Best ICOs to invest

Author

Frederik Nielsen - page 2

Frederik Nielsen has 165 articles published.

Frederik Nielsen
I’m a freelance writer and full-time curious person. My main interests are philosophy, politics, art, culture, science, and how they’re all interlinked. When I’m not writing, I’m fronting a band, producing records, and making videos. I’m also currently working on launching a YouTube channel that will focus on culture and politics. I think blockchain technology is fascinating because of the huge potential it has to revolutionise not only the financial sector, but society as a whole.

ICO Marketing 101

in News by

ICO marketing 101

Marketing is another essential element of a successful ICO. If no one knows about your ICO, then no one will invest in it. This article will go through all the aspects of ICO marketing.

ICO marketing strategy

Before you begin, you should lay out an overall plan — and a budget. Determine which methods will yield you the best results and focus on them first.

Pre-ICO marketing

Your marketing efforts should start well ahead of the actual ICO launch. This phase includes building your website and social media channels, as well as networking in the crypto community.

Blogs and websites

Blogging on your website and guest blogging on other sites is a great way to get the word out. Consider writing articles on sites that are popular in the crypto-community, like Medium and Steemit.

PR and media

You should have an ICO press release ready for a PR and media outreach campaign. You can hire a PR agency or do the drive yourself, but expect to pay for your exposure regardless.

Community and social media

The crypto-community is where news spread the fastest. It’s therefore vital that you join crypto-related discussions on these platforms:

PPC ads

Although many platforms have banned Pay-Per-Click ads for ICOs, it’s not impossible to find a way to promote yourself on them. Google has recently relaxed their rules, and the other platforms will likely follow suit.

SEO strategy

Your website and blog content should be optimized for the right keywords. But keywords are only part of the SEO equation. You need to get as many other sites to link to your ICO website as possible to maximize SEO.

Email marketing

Email is still king in the marketing world, so it’s imperative that you build a nurture a mailing list. Make sure you take all necessary steps to avoid your emails being labeled spam. Ask your subscribers to whitelist you.

Bounties and airdrops

Running a bounty program alongside your ICO is an excellent way to both market your ICO, and get some extra human resources for your campaign. Airdropping tokens is also being used by many ICOs, but you’ve got to do it strategically.

ICO listing sites

Your ICO will gain a lot of credibility from being listed on some of the many ICO listing sites. ICObench and List ICO are examples of these sites — and ICOfriends of course!

Blockchain events

An excellent way to network with the crypto-community is to attend blockchain and cryptocurrency events. It will impress investors even more if you host your event, although this can quickly become expensive.

Post-ICO marketing

You’re not done marketing just because the ICO is over! Once your funding is secured, you need to keep your investors updated on your progress. Use your website and social media to maintain hype around your project.

ICO marketing services

If all this seems like a lot, you can always hire a dedicated ICO marketing agency to help you out. Hiring an ICO marketing firm will take a lot of the burden off your shoulders — but it can be costly.

ICO marketing checklist

To summarize, your ICO marketing campaign should involve the following:

  • Building a website
  • Networking in the crypto-community
  • Blogging and guest blogging
  • SEO and backlinking
  • PR and media outreach
  • Community building on social media
  • PPC ads
  • Email newsletters
  • Attending blockchain events
  • Offer bounties and airdrops
  • Getting listed on ICO list sites
  • Maintain hype after the ICO

How To Create An ICO Website

in News by

How To Create A Website For Your ICO

Having a dedicated website for your ICO is a must. All successful businesses have their website, and so should yours. Any potential investors will want to look at your ICO website before deciding if they’re going to fund your project. An ICO website is also an excellent way to keep all your information in one plane. Your site should include information about your project and the token you’re selling. An ICO website is also an opportunity to share the white paper and details about your team. Finally, you can link to your other social media channels like Telegram and Facebook.

Website languages

Most ICO websites will be in English, but many are also translated into Russian, Chinese, and Spanish to capture non-English speaking investors. Google Translate won’t cut it when you try to convey complex information, so having them translated manually is the best option if you want to go this route.

Homepage

The homepage is the first thing visitors to your ICO website will see, so many it counts. The homepage should be treated as a landing page in the run-up to your ICO. Give visitors to your site a snapshot of what’s going on in your business. Include things like a boilerplate of your project and a countdown timer until the ICO launch. The homepage is your opportunity to grab the attention of visitors and make them want to read more. Make it as attractive as possible.

Describing your project

Your ICO website should have all the relevant details about your project. It should not be as technical as your white paper, but it should give visitors an idea of what you do and what they can expect. You should include the following:

  • Aims of the ICO
  • Technological innovations
  • Roadmap
  • Where you are now

ICO token

Your website should most importantly tell visitors about your ICO token and why they should buy it. Include as much relevant information as possible, including the following:

  • Name
  • Ticker
  • Utility
  • Price
  • Bonus
  • Bounties
  • Airdrops
  • Total supply
  • ICO start date
  • ICO end date
  • Hard cap
  • Soft cap

Documents

Your ICO website should have a section with all the relevant documentation for your ICO and token. The documents section needs to include your ICO white paper, your project roadmap, as well as any legal documents.

Social media

Social media account connected to your ICO should also be visible all over your website. Include Telegram, Facebook, Twitter, Discord, Slack, and any other social media channels you use.

ICO team

The ICO team you’re working with should also be present on your website. Include names, photos, roles, backgrounds, and LinkedIn profiles for all team members.

How to tackle ICO website development

Hiring an ICO website developer is a good idea if you’re not comfortable coding the website yourself. You could use an ICO website template, but it will not make you look very professional. It’s better to invest in ICO website development services if you have the budget.

How do you create the best ICO website design?

To get a taste of what a great ICO website looks like, check out the examples below:

How To Write An ICO White Paper

in News by

What is an ICO white paper?

The white paper is the primary document that outlines your ICO project as a whole. It should clearly and concisely explain what your product is about, how your team is made up, and what your plans are. In essence, an excellent white paper consists of these parts:

  • Marketing copy
  • Technical specifications
  • Legal considerations

Why write an ICO white paper?

Your white paper can make or break your ICO. Investors like to have something concrete to read when deciding on whether or not to invest in your ICO. The white paper should explain your project and then sell it to them. Research into the effectiveness of ICO white papers clearly shows that it significantly influences investor decisions. The best white papers are written as a mix of informative content people enjoy reading and marketing copy that convinces them to buy.

What are the benefits of an ICO white paper?

There are many reasons to include a white paper in your ICO. It is one of the first things people will want to read to get a better understanding of what you’re trying to build. An ICO white paper does the following:

  • Addresses a problem and provides a solution
  • Looks professional and builds trust
  • Positions you and your team as experts on the subject
  • Creates more interest in your project

What should be included in an ICO white paper?

The white paper should be technical enough to include all details, but also be written in a way so everyone can understand it. Some ICOs prefer to write separate white papers for the marketing, technical, and legal aspects. Your primary goal is to use the white paper to convince people that your project is worthwhile. You need to demonstrate that you’ve researched the technology, the market, and the competition. You also need to show that you’ve made a plan for the future development of your business and that it’s scalable.

What to include in your ICO white paper:

  • Introduce the ICO and include a table of contents
  • Describe the problem you’re trying to solve
  • Explain how your ICO will solve the problem
  • Describe in-depth how your platform or system works
  • Explain how the tokens will work
  • Show how the funds raised from tokens will help you
  • Introduce your ICO team and advisory board
  • Outline your roadmap
  • Mention any terms and conditions

What makes a good ICO white paper?

There are many bad ICO white papers out there, so you want to make sure you make yours as impressive as possible. Make sure you do the following:

  • Write clearly and succinctly
  • Appeal to all the relevant audiences
  • Provide proof to back up your claims
  • Put effort into the design and layout

Should you use ICO white paper templates?

It depends. Typically, using templates and stock media is not a good sign, because anyone can do it. The point of your white paper is to show that you’re serious and resourceful business. It’s always better to produce a quality white paper to go along with your project. So many ICO white papers have sounded identical that an AI can create a convincing ICO white paper after reading 100 of them. There are also some ICO white paper generators online. None of these solutions are recommended. You’re better off writing it yourself or hiring a professional.

ICO white paper writing services

There are some ICO white paper writing services available due to the popularity of ICOs. Hiring an ICO white paper specialist can vastly improve the presentation of your project. ICO white paper writers can be a worthwhile investment, so remember to include them in your budget if you feel you need one.

ICO Law 101

in News by
ico laws

ICO law 101

Looking at the legal aspect of launching your ICO is perhaps the least fun part, but important nonetheless. It would be a shame to put so much work into designing a product, putting together a team, and marketing the entire project just for it to fall afoul of the law. The laws you have to abide by very much depend on your location, so it pays to do some research before you begin.

ico laws

Lawyers specilizing in ICOs

You might want to hire a legal expert to help you stay on the right side of the law. If you’re based in the United States, there are threee law firms that have begun specilizing in ICOs:

Corporate formation of your ICO

One of the first things you need to decide is how your company is going to be set up. Most ICOs tend to create two separate companies: one for operations and one for issuing the tokens. Separating the two aspects of your company with not only distribute the liability but also allow you to operate in two different jurisdictions.

How to choose the right jurisdiction

Where your company operates from will have a significant impact on the number of regulations you will have to deal with. Blockchain technology is still a relatively new concept, and not all local authorities have been working out rules to the same extent. Research each jurisdiction to determine which one has the most favorable conditions for your ICO.

Securities and commodities laws

The kind of token you’re offering investors and users of your product will also affect which laws you need to comply with. While the SEC has made clear regulations for security tokens, not all countries are at the same level of progress. Whether or not your token is classified as a security depends on the Howey test.

AML and KYC laws

Anti-Money Laundering (AML) and Know Your Customer (KYC) are the financial surveillance laws present in most, if not all, jurisdictions. These laws typically require you to ask your customers for official ID and proof of address to verify their identity. You are required to keep this information on file and share it with the authorities when asked to do so.

Crowdfunding laws

While ICOs are a relatively new concept, crowdfunding isn’t new. Therefore you might want to look into any local laws about crowdfunding, as that is basically what an ICO is.

Taxation

How you will be taxed on your profits will also depend on which jurisdiction you’re operating out of. Depending on the jurisdiction, your earnings might be taxed with sales or capital gains tax — or both.

ico laws

Advertising laws

The way you advertise your ICO token has to reflect the reality of it. If the language you use to promote your token makes it out to be a security when it’s not, then the authorities will notice.

Should you patent your ICO?

If the technology behind your ICO is revolutionary, then patenting is something you should consider. Not a whole lot of blockchain-based companies are patenting their solutions. Some legal experts have however suggested that ICO white papers could qualify as an Intellectual Property Disclosure.

How To Create An ICO Token

in News by

How To Create An ICO Token

Creating a digital token for your ICO is an important step. It’s in the name: Initial Coin Offering.

There are many platforms, like Ethereum and Stellar, that you can use to launch your own token. You can also build your own blockchain and use that to create a token.

Here are a few things you should consider regardless of which approach you decide to take.

Questions to ask yourself

Here are some questions to ask yourself before setting out to create your ICO token:

  • What is the overall aim of your business?
  • How will it benefit from blockchain technology?
  • Why do you need a token system?
  • What value does it bring to users?
  • Is it legally compliant?
  • Will it be possible to list the token on an exchange?
  • Who are your competitors?

What is the purpose of your ICO token?

Your ICO token should be closely related to the product or service you’re offering. There are three main types of ICO tokens.

1. Security tokens

A security is a very broad term that covers pretty much any asset that can be traded. In the context of an ICO, security tokens can represent tangible goods like gold and property. Make sure to read up on security regulations if you will be issuing these tokens.

2. Utility tokens

The Howey test requires tokens to meet three criteria in order to qualify as securities. Tokens that do not meet these criteria are usually considered utility tokens. Utility tokens tend to be an integral part of a blockchain platform or application that enables users to use it or enjoy premium benefits.

3. Equity tokens

Equity tokens are the latest in ICO tokens and function more or less like shares in an IPO. Investors will receive tokens that allow them to vote on decisions taken by the company running the ICO. Regulations for equity tokens are still unclear.

How much should the Initial Supply of Tokens be?  

You will need to decide how many tokens there will be, and how they should be distributed. Remember that you have several options:

  1. Private sale
  2. Pre-ICO sale
  3. ICO sale
  4. Post-ICO sale

You also want to allocate some tokens to your team and advisory board, as well as for business expenses and reserves.

How many funds you aim to raise will also help determine the Initial Supply of Tokens. Most ICOs have both a soft cap and a hard cap on how much they want to raise.

ico token

How to create your ICO token

The vast majority of ICOs use Ethereum (ETH) as their platform to generate tokens. There is, as a result, a lot of guides available on how to do just that. Creating a token on Ethereum can take as little as 20 minutes.

Alternatives have sprung up, due to the transaction limitations on the Ethereum network. One of those alternatives is Stellar Lumens (XLM), and there’s also guides on how to create a token on their system.

How To Build an ICO Team

in News by
ico team

How to build an ICO team

Many hands make light work, and you will need a team behind you to launch a successful ICO. Let’s have a look at some of the aspects of building an ICO team you should pay attention to.

What not to do

There are a lot of bad ICOs out there, and they make a lot of mistakes. That’s bad news for them, but good news for you — because you can learn from their mistakes.

Here are some red flags for investors:

  • Having a team with no track record
  • Not showing any information about the team
  • Lying about who is on the team
  • Making up fake people and fake track records
  • Having a large and frequent turnover of team members

Don’t make these mistakes, because investors will run away screaming. If you want investors to trust you with their money, they first need to trust you.

What to do instead

Your website and marketing collateral should include as much information about your ICO team as possible. The information should include, but not be limited to the following:

  • Names
  • Pictures
  • Social media links (particularly LinkedIn)
  • Examples of previous work

The more information you can provide, the more investors will trust you. They put their money at stake, but they know that the personal reputation of you and your team is too.

ico team

Who do you need on your ICO team?

Who you need on your ICO team will largely depend on the nature of your business. However, there are a few key roles that are essential to the majority of ICOs.

  • CEO/founder to manage the whole ICO
  • CTO/founder to come up with the ideas
  • CFO to manage the finances
  • COO to manage daily operations
  • Developers to write the code
  • Quality assurance to test the code
  • Designers to make everything look nice
  • Marketers to handle PR, social media, email campaigns, etc.
  • Advisers to guide the project with their experience

Having qualified and competent people in all these roles will be a large part of your success. An ICO is essentially a startup business, and it’s only as good as the people who work for it.

Where do you find an ICO team?

The million dollar question is where you find people to join your team. This can be a challenge if you’re not already part of the crypto-community. Fortunately, there’s the Internet. You could try contacting people directly on LinkedIn, or you could post a job ad on Upwork and find expert freelancers.

Here is a list of forums and websites where you can find potential ICO team members:

Join different conversations and find out who does what. As you get to know people, you will begin to discover some great candidates for your ICO team.

ico team

How do you find an advisory board?

Advisers are people with an excellent track record and useful experience you can benefit from. The advisory board is an external group of entrepreneurs, experts, influencers, and other people who can help steer your ICO in the right direction.

Finding them works in much the same way as finding the core team. Some people you try to recruit for the team might end up offering to be advisers instead. You should try to woo as many influential and experienced people with your ICO idea as possible.

A good advisory board will work wonders for your strategy, operations and marketing.

How To Create An ICO Product

in News by
how to create a product for your ico

How to create an ICO product

Although this should be self–evident, you would be surprised how many wantrepreneurs rush into launching their own ICO without considering what value they’ll bring to the public.

Product or service development is the most crucial step if you’re interested in launching your own ICO. With all the hype surrounding ICOs it’s easy to get excited, but without a solid product or service, your ICO will fall flat.

Not only does your business idea be good enough to persuade potential investors to fund it — you also need to win over users and customers after the ICO.

The tokens you sell during your ICO will quickly become worthless if no one is interested in using your blockchain platform or service.

If you’ve already read “Should You Launch An ICO?” then it’s time to have a look at what makes a successful ICO — the value you’re bringing.

What makes an ICO product good?

The same as what makes any other business idea good. As yourself the following questions about your product or service to determine if your ICO will do well:

  • Is it useful?
  • Does it provide value to the customer?
  • Does it solve a particular problem?
  • Is there a significant demand?
  • Will there continue to be a demand?
  • Is it scalable?
  • Will it be affordable enough to make a profit?
  • Will it be able to compete with other products?
  • Will cryptocurrency be an integral part of it?

You’ll be in a much stronger position once these questions have been answered.

how to create a product for your ico

What are some excellent examples of ICO products?

2017 and 2018 have spawned a string of interesting ICO products and services, so you will not lack inspiration. Some of the business ideas that have found success using the ICO model include:

  • Equities
  • Goods
  • Real estate
  • Fundraising
  • Futures
  • Credit
  • Time-based rentals
  • Service leases
  • Music
  • Art
  • Literature

It is possible to tokenize many things, and you shouldn’t be afraid to think outside the box. Just because no one else has tokenized a particular product doesn’t mean that you can’t do it.

Does your product have to be finished before the ICO?

Not necessarily. The more finished the product is before the ICO, the better. However, there have been successful ICOs where the developers have only produced an MVP or beta version of their product. The idea is to secure funding to further develop the product — investors are more likely to pitch into a finished design, however.

how to create a product for your ico

What should you research before an ICO?

You need to research everything related to the technical aspects of your product to make sure it works. You will also need to do some market research to see how many potential customers there are — and how many other companies are competing for them.

An excellent place to start is the BitcoinTalk forum — this is where most of the ICO talk happens. Get opinions on your ICO idea from the cryptocurrency community to get an indication of how popular it will be. Use the tag [pre-ANN] on your post to indicate that it’s pre-announcement.

Should You Launch An ICO?

in News by

Should You Launch An ICO?

ICOs are an excellent way for startup companies in the blockchain space to fund their innovations (Read: “What Is An ICO?”), and they’re becoming more popular every year.

All the success stories of ICOs raising millions is music to the ears of would-be entrepreneurs. If you’re one of them, you might want to consider doing your own ICO.

Before you jump into the action, however, you might want first to consider whether or not an ICO is right for you and your business model.

Is an ICO right for your business?

There are many ways to raise funds for a startup business. One of the traditional methods is to court venture capital firms in the hopes that one of them will make it rain money.

Although the venture capital route is still used by many entrepreneurs, the ICO model is becoming increasingly more attractive for blockchain-based companies.

Unless your business is related to blockchain technology and your product or service can incorporate digital tokens, you will most likely not benefit from using an ICO to fund it.

If, on the other hand, you’re building a blockchain-based service or product, then ICOs are pretty much the way to go in 2018 and beyond.

Hackernoon provided a simple flowchart you can use to see if you should ICO:

Should You Launch An ICO

Are there alternatives to ICOs?

There are, as mentioned, several alternatives to launching an ICO for your business idea. You can go the traditional venture capital route, but expect to compete with a lot of other startup businesses.

You can also attempt to crowdfund your business idea using other means, such as Kickstarter. There are also pitfalls to avoid if you’re going this way — less than 40% of Kickstarter campaigns reach their funding goal.

ICO startup funding

Now that you’ve determined whether or not an ICO is the best way for you to fund your startup company, it’s time to look at some of the other considerations you should make.

Apart from the method of investment and funding, an ICO is pretty much run the same way as any other funding round and business launch. It takes a lot of time, energy, resources, and marketing to launch a successful ICO.

There are also legal aspects to consider. ICO regulations are still in the works and relatively opaque in most parts of the world. It’s therefore wise to do some research into the existing laws and regulations as part of your preparations for your ICO.

Should You Launch An ICO

Why you should consider launching an ICO

ICOs are by far the fast, most efficient, and the most popular way for blockchain startup companies to fund their projects.

1132 ICOs has raised over $7 billion in 2018 alone.

That’s a lot of money, and you have every opportunity to get yourself a piece of that pie. Just remember that it takes money to make money, and running an ICO can easily cost tens of thousands of dollars in research, development, and marketing.

But if you’re successful, your company could be the next Ethereum or Ripple.

If you think an ICO is the right way to fund your business idea, then head over to “How To Create A Product For Your ICO” to learn what’s required.

What is an ICO?

in News by

What is an ICO?

ICOs have been around since 2013 and really picked up steam in 2017. But like so many other terms familiar to the crypto-community, an ICO is still an elusive term to the layperson.

ICO meaning

The acronym ICO stands for Initial Coin Offering and is essentially the blockchain version of a Kickstarter or GoFundMe campaign. It’s an excellent way for startups to crowdsource the funding they need to take their project to the next level.

How do ICOs work?

An ICO is in some ways similar to an IPO, which is an Initial Public Offering a business runs when it goes on the stock market. The main difference between an ICO and an IPO, however, is that investors in an ICO do not own shares in the company they invest in.

Instead, investors receive some cryptocurrency tokens proportionate to their investment. The hope is that the business project running the ICO will be a success and that the value of the tokens will sky-rocket as a result.

what is an ico

What happens after an ICO?

Once the tokens have become valuable, they can get listed on international cryptocurrency exchanges alongside all the big boys like Bitcoin and Ethereum.

Ethereum, by the way, started as an ICO (they raised $18 million in 2014 by selling 50 million Ether tokens), as did Ripple, Stellar, and some other now-prominent cryptocurrency tokens.

ICOs explained

2017 saw over 342 different tokens being released as part of ICOs that raised over $5.4 billion worth of funding for their projects. All that funding meant that ICOs overtook traditional venture capital funding as the preferred method of fundraising for blockchain companies.

That doesn’t mean it’s all peaches and cream, however. A study by Boston College found that more than half of all projects funded by ICOs failed within four months of being launched.

Are ICOs more likely to fail than other projects?

Well, no. Most startup businesses fail — that’s just a fact of life. ICOs are no more likely to fail than any other kind of business because ICOs are funding, well, businesses.

What makes an ICO become a success is the same things that many any other project a success. Is the project run by a competent team? Is it a good product or service? Will it satisfy the needs of its target market?

These are the aspects of an ICO you should look for if you’re considering investing — and the aspects you should work on if you’re considering launching your own ICO.

what is an ico

Benefits of an ICO

ICOs provide entrepreneurs in the blockchain space with a quick and efficient source of funding. Moreover, they retain full ownership of their company, compared with selling shares through an IPO. Investors have the opportunity to fund exciting and innovative projects on the cutting edge of technological development.

Risks of an ICO

ICOs can, like any other business, fail — and that means everyone loses their money. In that way, ICOs are no different from securing funding via venture capital firms. ICO investors don’t enjoy the same regulatory protection they would if they had invested in a more traditional way. Regulations will soon become more evident as more governments work out the kinks.

Interested in launching your own ICO? Read “Should You Launch An ICO?” to learn what’s involved.

How To Use The CEX.IO Exchange

in News/Use Bitcoin by

What is CEX.IO?

The CEX.IO cryptocurrency exchange was launched in London back in 2013 and doubled as cloud mining service until 2015. The exchange is one of the most popular ones today, which in part is due to its simplicity and ease-of-use. If you’re a beginner, then CEX.IO offers you an easy learning curve. If you’re a seasoned trader or institution, you won’t be disappointed either — CEX.IO has a fully customizable multi-level account system for you to dig into.

How to get started on CEX.IO

Go to the CEX.IO website and enter your name, email, password, and phone number to set up your account. This process also takes care of your two-factor authentication, so you’re secure.

How to set up payment on CEX.IO

CEX.IO is one of the few exchanges that allows you to use credit and debit cards as a method of payment. You’ll be asked to take a selfie with your payment card to verify your identity and card details. Verifying your card details can take up to 48 hours, after which you’re ready to start trading. You also have the option to make a simple bank transfer instead.

Fees on CEX.IO

Credit card deposits into your account incur a fee of 3.5% + $0.25. CEX.IO charges a flat rate of $10 for bank transfers. Which option is the cheaper one depends on the amount you’re transferring. CEX.IO also has a 7% service charge on all purchases made directly from them. Trading on the different markets incurs different fees. Some of the fees are as low as 0.2%, so it can pay off to shop around.

Transaction limits on CEX.IO

There are some limits you should be aware of when trading on CEX.IO. Te limits placed on you depends on the type of account you have.

Basic accounts require you to provide a copy of a government-issued ID, and lets you buy Bitcoin and Ethereum tokens worth $500 in one day, and a maximum of $2,000 per month.

Verified accounts require you to provide a government-issued ID as well as proof of residence, and will raise the limit to $10,000 per day and $100,000 per month.

Verified Plus and Corporate accounts have no limitations but require much more information to be submitted to verify the identity of you or your business.

Making withdrawals on CEX.IO

One of the key features on the CEX.IO exchange is the option to withdraw funds directly to your payment card. Although this is a practical feature, it does have some limits and incur some extra charges. You can withdraw €2,000 per day to your payment card, and maximum €50,000 per month. Withdrawals are charged a flat rate of $3.80 for Visa cards. MasterCard withdrawals are charged an extra 1.2% on top of the flat rate. Finally, it’s also possible to withdraw funds to your bank account. Bank withdrawals costs a flat rate of $50 per transfer. You can save a lot of money on fees by using Crypto Capital, which is a blockchain-based banking service. Crypto Capital reduces the withdrawal fee to 1%.

Want to learn more about the different cryptocurrency exchanges? Read our ultimate guide HERE.

cex

Go to Top