According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary web platform
- Integration with the Solana ecosystem
Our Evaluation of Orca
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Orca is a high-risk cryptocurrency exchange with the TU Overall Score of 2.41 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Orca 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.
Orca is a reliable and user-friendly platform for trading on the Solana blockchain. Its strong security measures, low fees, and intuitive interface make it a popular choice for both traders and investors.
Brief Look at Orca
Orca, launched in 2021, is a decentralized exchange (DEX) on the Solana blockchain, offering quick and convenient token swap options. With its intuitive interface, Orca caters to both novice and experienced traders. The platform aggregates liquidity from various providers, ensuring best conversion rates within the Solana ecosystem. The platform’s native token is ORCA.
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- Simple and fast order execution, which is especially important in the volatile cryptocurrency market;
- High security level and transaction transparency, ensured by advanced technologies and decentralized architecture;
- Integration with popular Solana decentralized apps (DApps) and market makers provides access to extensive liquidity and diverse trading pairs;
- Competitive fixed fees.
- Non-regulated activities;
- Basic set of trading instruments may not suit experienced traders.
TU Expert Advice
Author, Financial Expert at Traders Union
Orca is a cryptocurrency trading platform operating within the Solana blockchain, offering token swaps and yield farming. The platform's proprietary web interface supports 965 cryptocurrencies and has a competitive fee structure, featuring no deposit or withdrawal fees and a fixed spot trading fee. Orca's design integrates with Solana DApps, facilitating enhanced liquidity and varied trading pairs. Users can also benefit from passive income opportunities through yield farming.
However, Orca is not government-regulated, which may raise concerns regarding security for some users. It primarily supports cryptocurrencies without fiat options and lacks advanced trading features such as leverage and futures trading. Consequently, Orca may not be suitable for experienced traders seeking extensive tools but could suit those focused on simpler trading activities.
Orca 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: | Proprietary web platform |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | SOL and other cryptos |
| 💵 Deposit / Withdrawal: | Crypto wallets |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 Commission: | Spot: 0,3%-0,3% |
| 🔧 Instruments: | 965 supported coins, NFT. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Using a mobile web browser |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Limit |
| ⭐ Trading features: | Integration with the Solana ecosystem |
| 🎁 Contests and bonuses: | No |
Orca is designed for active trading and passive income. Its trading platform is available on any device, including smartphones. However, as of this review, there are no mobile apps.
Orca Key Parameters Evaluation
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Regulation and safety
With a 5.25/10 score, Orca demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- Cold wallet storage
- No successful hacks history
- 2FA
- Not U.S regulated
- Not tier-1 regulated
- No investor protection fund
- Not government-regulated
Orca Security Factors
We also compared Orca against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Orca | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is Orca a regulated crypto exchange?
Orca is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean Orca 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 Orca?
Yes, KYC verification is mandatory at Orca. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is Orca available?
Orca complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Spain, United Kingdom, Australia, Canada, Philippines, Israel, Cyprus, Sweden, Latvia, Romania, Portugal, Switzerland, Netherlands, Singapore, France, Italy, Poland, Belgium, Norway, Czech Republic, Japan, Finland, Bulgaria, Korea, Estonia, Austria, Denmark, Germany, Lithuania, Ireland, Slovakia, Hungary, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact Orca support.
Is Orca available in the USA?
Yes, Orca 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.
Orca commissions and fees
Orca received a 5.95/10 score for its trading fees. While Orca is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- No deposit fee
- No Withdrawal fee
- Spot fee above industry average
- P2P fee applied
What are Orca trading fees?
We analyzed Orca’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.
Orca trading fees vs competitors
| Orca | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,3 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,3 | 0,22 | 0 | 0.194 |
What are Orca deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0 |
Does Orca offer P2P trading?
No, Orca 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
Orca received a 2.5/10 rating for its deposit and withdrawal services. Orca offers limited funding options and may charge fees, which could be inconvenient for many users.
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- No withdrawal fee
- No support for bank card payments
- No Google Pay option
- Bank transfers not available
Deposit and withdrawal options
Orca supports the following deposit and withdrawal options: Crypto.
Orca Deposit and withdrawal options vs competitors
What is Orca minimum deposit?
The minimum deposit at Orca is 1 USD/USDT or 0 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Orca minimum deposit vs competitors
| Orca | OKX | Kraken | |
| Minimum deposit, USD or USDT | 1 | 10 | 10 |
| Minimum deposit, BTC | 0 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does Orca support fiat money?
Orca does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
Orca received a score of 5/10 in this category, reflecting a solid selection of tradable assets and markets. Orca supports 965 cryptocurrencies and basic trading types, although some advanced features or asset diversity may be limited compared to leading exchanges.
- Yield farming available
- 965 supported coins
- Staking available
- Copy trading not available
- Crypto futures not available
Orca supported coins and markets vs competitors
We compared Orca 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.
| Orca | OKX | Kraken | |
| Supported coins | 965 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | Yes | Yes | Yes |
Orca passive income options vs competitors
We also compared Orca 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://www.orca.so/ |
|---|
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