deposit:
- $1
Trading platform:
- Mobile Apps
- Proprietary platform
GokuMarket Review 2024
deposit:
- $1
Trading platform:
- Mobile Apps
- Proprietary platform
- Trading fees vary
Summary of GokuMarket Crypto Exchange
GokuMarket is a high-risk cryptocurrency exchange with the TU Overall Score of 1.64 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by GokuMarket 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. GokuMarket ranks 184 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
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:
GokuMarket is a cryptocurrency exchange registered in Hong Kong in 2019. The exchange offers a convenient web platform and mobile apps to buy, sell and trade 75 cryptocurrencies. Due to the launch of AI Bot, the GokuMarket crypto exchange faced some financial issues. Prior to that, over 1 million users across the globe used its services. To protect clients’ funds, the management of the exchange entered into a partnership with ByteX. By the end of 2022, GokuMarket will become a part of this international licensed exchange headquartered in Canada.
💰 Account currency: | Fiat money and cryptocurrencies |
---|---|
🚀 Minimum deposit: | $1 |
⚖️ Leverage: | Up to 1:3 (Coming Soon) |
💱 Spread: | 0.09%-0.15% |
🔧 Instruments: | Cryptocurrencies |
💹 Margin Call / Stop Out: | No |
Evaluation of the most influential parameters of GokuMarket
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Expert Review of GokuMarket
GokuMarket is an exchange for active cryptocurrency traders and passive investors interested in earning profit without actually trading. The functional mobile apps and web platform offers the instant buy & sell option for 17 cryptocurrencies with other digital coins or one of 8 fiat money.
The trading platforms also offer the Convert feature, an interface for converting cryptocurrencies. There are 17 coins that can be converted into other digital assets or euros. The fees for instant buy, sell and conversion of currencies are identical. The funds can be deposited and withdrawn using debit/credit cards or cryptocurrencies. Also MoonPay and Mercuryo can be used to buy and sell assets. These are third-party payment systems that charge additional transaction fees.
The LaunchPad portal allows users to work with the initial exchange offerings (IEO). There is the Advanced menu for spot trading, featuring over 50 indicators, TradingView charts, 13 time frames and drawing tools. At the moment, GokuMarket users can only set Limit orders. The exchange has promised to add Market orders and margin trading in the near future.
Dynamics of GokuMarket’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Crypto Exchange
You don’t have to trade on your own to earn money on GokuMarket. The exchange offers solutions for investors interested in passive income. There are algorithmic trading and staking options. GokuMarket also offers affiliate programs for different categories of clients.
Staking and AutoBots — passive income instruments
Traders can hold certain tokens in their wallet on the GokuMarket exchange and earn a percentage yield after a fixed period of time. A total of 13 cryptocurrencies are available for staking, including the governance token GMC. The minimum investment amount for GMC is $20, for other cryptocurrencies - $100. The available staking periods are 1-12 months, but the longer an investor holds the coins, the higher the percentage yield.
Variable APY on some assets:
XRP — 1%-3%;
USDT — 7%-9%;
GMC — 11%-13%;
TROY — 8%-15%;
MTC — 14%-16%.
The exchange also offers a wide choice of ready-made bots for algorithmic trading. Once a trader pays for a subscription, the trades are performed in accordance with the chosen strategy. The minimum subscription fee is $180 for 90 days. You get a 25% discount if you subscribe for 180 days, a 39% discount – for 270 days, and 50% if you subscribe for 12 months.
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.
GokuMarket’s affiliate program
Retail traders can earn passive income on the affiliate program. For each verified referral who passed KYC, a partner receives a reward of 10 GMC. If a connected trader trades cryptocurrencies and shops online, the partner gets 55% of the referral’s fees.
GokuMarket also offers a marketing partnership and business solutions for companies: Local Ambassador program and Business Unit program.
Trading Conditions for GokuMarket Users
There is no minimum deposit requirement for the majority of cryptocurrencies on the GokuMarket exchange. The exceptions include the following: 30 DAI, 40 000 PCPI, 1 TRX, 30 TUSD, 30 USDC, and 30 USDP. For Tether, the minimum deposit depends on the protocol: 0 USDT for TRC 20, 1 USDT for Binance Smart Chain — 1 USDT, and 30 USDT for ERC 20.
$1
Minimum
deposit
1:3
Leverage
24/7
Support
💻 Trading platform: | Proprietary platform, mobile apps |
---|---|
📊 Accounts: | Standard |
💰 Account currency: | Fiat money and cryptocurrencies |
💵 Replenishment / Withdrawal: | Visa/Mastercard cards, cryptocurrencies, Mercuryo, MoonPay |
🚀 Minimum deposit: | $1 |
⚖️ Leverage: | Up to 1:3 (Coming Soon) |
💼 PAMM-accounts: | No |
📈️ Min Order: | No |
💱 Spread: | 0.09%-0.15% |
🔧 Instruments: | Cryptocurrencies |
💹 Margin Call / Stop Out: | No |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Orders execution: | Limit (VTC, IOC, POST), Market (Coming Soon) |
⭐ Trading features: | Trading fees vary |
🎁 Contests and bonuses: | Promo codes, cash back for online purchases through GokuMarket user account |
Broker comparison table of trading instruments
GokuMarket | Bybit | OKX | XT.com | Binance | CoinEx | |
Forex | No | No | No | No | Yes | 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 | No | No |
Options | No | No | No | No | No | No |
GokuMarket Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
Standard | From $1.2 for a $1,000 trade | Yes |
The table below shows a comparison of Gokumarket fees with the fees of popular crypto exchanges. It shows which exchange offers the best trading conditions to traders.
Broker | Average commission | Level |
GokuMarket | $1.2 | Low |
Binance | $6 | Medium |
Bybit | $20 | High |
Contacts
Foundation date | 2019 |
Registration address | Sheung Wan, Hong Kong |
Contacts |
Email:
support@gokumarket.com,
|
Read also about other cryptocurrency exchanges:
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FAQs
Do reviews by traders influence the GokuMarket rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about GokuMarket you need to go to the broker's profile.
How to leave a review about GokuMarket on the Traders Union website?
To leave a review about GokuMarket, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about GokuMarket on a non-Traders Union client?
Anyone can leave feedback about GokuMarket on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.