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LATOKEN-1234453408537

LATOKEN-1234453408537 WikiBit 2023-07-20 12:15

LATOKEN is a virtual currency exchange platform that was founded in 2017. It is registered in the United States and operates globally. One notable aspect of LATOKEN is that it is not regulated, which

Aspect Information
Company Name LATOKEN
Registered Country/Area United States
Founded Year 2017
Regulatory Authority Not regulated
Cryptocurrencies Offered/Available 240+
Fees Maker fee 0%~0.49%, taker fee 0.04%~0.49%
Payment methods Debit or credit cards, bank transfer and cryptocurrency
Customer Support Customer Service Email Addressprivacy@latoken.cominfo@latoken.com

Overview of LATOKEN

LATOKEN, established in 2017 under CEO Valentin Preobrazhensky, is a cryptocurrency exchange registered in England & Wales. With over 240 supported cryptocurrencies, LATOKEN offers a diverse selection for traders, enhancing investment opportunities beyond mainstream options like Bitcoin and Ethereum. Notably, the platform requires no KYC verification, expediting the onboarding process for users prioritizing privacy. However, it charges spot trading fees ranging from 0.49% to 0.98%, impacting frequent traders' profitability. LATOKEN operates as an unregulated exchange, presenting potential risks in terms of security and investor protection. Despite average user experiences and limitations in fiat support, LATOKEN's comprehensive asset portfolio spans decentralized finance, centralized finance, NFTs, Web3 infrastructure, currencies, and collectibles, catering to a wide spectrum of traders.

Pros and cons

Pros Cons
Supports 240 Cryptocurrencies Spot fees 0.49%-0.98%
No KYC required Average user experience
No fiat deposits/withdrawals
Limited product range

Pros:

  • Supports 240 Cryptocurrencies: The platform's wide range of supported cryptocurrencies offers traders a diverse selection to choose from. This can be advantageous for investors seeking to explore various digital assets beyond the most common ones like Bitcoin and Ethereum.

  • No KYC Required: The absence of Know Your Customer (KYC) verification can be appealing to users who prioritize privacy and wish to avoid sharing personal information with the exchange. This streamlined onboarding process can lead to quicker access to trading.

Cons:

  • Spot Fees 0.49%-0.98%: The platform charges spot trading fees ranging from 0.49% to 0.98%. These fees can accumulate over time and impact the profitability of frequent trading. Traders should consider these costs when evaluating the platform's overall suitability.

  • Average User Experience: Users might find the overall trading experience on the platform to be average or lacking compared to more user-friendly exchanges. This could include issues related to the platform's interface, navigation, or ease of executing trades.

  • No Fiat Deposits/Withdrawals: The lack of support for fiat currency deposits and withdrawals limits users to only trading between cryptocurrencies. This can be inconvenient for traders who wish to convert between digital assets and traditional currencies.

  • Limited Product Range: The exchange's limited product range might restrict traders from accessing advanced trading features or various financial instruments beyond basic spot trading. This could be a drawback for traders looking for a more comprehensive trading experience.

  • Understanding these pros and cons will help traders make informed decisions based on their priorities and preferences when considering using the platform.

Regulatory Authority

  • LATOKEN operates as an unregulated virtual currency exchange, which lacks oversight and supervision from regulatory authorities. This absence of regulation can disadvantage traders in several ways. Firstly, without regulation, the platform might lack stringent measures to safeguard user funds, increasing the risk of security breaches such as fraud and hacking. This risk is higher compared to regulated exchanges.

  • Secondly, the absence of regulation means limited investor protection. If disputes or issues arise, there are fewer avenues for resolution or compensation.

  • To address these disadvantages, traders should exercise caution and adopt specific measures to mitigate risks. It's important to thoroughly research and understand the platform's security practices, including cold storage solutions and two-factor authentication.

Trading Market

LATOKEN offers a diverse range of trading assets to cater to the needs of various traders, encompassing both traditional and innovative financial instruments. Here's a summary of the asset categories and their respective counts:

  • Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), Solana (SOL), USD Coin (USDC), Dogecoin (DOGE) and more.

  • Decentralized Finance (DeFi) Assets : DeFi tokens provide access to decentralized finance protocols and enable participation in their governance and ecosystem development.

  • Centralized Finance (CeFi) Assets: CeFi tokens represent centralized financial institutions and platforms, offering exposure to the traditional finance sector within the crypto realm.

  • Non-Fungible Tokens (NFTs) : NFT collections encompass a variety of digital collectibles, artwork, and gaming items, embodying unique ownership of digital assets.

  • Web3 Infrastructure Assets : Web3 infrastructure tokens empower decentralized projects and protocols, supporting the growth and development of the Web3 ecosystem.

  • Currency : Fiat currencies, such as USD, EUR, and GBP, facilitate direct conversion between fiat and cryptocurrencies, enabling seamless transactions.

  • Collectibles & NFTs: Collectible tokens represent digital assets with distinctive attributes and scarcity, often associated with particular games, communities, or virtual worlds.

LATOKEN's comprehensive asset portfolio caters to a wide spectrum of traders, from those seeking exposure to traditional financial markets to those venturing into the frontiers of decentralized finance and the evolving Web3 landscape.

Cryptocurrencies available

  • LATOKEN offers support for a variety of cryptocurrency trading pairs, including:

    • BTC/USDT: Bitcoin

    • ETH/USDT: Ethereum

    • XRP/USDT: Ripple

    • BNB/USDT: BNB (Binance Coin)

    • USDC/USDT: USD Coin

    • STETH/USDT: Lido Staked ETH

    • ADA/USDT: Cardano

    • SOL/USDT: Solana

    • DOGE/USDT: Dogecoin

    • TRX/USDT: Tron

    • These trading pairs enable users to trade and exchange these cryptocurrencies against the USDT (Tether) stablecoin on the LATOKEN platform.

    • Services

      LATOKEN offers a range of services beyond trading to cater to the diverse needs of its users. These services include:

    • Airdrops: This program allows users to earn free cryptocurrencies by completing simple tasks, such as watching videos, taking surveys, or participating in social media activities.

    • Trading competitions: LATOKEN regularly hosts trading competitions where traders can compete for prizes by trading a specified cryptocurrency or asset pair.

    • Referral Program: Users can earn rewards by inviting their friends to join LATOKEN and trade. Both the referrer and the referred user receive rewards.

    • Fixed Staking: Users can earn interest on their cryptocurrencies by staking them with LATOKEN. Staking helps secure the network and provides a passive income stream for users.

    • B2B: LATOKEN offers a range of services to businesses, such as OTC trading, tokenization, and custom solutions. These services help businesses integrate blockchain technology into their operations and take advantage of the decentralized finance (DeFi) ecosystem.

    • Promote token: LATOKEN helps businesses promote their tokens by providing marketing and PR support. This helps businesses reach a wider audience and increase the demand for their tokens.

    • Get listed: LATOKEN's listing service helps businesses get their tokens listed on major exchanges. This increases the liquidity of their tokens and makes them more accessible to traders.

    • API: LATOKEN offers a powerful API that allows businesses to integrate its services into their own applications and platforms.

    • Bug Bounty Program: LATOKEN's bug bounty program rewards security researchers for finding and reporting bugs in its platform. This helps improve the security of the platform and protect users' funds.

    • IEO/Listing: LATOKEN offers initial exchange offering (IEO) and listing services for businesses that want to launch their tokens on its exchange. These services help businesses raise funds and gain exposure to a wide audience.

    • LATOKEN APP

      The LATOKEN app is a mobile cryptocurrency exchange that allows you to buy, sell, and trade cryptocurrencies. It also offers a variety of other features, such as airdrops, IEO launchpad, price alerts, and a referral program. The app is available in English, Spanish, French, Italian, Indian, Korean, and Indonesian (Bahasa) languages.

      To download the LATOKEN app, you can visit the LATOKEN website or your device's app store. Once you have downloaded the app, you can create an account and start trading cryptocurrencies.

      How to open an account?

    • The registration process for LATOKEN can be summarized in the following six steps:

    • 1. Visit the LATOKEN website and click on the “Sign Up” button. You will be directed to the registration page.

    • 2. Fill in your email address and create a password for your account. Make sure to use a strong, unique password to ensure the security of your account.

    • 3. Click on the verification link sent to your email address to confirm your registration.

    • 4. Complete your profile by providing the necessary personal information, such as your full name, date of birth, and contact details.

    • 5. Verify your identity by uploading the required documents, such as a copy of your identification document (e.g., passport or driver's license) and proof of address (e.g., utility bill or bank statement).

    • 6. Once your identity is verified, you will be able to access and start using your LATOKEN account for trading and other activities.

    • It is important to note that the registration process may be subject to additional verification steps depending on your jurisdiction and the platform's requirements.

    • How to Buy Cryptos?

      Website

    • Create an account: Visit the LATOKEN website and click on the “Sign Up” button. Enter your email address, password, and agree to the terms of service.

    • Verify your email address: Check your email inbox for a verification link from LATOKEN. Click on the link to verify your account.

    • Complete KYC verification: If you want to buy cryptocurrencies with fiat currencies, you will need to complete KYC (Know Your Customer) verification. This involves providing personal identification documents to verify your identity.

    • Deposit funds: Click on the “Deposit” button and select the cryptocurrency you want to deposit. Follow the instructions to deposit your funds.

    • Buy cryptocurrencies: Click on the “Exchange” button and select the cryptocurrency you want to buy. Enter the amount you want to buy and click on the “Buy” button.

    • App

    • Download the LATOKEN app: Visit the LATOKEN website or your device's app store and download the LATOKEN app.

    • Create an account: Open the LATOKEN app and tap on the “Sign Up” button. Enter your email address, password, and agree to the terms of service.

    • Verify your email address: Check your email inbox for a verification link from LATOKEN. Open the LATOKEN app and tap on the verification link to verify your account.

    • Complete KYC verification: If you want to buy cryptocurrencies with fiat currencies, you will need to complete KYC (Know Your Customer) verification. Tap on the “Profile” icon and then tap on “KYC Verification.” Follow the instructions to verify your identity.

    • Deposit funds: Tap on the “Wallet” icon and then tap on the “Deposit” button. Select the cryptocurrency you want to deposit and follow the instructions to deposit your funds.

    • Buy cryptocurrencies: Tap on the “Exchange” icon and select the cryptocurrency you want to buy. Enter the amount you want to buy and tap on the “Buy” button.

    • Fees

      Level LA Staked Discount
      Lv. 1 FROM 10.0k LA 10%
      Lv. 2 FROM 25.0k LA 15%
      Lv. 3 FROM 50.0k LA 20%
      Lv. 4 FROM 100.0k LA 30%
      Lv. 5 FROM 250.0k LA 40%
      Lv. 6 FROM 0.5m LA 50%
    • By staking different amounts of LA tokens, users can enjoy corresponding discounts on their trading fees. The higher the level and amount staked, the greater the fee reduction.

    • LATOKEN offers a tiered trading fee structure based on users' 30-day trading volume. The higher the trading volume, the lower the trading fees for both makers and takers.

    • The LATOKEN system continually tracks and updates your trading volume for the past 30 days, covering all trades across various crypto pairs. This data is then converted to a USDT equivalent using prices from 17 exchanges. You can easily review your 30-day volume and corresponding fee level on your profile page. Note that the new fee level only affects new orders, and excitingly, your fees might be even lower in the future.

    • Level 30d Volume, $ Maker Taker
      1 Less than $10.0k 0.49% 0.49%
      2 $10.0k - $50.0k 0.39% 0.39%
      3 $50.0k - $100.0k 0.29% 0.29%
      4 $100.0k - $250.0k 0.12% 0.19%
      5 $250.0k - $1.0m 0.07% 0.11%
      6 $1.0m - $2.5m 0.06% 0.09%
      7 $2.5m - $10.0m 0.04% 0.07%
      8 $10.0m - $20.0m 0.02% 0.05%
      9 More than $20.0m Zero 0.04%

      Payment methods

      LATOKEN supports a variety of payment methods for depositing and withdrawing funds, including:

    • Debit or credit cards: You can use your debit or credit card to buy cryptocurrencies directly on the LATOKEN platform. LATOKEN accepts Visa, MasterCard, and Maestro cards.

    • Bank transfers: You can deposit funds into your LATOKEN account via bank transfer. Bank transfers typically take 1-3 business days to process.

    • Cryptocurrency transfers: You can transfer cryptocurrencies from other wallets to your LATOKEN account. Cryptocurrency transfers are typically processed within minutes.

LATOKEN implements a dynamic withdrawal fee structure based on the cryptocurrency being withdrawn, adjusting fees regularly in response to market and blockchain conditions.

Withdrawal fees vary for each cryptocurrency; for example, Bitcoin (BTC) incurs a fee of 0.0005 BTC, with a minimum withdrawal of 0.001 BTC. Ethereum (ETH) withdrawals have a fee of 0.0114 ETH, with a minimum withdrawal of 0.017 ETH.

LATOKEN itself does not charge deposit fees for major cryptocurrencies like BTC, ETH, TRX, USDT, and USDC. However, a 1% deposit fee applies to other cryptocurrencies.

Cryptocurrency Withdrawal Fee (normal) Minimum Withdrawal
ETH (Ethereum) 0.0114 0.017
USDT (BSC_TOKEN) Tether USD 3
USDT (TRC20) Tether USD 3
USDT (ERC20) Tether USD 20
ARX (ARCS) 19,075 19,075
XEN (XENON) 275,863 275,863

The payment processing time for deposits and withdrawals varies depending on the payment method. Deposits made with debit or credit cards are typically processed instantly, while bank transfers typically take 1-3 business days to process. Cryptocurrency transfers are typically processed within minutes.

Customer Support

  • LATOKEN provides several contact email addresses for different purposes:

  • If you have privacy-related concerns or inquiries, you can get in touch with their privacy team by emailing privacy@latoken.com. For general information, questions, or any other inquiries, you can reach out to them at info@latoken.com. If you are interested in listings or have inquiries related to listing assets on their platform, you can contact them through listings@latoken.com. For those seeking career opportunities or wanting to join their team, you can explore talent@latoken.com to connect regarding talent recruitment.

  • Feel free to use these contact email addresses based on your specific needs, and the appropriate team at LATOKEN will be there to assist you.

Is LATOKEN a Good Exchange for You?

LATOKEN is a great exchange for beginner and experienced crypto traders due to its easy-to-use interface, variety of features, and competitive fees. It also supports a wide range of trading pairs and fiat currencies, making it a good choice for both domestic and international traders.

LATOKEN is a cryptocurrency exchange that is suitable for a wide range of users, from beginners to experienced traders. Here are some of the target groups that may find LATOKEN suitable:

  • Beginners: LATOKEN offers a variety of beginner-friendly features, such as its easy-to-use interface, educational resources, and 24/7 customer support.

  • Experienced traders: LATOKEN offers a variety of advanced features, such as margin trading, futures trading, and an API.

  • Investors: LATOKEN offers a variety of investment products, such as staking and lending.

FAQs

  • Q: What are the trading fees on LATOKEN?

  • A: LATOKEN employs a tiered fee structure, wherein trading fees decrease as the trading volume increases. The maker fee ranges from 0% to 0.49%, while the taker fee varies from 0.04% to 0.49%.

  • Q: What deposit and withdrawal methods are available on LATOKEN?

  • A: LATOKEN allows users to deposit funds using debit or credit cards, bank transfer and cryptocurrency

  • Q: What are the customer support options for LATOKEN?

  • A: LATOKEN provides customer support through email and live chat. Users can send their inquiries or issues via email and receive a response from the support team. Live chat support allows users to engage in real-time conversations with support agents.

User Review

User 1:

LATOKEN's interface is sleek and user-friendly, making trading a breeze. The range of cryptocurrencies is impressive, but I'm a bit concerned about the lack of regulation. The trading fees are reasonable, but I wish there were more options for order types. Customer support is hit or miss – quick responses sometimes, but not always helpful. Deposit and withdrawal speed are decent, though, and I've had no issues with security. Overall, good for diverse crypto options, but regulatory clarity and customer service could be improved.

User 2:

Loving LATOKEN's liquidity – quick executions, minimal slippage. The interface is intuitive, making it easy to navigate. However, the limited regulation gives me the jitters, even with the solid security measures. Customer support is surprisingly responsive and helpful. Trading fees are competitive, especially for the liquidity provided. Deposit and withdrawal speeds are on point. The variety of cryptocurrencies is extensive, but the exchange stability can be shaky during peak times. Overall, a go-to for liquidity, but regulatory concerns and occasional stability issues need addressing.

Risk Warning

  • Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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