Learn more about TU’s methodology
- Any amount
- API
- Spot cryptocurrency trading is not supported
Our Evaluation of Trade8
Learn more about TU’s methodology
Trade8 is a high-risk cryptocurrency exchange with the TU Overall Score of 2.62 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Trade8 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.
Trade8 is a cryptocurrency exchange known for transparent pricing and risk control through isolated margin trading. Competition among market makers helps deliver favorable quotes, making the platform appealing to both beginner and experienced traders. However, the limited selection of cryptocurrencies and absence of spot trading may be disadvantages for some users.
How we tested Trade8
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at Trade8
Trade8 was established in 2015 and now serves a community of over 100,000 traders who use the platform to trade perpetual contracts. All pricing is sourced from verified market makers competing to offer the best available rates. Cryptocurrency quotes are aggregated from Binance, Coinbase Pro, and Bitstamp to ensure accuracy and reliability.
The platform exclusively offers perpetual contracts, with asset availability varying based on the user’s region. Trade8 does not provide services to residents of the United States, Canada, Australia, Switzerland, Singapore, and several other jurisdictions. While residents of the European Union may trade cryptocurrencies without restriction, access to perpetual contracts on other asset classes is limited to professionally qualified traders.
Trade8 is registered in the British Virgin Islands, with its core project team based in Singapore.
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- The platform openly publishes price sources and spread calculations, eliminating conflicts of interest.
- Each position has its own margin and liquidation price, reducing risk for traders.
- Major market makers compete to offer the best prices, improving trading conditions.
- Opportunity to earn lifelong commissions by referring new users through referral links.
- Not all popular cryptocurrencies are available for trading.
- Staking is not currently offered.
TU Expert Verdict
Chief Analytics Officer
Trade8 is a cryptocurrency exchange that provides access to trading 20 coins exclusively through perpetual contracts, with all pricing transparently sourced from major market makers. The platform operates using API-based trading, supports both demo and real accounts, and enforces strict risk control through isolated margin for each position. Traders benefit from competitive fees, as perpetual contract maker and taker fees are set at 0%, and deposits can be made in any amount using Bitcoin. Client quotes are aggregated from leading exchanges such as Binance and Coinbase Pro, and mobile trading is supported.
However, a notable drawback is that Trade8 is registered in the British Virgin Islands and is not regulated by any government authority, which results in a low score for regulatory safety and minimal investor protections. Additional disadvantages include a limited selection of tradable assets, only 20 supported coins, the absence of spot trading and staking, no fiat support, and funding or withdrawals exclusively via Bitcoin. Trade8 may not be suitable for traders who prioritize asset variety, regulated environments, or diverse funding methods.
Trade8 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: | API |
|---|---|
| 📊 Accounts: | Demo, Real |
| 💰 Account currency: | BTC |
| 💵 Deposit / Withdrawal: | BTC deposits and withdrawals only |
| 🚀 Minimum deposit: | Any amount |
| ⚖️ Leverage: | Up to 1:100 |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | 0.001 BTC |
| 💱 Commission: | No |
| 🔧 Instruments: | 20 supported coins, Perpetual contracts. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market, Pending (Limit, Stop) |
| ⭐ Trading features: | Spot cryptocurrency trading is not supported |
| 🎁 Contests and bonuses: | No |
Traders can open an unlimited number of orders and keep them open overnight and on weekends, though there are restrictions on the maximum position size. The trading platform supports Stop Loss and Take Profit options. Partial position closure (Split option) is available. High-frequency arbitrage and trading from multiple accounts are prohibited.
Trade8 Key Parameters Evaluation
Regulation and Safety
Trade8 received a score of 3.25/10, indicating a low level of security and regulatory compliance. This suggests that the platform may lack essential protections, and users should exercise extreme caution.
- 2FA
- No successful hacks history
- No investor protection fund
- No facial recognition
Trade8 Security Factors
We also compared Trade8 against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Trade8 | Kraken | OKX | |
| Tier-1 regulation | No | Yes | No |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | No | No | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | No | Yes |
| Cold wallet storage | No | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is Trade8 a regulated crypto exchange?
Trade8 is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean Trade8 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 Trade8?
Yes, KYC verification is mandatory at Trade8. You will need to complete the verification process before you can open an account and access the platform's full range of services.
Is Trade8 available in the USA?
Yes, Trade8 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.
Trade8 commissions and fees
Trade8 has earned a rating of 8.75/10 for its trading fees. This makes it a highly attractive choice for active traders seeking to reduce costs, as Trade8 is a platform with minimal crypto trading costs.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are Trade8 trading fees?
We analyzed Trade8’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.
Trade8 trading fees vs competitors
| Trade8 | Nexus Trade | CoinMetro | Industry average | |
| Spot, maker fee (%) | Not supported | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | Not supported | 0.22 | 0.2 | 0.194 |
| Futures, maker fee(%) | 0 | 0 | 0 | 0.024 |
| Futures, taker fee(%) | 0 | 0 | 0.053 |
What are Trade8 deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0.001 BTC |
Does Trade8 offer P2P trading?
No, Trade8 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
Trade8 received a 2.5/10 rating for its deposit and withdrawal services. Trade8 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 P2P transfer option
- Withdrawal fee applies
Deposit and withdrawal options
Trade8 supports the following deposit and withdrawal options: Crypto.
Trade8 Deposit and withdrawal options vs competitors
What is Trade8 minimum deposit?
The minimum deposit at Trade8 is 0 USD/USDT or 0 BTC. The minimum trade size is 0 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Trade8 minimum deposit vs competitors
| Trade8 | Kraken | OKX | |
| Minimum deposit, USD or USDT | 0 | 10 | 10 |
| Minimum deposit, BTC | 0 | 1 | 5 |
| Minimum trade amount, USD/USDT | 0 | 1 | 1 |
Does Trade8 support fiat money?
Trade8 does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
Trade8 received a score of 2.5/10 in this category, indicating a modest offering of assets and markets. While Trade8 covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Crypto futures available
- Other supported products
- Copy trading not available
- Yield farming not available
Trade8 supported coins and markets vs competitors
We compared Trade8 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.
| Trade8 | Kraken | OKX | |
| Supported coins | 20 | 278 | 329 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | No | Yes |
| NFTs | No | Yes | Yes |
Trade8 passive income options vs competitors
We also compared Trade8 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.trade8.to/ |
|---|
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