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Cryptal Exchange is a rapidly growing crypto trading platform that was launched in 2020. It positions itself as a customer-centric service provider with a strong focus on creating a secure and user-friendly environment for global traders. In this review, we will explore the core features of Cryptal Exchange, highlighting its strengths and weaknesses.
Cryptal offers two main trading options:
Currently, Cryptal supports 9 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Matic, Chainlink, DAI, Bitcoin Cash, and Shiba Inu, with a total of 16 trading pairs. This selection is more limited compared to other crypto exchanges.
Cryptal charges a flat fee of 0.25% for both takers and makers. This fee structure is less competitive compared to other established exchanges.
Users can deposit funds via crypto and fiat using methods such as local bank transfers, international wire transfers, and Visa or Mastercard cards. Cryptal does not impose additional fees on deposits made via local banks, wire transfers, or cryptocurrencies. However, card deposits are subject to a flat 3.00% fee. Withdrawal fees vary depending on the method and currency used.
The minimum withdrawal amount via wire transfer is $100. Trading on Cryptal's professional trading terminal requires a minimum of $5, while the instant trade channel has a minimum tradable amount of $50.
Cryptal prioritizes security and offers 2FA (two-factor authentication) for added protection. The exchange complies with ISO 27001 information security standards and the Cryptocurrency Security Standards (CCSS).
Cryptal claims to be available globally but is prohibited in certain countries, including the United States of America and others listed in the review.
Cryptal requires users to comply with KYC (Know Your Customer) regulations, necessitating the submission of identification documents for account verification.
Cryptal provides a range of customer support options, including email support, phone support, and a support page with FAQs. The exchange also integrates Facebook's Messenger for live chat support.