CryptoExchange is a leading marketplace for the purchase of luxury goods. The website lets users buy and sell various products, including domains, supercars, watches, and real estate, with their cryptocurrency wallet. The exchange charges competitive rates compared to its competitors, which makes it an attractive option for luxury products. Read out below CryptoExchange.com Review.
Users can browse through the CryptoExchange.com marketplace for free. When executing a market trade, users pay only 0.1% on a market trade and can take advantage of a 0.01% rebate on LP orders. Compared to other exchanges, rates will fall in the range of 0.25% to 0.5% on all orders. CryptoExchange offers a competitively lower rate by comparison.
There is a minimum standard fee for escrow services or $32.50 or 0.00000123 bitcoin on a purchase worth 1000 USD (at time of writing). The fees may change in proportion to the cost of the item. CryptoExchange provides users with a value calculator to estimate exact prices. Comparable exchanges charge 3.25% on a $10.00 minimum, which is par with CryptoExchange’s rates.
CryptoExchange is a marketplace for luxury items. Since the platform uses escrow services for transactions, users have an added level of security when engaging with a counterparty. Buyers transfer funds from their wallets to CryptoExchange’s website. They are then held in escrow until the Buyer and Seller meet the terms of the agreement they specified.
To create an account – users provide an email and password.
Other than offering a marketplace for luxury goods, CryptoExchange offers an exchange for users to purchase bitcoin, Litecoin, Ethereum, and XRP. To do so, users can select “buy” to fund their account with a debit or credit card. Fees are 0.1% on market trades and include a 0.01% rebate on LP orders.
Overall, most customers are happy with the services that CryptoExchange provides; currently, no users have reported major issues about the platform’s usability. The platform correlates the positive feedback to the availability of escrow services and the ability for customers to review the product before they accept it. Customer reviews eliminate issues with transacting on the blockchain since they’re irreversible, and CryptoExchange can’t modify or cancel a transaction once users have sent funds. As a result, CryptoExchange is limited in troubleshooting due to the irreversibility of the blockchain. Therefore, users are encouraged to leverage the escrow services provided if there is a potential for errors in the transaction.
For any additional questions that may arise, the customer service team answers many of the answers to commonly asked questions in the learning center. However, for account-specific questions, email and phone support are available.
CryptoExchange Mobile App
Currently, CryptoExchange doesn’t offer a mobile app for its users. However, users can easily browse the website on a mobile device since the website has been optimized for mobile browsers, making it easy to use on the go.
CryptoExchange Overall Rating
CryptoExchange is a leading marketplace for luxury goods, supporting one of the widest varieties of watches, domains, supercars, and real estate. The platform is easy to use and cost-effective for issuing cryptocurrency exchanges and escrow services.
The platform offers four popular cryptocurrencies which can be purchased and used in transactions all within the same platform. Although no mobile app is available yet, the platform is still expanding its offerings and regularly updates.
CryptoExchange vs. Competitors
For most collectors, the biggest advantage of using CryptoExchange is the variety of products and services offered. CryptoExchange has the most diverse group of offerings available for users to purchase, including Astronomia Art Dragon Baguette Meteorite, properties from around the globe, and even domains.
Another advantage CryptoExchange has over its competitors is its appeal to novice users. In addition to being a marketplace, the platform also acts as an escrow service and cryptocurrency exchange. Users can purchase bitcoins, Ethereum, Litecoin, and XRP using wire transfer or credit card. Coins can be held in storage on the exchange until users are ready to initiate a transaction.
Advantages of Using CryptoExchange
- CryptoExchange is secured by professional escrow services, reducing the risk of fraudulent transactions.
- The CryptoExchange platform offers low fees for all of its services.
- Users can easily purchase luxury goods with cryptocurrency even without knowledge of blockchain or bitcoin.
- Cryptocurrency coins, including bitcoin, Ethereum, XRP, and Litecoin, are available for users to purchase.
Advantages of Using Other Platforms
- The goods a user might be looking to purchase may not yet be available on CryptoExchange. That said, Sellers list new items frequently, so the variety of offerings can expand.
- Some platforms may offer a greater variety of cryptocurrencies.