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Topic
Board Service Announcements
Re: [ANN] CryptoRadar Exchange
by
mtl1979
on 17/09/2023, 21:29:38 UTC
Centralized exchange
  • Any information about its license and the team behind it?
    - While you're at it, you might want to create the following pages as well: FAQ, TOS, and stuff like that...

  • Why should someone use your newly created platform over the established ones?

I'm already working on FAQ section, it's not online yet.

Whenever someone says cryptocurrency exchanges require license or have it, it's mostly misinformation. I've seen more than one exchange use same license number that I verified was fake from Estonian police. Only cryptocurrency exchanges that allow FIAT deposits and withdrawals require a license. The whole team is online on the official Telegram channel. Some of the team members use their real names, some of them don't, but that's how cryptocurrency world works. The owner's real name is mentioned in the whois information for the domain.

What comes to ToS, there is only one thing that is forbidden, sending lots of small deposits. This essentially means mining directly to exchange deposit address.

CryptoRadar Exchange lists a lot of less known coins that have been around for many years, but also lists coins that attract bigger traders. It's one of the few smaller exchanges that allows multi-chain currencies from the launch and plans to extend the support for more token types and blockchains. The main advantage is really low listing fees as the operating costs of the exchange are in big part covered by the owner himself.

A lot of exchanges listed on CoinMarketCap have inflated trading volumes, but all the trading in CryptoRadar Exchange is real as there is currently no API for bots to use and the trading engine limits both the minimum and maximum amount that can be traded in single order. There is also delay between each order to make it really hard to use any script to create large number of orders.