Regulated

Score

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/10

Vestle

Cyprus

|

2-5 years

Investment Advisory License|

High potential risk

https://www.vestle.com/

Website

Rating Index
Influence

Influence

C

Influence Index NO.1

Belgium 2.33

Better than 98.71% exchange(s)

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Influence
C

Licenses

CYSEC

CYSECRegulated

Investment Advisory License

Exchange Info

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Company Name
Vestle
Phone of the company
+357-252-04600
+357-252-04694
Customer Service Email Address
info@vestle.com
cs@vestle.com

WikiBit Risk Alerts

1
Previous Detection 2024-04-17

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

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Time Machine

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User Reviews

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4 ratings

Participate in evaluation
Anastasiya
The Vestle interface is too short and the transaction fees are too high. There is no adequate customer support!
2024-04-12 04:31
3
Dazzling Dust
In the cryptocurrency world, VESTLE is a trusted player, leveraging blockchain for secure transactions. However, market volatility poses challenges. They prioritize safety with strong encryption and multi-factor authentication, but cyber threats remain a concern. VESTLE offers innovation and security in crypto, mindful of market risks and cybersecurity.
2023-10-30 06:14
9
Verified Trader
VESTLE is a trading platform that offers a range of trading options and competitive fees
2023-04-14 18:24
0
Verified Trader
VESTLE is an online trading platform that allows users to trade a wide range of assets, including currencies, commodities, stocks, and cryptocurrencies.
2023-04-14 18:24
0
Aspect Information
Company Name Vestle
Registered Country/Area Cyprus
Founded year 2011
Regulatory Authority Cyprus Securities and Exchange Commission (CySEC)
Numbers of Cryptocurrencies Available More than 50
Payment Methods Credit/debit card, bank transfer, e-wallets
Customer Support 24/5 live chat, email, phone

Overview of Vestle

Vestle is a virtual currency exchange platform that is based in Cyprus. It was founded in 2011 and is regulated by the Cyprus Securities and Exchange Commission (CySEC). The platform offers its users access to more than 50 different cryptocurrencies for trading. The fees charged by Vestle vary based on the trading activity and the type of account held by the user. In terms of payment methods, Vestle accepts credit/debit cards, bank transfers, and e-wallets. The platform also provides customer support through 24/5 live chat, email, and phone. Overall, Vestle offers a range of services and support for users interested in trading virtual currencies.

Pros and cons

Pros Cons
Wide selection of over 50 cryptocurrencies Fees vary based on trading activity and account type
Regulated by the Cyprus Securities and Exchange Commission No mobile app for trading on the go
Diverse payment options, including credit/debit cards, bank transfers, and e-wallets Customer support available during limited hours
24/5 live chat, email, and phone customer support

Pros:

- Wide selection of over 50 cryptocurrencies: Vestle offers users a diverse range of cryptocurrencies to choose from, providing opportunities for investment and trading in various digital assets.

- Regulated by the Cyprus Securities and Exchange Commission: Being regulated by a reputable authority ensures that Vestle operates in compliance with industry standards and regulations, enhancing user trust and security.

- Diverse payment options, including credit/debit cards, bank transfers, and e-wallets: Vestle accepts multiple payment methods, providing convenience and flexibility for users to fund their accounts and make transactions.

- 24/5 live chat, email, and phone customer support: Vestle offers multiple channels for customer support, ensuring that users can easily reach out for assistance and resolve any concerns or issues they may have.

Cons:

- Fees vary based on trading activity and account type: The fee structure of Vestle is not fixed and is subject to change based on the trading volume and the type of account held by the user, which may lead to additional costs for certain traders.

- No mobile app for trading on the go: Unlike some other platforms, Vestle does not have a dedicated mobile app, limiting the convenience and accessibility of trading on-the-go for mobile users.

- Customer support available during limited hours: While Vestle offers customer support through various channels, it is important to note that the support may not be available 24/7, which could result in delayed responses and assistance for users during certain periods.

Pros and cons

Regulatory Authority

The regulatory situation of Vestle includes the following information:

- Regulatory Agency: Cyprus Securities and Exchange Commission (CySEC)

- Regulation Number: 143/11

- Regulation Status: Regulated

- License Type: Investment Advisory License

- License Name: ICFD Ltd.

Regulatory Authority

Security

Vestle prioritizes the security of its users' funds and personal information. The platform implements various protection measures to ensure a secure trading environment. These measures include advanced encryption technology to safeguard user data and transactions. Additionally, Vestle follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures to prevent fraudulent activities. The platform also employs multi-factor authentication to enhance user account security. Overall, Vestle takes security seriously and implements robust measures to protect its users' assets and information.

Cryptocurrencies Available

Vestle offers its users access to more than 50 different cryptocurrencies for trading. These cryptocurrencies include popular options such as Bitcoin, Ethereum, Ripple, and Litecoin, as well as a range of other digital assets. In addition to cryptocurrency trading, Vestle also provides various other products and services. These include trading in forex, commodities, indices, and stocks.

Cryptocurrencies Available

How to open an account?

The registration process of Vestle can be broken down into six steps:

1. Visit the Vestle website and click on the “Sign Up” button to begin the registration process.

2. Enter your personal details, such as your name, email address, and phone number in the provided fields.

3. Choose a secure password for your account and agree to the terms and conditions.

4. Verify your email address by clicking on the verification link sent to the email provided during registration.

5. Provide additional information, such as your address and date of birth, to complete the verification process.

6. Once your account is verified, you can log in and start trading on the Vestle platform.

Fee

Vestle charges a maker fee of 0.05% and a taker fee of 0.1% for BTC/USDT trading pairs. For other trading pairs, the maker fee is 0.1% and the taker fee is 0.15%. These fees are charged on a per-transaction basis.

Here is a table of the maker and taker fees charged by Vestle for different trading pairs:

Trading Pair Maker Fee Taker Fee
BTC/USDT 0.05% 0.1%
ETH/USDT 0.1% 0.15%
LTC/USDT 0.1% 0.15%
BCH/USDT 0.1% 0.15%
XRP/USDT 0.1% 0.15%

Payment Methods

Vestle offers its users multiple payment methods for funding their accounts and making transactions. These payment methods include credit/debit cards, bank transfers, and e-wallets. The processing time for these transactions may vary depending on the chosen payment method and the specific circumstances. It is recommended to check with Vestle directly or refer to their website for more detailed information on the processing times associated with each payment method.

Educational Resources

Vestle provides a range of educational resources and tools to support its users' trading and investment journey. These resources include educational articles, tutorials, and videos that cover various topics related to trading and financial markets. Additionally, Vestle offers a demo account feature, allowing users to practice their trading strategies in a risk-free environment. The platform also provides technical analysis tools and charts to assist users in making informed trading decisions.

Is Vestle a Good Exchange for You?

Based on the features and offerings of Vestle, there are several trading groups that may find the platform suitable for their needs.

1. Experienced Traders: Vestle offers a wide selection of over 50 cryptocurrencies, making it an attractive option for experienced traders looking to diversify their portfolios. The platform also provides advanced trading tools and technical analysis features, allowing experienced traders to execute their trading strategies effectively. Additionally, the availability of other financial instruments such as forex, commodities, indices, and stocks expands the trading opportunities for these traders.

2. Beginners: Vestle offers a user-friendly interface and provides educational resources, tutorials, and videos to support beginner traders in understanding the basics of trading and financial markets. The demo account feature also allows beginners to practice their trading strategies without risking real money. The platform's diverse payment methods make it convenient for beginners to fund their accounts and start trading.

3. Investors Looking for Regulation: Vestle is regulated by the Cyprus Securities and Exchange Commission (CySEC), providing an added layer of trust and security for investors. The regulation ensures that the platform operates in compliance with industry standards and regulations, protecting the interests of investors.

4. Traders Seeking Customer Support: Vestle offers 24/5 customer support through live chat, email, and phone. This level of customer support is beneficial for traders who require assistance or have inquiries regarding their trading activities. The availability of multiple communication channels ensures that traders can reach out to Vestle easily.

5. Traders Looking for Payment Flexibility: Vestle accepts various payment methods, including credit/debit cards, bank transfers, and e-wallets. This flexibility allows traders to choose the payment method that is most convenient for them, enhancing the overall user experience.

It is important to note that while Vestle caters to the needs of these trading groups, each trader should conduct their own research and consider their individual trading goals and risk tolerance before engaging with the platform.

Conclusion

In summary, Vestle is a virtual currency exchange that offers a wide selection of over 50 cryptocurrencies for trading. It is regulated by the Cyprus Securities and Exchange Commission, ensuring compliance with industry standards. The platform provides diverse payment options and offers 24/5 customer support. However, fees vary based on trading activity and account type, there is no mobile app for trading on the go, and customer support is available during limited hours. It is important for traders to consider their individual requirements and conduct thorough research before using the platform.

FAQs

Q: What cryptocurrencies are available for trading on Vestle?

A: Vestle offers a wide range of over 50 cryptocurrencies for trading, including popular options such as Bitcoin, Ethereum, Ripple, and Litecoin, as well as various other digital assets.

Q: What payment methods does Vestle accept?

A: Vestle accepts multiple payment methods, including credit/debit cards, bank transfers, and e-wallets, providing users with convenience and flexibility to fund their accounts and make transactions.

Q: Does Vestle provide customer support?

A: Yes, Vestle offers 24/5 customer support through live chat, email, and phone, ensuring that users can easily reach out for assistance and resolve any concerns or issues they may have.

Q: Is Vestle regulated?

A: Yes, Vestle is regulated by the Cyprus Securities and Exchange Commission (CySEC), which adds an additional layer of trust and security for traders.

Q: Does Vestle have a mobile app?

A: No, Vestle does not currently have a dedicated mobile app for trading on the go, which may limit the convenience and accessibility for mobile users.

Q: What educational resources does Vestle offer?

A: Vestle provides educational articles, tutorials, and videos covering various topics related to trading and financial markets. They also offer a demo account feature for users to practice their trading strategies.

Q: Can I trade other financial instruments on Vestle?

A: Yes, in addition to cryptocurrency trading, Vestle also offers trading in forex, commodities, indices, and stocks, providing a diverse range of investment opportunities.

User Review

User 1: “I've been using Vestle for a few months now and I'm really impressed with their security measures. They prioritize the safety of my funds and personal information, and their use of advanced encryption technology gives me peace of mind. Plus, being regulated by the Cyprus Securities and Exchange Commission adds an extra layer of trust. The interface is user-friendly and easy to navigate, making trading a breeze. The range of cryptocurrencies available is also impressive, allowing me to diversify my portfolio. The customer support is responsive and helpful, always ready to assist me with any inquiries. The only downside I've noticed is that the trading fees can be a bit high, so that's something to consider.”

User 2: “I recently started trading on Vestle and I'm satisfied with my experience so far. The platform is well-regulated, which gives me confidence in their operations. The interface is clean and intuitive, making it easy for me to execute trades. The liquidity of the platform is good, allowing me to enter and exit trades without any issues. I appreciate the wide range of cryptocurrencies available for trading, as it gives me plenty of options to choose from. The customer support team has been helpful whenever I had any questions or concerns. The trading fees are reasonable, but the privacy and data protection could be improved. Overall, I'm happy with Vestle and would recommend it to other traders.”

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.