Cryptology is among the top digital currency exchanges (DCEs) that see simplicity as the highest value. The service is convenient for both novice and expert traders because it is devised for intuitiveness. It comes with appealing features, making it one of the best apps to buy crypto. The site, which is operated by a corporation registered in the Republic of Seychelles, is accessible to customers from nearly all geographical regions with the exception of Japan and the United States.
More than offering the staple crypto exchange and trading services, its “Cryptology Earn” function allows users to make passive earnings from digital assets.
Platform
This user-friendly platform is accessible in both app and browser versions (in the browser, go to https://cryptology.com/). To begin trading, users can visit the platform from any device with a browser or check out the amazing app on their phones (Android and iOS). The platform is offered in 12 distinct languages so that consumers from many countries can access it, including English, Russian, French, Spanish, Korean, Chinese, Japanese, German, Hindi, Portuguese, Polish, and Bulgarian.
Accounts
It is simple to register at this exchange. Users must first register by giving info regarding email address, country of residence, and choosing a password for their account, which will be followed by a KYC procedure. The platform has two layers of verification. The first only requires users to meet basic KYC standards, which include submitting personal information such as first and last name, proof of identification, along with a picture of the user holding their identity. Users who meet the KYC criteria will be allowed to trade up to $10000 on their accounts.
Users looking to go beyond the regular limitations must go through the second stage of verification, which involves presenting proof of residency documents that contain their name, address, and the issuer. A utility bill, bank statement, and/or a government-issued document must be used to prove your residence address.
After all of these procedures have been completed, users will be able to begin using all of the services provided by the platform.
Cryptology Features
Buy Crypto
Buying Crypto for the first time is possible if users can pay in USD, EUR, or RUB. On the crypto side, the site currently offers access to BTC, ETH, LTC, USDT, XLM, XRP, and ZEC. However, the site’s crypto assets are always getting expanded, so more currencies shall be implemented soon as the site keeps growing. Moreover, the site allows quick conversion between BTC and USDT.
Cryptology Exchange
On a personalized trading interface, the exchange provides a broad selection of crypto trading pairings. The app includes market charts and analytical tools. By using limit, stop-limit, and market orders, users may trade prominent cryptocurrencies against fiat and stable coins.
Trading pairs currently available are:
BTC, ETH, XRP, DYDX, XLM, BCH, LTC, ZEC, USDT, DAI, USDC, TRX, BAT, KVI, PSC, 1INCH, EURS, EUR, USD, RUB, and more.
Crypto Futures
Right now, one of the most developing markets is BTC Futures.
Users can use the Futures Market to conduct everlasting transactions with leverage of up to 100X. Users can choose between cross-margin and isolated margin positions while trading futures. All deals made on futures trading platforms are safeguarded mechanisms that mitigate risks to reduce the danger of default in high volatility conditions. To protect the interests of all stakeholders, this DCE has established a specialized insurance fund as well as auto-deleveraging mechanisms.
A futures contract is an agreement between investors that obliges a trader to buy or sell an asset in a specific period, for a certain amount, and at a certain price.
Bitcoin futures contracts allow for arbitrage opportunities because they will not be in the investor’s possession until the expiration date. Instead, they are traded like any other type of asset because, just as the value of bitcoin varies, the value of different bitcoin futures contracts also varies.
There are three ways to close a futures contract position:
– offsetting: an investor creates another futures contract of equal value and size, resetting its obligations as they balance it out;
– rolling over: as if it were the offset of a position, but with a longer expiry date;
– expiry: when a contract reaches its end date and the parties that are in the contract buy or sell at the agreed price.
Cryptology Earn
Cryptology Earn, the platform’s one-of-a-kind main function, allows users to generate a source of passive income while hoarding their crypto holdings. Users may transfer their BTC, USDT, USDC, DAI, and EURS assets and receive up to 15% yearly returns, which is greater than traditional banks in the world’s interest rate. Cryptology Earn provides consumers with options regarding lock-in durations. One can opt to lock their deposits for 30, 60, or 90 days and then withdraw when they expire. Profits will be reflected on a daily basis in the accounts during the full time.
Low Barrier to Entry and Attractive Fees
This is the type of DCE open to any crypto enthusiasts. When any person registers, they may immediately begin using all of the accessible trading capabilities, regardless of their prior trading experience. To encourage participation, the trading platform sets a relatively low minimum order size of $0.10 or similar, allowing novice traders to undertake low-risk transactions without concern.
Furthermore, it is assured to say it is one of the crypto exchanges that charge minimal trading fees and commissions, one more advantage for customers. Currently, the site charges a creator and taker fee of 0.002. On open futures orders, there are no rollover or overnight costs. Users must pay a small deposit and withdrawal charge for fiat and cryptocurrency transfers.
Deposit and Withdrawals
Users must fund their accounts before they can acquire crypto through the platform. That can be one through fiat money or cryptocurrency. Deposit options on the site include popular Visa and MasterCard debit and credit cards, Boleto, Loterica, Deposit Express, EUR SEPA, Wire transfer, and a variety of cryptocurrencies such as ERC20, TRC20, and Omni standard USDT crypto tokens.
Users may also cash out from their wallets in all accepted cryptocurrencies except BCH or by wire transfer.
Support and Security
This DCE offers a strong customer service system that allows the support team to respond to consumer inquiries in as little as 10 minutes when matters are simple. In every circumstance, users may anticipate their concerns to be handled in less than 24 hours, regardless of area or time.
Users can contact the customer support staff through email at support@cryptology.com or by creating a ticket by clicking on the support button at the top of the page. In addition to contacting customer service, customers may go through the extensive FAQs area to get answers to the majority of their questions.
In terms of security, the platform employs all industry-standard cybersecurity measures, including SSL on the platform and 2FA for account access.
Conclusion
By integrating all of the required capabilities onto a platform with a simple, easy-to-use interface, Cryptology finds a balance between functionality and ease. The website not only serves the current crypto community but also draws new crypto users by permitting low minimum orders of $0.10, supporting numerous payment ways, and offering a passive revenue-producing Cryptology Earn function.
