Home - Exchange - CRYPTOMARKET

WikiBit Score

0.00 10
Regulatory 0.00
Business 8.56
Risk Manag 0.00
Influence index 7.58
Trading Environment Index 4.55
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A

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Company Name
CRYPTOMARKET
Phone of the company
+56 2 2938 0093
+56 2 2952 3636
Customer Service Email Address
--
Global blockchain
Regulatory Consulting APP

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CRYPTOMARKET

CRYPTOMARKET

5-10 years|
Suspicious Regulatory License|
High potential risk
WikiBit Risk Alerts2
Previous Detection 2023-09-30

The number of this Exchange's nagitive field survey reviews has reached 1, please be aware of the risk and the potential scam!

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

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Time Machine
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Founded 2016
Regulation Unregulated
Supported Cryptocurrencies 50+
Fees - Spot Transactions: 0.09% to 0.04% (varies based on volume)
- Simple Transactions: 1%
Funding Methods Wallet, Wire transfer, Cryptos
Customer Service Phone,FAQs, Social media

CryptoMarket Overview

  CryptoMarket is a cryptocurrency exchange platform founded in 2016 operating primarily in Latin American countries, including Argentina, Brazil, Chile, Colombia, and Peru. The platform offers users the ability to buy, trade, and hold over 50 cryptocurrencies. As of 2023, specific regulatory details regarding CryptoMKT were not explicitly mentioned in the available data.

Pros & Cons

√ Pros × Cons
Over 50 tradable cryptocurrencies Limited global presence
Presence in multiple Latin American countries Specific regulatory licenses not mentioned
Advanced trading system with Stop Limit Fee transparency
Instantly accredited cryptocurrency deposits Limited educational resources
Operates with advanced graphics tools No mention of security protocols

  Pros Revealed

  • Over 50 Tradable Cryptocurrencies: CryptoMarket offers a range of cryptocurrencies, catering to both popular and emerging digital assets.

  • Presence in Multiple Latin American Countries: The platform operates in Argentina, Brazil, Chile, Colombia, and Peru.

  • Advanced Trading System with Stop Limit: CryptoMarket provides advanced trading tools, including a system with Stop Limit.

  • Instantly Accredited Cryptocurrency Deposits: Ensuring user convenience with quick deposit accreditation.

  • Operates with Advanced Graphics Tools: Integrated with Trading View for enhanced chart analysis.

  Cons Revealed

  • Limited Global Presence: While strong in Latin America, its reach outside this region is limited.

  • Specific Regulatory Licenses Not Mentioned: The platform does not provide explicit details on its regulatory licenses.

  • Fee Transparency: The exact fee structure is a little complex.

  • Limited Educational Resources: While there are insights on Bitcoin and Ethereum, the platform lacks comprehensive educational content.

  • No Mention of Security Protocols: The platform does not provide explicit information on its security protocols on the main page.

Regulatory Compliance

  As of August 2023, specific details regarding CryptoMarket's regulatory licenses were not explicitly mentioned on the website. Users are advised to reach out to the platform directly or consult other reliable sources for detailed information on regulatory compliance.

Open Accounts/Registration

  Visit CryptoMKT's official website and click on the “Sign up” button to provide your personal details and verify your email. Once verified, set up security measures like two-factor authentication (2FA) for added protection. After setting up your account, deposit funds using the available methods and begin trading cryptocurrencies.

Fees

  CryptoMarket offers a tiered fee structure based on the 30-day trading volume. Both Market Makers and Market Takers have the following fee schedule:

Volume traded in 30 days Market Maker Market Taker
$0 - $100,000 USD 0.09% 0.09%
$100,000 - $1,000,000 USD 0.08% 0.09%
$1,000,000 - $10,000,000 USD 0.07% 0.08%
$10,000,000 - $100,000,000 USD 0.06% 0.08%
$100,000,000 - $1,000,000,000 USD 0.05% 0.07%
+ $1,000,000,000 USD 0.04% 0.06%

Deposits and Withdrawals

  Bank Deposits and Withdrawals:

Instrument Deposit Rate Withdrawal Rate
Peso Argentino (ARS) 0.60% 0.60%
Real Brasileño (BRL) R$0 R$8.9
Peso Chileno (CLP) $0 $0
Peso Colombiano (COP) $1,450 $2400 + 0.4%
Euro (EUR) 0.50% 0.50%
Sol (PEN) S/0 S/0 to S/5.8

  CVU Deposits and Withdrawals:

Instrument Deposit Rate Withdrawal Rate
Peso Argentino (ARS) 0.60% 0.60%

  PIX Deposits and Withdrawals:

Instrument Deposit Rate Withdrawal Rate
Real Brasileño (BRL) R$0 R$8.9 (R$0 if ≥ R$1000)

  Deposits and Withdrawals via Mercado Pago:

Instrument Deposit Rate Withdrawal Rate
Real Brasileño (BRL) 1.90% R$0

  Deposits/Withdrawals Cryptocurrencies

Instrument Deposit Rate Withdrawal Rate
Aave (AAVE) 0 AAVE 0.273 AAVE
Algorand (ALGO) 0 ALGO 8.01 ALGO
Avalanche X-Chain (AVAX) 0 AVAX 0.0725 AVAX
BNB (BSC chain) (BNBBSC) 0 BNBBSC 0.00302 BNBBSC
... ... ...
Zcash (ZEC) 0 ZEC 0.0306 ZEC
yearn.finance (YFI) 0 YFI 0.00285 YFI

  (Note: The table above is a shortened representation. The “...” indicates that there are more entries in between. For a complete list, refer to the official website.)

Educational Info

  To access these educational resources:

  •   Visit the CryptoMarket website.

  •   Scroll through the main page where they have highlighted sections like “Why buy Bitcoin?”, “Why buy Ethereum?”, and more.

  •   Click on the respective sections to delve deeper into the topic and gain a comprehensive understanding.

Customer Service/Website Info

  CryptoMarket provides customer support primarily through phone numbers for the various countries they operate in. These numbers cater to users from Argentina, Brazil, Chile, Colombia, and Peru.

  •   Contact Numbers:

  - Chile: +56 2 3304 8610

  - Argentina: +54 11 3987 0780

  - Peru: +51 1 730 3004

  - Colombia: +57 601 5140324

  - Brazil: +55 11 4040 2642

Comparison with Other Exchanges

Dimension CryptoMarket Binance Coinbase
Fees 0.04%-0.09% 0.012%-0.10% 0% - 3.99%
Cryptos Available 50+ 350+ 200+
Website CryptoMarket Binance Coinbase

  CryptoMarket is suitable for users in Latin America looking for a variety of cryptocurrencies. Binance is best for experienced traders and those seeking a wide range of cryptocurrencies and advanced trading options. Coinbase is suited for beginners due to its user-friendly interface and simple buying options.

Summary

  CryptoMarket is a Latin America-focused cryptocurrency exchange offering a variety of digital assets and advanced trading tools. While it boasts a strong presence in its operating regions, users should seek detailed fee and regulatory information directly from the platform.

FAQs

  Q: How do I deposit funds into my CryptoMarket account?

  A: Users can deposit funds into their CryptoMarket account using both local currencies and cryptocurrencies. The platform supports various local currencies like Peso Argentino (ARS), Real Brasileño (BRL), Peso Chileno (CLP), and more. The deposit rates vary depending on the currency and method used.

  Q: Which countries does CryptoMarket operate in?

  A: Argentina, Brazil, Chile, Colombia, and Peru.

  Q: Are there any fees associated with withdrawals?

  A: Yes, withdrawal fees apply and vary depending on the currency and method. For instance, withdrawing in Peso Argentino (ARS) incurs a 0.6% fee, while Real Brasileño (BRL) via PIX has a fee of R$8.9 for amounts less than R$1000.

  Q: Does CryptoMarket offer advanced trading tools?

  A: Yes, including a system with Stop Limit and integration with Trading View.

  Q: How does CryptoMarket ensure the security of its platform?

  A: CryptoMarket emphasizes high-security standards in its operations. They have implemented a latest-generation Anti-Hacker system, and funds are safeguarded in multi-signature physical vaults.