Learn more about TU’s methodology
- $1
- Web platform
- Dynamic fees, Nitro pools, limit orders
Our Evaluation of Camelot
Learn more about TU’s methodology
Camelot is a high-risk cryptocurrency exchange with the TU Overall Score of 2.57 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Camelot clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
Camelot is a platform for users who want to trade cryptocurrencies and earn income from liquidity. With its unique infrastructure and Arbitrum support, it offers high yields and convenient tools for asset management. Camelot is particularly valuable for those already working within the Arbitrum ecosystem or looking to invest in DeFi.
How we tested Camelot
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at Camelot
Camelot is a decentralized cryptocurrency exchange built for the Arbitrum ecosystem. Launched in 2022, the platform focuses on liquidity provision for a broad range of crypto assets. Its core trading instruments are crypto pairs supported by a V3 liquidity system that enables users to manage capital more efficiently and earn income by supplying liquidity. A central feature of the Camelot ecosystem includes two utility tokens: GRAIL and xGRAIL. GRAIL functions as the primary token for trading and passive income, while xGRAIL is a wrapped version that unlocks advanced features such as boosted farming yields and early access to launchpad opportunities.
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- Intuitive interface suitable for both new and experienced users
- V3 liquidity allows capital concentration within specific price ranges
- Strong integration with the Arbitrum ecosystem and support for multiple partner projects
- Opportunities for passive income through farming and staking with GRAIL and xGRAIL
- Not regulated or licensed by any financial authority
- Limited to the Arbitrum ecosystem, which may restrict multi-chain usage
TU Expert Verdict
Chief Analytics Officer
Camelot is a decentralized cryptocurrency exchange designed for users trading crypto pairs on the Arbitrum blockchain through a web platform. The platform features an automated market maker model, supports over 90 cryptocurrencies, and focuses on liquidity provision by enabling users to earn income via staking and farming with GRAIL and xGRAIL tokens. With dynamic fees, Nitro pools, limit orders, and a $1 minimum deposit, Camelot is particularly attractive to participants already engaged in the Arbitrum ecosystem who value innovative DeFi tools.
However, a notable drawback is that Camelot is not regulated or licensed by any financial authority, offering no investor protection fund or government-backed security measures. Additional disadvantages include cryptocurrency-only funding methods, limited asset diversity compared to leading exchanges, and withdrawal fees. Camelot may not be suitable for users who require strong regulatory safeguards, broad multi-chain access, or fiat deposit and withdrawal options.
Camelot Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Web platform |
|---|---|
| 📊 Accounts: | ETH wallets |
| 💰 Account currency: | Cryptocurrencies |
| 💵 Deposit / Withdrawal: | Cryptocurrency transactions |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | None |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | Depends on the cryptocurrency |
| 💱 Commission: | Spot: Varies based on transaction type%-Varies based on transaction type% |
| 🔧 Instruments: | 137 supported coins. |
| 💹 Margin Call / Stop Out: | Via web platform |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | AMM (automated market maker) |
| ⭐ Trading features: | Dynamic fees, Nitro pools, limit orders |
| 🎁 Contests and bonuses: | None |
Camelot provides decentralized cryptocurrency trading with liquidity support on the Arbitrum blockchain. Trades are executed through an automated market maker (AMM) model, allowing users to swap tokens directly via liquidity pools without relying on intermediaries. The platform supports a wide range of assets with varying levels of volatility, offering access to over 90 cryptocurrencies, including both major coins and emerging tokens native to the Arbitrum ecosystem.
Camelot Key Parameters Evaluation
Regulation and Safety
Camelot received a score of 0.75/10, indicating a low level of security and regulatory compliance. This suggests that the platform may lack essential protections, and users should exercise extreme caution.
- No successful hacks history
- No 2FA option
Camelot Security Factors
We also compared Camelot against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Camelot | Kraken | Coinbase | |
| Tier-1 regulation | No | Yes | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | No | No | Yes |
| 2FA | No | Yes | Yes |
| Facial recognition | No | No | No |
| Cold wallet storage | No | Yes | Yes |
| Successful hacker attacks | No | No | Yes |
Is Camelot a regulated crypto exchange?
Camelot is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean Camelot is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at Camelot?
KYC verification is not mandatory for opening an account and trading at Camelot. However, unverified accounts have certain limitations, such as lower withdrawal limits and restricted access to certain features.
Is Camelot available in the USA?
Yes, Camelot is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
Camelot commissions and fees
Camelot received a 7.75/10 score for its trading fees. While Camelot is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are Camelot trading fees?
We analyzed Camelot’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Camelot trading fees vs competitors
| Camelot | Nexus Trade | CoinMetro | Industry average | |
| Spot, maker fee (%) | Varies based on transaction type | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | Varies based on transaction type | 0.22 | 0.2 | 0.194 |
What are Camelot deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | Network fees apply |
Does Camelot offer P2P trading?
No, Camelot does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and Withdrawal
Camelot received a 2.5/10 rating for its deposit and withdrawal services. Camelot offers limited funding options and may charge fees, which could be inconvenient for many users.
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- No P2P transfer option
- No Google Pay option
Deposit and withdrawal options
Camelot supports the following deposit and withdrawal options: Crypto.
Camelot Deposit and withdrawal options vs competitors
| Camelot | Kraken | Coinbase | |
| Bank transfers | No | Yes | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
What is Camelot minimum deposit?
The minimum deposit at Camelot is 0 USD/USDT or 0 BTC. The minimum trade size is 0 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Camelot minimum deposit vs competitors
| Camelot | Kraken | Coinbase | |
| Minimum deposit, USD or USDT | 0 | 10 | 10 |
| Minimum deposit, BTC | 0 | 1 | 1 |
| Minimum trade amount, USD/USDT | 0 | 1 | 2 |
Does Camelot support fiat money?
Camelot does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
Camelot received a score of 2.5/10 in this category, indicating a modest offering of assets and markets. While Camelot covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Yield farming available
- Staking available
- Fiat currencies not supported
- Crypto futures not available
Camelot supported coins and markets vs competitors
We compared Camelot with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Camelot | Kraken | Coinbase | |
| Supported coins | 137 | 278 | 249 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | No | No |
| NFTs | No | Yes | Yes |
Camelot passive income options vs competitors
We also compared Camelot with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Contacts
| Official site | https://app.camelot.exchange/ |
|---|
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