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

      13,259.653 BTC

      • Exrates Total Trading Pairs

        77

        • Exrates Margin Trading

          No

          • Exrates Deposit Fees

            0-4.5%, depending on currency and payment method.

            • Exrates Trading Fees

              0.2%

              • Exrates Fiat Deposit

                Yes

                • Accepted Payment Methods

                  Crypto to Crypto, Crypto to FIAT

                  • 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
                          ACU/ETH Ξ 0.00002057 ACU 0

                          Ξ 0.0

                          0.00%

                          2019-11-26 14:37:03
                          ADK/BTC Ƀ 0.0002065 ADK 0

                          Ƀ 0.0

                          0.00%

                          2019-11-28 02:44:10
                          ADK/ETH Ξ 0.01012 ADK 0

                          Ξ 0.0

                          0.00%

                          2019-11-28 03:56:06
                          ADK/USD $ 1.56 ADK 0

                          $ 0.0

                          0.00%

                          2019-11-28 03:32:05
                          ARK/BTC Ƀ 0.00001770 ARK 223,929.0

                          Ƀ 1.2e-7

                          0.68%

                          2020-01-10 02:01:33
                          ARN/BTC Ƀ 0.00001534 ARN 3,115,658.2

                          Ƀ 0.0

                          0.00%

                          2020-01-10 02:31:39
                          ATB/BTC Ƀ 0.00000015 ATB 0

                          Ƀ 0.0

                          0.00%

                          2019-11-26 18:08:11
                          ATB/USD $ 0.001110 ATB 0

                          $ 0.0

                          0.00%

                          2019-11-26 16:08:14
                          ATB/USDT ₮ 0.001148 ATB 0

                          ₮ 0.0

                          0.00%

                          2019-11-26 11:33:34
                          BCD/BTC Ƀ 0.00004452 BCD 2,373,061.0

                          Ƀ -0.0000049

                          -9.95%

                          2020-01-10 02:30:35
                          BNB/BTC Ƀ 0.001838 BNB 182,490.7

                          Ƀ 0.000018

                          0.99%

                          2020-01-10 02:32:27
                          BNB/USDT ₮ 14.34 BNB 118,545.0

                          ₮ -0.19

                          -1.29%

                          2020-01-10 02:26:54
                          BTC/USD $ 7,808.60 Ƀ 20,910.2

                          $ -189.71

                          -2.37%

                          2020-01-10 02:03:27
                          BTG/BTC Ƀ 0.0007409 BTG 71,514.9

                          Ƀ -0.000032

                          -4.16%

                          2020-01-10 00:52:08
                          DOGE/BTC Ƀ 0.00000032 DOGE 0

                          Ƀ 0.0

                          0.00%

                          2019-11-28 03:45:55
                          DOGE/USD $ 0.002280 DOGE 0

                          $ 0.0

                          0.00%

                          2019-11-26 18:44:16
                          ECHT/BTC Ƀ 0.00000003 ECHT 0

                          Ƀ 0.0

                          0.00%

                          2019-11-26 17:33:58
                          ECHT/ETH Ξ 0.00000153 ECHT 0

                          Ξ 0.0

                          0.00%

                          2019-11-26 17:52:58
                          ECHT/USD $ 0.0002282 ECHT 0

                          $ 0.0

                          0.00%

                          2019-11-28 03:45:58
                          EDC/BTC Ƀ 0.00000070 EDC 310,430.8

                          Ƀ -1.9e-8

                          -2.65%

                          2020-01-09 15:11:21
                          EDC/IDR IDR 108.72 EDC 0

                          IDR 0.0

                          0.00%

                          2019-11-26 16:19:53
                          EDC/USD $ 0.004987 EDC 1,228,677.6

                          $ -0.00074

                          -12.95%

                          2020-01-10 02:30:40
                          EDC/USDT ₮ 0.009957 EDC 0

                          ₮ 0.0

                          0.00%

                          2019-11-26 18:32:18
                          ETH/BTC Ƀ 0.01751 Ξ 150,882.7

                          Ƀ -0.000075

                          -0.43%

                          2020-01-10 02:16:58
                          ETH/USD $ 137.14 Ξ 280,077.3

                          $ -3.50

                          -2.49%

                          2020-01-10 02:35:09
                          EXO/BTC Ƀ 0.00001800 EXO 498.84

                          Ƀ 0.0000010

                          5.88%

                          2020-01-09 17:01:46
                          GAS/BTC Ƀ 0.0001180 GAS 105,605.0

                          Ƀ -0.0000022

                          -1.83%

                          2020-01-10 02:00:14
                          GRS/ETH Ξ 0.001128 GRS 33,321.2

                          Ξ 0.0000085

                          0.76%

                          2020-01-09 23:04:52
                          LSK/BTC Ƀ 0.00008211 LSK 1,627,720.8

                          Ƀ 0.000012

                          17.94%

                          2020-01-10 02:28:53
                          LTC/BTC Ƀ 0.005709 Ł 135,053.5

                          Ƀ 0.000027

                          0.47%

                          2020-01-10 02:24:10
                          LTC/TUSD TUSD 45.09 Ł 3,180.30

                          TUSD -0.41

                          -0.90%

                          2020-01-10 00:18:07
                          LTC/USD $ 44.74 Ł 272,180.6

                          $ -0.70

                          -1.54%

                          2020-01-10 02:33:57
                          LTC/USDT ₮ 44.64 Ł 301,942.7

                          ₮ -0.71

                          -1.57%

                          2020-01-10 02:35:08
                          MANA/BTC Ƀ 0.00000422 MANA 5,938,344.3

                          Ƀ -9.0e-8

                          -2.09%

                          2020-01-10 02:27:42
                          MCO/BTC Ƀ 0.0005525 MCO 46,611.7

                          Ƀ 0.0000077

                          1.41%

                          2020-01-10 02:34:31
                          MCO/ETH Ξ 0.03164 MCO 5,896.43

                          Ξ 0.00069

                          2.22%

                          2020-01-10 02:30:28
                          MEXC/BTC Ƀ 0.00000067 MEXC 0

                          Ƀ 0.0

                          0.00%

                          2019-11-28 03:52:11
                          MEXC/USDT ₮ 0.005500 MEXC 0

                          ₮ 0.0

                          0.00%

                          2019-11-27 23:58:33
                          MTL/BTC Ƀ 0.00002779 MTL 1,107,655.0

                          Ƀ -3.7e-7

                          -1.31%

                          2020-01-10 02:35:08
                          MTL/ETH Ξ 0.001589 MTL 367,381.6

                          Ξ -0.000018

                          -1.12%

                          2020-01-10 02:37:56
                          NEO/BTC Ƀ 0.001187 NEO 126,581.1

                          Ƀ 0.000010

                          0.85%

                          2020-01-10 02:26:10
                          NEO/TUSD TUSD 9.37 NEO 1,262.05

                          TUSD -0.016

                          -0.17%

                          2020-01-10 01:58:13
                          NEO/USD $ 9.32 NEO 182,555.3

                          $ -0.095

                          -1.01%

                          2020-01-10 02:28:01
                          NEO/USDT ₮ 9.30 NEO 173,817.8

                          ₮ -0.095

                          -1.01%

                          2020-01-10 02:28:05
                          NPXS/ETH Ξ 0.00000088 NPXS 254,688,991.9

                          Ξ -1.0e-8

                          -1.12%

                          2020-01-10 02:00:49
                          OCC/BTC Ƀ 0.00000086 OCC 0

                          Ƀ 0.0

                          0.00%

                          2019-11-26 18:07:44
                          OCC/ETH Ξ 0.00004123 OCC 0

                          Ξ 0.0

                          0.00%

                          2019-11-26 16:55:46
                          OCC/USD $ 0.006113 OCC 0

                          $ 0.0

                          0.00%

                          2019-11-26 15:31:43
                          OMG/BTC Ƀ 0.00008171 OMG 209,624.4

                          Ƀ 5.0e-7

                          0.62%

                          2020-01-10 02:20:37
                          OMG/USD $ 0.6379 OMG 117,736.7

                          $ -0.012

                          -1.81%

                          2020-01-10 02:20:12
                          PLTC/BTC Ƀ 0.0007695 PLTC 0

                          Ƀ 0.0

                          0.00%

                          2019-11-27 23:55:55
                          PLTC/ETH Ξ 0.04724 PLTC 0

                          Ξ 0.0

                          0.00%

                          2019-11-26 16:07:52
                          PLTC/USD $ 5.83 PLTC 0

                          $ 0.0

                          0.00%

                          2019-11-27 23:55:56
                          QKC/BTC Ƀ 0.00000037 QKC 13,709,042.7

                          Ƀ 3.0e-8

                          8.82%

                          2020-01-10 02:31:17
                          QKC/ETH Ξ 0.00002054 QKC 4,371,435.6

                          Ξ 7.0e-7

                          3.53%

                          2020-01-10 02:36:26
                          QTUM/BTC Ƀ 0.0002082 QTUM 178,639.7

                          Ƀ -0.0000019

                          -0.91%

                          2020-01-10 02:29:14
                          QTUM/ETH Ξ 0.01192 QTUM 7,425.11

                          Ξ 0.0000078

                          0.07%

                          2020-01-10 02:15:45
                          QTUM/USD $ 1.63 QTUM 585,045.8

                          $ -0.047

                          -2.82%

                          2020-01-10 02:20:20
                          RDNN/BTC Ƀ 0.00001407 RDNN 804,295.6

                          Ƀ 4.1e-7

                          3.00%

                          2020-01-10 02:25:11
                          RDNN/ETH Ξ 0.0008093 RDNN 304,712.6

                          Ξ 0.000039

                          5.01%

                          2020-01-10 02:27:47
                          REN/BTC Ƀ 0.00000539 REN 29,164,723.0

                          Ƀ 2.3e-7

                          4.46%

                          2020-01-10 02:36:11
                          REP/BTC Ƀ 0.001179 REP 11,381.9

                          Ƀ -0.000014

                          -1.17%

                          2020-01-10 02:31:23
                          WAVES/BTC Ƀ 0.0001050 WAVES 1,978,848.1

                          Ƀ -0.0000021

                          -1.96%

                          2020-01-10 02:27:57
                          WAVES/USD $ 0.8228 WAVES 1,119,395.1

                          $ -0.033

                          -3.83%

                          2020-01-10 02:31:00
                          WAVES/USDT ₮ 0.8221 WAVES 1,116,261.3

                          ₮ -0.031

                          -3.68%

                          2020-01-10 02:36:39
                          XEM/BTC Ƀ 0.00000415 XEM 7,810,340.7

                          Ƀ 0.0

                          0.00%

                          2020-01-10 02:30:52
                          XMR/BTC Ƀ 0.007495 XMR 120,851.9

                          Ƀ 0.00024

                          3.28%

                          2020-01-10 02:29:17
                          XMR/USD $ 58.63 XMR 55,977.4

                          $ 0.62

                          1.07%

                          2020-01-10 02:34:48
                          XMR/USDT ₮ 58.67 XMR 60,038.6

                          ₮ 0.73

                          1.26%

                          2020-01-10 02:24:31
                          XRP/BTC Ƀ 0.00002586 XRP 45,455,287.4

                          Ƀ -1.7e-7

                          -0.65%

                          2020-01-10 02:32:26
                          XRP/TUSD TUSD 0.2021 XRP 1,280,286.2

                          TUSD -0.0059

                          -2.82%

                          2020-01-10 02:06:53
                          XRP/USD $ 0.2024 XRP 91,624,949.6

                          $ -0.0059

                          -2.84%

                          2020-01-10 02:24:07
                          XRP/USDT ₮ 0.2021 XRP 87,158,316.9

                          ₮ -0.0059

                          -2.82%

                          2020-01-10 02:34:29
                          ZEC/BTC Ƀ 0.003938 ZEC 51,217.3

                          Ƀ 0.000076

                          1.97%

                          2020-01-10 02:38:08
                          ZEC/USD $ 30.85 ZEC 38,407.1

                          $ -0.070

                          -0.23%

                          2020-01-10 02:32:56
                          ZEC/USDT ₮ 30.79 ZEC 38,471.8

                          ₮ -0.060

                          -0.19%

                          2020-01-10 02:33:12
                          ZIL/BTC Ƀ 0.00000059 ZIL 11,891,898.8

                          Ƀ 2.0e-8

                          3.51%

                          2020-01-10 02:09:43

                          Exrates Withdrawals

                          • Daily Withdrawal Limit

                            /

                            • Exrates Withdrawal Fees

                              Only 1 EUR/USD, 28 UAH or 80 RUB, as seen here.

                              • Exrates Withdrawal Fees Discount

                                N/A

                                • Proof of Reserves

                                  N/A

                                  Exrates Exchange Rating Analysis

                                  Last edit 28.11.2019

                                  • 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 withheld 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 KYC and AML

                                    Exrates Exchange Additional Information