
Get exclusive money-saving offers and guides
Straight to your inbox
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Product Name | CryptoBridge Cryptocurrency Exchange |
---|---|
Fiat Currencies | - |
Cryptocurrencies | BTC, BCH, RVN, LTC, ALQO, LCC, ECA, SMART, POLIS, BCO, COLX, IC, XP, BWK, HTML, QBIC, & over 44+ more |
Deposit Methods |
Cryptocurrency |
Trading Fee | 0.2% |
Deposit Fees | None |
Withdrawal Fees | Fees vary |
CryptoBridge has announced that it is shutting down, and all its services will be terminated on 15 December 2019.
All user funds should be withdrawn before then. Note that verification is required for withdrawal, which may take several days. As such, all users with funds on the exchange are encouraged to begin the withdrawal process as soon as possible.
The reason for the shutdown is a combination of "market conditions, increasing regulation, inability to fund further development and maintain operations," CryptoBridge says.
Compare decentralised exchanges to find an alternative.
Launched in July 2017, CryptoBridge is a decentralised cryptocurrency exchange that allows you to trade bitcoin and more than 150 other altcoins. The platform runs on top of the BitShares network, which can process up to 100,000 transactions per second and allows users to always retain control of the private keys to their funds. Rather than relying on one BitShares gateway, CryptoBridge uses a federated distributed network of gateways which operates worldwide to remove the risk of any single point of failure.
The development of CryptoBridge is closely linked to BridgeCoin, a scrypt mineable coin that was created in July 2017 to fund the development of CryptoBridge. BridgeCoin holders can “stake” their coins to receive 50% of all CryptoBridge profits.
CryptoBridge is available as a web-based platform or as a desktop download for Windows, Mac and Linux operating systems.
CryptoBridge is a global decentralised exchange accessible from countries all around the world, including Australia.
CryptoBridge only accepts cryptocurrency deposits. Fiat currency transfers are not available, so you’ll need to look elsewhere if you want to buy any cryptocurrency using Australian dollars (AUD).
There are a few fees you should be aware of before placing any trades with CryptoBridge:
However, there are no fees payable when you deposit crypto assets into your account.
Decentralised exchanges are widely regarded to offer a key security advantage over conventional centralised exchanges because they don’t offer a central point of failure. This helps decentralised exchanges overcome risks like hacking, regulatory restrictions and hardware failures.
With CryptoBridge, all deposits, withdrawals and order books are transparently stored on the blockchain. When you sign up for an account, CryptoBridge generates a 45-character password consisting of numbers and upper- and lower-case letters. All users of the exchange retain control of their private keys and CryptoBridge never has access to your funds.
If you ever have a problem with a trade or a question about your account, you can contact the CryptoBridge support team via Discord. Email support is also available, or you can get in touch with the team via Facebook or Twitter.