Serenity Crypto Exchange Review: It Is Good Or Bad?

About Serenity Crypto Exchange

Serenity Exchange is a cryptocurrency change registered in Estonia. It released in May 2019. This platform’s primary declare to reputation is that they may be an change aggregating liquidity. This approach that in addition they achieve gives from different exchanges’ order books and will let you select from them as well. This may be very beneficial for the customers and it additionally climbs the – on occasion very difficult – hurdle of accomplishing buying and selling extent for a brand new change.

Hanbitco Exchange Basic Points

How To Start ?

How To Sign Up At Hanbitco Crypto Exchange ?

It Is Very Easy To Sign Up At Hanbitco 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 Hanbitco 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 Hanbitco 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.

Serenity Exchange Trading fees

Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Many exchanges divide between takers and makers. Takers are the one who “take” an existing order from the order book. Makers are the ones who add orders to the order book, thereby making liquidity at the platform.

Serenity Exchange charges what they call flat fees, meaning that both the takers and the makers pay the same fee: 0.10%. These taker fees are quite in line with the global industry averages for centralized exchanges. Sure, industry averages have historically been around 0.20-0.25% but they now see new industry averages emerging around 0.10%-0.15%.

Serenity Exchange Withdrawal fees

Serenity Exchange has percentage based withdrawal fees (1.00%). This means that just as with the trading fees, the fee charged when withdrawing from the platform is a percentage of the relevant amount. For trading fees, the fees are a percentage of the traded amount. For withdrawals, the fees are a percentage of the withdrawn amount.

Essentially all crypto exchanges in the world have percentage based trading fees, but out of the 600+ exchanges we have listed in Exchange List (including those that have died and been moved to our Exchange Graveyard), only 15-20 have charged percentage based withdrawal fees. The rest have fixed fees (e.g. around 0.0005 BTC per BTC-withdrawal). So it’s quite unusual to have the withdrawal fee model that Serenity Exchange has.

With the fee model that this exchange has, when you withdraw small amounts, it is beneficial to you. If you withdraw 0.01 BTC, the withdrawal fee becomes 0.0001 BTC (very low and consumer-friendly). However, if you withdraw 10 BTC, the withdrawal fee becomes 0.1 BTC (ridiculously high). You should consider yourself whether this withdrawal fee suits how you trade or not.

Deposit Methods

In order to trade here, you must have cryptocurrency to begin with. The only asset class you can deposit to Serenity Exchange is cryptocurrency. However, if you really like Serenity Exchange but you don’t have any crypto yet, you can easily start an account with an exchange that has “fiat on-ramps” (an exchange where you can deposit regular cash), buy crypto there, and then transfer it from such exchange to this exchange.

License

Serenity Financial OÜ, № 14375212, 27.11.2017 Estonia, Rännaku pst12, Tallin, Harju county, 10917, Estonia  FVR000504 Providing services of exchanging a virtual currency against a fiat currency
FRK000420 Providing a virtual currency wallet service.

Contacts

For listing issues: listing@serenity.exchange

Customer support: clients@serenity.exchange