If you wish to sell or buy Bitcoin or Ethereum but have no idea where to do it, this review will let you know if the Caplita exchange will help you.
Today, there are many digital currency exchanges, and each of them has its advantages and disadvantages. Some offer a wide variety of different coins but have a reputation for not being the safest.
On the other hand, while others have only a few popular coins on the platform, there is no doubt about their safety. Because of this, sometimes it’s too difficult to make the right decision. Fortunately, in this guide, we will analyze whether the Caplita crypto exchange is worthy of your attention!
In this review of the most reliable cryptocurrency exchange, we will cover the following topics: what the Caplita exchange is, the advantages and disadvantages of the platform, and, of course, the fees for carrying out transactions on the platform.
We have a lot to discuss, so let’s start with the most important thing – what is the Caplita exchange!
Caplita: Quick Overview
The young exchange has been operating on the market since 2018. It is actively developing and trying to be useful for traders worldwide. It can rightly be called one of the safest cryptocurrency exchanges.
Caplita works with large investors and private traders. The interface is available only in English, as it is aimed at large traders from the United States and the rapidly developing countries of Europe and Asia. The exchange is licensed to provide digital asset exchange and custody services.
With the help of this exchange, you can participate in auctions that are held daily. Caplita works with clients in the US, Canada, UK, Puerto Rico, Hong Kong, South Korea, and Singapore.
Cryptocurrency Selection and Trading
The exchange works with 21 cryptocurrencies, while the most popular are Bitcoin and Ethereum. To purchase one of the cryptocurrencies, you need to select the desired pair from the list on the website and click “Buy.” Then you need to choose the quantity and enter the amount.
Funds Deposit
You can deposit and withdraw funds only in dollars using a bank transfer. It is worth mentioning that the transfer amount should not exceed $500. The bank transfer for withdrawal is $100,000 per day.
Commissions
The Caplita exchange does not charge any commission for depositing and withdrawing funds. Therefore, all payment methods are free when using the platform. However, bank transfer fees may apply. Furthermore, there are fees of 0.25% for trading on the exchange. In addition, users will need to pay a network fee if they wish to deposit with cryptocurrency.
The Caplita fee is slightly different from what other digital currency exchange platforms offer. First, it depends on your 30-day trading volume. There are six commission levels in total, starting from beginner traders to those who work with large amounts of cryptocurrencies. Every day, at midnight UTC, the commission for each trading pair is recalculated.
Caplita Advantages
- Additional security measures – only a tiny percentage of crypto coins on the Caplita exchange are held online. Most of it is stored in an offline depository to minimize the potential consequences. However, it doesn’t mean that you should keep your crypto coins on it for a long time.
- Dollar accounts are secured by the Federal Deposit Insurance Corporation and are kept in one of the top-tier banks.
- Caplita is fully official and compliant with banking standards. It makes it ideal for both corporate and individual clients.
- Excellent customer service. Caplita have a blog and a lengthy FAQ tab with answers to common questions. If such sources are not helpful, you may describe your issue in an email. The support representative of the platform usually replies within a few hours.
- Attractive and user-friendly design. The main feature is a straightforward user interface suitable for novice and more experienced users.
- Low fees when exchanging crypto assets. Cryptocurrency, bank, and direct payments are free. More importantly, the first 30 withdrawals per month are also free.
Caplita Disadvantages
- Registration requires a lot of personal data. It’s because the project team wanted to make this exchange as legally compliant as possible.
- With high trading volumes, users sometimes face issues due to a lack of server capacity or DDoS attacks.
- Limited selection of deposit methods.
- Limited choice of crypto coins to buy.
So, that’s it for this Caplita review. With all your current knowledge of the Caplita exchange, do you think you will use the platform to purchase and sell cryptocurrencies in the future? Share your thoughts in the comments!
