SCI

Overview of SCI

SCI is a virtual currency exchange based in the Philippines. It was founded in 2017 and is regulated by the Bangko Sentral ng Pilipinas (BSP). The exchange offers a variety of cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). With a maximum leverage of up to 1:100, SCI provides opportunities for traders to amplify their potential profits.

SCI operates on two trading platforms, SCI Pro and SCI Mobile, providing traders with flexibility and convenience. The exchange supports multiple deposit and withdrawal options, including bank transfer, credit/debit card, Skrill, and Neteller.

Overall, SCI provides a range of features and services to cater to the needs of virtual currency traders. Its regulated status and comprehensive customer support contribute to its appeal as an exchange platform.

Pros and Cons

Pros:

- Regulatory Authority: SCI is regulated by the Bangko Sentral ng Pilipinas (BSP), providing users with a sense of security and assurance that their funds are protected.

- Wide Range of Cryptocurrencies: The exchange offers a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC), allowing users to have a diverse portfolio.

- Maximum Leverage: SCI offers a maximum leverage of up to 1:100, allowing traders to potentially amplify their profits.

Cons:

- Limited Trading Platforms: SCI only operates on two trading platforms, SCI Pro and SCI Mobile. This limits the options for users who prefer other platforms.

- Deposit and Withdrawal Options: While SCI supports popular deposit and withdrawal methods such as bank transfer, credit/debit card, Skrill, and Neteller, it can not offer as many options compared to other exchanges.

These pros and cons provide an objective assessment of SCI, considering its regulatory status, cryptocurrency offerings, leverage options, as well as limitations in terms of trading platforms and deposit/withdrawal options.

Regulatory Authority

As of August 2023, SCI is regulated by the Bangko Sentral ng Pilipinas (BSP), which is the central bank of the Republic of the Philippines. The regulation number is unreleased.

WikiBit acquires regulatory information via a number of avenues, such as official regulatory websites, public records, and direct communication. The platform's staff cross-references data from many reliable sources to confirm the validity of regulatory licenses and certificates.

WikiBit seeks to provide reliable and precise regulatory information to assist traders in making judgments whether selecting exchange.

Security

The security of SCI is an important aspect to consider for users. The exchange implements measures to protect user funds and sensitive information. This includes employing encryption technology to safeguard transactions and personal data.

Additionally, users should consider other security aspects such as two-factor authentication, account verification processes, and the exchange's overall security history. It is essential for users to exercise caution and due diligence when using any virtual currency exchange platform to mitigate potential security risks.

Cryptocurrencies available

The cryptocurrency available on SCI includes Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies are subject to price fluctuations on exchanges, as their values can change based on market supply and demand.

Users can monitor the price fluctuations of these cryptocurrencies by accessing real-time market data on the exchange platforms. This allows them to make informed trading decisions based on market trends and analysis.

How to open an account？

The registration process of SCI typically involves the following steps:

1. Visit the SCI website and click on the “Register” button.

2. Fill out the registration form with your personal details, including your name, email address, and password.

3. Agree to the terms and conditions of the exchange by checking the corresponding box.

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

5. Complete the account verification process by providing additional identification documents as required by the exchange.

6. Once your account is verified, you can proceed to fund your account and start trading on SCI.

Fees

• Spot trading: SCI charges a maker-taker fee model for spot trading. The maker fee is 0.1%, while the taker fee is 0.2%.

• Margin trading: SCI charges an interest rate of 0.03% per day for margin trading.

• Deposit fees: SCI does not charge any deposit fees for cryptocurrencies. However, there may be fees charged by your cryptocurrency exchange or payment processor.

• Withdrawal fees: SCI charges a withdrawal fee of 0.0005 BTC for Bitcoin withdrawals.

  Service	Fee
  Spot trading	Maker fee: 0.1%; Taker fee: 0.2%
  Margin trading	Interest rate: 0.03% per day
  Deposit fees	No fees for cryptocurrencies
  Withdrawal fees	0.0005 BTC for Bitcoin withdrawals

Deposit & Withdrawal

The deposit and withdrawal methods offered by SCI include bank transfer, credit/debit card, Skrill, and Neteller. The processing time for deposits and withdrawals may vary depending on the chosen method and the specific circumstances. Users are advised to refer to the SCI website or contact customer support for more detailed information on deposit and withdrawal methods, as well as the corresponding processing times.

Educational Resources

SCI provides educational resources and tools to help traders enhance their knowledge and skills in virtual currency trading. These include trading guides, video tutorials, and webinars. Traders can access these resources to learn about various aspects of trading, such as technical analysis, risk management, and market trends.

Is SCI a Good Exchange for You？

SCI may be suitable for various trading groups based on its features and offerings.

1. Beginner Traders: SCI's wide range of educational resources and tools, such as trading guides, video tutorials, and webinars, can be beneficial for beginners who are looking to learn about virtual currency trading. The exchange's user-friendly interface and customer support options can also provide assistance to novice traders.

2. Experienced Traders: Experienced traders may appreciate SCI's maximum leverage of up to 1:100, which allows them to potentially amplify their profits. The availability of multiple cryptocurrencies on the exchange also allows for diversification of trading portfolios.

3. Cryptocurrency Enthusiasts: Individuals who are specifically interested in trading cryptocurrencies may find SCI appealing due to its offering of popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). They can take advantage of the exchange's real-time market data to monitor price fluctuations and make informed trading decisions.

4. Security-Conscious Traders: The exchange's regulatory authority under the Financial Conduct Authority (FCA) appeals to traders who prioritize security and want assurance that their funds are protected. The implementation of encryption technology for transaction and data protection can also be appealing.

5. Traders in Supported Countries: It is important to consider that the availability of SCI's services may vary depending on the country of residence. Traders in countries where SCI operates find the exchange suitable for their trading needs.

It is essential for traders to assess their individual trading goals, risk tolerance, and preferences to determine if SCI aligns with their requirements. Conducting thorough research, exploring the exchange's offerings, and considering user reviews can also aid in making an informed decision.

User satisfaction

User satisfaction with SCI can vary depending on their individual experiences. Some users find the access speed of the exchange to be satisfactory, while others have encountered slower access times. Similarly, opinions on fees can differ, with some users considering them reasonable and others perceiving them as high.

When it comes to the trading platform, users have different experiences based on their preferences and technical expertise. Some users find the platform intuitive and user-friendly, while others need to invest time in familiarizing themselves with its features.

The experience of trading cryptocurrencies on SCI also vary. Some users appreciate the platform's functionality and ease of use, while others encounter challenges or have specific requirements that the exchange can not fully meet.

Overall, user satisfaction with SCI is determined by a combination of factors, including individual preferences, expectations, and experiences. It is important for users to conduct their own research and consider various factors before making a decision on whether SCI is suitable for their trading needs.

Conclusion

In conclusion, SCI offers a range of features and services for virtual currency trading. Some advantages of SCI include its implementation of security measures such as encryption technology, the availability of popular cryptocurrencies, and educational resources for traders. Users should thoroughly research and consider their individual needs before deciding if SCI aligns with their trading goals and preferences.

Frequently Asked Questions (FAQs)

Q: What cryptocurrencies are available on SCI？

A: SCI offers Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and more for trading.

Q: What are the trading fees on SCI？

A: The maker fee is 0.1%, while the taker fee is 0.2%.

Q: What deposit and withdrawal methods does SCI offer？

A: SCI offers bank transfer, credit/debit card, Skrill, and Neteller as deposit and withdrawal methods. The specific processing times for these methods may vary.

SCI User Review

User1: I wasn't treated very nice by my supervisor, she was very rude. She would make me work with other rude employees. I did all my work on my own, when I asked for some help no would come and help me.

User2: Dont work for this company. They are unfair with pay and dont compensate you right for the work you do. I have been shorted on my check everytime it was time to get paid and when I brought it to thier attention they made all types of excuses why I shouldnt get compensated for paid.

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.