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Transferable to your own wallet
Self-custody of cryptocurrencies plays an important role for many users who want to manage their cryptocurrencies and thus their "private keys" themselves and not leave them in the hands of the exchange. Most exchanges offer the option of sending the purchased cryptocurrencies to their own wallet.
Deposit protection is a safeguard for the assets of users of a stock exchange or broker, which is intended to protect investors in the event of insolvency or a high loss due to a hacker attack. Service providers based in Germany are legally obliged to provide deposit protection of €100,000. In some cases, international exchanges have a special insurance policy that covers a certain portion of the assets instead of a deposit guarantee.
The overall rating is the average of our individual ratings. Our ratings do not constitute investment advice, but merely our personal opinion. You are welcome to use them as rough indicators and additional perspective. In the dynamic and fast-growing crypto sector, parameters can often change from one day to the next, so we cannot guarantee that the rating data is up to date. Therefore, please never use our ratings as an isolated basis for decision-making and not as a substitute for your own research.
This rating describes our personal assessment of the user-friendliness of the product. How easy is the onboarding process? How modern is the user interface and is it easy to use? Are all the important functions quick and easy to find? We ask ourselves all these questions in order to give a personal rating from 1 to 10 points.
This rating describes our assessment of the fee structure of a stock exchange or broker. It is not only the amount of fees that can differ, but also the type of fees. The most common type of fees for crypto exchanges are the "maker/taker" fees or spreads. In some cases, there are also hidden fees that are not recognizable to users at first glance.
For products or services in the crypto space, trust and security should be the biggest factors in the selection process. Since we could not seriously evaluate the technical security of a platform or product, we analyze publicly available factors such as security features, location, regulation, certifications, audits, team/company, general reputation and, of course, track record.
Crypto doesn't have to be cryptic. Especially for beginners, the first contact with the crypto world can be overwhelming. With this rating, we give our assessment of how easy it is for beginners to find their way around: from the onboarding process to using the most important functions.
Customer support is an important factor for many users. A long wait or no response at all in the event of problems can be frustrating, especially when it comes to sensitive topics such as finances. With this rating, we give our assessment of the quality of customer support. In order to provide as balanced an assessment as possible, we also include user opinions from other platforms in our evaluation.
Some exchanges and brokers are regulated by financial supervisory authorities in certain countries/states. This often entails strict financial regulatory requirements and compliance requirements to which the company must adhere. Regulatory clarity can contribute to greater transparency and thus also greater trustworthiness.
Libertex is a well-known platform primarily focused on CFD trading, catering to professional traders rather than beginners. Its comprehensive tools and wide range of assets make it appealing for advanced users. However, it lacks direct cryptocurrency purchases and wallet support, which may be a drawback for some. While the platform's fees and complexity could be challenging for newer traders, it remains a strong option for those familiar with CFD trading.
Overview
Quick Facts
Libertex, a distinguished CFD trading platform, has garnered over 40 international awards. Targeting seasoned traders, it provides superior tools for this demographic. Direct cryptocurrency purchases are not available; instead, trading is conducted through Contracts for Difference (CFDs).
Informations
Pro's & Con's
- Demo account
- Comprehensive tools for professional traders
- Large selection of financial products
- Deposit possible with Paypal
- No real coins (CFDs)
- Fees/spreads vary greatly
Libertex
Features
Feature Overview
Unique Features
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Tradable Assets
- Crypto CFDs
- Stocks
- ETFs
- Currency
- Options
- Indices
- Raw materials
Trading Options
- Derivatives
- Margin trading (leverage)
- Short/Long
Libertex
User Interface
Customer Reviews
-- reviews
/ 5 average rating fromWrite a Review
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Libertex
User Reviews
Advanced users praise the Libertex platform as it is viewed as a user-friendly platform that caters to novices and experienced traders alike. A number of commentators find that the interface is intuitive and information is showcased clearly. However, it should be noted that the amount of information can be intimidating, which is a disadvantage for those starting out in the world of trading cryptocurrencies.
Libertex is praised for its expansive selection of tradable assets, but there are some concerns about the absence of a wallet feature and the need to store cryptocurrencies externally.
Libertex is widely recognized for its user-friendly platform and abundance of training materials, which appeals to inexperienced traders. A critique, however, is that it could improve beginner assistance, before introducing more complex trading tools.
Libertex's commission-based fee model, as opposed to spread-based, is deemed transparent and equitable by many users, although some voice concerns about the commission levels compared to other platforms.
Libertex's regulation under CySEC is widely cited as a trust driving factor, however, there have been reported withdrawal issues in the past, which raised some concerns.
The effectiveness of customer service provided to customers is ambiguous. Though some report successful assistance and support from the company, others find the response slow in nature and quality and no lasting solutions.
In sum, Libertex users have described their experiences with the platform as a mixed bag. They reported appreciating the platform's friendly user experience, the broad spectrum of assets available, and in-depth education tools. At the same time, complaints often mentioned it is wallet unbuilt function. Similarly, opinions on customer support were mostly negative, characterized by long waiting times before someone got back to them.
About
Libertex
Libertex
Users?
Score
About the author
At Exchange Flow, Ethan is recognized as the resident crypto expert. With 10+years of experience navigating the waters of global crypto exchanges, Ethan is a trusted voice in the ever-evolving world of digital currencies. He tests and scrutinizes exchanges so you don’t have to, offering reviews and articles that newbies and seasoned traders alike find invaluable. When he’s not coding, Ethan likes to travel and play retro games. He uses his crypto earnings to fund his trip around the globe.
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