
Is Blocktrade a Good Crypto Exchange for Beginners?
It is important for novice cryptocurrency traders to choose the right crypto exchange. Not all companies can be used when you are just starting your path in trading, which is why the success in cryptocurrency trading depends on making the right choice. Beginners often wonder whether Blocktrade is a good crypto exchange to start trading with. In this article you will learn whether Blocktrade is good for beginners, what its pros and cons are and what a novice trader needs to know.
Blocktrade's Top Features for Beginners
Blocktrade’s beginner-friendly features, such as a demo account, low minimum deposit, educational materials, copy trading, staking, a user-friendly mobile app, customer support, fiat deposit and withdrawal options, and low fees, were compared against the top two competitors to ensure a comprehensive evaluation.
Blocktrade | OKX | Kraken | |
---|---|---|---|
Demo account |
Yes |
Yes |
No |
Minimum deposit, USD or USDT | 1 USD / 3 EUR | 10 | 10 |
P2P exchange |
Yes |
Yes |
No |
Spot maker fee | 0,05 | 0,08 | 0,25 |
Fiat transactions |
Yes |
Yes |
Yes |
Bank cards |
No |
Yes |
Yes |
Commissions and fees | 7.45 | 9.25 | 6.2 |
Educational tools |
Yes |
Yes |
Yes |
Crypto bonuses |
Yes |
Yes |
Yes |
Staking |
No |
Yes |
Yes |
Copy trading |
No |
Yes |
Yes |
|
|
Why We Focused on Comparing These Beginner-Friendly Features:
Demo account – Allows beginners to practice trading without risking real funds, helping them gain confidence and understand the platform.
Minimum deposit, USD or USDT – Ensures low entry barriers, making it affordable for newcomers to start trading with a small initial investment.
P2P exchange – Enables direct cryptocurrency trading between users, often with no intermediaries, providing a straightforward and accessible way to trade.
Spot maker fee – Highlights competitive trading fees for placing limit orders, which is cost-effective for those starting with spot trading.
Fiat transactions – Simplifies the process of depositing and withdrawing funds using local currencies, making it convenient for first-time users.
Bank cards – Provides an easy and familiar way for beginners to fund their accounts quickly using Visa or Mastercard.
Commissions and fees – Transparent and competitive fee structures help beginners calculate costs and avoid unexpected charges.
Educational tools – Tutorials, webinars, and guides equip beginners with the knowledge needed to trade confidently and effectively.
Crypto bonuses – Offers incentives like signup rewards or deposit bonuses, encouraging newcomers to explore trading.
Staking – Allows beginners to earn passive income on their holdings, introducing them to advanced cryptocurrency features with minimal effort.
Copy trading – Lets new traders learn by replicating the strategies of experienced traders, reducing the learning curve.
Short summary about the broker Blocktrade
Blocktrade was registered in January 2020 in Tallinn, Estonia. Its operation is regulated by the Estonian Financial Intelligence Unit. The list of available trading assets includes all popular cryptocurrencies and also USDC stablecoin. Euro is the only fiat currency supported by the exchange. At the moment, the exchange accepts clients not only from the European Union, but from 120 countries. Once you’ve verified your account, you can start trading with any amount. For this, Blocktrade offers a web platform and proprietary mobile applications.
💰 Account currency: | EUR, cryptocurrencies |
🚀 Minimum deposit: | Equivalent of $1 for crypto, EUR 3 for deposits in fiat |
⚖️ Leverage: | Not provided |
💱 Spread: | 0.3% |
🔧 Instruments: | Cryptocurrency pairs, crypto/EUR pairs |
💹 Margin Call / Stop Out: | No |
Blocktrade Pros and Cons
👍 Advantages of trading with Blocktrade:
•Regulated by an EU regulatory authority;
•Fiat deposits and withdrawals are accepted, not only cryptocurrency;
•Minimum deposit: USD 1 for cryptocurrencies and EUR 3 for fiat;
•Trading fees are at the same level as competitors;
•Deposit/withdrawal with debit/credit cards and bank transfers;
•Mobile trading apps with TradingView charts;
•Quick and simple registration.
👎 Disadvantages of Blocktrade:
•Poor choice of cryptocurrencies for trading;
•No passive income options, such as staking and referral program;
•Margin trading is not available.
Trading Conditions for Blocktrade Users
Before you start working with an exchange, it is important that you evaluate its trading conditions. Blocktrade offers traders the following conditions.
Minimum deposit, USD or USDT | 1 USD / 3 EUR |
Futures leverage | Not allowed |
Spot leverage | Yes |
Coins Supported | 6 |
Affiliate program | Yes |
Replenishment / Withdrawal | Debit/credit cards, external crypto wallets, bank transfers |
Trading features | No investment programs, Monero (XMR), DASH, Tether (USDT) cannot be traded |
Blocktrade's Fees
We compared XXX's fees with the top two competitors to provide a clear understanding of how affordable the exchange is for its users.
Blocktrade | OKX | Kraken | |
---|---|---|---|
Spot Taker fee, % | 0,05 | 0,1 | 0,4 |
Spot Maker fee, % | 0,05 | 0,08 | 0,25 |
Futures Taker fee, % | No |
0,05 | 0,05 |
Futures Maker fee, % | No |
0,02 | 0,02 |
Withdrawal fee | 0,0005 BTC 0,01 ETH | 0,0004 BTC 2,6 USDT | 0,0005 BTC |
The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of Blocktrade commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.
The trading fee on Blocktrade is the same for all pairs – 0.3% of the trade volume. It is charged in the quoted currency and is rounded to two decimal places for fiat and eight decimal places for all crypto assets. Withdrawal fees are fixed for cryptocurrencies: 0.0005 BTC, 0.001 LTC, 0.005 ETH, etc. Blockchain does not charge a deposit fee, but there may be blockchain fees. Deposits and withdrawals in euros are charged with a 0.15% fee of the transaction amount, but no less than EUR 2 per transaction.
Account type | Spread (minimum value) | Withdrawal commission |
Standard | 3$ for a transaction of USD 1,000 | Charged on fiat and cryptocurrencies |
Investment programs of Blocktrade
It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. Blocktrade offers the following passive income options.
Blocktrade is an exchange for active cryptocurrency trading. Previously, it offered investment income for owning its shares, which could be bought with the exchange’s native coin Blocktrade Token (BTT). However, at the moment, it is no longer used or distributed.
Also, the exchange does not offer passive income for staking crypto assets or a referral reward for bringing in new clients.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.
Blocktrade Partnership program
At the time when this review was prepared, the exchange did not offer referral programs to its clients.
Conclusion. Is Blocktrade good for beginners?
The Blocktrade cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, Blocktrade could be considered as a good cryptocurrency exchange for a start.
- Is AltCoinTrader a Good Crypto Exchange for Beginners?
- Is VirgoCX a Good Crypto Exchange for Beginners?
- Is CoinMate a Good Crypto Exchange for Beginners?
- Is Upbit a Good Crypto Exchange for Beginners?
- Is Paribu a Good Crypto Exchange for Beginners?
- Is BingX a Good Crypto Exchange for Beginners?
- Is Nominex a Good Crypto Exchange for Beginners?
- Is Korbit a Good Crypto Exchange for Beginners?
- Is AAX a Good Crypto Exchange for Beginners?
- Is Paymium a Good Crypto Exchange for Beginners?
- Is Coinut a Good Crypto Exchange for Beginners?
- Is Pionex a Good Crypto Exchange for Beginners?
- Is Binance a Good Crypto Exchange for Beginners?
- Is MEXC a Good Crypto Exchange for Beginners?
- Is Bexplus a Good Crypto Exchange for Beginners?
- Is BitFlyer a Good Crypto Exchange for Beginners?
- Is CEX.io a Good Crypto Exchange for Beginners?
- Is TimeX a Good Crypto Exchange for Beginners?
- Is P2PB2B a Good Crypto Exchange for Beginners?
- Is AscendEX a Good Crypto Exchange for Beginners?
- Is Zaif a Good Crypto Exchange for Beginners?
- Is Buda a Good Crypto Exchange for Beginners?
- Is Lbank a Good Crypto Exchange for Beginners?
- Is Bitvavo a Good Crypto Exchange for Beginners?
- Is Poloniex a Good Crypto Exchange for Beginners?
- Is Bitrue a Good Crypto Exchange for Beginners?
- Is ByBit a Good Crypto Exchange for Beginners?
- Is NDAX a Good Crypto Exchange for Beginners?
- Is WhiteBIT a Good Crypto Exchange for Beginners?
- Is Luno a Good Crypto Exchange for Beginners?
FAQ
What do I need to know about the fees charged by cryptocurrency exchanges?
The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.
How do I choose a reliable cryptocurrency exchange?
Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.
How many cryptocurrencies could a crypto exchange offer?
The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.
What are the risks of investing in cryptocurrencies?
Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.