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eToroX Exchange Review & Tutorial 2021

eToroX Exchange Review & Tutorial 2021

The eToroX exchange is aimed at slightly more experienced traders as the exchange platform itself is more advanced compared to the eToro trading platform.  But if you are new, you’ll find that once you get your head around it there’s a wider range of crypto assets and stable coins with more competitive fees and trading options available to you.

In this eToroX exchange review for 2021, we’ll take a look at the exchange, fees, supported cryptocurrencies, and support.

What is eToroX?

eToroX was launched in 2019 and is the crypto subsidiary of eToro. Built almost as a bridge between the traditional financial sector and the crypto space. eToroX offers cryptocurrencies such as  Ripple, Ethereum, Bitcoin, Bitcoin Cash and Litecoin. Plus they have a number of stablecoins, which are pegged to various world currencies and gold and silver.  Which include like GBPX, EURX, GOLDX, etc.

eToroX Exchange

To get started, you’ll need to have completed the verification process in your eToro trading account. Then you can sign into eToroX Exchange using your eToro username and password.

To sign-up to eToro Trading Platform and start trading cryptocurrencies, click here.

eToro Wallet

You can transfer your crypto between your eToro Wallet and eToro’s advanced crypto exchange, eToroX.

eToro’s own wallet is custodial, therefore you won’t have access to your private keys, nor full control of your funds. Therefore eToro will ultimately control your funds. But their wallet supports over 120 cryptocurrencies. You can easily store, receive and transfer your crypto into their wallet, as well as swap.

eToro Wallet

eToroX Fees

eToroX fees are all based on your monthly volume and on a maker/taker model. In tier 1, you’ll be paying 0.10% for maker orders and 0.24% for taker orders.

You’ll come across maker and taker fees a lot in exchanges. So in case your not aware of what these are, I’ll quickly explain.

Fees with EToroX

If I place an order at the current market value and is therefore completed immediately, I am deemed as a taker of the market as I am taking the current market price and my fee is therefore 0.24%.

However, if I were to become a maker of the market and define a new price that is not immediately matched by an order on the order book than I will pay less, at 0.10%.

Deposit and Withdrawal Fees & Limits

eToroX allows deposits in crypto, stablecoins (that are pegged to various world currencies) and USD. However, for those who aren’t day traders (like myself) it might not work for you as the minimum deposit is $10K. Plus, the same applies for withdrawals too so just be aware of that before you start trading for USD then get your funds stuck.

For crypto assets, there is no minimum deposit required and the likes of Bitcoin can be deposited using a QR code and wallet address.

In terms of withdrawals, the fees that you’ll be paying are based on the asset your withdrawing. You can check out their withdrawal fees and limits on their fees page.

eToroX Withdrawal Fees

eToroX Supported Cryptos

eToroX supports the likes of Bitcoin, Stellar, XRP, Tron, Cardano, EOS, Litecoin, Ethereum, Dash, ZCash, Neo, IOTA, Binance Coin and many different stablecoins.

Stablecoins

eToroX is mostly just crypto to crypto exchange. You can deposit US Dollars but only amounts greater than $10K. Rather than use FIAT currencies to trade with, eToroX uses stablecoins pegged to various world currencies and metals including ; EURX (Euro) , GBPX (Great British Pounds), CADX (Canadian Dollars), NZDX (New Zealand Dollar), GOLDX (Gold), SILVX (Silver), etc.

These ERC20 tokens are issued by eToro Digital Assets Ltd. (an eToro subsidiary).

eToroX stablecoins

eToroX Support

One of the biggest downfalls is eToro’s support, with no live chat, any issues can potentially take days to resolve.

I personally had an issue when depositing my BTC into eToroX. After a few days of my funds not appearing I had to contact support for help. So with no live chat, I contacted customer support via email (through their site) which provided me with a 7 day response time. Unfortunately, this was over the Christmas period and I didn’t receive a response within the 7 day period.

eToroX Support

I did however get a quicker response from eToro via Twitter. Although eToro will respond quicker via Twitter, they are limited in what they can do and will refer you to their online customer support. However, they did manage to escalate my query because it had taken over two weeks for a response.

Not having your issues resolved in a reasonable timeframe can quickly lose the support and trust of a customer, however small that query may be. This is something eToro will need to resolve if they want to become a major player in this market.

etoro twitter support

Is eToroX Safe?

The eToroX exchange offers a trusted and secure crypto trading platform. They are licensed and regulated by the Gibraltar Financial Services Commission under the Investments and Financial Fiduciary Services Act (licence number FSC1333B). 

is eToroX safe?

eToroX vs Coinbase

Similar to the likes of Coinbase, eToroX offers a range of products under its belt. This includes eToro, the trading platform, the eToro Wallet, plus the eToroX exchange.

eToroX offers lower rates in terms of trading fees with rates at 0.10 to 0.24% vs Coinbase fees at 0.5%. However with Coinbase you can deposit FIAT currencies such as GBP and Euros with no minimum deposits. Plus you’ll also find that trading volume is higher and there’s more liquidity and trading pairs with Coinbase Pro.

Coinbase vs eToroX

Conclusion

Rating: 1.5 out of 5.

eToroX is a good alternative to eToro for those looking for more advanced trading options and lower fees. Although I feel that it is still in its infancy and needs more trading pairs, and the ability to fund with FIAT. Having to add $10,000 as an entry point would put off a lot of users. If eToroX alternated this to no minimum deposits this would definitely attract a lot more users to the platform. I also found that the 24hr volume was low. But obviously, this will change depending on market conditions.

The support would really benefit from adding a live chat feature to increase support response times. I personally had a few issues with eToro while making these videos. Depositing Bitcoin took over 2 weeks to resolve. Plus I also sent a bank deposit of £400 which was rejected and a, still waiting for it to be returned 2 months later. When you check the online reviews, Trust Pilot gives eToro a generous 2.3 rating.

eToro Trust Pilot Review

So will I be using eToroX to buy my Bitcoin and Cryptocurrency? The simple answer is No! I would prefer to use the likes of Binance Exchange or FTX. eToroX fees are is generally high and the support is awful. I will keep my stocks portfolio with them, but I won’t continue to add to the platform in the future.

Best Binance Referral ID Code2021
5 Best Cryptocurrency Exchanges to Buy Bitcoin in 2021

5 Best Cryptocurrency Exchanges to Buy Bitcoin in 2021

If you’re just getting into cryptocurrency and buying your first Bitcoin, or if you’re an experienced trader, looking for the best cryptocurrency exchange for you can be tough. With so many things to consider, in terms of liquidity, trading volume, fees, how safe they are, and whether or not the platform is actually supported in your region.

Today, I thought I’d take you through some of the cryptocurrency exchanges that I’ve personally used over the years and run you through some of the factors that lead them to be part of my top picks.

Top Cryptocurrency Exchanges Ranking by Trust Score

Just a word of warning. No matter which exchange you use nor how safe it’s reported, you should never keep large amounts of funds stored on there. It is always much safer to withdraw your coins back to a secure, wallet, such as a Trezor or a Ledger, where you have control over your private keys and therefore your funds.

Binance Exchange

Binance Exchange currently dominates the global exchange space, making up a significant portion of crypto trading volume daily. In my opinion, Binance is one of the best cryptocurrency exchanges out there with a strong focus on altcoin trading.  As a regular leader of Cryptocurrency Spot Exchanges in terms of traffic, liquidity, and trading volumes on the likes of CoinMarketCap it shows that people trust the platform, and also that there are going to be competitive prices available.

How to buy Bitcoin with Binance

The exchange offers hundreds of trading pairs between different cryptocurrencies. Although Binance offers some FIAT to crypto pairs, most of its pairs are between cryptocurrencies. You can also start by buying crypto with FIAT from the site using 3rd parties, bank transfers and credit or debit cards. And they have some of the lowest trading fees of any exchange, starting at 0.1% which can then reduce further depending on trading volumes, promotions or you can get these even lower by using their own BNB coin.

Sign-up to Binance exchange Bitcoin

Binance not only have an exchange, but they have a whole host of financial services, including staking, liquidity pools and swaps, as well as derivatives, education, and their own Trust Wallet.

Now in terms of how safe Binance is, Binance did have a security breach in 2019 where it was hacked and resulted in 40 million dollars of Bitcoin stolen, however, Binance refunded all affected investors and is deemed as a safe platform since.

For more information on Binance Exchange, check out my post here.

Coinbase Pro Exchange

Next is Coinbase & Coinbase Pro, which in contrast to Binance can work out to be expensive in terms of fees. However Coinbase is very user friendly and most people getting into Crypto do tend to start here, especially with sign up offers such as their $10 of free Bitcoin. The interface is easy to use and ideal for newbies with their simple buying process.

How to buy Bitcoin with Coinbase Pro Exchange

However, these newbies will soon be aware that Coinbase has some of the highest fees in all the exchanges, ranging from 1.49 to 3.99% for trading on Coinbase and from 0.5% on Coinbase Pro which has a wider range of tokens than and is more aimed at experienced traders. Coinbase supports customers in over 30 countries, including the United States, most of Europe, Singapore, Canada, and Australia with some very high volume and liquidity. 

Their Coinbase Earn feature is one of the best ways to get your hands on some free crypto where you can earn up to $177 in alt coins by taking some quizzes and learning about each crypto. Another thing that makes Coinbase one of the top crypto exchanges is the fact that the platform’s very secure. While there have been multiple different attempts to breach the exchange’s security, Coinbase is yet to suffer a huge hack and they store 97% of bitcoins offline.

Sign-up to coinbase and earn free crypto

Coinbase has, however, got quite a negative press in the crypto community and this is mostly due to their poor customer services and tracking of how and where you spend your bitcoins which has led Coinbase users to start to find alternatives.

For more information on Coinbase, check out my post here

Kraken Exchange

Kraken Exchange is another great option for newbies with a simple and basic interface to get started with, whilst also being a good option for more experienced traders too and is one of the oldest exchanges and has operated since 2013. It offers users more than 150 different cryptocurrencies to trade, buy, and sell. Plus you can trade with six different fiat currencies including USD, Japanese Yen, Canadian dollars, British pounds, euros, and Australian dollars. meaning you don’t need to visit other exchanges before you start trading. 

How to Buy Bitcoin with Kraken exchange

In terms of Fees, Kraken takes anywhere from 0% up to 0.26% from your transaction which is pretty low in terms of crypto exchanges but will obviously depend on your trading amount. Their trading volume and liquidity is high too currently ranking on CoinMarketCap at number 4 in terms of cryptocurrency spot exchanges.

Kraken Banner

Kraken has some great staking options and rewards too where you can Stake the likes of Polkadot, Cosmos and Tezos. Not only that but in some countries you can even stake FIAT currencies such as Euros and US dollars too!

Kraken isn’t only popular for being a cryptocurrency exchange with some of the lowest fees but it’s also considered to be a very secure space to trade crypto coins, too with most of its cryptocurrency stored offline.

For more information on Kraken Exchange, check out my post here

KuCoin Exchange

KuCoin Exchange is one of the newer platforms on my list and was created in 2017 where you buy and sell 200 cryptocurrencies worldwide. They have high liquidity, a high number of users, and a wide selection of supported assets and services.

Users can Buy crypto with top fiat currencies, including USD, EUR, GBP, CAD, AUD, and many more. This exchange is also another great option for low trading fees where you’ll only pay 0.1% of the amount you are buying.

How to Buy Bitcoin with Kucoin Exchange

There are several trading options available to suit different trading levels, including spot trading, instant exchanges and margin trading. Plus You can earn crypto with KuCoin’s crypto lending, staking, soft staking, and KyCoin Shares (KCS) bonus. 

KuCoin was hacked in September 2020 with hackers obtaining the private keys to the exchange’s hot wallets.

For more information on KuCoin Exchange, check out my post here.

UniSwap Exchange

Uniswap is an automated token exchange, based on the Ethereum blockchain, that launched in 2018. Unlike centralized exchanges, Uniswap has no order book for executing trades. Instead, It allows users to trade without a middleman or third party, with a high degree of decentralization and censorship-resistance.

One thing to mention, you can not buy or sell Bitcoin BTC with UniSwap, however they do have Wrapped bitcoin also known as wBTC.

This may not be suited for the newbie first getting into crypto as you’ll need an understanding of DEFI, and already have Ethereum in your wallet to get started but DEFI platforms have certainly risen in popularity over the past 12 months. Although their volume and liquidity does not match the most popular centralised exchanges. It’s s average daily trading volume can be up to about $200 million, making it the largest DeFi Exchange.

Best Crypto Exchange to Buy ethereum

There are endless options of ERC20 tokens available or on Uniswap. Their trading fees are at 0.3% but there are also Ethereum gas fees to pay which will depend on how congested the Ethereum network is. Uniswap also offers users to become liquidity providers and earn the 0.3% fees on all the trades proportional to their share do the pool.

Unlike a centralised exchange, With a decentralised exchange you are in control of your funds therefore it is pretty safe.  However because anyone can list a token on Uniswap, and its decentralized nature means there is no review process, it is easy for scammers to create a token with a name similar to a popular DeFi platform, and trick users into purchasing worthless tokens. 

For more information on UniSwap, check out my post here.

Gemini Exchange

For more information on Gemini Exchange, check out my post here

Crypto.com Exchange

For more information on Crypto.com Exchange, check out my post here

eToroX Exchange

For more information on eTorox Exchange, check out my post here.

Blockchain.com Exchange Review 2021: Beginners Guide

Blockchain.com Exchange Review 2021: Beginners Guide

Blockchain.com, best known for its popular cryptocurrency wallet with over 40 million wallets created to date. Has rebranded its cryptocurrency exchange platform from “The Pit” to “Blockchain Exchange“. The new Blockchain.com exchange provides a high-speed crypto exchange for retail traders with the ability to trade 34+ cryptocurrencies.

The exchange has been created for the novice investor in mind, with its clear user-friendly interface. With the Blockchain exchange, you can view markets, check the status of your orders, make deposits, withdraw funds, and trade crypto assets. Available in 200 countries within some locations, you can also buy crypto using FIAT, depending on your verification level.

Sign-up to Blockchain Exchange

What is the Blockchain Exchange?

Blockchain.com is a London-based crypto exchange that promises “a Wall Street or a Chicago-level matching engine”. Providing high-speed trading with under 50 microsecond execution time, compared to the 200-500 milliseconds from the industry leaders such as Binance and Coinbase.

Powered by the world’s most popular crypto wallet Blockchain.com, which claims to account for roughly 25% of daily activity on the bitcoin network. They hope to follow this success with there new Blockchain Exchange. Created by an experienced team lead by the former Managing Director at Ameritrade (the world’s largest online broker) Nicole Sherrod, they hope to attract institutional and retail investors alike.

“When Peter (Blockchain.com SEO) approached me with his vision for The PIT (now Blockchain Exchange), I realized this was an opportunity to make an even greater impact to millions of retail crypto traders,”

Nicole Sherrod
Crypto investor experience level

Blockchain Exchange Rebrand

Blockchain initially released its crypto exchange The Pit in 2019. However, after customer feedback and experience, they felt it was unclear that this was a Blockchain.com product. Therefore for clarity, felt it important to align their name more closely to their suite of products by rebranding to Blockchain.com Exchange.

They have stated that in an effort to ensure that their products are easy to understand and easy to use. You may notice changes to other features names over time, all with the aim to increase clarity and improve the user experience.

What Cryptocurrencies Do Blockchain Exchange Support?

Dependent on your location you can deposit with the likes of USD, EUR and most recently GBP via bank transfers. You can then buy and sell with the likes of BTC, ETH, BCH, USDT and XLM.

There are currently 34 trading pairs available with more coming soon.

New additions include the likes of ALGO and DGLD.

30+ Cryptocurrency pairs to trade on Blockchain.com Exchange

What is DGLD?

DGLD is a digital asset representing proof of ownership over physical gold stored in a Swiss vault, and tokenized with a side-chain built on the Bitcoin network. Each DGLD token is the digital equivalent of 1/10th of a troy ounce of gold, vaulted in Switzerland. 

These hybrid tokens offer a middle ground between bitcoin and physical gold. This could be of interest for those in The UK worried about the economic impacts of ongoing Brexit discussions. Or someone From a country or economic zones with an unstable local currency.

DGLD Digital Gold Token

How to create a Blockchain Exchange Account

To create a Blockchain Exchange account, you will need to enter your name, email address, date of birth and address. If you already have a Blockchain.com wallet you have the option to “Connect to Blockchain Wallet”. This will be your only opportunity to connect your wallet as it’s only possible during sign-up.

Connect Blockchain Exchange to Blockchain.com Wallet

If you are connecting to an existing Blockchain.com wallet, you will then be prompted to scan a QR code with your Blockchain app, or you can sign into Blockchain.com. This will enable you to easily transfer funds between the exchange and your wallet. In addition, if your blockchain wallet is already gold level verified you will benefit from gold level limits on the Blockchain Exchange.

Once you’ve verified your email address and accessed you account you’ll need to secure it with 2FA. Consider unlocking to gold level for increased withdrawal levels and fund your account.

How to Setup 2 Factor Authentication

2-Step Verification (also known as two-factor authentication, or 2FA) acts as an extra layer of security for your account. It’s highly recommended that you use 2FA to help keep your crypto secure.  

When logging in you will need both the password for your account plus a one-time passcode (OTP) generated by the Google Authenticator app (and Yubikey is coming soon!)

To set it up, head over to Google Play or the App Store and download the free Google Authenticator app.

Head over to the Blockchain Exchange, and click onto your profile name. Click ‘Settings’ and ‘Security’.

Under the ‘Two-Factor Authentication’ heading click the ‘Add Two-Factor Now’ button.

2FA Security Settings

You will be presented with QR code to scan with your Google Authenticator. So for those of you with an iPhone click onto the ‘+’ icon in the top right-hand corner of your Google Authenticator app. Scan and then confirm the code within the exchange.

The code on your Google Authenticator creates a 6 digit code every 30 seconds and will then be required at every login.

Online security with VPN

How to Deposit Funds into Blockchain Exchange

You can deposit funds with GBP, EUR, USD, crypto or straight from your connected Blockchain.com wallet. To deposit funds you will need to have 2-factor authentication enabled in the Blockchain Exchange.

Deposit funds

How to Deposit from your Blockchain Wallet

To deposit from your Blockchain wallet, select “Deposit“.

Then click “Deposit From Your Blockchain Wallet” and input your Blockchain Wallet ID and password. 

From within your Blockchain.com wallet, select Send besides the cryptocurrency, you would like to send.

depositing from blockchain

An address will appear in the Blockchain Wallet send form or from the ‘To’ drop-down you can select the Blockchain Exchange. Then just enter the amount you would like to deposit and click send.

How to Deposit from a Third Party Wallet

If you are depositing from a 3rd party wallet, choose “Deposit” and select the type of cryptocurrency you would like to deposit from the drop-down menu.

Copy the wallet address shown in the window.

Head over to your third party wallet and send the amount of funds you would like on your account to the address you have copied from the Blockchain Exchange.

How to Deposit FIAT

You can deposit the likes of Euros or USD, to deposit these funds. Select “Deposit” and choose Euro or USD.

You will then be prompted with bank details for the associated FIAT currency that you will need to send your funds to. Funds are generally available to trade in 1 business day. You also need to ensure that your recipient name matches the account holder name on your bank account for the transfer to be successful.

How to deposit funds

Blockchain Exchange Trading Fees

The fee structure is based on a maker/taker model. You’ll pay 0.24% in taker fees if you trade less than $100,000 per month and 0.14% in maker fees making it 0.01% lower than Coinbase Pro fees. It starts with an introductory tier that’s lower than most exchanges. The more you trade, the less you pay.

Market Orders – A market order is an order type that executes immediately at the current price. With a market order, you are considered a taker of the market as you are taking the market value.

Limit Orders – A limit order is an order where you define the price that you want to buy or sell at. There are then a set of time conditions that you can apply to your limit order.

How to Trade on Blockchain Exchange

To buy your crypto the first thing you need to do is select your trading pair. You can do this by clicking onto the ‘+’ icon at the top of the screen and selecting the required pair.

Then go to “Buy” on the right-hand side.

how to buy BTC on the Blockchain Exchange

Enter the “Amount” of your chosen cryptocurrency you would like to purchase. select the “order type” you would like to place from Market or Limit Orders.

If you select a Limit order you then enter the “Amount” you would like to buy at. You also have time in force conditions which allows you to specify how long an order will remain active before it is executed or expires.

If you have chosen a Market Order, your order will complete immediately. If you have chosen a Limit order, your order will appear in “Open Orders” whilst you wait for your order to complete.

With a limit order you have the ability to cancel your order before it completes, in case you have made an error or if the market moves too much.

How to Sell Your Crypto

To sell your crypto the first thing you need to do is select your trading pair. You can do this by clicking onto the ‘+’ icon at the top of the screen and selecting the required pair.

Then go to “Sell” on the right-hand side.

how to sell your crypto

Enter the “Amount” of your chosen cryptocurrency you would like to sell. Select the “order type” you would like to place from Market or Limit Orders.

If you select a Limit order you then enter the “Amount” you would like to sell at. You also have time in force conditions which allows you to specify how long an order will remain active before it is executed or expires.

If you have chosen a Market Order, your order will complete immediately. If you have chosen a Limit order, your order will appear in “Open Orders” whilst you wait for your order to complete.

With a limit order, you have the ability to cancel your order before it completes, in case you have made an error or if the market moves too much.

How to Withdraw Your Crypto From Blockchain

With the Blockchain Exchange, you can withdraw your assets directly to your Blockchain wallet, to a third party wallet or depending on your account verification level you can withdraw to your bank account.

Withdrawing Crypto Assets

To withdraw your crypto assets to your Blockchain or third party wallet. Click onto your balance in the top right-hand corner of the screen and click “Withdraw“.

withdrawing from Blockchain

Select the type of cryptocurrency you would like to withdraw.

From the destination address, select either “My Blockchain Wallet” (if connected) or “External Address“. If you are withdrawing to an external you will need to enter your public address.

Enter the amount that you would like to withdraw in your chosen cryptocurrency or in USD.

You will then be prompted to enter your 2-factor authentication code and you can click onto “Withdraw“.

Withdrawing FIAT

Withdrawals to SEPA (for Euros) are free, with a minimum withdrawal amount of 50 euros.

Wire transactions (for USD/GBP) are charged at $10 for domestic payments and $30 for foreign (which is deemed as accounts outside of the US/UK) with a minimum withdrawal amount of $5,000.

To withdraw to your bank account, you need to first make a small deposit so that they can link your bank account.

Alternative Cryptocurrency Exchanges

Coinbase Pro Exchange

Trade Bitcoin with Coinbase Pro

Binance Exchange

Binance for Beginners
ShapeShift Review: Simple Cryptocurrency Exchange

ShapeShift Review: Simple Cryptocurrency Exchange

ShapeShift is a long-standing crypto platform. Enabling customers to buy, sell, trade, track, send, receive, and interact with their digital assets. Claiming to be one of the fastest ways to exchange crypto-assets, users can exchange in a matter of seconds.

What is Shapeshift?

Shapeshift is a Swiss cryptocurrency exchange platform available on both the web and on mobile devices. The platform was created way back in August 2014 by industry veteran Erik Voorhees. It was created for customers wanting an instant bitcoin to crypto swap. Since then the platform has grown a lot, now supporting over 50 different crypto assets.

Shapeshift support cryptos

In 2015, they launched Coincap (not to be confused with coin market cap) as the first real-time market data site for crypto. Then in 2017, they acquired Keep Key, allowing them to have their own hardware wallet offering.

A few software wallets such as Jaxx and Exodus now integrate and have the Shapeshift service built into their platforms.

Shapeshift Features

Shapeshift have released a beta version of their platform a non-custodial platform, where everything is all in one place without the need for 3rd party integrations.

Features of shapeshift

Trading – You can seamlessly buy, sell, or trade your crypto assets directly in the platform. Because trading is non-custodial, it makes it unique from other trading platforms as there is no need to trust a third party.

Hardware Security – With the hardware security, you can keep control of your private keys whilst using the web interface.

Real-Time Market Data – You can view real-time market prices and historical data using Coin Cap, without ever having to leave the interface.

Portfolio Performance – View your portfolio performance through graphs, charts and real-time value movement. Users can view their balances any time, anywhere.

Sign-up to Binance exchange Bitcoin

Shapeshift Announcements

Shapeshift have recently made a few announcements, in relation to hardware wallets and account verifications which may interest some potential crypto enthusiasts who were not so eager to use the platform before.

Twitter announcements

Supported Hardware Wallets

Shapeshift.com announced that their users will be able to control their assets directly by connecting to Trezor, KeepKey and also Ledger, which is coming soon.

shapeshift hardware devices

For a limited time, users can also purchase a KeyKeep for $10 with Membership. Making it by far the cheapest Hardware wallet around.

KeepKey for $10

Account Verification

Potential Shapeshift users may have been put off in the past due to verification processes. ‘Memberships’ were put in place in October 2018 after being known as the exchange without accounts. However, Shapeshift have now announced that they will no longer require users to create an account. This means that all verification steps will be removed, but only for some of their services.

You can now receive, send and hold cryptocurrency without an account. However, for trading and buying you’ll still need to sign up. Plus you’ll get 100 free fox tokens back on every trade. Fox tokens are loyalty tokens available for Shapeshift members.

With memberships, you also get access to thousands of trading pairs, improved rates and higher limits on select coins.

Account Verification