This review will provide a complete overview of LATOKEN Exchange. It will explain the platform’s features, advantages, and disadvantages and how to deposit or withdraw funds.
Additionally, this article will cover customer support satisfaction levels, among other things.
Thus, if you’re new to crypto trading or an experienced trader, read this post to learn everything necessary about LATOKEN Exchange for successful navigation through its services with confidence while making informed choices.
Introduction
LATOKEN is the biggest market for IEO (Initial Exchange Offering).
LATOKEN reportedly connected 130+ new business startups with more than 400k platform users and attracted about 1.5 million monthly users starting in 2017.
Trading crypto-assets on the LATOKEN exchange also increases its liquidity with LA as its native asset.
LATOKEN aims to be the largest crypto asset exchange platform. It already launched an ERC20 decentralized exchange named LADEX and has been building up LACHAIN for the security tokens market and HFT DEX.
LATOKEN’s mission is to connect investors and entrepreneurs all over the world. It runs the Blockchain Economic Forum that brings together government officials, entrepreneurs, and investors.
LATOKEN Profile
| Company Name | LATOKEN | |
| Categories | Cryptocurrency Exchanges | |
| Website | https://latoken.com/en | |
| Year Founded | 2017 | |
| Headquarters | Estonia | |
| Minimum Deposit | $1 | |
| Maximum leverage | 1:2 | |
| Taker Fee | 0.49% | |
| Maker Fee | 0.49% |
How to Sign Up on LATOKEN Exchange?
Here are the steps to follow when you want to open a LATOKEN account:
Go to the official website of LATOKEN: Open the LATOKEN website (https://latoken.com).
Click “Sign Up”: This button is mainly at the top-right corner of the page.
Fill in your information: Provide a good email and a strong password. Next, accept the terms and conditions.
Confirm Your Email: After giving them your address, they will send an email alert as part of their verification process. Click that link for confirmation purposes.
Finish KYC: Sign in, then go through the Know Your Customer (KYC) stage, which entails the provision of essential papers verifying identification and personal details.
Protecting Your Account: Use double-factor authentication (2FA) to enhance security.
How To Deposit Cryptocurrency At LATOKEN?
To deposit cryptocurrencies on LATOKEN, follow the following steps:
Log In to Your LATOKEN Account: Go to the LATOKEN website and sign in using your login information.
Navigate to Wallets: When logged in, go to the top menu labeled ‘Wallets.’
Select the Cryptocurrency: Look for the cryptocurrency you want to deposit from the list and click on it.
Generate Deposit Address: Press the “Deposit” button next to a cryptocurrency selected to create a deposit address.
Copy the Address: Copy out the generated deposit address. Make sure that it matches the address format of that particular cryptocurrency.
Transfer Funds: You must go into your external wallet or exchange where your cryptocurrency is stored and initiate a transfer, which will be sent to this copied deposit address.
Wait for Confirmation: It may take time before confirmation happens, depending on what type of cryptocurrency is involved; you can check its status in the wallets section.
After that has occurred, once your account appears, you can see that it has been filled with cash.
How To Withdraw Cryptocurrency At LATOKEN?
To take cryptocurrency off from LATOKEN, follow these steps:
Sign In to your LATOKEN Account: Head to the LATOKEN website and use your credentials to log in.
Find Wallets: After logging in, go to the “Wallets” section at the top menu bar.
Find Cryptocurrency: Find the crypto you want to withdraw from the list and click on it.
Click on Withdrawal: Click the withdrawal button next to the seleccrypto coin.
Enter Your Withdrawal Details:
Receiver’s address – Enter the wallet address where you would like to send this cryptocurrency
The value of money- Indicate how much you want to withdraw.
Confirming Your Withdrawal Request: Check out your details and approve your withdrawal request. LATOKEN may require additional confirmation through email or 2FA.
Waiting for Processing: The withdrawal request will be processed, and funds will be sent out using a particular wallet address specified. Depending on specific cryptocurrencies and network congestion, processing times may differ.
LATOKEN Fees
Stake LA tokens to pay even lower fees
Stake LA to lower your existing fees by X%. Your LA discount affects current trading fees.
| Level | LA staked | Discount |
|---|---|---|
| Lv. 1 | FROM 10.0k LA | 10% |
| Lv. 2 | FROM 25.0k LA | 15% |
| Lv. 3 | FROM 50.0k LA | 20% |
| Lv. 4 | FROM 100.0k LA | 30% |
| Lv. 5 | FROM 250.0k LA | 40% |
| Lv. 6 | FROM 0.5m LA | 50% |
Spot Trading Fees
LATOKEN rewards users who trade more by offering a flexible trading fee schedule that beats our competitors.
| Level | 30d Volume, $ | Maker | Taker |
|---|---|---|---|
| 1 | Less than $10.0k | 0.49% | 0.49% |
| 2 | $10.0k – $50.0k | 0.39% | 0.39% |
| 3 | $50.0k – $100.0k | 0.29% | 0.29% |
| 4 | $100.0k – $250.0k | 0.12% | 0.19% |
| 5 | $250.0k – $1.0m | 0.07% | 0.11% |
| 6 | $1.0m – $2.5m | 0.06% | 0.09% |
| 7 | $2.5m – $10.0m | 0.04% | 0.07% |
| 8 | $10.0m – $20.0m | 0.02% | 0.05% |
| 9 | More than $20.0m | Zero | 0.04% |
The system measures and updates your previous 30-day trading volume every minute, including all trades across all crypto pairs.
Then, it is converted into a USDT equivalent using prices across 17 exchanges. You can check your previous 30-day volume and its corresponding fee level on your profile page.
The new fee level only applies to newly placed orders. And the most exciting part is that your fees may be lower tomorrow!
Withdrawal fees
The withdrawal fees are charged in the cryptocurrency you wish to withdraw. View the table below to learn about the withdrawal fee for the cryptocurrency you are interested in.
They regularly update the withdrawal fees based on the market and blockchain conditions.
Deposit fees
LATOKEN does not charge deposit fees for significant cryptocurrencies: BTC, ETH, TRX, USDT, and USDC. For other cryptocurrencies, a 0 deposit fee is deducted from the deposited amount.
Refund Fee
If you sent a BSC, ETHEREUM, or POLYGON-based token that LATOKEN does not support, LATOKEN could help you recover the funds for a Refund Fee that depends on the blockchain of the token you sent
To recover the BSC-based BEP20 SHIB token, LATOKEN charges an equivalent of $30 in BNB to cover developers’ team time and the blockchain transaction fee.
LATOKEN Exchange Features
High Security
They protect mobile users’ data and the web and use all security best practices.
Alerts new listings or prices
Setup price alerts – hold your hand on the market’s pulse and never miss new opportunities.
Intuitive Interface
Simple to use and quickly make the most critical actions for crypto: buy, transfer, and trade.
Free Coins
Install the app to join airdrops and never miss your chance to earn from scratch.
Localization
Trade Bitcoin in English, Spanish, French, Italiano, Indian, Korean, and Indonesian (Bahasa) languages.
Chat Support
24/7 live chat support in the app will help you find a solution to your problems.
How Secure LATOKEN Exchange?
To secure and safeguard the interests of its clients, LATOKEN employs various safety measures, including:
Cold Storage: A significant part of the user’s assets is kept in offline cold wallets, reducing hacking risks.
Encryption: Sensitive data, which includes users’ details and details about transactions, are encrypted, hence precluding unauthorized access.
Regular Audits: LATOKEN performs security audits and assessments to detect and fix vulnerabilities.
DDoS Protection: The platform has measures that safeguard it against distributed denial-of-service (DDoS) attacks.
KYC/AML Compliance: LATOKEN complies with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations for verifying user identities and monitoring suspicious activities.
Allowlisting Withdrawal: Withdrawing money from this wallet without authorization is impossible.
Is LATOKEN Legit or a Scam?
LATOKEN is a digital currency market that has attracted positive and negative comments.
For instance, given that the users do express their satisfaction with the clear interfaces and ease with which transactions can be done.
Though there have been allegations of fraud, these charges have yet to be proven.
It is crucial to be careful and investigate well before involving yourself in any exchange platform.
When you start using LATOKEN, make sure you put in a little money first. Then, if convinced the business is legitimate, invest more until you can trust it fully.
It is essential to keep yourself informed and make decisions based on risk tolerance and due diligence.
LATOKEN Founders
LATOKEN’s founder and CEO is Valentin Preobrazhenskiy, Valentin Preobrazhenskiy, a crypto world stakeholder.
Preobrazhenskiy has also participated in other projects and has a solid financial background. He interned at Sberbank and Vneshekonombank before becoming a senior specialist in RAO UES (Russian Electric Power Holding).
Preobrazhenskiy went on to investment banking, where he worked as a Senior Associate at CERA and Director of Research at Spectrum Partners (one of the most significant regional hedge funds). He also created his fund, Avega Capital.
Zalogo, which connected mortgage lenders with borrowers, is one of those companies Preobrazhenskiy set up in 2014 for some time before selling it eventually.
LATOKEN was founded by Mr Preobrazhenskiy in 2017 because of his Russian nationality, and his Russian-speaking team is often associated with Russ. Preobrazhensalso managed the Founders Institute’s Russian Chapter.
The Blockchain Economic Forum has been sponsored since its inception by LATOKEN.
LATOKEN Supported Currencies
If LATOKEN has supported IEOs, it will add more than 60 digital currencies and 145 trading pairs.
Trade on significant currencies like Ethereum (ETH), Bitcoin (BTC), Tether (USDT), etc., or altcoins such as Stellar, Basic Attention Token, etc., among others using the platform.
The native LA token is equally liked by traders who can choose to use other digital currencies along with it.
LATOKEN does not allow for fiat money deposits because it is a crypto-crypto exchange that does not do fiat-crypto trades.
Also, PayPal and wire transfers are not services provided by LATOKEN Exchange.
However, you can deposit the cryptocurrencies directly from a crypto wallet or buy featured coins on the website.
LATOKEN Customer Support
Many crypto freaks are skilled enough, while many learners have never used crypto exchange.
Everyone should start somewhere, though it’s always good to have helpful customer support to guide you. In terms of LATOKEN customer service, there are two polar opinions.
Whereas some state that it is among the most dependable and useful ones, others argue that it took them ages to get replied to. Nevertheless, what the company can offer remains unclear.
In general, contacting LATOKEN client service can be done through several means.
You can contact their support team instantly on a 24/7 basis or use the live support widget from their platform, which is very convenient.
Also, you may fill out their ticket submission form or join an official group in Telegram messenger for more answers.
They have numerous ways of supporting customers and solving their issues; therefore, choose one that suits you best and wait until your problems are fixed.
Trade On Go With LATOKEN Android & IOS Mobile App
The organization provides an Android and iOS app that allows traders to trade cryptocurrencies easily from mobile devices.
The application allows you to access your account, look at real-time market data, perform trades, and manage your portfolio using a mobile device.
It is essential to be careful and use best security practices when employing any cryptocurrency exchange app.
Earn Without Investment With LATOKEN Refer & Earn Program
This is achievable through the “Refer & Earn” program at LATOKEN, where one can earn rewards by referring friends and acquaintances to the platform.
If you invite someone using your unique referral link, who then registers and completes some actions like trading or depositing funds, a commission or bonus will be given to you.
Note that the particulars of the program might differ; therefore, it would be better if you could find out more from LATOKEN’s official website or app on how to join in and make extra money.
LATOKEN Alternative Exchanges
Binance
Binance is a famous exchange that offers various trading opportunities and competitive fees.
Kraken
Kraken, therefore, offers a reliable platform with an extensive selection of coins and tokens and advanced trading features.
Bybit
Bybit is renowned for trading derivatives, mainly futures and perpetual contracts.
PrimeXBT
PrimeXBT offers leveraged trading on different assets, such as cryptocurrencies.
Phemex
Phemex has a friendly interface and spot trading free of charge.
Final Verdict
To sum up, LATOKEN is a flexible cryptocurrency exchange with various features suited for both novices and professionals in trading.
Different customer support contacts, like 24-hour access, live support widgets, ticket submissions, or Telegram groups, are available to help people solve their problems.
Nonetheless, user experiences vary regarding the company’s customer service; some customers praised its reliability, while others complained of slow response times.
Would-be users should consider these aspects as they are shared among all platforms. They must also be compared with alternatives such as Binance, Coinbase, Kraken, KuCoin, Huobi Global, Bitfinex, and OKX to make better choices.
