Exrates is a digital cryptocurrency marketplace. It was launched in 2016 by the Exrates Ltd. company registered in Armenia. This country has no legislative restrictions or regulations of cryptocurrency trading. Hence, Exrates has no official license. It offers a large number of altcoins and fiat currencies for trading. Exrates does not offer its users a crypto-wallet service. It acts as an intermediary between makers and takers. Trading fees for both of these categories are 0.2%. The trading platform also charges a 0.5% replenishment fee. There were plenty of negative reviews of this exchange during the first year of its operation. Users claimed it for troubles with interface and cryptocurrency exchange rate updates. However, since early 2017 the situation changed significantly. The developers fixed the interface of their exchange and its trading volume became growing.
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