Orderbook cryptocurrency exchange review

Orderbook Exchange & ICO Platform
Orderbook Exchange & ICO Platform
  • User-friendly
  • Decentralised trading
  • Multi-currency wallet

Take a closer look at this decentralised Ethereum token exchange.

Orderbook is a cryptocurrency trading platform for ICO tokens based on the Ethereum network. Launched in August 2017 by blockchain startup Ambisafe, Orderbook is a smart-contract-based platform designed to offer secure and transparent trading opportunities.

We’ve brought together everything you need to know about using Orderbook to buy and sell cryptocurrency. Keep reading to find out how Orderbook works, its pros and cons, and to get the information you need to decide whether it’s right for your needs.

Product Name Orderbook Exchange & ICO Platform
Fiat Currencies USD
Cryptocurrencies TAAS, GNO, ANT, 1ST, HKN, BBT, WRC, AMM, OROC, CHSB, GLBX, BENJA
Deposit Methods Cryptocurrency
Wire transfer
Trading Fee Fees vary
Maker: 0.2%+
Deposit Fees USD: 15
BTC: 0.0015
ETH: 0.01
Other cryptocurrency: None
Withdrawal Fees USD: 65
BTC: 0.0015
ETH: 0.01
Other cryptocurrency: Fees vary

Pros

  • Simple and straightforward interface
  • Strong security features
  • All tradable assets maintained “on-chain” for transparency

Cons

  • Relatively new platform so isn’t as well established as other options
  • Other exchanges offer a wider range of coins and tokens
  • No mobile trading app available
  • Added risks associated with participating in an ICO
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Orderbook?

Orderbook is a decentralised platform that offers three main features to its customers:

  • A cryptocurrency exchange. Users can trade ERC20 tokens on the Ethereum network directly with one another.
  • An ICO platform. ICO projects can offer token sales to customers through Orderbook. At the time of writing (February 2018), the platform has hosted more than 15 ICOs.
  • A multi-currency token wallet. Asset storage on Orderbook is implemented on-chain, allowing you to store any ERC20 token listed on the site.

What is an ICO?

An initial coin offering (ICO) is usually when cryptocurrency tokens are first sold to the public prior to being listed on an exchange. It's a lot like an initial public offering (IPO), but for cryptocurrencies.

Before you consider participating in any ICO, however, it's important you fully understand the risks involved.

Read more about some common ICO red flags to keep an eye out for in our handy guide.

Which cryptocurrencies does Orderbook support?

Cryptocurrency assets you can trade on Orderbook

Orderbook allows you to trade the following assets on the Ethereum blockchain:

  • Token-as-a-Service (TAAS)
  • Gnosis (GNO)
  • Aragon (ANT)
  • FirstBlood (1ST)
  • Hacken (HKN)
  • BitBoost Token (BBT)
  • Worldcore (WRC)
  • MicroMoney (AMM)
  • Orocrypt Token (OROC)
  • SwissBorg (CHSB)
  • GloboX (GLBX)
  • BenjaCoin (BENJA)

Cryptocurrencies you can store on Orderbook

Orderbook also supports tokens which can be stored but not traded in its platform. In addition to the above list of tradeable tokens, you can also store the following tokens:

  • Propy (PRO)
  • iBuildApp Network Token (IBA)
  • Refereum (RFR)
  • SRG (SRG)
  • Inspeer (INSP)
  • Orderbook Profit Share (OB)
  • Raison (RSN)
  • ICOCOIN (ICO)
  • AstroTokens (ASTRO)
  • ESR Wallet (ESR)
  • REMME (REM)

Available countries

Orderbook offers its exchange and ICO platform to users around the world, including Australia.

Which payment methods are accepted?

Orderbook accepts payment in the following currencies:

  • US dollars (USD) via wire transfer
  • Bitcoin (BTC)
  • Ether (ETH)

How much will it cost me to use Orderbook?

The trading fee when using Orderbook is 0.2%, which is paid by the taker. Deposit and withdrawal fees also apply and are charged in the same currency as the transaction, which is outlined in the table below.

Fee typeAmount
Trading fee0.2%
Deposit fee$15 USD
0.01 ETH
0.0015 OBTC (Orderbook BTC)
Withdrawal fee$65 USD
0.01 ETH
0.0015 OBTC (Orderbook BTC)
1.5 TAAS
0.05 GNO
2 ANT
15 1ST
5 PRO
100 ICO
100 IBA
2 HKN
15 BBT
3 ASTRO
50 WRC
1 ESR
10 RFR
20 AMM
3.5 SRG
5 OROC
5 INSP
10 CHSB
15 0B
15 GLBX
0 RSN
15 REM
250 BENJA

How fast will my funds be available?

The time it takes for your currency to be available in your wallet usually varies by country and payment method. If you’re sending a USD wire transfer, most deposits clear within 2 to 7 working days, but in some cases can take as long as 10 working days.

The time it takes for crypto deposits to arrive depends on the confirmation time of the network.

Are there any limits?

If depositing USD, the following limits apply:

  • Minimum deposit amount is $20
  • Maximum deposit amount is $10,000

Is it safe to use Orderbook?

The Orderbook platform is implemented as a smart contract, which means the entire trade history is available for anyone to audit and cannot be manipulated. All assets are stored on-chain, ensuring that Orderbook never has access to its customers’ funds, with customers trading directly with one another.

The assets you hold on the platform are managed by a user contract and access to the contract is controlled by three private keys. Any two of those keys are needed at a time to perform transactions, so if one of the keyholders (Orderbook, you or the access recovery company) is hacked, the hacker won’t be able to access your assets.

Orderbook also supports two-factor authentication, and you’ll need to supply your name, address, contact information and proof of ID to satisfy Know Your Customer (KYC) regulations.

Customer support

If you need help with your Orderbook account or a particular transaction, you can contact live online chat support. There’s also an online knowledge centre with a number of frequently asked questions and guides to help you get started with your account.

Pros and cons

Pros

  • Simple and straightforward interface
  • Strong security features
  • All tradable assets maintained “on-chain” for transparency
Cons

  • Isn’t as well established as other options
  • Other exchanges offer a wider range of coins and tokens
  • No mobile trading app available
  • Added risks associated with participating in an ICO

Next steps

If you’d like to register for an account with Orderbook and start trading, click on one of the green buttons on this page. You’ll be securely redirected to the Orderbook website, where you will need to provide your name, email address, date of birth and country of residence to create an account.

Remember to also enable two-factor authentication for increased security.

FAQs

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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