Is LATOKEN 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 LATOKEN is a good crypto exchange to start trading with. In this article you will learn whether LATOKEN is good for beginners, what its pros and cons are and what a novice trader needs to know.
Short summary about the broker LATOKEN
The LATOKEN cryptocurrency exchange is a universal platform for exchanging, buying, and selling cryptocurrencies and tokens. Bitcoin, Ethereum, Litecoin, Tether, TRX, EOS, LA, and dozens of other assets are traded on the exchange. There is no fiat trading on this platform. There is margin swap trading on crypto-crypto pairs, as well as trading on leveraged perpetual contracts. The exchange has a referral program with bonus payments, there is the possibility of passive earnings through staking deposits in DeFi coins, and investing in developing blockchain projects. LATOKEN gives you a free listing and the possibility to arrange investments for your own project. Trading commissions are below the market average at 0.49% for a taker/maker at the first level with a minimum trading volume.
| 💰 Account currency: | Cryptocurrencies |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:2 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
LATOKEN Pros and Cons
👍 Advantages of trading with LATOKEN:
•on the exchange, you can trade Bitcoin, dozens of altcoins, and the most popular tokens;
•after registration, each user receives a welcome bonus in tokens;
•advantageous referral program for which you and your referral receive $50 each;
•functional proprietary mobile application developed for iOS and Android gadgets;
•comfortable and favorable conditions for investment programs such as staking, deposits in DeFi and large blockchain projects;
•the opportunity to introduce your own coin to the platform and offer your project for investment;
•99.5% of assets are cold stored;
•Security: 2FA authentication, TLS encryption, and DDOS protection.
👎 Disadvantages of LATOKEN:
•no demo accounts or tutorials for novice crypto traders;
•communication with the technical support of the platform is available only by email and through tickets;
•fiats are not traded on the LATOKEN cryptocurrency exchange because the platform has only cryptocurrencies and tokens.
What is a Good Crypto Exchange for Beginners?
In order to choose the right broker for a beginner, you need to consider several aspects.
Here are the main ones:
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Education. It is important for novice crypto traders to learn how to trade. An exchange can offer educational courses, video tutorials, articles, webinars, etc. The more learning opportunities there are the better.
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Availability of a demo account. You will need this account to practice. It provides an opportunity for a beginner to trade risk free and try out trading strategies.
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Availability of a simple method to buy cryptocurrencies. An exchange service or a P2P exchange would be an advantage for an exchange.
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Low fees. The level of income of the trader depends on the level of the fees. Therefore, it is important to choose a company that charges minimum fees. Crypto exchanges mostly use the Maker and Taker fee model. It is important that you study them.
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Instruments for passive investing. In addition to active trading, passive income is also important for beginners. Pay attention to availability of copy trading or staking.
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Trading platform. It is important for a novice trader to choose the simplest trading platform that will be easy-to-use for trading.
In addition to these factors, you also need to consider how customer support operates, as it will also be important. Bonuses for beginners are also a nice perk.
Trading Conditions for LATOKEN Users
Before you start working with an exchange, it is important that you evaluate its trading conditions. LATOKEN offers traders the following conditions.
| 💻 Trading platform: | TradingView for browsers; mobile apps; proprietary crowdfunding platform |
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:2 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | from 0 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | N/A |
| ⭐ Trading features: | Many cryptocurrencies, no fiats, low commissions, several investment options, a profitable referral program, proprietary crowdfunding platform |
| 🎁 Contests and bonuses: | N/A |
Commissions and Fees
The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of LATOKEN commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.
The LATOKEN cryptocurrency exchange charges commission fees for all trading operations. For margin trading, the amount of the fee depends on the user’s trading level. It is determined by the volume of trades over the last 30 days. There are nine trading levels in total. The commission at the lowest level (first level) that involved trades up to USD 10,000 in the previous 30 days) is 0.49% for a taker/maker. The commission at the highest level (the ninth level) that involved trading over 20 million US dollars in the previous 30 days is 0% for the maker and 0.04% for the taker.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | up to 0.49% per order | Yes |
Investment programs of LATOKEN
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. LATOKEN offers the following passive income options.
Investment Programs, Available Markets, and Products of the Crypto Exchange
The LATOKEN cryptocurrency exchange provides three types of investment programs: staking, deposits in DeFi coins, and crowdfunding projects. For an investor, participation in them is technically identical. You have to go to the appropriate section of the site or terminal (for example, Staking), where all relevant programs will be placed. Then choose the best one for yourself and make a deposit. It's as simple as that!
Programs differ in the type of asset, the size of the minimum deposit, duration, and interest rate. The deposit is frozen for the duration of the program. After the specified period (for example, 30 days), the deposit plus accrued interests are returned to the user.
When investing in large blockchain projects, the minimum deposits are increased, as are the interest rates (compared to regular staking). Unlike LATOKEN’s competitors, such deposits have a reduced risk, since we are talking about projects that are developing in the crypto exchange’s proprietary crowdfunding business incubator.
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.
LATOKEN’s affiliate program
Cryptocurrency exchange LATOKEN offers a simple and profitable referral program. After registration and verification (identity confirmation), each user can invite other traders to the platform using a personal referral link. This link is available in your personal account.
Any user who registers with the platform using your referral link and undergoes identity verification will bring you a one-time bonus of $50. Your partner will also receive a like bonus. Bonus funds cannot be traded or used for investment, but they can be used to reduce trading fees. For each operation, you can pay up to 25% of the commission from the pool of referral bonuses.
The number of partners within the referral program is not limited.
Conclusion. Is LATOKEN good for beginners?
The LATOKEN 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, LATOKEN could be considered as a good cryptocurrency exchange for a start.
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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.
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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.