Where to Start if You Want to Try Crypto Trading?
I would not recommend starting with major exchanges, as they may seem too complicated for a newcomer. Operating on a large platform will become easy and convenient one day, but the entry point should be as simple and user-friendly as possible. Pay attention to these features when choosing the first platform for your transactions.
Let’s figure out in detail what characteristics an exchange platform should have to make your activities easier.
Cryptology is an example of a user-friendly cryptocurrency exchange platform. Such services feature multiple advantages for both newcomers and professionals in cryptocurrency trading and investing. Please note that simplicity can be useful even for experts.
Below you will find a list of six features a decent cryptocurrency exchange like Cryptology, which charges no fees for futures trading, should have. This will allow you to highlight the advantages and disadvantages of an exchange for yourself.
6 features to simplify your crypto operations
1.Simplicity
The less bureaucracy on the platform, the faster the deals. Why is this important? Because speed is the most important factor in online trading. When rates fluctuate in split seconds, you can’t afford wasting your time on filling out complicated forms to just get rid of sinking coins.
2.Low commissions
Any trader or investor will agree that wasting money on fees of any kind is not a good idea.
3.Availability
First of all, make sure you are able to make certain transactions on the platform from your country, as it may be illegal or just not supported. It may take you ages to sign up, configure settings, pass verification and depositing, just to know in the end that trading from your region is not supported.
4.Leverage
No significant profits can be made without leverage. Indeed, it may be risky, but this is the only instrument to multiply your earnings.
5.Supported pairs
Different traders choose different strategies. Some focus on major currencies, others try every available coin. The latter should check out if the chosen platform supports all the pairs they want.
6.Hassle-free withdrawals
You might be a very successful trader and earn a lot, but what does it cost when it comes to actually getting your money back? It is important to be able to convert your earnings into real money and withdraw from the platform.
Cryptology Review: exchange with no commission for futures trading
Cryptology is a platform for cryptocurrency exchange and crypto futures trading. It offers no-fees transactions and a welcome bonus equal to $100.
You are welcome to benefit from 0% fees when trading crypto futures as well to get our welcome bonus in the amount of 0.01000000 BTC with Cryptology Earn.
This Cryptology review unveils advantages and disadvantages of this service and helps you to take advantage of the short-term promotion on every step of interaction with the platform: from registration to making deposits and withdrawals.
Review of Cryptology Earn
A few months ago, Cryptology launched a new service dubbed Cryptology Earn to help you accumulate passive income. It allows to earn multiple cryptocurrencies including stablecoins after making investments from bank cards. As part of this feature, you can monitor your daily income and decide what to do with it: withdraw or reinvest.
The profit amount will depend on the chosen currency. For example, if you invest stablecoins like USDT, USDC, or DAI, you will get a 15% annual yield. If you invest BTC, you can get can up to 8% annually. The best thing about this feature is that deposits are made with zero fee.
Registration
The registration process is very easy: you will be asked to indicate your first and last name, email, and password in the form. You will be required to check the box stating that you accept the Terms of Service. By the way, you can sign in with your Google account.
You can choose to register a personal or institutional account with Cryptology.
If you opt for a personal account, please keep in mind that only the Trading account will be available for you.
The institutional users can get a different account called Global Wire account — it supports other types of deposits and withdrawals:
- Global account allows to make deposits in fiat and cryptocurrency via wire transfer or bank card. Withdrawal will also be available in cryptocurrency and fiat — the latter can be withdrawn only to the account previously used for deposits.
- Trading account allows to make deposits in fiat and cryptocurrency, but withdrawal will be available in cryptocurrency only.
Another note: fiat money can be deposited via Visa and Mastercard within the EU, but with Global account the fiat withdrawals can only be made via wire transfer.
Verification Process
Cryptology has the KYC practices implemented, which means that you will have to pass a 2-step verification process:
- Basic verification will allow you to make transactions within a limit of $10,000.
This type of verification requires to provide a photo of your ID (passport, driving license, or national ID) along with a selfie with that ID in your hands.
- Full verification requires to provide a proof of address on top of that. After full verification, the limits will be removed.
Futures & Spot Trading
You can use the company’s Spot Exchange and Futures trading tools – they are very simple and user-friendly.
When you use Spot Exchange, you will see sections such as a trade history, an order book, a chart by TradingView, and an order form. The platform will allow you to trade at the market or limit.
It is pretty much the same for Futures trading, but this section also offers leverage.
Fees, Deposits, and Withdrawals at Cryptology
Cryptology will charge both makers and takers a trading fee of 0.002. As everywhere else, the fees depend on the trading volume.
In case of fiat transactions, you will be charged a 2.65% fee for bank cards deposits, for a minimum USD 25, RUB 1,000 or EUR 20 deposit.
There are different fees for users from Brazil: they will be charged between 1.7% and 3.6% for a minimum USD 1 deposit.
Users will also be charged 0.45% fees for EUR SEPA deposits (a minimum EUR 1 deposit). Fully verified users will be able to use wire transfers without any fees, for a minimum USD 25 or EUR 25 deposit.
Now about withdrawals: fiat money can be withdrawn only from institutional accounts and only with SEPA accounts. The fee will be EUR 7 for a minimum EUR 50 withdrawal.
Fees vary for deposits and withdrawals made in cryptocurrency. It must be kept in mind that some assets cannot be withdrawn.
Footprint
Cryptology is available in almost any country, but not in the US and Japan.
The news was that Binance quit Germany, the Netherlands, and Italy. As for Cryptology, it is not going to follow its example anywhere soon. We are still operating in all supported countries, including Germany, the Netherlands, and Italy.
Cryptocurrency Pairs Available
Futures
- BTC/USD
- BTC/USD Perpetual
- LTC/USD Perpetual
- SNX/USD Perpetual
- XLM/USD Perpetual
- EOS/USD Perpetual
- ZEC/USD Perpetual
- ETH/USD Perpetual
- MKR/USD Perpetual
- TRX/USD Perpetual
- YFI/USD Perpetual
- BCH/USD Perpetual
Spots
The following currencies are available at the spot exchange:
- USDT
- USDC
- DAI
- TRX
- BAT
- BTC
- LTC
- ETH
- XRP
- XLM
- BCH
- ZEC
Fiat currencies available for trading:
- USD
- EUR
- RUB
Moreover, Cryptology has recently announced the listing of EURS.
Now let’s consider advantages and disadvantages of the platform.
Advantages:
Customer support: I had to contact the company’s support service with a few questions about verification. I was responded within just 10 minutes, and the replies were very polite and comprehensive.
Decent support service at Cryptology
Disadvantages:
- The platform does not offer margin trading on the spot exchange.
- You will not be able to withdraw fiat money from a trading account, which is opened for individuals.
We hope that this review will help you create a full picture of the promotions offered by Cryptology, as well as cast the light on the six features any cryptocurrency exchange should have.
If you have an idea of what else should be in this list — let us know!
varsha 
vinay