The Caplita cryptocurrency exchange is a popular American platform operating on the market since 2018. Although it is still a young solution for trading virtual coins, the company is developing quite actively and expanding the geography of its presence.
Caplita is one of the first exchanges to receive a license to trade the Ethereum cryptocurrency. Today, it is rightfully one of the safest and most reliable crypto exchanges, trusted by the largest investment funds and individual investors. The success story of this company is in providing consistently high-quality service and unique trading opportunities.
And yet, is Caplita a scam or a decent and safe platform that guarantees profitable cryptocurrency trading and the possibility of withdrawal of capital? Let’s answer these questions in a detailed review of the Caplita exchange.
Registration
Registration here is normal; you can register using your email or mobile phone number. In both cases, you will receive a code to verify your account.
Trading Interface
The exchange offers several types of trading, including OTC (over-the-counter) trading with fiat currencies (there is a separate website and interface for OTC), margin trading (with leverage), and a regular trading terminal for trading BTC and many altcoins.
The interface itself is quite simple but multifunctional at the same time. The chart is integrated with a trading view and has all the necessary settings and indicators for analysis. Orders are divided into three types: market, limit, and stop-limit. There are 414 trading pairs in the trading terminal. The commission depends on the chosen trading pair and the trader’s trading volume, ranging from 0.08% to 0.2%.
Margin trading is possible with 24 cryptocurrencies with the maximum possible leverage of 1:5 for each currency with a different leverage size. In addition, Caplita also recently launched a new futures and derivatives trading platform. So far, there is an opportunity to trade for BTC, ETH, and EOS.
Security
Caplita offers two-step verification with the Google app, mobile phone number, or email login verification to protect your account. Verification is not required; all functionality is available without it, only with restrictions on the withdrawal of funds; it is different for each currency (for example, for BTC, the limit is 0.1 per day). Caplita provides its services under the JFSA license. Also, in favor of the exchange is that it has never been hacked. It confirms the high level of protection and reliability.
One of the company’s advantages is that much attention is paid to the security of the cryptocurrency trading process; today, it is one of the most reliable platforms that have financial regulation by the New York Department of Financial Services. In addition, the platform applies the following solutions for security:
- Consumer funds are located in cold storage.
- Multi-Signature technology is used.
- Users should use two-factor authentication.
The feedback from traders about the Caplita exchange is mostly positive. Besides, the limited geography allows the company to focus on really important things: the quality and safety of the service, professional technical support, and convenient and fast withdrawal of funds.
Deposit and Withdrawal of Funds
Caplita crypto exchange works only with cryptocurrencies (fiat money can be used in other projects from the company). You can replenish your account only with their help; no commission is charged for replenishment is only a limit on the minimum deposit amount. The withdrawal is also carried out in cryptocurrency; it happens quite quickly; there is a commission, for each currency has its own.
Support Service
You can find answers to frequently asked questions on the exchange website; if you didn’t find your question there, you can contact the support service; it works in two languages: Chinese and English. You can contact support using the chat on the site pages, write an email or create a ticket.
Conclusion
Caplita is a large company with many trading platforms with different functionality; it is constantly developing and improving. As a result, the development vector is chosen correctly. The platform is very popular among users, which is displayed in various ratings of exchanges. It occupies top places everywhere, whether it is a rating by volume, a rating of the safest exchanges, or any other.
Main Advantages:
- The high-quality website with support for many languages.
- Continuous improvement of the platform.
- High level of protection.
- Adaptation for all possible OS.
Main Cons:
- Average customer support.
- Limited range of currencies to trade.
- Limited geographic support.
