The Cryptology platform’s keyword is simplicity. The notion is that the area of cryptos should be simple and easy to understand. Consequently, it is one of the few platforms that appeal to both inexperienced and expert users. They focus on providing the customer with various tools and material that helps them engage with the universe of crypto.
Main Information about the Platform
Cryptology is one among countless cryptocurrency exchange platforms. It is available as both a webpage and also an app for smartphones. To enter the site, go to the webpage using any browser (https://cryptology.com/) or download and install the app on your mobile device. Except for the United States and Japan, it is accessible in all countries. English and Japanese are available as a linguistic choice, as are Spanish, Russian, French, Korean, Portuguese, and various other translations. All this is done to improve accessibility to the widest variety of users.
You can find more information about the team behind the platform on their blog, which is linked to the main website. They are very open about the people who are part of the group. This ends up bringing more confidence to the user in relation to the platform. It is always good to know who are the people who will deal with you and with problems that the platform may present. The site’s team is diverse, with both new employees and some with more experience.
To date, no records have been found of any successful hacker attacks on the platform, which is an excellent demonstration of the platform’s security.
How to sign up
Starting a profile on the site is much like setting up an account on any other service. For depositing and withdrawing money, you must supply some general details such as your email address, address, and password, as well as card details. And there are two authentication methods, each with its own set of unique characteristics.
For the first method, you need to provide your full name, proof of identity, and a photo with your face along with the identity document. Your platform limit will be increased to $10,000 as a result of this.
For the second, users will be required to present evidence of residence. At this level of authentication, you will have no limits whatsoever.
Features
Buying and Selling
It is pretty straightforward to buy and resell cryptocurrencies using Cryptology. It handles Bitcoin, Ethereum, Litecoin, USDT, XLM, XRP, ZEC, and other cryptos. They are all purchasable in Dollars, Euros, or Ruble. It is interesting to note that you may quickly convert Bitcoin to Fiat currencies by simply clicking a button on the application or website.
Cryptology Exchange
One of the service’s sections is the Cryptology Exchange. It offers various key features and a customizable interface in a platform with a wide range of trade pairs.
The platform contains features such as a Trade History, a TradingView supplied chart, an Order Book, and an Order Form. All of this information is presented in an easy-to-understand way.
Trading pairs include BTC, ETH, XRP, DYDX, XLM, BCH, LTC, ZEC, USDT, DAI, USDC, TRX, BAT, KVI, PSC, 1INCH, EURS, EUR, USD, RUB, and more.
Crypto Futures
Users of Cryptology Futures Trading can execute everlasting trades with leveraging of up to 100X. Users can choose from cross-margin and isolated margin options while trading futures. To decrease the potential risk of error in high volatility conditions, risk reduction procedures cover all transactions on the futures trading platform. To meet the demands of both parties, Cryptology has created a specialized insurance fund and auto-deleveraging procedures.
Cryptology Earn
Cryptology Earn is a new service option that has been implemented on the platform. This service generates passive income for the user. You may earn a living on the platform by just utilizing cryptocurrencies and different stablecoins. Note that the consumer must use a bank card to make such transactions.
The system also offers features for tracking, reinvesting the money, and extracting investments and income.
The currency selected by the user will determine revenue. It could be a 15% annual return on stablecoins like USDT and DAI or an 8% annual return on cryptocurrencies such as bitcoin. Of course, because there are many investment options, the yield percent might vary considerably. These are only a couple of examples.
Entry Barriers and Fees
To begin, Cryptology is a cryptocurrency trading platform that charges as little as 0% charge. That’s a massive advantage for anyone trying to get into the crypto industry without suffering significant early damages. Furthermore, a new user could be eligible for a $100 reward.
Cryptology does not differentiate between takers and makers in terms of exchange fees. It asks for a 0.20% flat fee, which is an excellent thing as it is below the world average for the area. This makes the platform even more attractive, which makes liquidity greater. There is also a fee of 0.0005 BTC for withdrawals. As an entry platform, it supports both cryptos and fiat money. Deposits can be made using bank transactions, credit or debit cards, and other existing cryptos.
Liquidity is substantial, as is the number of possible currencies you can trade. Exchanges can be made either in Dollar, Euro or even in Rubles.
Currently, the costs for both takers and makers are about 0.002. The trading volume determines the fee for trading any other currency available on the site.
They also impose a 2.65% charge on card deposits, with a minimum of $25, RUB 1000, or €20. SEPA deposits with a threshold of €1 suffer a 0.45% fee. Wire transfers are also available to authorized clients for a fee-free entry of $25 or €25.
The service may impose other charges on various consumers from varying locations. This is, nevertheless, the norm on Dollars, Euros, and Rubles.
As seen, the charges are small, so the entrance obstacles for individuals who are new to the service are low. This is consistent with the platform’s concept, which is intended to be easily accessible and usable – offering everything a newbie to the industry needs in terms of convenience of use and minimal risk.
Deposit and withdrawals
Deposits can all be made using typical means such as Boleto, debit and credit cards as Visa and Mastercard, wire transfers, and so on. As well as less familiar approaches, such as ERC20, TRC20, and Omni standard USDT cryptocurrency tokens.
Clients can also withdraw from their profiles in any recognized cryptocurrency (excluding BCH) or by wire transfer.
Support and Security
The service’s assistance is excellent. Everything will be in place to ensure that the process takes no more than 10 minutes and is fast, reliable, and efficient. People of all countries may anticipate their complaints to be addressed around one day after filing them.
To reach assistance, write an email to [email protected] or submit a ticket through the app’s or website’s help page. Also, there is a FAQ, which may be helpful if it’s a recurring problem.
The protection of the platform looks to be industry standard. The platform uses SSL encryption, and the accounts use two-factor authentication.
Conclusion
Cryptography achieves the optimum balance of use, ease of implementation, and low risk. It is ideal for anyone interested in crypto but is uncertain where to start or is afraid of losing a massive chunk of money. The simple design and functionality will surely help in this attempt.
Cryptology is most likely the best cryptocurrency trading platform for beginners.
