Cryptology

Cryptology, a Lithuanian-based cryptocurrency exchange founded in 2017, offers a diverse range of crypto assets for trading, including spot, futures, and staking. Its innovative debit card bridges the gap between digital and traditional finance, allowing for convenient crypto payments and withdrawals.

Website Interface: How friendly Is It?

Cryptology's multilingual platform (20 languages) caters to a global audience, providing intuitive navigation for both experienced and novice traders. The Markets section offers a comprehensive overview of cryptocurrency prices, along with detailed information and quick trading options. The platform's token categorization feature streamlines the process of discovering new investment opportunities.

Cryptology's Exchange menu features all the available tokens and order books. The platform's upcoming launch of trading bots for perpetual futures demonstrates its commitment to innovation and meeting the evolving needs of traders. The Staking page offers detailed information on custodial and non-custodial staking options, helping users to make informed choices based on their risk tolerance and investment goals.

Customer Reputation

Cryptology received a five-star rating from most users on TrustPilot. Many highlight the ease of deposits and withdrawals, low fees, easy-to-use app, and helpful customer support. Some users who rated the platform lower mention the need for extensive documentation for KYC for institutional investors, but this isn’t out of ordinary with other exchanges as well.

Cryptology Mobile App

Cryptology's mobile app offers access to the same features as the desktop platform, including real-time market data, staking options, and a variety of trading pairs.

Customer Support

Cryptology offers customer support through email and live chat in English, Portuguese, and Spanish. While an AI chatbot initially assists with inquiries, human agents are available upon request. The platform also provides a comprehensive online knowledge base and educational blog articles to address common questions and provide valuable insights.

Liquidity

Cryptology has shown a positive trajectory in terms of trading volume, with a substantial increase since its initial review. Although the current trading volume remains modest compared to larger exchanges, the upward trend suggests growing user adoption and market interest. Currently, the 24-hour trading volume exceeds $52 million, a nearly $50 million increase since 2020.

Deposit & Withdraw

Cryptology Trading fees

Cryptology employs a flat fee model for both maker and taker fees, charging a consistent rate of 0.2% for spot trading and 0.05% for futures trading. This competitive fee structure aligns with or even surpasses the industry average, making it attractive to traders seeking cost-effective trading options.

Cryptology Withdrawal fees

Cryptology's commitment to user-friendly fees extends beyond trading, as the exchange doesn’t charge any withdrawal fees for crypto. This stands out in comparison to the industry average of 0.0008 BTC. Fiat withdrawals incur a 7 USD/EUR fee, but Cryptology's overall fee structure remains competitive and attractive.

Deposit Methods

Cryptology caters to both experienced and novice traders by offering support for fiat currency deposits through wire transfer and credit cards. This accessibility makes it an ideal platform for those new to the cryptocurrency market.

Supported Cryptos

Cryptology supports a wide range of popular tokens like BTC, ETH, and SOL, meme coins like DOGE and PEPE, and over 280 other altcoins.

Verification Requirements

Basic KYC on Cryptology only requires the user’s name, date of birth, residency, citizenship, and mobile phone number. Advanced KYC also requires an identity document, selfie, proof of address, and questionnaire.

Buy and Sell Limits

Users with basic KYC have no trading limits on Cryptology but can withdraw up to 699 EUR daily or 10,000 EUR monthly. Advanced KYC increases the withdrawal limit to 14,999 EUR daily or 150,000 EUR monthly. Users with Level 3 KYC have no withdrawal limits.

Countries Supported

Cryptology operates globally but is currently unavailable to residents of certain countries and regions, including the United States, Canada, and several countries in Asia, Africa, and the Middle East. Specific services may also have restrictions in certain supported regions.