Lykke Crypto Exchange Review: Crypto, Fees, Trading Features

Lykke

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  • User-friendly
  • Great customer service
  • Lykke offer some 20+ selected cryptocurrencies with liquidity and fiat-to-crypto or fiat-to-fiat pairs
  • Very low trading limits

FUNDING METHODS:

CRYPTOCURRENCIES: 10+

COUNTRIES: 100+

What Is Lykke?

Lykke has been in the financial space for a long time and has several years of international operational experience. They have an efficient, scalable blockchain-agnostic infrastructure and a deep understanding of tokenization. Lykke is committed to achieving its vision by building the necessary infrastructure. They are doing this by creating a front-to-back trading platform for tokenized financial products and native blockchain assets.

Why Trade Cryptocurrency at Lykke?

Lykke is a new fintech company that was founded by Richard Olsen. Olsen previously founded OANDA which was a huge success in the finance industry. Today OANDA is one of the leading forex broker with over twenty-five years experience. Lykke is its next evolutionary step, leveraging blockchain technology and rigorous financial engineering research. This cryptocurrency market is new, but its already making waves. They have a reputation for transparency and offer innovative trading opportunities.

Besides the trading conditions, Lykke crypto exchange offers many other features that will make it valuably easy for all types of traders to trade cryptocurrency or Forex.

Lykke Team


Richard Olsen — Founder and CEO - Lykke Corp

Richard is a recognized pioneer in high-frequency trading.

Niklaus Mettler — Managing Partner - Lykke Business

The main strength of Niklaus is his ability to lead teams to successful execution of complex projects and to bundle different stakeholders' interest to jointly achieve outstanding goals.

Marco Strimer — Lykke Switzerland

Marco has many years of national and international management experience for financial institutions such as UBS, SIX x-clear, Safra Sarasin, and Notenstein La Roche.

Lykke Review Summary

Criteria

Value

Cryptocurrency Exchange

Lykke

Company Website

Year Founded

2015

Location

United Kingdom

Twitter

https://twitter.com/lykke (7.3K followers on Twitter)

Facebook

Blog

Fiat Currency

GBP, CHF, USD, and EUR

Cryptocurrency

10+

Payment Type

Wire transfer, crypto, etc.

Fees

There are no fees or limits for cryptocurrency deposits.

All withdrawal operations have the following fees and minimum limits: https://support.lykke.com/hc/en-us/articles/115002141125-What-are-the-fees-and-min-amounts-

Feature

Total Rating

Ease of Use

5 ⭐⭐⭐⭐⭐

User Interface

5 ⭐⭐⭐⭐⭐

Fees

4,5 ⭐⭐⭐⭐

Security

5 ⭐⭐⭐⭐⭐

Support

4,5 ⭐⭐⭐⭐

Speed

5 ⭐⭐⭐⭐⭐

Payment Options

5 ⭐⭐⭐⭐⭐

Lykke Advantages and Disadvantages

Advantages

Disadvantages

  • User-friendly
  • Great customer service
  • Very low trading limits
  • Quick transactions
  • Lykke offer some 20+ selected cryptocurrencies with liquidity and fiat-to-crypto or fiat-to-fiat pairs
  • Easy onboarding
  • Trading with no headache
  • Small trading volumes

Key Features

Key Features:

  • Deposit and withdraw EUR, CHF, USD, and GBP by bank transfer without fees (except USD withdrawals)
  • Web interface or Android / iOS / Huawei app. You can also connect your trading bot through our API
  • Choose between market and limit orders and take advantage of the 0% trading fee
  • Lykke Wallet is one of the very few exchanges that offer 0 taker and 0 maker fees to API traders
  • The cost of transactions is much lower than the market average: the price that you set in your limit order is the final transaction price, and there's no trading fee on top of it. This is how Lykke creates conditions for its customers to trade cryptocurrency for free

Lykke Exchange

Lykke offers lots of crypto and forex pairs. Platform offers some 20+ selected cryptocurrencies with liquidity and fiat-to-crypto or fiat-to-fiat pairs, and the list is growing!

So, to join trading, it is necessary to:

  • Create your personal account
  • Make a deposit with fiat or cryptocurrency
  • Choose cryptocurrency or a pair you want to invest in
  • Select a payment method
  • Confirm the order

Registration Process

To register, you need to enter your e-mail, and then go through five steps to complete registration: enter the code sent to the specified e-mail, enter your phone number, enter the verification password sent to this number, make up a complex password and enter your name. After creating a profile, you can proceed to the functionality of the exchange.

The registration process is very simple and quick.

Verification

Lykke requires mandatory verification to start trading. Just open an account and get verified in one day.

Moreover, Lykke has 2-step verification system, which is also known as 2FA (2-factor) or multifactor authentication. Thus, the verification on Lykke is based on two keys – password and username.

Coin Support

Lykke offers a range of cryptocurrencies:

  • Avalanch (AVAX)
  • Cardano (ADA)
  • Cosmos (ATOM)
  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Binance Coin (BNB)
  • Compound (COMP)
  • Dai (DAI)
  • DOGE COIN (DOGE)
  • EOS (EOS)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • USD Coin (USDC)
  • Stellar Lumens (XLM)
  • Ripples (XRP)
  • Tezos (XTZ)

Fees

There are no fees or limits for cryptocurrency deposits.

All withdrawal operations have the following fees and minimum limits.

Final Thoughts

That’s a quick overview of Lykke. We encourage you to do your own research and ask any questions you may have in the comments section below. In our next post, we’ll explore some of the key features that make Lykke stand out from other exchanges. We hope this article provides some valuable insights into what Lykke is and why it might be worth considering for your cryptocurrency trading needs.

FAQ

What is Lykke coin?

Market data is untracked. This project is featured as an 'Untracked Listing'. For more details on the listing tiers, please refer to Listings Review Criteria Section B - (3).

How do I buy Bitcoin in Lykke?

To buy Bitcoin on Lykke, you need to create an account and deposit.

Is Lykke Wallet legit and safe?

The Lykke internal wallet is quite secure. However, we recommend storing your funds on decentralized wallets.

Any Questions?

In case you have any questions, ask our team. Our specialists are always ready to help and provide answers to all questions.

Lykke Review Summary 

91% Overall

We have analyzed key features of Lykke based on 3 important criteria for choosing crypto exchange:

  • Trustworthy
  • Usability
  • Fees
    Based on researches and our own tests, we have made an independent rating.
86%
Trustworthy
88%
Usability
100%
Fees

Read Also

Jack Evans


I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments.

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