Are you looking for a crypto exchange with attractively low transaction fees? Do you want to earn interest from your crypto coins? This Trade.io review will outline everything you need to know about the platform, and in doing so, discuss why it could be your exchange of choice.
Trade.io is an easy to use cryptocurrency trading platform built for both novice and veteran traders. It’s a centralized crypto exchange that launched in January 2018. The crypto exchange has its headquarters in Hong Kong and has been quickly gaining global popularity as a go-to platform for crypto-to-crypto trading.
Getting started at Trade.io
Setting up an account
Setting up on Trade.io is easy as 1-2-3. Click here to get started with a Trade.io account. All you need to register is an email address, a username and a password. Trade.io will first need to confirm your email before continuing with the verification process.
To ensure compliance with regulations, the platform requires that users provide identification documents before any withdrawals are made.
If you feel uncomfortable providing these Know Your Customer (KYC) documents, then Trade.io may not the platform for you.
Funding your account
One of the best features of Trade.io is that it allows users to fund their accounts using credit or debit cards. Everyone loves a fiat gateway! New traders often find the onboarding process complicated. The use of credit cards on the platform helps to reduce this barrier.
To buy crypto with your credit card, log in to your Trade.io account and visit the “Balance” page. Find the cryptocurrency you wish to buy, and click on the credit card logo or the deposit button next to your selected coin, which results in a pop-up screen appearing in the screen.
This pop-up screen allows you to choose the number of dollars or Euros you wish to deposit and gives a quote of coins equivalent to your chosen amount. When using your credit card, the minimum deposit amount is 50 USD, while the maximum is 20,000 USD.
Trade.io gives its users the choice of four popular cryptocurrencies such as:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
To proceed with the transaction, click continue and you will be redirected to the Simplex website, where you are required to fill in some personal information which includes your email address, phone number and billing address. After completing this process, you will receive a verification email and a 4-digit verification code on your phone.
After verifying both your phone number and email, you’ll then be required to enter your credit card information, after which you are redirected to the purchase page. From here all you need to do is enter your password, and congratulations, you have now funded your Trade.io account using your credit card.
You can also deposit funds to your Trade.io account directly from your crypto wallet. After clicking on the deposit button, choose “Wallet,” and then enter your wallet address, as well as the amount you wish to deposit.
Trade.io provides very helpful videos on how to deposit funds to your account. However, the platform is so easy to navigate that we did not need to use the videos – always good to have a backup though!
Now that you’ve funded your account, let’s see how to make money on the platform.
How to trade on Trade.io
Trading on Trade.io is a straight-forward process. Once the funds are deposited in your account, select “Trade” to load the trading screen.
On the right-hand side of the trading screen, select your trading pairs. Trade.io offers a variety of trading pairs including BTC/USDT, BCH/BTC, BCH/ETH. LTC/ETH, among others
To place a buy order, click on the green “Buy” on the top of the trading screen, and a pop-up window will appear in the middle of the screen. Click on the 25%, 50%, 75% or 100% buttons at the bottom of the pop-up screen to select the amount of currency you wish to purchase.
The amount of your chosen cryptocurrency (In this case BTC) is automatically filled in. Click on the buy button and your order will show on the order list at the bottom of the screen.
Why Choose Trade.io
Do you want to earn a passive income from your crypto? If yes, Trade.io is the crypto exchange for you.
One of the unique features and perhaps the most exciting option in the platform is the Liquidity Pool. The liquidity pool allows users to earn daily interest on TIO tokens (Trade.io native token). Users who hold more than 2500 TIOx’s are assured of a daily interest paid directly to their wallets. The more Tiox’s you have – the more interest you earn! You can withdraw your coins from the liquidity pool at anytime without loosing gains.
Low Transaction Fees
Some crypto trading platforms charge excessive fees which eat into your hard-earned profits. Trade.io understands the importance of lowering trading costs, which is why the platform does not charge deposits, nor does it apply a maker fee. The platform only charges a 0.1% taker fee and some withdrawal fees which are not as high as other crypto exchanges.
Diversity in trading options
Trade.io offers a wide variety of coins for trade, including BCH, LTC, ETH, ATOM, XEM, GAS, ZRX, XLM, BAT, and ETH among others. These coins are traded against the TIOx, BTC, USDT, and ETH. The platform also recently added an option for fiat trading.
Trade.io and a user-friendly Interface
One of the best features of the platform is its simple and intuitive web platform. We were able to easily navigate through the site and make trades in a very short time.
The platform offers simple charts, cool widgets and has tutorial videos to help you out in case you get stuck.
Trade.io review – full features of the platform
Trade.io review – wrapped up
Based on our Trade.io review evaluation, Trade.io is undoubtedly an accessible and user-friendly cryptocurrency exchange for both newbie and veteran traders. It offers great fees, a diverse selection of digital currencies to trade from and a chance to earn passively from your crypto tokens.
Keep checking back on this post, and we’ll continue to keep you updated on how the exchange is evolving.
If you’re interested in giving this one a try, head over there on the link below: