SafeTrade Crypto Exchange Review: It Is Good Or Bad?

About SafeTrade Crypto Exchange

SafeTrade Crypto Exchange is an exchange registered in Canada that launched in 2018. It is developed by the team behind the SafeCoin crypto. They describe themselves as “one of the finest community driven exchanges available”.

SafeTrade Crypto Exchange offers trading in 37 different cryptocurrencies, which is quite an impressive number. There are exchanges out there offering trading in several hundreds of cryptos, but 37 is still above average. So if you’re an altcoin trader looking to find that unicorn crypto, chances are that you will find it here.

SafeTrade Crypto Exchange Basic Points

How To Start ?

How To Sign Up At SafeTrade Crypto Exchange ?

It Is Very Easy To Sign Up At Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At SafeTrade Crypto Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At SafeTrade Exchange ?

Withdrawing your funds from Swipe is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

SafeTrade Trading fees

This Canadian trading platform doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. SafeTrade charges 0.10% for most trades, regardless if you are a taker or a maker. The global industry average trading fee is arguably 0.25%, so SafeTrade’s fees are clearly lower than industry average. We are however seeing more and more exchanges moving towards lower trading fees, such as 0.10% or 0.15%. In any event, SafeTrade is not on the high side.

SafeTrade Withdrawal fees

SafeTrade’s withdrawal fee is 0.00009 BTC per BTC-withdrawal. This fee is far below the industry average. The global industry average BTC-withdrawal fee the last time they at did a full-blown empirical study of it was approx. 0.00057 BTC per BTC-withdrawal.  In any event, the withdrawal fees here are in line with, or even slightly below, the industry average.

Deposit Methods

SafeTrade Crypto Exchange trading platform does not accept any other deposit method than cryptocurrencies, so new crypto investors are actually restricted from trading here. If you don’t have any cryptos but want to start trading at this trading platform, you will first have to purchase cryptos from another exchange and then, as a second step, deposit them here. Don’t worry though, they will help you find an exchange where you can purchase your first cryptos by the help of Exchange Finder. Do the test there now and you will see what alternatives you have.