No Regulation

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/10

RAMSES

China

|

1-2 years

Suspicious Regulatory License|

Medium potential risk

https://ramses.exchange/

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RAMSES
https://ramses.exchange/
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E

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No effective regulatory information has been founded yet, please pay attention to the risks!

WikiBit Risk Alerts

1
Previous Detection 2024-10-06

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

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Company Name
RAMSES
Regulatory Status
No Regulation
Abbreviation
RAMSES
Platform registered country and region
China
Phone of the company
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AspectInformation
Company NameRAMSES
Registered Country/AreaChina
Founded Year1-2 years ago
RegulationUnregulated
CryptocurrenciesEther (ETH), USD Coin (USDC), Tether (USDT), DAI, Wrapped Ether (WETH), Wrapped BNB (WBNB), FLYWHEEL, Fluidity (FLY), ETHx, Fantom Token (FTM), Possum (PSM), USDe, XCAD Token, taoUSD, and TaoBANK Token etc.
Trading Fees0.01% to 1.0%, tiered based on asset volatility
Payment MethodWalletConnect, MetaMask, Coinbase Wallet
Customer Supporthttps://x.com/RamsesExchange

Overview of RAMSES

RAMSES is a Chinese-based cryptocurrency exchange established within the past 1-2 years, operating without regulatory oversight. It offers a broad selection of cryptocurrencies and trading assets, featuring competitive fees ranging from 0.01% to 1.0%.

Advantages include a user-friendly interface, extensive cryptocurrency support, and active community engagement. However, RAMSES lacks a dedicated mobile platform and direct customer support options like phone, relying on digital channels for assistance.

Overview of RAMSES

Pros and Cons

ProsCons
Low trading fees: 0.01% to 1.0%No dedicated mobile platform
Extensive range of cryptocurrenciesUnregulated
User-friendly interfaceNo direct customer support options like phone
Active community engagement

Pros:

  • Low trading fees: RAMSES offers competitive trading fees ranging from 0.01% to 1.0%, depending on the asset's volatility and risk level. This affordability can attract frequent traders looking to minimize transaction costs.
  • Extensive range of cryptocurrencies: The platform supports a wide variety of cryptocurrencies and tokens, allowing users to access various investment opportunities and trade different assets according to market trends and preferences.
  • User-friendly interface: RAMSES features an intuitive and easy-to-navigate interface, enhancing the trading experience for both novice and experienced users. This simplicity can reduce barriers to entry and facilitate efficient trading operations.
  • Active community engagement: RAMSES fosters a vibrant community where users can interact, share insights, and stay updated on platform developments. This community-driven approach can provide valuable support, market insights, and collaborative opportunities for users.

Cons:

  • No dedicated mobile platform: RAMSES lacks a dedicated mobile application, limiting accessibility for users who prefer or rely on mobile devices for trading. This could inconvenience users seeking on-the-go access and trading flexibility.
  • Unregulated: The platform operates without regulatory oversight, which can potentially expose users to risks such as inadequate consumer protection and market manipulation. Users should exercise caution and conduct thorough research before engaging with unregulated platforms.
  • No direct customer support options like phone: RAMSES primarily offers customer support through digital channels like email or social media, lacking direct phone support. This could result in longer response times for urgent issues or queries requiring immediate assistance.

Regulatory Authority

RAMSES operates without any regulatory oversight from authorities.

This absence of regulation can lead to potential risks, such as a lack of accountability, inadequate security measures, and increased vulnerability to fraud. Users and investors face heightened exposure to malpractices, financial losses, and operational instability due to the unregulated nature of RAMSES.

Security

RAMSES employs wallet security measures that typically involve integration with third-party wallet services like MetaMask, Coinbase Wallet, and WalletConnect. These wallets utilize secure encryption protocols and private key management to safeguard user funds and transactions.

Cryptocurrencies Available

RAMSES provides a wide selection of cryptocurrencies and stablecoins for trading.

Key assets include major cryptocurrencies like Ether (ETH) and its wrapped version (WETH), which are foundational for many decentralized applications and smart contracts.

Stablecoins such as USD Coin (USDC), Tether (USDT), and DAI offer traders options for maintaining stability with assets pegged to the US dollar.

RAMSES also supports Wrapped BNB (WBNB) and Fantom (FTM), which are significant for their respective blockchain ecosystems.

Unique tokens like Fluidity (FLY), FLYWHEEL, and Possum (PSM) represent more niche opportunities.

Additionally, tokens such as ETHx, USDC.e, and XCAD provide further diversification, appealing to both traditional and innovative trading strategies.

Cryptocurrencies Available

Trading Market

RAMSES offers a wide range of cryptocurrencies including Ether (ETH), USD Coin (USDC), Tether (USDT), DAI, and Wrapped Ether (WETH). It also supports niche tokens like Fluidity (FLY), FLYWHEEL, and Possum (PSM), providing options from stablecoins to emerging cryptocurrencies.

Here's a table showcasing the top 10 trading assets on RAMSES:

CurrencyTrading PairPrice (USD)1h Change24h Change24h Txns24h Volume (USD)Liquidity (USD)FDV (USD)
Ramses ExchangeRAM/USDC$0.18310.36%2.37%1,058$51,901.59$6,111,763.97$128,985,600.88
Ramses ExchangeRAM/WETH$0.18780.51%2.51%617$60,658.12$6,157,036.56$132,321,935.07
The EnneadneadRAM/WETH$0.14550.01%2.42%155$15,319.51$1,285,603.92$19,054,341.96
LUSD StablecoinLUSD/USDC$7.250.09%0.06%58$213,288.63$1,975,057.59$5,181,194.94
Alchemix USDalUSD/FRAX$6.980.00%0.12%43$68,404.07$8,641,613.81$7,029,489.82
Frax Finance - Frax EtherfrxETH/WETH$25,400.960.13%0.20%33$34,820.93$3,369,961.99$134,675,912.27
Gravita Debt TokenGRAI/FRAX$7.110.02%0.04%32$44,645.64$3,050,762.47$15,872,103.99
The EnneadneadRAM/RAM$0.14320.00%2.74%31$20,173.91$1,297,706.73$18,754,426.11
Alchemix ETHalETH/frxETH$22,879.360.00%0.43%26$39,995.17$10,766,519.22$8,555,936.31
The Standard EUROEUROs/agEUR$7.740.00%0.27%13$17,499.84$1,897,236.28$3,206,916.74
Fantom BombfBOMB/RAM$0.13540.06%3.21%13$15,733.42$1,211,084.88$3,867,172.73

Fees

RAMSES employs a tiered fee structure for trading. The default fee tiers are:

  • 0.01% (1 bps): The lowest fee, ideal for highly correlated or pegged assets like USDC and USDT.
  • 0.05% (5 bps): Suitable for competitive assets like USDC/WETH, balancing low fees with high trading volume.
  • 0.3% (30 bps): Standard for most asset pairs, providing a moderate fee rate.
  • 1.0% (100 bps): The highest tier, for volatile assets, compensating for the higher risk of providing liquidity.

Additionally, RAMSES offers:

  • 0.005% (0.5 bps): For ultra-stable token pairs, such as USDC-DAI, USDC-USDC.e, and USDC-USDT.
  • 0.025% (2.5 bps): For competitive blue-chip pairs, offering a middle ground in fee rates.
Fees

Payment Method

RAMSES supports several payment methods for users to connect their wallets and start trading. To connect, users can utilize popular cryptocurrency wallets such as MetaMask, Coinbase Wallet, or WalletConnect.

MetaMask is a widely used browser extension wallet that allows easy interaction with decentralized applications. Coinbase Wallet provides a secure mobile wallet option integrated with Coinbase's services.

WalletConnect offers compatibility with various mobile and desktop wallets, facilitating a seamless connection via QR code scanning or deep linking.

Payment Method

How to Buy Cryptos?

  • Acquire Existing Crypto: RAMSES, as a DEX, doesn't accept fiat currency directly. You'll need to have crypto already to trade. Popular options include Bitcoin (BTC), Ethereum (ETH), or stablecoins like Tether (USDT).
  • Choose a Wallet: Since RAMSES operates on the Arbitrum One network, ensure your crypto wallet is compatible. Popular choices include MetaMask set to the Arbitrum network or a dedicated Arbitrum wallet.
  • Transfer Crypto to your Wallet: Send your chosen crypto from your original exchange or wallet to your Arbitrum-compatible wallet address. Carefully review network compatibility before initiating the transfer.
  • Connect your Wallet to RAMSES: Visit the RAMSES Exchange website and locate the “Connect Wallet” option. Follow the on-screen instructions to establish a connection between your wallet and the exchange.
  • Navigate to the Trading Interface: Once connected, RAMSES will display its trading interface. Select the crypto you want to buy and the crypto you'll use for payment (e.g., USDT to buy ETH).
  • Initiate the Trade: Enter the amount you wish to purchase and review the trade details, including estimated fees. Confirm the transaction if everything looks accurate. The crypto you bought will be deposited into your connected wallet.
  • How to Buy Cryptos?

    Services

    RAMSES provides a wide suite of services for cryptocurrency trading and management:

    • Swap: Allows users to exchange different cryptocurrencies efficiently within the platform.
    Services
    • SingleStake: Enables staking of single assets to earn rewards, supporting decentralized finance (DeFi) protocols.
    • Vote: Facilitates governance by allowing token holders to vote on platform decisions and proposals.
    • xRAM: A rewards mechanism where users can earn additional benefits by holding and staking RAM tokens.
    • Lending: Users can lend or borrow assets, contributing to the liquidity and utility of the platform.
    • Epoch Flip: A time-based mechanism for redistributing rewards and aligning incentives within the ecosystem.
    Services

    Is RAMSES a Good Exchange for You?

    As an exchange ranking expert, RAMSES might be the best exchange for traders seeking efficiency on Arbitrum One. Its focus on deep liquidity through a dual AMM model suggests it prioritizes minimizing slippage, a major benefit for frequent traders on this network.

    Here are some target groups that might find RAMSES suitable:

    • DeFi-savvy traders familiar with AMMs: RAMSES serves users comfortable with decentralized exchange mechanics, particularly those who understand Automated Market Maker (AMM) based trading. Its dual AMM model suggests a focus on optimized liquidity and potentially lower slippage, which can appeal to traders looking for efficient trade execution.
    • Users seeking specific tokens on Arbitrum One: Since RAMSES operates on the Arbitrum One network, it serves users interested in tokens specifically available there. This could be folks exploring new projects or those seeking lower transaction fees compared to the Ethereum mainnet.
    • Customer Support

      RAMSES offers customer support primarily through social media platforms. Users can reach out via Twitter at RamsesExchange for updates and assistance. Additionally, support is available on Facebook for direct engagement and community interaction. These channels provide timely responses and updates to user inquiries and issues.

      Customer Support

      FAQ

      What cryptocurrencies can be traded on RAMSES?

      RAMSES supports a wide range of cryptocurrencies including Ether (ETH), USD Coin (USDC), Tether (USDT), DAI, Wrapped Ether (WETH), Wrapped BNB (WBNB), FLYWHEEL, Fluidity (FLY), ETHx, Fantom Token (FTM), Possum (PSM), USDe, XCAD Token, taoUSD, and TaoBANK Token.

      What are RAMSES's trading fees?

      RAMSES applies tiered trading fees ranging from 0.01% to 1.0%, depending on the asset's volatility and risk level.

      What payment methods does RAMSES accept?

      RAMSES accepts payments via WalletConnect, MetaMask, and Coinbase Wallet for trading and transaction purposes.

      Risk Warning

      Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.