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
- Web platform
- Mobile Apps
- Lower fees for native token holders
Our Evaluation of PointPay
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
PointPay is a moderate-risk cryptocurrency exchange with the TU Overall Score of 5.87 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by PointPay clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
PointPay is a user-friendly platform that offers a wide range of assets and tools for both novice and experienced cryptocurrency traders. With a strong focus on security, PointPay provides a safe and reliable environment for trading and investing.
Brief Look at PointPay
PointPay is a leading cryptocurrency exchange that has been operating since 2018. With mobile apps launched in 2020, the platform has garnered over 1 million active clients. Committed to providing a high level of security, PointPay leverages blockchain technology across its entire suite of services, including trading, currency exchange, and a robust cryptocurrency wallet.
To further enhance security, PointPay employs advanced measures such as unique payment passwords, two-factor authentication, and biometric verification. The platform strictly adheres to AML and KYC protocols to safeguard user funds. PointPay specializes in spot cryptocurrency trading, staking, and savings plans. PXP, the platform's native token, plays a crucial role in its ecosystem.
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- User-friendly interface suitable for both novice and experienced traders;
- Wide range of spot assets traded with low fees;
- Functional mobile apps;
- High-level security measures to protect user funds.
- No instruments for professional traders, such as leveraged futures;
- Direct deposits from bank cards are not supported.
TU Expert Advice
Author, Financial Expert at Traders Union
PointPay offers an array of cryptocurrency trading services using an intuitive web platform and mobile apps. Traders may engage in spot trading over 150 cryptocurrency pairs, benefit from the native PXP token for reduced fees, and utilize advanced trading tools with TradingView integration. Additional offerings include staking, savings accounts, and a referral program, providing opportunities for both active trading and passive income.
However, PointPay has some drawbacks, such as limitations in fiat payment methods, including the lack of direct bank card deposits. PointPay is generally suited for casual and novice traders due to its user-friendly interface and basic trading features. Professional traders seeking more advanced instruments and strategies may find the platform less accommodating.
PointPay 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 and mobile apps for iOS and Android |
|---|---|
| 📊 Accounts: | Personal (Spot, Earn, and Staking) and Business |
| 💰 Account currency: | Fiat and cryptocurrencies |
| 💵 Deposit / Withdrawal: | Cryptocurrencies, Mercuryo, and MoonPay |
| 🚀 Minimum deposit: | USDC 1 |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.001 |
| 💱 Commission: | Spot: 0,12%-0,12% |
| 🔧 Instruments: | 320 supported coins, Fiat, NFT. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market and limit |
| ⭐ Trading features: | Lower fees for native token holders |
| 🎁 Contests and bonuses: | Yes |
PointPay offers advanced trading tools, including TradingView charts, 50 built-in indicators, and 8 timeframes. Clients can trade over 150 cryptocurrencies paired with USDT, USDC, BTC, and ETH, using market, limit, stop limit, and OCO orders.
PointPay Key Parameters Evaluation
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Regulation and safety
With a 5.75/10 score, PointPay 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.
- No successful hacks history
- Cold wallet storage
- Investor protection fund
- 2FA
- Not U.S regulated
- No facial recognition
- Not tier-1 regulated
- Not government-regulated
PointPay Security Factors
We also compared PointPay against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| PointPay | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | Yes | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is PointPay a regulated crypto exchange?
PointPay is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean PointPay 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 PointPay?
Yes, KYC verification is mandatory at PointPay. 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 PointPay available?
PointPay complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Iran, Islamic republic, Venezuela, Iraq, Lebanon, Libyan Arab Jamahiriya, Syrian Arab Republic, Yemen, 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 PointPay support.
Is PointPay available in the USA?
PointPay is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: OKX, Kraken, Crypto.com .
PointPay commissions and fees
PointPay received a 7/10 score for its trading fees. While PointPay 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 PointPay trading fees?
We analyzed PointPay’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.
PointPay trading fees vs competitors
| PointPay | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,12 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,12 | 0,22 | 0 | 0.194 |
What are PointPay deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0006 BTC 0,00444 ETH |
Does PointPay offer P2P trading?
No, PointPay 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
PointPay received a 4.5/10 rating for its deposit and withdrawal services. PointPay offers limited funding options and may charge fees, which could be inconvenient for many users.
- Many cryptocurrencies for deposits and withdrawals
- Google Pay supported
- No deposit fees
- Withdrawal fee applies
- No P2P transfer option
- Bank transfers not available
Deposit and withdrawal options
PointPay supports the following deposit and withdrawal options: Crypto, Google Pay, Apple Pay.
PointPay Deposit and withdrawal options vs competitors
| PointPay | OKX | Kraken | |
| Bank transfers | No | No | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is PointPay minimum deposit?
The minimum deposit at PointPay 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.
PointPay minimum deposit vs competitors
| PointPay | 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 PointPay support fiat money?
PointPay supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
PointPay received a score of 5.5/10 in this category, reflecting a solid selection of tradable assets and markets. PointPay supports 320 cryptocurrencies and basic trading types, although some advanced features or asset diversity may be limited compared to leading exchanges.
- Staking available
- Fiat currencies supported
- NFTs available
- Crypto futures not available
- Copy trading not available
PointPay supported coins and markets vs competitors
We compared PointPay 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.
| PointPay | OKX | Kraken | |
| Supported coins | 320 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | Yes | Yes | Yes |
PointPay passive income options vs competitors
We also compared PointPay 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.
Trading apps & tools
PointPay received a score of 7.5/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- Advanced charting with TradingView support
- App data protection with 2FA
- Android app score 4,6
- Positive user feedback on the iOS app
- No Face ID
- Advanced orders not available
- No standalone desktop access
Trading apps
PointPay provides web and mobile apps for both Android and iOS users, with an average rating of iOS App Score on the App Store and Android App Score on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the PointPay platform is for mobile use.
| PointPay | Bybit | |
| 2FA | Yes | Yes |
| Face ID | No | Yes |
| Mob Indicators | Yes | Yes |
| Alerts | No | Yes |
| Advanced Orders | Yes | Yes |
| Trading with bots | No | Yes |
| API | Yes | Yes |
| Extra trading platforms | No | MT4 |
Does PointPay offer a desktop app?
No, PointPay does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does PointPay offer advanced charting with TradingView integration?
Yes, PointPay offers advanced charting through direct integration with TradingView. Users can access TradingView’s full suite of indicators, drawing tools, and multi-timeframe analysis directly on the platform.
Contacts
| Official site | https://exchange.pointpay.io/ |
|---|---|
| Contacts |
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