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 principal 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 the mentioned countries.
Blocktrade Summary of Details and Specifics
Similar to the reviews of other crypto exchanges, in this section, we provide 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 |
Noteworthy Advantages and Disadvantages
We will mention some of the important benefits and drawbacks of trading with Blocktrade in this section:
Advantages | Disadvantages |
Zero-Fee Trading in the Marketplace | Limited Cryptocurrency Options Compared to Larger Exchanges |
Licenses from Italian and Slovenian Organizations | No Futures or Margin Trading Available |
User-Friendly Interface | Customer Support Limited to Business Hours |
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 the 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 a 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 markets 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
Opening an account on Blocktrade is a simple process tailored for both retail and institutional participants. The onboarding integrates essential identity verification aligned with KYC/AML requirements and prepares users for immediate access to digital assets trading through a secure platform.
#1 Create Your Login Credentials
Go to the official Blocktrade website and click “Register”. Sign up using your email and a strong password, or opt for a social login via your Apple ID for quicker access.
#2 Submit Personal Details
You’ll be asked to enter your full name, date of birth, gender, and country of residence, all mandatory for regulatory compliance and account identity setup.
#3 Verify Your Identity
To activate trading, upload the necessary KYC documents (passport/ID card and proof of address). Once verified, you’ll gain full access to the platform's crypto trading services, including spot markets and wallet features.
Blocktrade Platform and Applications
The mentioned exchange offers a trading platform with an intuitive interface, analytics tools, and a secure terminal. This terminal is available on the web and mobile, and has 2 applications:
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 is 2-factor 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 shows 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.
Blocktrade Features
The reviewed exchange focuses mostly on trading capabilities and options rather than additional products:
Staking | No |
Yield Farming | No |
Social Trading | No |
Launchpool | No |
Crypto Cards | Yes |
Blocktrade Support Department
The company has a limited selection for contacting customer support with only 2 options:
- Email: support@blocktrade.com
- Ticket system: Available through the user dashboard
As stated on the official website, support agents are available from Monday to Friday, 8:00 to 20:00 CET.
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 increases up to 6%
- BTEX balance checked on the 5th day of each month
Blocktrade Restricted Countries
This exchange has a long list of regions that are not accepted. To be precise, it accepts clients only from the European Union.
Therefore, users from regions such as the US, the UK, Japan, Canada, etc. are not accepted.
Blocktrade Against the Competition
Here's a table evaluating the exchange's specifics and services in comparison to the top platforms in the crypto market:
Features | Blocktrade Exchange | OKX Exchange | HTX Exchange | LBank Exchange |
Number of Assets | 50+ | 7800+ | 700+ | 700+ |
Maximum Leverage | 1x | 1:12 | 1:200 | 1:125 |
Minimum Deposit | Varying for Crypto, 3 EUR for Fiat | N/A | $1 | Varies by Cryptocurrency |
Spot Maker Fee | Zero up to 3% | -0.01% - 0.14% | From 0.02% | 0.02% |
Spot Taker Fee | Zero up to 3% | 0.03% - 0.23% | From 0.02% | 0.02% |
Mandatory KYC | Yes | Yes | Yes | No |
Futures Trading | No | Yes | Yes | Yes |
Mobile Application | Yes | Yes | Yes | Yes |
Fiat Payment | Yes | Yes | No | Yes |
Staking | No | Yes | Yes | Yes |
Copy Trading | No | Yes | Yes | Yes |
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.