Latoken is yet another cryptocurrency exchange site that specializes in the Bitcoin trade. First opened to brokers in 2017, this Estonia-based platform was meant to serve as a multi-asset financial trade site. However, over time, it evolved into a crypto trade website. On-site, a total of 380 different digital asset markets rake in close to US$ 1 billion in exchanges alone. Wondering how you can be a part of this chunk of cash? Read on then.
Pros and Cons
Pros
- Simplified registration process
- Crypto and stock trade available
- Safe and secure site
- Extensive learning materials for beginners
- Mobile support
Cons
- Slightly cramped trading graph display
- Limited customer care options
Latoken registration and set-up
Signing up for an account here is fairly simple. All that’s needed is a valid email address and some basic personal particulars. Once you verify your account via email, you can start trading immediately. Although your account is already pretty secure with a password, the site encourages users to activate the two-factor authentication. You can do this from the ‘Security’ tab, either via desktop or mobile.
Platform usability
The platform is reminiscent of early trading platforms, with layouts mimicking actual trade markets as you’d find on Wall Street. However, the platform itself isn’t nearly as confusing. The main list of trades is displayed clearly on most of the screen. On the top, you’ll find navigation items to help toggle between currency pairs or switch between features on the site. The cashier area can be accessed at a single click, thanks to the big green ‘Deposit’ button on the top right corner. Overall, the site is user-friendly.
Latoken trading options
Cryptocurrency
This platform is known for its dealings in cryptocurrency. Some of the crypto trades you can find here include Ethereum, Ripple, Bitcoin, Bitcoin Cash, Litecoin, and Dogecoin, to name a few. All trades are updated in real-time, giving you maximum earnings at accurate market values. An exclusive exchange terminal is available to help traders study the market to the highest accuracy. You can go ahead and customize each chart view with additional graphs and panels you need. This way, you can always come back to the same, familiar layout to give you a more comfortable trading experience.
Stock trade & investment
Additionally to cryptocurrency trading, Latoken is also a site for brokers to take advantage of up and coming startups by purchasing their shares. You can create individual projects for each startup of interest and monitor the rise and fall of their stocks directly from the exchange dashboard. Also, see the number of investments each of these budding companies, or projects as they call them on Latoken. This gives you a good idea of which of them you should put your money into.
Security
The next part of this Latoken review is about the security measures on-site. Data transmission between the site’s servers and external partners are protected with TLS. Moreover, every bit of data you enter onto the platform is encrypted with a unique key to ensure all private information stays private. You may be wondering about all that digital moolah they hold. Those are stored on cold storage servers only limited people have access to. This way, the trades are more secure and the currency value can be preserved better.
Latoken tools and features
Trading graph
The trading graphs at Latoken are available in multiple views. These charts can also be manipulated to display the information relevant to your trade patterns. On the left and right panes, you can find the current market values for trade between pairs concerning the cryptocurrency you select. The ‘Social Feed’ feature is a nifty one. You can keep up with the latest in financial news involving the currencies in your current trade pair. For beginners, this is pretty beneficial to help project the future rise and falls in the digital currency market.
Buying and selling
The features for buying and selling your currency directly can be found among the options in the main navigation banner. To help with the buying process, the price of your crypto purchase is shown for each payment option. As different payment gateways charge a different fee, this is great when you need to find the best buy options. Trade is also possible from the trading charts themselves. You can set limits for buy and sell actions. Buying and selling are done at real-time prices, but you can also opt for the average market value. This option can prove to be profitable if you play your cards right.
Trader resources
The trader resources and learning materials are aplenty at Latoken. Their dedicated site Venture Capital TV constantly churns out new informative videos on cryptocurrency trading. You can also catch forums and discussions mediated by the best in crypto trade, which are usually laden with tips on how, what, and when to trade. The Latoken blog is yet another part of their information base. Write-ups are usually about the latest, emerging cryptocurrencies you can invest in and trade or about technological advancements in terms of security and efficiency of blockchain data recording.
Demo account
Access to demo accounts for trading has yet to be implemented on this platform. Having a demo account helps you familiarize yourself with the chart styles, different indicators, and settings. With practice, you’ll soon get the hang of projecting trades, reading charts, and analyzing the trading data you have at hand. This can also be a good medium to strategize trades and plan cross-trades at the right market prices. Allowing access to demo trading accounts is a point to consider for Latoken, hopefully they’ll do something about it.
Latoken Mobile Trading
Latoken’s mobile app trading platform is currently available exclusively to Android users. Traders can download the app directly from Google Play and continue trading on-the-go. The great thing is you don’t need to sign up anew. Instead, just use your existing Latoken access credentials and voila! However, there’s a slight downside to this in that you can’t access stop-limit trading via mobile. Otherwise, the app works like clockwork and is a busy broker’s dream come true.
Fees and charges
The complete fee structure by trade volume can be found in the ‘Fees’ section. Deposits for USDT have no charges while other cryptocurrencies are levied a 1% fee per deposit. Withdrawals in each cryptocurrency will incur a small fee, including 0.0005 for BTC, 0.01 for ETH, 234 for LA, and others. This detail is updated regularly based on blockchain conditions and current digital market value. Hence, you should always make it a point to check their ‘Fees’ area regularly.
Help and support
In terms of support, the options you have are limited. There’s a contact form for those who want to direct their queries and qualms in writing. For more pressing matters, use their live chat feature. However, it’s only available when logged out. Support agents are manning the live chat systems 24/7 so you’ll always get help whenever you need it. You can even reach them via social media channels such as Facebook, Twitter, and Telegram.
Conclusion
Latoken is a great option for those just starting with cryptocurrency trading. The charts are clearly displayed and there are lots of resources for you to learn the ropes. However, some features could be added to complete the overall quality crypto trading experience. In terms of fees, they have average charges implemented. But, considering what they have to offer, the prices are pretty fair. All geared up to start trading with Latoken? Sign up for an account with them now.
