Blocktrade offers zero-fee trading for most cryptocurrencies in its Marketplace. With a minimum trade amount of 10 EUR, this exchange has a native token called BTEX that yields APY up to 6% to its holders through a passive earning program.
Blocktrade Company Information and Licenses
Blocktrade.com exchange platform is owned by Blocktrade SA, a Luxembourg-based entity registered under the number B248375 and was founded in 2018. The company operates through two main subsidiaries:
- Blocktrade S.r.l. (Reg: 12528050961) with OAM License (No. PSV71) at Via del Lauro, 9 20121 Milano MI, Italy
- BlocktradeOperations OÜ (Slovenian Branch), registered under the number 9204911000 with Slovenian License in Štihova ulica 13, 1000 Ljubljana, Slovenia
These branches are registered as VASP in mentioned countries.
Blocktrade Summary of Details and Specifics
Similar to the reviews of other crypto exchanges, in this section we go on an overview of key features available on Blocktrade:
Exchange | Blocktrade |
Launch Date | 2018 |
Levels | Unverified, Verified |
Trading Fees | Zero in Marketplace, 0.3% in Model Trading |
Restricted Countries | All Countries Except EU |
Supported Coins | 50+ |
Futures Trading | None |
Minimum Deposit | Varying for Crypto, 3 EUR for Fiat |
Deposit Methods | Bank Cards, E-wallets, Crypto Transactions |
Withdrawal Methods | Bank Cards, E-wallets, Crypto Transactions |
Maximum Leverage | 1x |
Minimum Trade Amount | 10 EUR |
Security Factors | 2FA |
Services | Passive Earning With BTEX |
Customer Support Ways | Email, Ticket |
Customer Support Hours | Monday to Friday, 8:00 to 20:00 CET |
Fiat Deposit | Yes |
Affiliate Program | None |
Orders Execution | Market, Limit |
Native Token | BTEX |
User Levels Model
As examined by our team, Blocktrade does not have any complex user tier systems for verification on its platform. Actually, there are only 2 levels: Unverified & Verified. Most features and services are available only to verified accounts.
Blocktrade Exchange Trading Commissions and Other Costs
This exchange boasts an attractive pricing structure with fair fees:
- Zero-fee trading in the marketplace for most coins
- 3% fee for exchange model trading (0.25% for BTEX and ECS)
- No crypto deposit fees
- SEPA fiat deposits incur a commission that is 0.15% of the transaction volume, starting from 2 EUR
- Deposits made via credit/debit cards charge 2% of volume
- Crypto withdrawal fees vary depending on the cryptocurrency
- Withdrawing in fiat comes with a 0.15% fee (at least 2 EUR)
However, the lack of discount for high-volume traders could disappoint some users.
You can use a crypto profit calculator to estimate your trades' outcomes by taking trading fees into account.
Available Assets for Trading in Blocktrade
Blocktrade offers a mediocre selection of over 50 cryptocurrencies, including:
- Bitcoin (BTC)
- Ethereum (ETH)
- BTEX (native token)
- eCredits (ECS)
- Decentraland (MANA)
- Polkadot (DOT)
- Cardano (ADA)
- And so on
While the selection is not as extensive as some larger exchanges, it covers the most popular digital assets for trading.
Any Futures/Margin Trading Options Available?
As of the latest information obtained from sources, Blocktrade does not offer futures or margin trading. The platform focuses on spot trading for cryptocurrencies.
For traders looking for these advanced features, it's worth noting that many established crypto exchanges do offer futures/margin options.
Blocktrade Registration and Verification Tutorial
Creating an account on this exchange is an easy process:
- Visit the website and click on "Register" at the top of the page;
- Fill in your email address and set a strong password (alternatively, continue with an Apple account);
- Enter your name, date of birth, gender, and country of residence.
Your account will be created on Blocktrade. To verify, provide additional information and required documents.
Security Factors and Measures
We investigated the company’s website and didn’t find much information about the safety measures on its platform. The only thing we found about is 2-fator authentication, which is present on most exchanges in the industry.
Funding Options and Withdrawal Methods on Blocktrade
This exchange supports a total of 6 common payment methods in 3 categories:
- Bank Transfers: SEPA for EU users
- Credit/Debit Cards: MasterCard, VISA
- E-wallets: Apple Pay & Google Pay
- Cryptocurrency Transactions: Direct deposits/withdrawals of supported digital assets
Blocktrade Exchange Trust Scores
Per our investigations, Blocktrade’s profile on ScamAdviser and other websites show a general happiness:
- Trustpilot: 3.7 out of 5 based on 330+ reviews
- ScamAdviser: 100/100 Trustscore
These scores suggest that while Blocktrade has room for improvement, it maintains a generally positive reputation among users and independent assessment platforms.
Copy Trading and Passive Earning Options
Currently, Blocktrade does not offer copy trading features. However, it provides a passive income opportunity through holding its native token, BTEX. Key Specifications:
- Minimum 3,000 BTEX required
- Starts with a 3% APY but increasable up to 6%
- BTEX balance checked on 5th day of each month
Writer's Opinion and Conclusion
Blocktrade accepts fiat deposits through 3 payment methods [bank transfers, credit/debit cards, e-wallets]. This exchange, offering more than 50 cryptocurrencies, has received an average of 3.7/5 from 330+ users on the Trustpilot website. ScamAdviser has given a 100/100 Trustscore to the platform.