Bitcoin Forum

Hello guys!

Does anybody have trading experience on Qryptos exchange? Can somebody share its advantages or disadvantages. Also, concerned that it requires personal information to register there.

Can somebody clarify what "taker fee" and "maker fee" mean?

Would be grateful!

I have used this exchange. In addition to personal information you need to pass KYC otherwise you wont be able to withdraw any amount from your account. KYC process is lengthy and it may take upto one month. I have not seen or use thes taker free and maker free option.

Good thing about the exchange is that their support is very responsive and they help in every matter including KYC. They process withdraw in office time only and it take some time. Overall experience is good.

Thanks a lot for sharing. I read on some media that they improved their verification process and it lasts up to one week. Although don't know if it's true.

I haven't used qryptos but it is a fast up and coming exchange with a lot of good coins to trade with. The volume is quite impressive for a new'ish exchange, and you can get good tokens like MGO which has higher trade volumes there.

Truth or not. The main concern on here is that if your willing to submit up some KYC verification process that's way too strict where you would really need to pass up personal information for you to withdraw unlike on other exchangers which you can able to create your account without passing any documentation yet they do have unverified accounts with such limited threshold which is I more prefer.

I need to wait one month for Have KYC passed ? It it too long in crypto world!
and if you say you need to pass KYC in withdraw time , I don't think that is a very good thing , why they dont ask KYC in registering time? so that if some body didn't pass it he/she doesnt have his/her assets locked up!Really?!

Yeah, I see that it is developing very fast and looks good but some terms of its use are not that pleasant.

Yeah, I also do not prefer sharing my personal information, especially if I am going to make several trades there. Wouldn't even consider it 'cause I use top exchanges. It's just one of the ICO projects I took part in is listing its token there. So I was thinking whether register there or wait another one.

Yeah, that is really annoying, man. That is why I started this conversation. A lot of people have to wait for the KYC verification. But I found out from some guy using Qryptos that if you want to speed up the verification process, just write a message to the support of the exchange. He also submitted his information and waited a long time for the approval. But when he wrote a message or a mail to support manager, his verification was approved immediately. So, I think, you should try to do the same thing.

I actually use that Exchange site ones for my token ( DRG ) but until now i didin't withdraw my funds because before you withdraw your funds you can verify your account first, that's why if you want to use that site make sure you have valid ID to verify. Anyways, i din't encounter any problem for that site, and the fee i thinks it is lower that the other exchange.

Qryptos is quite good but the trading volume is really low which is so itchy. I hope when it's merged with Quoine in the future; consequensely, everything will change

Thanks for your feedback! Do you understand it's taker and maker fees? It is do unusual. I just don't get it.

This is already a problem.
At least they should have given like 2 BTC minimum withdrawal a day or a month for the traders. KYC's should be for raising the amount you could withdraw. If not, then get out.
Don't need to go to that taker fee and maker fee. Maybe it is like sHitBTC where they are taking something from you just from deposits.

I have only registered on the qryptos but their verification level is not much good. I have submitted my documents for verification and they decline them after 15 days. Then i write support and they answered and verified my address, i have to traded yet but surely do so in near future.

I have specific coin only in qryptos and I do not use it to trade a lot of coins since it is hard log in using my android phone. It needs to confirm the ip address whenever I will logging in with my account and that is quiet hassle for anyone like me. The disadvantages also is that, there is a KYC and the verification needs time before they confirm it.
Well, it is good to trade in this exchange because you can modify your specific charts or tabs in their website. Fast transaction and it newbies can use it because it is easy to use.

Thanks for your feedback! Will take that into account.

I been registered on this exchange but when i know the trading volume is lower and they need verification to allow withdrawal and then i cancel to trade there and used others exchange that has higher trading volume.  Maker fee is fee for trader who  placing a limit order below the best ask price for buy and above the best bid price for sell. Taker fee is fee for trader who  placing an order that matches immediately with an existing order on the book.