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Cryptology exchange: Your gateway to crypto trading

Cryptology is a Singaporean exchange site that aims to provide an easy-to-access platform for traders. Accessibility is one of the biggest problems that traders face when they’re searching for an exchange site and this platform successfully addresses that issue. 

It also features various benefits for its users such as leverage trading, spot exchanges and more. Whether they be newcomers or veterans, they’ll certainly find something about this platform that they’ll find useful. 

If you’re curious to learn more about this exchange site, keep reading to find out everything you need to know about Cryptology.

What is Cryptology exchange?

Cryptology exchange launched back in January of 2018 intending to allow users to trade cryptos seamlessly. They planned to achieve this by featuring various benefits such as minimal fees, easy-to-use interface and more. To give you an idea of what this site has to offer, here are some of the things that you should know: 

Supported cryptocurrencies

A wide selection of cryptocurrencies is one of the most important features users look for. Although Cryptology exchange’s catalogue is not as expansive compared to others, it does hit the target by featuring some of the biggest tokens in the industry by market capitalization.

Here are the cryptocurrencies that are supported by the Cryptology exchange:

  • Bitcoin – BTC
  • Ethereum – ETH
  • EURS (Euro-backed stablecoin)
  • Litecoin – LTC
  • USDC (US Dollar-backed stablecoin)
  • Tether – USDT
  • Stellar – XLM
  • Ripple – XRP
  • Zcash – ZEC.

Spot exchange and Futures trading

Aside from allowing users to regularly buy, trade and sell crypto, Cryptology also offers other services such as Futures trading and Spot exchanges. 

Futures trading is a contract between two parties that agree to buy and sell crypto assets at a given date in the future for a fixed price. On the other hand, the spot exchange rate is the current price level that it takes to trade two cryptocurrencies or a pair. 

Cryptology fees

Cryptology exchange, just like other platforms, charges a fee for its services. However, with this site, you won’t have to worry about any hidden charges and all you need to pay for are the trading and withdrawal fees.

Trading fees

Cryptology introduces something called the ‘flat fee model’ where it doesn’t charge different fees between traders and makers. As of the time of writing the trading fee for both roles stands at 0.2% which is considerably lower knowing that most platforms charge around 0.25%.

Withdrawal fees

One of the things that users love about cryptology exchange is its relatively low withdrawal fee, which is best shown with its Bitcoin withdrawals. Traders who wish to withdraw their BTC are only charged 0.0005, which is lower compared to the global industry average of 0.0008 BTC.

Advantages of using Cryptology

To give people more reasons to choose Cryptology over other exchange sites, it offers a selection of advantages aside from letting traders buy, sell and trade cryptos. This includes:

Accessibility

Cryptology’s straightforward interface is what appeals to both experienced and new users alike. As soon as Cryptology boots up, you’ll be greeted with a simple design that’s evident across your whole experience with the exchange site. From the registration process to trading or even just browsing, you can expect to see everything laid out in front of you and neatly separated in its categories.

This simplicity is only made better by the design Featuring a three-block colourway, users won’t be confused by the layout as everything is properly colour coordinated.

  • Minimal fees

Another advantage of Cryptology is that it has relatively lower fees compared to what the global industry average usually charges. Whether you’re trading, withdrawing or depositing, you can expect to see minimal fees and the best part is that there’s 0% hidden charges.

Wide variety of supported countries

The last thing that traders need to experience is to sign up to an exchange site just to find out later that it doesn’t support your country. With Cryptology, the exchange site is available worldwide except for the U.S.A. and Japan. 

Leverage trading

Only a few platforms offer leverage trading for their users, and thankfully Cryptology is one of them. With this feature, traders can borrow funds from the exchange so that they can reach the needed number of assets for a higher bet. On the site, users can get leverage trading of up to 100x!

Leveraged trading is extremely useful if you want exposure to a better trading position where you have an opportunity to gain more assets. However, some traders see leverage trading as a double-edged sword as it can also increase the risk for future losses.

Responsive support team

Naturally, a market that’s as confusing and intricate as crypto will cause people to have questions and inquiries. Thankfully, Cryptology has an excellent and responsive support team that’s always ready to answer its users.

The platform has an organized way of answering queries from its users. It features a ticket system where users can submit their concerns regarding the site and they can also attach an image to better describe the situation. The site will then respond within 24 hours.

Aside from sending queries through the website, Cryptology users can also use the mobile app to contact the support team via email or chat.

Deposit methods

Depositing into your account is an important step in trading cryptos which is why as much as possible, a platform should give its users an easy way to do it. In Cryptology exchange, traders consider the site as an entry-level platform because people can deposit fiat currencies meaning that it’s accessible for newcomers. Additionally, the site also allows credit cards and wire transfers as a deposit method. 

Cryptology app

To make their services even more accessible, Cryptology has a mobile app that can be seamlessly opened across devices. Through this app, users can monitor the marketplace in real-time, whenever and wherever. They can also engage in live trading as long as they’re connected to the internet. Lastly, the mobile app also allows users to contact customer support for their inquiries.

Should you use Cryptology exchange?

Cryptology exchange is a great choice if you’re looking to enter the crypto trading world with less hassle. However, whether you’re a beginner or not, the site offers advantages that you simply can’t get in other exchanges such as leverage trading, minimal fees, accessibility and more. On top of that, it also provides a solid platform for trading, selling and buying crypto tokens.

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