Today where cryptocurrency is seen as a lucrative asset and is gradually being accepted as a form of payment, more and more crypto exchanges are starting to appear on the internet. These exchanges are set to cater for the growing demand of crypto users for a place where they can trade crypto securely and expand their portfolios.
One of the newest crypto trading platforms that have managed to stand out is CrossTower Exchange. Founded and registered by Kapil Rathi in Bermuda back in 2019, its goal is to make crypto trading more mainstream by offering innovative trading tools and flexible services to its users.
Features of the CrossTower exchange
Check out the solid features of CrossTower that made it quickly stand out from other new exchange platforms below:
Trading view
CrossTower has a simple and sleek user interface where beginners and expert traders can analyze the market without being overwhelmed by various graphs and charts. It also has a day and night mode for those who want to have a darker or lighter background.
Mobile support
If you are one of those crypto investors who want to trade on the go, you’ll be happy to know that CrossTower has a mobile application. It is as efficient as the official website since it offers the same features and services. The app is available for both Android and iOS devices and can be downloaded from Google Play and App Store.
Security
To ensure security within the site, the exchange requires each user to undergo the Know Your Customer (KYC) verification process before they can trade.
In addition, users will no longer have to worry about their accounts and funds being compromised since the majority of assets are being stored in an offline cold storage system and only a small portion are held in a hot wallet.
Moreover, CrossTower mobile app users can rest assured that their assets are safe since the app requires a PIN code or biometric scan before they can open it. They can also enable face recognition to strengthen the security of the app.
License to operate
CrossTower holds a license to operate from the Bermuda Monetary Authority that requires it to follow all the laws executed by local authorities across the globe. It is also registered as a Money Services Business (MSB) under the Financial Crimes Enforcement Network (FinCEN) which requires CrossTower to abide by the anti-money laundering laws.
Customer support service
CrossTower provides 24/7 customer support service globally. You will also find a FAQ section at the bottom of the page containing solutions to common issues on the site.
Resources page
The resources section has four pages where new crypto traders and experts can learn more about the ins and outs of the crypto world. Take a look at what info can be found in each part below:
- Education: Various education content about crypto such as its history and the blockchain process
- Research reports: In-depth research about the valuable coin features, bull runs and latest trading trends in the crypto world
- Market insights: Insights and recaps into the crypto market where asset movements are analyzed by CrossTower’s expert team
- News and events: Latest coverage about CrossTower
Services offered by CrossTower exchange
Whether a person registers as an individual or as an institution, CrossTower exchange ensures that every user will get the best service that will suit their specific needs. Take a look at what the exchange can offer its clients below:
For individuals
Crypto exchange
CrossTower’s crypto exchange allows users to safely exchange crypto assets within the platform. The Matching Engine it uses can handle more than 10,000 transactions per second.
Referral program
CrossTower has a referral program where existing users can refer new users by generating a referral code link and sending it to them by email or on social media. Those who will successfully refer a new user will then always receive a 25% commission from the referred users’ trading fees. The commission will be instantly placed into your wallet in the form of USDC.
Crypto trading API
The crypto trading API of CrossTower lets you access market data and achieve fast trading throughout the platform by developing various trading tools and software. Take a look at the latest APIs the exchange can offer below:
- FIX: Place and cancel orders as well as fetch execution reports in a standardized internationally recognized format
- RESTful: Submit orders and receive real-time info about the executed trades
- WebSocket: Send and receive messages from the browser to the server
For institutions
Pro Exchange
Take a look at the features institutions can get from CrossTower’s Pro Exchange below:
- Access to all robust APIs such as FIX, RESTful and WebSocket
- Basic to advanced order types
- Deep liquidity with tight bid-ask spreads and high-quality execution
- Regulatory compliance to KYC procedures
Execution services
CrossTower’s execution services provide a full-service trading desk via its offices in New Jersey, Bermuda and India. It also has institutional financing services where firms can borrow USD, USDC, BTC and ETH to suit their capital needs.
Payment methods and fees
Transactions within CrossTower are powered through Banxa, a fiat-to-crypto payment gateway for exchanges, wallets and other crypto businesses. You can use your bank account to buy cryptos. Also, major debit and credit cards as well as Apple Pay are accepted within the platform. Check out how much are the fees they incur below:
Trading fees
Crypto exchanges usually apply different fees between the takers and makers but at CrossTower, there are no fees for the takers while the maker needs to pay 0.05% of the order value.
Deposit fees
There are no deposit fees in CrossTower. Another good news is that it lets you deposit fiat currency through wire transfer and credit or debit card.
Withdrawal fees
The withdrawal fee varies depending on the crypto. There is also a daily withdrawal limit that applies to both fiat and digital assets. Take a look at them below:
- Unverified: N/A
- Verified: $50,000
- Pro: $500,000
- Institution: Depends on the client
Supported currencies in CrossTower exchange
Currently, there are 46 trading pairs in CrossTower which support 13 currencies. Take a look at them below:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- USD Coin (USDC)
- Compound (COMP)
- Uniswap (UNI)
- 0x (ZRX)
- Zcash (ZEC)
- Dogecoin (DOGE)
- Chainlink (LINK)
- Bitcoin Cash (BCH)
- Basic Attention Token (BAT)
- Dai (DAI)
Start expanding your crypto portfolio now at CrossTower exchange
CrossTower proves to be an efficient crypto exchange platform by providing a plethora of services for both individuals and institutions. Behind its simple user interface are secured asset storage, flexible services and low transaction fees.
Also, since fiat deposits are allowed, this means that the platform is an entry-level exchange where new traders and investors can start their crypto journey. So if you are thinking of being a new active and full-time crypto trader, this exchange is a great platform for you.