Description: Cryptology’s focus is easiness. The principle is that the world of cryptos should really be clear and straightforward. As a result, the service is one of few that appeals to both newbie and skilled users. It provides users with a variety of knowledge and tools to assist them in making sense of the world of virtual coins.
The Platform Overview
Cryptology is one of many cryptocurrency exchange trading platforms. It’s accessible as a website as well as a mobile application for cell phones. To use the platform, navigate to the website using any accessible browser (through the link: https://cryptology.com/) or download the app for your mobile device. Except for the United States and Japan, it is available to all nationalities. However, English and Japanese are both accessible as language options, as are Spanish, Russian, French, Korean, Portuguese, and various other languages. All of this is designed to make it more accessible to the broadest range of users.
Cryptology group’s webpage, which is linked on the platform, includes details about its personnel. The service is really transparent about its employees, that is behind it all, that further undeniably instils confidence between the provider and its users. The service’s protection is maintained by a multi-level KYC scheme and cold wallet storage.
The amount of currency pairs accessible is large and so is the cash flow, with clients getting to exchange against Fiat money (Euro and Dollar). The company is diverse, with both young and experienced employees. It was never breached, and it has a strong security policy in place to protect it and keep assets secured.
Establishing a login on the website is just like creating an account on just about any website. For inserting and removing money, you must provide some general details such as your email id, location, and security code, as well as credit card information. There are however two confirmation processes, each with its own set of distinct features.
And for the first, you need to provide basic Authentication details like your full name, documentation of identity, and a selfie with your identity document. Your limit on the platform will be increased to $10,000 as a result of this.
For the second, you will be required to present evidence of address. At this level of authentication, you will have no limits on your account.
Buying and Selling
It is quite simple to buy and sell cryptocurrencies using Cryptology. It accepts Bitcoin, Ethereum, Litecoin, USDT, XLM, XRP, ZEC, and other currencies. They are all available for purchase in Dollars, euros, or Ruble. It is important to note that by just pushing a button on the application or website, Bitcoins may be quickly converted to USDT and USDT to Bitcoins.
One of the platform’s subcategories is called Cryptology Exchange. It offers various key features as well as a customizable UI in a setting with a wide range of trade pairs.
The platform’s toolbox contains the following: a Trading History, a TradingView chart, an Order Book, and an Order Form. All of this information is presented in an easy-to-understand approach.
BTC, ETH, XRP, DYDX, XLM, BCH, LTC, ZEC, USDT, DAI, USDC, TRX, BAT, KVI, PSC, 1INCH, EURS, EUR, USD, RUB, and there are even more trading pairs accessible.
The other subcategory is called Cryptology Futures Trading. It can execute continuous transactions leveraged up to 100 times the initial investment. Users can choose either cross-margin or isolated margin positions while trading futures. To decrease the danger of default in extreme volatility scenarios, harm reduction procedures protect all operations on the futures trading system. To meet the demands of both parties, Cryptology has created a specialized insurance fund and an auto-deleveraging mechanism.
Cryptology Earn is a unique service that has been added to the platform. It is a program that generates passive income for the user. You may earn money on the program by utilizing cryptos and different stablecoins. The consumer must use a bank card to make these transactions.
The system also offers capabilities for tracking, reinvesting, and withdrawing investment and income.
Earnings will be determined by the currency selected by the user. It might be a 15% annual return on stablecoins like USDT and DAI or an 8% annual return on bitcoin and other cryptocurrencies. Of course, because there are so many investment options, the yield percent might vary greatly. These are only a few examples.
Entry Barriers and Fees
To begin, Cryptology is a cryptocurrency exchange platform that charges as little as 0% fee. It’s a huge advantage for anyone trying to get into the crypto industry without suffering huge initial losses. Also, if you are a new user, you could be qualified for a $100 bonus.
In terms of trading costs, cryptology does not differentiate between makers and takers, meaning that it has a flat trading charge. It charges a fixed cost of 0.20 per cent, which is slightly lower than the global average. Because of the low fees, the service has become more appealing, which increases liquidity. And there is a 0.0005 Bitcoin withdrawal charge. Because it enables both fiat and crypto trading, Cryptology is an entry-level platform. Banking transactions, bank cards, and existent cryptos can all be used to deposit funds.
Currently, the costs for both makers and takers seem to be about 0.002. The fee for trading any cryptocurrency listed on the website is determined by the transaction volume.
And they too additionally impose a 2.65% charge on credit and debit card deposits, with a minimum deposit of 25 Dollars, 1000 Rubles, or 20 Euros. SEPA deposits with a minimum of 1 Euro incur a 0.45% charge. Wire transfers are also available to verified clients for a fee-free threshold of 25 Dollars or 25 Euros.
Other fees may be imposed on various customers from different countries. It is, though, the standard on US currencies, Euros, and Rubles.
As can be seen, the costs are small, which means that the obstacles to entry for anyone new to the platform are likewise reduced. This is consistent with the platform’s concept, which is intended to be straightforward to access and use—everything a beginner to the industry must have in terms of ease of use and minimal risk.
Deposit and withdrawals
Deposits are either done using typical means such as Boleto, credit and debit cards from Visa and Mastercard, wire transfers, and so on less conventional approaches, such as the use of ERC20, TRC20, and Omni standard USDT cryptocurrencies.
Users can also make withdrawals from their digital wallets in any recognized cryptocurrency (excluding BCH) or via wire transfer.
Support and Security
The platform’s assistance is excellent. Everything is in place to ensure that the process requires no longer than 10 to 15 minutes and is rapid, reliable, and efficient. Users of all countries may anticipate their issues to be addressed within one day of submitting them.