Lykke Crypto Exchange Review: Crypto, Fees, Trading Features
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.
Navigating the Risks: A Crypto Trading Disclaimer
Trading in cryptocurrencies involves significant risks and may not be suitable for all investors. The cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Investors should carefully consider their financial situation, risk tolerance, and investment goals before trading. It's essential to conduct thorough research and seek professional advice before making any investment decisions.
Read our advice to avoid losing money in financial markets. Protect your investments today.
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.
Crypto-Scam Warnings
Beware of crypto-scams! Trading cryptocurrencies carries risk and may lead to loss. Research our selection of trusted services to protect your investments. Stay informed, stay secure.
Lykke Review Summary
Criteria | Value |
|---|---|
Cryptocurrency Exchange | Lykke |
Company Website | |
Year Founded | 2015 |
Location | United Kingdom |
https://twitter.com/lykke (7.3K followers on Twitter) | |
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 |
|---|---|
Key Features
Key Features:
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:
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:
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
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.
