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THE ROCK TRADING
Italy
Stoppage of Business
10-15 years|
Suspicious Regulatory License|
High potential risk
https://therocktrading.com/en/
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Influence
C
Influence Index NO.1
Italy 3.16
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3This Exchange has ceased its operation, and it has been listed in WikiBit's shut down list of Exchange; please be aware of the risk!
The number of this Exchange's nagitive field survey reviews has reached 1, please be aware of the risk and the potential scam!
It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!
Italy
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| Aspect | Information |
| Company Name | The Rock Trading |
| Registered Country/Area | Malta |
| Founded Year | 2007 |
| Regulatory Authority | Not regulated |
| Numbers of Cryptocurrencies Available | 40+ |
| Fees | 0.2% for takers and 0.1% for makers |
| Payment Methods | Bank transfer, SEPA, Ripple, NixMoney, AdvCash, Epay, Perfect Money, Payeer, Postepay, and more |
| Customer Support | Email:support@therocktrading.combilling@therocktrading.com |
Overview of THE ROCK TRADING
The Rock Trading is a virtual currency exchange platform. It was founded in 2007 in Malta. The platform offers a wide range of over 40 cryptocurrencies for trading.
In terms of fees,The Rock Trading charges 0.2% trading fee for takers and 0.1% trading fee for makers. Users can choose from a variety of payment methods including bank transfer, SEPA, Ripple, NixMoney, AdvCash, Epay, Perfect Money, Payeer, Postepay, and more.
The Rock Trading has ceased its operation. Please be aware of the risk.
Pros and cons
| Pros | Cons |
| Wide range of cryptocurrencies available | Not regulated |
| Multiple customer support channels | Limited educational Resources |
Pros:
- Wide range of cryptocurrencies available: The Rock Trading offers a diverse selection of over 40 cryptocurrencies, providing users with ample options for trading.
-Supports a variety of payment methods: The Rock Tradingsupports a variety of payment methods for depositing and withdrawing funds, including bank transfer, SEPA, Ripple, NixMoney, AdvCash, Epay, Perfect Money, Payeer, Postepay, and more.
Cons:
-Not regulated: The Rock Trading is not regulated by any regulatory authority, raising concerns about the transparency and oversight of the exchange.
-Limited educational Resources: One notable drawback of the trading platform CryptoOrange is the absence of comprehensive educational resources for users.
Regulatory Authority
The Rock Trading is not regulated by any regulatory authority, which may raise concerns about the transparency and oversight of the exchange.
Unregulated exchanges lack the oversight and legal protections provided by regulatory authorities. This can lead to a higher risk of fraud, market manipulation, and security breaches. Without proper regulation, users may also face challenges in seeking recourse or resolving disputes. Additionally, the absence of regulatory oversight can contribute to a less transparent trading environment, making it difficult for users to assess the legitimacy and reliability of the exchange.
Security
The Rock Trading places a strong emphasis on security measures to protect its users' assets. The platform utilizes industry-standard security protocols and employs measures such as two-factor authentication (2FA) to enhance the security of user accounts.
Additionally, The Rock Trading keeps a significant portion of users' funds in cold wallets, which are offline storage devices that are not connected to the internet, in order to minimize the risk of cyber-attacks and unauthorized access. These security measures help safeguard users' assets and provide an added layer of protection.
Cryptocurrencies Available
The Rock Trading offers a wide range of over 40 cryptocurrencies for trading. Users can navigate through a diverse selection of virtual currencies, including popular options such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and many more. These cryptocurrencies can be traded against various fiat currencies and other digital assets on the platform.
In addition to cryptocurrency trading, The Rock Trading may also provide other products and services related to the virtual currency industry. This can include features such as cryptocurrency wallets for secure storage, API access for developers, and potentially even investment opportunities or access to Initial Coin Offerings (ICOs).
How to open an account？
1. To register on The Rock Trading, visit the official website and click on the “Register” button located on the homepage.
2. Fill in the required information, including your email address, password, and any additional details requested by the registration form.
3. Verify your email address by clicking on the verification link sent to your registered email. This step ensures the validity of your email address and enhances the security of your account.
4. Complete any additional verification or KYC (Know Your Customer) procedures, if required by the exchange. This may involve providing identification documents or proof of address.
5. Once your account is verified, you can log in using your registered email and password. Be sure to enable two-factor authentication (2FA) for an added layer of security.
6. After logging in, you may need to deposit funds into your account to start trading. Follow the provided instructions to deposit funds using the available payment methods on the platform.
Fee
Trading Fees:The Rock Trading charges a flat trading fee of 0.20% for all trades. This means that if you trade 1 BTC, you will pay a trading fee of 0.002 BTC. The trading fee is slightly higher for hidden orders, starting at 0.30%.
There is also a VIP tier system that offers discounts on trading fees. To qualify for the VIP tier, you must trade a minimum of 100 BTC per month. The discounts range from 5% to 20%, depending on your trading volume.
Deposit fees: The deposit feesvary depending on the method used. For credit card deposits, there is a 3.5% fee. Bank transfers and SEPA transfers are free, while SWIFT transfers have a fee of 20 EUR.
The withdrawal fees also vary depending on the method used. For cryptocurrency withdrawals, there is a network fee that is charged by the blockchain. For fiat currency withdrawals, there is a flat fee of 0.0001 BTC.
Minimum Deposit and Withdrawal Amount
The minimum deposit amount is 10 EUR for credit card deposits and 50 EUR for bank transfers. The minimum withdrawal amount is 0.001 BTC for cryptocurrency withdrawals and 100 EUR for fiat currency withdrawals.
| Fee Type | Fee Description | Amount |
| Trading Fees | A flat trading fee of 0.20% for all trades. | 0.20% |
| Hidden orders have a slightly higher fee, starting at 0.30%. | Starting at 0.30% | |
| VIP tier system offers fee discounts based on trading volume. | Discounts: 5% - 20% | |
| Deposit Fees | Credit card deposits have a fee of 3.5%. | 3.50% |
| Bank transfers and SEPA transfers are free of charge. | Free | |
| SWIFT transfers incur a fee of 20 EUR. | 20 EUR | |
| Withdrawal Fees | Cryptocurrency withdrawals have network fees based on blockchain charges. | Network Fee |
| Fiat currency withdrawals have a flat fee of 0.0001 BTC. | 0.0001 BTC | |
| Minimum Amounts | Minimum deposit amount: | |
| - Credit card deposits: 10 EUR | 10 EUR | |
| - Bank transfers: 50 EUR | 50 EUR | |
| Minimum Withdrawal | Minimum withdrawal amount: | |
| Amount | - Cryptocurrency withdrawals: 0.001 BTC | 0.001 BTC |
| - Fiat currency withdrawals: 100 EUR | 100 EUR |
Payment Methods
The Rock Trading offers a variety of payment methods for users to deposit and withdraw funds. These methods include bank transfer, SEPA, Ripple, NixMoney, AdvCash, Epay, Perfect Money, Payeer, Postepay, and more.
The processing time for deposits and withdrawals can vary depending on the chosen payment method and the specific circumstances of each transaction.
Educational Resources
The Rock Trading lacks educational resources, which can make it difficult for new users to learn how to use the platform and trade cryptocurrencies.
Some of the educational resources that are missing from The Rock Trading include a comprehensive user guide, video tutorials, live webinars, blogs, etc.
The lack of educational resources on The Rock Trading can make it difficult for new users to learn how to use the platform and trade cryptocurrencies. This can lead to mistakes and losses, which can discourage new users from trading.
Is THE ROCK TRADING a Good Exchange for You？
One potential target group that may benefit from The Rock Trading is experienced traders who value a wide range of cryptocurrencies. With over 40 cryptocurrencies available for trading, including popular options such as Bitcoin, Ethereum, and Ripple, experienced traders can have ample opportunities to diversify their portfolios and explore various trading strategies.
Another target group that may find The Rock Trading appealing is individuals who prioritize security and regulatory compliance. The exchange's emphasis on security measures, such as two-factor authentication and cold wallet storage, can provide users with peace of mind when it comes to protecting their assets. Additionally, the regulatory oversight by the Malta Financial Services Authority helps ensure that the exchange operates in compliance with necessary regulations, which can be particularly important for users who value transparency and consumer protection.
FAQs
Q: What is the benefit of trading on The Rock Trading？
A: The Rock Trading offers a wide range of over 40 cryptocurrencies for trading, providing users with ample options for diversification and trading strategies.
Q: What customer support channels are available on The Rock Trading？
A: The Rock Trading provides multiple customer support channels, including email, a ticket system, and live chat, ensuring users can access assistance whenever needed.
Q: Does The Rock Trading charge any transaction fees？
A: Yes, The Rock Trading charges a 0.2% trading fee for takers and a 0.1% trading fee for makers, which may impact the overall cost of trading on the platform.
Q: Does The Rock Trading accept various payment methods？
A: While The Rock Trading offers a range of payment methods, it may have limited options compared to some other exchanges, potentially limiting convenience for certain users.
4 ratings