The platform can be used afterwards. For deposit security, we strongly recommend using 2-factor authentication right after the first login, in addition to a secure password.
Additionally, there are some other good security features: Ethereum Trader offers to send encrypted emails and to create whitelists. These can be created for both coin payout addresses and IP addresses. Furthermore, withdrawal requests from previously unused IP addresses have to be authorized via email, and withdrawals can even be blocked for 24 hours for new IP addresses.
Read more here: https://www.indexuniverse.eu/ethereum-trader-review/
How anonymous is Ethereum Trader and what are the limits?
Wow: Ethereum Trader does not require any personal identification, unlike other crypto exchanges such as Bittrex or Poloniex, each of which is based in the US.
So, no identification documents or photos need to be submitted.
This makes working with the platform a lot easier, as it saves a lot of time. Bravo!
On other exchanges, the daily or weekly withdrawal limit is often measured by the verification level.
On Ethereum Trader, there are no daily withdrawal limits. So you have maximum flexibility.
What altcoins are available?
Ethereum Trader focuses on a few, but very important cryptocurrencies. Currently you can find:
- Bitcoin (BTC)
- Ethereum (ETH)
- BitcoinCash (BCH)
- Litecoin (LTC)
- Ripple (XRP)
- IOTA (MIOTA)
- OmiseGo (OMG)
- Monero (XMR)
- Ethereum Classic (ETC)
- Santiment (SAN)
- Zcash (ZEC)
Thus, Ethereum Trader has a much smaller offering than, for example, Poloniex (66 coins) or even Bittrex (200 coins).
Our assessment: All important coins are represented on Ethereum Trader. Moreover, Ethereum Trader currently holds the trading monopoly for next-generation cryptocurrencies, e.g. IOTA and OmiseGo, which are said to have great potential for the future.
It can be assumed that Ethereum Trader has deliberately opted for a manageable offering that represents currencies that will continue to make a name for themselves in the future.
Proponents can see this as a hint for investors who want to diversify – skeptics probably see some market influence here.
Trading on Ethereum Trader: How do I buy Altcoins with Bitcoin?
- In addition to our very specific instructions on IOTA and OmiseGo, here is a general description.
- Exchanging coins is very simple – but can be a bit confusing at first.
- Go to the desired cryptocurrency on the top left under “Trading”, select the trading pair and confirm by clicking.
Then enter the desired number of tokens in the “Order Form” box and specify the trading price. After clicking on “Exchange Buy”, the tokens will be offered at Bitcoin at the above conditions.
If another trader wants to sell at these conditions, the trade will take place. As a rule, this only takes a few minutes. Afterwards, you receive a short message and the coins are credited to “wallets”.
If the trade does not take place, the price can be adjusted under “Positions” or “Orders”.