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 well as 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.
The blog of the Cryptology group, which is linked on the website, includes information about the staff. The platform is very open about the individuals behind everything, which unquestionably develops trust among the service and its clients.
A multi-level KYC scheme and cold wallet storage maintain the security of the platform.
Liquidity is substantial, as is the number of currencies available, with users able to trade against Dollars and Euros.
The organization is quite diversified, with both new and experienced personnel. It never was hacked, and it offers a good security strategy to protect it and keep resources secure.
How to Create an Account
Creating an account on the platform is as straightforward as it is on any other platform. You are required to provide some basic information, such as your email address, location, and password, as well as credit card details for depositing and withdrawing funds.
There are also two verification procedures available, each with its own set of unique features.
You must supply basic KYC information such as your complete name, proof of identification, and a selfie with your identity document for the former. This will increase your platform limit to $10,000.
You will need to provide proof of address for the second. You will have no account limits at this level of verification.
Buying and Selling
Using Cryptology is relatively simple to purchase and sell bitcoins. It supports BTC, ETH, LTC, USDT, XLM, XRP, ZEC, and other cryptocurrencies. They may all be purchased using USD, EUR, or RUB. It is worth mentioning that BTC may be instantly converted to USDT and USDT to BTC by just hitting a button on the website or application.
Cryptology exchange is one of the platform’s subcategories. It provides several key capabilities and a customized interface in a venue that offers a variety of trading pairings.
The platform includes the following tools: Trade History, a chart supplied by TradingView, an Order Book, and an Order Form. All of this is in an easy-to-use format.
BTC, ETH, XRP, DYDX, XLM, BCH, LTC, ZEC, USDT, DAI, USDC, TRX, BAT, KVI, PSC, 1INCH, EURS, EUR, USD, RUB, and more trading pairs are available.
Cryptology Futures Trading allows users to perform perpetual transactions with leverage of up to 100X. When trading futures, users can select between cross-margin and isolated margin positions.
All transactions on the futures trading platform are safeguarded by risk reduction mechanisms to limit the risk of default in high volatility scenarios. Cryptology has built a dedicated insurance fund and auto-deleveraging methods to ensure the needs of both parties.
Cryptology Earn is a new feature that has been added to the service. It is a service that provides the user with passive profit. You can make money using cryptocurrencies and various stablecoins that are available on the platform. To make these purchases, the customer must utilize a bank card.
Furthermore, the system includes tools for monitoring, reinvesting, and withdrawing investments and revenues.
The currency chosen by the user will determine earnings. It might be a 15% annual income on stablecoins like USDT and DAI or an 8% yearly yield on cryptocurrencies like Bitcoin. Of course, because there are many investment possibilities, the yield % might vary considerably. These are only a few examples.
Entry Barriers and Fees
To start, Cryptology is a cryptocurrency exchange platform with costs as low as 0%. That’s a massive benefit for anyone looking to enter the bitcoin sector without incurring significant early losses. In addition, if you are a new user, you may be eligible for a $100 incentive.
Cryptology doesn’t really make a distinction between makers and takers in terms of trading fees, implying that it has a flat trading fee. It charges a 0.20 percent flat fee, which is a little lower than the world average.
Because of the minimal charges, the platform becomes more attractive, which helps boost liquidity.
There is also a withdrawal fee of 0.0005 BTC. Cryptology is an entry-level platform because it supports both fiat and cryptos trading. Deposits can be made using banking transactions, bank cards, and existing cryptos.
The current fees for both makers and takers are about 0.002. The trading volume determines the charge for exchanging any other cryptocurrency offered on the site.
They also charge a 2.65% fee on credit and debit card deposits, with a minimum of $25, RUB 1000, or €20. SEPA deposits with a minimum of €1 incur 0.45 % costs. Verified customers can also utilize wire transfers for a fee-free minimum of $25 or €25.
Different users from different countries may be charged other fees. However, it is the standard on US dollars, Euros, and Rubles.
As can be seen, the fees are minimal, so the barriers for those who are now entering the platform are minimal. That also fits in with the fact that the platform is designed to be easy to access and use—everything a newcomer to the field needs, ease of use, and low risk.
Deposits and withdrawals
Deposits can be made using standard methods such as Boleto, Visa and Mastercard credit and debit cards, wire transfer, etc. And less conventional methods, such as using ERC20, TRC20, and Omni standard USDT crypto coins.
Users may also withdraw earnings from their accounts in any approved cryptocurrencies (excluding BCH) or via wire transfer.
Support and Security
The platform’s support is fantastic. Everything is set up such that the service takes no more than 10 minutes and is quick, consistent, and effective. Users of all nationalities may expect their complaints to be handled within one day of registering them.
To contact support, send an email to [email protected] or open a ticket under the support page of the app or website. There’s also a FAQ, which might be helpful if it’s a common, reoccurring issue.
Platform security appears to be industry standard. SSL encryption on the platform and two-factor authentication on the accounts.
Cryptology strikes the ideal mix of usefulness, simplicity of implementation, and minimal risk. It is the perfect platform for anybody interested in cryptocurrencies but unsure where to begin or fearful of losing a large sum of money. The straightforward style and functionality will undoubtedly aid in this effort. Cryptology is probably, the best platform of cryptocurrencies exchange for beginners.