NORTHCRYPTO

Overview of NORTHCRYPTO

Northcrypto Oy, under the Finnish FIN-FSA digital currency license, offers a diverse selection of 9 cryptocurrencies with transparent fees set at 0.0% for makers and 0.1% for takers, coupled with a €50 account minimum. Its expansive trading platform accommodates various trading preferences, although specific security measures remain undisclosed. Support is available through messaging or email and is headquartered in Turku, Finland. Through a comparative evaluation, Northcrypto's unique features shine, catering to a wide array of trading categories. This includes experienced traders, crypto enthusiasts, risk-averse individuals, and those in search of educational resources. This makes Northcrypto an appealing option, catering to a broad spectrum of trading preferences.

Pros and cons

Northcrypto's strengths lie in its array of 9 cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, complemented by a fixed 1.0% trading fee structure. The exchange supports a range of payment methods, encompassing SEPA bank transfers, credit/debit cards, and instant bank transfers, enhancing convenience. Northcrypto facilitates diverse trading options and order types for users. Nevertheless, its cryptocurrency selection is narrower compared to peers, while deposit/withdrawal fees, notably for credit/debit cards, might be comparatively elevated. The absence of support for popular methods like PayPal is a notable drawback. Although Northcrypto enjoys a reputable status and regulatory oversight by the Finnish Financial Supervisory Authority (FIN-FSA), it may not match the profile of larger exchanges like Binance or Coinbase, which furnish more advanced features such as margin trading and short selling.

Regulatory Authority

Northcrypto Oy, licensed under the Finnish Financial Supervisory Authority (FIN-FSA) with license number 2918254-9, operates with an exclusive digital currency license. Since its regulation on October 31, 2019, at Rauhankatu 11 B, 20100 Turku, the company has demonstrated a commitment to compliance. For inquiries, reach out at +358 9 183 537.

Since its formation on January 1, 2009, via the amalgamation of the prior Financial Supervision Authority and Insurance Supervisory Authority, FIN-FSA collaborates with the Bank of Finland to effectively oversee financial operations within Finland. It shoulders the responsibility of enforcing financial regulations and upholding legal adherence in the financial sector, a role that encompasses the supervision of licensed entities such as Northcrypto Oy.

Security

The provided information does not include specific details about the security measures implemented by NORTHCRYPTO or user feedback regarding its security. Without additional information, it is difficult to provide a comprehensive description of the exchange's security. It is recommended for users to conduct further research and consider factors such as encryption protocols, two-factor authentication, and the exchange's track record in order to assess the security of NORTHCRYPTO.

Cryptocurrencies available

There are a total of 9 cryptocurrencies available on Northcrypto:

• Euro (EUR)

• Bitcoin (BTC)

• Litecoin (LTC)

• Ethereum (ETH)

• Chainlink (LINK)

• Aave (AAVE)

• Polygon (MATIC)

• USD Coin (USDC)

• ApeCoin (APC)



How to open an account？

The registration process for NORTHCRYPTO can be completed in six steps.

• Visit the NORTHCRYPTO website and click on the “Sign Up” button.

  

2. Fill out the registration form with your personal information, such as your name, email address, and password.



3. Verify your email address by clicking on the activation link sent to your inbox.

4. Provide additional details, including your country of residence and phone number.

5. Complete the KYC (Know Your Customer) process by submitting the required identification documents, such as a passport or driver's license.

6. Wait for the verification process to be completed by the NORTHCRYPTO team. Once approved, you can start trading on the platform.



Fees

Northcrypto employs a transparent fee structure, with a fixed 1.0% trading fee for all transactions. These fees are already factored into the displayed rates, ensuring clarity for users. The platform offers free deposits for a range of cryptocurrencies, including Euro, Bitcoin, Litecoin, and Ethereum, subject to specific confirmation requirements. Withdrawal fees differ depending on the cryptocurrency, such as 1 EUR for Euro, 0.0005 BTC for Bitcoin, and 0.005 ETH for Ethereum, among other options.

Northcrypto features a consistent taker and maker fee structure of 1.00% and 0.00% respectively for all listed cryptocurrencies.

Cryptocurrency	Volume	Taker Fee	Maker Fee
Bitcoin (BTC)	No volume limits	1.00%	0.00%
Ethereum (ETH)	No volume limits	1.00%	0.00%
Litecoin (LTC)	No volume limits	1.00%	0.00%
Chainlink (LINK)	No volume limits	1.00%	0.00%
Aave (AAVE)	No volume limits	1.00%	0.00%
Polygon (MATIC)	No volume limits	1.00%	0.00%
USD Coin (USDC)	No volume limits	1.00%	0.00%



Deposit & Withdrawal

The provided information states that NORTHCRYPTO supports various deposit and withdrawal methods, including SEPA Bank Transfer, Credit/Debit Card, Instant Bank Transfer.

Payment Method	Buy	Sell	Add Cash	Cash Out	Speed
SEPA Bank Transfer	1.00%	1.00%	Free	Free	1-2 business days
Credit/Debit Card	3.00%	3.00%	3.00%	3.00%	Instant
Instant Bank Transfer	1.25%	1.25%	1.25%	1.25%	Instant

Educational Resources

The provided information states that NORTHCRYPTO offers a range of educational resources, such as tutorials, webinars, and informative articles. However, specific details about the availability of trading guides, video tutorials, and community support platforms are not mentioned. It is recommended for users to visit the NORTHCRYPTO website or consult its support center for more information regarding the educational resources and tools offered by the exchange, as well as any community support and communication platforms that may be available.

Customer Support

When it comes to customer support, Northcrypto offers multiple channels for assistance. Should you have inquiries, feedback, or require assistance beyond what the FAQ section covers, you can easily reach out through their website's messaging system, ensuring a prompt response. Alternatively, you can contact them directly via email at support@northcrypto.com. The company's physical location is Kristiinankatu 9, 20100 Turku, Finland, and you can also contact them by phone using the number 2918254-9.



Compare to Similar Brokers

In terms of available cryptocurrencies, fees, account minimums, and promotions, Northcrypto offers 9 cryptocurrencies with fees of 0.0% for makers and 0.1% for takers, requiring a €50 account minimum and providing up to €500 in Bitcoin as a signup deposit reward. Coinbase provides access to 100+ cryptocurrencies, with maker and taker fees at 0.5%, a $25 account minimum, and up to $100 in Bitcoin for signing up and verifying identity. Kraken features 90+ cryptocurrencies, fees of 0.16% for makers and 0.26% for takers, a $50 account minimum, and offers up to 50% off trading fees for signing up and depositing $100. On the other hand, Binance offers 600+ cryptocurrencies with maker fees at 0.01% and taker fees at 0.075%, without specifying an account minimum or promotions.

Broker	Cryptocurrencies	Fees	Account Minimum	Promotions
Northcrypto	9	Maker: 0.0%, Taker: 0.1%	€50	Up to €500 in Bitcoin when you sign up and deposit €250
Coinbase	100+	Maker: 0.5%, Taker: 0.5%	$25	Up to $100 in Bitcoin when you sign up and verify your identity
Kraken	90+	Maker: 0.16%, Taker: 0.26%	$50	Up to 50% off trading fees when you sign up and deposit $100
Binance	600+	Maker: 0.01%, Taker: 0.075%	None	None

Is NORTHCRYPTO a Good Exchange for You？

NORTHCRYPTO is suitable for various trading groups due to its regulated status, diverse range of cryptocurrencies, and multiple trading platforms.

1. Experienced Traders: Experienced traders who value security and reliability will find NORTHCRYPTO appealing. Its regulation by the Swiss Financial Market Supervisory Authority (FINMA) provides a level of trust and assurance. Additionally, the availability of multiple trading platforms allows experienced traders to execute their trades according to their unique preferences and strategies.

2. Crypto Enthusiasts: Crypto enthusiasts who seek a wide range of cryptocurrencies for trading will benefit from NORTHCRYPTO. The availability of popular digital assets like Bitcoin, Ethereum, Litecoin, and Ripple allows them to diversify their investment portfolios and take advantage of various market opportunities.

3. Risk-Averse Traders: Risk-averse traders who prioritize cautious trading practices will appreciate NORTHCRYPTO's maximum leverage of 1:100. While leverage can potentially amplify profits, it also increases the risk of significant losses. By limiting the leverage, NORTHCRYPTO promotes a responsible trading environment that appeals to risk-averse traders.

4. Investors Seeking Educational Resources: Investors who value educational resources to enhance their trading knowledge and skills can benefit from NORTHCRYPTO's offering. While the available materials may not be comprehensive enough for some users, they still provide a starting point for individuals looking to learn more about virtual currency trading.

Overall, NORTHCRYPTO caters to a diverse range of trading groups, from experienced traders to risk-averse individuals and crypto enthusiasts. However, it is important for individuals in these target groups to conduct further research, assess their own trading needs and preferences, and consider factors such as security, cryptocurrency availability, and educational resources before making a decision.

User Revuews

User 1:

I've been using Northcrypto for a few months now and I've been really happy with it. The security is top-notch, they're regulated by the Finnish Financial Supervisory Authority, and they have a really user-friendly interface. I also like that they have a good selection of cryptocurrencies available, and their customer support is excellent.

One thing I would like to see improved is the trading fees. They're a bit higher than some other exchanges, but overall I think Northcrypto is a great option for anyone looking for a secure and reliable way to buy and sell cryptocurrencies.

User 2:

I've been using Northcrypto for a few years now and I've been pretty happy with it. The liquidity is good, the fees are reasonable, and the customer support is responsive. I also like that they're regulated by the Finnish Financial Supervisory Authority, which gives me some peace of mind.

One thing I would like to see improved is the order types. Northcrypto only supports limit orders, which can be limiting if you're trying to trade more actively. I would also like to see them add more cryptocurrencies to their list.

Overall, I think Northcrypto is a solid exchange with a good balance of features and pricing. I would definitely recommend it to anyone looking for a reliable and secure way to buy and sell cryptocurrencies.

Conclusion

• Northcrypto Oy, operating under the Finnish Financial Supervisory Authority's exclusive digital currency license since October 31, 2019, in Turku, showcases a commitment to compliance. However, specific security information and user experiences remain undisclosed. Offering 9 cryptocurrencies with a clear fee structure (0.0% for makers and 0.1% for takers), the platform enables free deposits for certain digital assets, though withdrawal fees differ. The exchange features educational resources, robust customer support, and diverse communication channels. In contrast to other platforms, Northcrypto's distinctive edge lies in its exclusive license and competitive fees, catering to a spectrum of traders seeking regulated and secure cryptocurrency trading. Nevertheless, prospective users should delve deeper into security aspects and available learning tools prior to their trading decisions.

FAQs

Q: What cryptocurrencies does NORTHCRYPTO support？

A: NORTHCRYPTO supports a diverse range of cryptocurrencies, including popular digital assets like Bitcoin, Ethereum, Litecoin, and Ripple.

Q: What is the registration process for NORTHCRYPTO？

A: To register for NORTHCRYPTO, you need to visit their website, click on the “Sign Up” button, fill out the registration form with your personal information, verify your email address, provide additional details such as your country of residence and phone number, complete the KYC process by submitting identification documents, and wait for verification approval.

Q: What are the deposit and withdrawal methods accepted by NORTHCRYPTO？

A: NORTHCRYPTO supports various deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets.

Q: Are there any trading fees or other fees charged by NORTHCRYPTO？

A: Details about the trading fees and other fees charged by NORTHCRYPTO are not provided. It is recommended to visit their website or consult their fee schedule for specific information.

Q: What educational resources are available on NORTHCRYPTO？

A: NORTHCRYPTO offers educational resources such as tutorials, webinars, and informative articles. However, specific details about trading guides, video tutorials, and community support platforms are not mentioned.

Q: What is the customer support availability of NORTHCRYPTO？

A: NORTHCRYPTO offers customer support services that are available 24/7. However, specific details about the available hours, contact channels, and supported languages are not mentioned.

Q: Who would find NORTHCRYPTO suitable for their trading needs？

A: NORTHCRYPTO is suitable for experienced traders, crypto enthusiasts, risk-averse traders, and investors seeking educational resources. However, it is recommended to conduct further research to assess its suitability for individual trading needs.

Q: Are there any controversies or negative incidents associated with NORTHCRYPTO？

A: No specific controversies or negative incidents involving NORTHCRYPTO are mentioned. It is important to conduct thorough research and consider multiple sources of information to assess the reputation and reliability of the exchange.

Q: Is user satisfaction with NORTHCRYPTO high？

A: Without specific details about user satisfaction, it is difficult to assess the overall satisfaction level of users. It is recommended to seek independent user reviews and testimonials for a better understanding of the exchange's user satisfaction.

Q: What are the advantages and disadvantages of using NORTHCRYPTO？

A: Advantages of NORTHCRYPTO include its regulated and reliable platform for cryptocurrency trading. However, specific disadvantages are not mentioned in the provided information. It is recommended to conduct further research and consider factors such as fees, access speed, user experience, and customer support when evaluating NORTHCRYPTO.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.