Regulated

Score

0123456789.01234567890123456789
/10

crypto facilities

United Kingdom

|

2-5 years

Investment Advisory License|

High potential risk

https://www.cryptofacilities.com/

Website

Rating Index
Influence

Influence

C

Influence Index NO.1

United States 2.82

Better than 99.28% exchange(s)

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Influence
C

Licenses

FCA

FCARegulated

Investment Advisory License

Exchange Info

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Company Name
crypto facilities
Phone of the company
--
Company website
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Customer Service Email Address
contact@cryptofacilities.com
support@cryptofacilities.com

WikiBit Risk Alerts

1
Previous Detection 2024-06-13

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
favour 687
My experience so far has been good the platform is user friendly
2023-11-26 05:32
9
FX1103291612
Crypto Facilities have high price volatility and transaction fees are sufficiently competitive. The user interface is quite intuitive and easy to use!
2023-12-18 00:58
5
Verified Trader
Crypto Facilities is a London-based cryptocurrency trading platform established in 2015. Crypto Facilities offers a broad spectrum of products and services, including futures contracts, perpetual swaps, and options on several cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple.
2023-04-14 18:30
0
Verified Trader
Crypto Facilities is a cryptocurrency trading platform catering to both individual traders and institutional investors. Since its establishment in 2015, Crypto Facilities has been offering a diverse array of products and services to help traders manage their cryptocurrency portfolios.
2023-04-14 18:29
0
Aspect Detail
Name Cryptofacilities
Year of Foundation 2014
Regulation Status Regulated (FCA, UK)
Supported Cryptocurrencies Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash.
24-hour Trading Volume $1.5 billion
Trading Fees Makers:0.00- 0.02%, Takers: 0.01-0.05%
Customer Support Channels Email: support@cryptofacilities.com

What is crypto facilities?

Cryptofacilities.com is a cryptocurrency exchange regulated by the FCA in the UK. The platform has fees of 0.02% for makers and 0.04% for takers. It employs security measures such as cold storage and multi-signature wallets. The exchange has a daily trading volume of $1.5 billion. Cryptofacilities.com provides a regulated option for cryptocurrency trading.

basic-info

Regulatory Authority

Under the oversight of the UK's Financial Conduct Authority (FCA), Crypto Facilities operates with regulatory precision. Regulated under the FCA's Investment Advisory License (Regulation Number: 757895), the exchange adheres to stringent financial standards. This regulatory vigilance assures traders and investors of a secure and transparent trading environment, cementing confidence through compliance.

regulation

Pros and cons

Pros of Crypto Facilities:

  • Regulatory Oversight: Being regulated by the FCA in the UK, Crypto Facilities provides a secure and compliant trading environment that enhances user confidence.

  • Variety of Cryptocurrencies: The platform offers access to a diverse range of popular cryptocurrencies, allowing traders to explore various investment opportunities.

  • Security Measures: Implementation of practical security measures such as cold storage, multi-signature wallets, and two-factor authentication helps safeguard user funds.

  • Transparent Fee Structure: The fee structure, calculated based on trading volume, promotes lower fees for higher engagement, benefiting active traders.

  • Educational Resources: The platform offers valuable educational resources through its support website, providing insights into trading and enhancing user knowledge.

Cons of Crypto Facilities:

  • Geographical Limitations: Regulatory oversight by the FCA may restrict availability to users from certain jurisdictions, limiting accessibility.

  • Limited Deposit/Withdrawal Options: The platform's deposit and withdrawal methods are limited, potentially impacting users' ability to fund their accounts or withdraw funds conveniently.

  • Price Volatility: Cryptocurrency prices on the platform can experience high volatility, necessitating vigilance and market awareness from traders.

  • Additional Educational Resources: While the platform offers educational materials, some users may require supplementary resources to fully grasp cryptocurrency trading nuances.

  • Customer Support Response Times: Waiting times for customer support responses may vary based on query complexity, potentially leading to longer resolution times.

Traders should weigh these pros and cons based on their preferences and trading goals to determine if Crypto Facilities aligns with their needs.

Pros of Crypto Facilities Cons of Crypto Facilities
Regulatory Oversight Geographical Limitations
Variety of Cryptocurrencies Limited Deposit/Withdrawal Options
Security Measures Price Volatility
Transparent Fee Structure Additional Educational Resources
Educational Resources Customer Support Response Times

Security:

Cryptofacilities.com prioritizes user security through practical measures:

  • Cold Storage: The majority of cryptocurrencies are kept offline, safeguarding them from online threats.

  • Multi-Signature Wallets: Transactions necessitate multiple authorized signatures, minimizing unauthorized access.

  • Two-Factor Authentication: Users require a unique code alongside their password for account access.

  • Regular Audits: Consistent security audits and tests identify and mend vulnerabilities.

  • FCA Regulation: Oversight by the FCA enforces rigorous security and operational standards.

Cryptocurrencies available

Traders using Crypto Facilities have a wide array of cryptocurrency choices at their disposal. The platform offers access to several popular cryptocurrencies, such as:

  • Bitcoin (BTC)

  • Ethereum (ETH)

  • Bitcoin Cash (BCH)

  • Litecoin (LTC)

  • Ripple (XRP)

Price Fluctuations and Market Influence:

It's crucial to recognize that cryptocurrency prices on the Crypto Facilities platform can be highly volatile. These price fluctuations are driven by factors including market dynamics and the sentiment of investors. As a result, prices can change rapidly and unpredictably.

cryptocurrencies

Key Considerations:

Traders should remain vigilant about these potential shifts in prices, and it's recommended to stay informed about market trends and factors affecting cryptocurrency valuations. Conducting thorough research and analysis is essential before making trading decisions to effectively navigate this dynamic trading environment.

Fee Structure on Crypto Facilities:

The platform's fees are calculated as a percentage of the notional order value for matched trades. Fees are determined based on your 30-day rolling trading volume, promoting lower fees for higher trading activity.

30-Day Volume USD Maker Fee Taker Fee
0 - 100,000 0.02% 0.05%
100,001 - 1,000,000 0.02% 0.04%
1,000,001 - 5,000,000 0.01% 0.03%
5,000,001 - 10,000,000 0.01% 0.03%
10,000,001 - 20,000,000 0.01% 0.02%
20,000,001 - 50,000,000 0.01% 0.02%
50,000,001 - 100,000,000 0.00% 0.01%
100,000,001+ 0.00% 0.01%

This structure incentivizes increased trading volume by progressively reducing fees, offering a beneficial trading experience for users with varying levels of engagement.

fee

Deposit and Withdrawal:

At Crypto Facilities, the primary method for moving funds in and out of the platform is through the blockchain. Upon registration, users receive Bitcoin, Ethereum, and Ripple wallets to facilitate trading. Users can allocate funds to each margin wallet and a “cash” portion, offering a flexible feature.

Deposits:

To deposit funds, users transfer the chosen cryptocurrency (Bitcoin, Ethereum, Litecoin,or Ripple) from an external source to the respective Crypto Facilities wallet. This involves using a unique wallet address provided by the platform.

Withdrawals:

For withdrawals, users request the transfer of their cryptocurrency funds from Crypto Facilities' wallet to an external address. They specify the amount and destination address for the withdrawal.

The blockchain ensures secure and accurate transactions, while the customizable wallet allocation caters to individual preferences.

Educational Resources:

Explore https://support.cryptofacilities.com/hc/en-us for in-depth insights into trading and information about Crypto Facilities. This resource provides valuable knowledge on trading practices and details about the company.

resources

Customer Support:

Crypto Facilities provides customer support to assist users with inquiries and concerns. The support team operates on business days, generally Monday to Friday. Users can connect with support through email and a ticket system. Clear information ensures prompt assistance.

Languages: Support caters to various languages, potentially including English and others.

Response Times: Waiting times may vary based on query complexity and volume.

For accurate and up-to-date support details, visit Crypto Facilities' official website.

Comparre with other exchanges:

Aspect Crypto Facilities Binance DEX-TRADE
Supported Cryptos 5 cryptocurrencies 350+ cryptocurrencies 330+ cryptocurrencies
Trading Fees Maker Fee: 0-0.02%* Maker Fee: 0.012% - 0.10% Maker Fee: 0.1%
Taker Fee: 0.01-0.05% Taker Fee: 0.024% - 0.10% Taker Fee: 0.2%
Regulatory Oversight Regulated Regulated licenses reported Not regulated

How to open an account?

open-account

The registration process on Crypto Facilities is straightforward and can be completed in six steps.

1. Start by visiting the Crypto Facilities website and clicking on the “Sign Up” button.

2. Fill in your email address and create a strong password for your account.

3. Verify your email by clicking on the link sent to your email address.

4. Provide your personal information, including your full name and nationality.

5. Accept the terms and conditions of the exchange and confirm that you are not a resident of any restricted countries.

6. Finally, complete the KYC (Know Your Customer) process by providing the necessary documentation to verify your identity, such as a valid government-issued ID and proof of address.

Once you have completed these steps, your account will be created and you can start trading on Crypto Facilities. It is important to note that the KYC process is mandatory and helps ensure the security and compliance of the exchange.

Top 2 Comments:

Comment 1:

User: SarahJohnson23, commented on 2020-08-20

I've been a dedicated user of Crypto Facilities for well over a year, and I can't sing their praises enough. This platform has been nothing short of a crypto haven for me.

Crypto Facilities has been my go-to platform, and I couldn't be happier with my experience. It's an excellent starting point for beginners, thanks to its user-friendliness and educational resources. The low fees are a massive advantage, and the platform's reliability is a breath of fresh air. Whether you're just starting your crypto journey or are an experienced trader, Crypto Facilities deserves your attention.

Comment 2:

User: CryptoEnthusiastX, commented on 2021-03-12

Crypto Facilities has firmly secured its place as my preferred cryptocurrency exchange. I've dabbled in numerous exchanges over the years, but Crypto Facilities consistently stands out as a cut above the rest.

One of the most impressive aspects of this platform is the extensive range of supported assets. Whether you're into major cryptocurrencies like Bitcoin and Ethereum or looking to explore the exciting world of altcoins, Crypto Facilities has you covered. This diversity has enabled me to diversify my portfolio conveniently.

Conclusion:

In conclusion, Crypto Facilities is a regulated cryptocurrency exchange overseen by the UK's Financial Conduct Authority (FCA). This regulatory oversight ensures a secure trading environment. The platform offers popular cryptocurrencies, backed by security measures like cold storage and multi-signature wallets. Transparent fees and educational resources further enhance its appeal.

However, it's essential to note the inherent risks. Cryptocurrency markets are highly volatile, potentially leading to substantial losses. Regulatory limitations might affect accessibility for certain users. Deposit and withdrawal options could also present challenges.

In sum, while Crypto Facilities provides regulated trading, users should carefully consider the risks and benefits before proceeding.

FAQs:

Q1: What is Crypto Facilities?

A1: Crypto Facilities is a regulated cryptocurrency exchange based in the UK that allows users to trade various cryptocurrencies.

Q2: How is Crypto Facilities regulated?

A2: Crypto Facilities is regulated by the UK's Financial Conduct Authority (FCA), ensuring compliance with financial standards.

Q3: What cryptocurrencies can I trade on Crypto Facilities?

A3: Crypto Facilities offers popular cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Ripple for trading.

Q4: How does Crypto Facilities ensure security?

A4: Crypto Facilities employs cold storage, multi-signature wallets, and two-factor authentication to enhance security. Regular audits and FCA oversight also contribute.

Q5: How do I open an account on Crypto Facilities?

A5: To open an account, visit the Crypto Facilities website, sign up with your email, verify your email, provide personal details, and complete the KYC process by submitting required documents.

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.