May 31, 2020
A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of LATOKEN consists of four parts: general information, fees, deposit methods and security.
LATOKEN is an Estonian cryptocurrency exchange. Estonia is actually the only country in the Baltics that has cryptocurrency exchanges. But there are more than one: BTCbear, Jubiter and Crex24 all come from Estonia.
LATOKEN does not explicitly state that US-investors are prohibited from trading. But if you’re from USA, you surely already know that you can never be too sure. Form your own opinion! (this review is not a legal opinion)
There is information about the company owning the exchange on the website of the exchange, which is always comforting. In this case, it is the Estonian company Payex OÜ, based in Tallinn.
LATOKEN Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at LATOKEN:
LATOKEN Trading fees
The trading fees charged by this exchange amount to 0.10%. These fees are below the global industry average (arguably 0.25%), although we are currently seeing a shift towards lower exchanges. 0.10% and 0.15% are becoming more common trading fee levels and thus slowly also becoming the new industry averages. In any event, 0.10% are not in any way above industry average.
LATOKEN Withdrawal fees
LATOKEN's withdrawal fee is 0.0005 BTC per BTC-withdrawal. This fee is a bit below the industry average. The global industry average BTC-withdrawal fee the last time we at Cryptowisser did a full-blown empirical study of it was approx. 0.0008 BTC per BTC-withdrawal. But today, we see more and more exchanges charging 0.0005 BTC per BTC-withdrawal, so one could argue that 0.0005 BTC is starting to become the new industry average.
All in all, this exchange’s fee levels are in line with, or even slightly below, industry average.
LATOKEN does not accept any wire transfer deposits, but it does accept deposits via credit card. If you need to find an exchange where you can also deposit via wire transfer, you can find one by using our Exchange Finder.
Seeing as LATOKEN at all accepts fiat currency deposits, it qualifies as an “entry-level exchange”, meaning an exchange through which new cryptocurrency investors can enter the cryptocurrency market.
When it comes to security at this exchange, LATOKEN boasts on its website about its various security features: