STREAMITY

Overview of STREAMITY

STREAMITY, founded around 2-5 years ago in China, operates under regulatory oversight from the MajandusTegevuse Register in Estonia, holding a Digital Currency License (Regulation Number: FVT000249). The platform prioritizes security, employing two-factor authentication, cold storage, encryption, and regular security audits. Offering a diverse array of cryptocurrencies, over 100 coins and tokens are available for trading, spanning from Bitcoin and Ethereum to Solana and Avalanche. Trading volumes vary widely, from millions to over 100 million, with market capitalizations ranging from billions to over $400 billion. The registration process involves personal information verification, email confirmation, identity and address proof, and the setup of two-factor authentication. STREAMITY employs a tiered fee structure, with makers and takers incurring fees from 0.02% to 0.10% based on trading volume. Multiple payment methods are available for deposits and withdrawals, including cryptocurrencies, bank transfers, and e-wallets. Educational resources such as tutorials and trading tools aid users, and responsive customer support is accessible via social media channels and email.

Pros and cons

Streamity offers a diverse selection of cryptocurrencies (over 100) and boasts low fees for both makers and takers (0.05% - 0.02%). The platform provides a range of deposit and withdrawal options, including bank transfers, credit cards, debit cards, and e-wallets. Moreover, users can participate in a loyalty program rewarding them with Streamity tokens for trading. On the downside, while the platform is regulated by Estonia's MajandusTegevuse Register, it lacks regulation from a major financial authority. Additionally, some lesser-known cryptocurrencies might not be available, and there are minimum fees attached to each trade ($0.10). While Streamity's rewards program is advantageous, it may not match the generosity of certain other exchanges.

Regulatory Authority

The regulatory situation of STREAMITY can be described as follows:

Regulatory Agency: MajandusTegevuse Register

Regulation Number: FVT000249

Regulation Status: Regulated

License Type: Digital Currency License

License Name: Streamity Group OÜ

The Majandustegevuse Register, often referred to as the Business Register, is a comprehensive and official database in Estonia that maintains information about various economic entities and their activities. It serves as a centralized repository for data related to companies, sole proprietors, non-profit organizations, and other entities operating in the Estonian business landscape.

Security

The security measures implemented by STREAMITY include the following:

1. Two-factor authentication: Users are required to enable two-factor authentication as an additional layer of security for their accounts. This helps protect against unauthorized access.

2. Cold storage: The majority of users' funds are stored in offline cold wallets, which are not connected to the internet. This reduces the risk of theft from online hackers.

3. Encryption: STREAMITY utilizes encryption protocols to secure sensitive user data, such as personal information and transaction details. This helps prevent unauthorized access and ensures data privacy.

4. Regular security audits: The platform conducts regular security audits to identify and address any vulnerabilities in its systems. This helps to maintain a secure environment for users' assets and transactions.

It is important to note that no system is completely immune to security risks, and users should always take precautionary measures to protect their accounts and funds.

Cryptocurrencies Available

Streamity offers a wide variety of cryptocurrencies, with over 100 different coins and tokens available for trading. Here are 10 examples of the cryptocurrencies available on Streamity:

• Bitcoin (BTC)

• Ethereum (ETH)

• Tether (USDT)

• Binance Coin (BNB)

• USD Coin (USDC)

• USD Coin (USDC) cryptocurrency logo

• XRP (XRP)

• Cardano (ADA)

• Solana (SOL)

• Dogecoin (DOGE)

• Terra (LUNA)

• Avalanche (AVAX)

The prices of these cryptocurrencies range from a few cents to over $20,000. The trading volume also varies widely, from a few million to over 100 million. The market capitalization of the cryptocurrencies on Streamity range from a few billion to over $400 billion.

How to open an account？

The registration process of STREAMITY can be summarized in six steps:

1. Visit the STREAMITY website and click on the “Sign Up” button.

2. Fill in the required personal information, such as your full name, email address, and password.

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

4. Complete the additional verification process, which may include providing proof of identity and address.

5. Set up two-factor authentication for added security.

6. Once your account is verified, you can start trading and accessing the platform's features and services.

Fees

STREAMITY charges makers, who add liquidity with limit orders, a fee ranging from 0.05% to 0.02% based on trading volume, while takers, who remove liquidity with market orders, incur fees from 0.10% to 0.04%. Additionally, a minimum fee of $0.10 applies to each trade.

Payment Methods

STREAMITY offers multiple payment methods for users to deposit and withdraw funds. These payment methods include cryptocurrencies, bank transfers, and e-wallets.

Deposits: There are no fees for depositing cryptocurrencies on Streamity.

Withdrawals: The withdrawal fees vary depending on the cryptocurrency being withdrawn. For example, the withdrawal fee for Bitcoin is 0.0005 BTC, while the withdrawal fee for Ethereum is 0.008 ETH.

Educational Resources

STREAMITY provides educational resources and tools to help users navigate the world of virtual currency trading. These resources may include tutorials, guides, and articles that cover various topics such as blockchain technology, cryptocurrency market analysis, and trading strategies. Additionally, the platform may offer tools such as a price chart, order book, and portfolio tracker to assist users in making informed trading decisions. It is important for users to take advantage of these resources and tools to enhance their understanding of virtual currency trading and potentially improve their trading performance.

Customer Support

STREAMITY offers responsive customer support through various channels, including their Twitter account (https://twitter.com/streamityorg) and Facebook page (https://www.facebook.com/streamity), where users can find updates and engage. For direct assistance, users can reach out to their customer service via email at support@streamity.org for general inquiries and aml@streamity.org for matters related to anti-money laundering.

Compare to Other similar Brokers

STREAMITY stands out by offering over 100 cryptocurrencies for trading with daily limits of up to 100 BTC, while its fees range from 0.02% - 0.1% for makers and 0.04% - 0.1% for takers. The platform requires a minimum deposit of $25 and provides up to a 100% bonus on the initial deposit. In comparison, Binance offers 500+ cryptocurrencies with similar daily limits and fees of 0.04% for makers and takers, requiring a $10 minimum deposit and offering up to a 50% bonus. Coinbase and Kraken, with 100+ and 60+ cryptocurrencies respectively, feature fees of 0.5% for makers and takers (Coinbase) and 0.16% - 0.26% (Kraken). Both require minimum deposits of $20 and $0, respectively, with similar promotional offers.

Is STREAMITY a Good Exchange for You？

Based on the features and services provided by STREAMITY, there are several target groups that may find the platform suitable for their trading needs.

1. Beginner Traders: STREAMITY can be a good option for beginner traders who are new to the world of virtual currency trading. The platform offers educational resources and tools that can help these traders understand the basics of trading and make informed decisions. Additionally, the user-friendly interface and variety of payment methods make it easier for beginners to navigate the platform and start trading.

2. Experienced Traders: Experienced traders who are well-versed in virtual currency trading can also benefit from using STREAMITY. The platform provides a wide range of cryptocurrencies for trading, allowing experienced traders to diversify their portfolio and take advantage of different market opportunities. The availability of advanced trading features, such as price charts and order books, further enhances the trading experience for these users.

3. Tech Enthusiasts: STREAMITY may also attract tech enthusiasts who are interested in exploring the potential of blockchain technology and virtual currencies. The platform's commitment to security measures, such as two-factor authentication and encryption, can provide reassurance to these users who prioritize the safety of their assets. Additionally, the availability of educational resources and tools can help tech enthusiasts deepen their understanding of the virtual currency market.

4. Individuals Seeking Flexible Payment Methods: STREAMITY's acceptance of various payment methods, including cryptocurrencies, bank transfers, and e-wallets, makes it suitable for individuals who prefer flexible payment options. This can be especially beneficial for users who have specific preferences or limitations when it comes to accessing their funds.

Conclusion

In conclusion, STREAMITY is a virtual currency exchange platform based in Russia that offers a range of cryptocurrencies for trading. Some advantages of using STREAMITY include the availability of multiple cryptocurrencies, various payment methods, and customer support through email and social media. However, it is important to note the disadvantages, such as the lack of regulation and the varying fees based on transactions. Users should consider these factors and conduct thorough research before engaging with the platform to ensure a secure and satisfactory trading experience.

FAQs

Q: What cryptocurrencies are available for trading on STREAMITY？

A: STREAMITY offers a wide range of cryptocurrencies for trading, including popular options like Bitcoin, Ethereum, Ripple, and Litecoin, among others.

Q: What payment methods does STREAMITY accept？

A: STREAMITY accepts cryptocurrencies, bank transfers, and e-wallets as payment methods, providing users with flexibility and convenience in managing their transactions.

Q: How can I contact the customer support team at STREAMITY？

A: Users can reach out to STREAMITY's customer support team through email and live chat, allowing them to quickly address any inquiries or issues they may have.

Q: Is STREAMITY regulated？

A: As of now, STREAMITY is not regulated by any regulatory authority. This lack of regulation may raise concerns for some users as it means that the platform's operations and security measures are not overseen by a governing body.

Q: Do the fees on STREAMITY vary based on transactions？

A: Yes, the fees charged by STREAMITY are not fixed and can vary depending on the specific transactions. This lack of transparency in fee structure may make it difficult for users to assess the cost of their trades accurately.

User Review

User 1: I've been using STREAMITY for a while now, and I must say that I'm impressed with their security measures. They offer two-factor authentication and store the majority of funds in offline cold wallets, which gives me peace of mind knowing that my assets are safe. The user interface is also intuitive and easy to navigate, making trading a breeze. However, I wish they had more cryptocurrencies available for trading and their customer support could be more responsive at times.

User 2: STREAMITY is a reliable crypto exchange in my opinion. I appreciate that they are regulated and have obtained a digital currency license. This gives me confidence in the platform's operations and security measures. The interface is user-friendly and makes trading a seamless experience. Liquidity is also decent, allowing for easy execution of trades. However, I find their trading fees to be on the higher side compared to other exchanges. Nonetheless, their customer support has been helpful whenever I've had any inquiries. Overall, STREAMITY is a solid choice for crypto trading.

Risk Warning

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.