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Forex Broker Rating

SafeTrade

SafeTrade

Information about the broker SafeTrade

Rating: 3.3
Jurisdiction: Panama
Regulators: not mentioned
Foundation date: 2018
Site: https://safetrade.com

Brief information SafeTrade

The SafeTrade platform is a centralized cryptocurrency exchange operating since 2018. The platform provides trading, transfers and storage of digital assets, with a focus on supporting emerging blockchain projects.

The operator is Safetrade.com Inc., which states that it is registered in Panama under certificate number 155774201. This is a company registration reference; the published company information does not identify a financial regulator or exchange licence.

SafeTrade launched its beta version in May 2018 and officially opened that June. 

The platform uses the following domains:

  • safetrade.com — main website;

  • t.me/SafeTradeEx — Telegram.

Customers can contact support through the request form at support.safetrade.com. A telephone number and postal contact address are not provided in the company overview.

SafeTrade

Cryptocurrency selection on Safe Trade    

Available assets mentioned on the website include:

  • BTC;

  • ETH;

  • LTC;

  • DOGE;

  • SOL;

  • USDT;

  • USDC;

  • SAFE;

  • VRSC;

  • QUBIC;

  • NOCK;

  • PEARL.

The platform offers pairs quoted in stablecoins and cryptocurrencies, including BTC/USDT, ETH/BTC, USDC/USDT and SAFE/SOL. Its selection combines established assets with smaller blockchain projects.

SafeTrade

Services and fees of SafeTrade

The platform Safe Trade offers:

  • free registration,

  • a complete list of cryptocurrencies,

  • buying and selling assets,

  • currency exchange,

  • spot purchases and sales of cryptocurrency,

  • cryptocurrency storage and transfers,

  • automated market making through liquidity pools,

  • API access,

  • a referral programme.

Liquidity providers can receive a share of trading fees generated by their pools.

The published trading schedule lists:

  • Maker fees: 0.10%.

  • Taker fees: 0.10%.

Creating a personal account and verification on Safe Trade    

Account creation on the website is free. To register, users provide an email address, create a password and confirm it. The registration instructions require email verification and activation of two-factor authentication. 

Deposits and withdrawals with Safe Trade    

The stated funding and withdrawal method is:

  • cryptocurrency transfers through supported blockchain networks.

Minimum deposits depend on the selected network. The company gives a general deposit estimate of one to two hours, depending on confirmations. A single platform-wide minimum withdrawal, maximum limit, withdrawal fee and processing time are not specified in the available payment instructions.

Conclusion about SafeTrade

The company provides the following information about itself and invites users to trade on its platform to grow their capital by taking full advantage of the platform’s features. Its services are primarily focused on cryptocurrency trading and transfers, and also include additional services such as liquidity provision and referral programs. Before using this website, it is important to review user reviews of SafeTrade on independent sources.

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Trader Reviews

I’ve been trading on SafeTrade for about a month now, and I haven’t had any problems at all. All my transactions went smoothly, and my funds weren’t held up. I read some negative reviews and was actually surprised. It seems like some people fell for fake support and are blaming the exchange itself. I’d recommend contacting them only through official channels - be especially careful with Telegram, which is full of scammers.

  • 2 days ago

I decided to test the exchange with a small amount first, so I sent about $15 worth of PRL cryptocurrency. It’s a good thing I didn’t risk a large deposit. It turned out that withdrawing such an amount is practically impossible due to the high minimum limits on trading and withdrawals. According to my calculations, you need to have about $500 to make a normal withdrawal. I find these conditions completely inconvenient for small traders.

  • 17 hours ago

I don’t really understand where all this negativity toward SafeTrade is coming from. I’ve deposited funds and withdrawn cryptocurrency several times, and everything went smoothly. Maybe some people really did have bad luck, but my personal experience has been positive. I’m giving it five stars.

  • 1 day ago

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