The online exchange called Exchange Point markets itself as the home of cryptocurrency and a way for traders to experience a shared vision and culture by doing what they love: trade crypto. Their belief is that decentralized cryptocurrencies are slowly changing the way our world works and that physical money will soon become a lot rarer than they are today. They think that simplicity means sophistication and their main goal is to offer clients an impeccable crypto trading experience that goes way beyond what anyone can expect. With them, it’s all about trading fast, easy, and secure. This review will offer you more details on what Exchange Point offers and what you can expect from this online crypto-based exchange, in case you are thinking of joining its ranks.
Who is Exchange Point?
The team behind Exchange Point is professional, experienced, and dedicated to all things crypto. Waypoint Ventures OÜ, the network’s EU parent company, owns and operates Exchange Point as a crypto-only platform. It has two licenses from the Estonian Financial Intelligence Unit and promises to be the easiest way to purchase cryptocurrencies using only a credit card. Verify your account using their fast and easy KYC process to gain access to trading on more than 50 cryptocurrency pairs. To get started, make a deposit with either any major cryptocurrency you’d like or with your Mastercard or VISA debit/credit card.
Exchange Point is a portal that is completely automated. The cryptocurrencies are immediately sent to the customers as soon as their payment is verified. This technology enables the exchange to provide its customers with the best and most timely support in the industry. The team provides you with an easy-to-use interface, very advantageous exchange rates, and stable transfers. Their platform and services have been developed to meet the standards of the General Data Protection Regulation (GDPR) in order to provide an adequate degree of personal data security to all customers.
Is Exchange Point a fully-regulated crypto exchange?
Exchange Point is an Estonian corporation that has a financial service operating license and offers services such as trading virtual currencies for fiat currency and offering a virtual currency wallet. Exchange Point strives diligently to ensure that they always abide by all relevant laws and rules, regardless of their clients’ residency or country of origin. So yes, ExchangePoint is a fully-regulated crypto exchange that you can trust with your money and personal data. Exchange Point places a high value on safety. They only operate with the most reliable exchanges and are protected by the most reputable cybersecurity service providers.
Exchange Point takes confidentiality very seriously, so all customers should be reassured that their personal information can never be affected.
How can I get started on buying crypto?
The entire process is extremely easy on Exchange Point and we will explain it briefly so everyone can fully understand it. The first step is to access the official website of the exchange and click on the blue Register button at the top right side of the screen. After that, you will have to register for an account by filling in your personal details and establishing a strong password. The entire registration form is extremely simple and it takes only a few minutes to complete.
After that, you should verify your recently-created account. Once it has been registered, you will need to answer a few simple questions that are part of a security questionnaire. Uploading color copies of your personal documents is the next step and it’s a mandatory one. This is only for security reasons so that the exchange can identify you and keep your data and other people’s data safe. You will need to provide a proof-of-identity and proof-of-address and a copy of your credit/debit card (with the middle four digits erased), in case you want to make a deposit too.
Finally, you can now fund your account using any method you’d prefer. Once your account has been fully verified, you will be notified via e-mail and you can start trading.
What about fees and rules?
When it comes to Exchange Point’s fees, they will all be fully visible to you before making any exchanges. However, the exchange rate for trading crypto through an account is calculated by the spread for each cryptocurrency as it exists on the official ExchangePoint website, which is affected by the scale of the said transaction, market volatility, and other market factors. The exchange charges a 5% fee when exchanging FIAT (USD/EURO) currency for cryptocurrency, and a 1% fee when exchanging one cryptocurrency for another.
There is no default charge for using Exchange Point’s services and/or virtual wallet. Transferring cryptocurrencies from or to Exchange Point’s virtual wallets incurs network transaction costs, miner fees, and other processing costs. To pay these expenses, the exchange charges a regular 0.2% fee per loan. When submitting crypto to an external wallet, the minimum transfer rates are added automatically. All the minimum transfer fees are clearly displayed on the official website.
You can exchange crypto using Exchange Point’s web-based platform as well as their mobile app, so you can stay ahead of everyone while traveling. The web-based platform doesn’t require downloading and installation and it’s fully compatible with both Windows and Mac systems and with all current-generation computers. The mobile app can be downloaded for free from any Android or iOS app store in just a few minutes and used with only a secure internet connection and a mobile device like a smartphone or a tablet.
How can I fund my account?
The exchange only accepts USD and EUR as fiat currencies but there are over fifty crypto pairs that you can work with, including the most popular ones. To fund your Exchange Point account with a fiat currency, go to My Wallets, pick the wallet you want to fund, and then press Deposit. A new window will open in which you must choose your deposit type and fill out the form below, including the sum you want to move. Then just choose Add Funds.