Lykke is a virtual currency exchange platform based in Switzerland. Founded in 2015, it is regulated by FINMA, the Swiss financial regulatory authority. The platform offers a wide range of cryptocurre
Aspect | Information |
Company Name | Lykke |
Registered Country/Area | Sweden |
Founded Year | 10-15 years |
Regulation | Regulation status revoked by CYSEC |
Cryptocurrencies Available | Over 20 cryptocurrencies including Bitcoin, Ethereum, Litecoin, etc. |
Trading Fees | Zero trading fees |
Payment Method | Bank transfer, credit card |
Customer Support | Email support (support@lykke.com, lykke@lykke.com), social media (Twitter, Facebook) |
Lykke is a Swedish-based
cryptocurrency
exchange known for its zero trading fees, making it an attractive option for cost-conscious traders.Founded over a decade ago, it offers a mobile app for convenient trading and a limited yet varied selection of cryptocurrencies including Bitcoin and Ethereum. While it covers bank deposit fees, its regulatory status with CYSEC has been revoked, which can impact user trust.
Pros | Cons |
Zero trading fees | Limited selection of cryptocurrencies |
Mobile app available | Revoke the regulation by Lykke |
Offers a pocket to simply the trading excution | Limited deposit options |
Various services for both individuals and businesses | Withdrawal fees apply |
Pros:
Cons:
Lykke previously operated under the regulatory oversight of CYSEC with its Investment Advisory License (License No.: 363/18), but this license has since been revoked.
This change in regulatory status indicates that Lykke no longer adheres to CYSEC's oversight framework, which has implications for traders on the platform.
Lykke employs robust security measures including two-factor authentication (2FA) for account access, encryption of sensitive data, and cold storage for the majority of user funds to prevent unauthorized access and mitigate risks of cyberattacks.
Lykke provides access to a selection of over 20 cryptocurrencies, including major assets like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), alongside newer tokens such as Cardano (ADA), Uniswap (UNI), and Dogecoin (DOGE).
The availability of multiple crypto-to-fiat pairs enhances flexibility, enabling users to easily transition between cryptocurrencies and traditional currencies like USD, EUR, GBP, and CHF.
Lykke offers a variety of trading assets including major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), among others.
Users can also earn through staking or yield farming with select digital assets, providing opportunities for passive income generation alongside active trading activities.
Lykke offers commission-free trading on cryptocurrencies, including Bitcoin, Ethereum, Cardano, Uniswap, Dogecoin, and more. There are no fees for buying, selling, or withdrawing these digital assets. This fee structure applies to all transactions, ensuring transparent and cost-effective trading for users.
Lykke accepts cryptocurrency deposits and supports credit card and wire transfer deposits in USD, EUR, GBP, and CHF.
For cryptocurrency deposits, there are no fees or limits, offering flexibility to users. Withdrawals vary by asset, with minimum withdrawal amounts ranging from specific values like 0.0007 BTC to 50 USDT, and withdrawal transaction fees ranging from 0.0003 BTC to 10 USDT.
Notably, there are no maximum withdrawal limits, ensuring users can manage their funds without constraints within these specified parameters.
Here's a step-by-step guide on how to buy and sell cryptocurrencies on Lykke using the web terminal:
Lykke offers a range of services designed for both individuals and businesses.
For individuals, services include Pocket for mobile wallet solutions, Trade for cryptocurrency trading with zero fees, and Earn for earning passive income through staking or yield farming. The platform also provides utility tokens and facilitates easy communication through Get in touch channels.
For businesses, Lykke offers solutions such as Trading services, secure Custody options, liquidity provision, and Node-as-a-service for blockchain infrastructure.
Lykke Exchange
offers an all-in-one cryptocurrency app facilitating secure buying, selling, and storage of Bitcoin and other cryptocurrencies.To start, download the app, complete verification, and deposit EUR, GBP, or CHF via bank transfer or credit card with zero fees. Enjoy trading over 20 selected cryptocurrencies with crypto-to-fiat pairs, expanding continually. Notably, Lykke covers bank deposit fees for clients, a unique offering. Benefit from fee-free trading, immediate crypto wallet withdrawals, and safe fiat fund withdrawals.
Additional features include a robust API for bot trading, transaction history access, tax reporting assistance, secure asset storage options, and 24/7 human support.
Lykke is the best exchange for cost-conscious traders seeking zero trading fees. This feature makes it highly attractive to active traders looking to maximize their profits by eliminating transaction costs, regardless of their trading frequency or volume.
Lykke appeals to several target groups:
Cost-Conscious Traders: Individuals looking to minimize trading costs can benefit from Lykke's zero trading fees, which can significantly enhance profitability, especially for frequent traders or those dealing with larger volumes.
Businesses Seeking Crypto Solutions: With offerings like custody services and node-as-a-service options, Lykke serves businesses needing secure and scalable blockchain infrastructure solutions. This makes it suitable for enterprises looking to integrate cryptocurrencies or blockchain technology into their operations efficiently.
Lykke provides customer support through various channels, including email at support@lykke.com and lykke@lykke.com.
They are also active on social media platforms like Twitter (https://twitter.com/lykke/) and Facebook (https://www.facebook.com/LykkeCity/), where users can seek assistance and stay updated on platform developments and announcements.
Does Lykke charge trading fees?
No, Lykke does not charge any trading fees, allowing users to trade cryptocurrencies without incurring additional costs.
What cryptocurrencies can be traded on Lykke?
Lykke offers a selection of cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and several others.
How can I deposit funds on Lykke?
You can deposit funds on Lykke using bank transfers and credit cards in USD, EUR, GBP, and CHF, with no fees charged by the platform.
Does Lykke provide customer support?
Yes, Lykke offers customer support through email (support@lykke.com, lykke@lykke.com) and social media platforms like Twitter and Facebook.
What additional services does Lykke offer?
Lykke provides services such as mobile wallet solutions through their “Pocket” app, custody solutions, liquidity provision, and node-as-a-service options for businesses.
Cryptocurrency exchange
investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments.Cryptocurrency exchanges
are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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