Cryptopia Exchange Review: Is it safe?
The cryptopia exchange is an intense money exchanging stage and New Zealand based digital money exchange. Today here at BlockchainBiome I am going to share a complete Cryptopia Review with you which will clear all your doubts like cryptopia fees, is cryptopia safe, how to use cryptopia etc.
With this, we can store, exchange, and pull back Bitcoin, Litecoin and more than 400 different digital forms of money. It is also a marketplace that lets the user sell anything to anyone and anywhere in the world in the exchange of cryptocurrencies. They are also market makers that take bid-ask spreads as transactions commission for their services or simply charge fees as a matching platform. It also converts digital currency balances into prepaid cards which can be used to withdraw funds from ATMs worldwide.
Adam Clark and Rob Dawson set up Cryptopia exchange in 2014. You can likewise purchase day by day utilization stuff as pc materials, furniture’s and even autos too with its commercial/marketplace platform.
The most imperative preferred standpoint is that we can exchange more than 500 cryptographic forms of money for various clients with no charges. Cryptopia exchange is absolutely a Peer to peer (P2P) exchange benefit, implies you will purchase straightforwardly from clients.
Features of Cryptopia Exchange
On July 5, 2018, the market capitalization of cryptopia exchange was $7826406. And with the help of this, you can sell and exchange anything anywhere and anytime in the world in exchange for cryptocurrencies. Buy/sell items free of charge or classify listing and start using crypto. It’s (Cryptopia) block explorers allow the user to view detailed information on all the transactions and blocks that user as made. So, here the user can also track all the crypto payment every step of the journey.
In this, the user gets all the information about the prices of the coins as in this section all the prices of coins are listed after this the user can easily pick out the best-valued coin and then the user can make more informed decisions. This is one of the top features in this cryptopia review.
Here, the user gets the up-to-date information on the altcoins that are being traded at Cryptopia.
Cryptopia exchange is an entirely peer to peer exchange. So, the users can buy straight from the other users. Like eBay and etc where the user will find some very competitive prices nut user can also find some very bad offers too. So, once the user has checked and researches all the advantages and disadvantages then thereafter user can log in to their accounts and can verify the account by entering their personal information.
The most interesting thing I adored in this Cryptopia review is its lottery framework. You can win heaps of coin ordinary or month to month with this. You should simply take part in the lottery and on the off chance that you be in the best three places then you will get prizes without a doubt.
Cryptopia login & Sign up process
So now moving forward in this cryptopia review lets see how to login or signup. We can sign up for cryptopia exchange as simple as we sign up for any simple website. All you’ll have to do is simply go to the landing page where you’ll see two choices, one is login and other is register. When you tap on the register you will see a straightforward forum, fill it and afterward tap on Register button.
What’s more, once you have just made your record you will get a withdrawal limit of $5,000. To expand it you’ll need to confirm significantly more personalities like ID, address, photograph and full name. When you confirm these, your withdrawal limit will be expanded to $50,000 every day. What’s more, to expand a greater amount of your limit of withdrawal then you’ll need to contact to the supportive network and let them think about it, at that point they will check a couple of more things and you are good to go.
You can’t withdraw any amount you thought of it totally depends on your account. First of you will only be able to withdraw a small amount once you verify your account your limit will be increased automatically.
There is three level verification and each level has a fixed limit.
Let’s see them more easily,
|Level of Verification||Withdrawal Limit in NZD (Daily)|
|2nd Level 1||$50,000|
Let’s suppose you want to enjoy the max feature of withdraw that is more than $50,000 NZD then you just have to contact to contact to the customer support service available on the homepage.
Then the customer support team will check a few things to level up your account that is, your account must be of level 2 while you are requesting for level 3. Means if you have a level 1 account then you can’t directly approach for level 3, first you’ll have to increase to level 2.
Then your account must be a business or a corporate account.
One more thing I wanted to make you note is that cryptopia exchange doesn’t support fiat currency trading.
Who can use Cryptopia?
This can be used by anyone who has a verified account. But the user should know that it supports only in New Zealand dollars and the user can only make transfers or transaction from New Zealand bank accounts. On the off chance that the clients are just going to utilize cryptographic forms of money, at that point you can utilize Cryptopia from anyplace on the planet with no issues.
Eligibility for having Cryptopia
Cryptopia Security and support
It has 3 levels of verification which depend on the number of funds are available and how much funds are needed to be withdrawal.
The site gives users to invest by opening long-term deposits in a special currency called DOT, for which cold wallets are known and their addresses posted in a forum. The emails sent by Cryptopia are not encrypted so they are sent as text or via through HTML or SMS. So, for the exchange has not experienced any hack.
Cryptopia Exchange Deposit & Withdrawal Methods
Deposit methods: Bitcoin, Ethereum, Litecoin, Dash and Bank transfer.
Withdrawal methods: Bitcoin, Ethereum, Litecoin, Dash and Bank transfer.
Here, a user is able to see the minimum amount to withdraw money from the exchange. The commission for trading operations is 0.20%. There are no fees for replenishment of the wallet balance and transfers within trading platform but for withdrawal of coins, there are fees which directly depends on the size and can be seen by selecting the appropriate action in their wallet.
Transaction fees for cryptocurrency depend on the requirement of network capacity at the time by the demand from the actual user or the currency holder. The user can choose a specific transaction fee. This exchange can simplify the process for currency holders by knowing which fee will likely cause the transaction to be processed at the time when the user wants to access.
Cryptopia Transition time
If we talk about Cryptocurrency transfer, then, it will be transferred in a few minutes. But if we talk about depositing or withdrawing NZD then may take up to a few days.
The transaction time totally depends on the time when you submit the request and the server etc.
Is the website user-friendly?
We come to see a lot of issues from users about the interface. People don’t find the interface user-friendly. So you’ll get a bit difficult in the starting and after that, you’ll be handy to that. So no need to worry about that.
How to get verified on cryptopia exchange?
Anonymous accounts are not allowed, but temporary emails are permitted.
Is Cryptopia safe?
As we know the users of cryptopia exchange are complaining about the security, and the software updates issues, and bad user interface but Overall if we talk about the safety in this cryptopia review then we can trust on Cryptopia for sure because first of all, it is a registered exchange service.
The team of cryptopia exchange including founders is publicly open to talking so we can reach to them whenever we want to, there is nothing like hiding the personal details.
The other good thing I noticed is the Form provided by Cryptopia. It is really a great community where we can ask or raise any of our issues and the issues will be identified by the great team and the community members across the globe.
And last but not least we always have an option of customer support. We are just a ticket away and we will be answered in a few minutes. We have a large option to contact like email, chat, phone and the social media accounts are active too.
Benefits of the Cryptopia exchange
It is designed to make the task of buying, selling and trading of almost everything like cryptocurrencies very easy. These cryptocurrencies are complex, speculative and involve significant risks. They are profoundly unstable and touchy to optional movement. Other one more benefit is that it has an ability to transfer the bitcoin and other currencies between the users free of cost because it is transferred using cryptopia, not by the blockchain.
Pros of Cryptopia
- Low Fees
- An arbitrage tools
- Hundreds of altcoins listed
- Fast customer support
- Sense of community
Cons of Cryptopia
- Low volume
- Confusing interface
- Rude staff
- Ethereum not accepted
Cryptopia Referral program
Many developers of this Cryptopia trading platform have created a profitable referral program that allows the client to earn on attracting consumers or customers. They made a policy in which each new trader will able to receive 10% of his/her trading commissions. This reward or payment is made in cryptocurrency DOT and this money is transferred to the user’s inner wallet. To receive the benefits from this the user needs to provide each new user with a personal link which he or she must specify during registration.
Wrapping up Cryptopia Review
At last, I would like to say that cryptopia exchange is a great exchange for anyone wanting to trade less popular altcoins. For the big players there, is better alternatives for them this is not the best choice and if the user is an Ethereum enthusiast then he/she simply stay away from this place.
In today’s era, the use of this cryptocurrencies is increasing day by day and becoming a good way for many users to earn a handsome amount of many so due to this many people are involving in malpractices they do a lot of illegal things to earn money so the user needs to secure their pieces of information so nobody could hack them in any conditions. The user should need to be very careful and to be overprotective.
If you still have any doubts regarding cryptopia exchange review then do comment below and I’ll try my best to help you out as soon as possible.