known crypto outlets. It is a pity their trading website and/or platform doesn’t reflect the same level of professionalism. Both in terms of content and design.

    They seem to offer a REST API. This API allows for the automation of at least some of the actions that are available via the web interface.

    Exrates used to be registered in Switzerland, however, its website states that it is currently headquartered and registered in Estonia, under the company called DexTechnologies OÜ. Estonia is one of the few countries in the world that has certain clear regulations on cryptocurrency exchanges and licenses. Exrates’ website shows that the exchange holds an “Official European Union License” in cryptocurrency trading. However, an exchange review reveals that Exrates also has an office in China.

     

     

     

    Exrates charges a flat trading fee, as it doesn’t differentiate between takers and makers. It charges a flat fee of 0.20%, which is slightly lower than the global industry average, though it doesn’t necessarily provide a significant competitive edge. Information on withdrawal fees is not available, which could deter certain users from utilizing this platform.

     

     

     

    Security is ensured through a system of two-factor authentication, as is commonly used in many cryptocurrency exchanges, as well as advanced encryption techniques which are not explained in detail online. There are a lot of negative reviews on certain online platforms, mentioning that the exchange has mishandled users’ accounts. Though some of these complaints have been somewhat resolved by the customer support team, many remain unresolved. This is crucial information that investors should watch out for. When combined with the lack of information on the team behind the exchange and their security measures, Exrates does not necessarily offer a very trustworthy image at the time being.

    Exrates Exchange Review, Trading Fees, Deposit and Markets

    • 24h Trading Volume

      37,393.721 BTC

      • Exrates Total Trading Pairs

        72

        • Exrates Margin Trading

          No

          • Exrates Deposit fees

            /

            • Exrates Trading fees

              0.2%

              • Exrates Fiat Deposit

                Yes

                • Accepted Payment Method

                  N/A

                  • Exrates Native token

                    No

                    • Native token smart contract

                      N/A

                      • Exrates Trading Markets
                        • Exrates Stablecoins trading

                          Exrates Markets Data

                          Market Price Volume(24h) Change(24h) Last update
                          ADK/BTC Ƀ 0.0003520 ADK 66,381.6

                          Ƀ -3.0e-7

                          -0.09%

                          2019-09-23 14:24:56
                          ADK/ETH Ξ 0.02097 ADK 14,606.6

                          Ξ 0.0015

                          7.57%

                          2019-09-23 14:37:07
                          ADK/USD $ 4.02 ADK 22,850.2

                          $ 0.00047

                          0.01%

                          2019-09-23 14:37:06
                          ARK/BTC Ƀ 0.00002201 ARK 945,039.3

                          Ƀ 1.5e-7

                          0.69%

                          2019-09-23 14:34:11
                          ARN/BTC Ƀ 0.00002187 ARN 2,728,499.2

                          Ƀ -0.0000012

                          -5.00%

                          2019-09-23 14:32:56
                          ATB/BTC Ƀ 0.0000001 ATB 11,142,622.1

                          Ƀ 7.0e-9

                          7.61%

                          2019-09-23 14:25:04
                          ATB/USD $ 0.001110 ATB 2,971,884.3

                          $ 0.0000049

                          0.44%

                          2019-09-23 14:12:30
                          BCD/BTC Ƀ 0.00005987 BCD 85,698.0

                          Ƀ -0.0000016

                          -2.68%

                          2019-09-23 13:59:09
                          BNB/BTC Ƀ 0.001994 BNB 95,021.9

                          Ƀ -0.000047

                          -2.32%

                          2019-09-23 14:36:03
                          BNB/USDT ₮ 19.59 BNB 71,518.0

                          ₮ -0.79

                          -3.89%

                          2019-09-23 14:32:47
                          BTC/USD $ 9,840.76 Ƀ 16,465.3

                          $ -160.75

                          -1.61%

                          2019-09-23 14:28:50
                          BTG/BTC Ƀ 0.001016 BTG 16,357.8

                          Ƀ 9.8e-7

                          0.10%

                          2019-09-23 14:26:08
                          DOGE/BTC Ƀ 0.00000023 DOGE 1,187,039.2

                          Ƀ -3.3e-8

                          -12.64%

                          2019-09-23 14:25:18
                          DOGE/USD $ 0.002550 DOGE 2,106,620.0

                          $ -0.000026

                          -0.99%

                          2019-09-23 14:25:10
                          ECHT/BTC Ƀ 0.00000005 ECHT 11,782,007.8

                          Ƀ -7.0e-9

                          -11.86%

                          2019-09-23 14:22:56
                          ECHT/ETH Ξ 0.00000249 ECHT 4,569,316.3

                          Ξ -2.9e-7

                          -10.36%

                          2019-09-23 14:22:56
                          ECHT/USD $ 0.0005137 ECHT 5,193,889.9

                          $ -0.000075

                          -12.67%

                          2019-09-23 14:22:43
                          EDC/BTC Ƀ 0.00000052 EDC 654,055.8

                          Ƀ -4.0e-9

                          -0.76%

                          2019-09-23 14:24:27
                          EDC/IDR IDR 58.79 EDC 596,559.3

                          IDR -0.14

                          -0.24%

                          2019-09-23 14:24:24
                          EDC/USD $ 0.005595 EDC 1,559,300.5

                          $ -0.0000054

                          -0.10%

                          2019-09-23 14:24:25
                          ETH/BTC Ƀ 0.02100 Ξ 160,505.5

                          Ƀ -0.00011

                          -0.52%

                          2019-09-23 14:27:27
                          ETH/USD $ 207.46 Ξ 300,973.8

                          $ -3.72

                          -1.76%

                          2019-09-23 14:36:10
                          EXO/BTC Ƀ 0.00004023 EXO 700.26

                          Ƀ 2.2e-7

                          0.55%

                          2019-09-23 04:01:16
                          GAS/BTC Ƀ 0.0001326 GAS 57,851.9

                          Ƀ -0.0000016

                          -1.18%

                          2019-09-23 14:25:20
                          GRS/ETH Ξ 0.001021 GRS 46,587.9

                          Ξ -0.000026

                          -2.45%

                          2019-09-23 13:19:29
                          LSK/BTC Ƀ 0.00009575 LSK 1,333.02

                          Ƀ -0.0000025

                          -2.49%

                          2019-09-23 14:25:17
                          LTC/BTC Ƀ 0.007371 Ł 121,860.8

                          Ƀ 0.00012

                          1.68%

                          2019-09-23 14:25:30
                          LTC/TUSD TUSD 72.58 Ł 1,012.34

                          TUSD 0.21

                          0.29%

                          2019-09-23 14:29:11
                          LTC/USD $ 72.29 Ł 220,958.0

                          $ -0.23

                          -0.32%

                          2019-09-23 14:33:07
                          LTC/USDT ₮ 72.42 Ł 215,238.5

                          ₮ 0.030

                          0.04%

                          2019-09-23 14:36:00
                          MANA/BTC Ƀ 0.00000319 MANA 3,519,796.1

                          Ƀ -1.5e-7

                          -4.49%

                          2019-09-23 14:24:47
                          MCO/BTC Ƀ 0.0003289 MCO 50,663.5

                          Ƀ -0.0000016

                          -0.49%

                          2019-09-23 14:31:39
                          MCO/ETH Ξ 0.01574 MCO 12,658.4

                          Ξ 0.00012

                          0.77%

                          2019-09-23 14:28:16
                          MTL/BTC Ƀ 0.00003038 MTL 5,262,828.7

                          Ƀ -5.2e-7

                          -1.68%

                          2019-09-23 14:34:55
                          MTL/ETH Ξ 0.001440 MTL 95,345.7

                          Ξ -0.000020

                          -1.37%

                          2019-09-23 14:26:16
                          NEO/BTC Ƀ 0.0008970 NEO 85,670.9

                          Ƀ -0.000023

                          -2.50%

                          2019-09-23 14:23:37
                          NEO/TUSD TUSD 9.01 NEO 976.30

                          TUSD -0.16

                          -1.76%

                          2019-09-23 12:00:15
                          NEO/USD $ 8.81 NEO 112,072.2

                          $ -0.40

                          -4.31%

                          2019-09-23 14:28:42
                          NEO/USDT ₮ 8.98 NEO 111,745.7

                          ₮ -0.21

                          -2.27%

                          2019-09-23 13:58:25
                          NPXS/ETH Ξ 0.00000164 NPXS 388,232,124.6

                          Ξ -1.0e-8

                          -0.61%

                          2019-09-23 14:36:41
                          OCC/BTC Ƀ 0.00000111 OCC 657,091.3

                          Ƀ 0.0

                          0.00%

                          2019-09-23 14:28:01
                          OCC/ETH Ξ 0.00004202 OCC 450,766.5

                          Ξ -0.0000089

                          -17.48%

                          2019-09-23 14:29:20
                          OCC/USD $ 0.01121 OCC 354,958.7

                          $ 0.0000030

                          0.03%

                          2019-09-23 14:24:40
                          OMG/BTC Ƀ 0.0001055 OMG 224,939.5

                          Ƀ -0.0000028

                          -2.59%

                          2019-09-23 14:26:29
                          OMG/USD $ 1.04 OMG 202,791.8

                          $ -0.041

                          -3.78%

                          2019-09-23 14:31:30
                          PLTC/BTC Ƀ 0.0008427 PLTC 19,281.9

                          Ƀ 0.0000033

                          0.39%

                          2019-09-23 14:12:35
                          PLTC/ETH Ξ 0.04060 PLTC 18,069.8

                          Ξ 0.00089

                          2.24%

                          2019-09-23 14:24:38
                          PLTC/USD $ 8.45 PLTC 18,199.5

                          $ -0.011

                          -0.13%

                          2019-09-23 14:24:47
                          QKC/BTC Ƀ 0.00000079 QKC 91,450,596.6

                          Ƀ 0.0

                          0.00%

                          2019-09-23 14:35:54
                          QKC/ETH Ξ 0.00003796 QKC 3,810,220.2

                          Ξ 3.1e-7

                          0.82%

                          2019-09-23 14:34:09
                          QTUM/BTC Ƀ 0.0002072 QTUM 150,893.4

                          Ƀ -0.0000038

                          -1.79%

                          2019-09-23 14:35:39
                          QTUM/ETH Ξ 0.009816 QTUM 26,427.7

                          Ξ -0.00017

                          -1.66%

                          2019-09-23 14:26:41
                          QTUM/USD $ 2.04 QTUM 350,532.9

                          $ -0.072

                          -3.40%

                          2019-09-23 14:33:41
                          RDNN/BTC Ƀ 0.00001737 RDNN 673,361.4

                          Ƀ -5.0e-8

                          -0.29%

                          2019-09-23 14:32:47
                          RDNN/ETH Ξ 0.0008405 RDNN 212,755.0

                          Ξ 0.0000082

                          0.99%

                          2019-09-23 14:32:12
                          REN/BTC Ƀ 0.00000480 REN 32,012,040.2

                          Ƀ -4.2e-7

                          -8.05%

                          2019-09-23 14:33:56
                          REP/BTC Ƀ 0.001067 REP 31,075.3

                          Ƀ 0.0000086

                          0.81%

                          2019-09-23 14:35:36
                          WAVES/BTC Ƀ 0.0001073 WAVES 5,839,084.2

                          Ƀ 0.0000069

                          6.87%

                          2019-09-23 14:36:15
                          WAVES/USD $ 1.06 WAVES 2,084,777.9

                          $ 0.056

                          5.63%

                          2019-09-23 14:34:22
                          WAVES/USDT ₮ 1.06 WAVES 1,925,985.6

                          ₮ 0.054

                          5.42%

                          2019-09-23 14:36:15
                          XEM/BTC Ƀ 0.00000460 XEM 5,674,975.9

                          Ƀ 1.0e-7

                          2.22%

                          2019-09-23 14:35:56
                          XMR/BTC Ƀ 0.007151 XMR 56,085.8

                          Ƀ -0.00012

                          -1.64%

                          2019-09-23 14:26:47
                          XMR/USD $ 70.42 XMR 12,266.5

                          $ -2.30

                          -3.17%

                          2019-09-23 14:36:06
                          XMR/USDT ₮ 70.26 XMR 10,036.8

                          ₮ -2.33

                          -3.21%

                          2019-09-23 14:33:21
                          XRP/BTC Ƀ 0.00002748 XRP 38,466,299.3

                          Ƀ -3.9e-7

                          -1.40%

                          2019-09-23 14:35:44
                          XRP/TUSD TUSD 0.2687 XRP 866,877.1

                          TUSD -0.0096

                          -3.43%

                          2019-09-23 14:31:42
                          XRP/USD $ 0.2704 XRP 68,857,965.9

                          $ -0.0083

                          -2.97%

                          2019-09-23 14:30:57
                          XRP/USDT ₮ 0.2696 XRP 76,541,974.6

                          ₮ -0.0086

                          -3.09%

                          2019-09-23 14:34:01
                          ZEC/BTC Ƀ 0.004627 ZEC 13,894.2

                          Ƀ -0.000052

                          -1.11%

                          2019-09-23 14:35:32
                          ZEC/USD $ 45.63 ZEC 7,079.54

                          $ -1.13

                          -2.42%

                          2019-09-23 14:35:06
                          ZEC/USDT ₮ 45.51 ZEC 7,124.49

                          ₮ -1.30

                          -2.78%

                          2019-09-23 14:33:08
                          ZIL/BTC Ƀ 0.00000068 ZIL 2,877,792.5

                          Ƀ 2.0e-8

                          3.03%

                          2019-09-23 14:35:47

                          Exrates Withdrawals

                          • Daily Withdrawal Limit

                            /

                            • Exrates Withdraw fees

                              N/A

                              • Exrates Withdraw fees discount

                                N/A

                                • Proof of Reserves

                                  N/A

                                  Exrates Exchange Rating Analysis

                                  Last edit 04.09.2019

                                  • Exrates, although they do not disclose it anywhere, is apparently an Armenian-based exchange, offering a platform which displays very large amounts of fake volume and the ability to deposit many fiat currencies to trade against - which we suspect you will never see again, if you choose to entrust them with your funds. There is no team behind the exchange, at least not publicly, and the people who do choose to associate themselves with the exchange on LinkedIn look very unprofessional and as if they were paid to put their names under the exchange. The most alarming part about the exchange is the fact that every review or trust site which lists the exchange is flooded with reviews by actual users who had their funds stolen by the exchange or their withdrawals witheld from them. In conclusion, Exrates seems like a very dangerous place to put your money on - and we would not be surprised if it was designed to steal user funds in the first place.

                                    Exrates Exchange Additional Information