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 USDT
or $50,000
(for bank transfers)
- Web platform
- Mobile Apps
- Support for various strategies and investment tools, trading via browser and mobile applications apps
Our Evaluation of Amber Premium
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
Amber Premium is a moderate-risk cryptocurrency exchange with the TU Overall Score of 5.76 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Amber Premium 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.
Amber Premium is a versatile platform for active crypto trading and investments, offering staking, custodial solutions, and multi-asset support. It is suitable for addressing the needs of various trader groups – both retail and institutional clients.
Brief Look at Amber Premium
Amber Premium (WhaleFin) is the flagship product of Amber Group, a global fintech company founded in 2017 by former traders from Morgan Stanley, Bloomberg, and Goldman Sachs, specializing in digital assets. Amber Group operates under regulation and licensing in several jurisdictions, including the U.K., the Bahamas, and Singapore. Amber Premium offers retail and institutional clients access to spot, margin, and algorithmic trading, as well as investment products, including fixed-income options. For executing trades, traders and investors can use a web platform and mobile applications.
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- Aggregates liquidity from CeFi and DeFi exchanges for better real-time prices and provides deep liquidity even for less popular assets.
- Offers margin trading with collateral valuation based on a haircut system.
- Provides access to a wide range of digital assets and trading pairs.
- Supports API access for algorithmic and institutional trading, as well as browser and mobile platforms with an intuitive interface.
- Not available to users from certain countries.
- No demo account or structured educational materials for beginners.
TU Expert Advice
Author, Financial Expert at Traders Union
Amber Premium provides versatile services for crypto trading and investments, accommodating both retail and institutional clients. The platform supports a variety of trading options, including spot, margin, and algorithmic trading, accessible through web and mobile apps. It aggregates liquidity from CeFi and DeFi exchanges, offering deep liquidity for even lesser-known assets. With API support, it caters to algorithmic and institutional trading needs, along with a user-friendly interface across platforms.
However, Amber Premium does exhibit several drawbacks, such as limited availability in certain countries and the lack of educational resources or demo accounts for beginners. Furthermore, the absence of Tier-1 regulatory oversight may concern traders prioritizing high security. Consequently, Amber Premium may cater effectively to experienced traders seeking diverse asset access and trading tools but may not suit beginners or those prioritizing extensive educational support and top-tier regulatory assurance.
Amber Premium 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: | Mobile apps, web platform |
|---|---|
| 📊 Accounts: | Real (Non-VIP, VIP 1 — VIP 6) |
| 💰 Account currency: | USD, cryptocurrencies |
| 💵 Deposit / Withdrawal: | Cryptocurrencies, bank transfers |
| 🚀 Minimum deposit: | 1 USDT or $50,000 (for bank transfers) |
| ⚖️ Leverage: | Up to 1:3 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | Depends on the chosen pair |
| 💱 Commission: | Spot: 0,05%-0,05% |
| 🔧 Instruments: | 56 supported coins. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Limit, Market, Conditional |
| ⭐ Trading features: | Support for various strategies and investment tools, trading via browser and mobile applications apps |
| 🎁 Contests and bonuses: | No |
Amber Premium supports spot, swap, classic, margin, and algorithmic trading. This allows users the flexibility to choose the appropriate trading format depending on their strategy, experience level, and goals – from instant swaps to advanced leverage speculation and trades using automated algorithms. Various order types and execution strategies are available, including GTC (Good till Canceled), IOC (Immediate or Cancel), FOK (Fill or Kill).
Amber Premium Key Parameters Evaluation
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Regulation and safety
With a 5/10 score, Amber Premium 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
- U.S-regulated
- Facial recognition
- Government-regulated
- 2FA
- No investor protection fund
- Cold wallet storage is not mandatory
- Not tier-1 regulated
Amber Premium Security Factors
We also compared Amber Premium against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Amber Premium | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | Yes | Yes | No |
| Cold wallet storage | - | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is Amber Premium a regulated crypto exchange?
Amber Premium is regulated by a government authority, ensuring compliance with national and international standards. However, it does not hold Tier-1 regulation (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or other jurisdictions with strict financial oversight). While this regulation provides an added layer of security and legitimacy, it may not offer the highest level of investor protection found in top-tier regulatory environments.
Amber Premium is authorized or licensed in accordance with local regulations in the following regions: U.S, FCA U.K, Singapore, Australia, Switzerland, Hong Kong.
Is verification (KYC) mandatory at Amber Premium?
Yes, KYC verification is mandatory at Amber Premium. 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 Amber Premium available?
Amber Premium complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Ukraine. For the most up-to-date information on regional availability, please contact Amber Premium support.
Is Amber Premium available in the USA?
Amber Premium 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 .
Amber Premium commissions and fees
Amber Premium received a 7.75/10 score for its trading fees. While Amber Premium 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 Amber Premium trading fees?
We analyzed Amber Premium’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.
Amber Premium trading fees vs competitors
| Amber Premium (WhaleFin) | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,05 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,05 | 0,22 | 0 | 0.194 |
What are Amber Premium deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | Network fees apply |
Does Amber Premium offer P2P trading?
No, Amber Premium 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
Amber Premium received a 4/10 rating for its deposit and withdrawal services. Amber Premium offers limited funding options and may charge fees, which could be inconvenient for many users.
- Bank transfers for deposits and withdrawals
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- Withdrawal fee applies
- No Google Pay option
- No P2P transfer option
Deposit and withdrawal options
Amber Premium supports the following deposit and withdrawal options: Bank Wire, Crypto.
Amber Premium Deposit and withdrawal options vs competitors
| Amber Premium | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is Amber Premium minimum deposit?
The minimum deposit at Amber Premium is 50000 USD/USDT or 0,00001 BTC. The minimum trade size is 100 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Amber Premium minimum deposit vs competitors
| Amber Premium | OKX | Kraken | |
| Minimum deposit, USD or USDT | 50000 | 10 | 10 |
| Minimum deposit, BTC | 0,00001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 100 | 0,00001 | 1 |
Does Amber Premium support fiat money?
Amber Premium does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
Amber Premium received a score of 2/10 in this category, indicating a modest offering of assets and markets. While Amber Premium covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Staking available
- Other supported products
- NTFs not available
- Crypto futures not available
Amber Premium supported coins and markets vs competitors
We compared Amber Premium 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.
| Amber Premium (WhaleFin) | OKX | Kraken | |
| Supported coins | 56 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
Amber Premium passive income options vs competitors
We also compared Amber Premium 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.
| Amber Premium (WhaleFin) | OKX | Kraken | |
| Staking | Yes | Yes | Yes |
| Yield farming | No | Yes | Yes |
| Copy trading | No | Yes | Yes |
Trading apps & tools
Amber Premium received a score of 6.2/10 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 tools and automation with API
- App data protection with 2FA
- Mobile indicators allowed
- Positive user feedback on the iOS app
- Android App score below 4 points
- Advanced orders not available
- No trading bots for traders
Trading apps
Amber Premium provides web and mobile apps for both Android and iOS users, with an average rating of 4,5 on the App Store and 3,4 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 Amber Premium platform is for mobile use.
| Amber Premium (WhaleFin) | Bybit | |
| 2FA | Yes | Yes |
| Face ID | Yes | Yes |
| Mob Indicators | Yes | Yes |
| Alerts | No | Yes |
| Advanced Orders | No | Yes |
| Trading with bots | No | Yes |
| API | Yes | Yes |
| Extra trading platforms | No | MT4 |
Does Amber Premium offer a desktop app?
No, Amber Premium 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 Amber Premium offer advanced charting with TradingView integration?
No, Amber Premium does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Official site | https://www.ambr.io/global |
|---|
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