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Top 3
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Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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Cryptology Review 2024
Minimum
deposit:
deposit:
- $25
Trading platform:
- Proprietary platform
Minimum
deposit:
deposit:
- $25
Trading platform:
- Proprietary platform
Trading features:
- There are investment programs such as deposits and staking
Summary of Cryptology Crypto Exchange
Cryptology is a high-risk cryptocurrency exchange with the TU Overall Score of 2.92 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Cryptology 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. Cryptology ranks 140 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
Cryptology is a relatively small exchange with a basic set of trading assets and investment products. It is suitable for traders working with cryptocurrencies from the top 100 in terms of capitalization.
NOTE!
If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.
Traders Union experts recommend considering Top 3 companies from our rating:
Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative,
in accordance with the
Users Reviews Policy.
The Cryptology exchange is a Seychelles registered cryptocurrency platform founded in 2018. Initially, the platform was designed for exchange operations using cryptocurrencies. Later, futures trading was added to its functionality, and since 2021, a passive investment in the cryptocurrency service, Earn, has appeared. Trading on the exchange involves a proprietary terminal with a classic set of timeframes and technical analysis indicators.
| 💰 Account currency: | USD, EUR, RUB, and cryptocurrencies |
|---|---|
| 🚀 Minimum deposit: | 25 EUR/USD for bank cards. There is no limit for cryptocurrencies |
| ⚖️ Leverage: | up to 1:100 (on futures) |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, futures on cryptocurrencies |
| 💹 Margin Call / Stop Out: | N/A |
👍 Advantages of trading with Cryptology:
- high level of protection against hacking, DDoS attacks, and other types of fraudulent activities;
- there is a “Deposit” product, which offers an interest rate on coins without a PoS algorithm. For example, the USDT stablecoin rate is 13-15% per annum;
- there is futures trading with leverage up to 1:100;
- visually convenient and functional trading platform;
- algorithmic futures trading is available. The platform has a built-in bot that opens transactions using a grid strategy.
👎 Disadvantages of Cryptology:
- relatively small selection of assets for exchange trading and staking;
- relatively high level of total commission;
- restrictions on withdrawals to bank cards.
Evaluation of the most influential parameters of Cryptology
Geographic Distribution of Cryptology Traders
Popularity in
44.3%
RU
53.7%
Others
User Satisfaction i
1 comments
Total score:
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shelleydm18
1 year ago
Expert Review of Cryptology
Cryptology is a relatively young exchange that appeared at the time of the general market decline in 2018. The fact that the platform not only managed to survive but also became a competitor to older exchanges, speaks in its favor. The daily trade turnover is equivalent to about 35-45 million USD. According to this and other parameters, the exchange is in the range of 60-70 in the CoinMarketCap rating with a score of 4.5 out of 10. The CoinGecko trust rating is 8 out of 10.
The number of coins available for trading is just over 40. You can buy them with BTC, USDT, USDC, USD, EUR, and RUB. There is a service for instant purchase of cryptocurrency through the internal wallet of the exchange or through bank cards. There are two types of investment - staking for PoS coins and deposits, and the rates exceed the bank interest.
The exchange confidently takes the position of a “second tier” company. With a relatively small selection of tools and functionality, it retains manufacturability and speed, and at the same time remains a simple and understandable platform for beginners.
Dynamics of Cryptology’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Crypto Exchange
Cryptology investment programs are represented by two products, deposits and staking. Both products have a percentage reward — a rate for blocking a cryptocurrency on a deposit. The amount of the rate depends on the type of cryptocurrency and the investment period. The Deposit product contains 8 cryptocurrencies with an investment period of 30, 60, and 90 days (for BTC, ETH, and FTRB the maximum period is up to 365 days). Profitability is from 7% to 15% (according to FTRB, and the yield is up to 150%; INF is up to 99%). Income is generated by the fact that the user provides the exchange with liquidity that provides the exchange with commission income.
Staking | The concept and mechanism of investment
Staking is the blocking of a cryptocurrency for a fixed period to ensure the network’s performance (confirmation of blocks and transactions). It is allowed only for coins with the PoS consensus algorithm. The model works like this:
the user registers with Cryptology and passes verification;
the user funds the wallet in a convenient currency that can be converted into staking coins;
under the Earn menu, the user selects a coin and presses the “Invest” button.
So far, only 4 coins are available for staking — DOT, SOL, MATIC, and TRON. The blocking period of a coin in staking is 30 days, the yield is from 5% to 12% per annum. In the future, it is planned to expand the offer of cryptocurrencies for staking. In case of early withdrawal of coins, interest is not charged.
Important!
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 the deal and all the steps from signing up to withdrawal of profits.
Cryptology’s affiliate program:
The marketing policy of the exchange does not provide for referral programs. But there is a proposal for programmers: the exchange pays a reward for finding vulnerabilities in the code.
Trading Conditions for Cryptology Users
Cryptology offers more than 30 cryptocurrencies (BTC, ETH, and others) for trading and more than 10 cryptocurrencies for passive investment. Leverage is provided for futures trading only.
$25
Minimum
deposit
1:100
Leverage
24/7
Support
| 💻 Trading platform: | Proprietary platform |
|---|---|
| 📊 Accounts: | Exchange account |
| 💰 Account currency: | USD, EUR, RUB, and cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Bank card, credit cards, P2P cryptocurrency exchange, third-party services |
| 🚀 Minimum deposit: | 25 EUR/USD for bank cards. There is no limit for cryptocurrencies |
| ⚖️ Leverage: | up to 1:100 (on futures) |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 25 EUR/USD for bank cards. There is no limit for cryptocurrencies |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, futures on cryptocurrencies |
| 💹 Margin Call / Stop Out: | N/A |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | N/A |
| ⭐ Trading features: | There are investment programs such as deposits and staking |
| 🎁 Contests and bonuses: | Yes |
Broker comparison table of trading instruments
| Cryptology | Bybit | MEXC | Binance | Lbank | Poloniex | |
| Forex | No | No | No | Yes | No | No |
| Metalls | No | No | No | No | No | No |
| Crypto | Yes | Yes | Yes | Yes | Yes | Yes |
| CFD | No | No | No | No | No | No |
| Indexes | No | No | No | No | No | No |
| Stock | No | No | No | No | No | No |
| ETF | No | No | No | No | Yes | No |
| Options | No | No | No | No | No | No |
Cryptology Commissions & Fees
Information
The experts at the Traders Union analyzed the trading conditions of the Cryptology exchange and the tariff policy. The exchange has a single commission for takers and makers, which is 0.2% of the transaction amount for spot trading. When trading futures, the commission for makers is 0.025%, and for takers, it’s 0.05%. Depositing with cryptocurrencies is free, the withdrawal fee depends on the chosen cryptocurrency. Depositing and withdrawing fiat money depends on the type of payment system, the commission for funding is 3.65% on average. A SEPA withdrawal is 7 EUR.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 0.2% trading commission excluding deposit and withdrawal costs | Yes |
The Traders Union made a comparative analysis of the commissions of the main competitors of Cryptology and prepared the below table.
| Broker | Average commission | Level |
| Cryptology | $0.2 | Low |
| Binance | $6 | Medium |
| Bybit | $20 | High |
Contacts
| Foundation date | 2018 |
| Registration address | Roosikrantsi tn 2-648K, Tallinn 10119, Estonia |
| Official site | https://cryptology.com |
| Contacts |
Email:
support@cryptology.com,
|
Read also about other cryptocurrency exchanges:
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FAQs
Do reviews by traders influence the Cryptology rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Cryptology you need to go to the broker's profile.
How to leave a review about Cryptology on the Traders Union website?
To leave a review about Cryptology, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Cryptology on a non-Traders Union client?
Anyone can leave feedback about Cryptology on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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