Mycrypto.market review: is safe or a scam? (09.2024) (2024)

Currencies: 204(153 fiat &51 crypto)Countries: 255PSs & Banks: 571Exchanges: 333Offers:

BTC/USD:

What do we know aboutMycrypto.market?According to the data we possess, it appears to be aquite reputable,well established,promisingdealer aka exchanger.It's a brokersuccessfullyoperating forabout7 years and1 months.Mycrypto.market supportssome of the popularcrypto.Mycrypto.market operator isan unknown entity or a group of individuals,but we must add that it appears as the usual way to docrypto-related business in their jurisdiction.

Clients fromall the255countries & territoriesare welcome here,together with your home country: Israel!Broker serves the US and allows registrations fromall the56states.Unfortunately we couldn't yet collect enough data about the order processing speed from the actual customers,maybe you know how fast Mycrypto.market processes the orders? If you do, pleaseshare the knowledge!Thanks a lot!Specific types of orders may require identity verificationto exchange crypto on this broker.

Starting from2017,mycrypto.marketis trying its best to earn the trust from the community.Despite that, our users hasn't yet rated or reviewed broker.Have you ever used the Mycrypto.market?If you did, please spend a minute toleave your valuable feedback,we really appreciate it and put our trust on you. Thanks!Despite the facthadn't yet collected enough data to list these guysamong the rest of the approved exchange services(more information below) and therefore can't yet assign the rating to thisbroker, we can propose a preliminary evaluation:71/100.Not bad!

So, what's our opinion so far? Based on the information we currently hold,Mycrypto.market should be apretty safesite toswapBitcoins;a satisfying exchange, particularly popular among the clients!Let's appraise everything in details...

Overview: is Mycrypto.market safe?

Mycrypto.marketoperates as theBroker.A project had started up inJuly 2017.Despite the fact that wecouldn't find any information about the company that manages mycrypto.marketsite (and are not even sure if there's a legal entity at all),we must say that it's rather a usual practice forthe "exchangers"from Russia and the neighboring countries.The main reason for this is the uncertain local regulation;such exchange providers have no way to open a corporate bank account, etc.

Research:best alternative to Mycrypto.market

By reason of we can't (yet?)endorse the mycrypto.market,you may feel safer choosing the website we've already appraised and checked in full.Thereforewe took the liberty to research the market and suggesta viable, well-known, 100% trusted alternative exchange platform.How we did it? Let's explain! Makes sense to start from figuringout what exactly we are looking for:

A glance at the service specifics confirms thatMycrypto.market employs the business model of aBroker;exchange started the business July 2017and up-to-date operates for7 yearsand1 months.It received some reviews and seems to be known on the local market.There is no information available about the companydoing business asMycrypto.market, etc.Please note that it's just a super-small snapshot of what we've discovered,details about the business model are available in the"what we already know about mycrypto.market"section.Considering all the abovementioned,we were looking for anotherbroker allowing registrations fromIsraelwith a flawless reputation and the best ratingand found a perfect match:TransCoin!Let's figure out what makes it the safest choice:

TRANSCOINis also aBroker;exchange started to provide the services in May 2018.It is areally trusted,surely a respectable,well established,interestingexchange platform(broker) that supports1cryptocurrency:you canThis is what we value the most about this great exchange service:

• It is a respectable financial company; the firm holds required license(s) and is fully compliant with the regulation
• The business model of an exchange broker doesn't require to store the customers' money,there are no accounts, etc. The crypto (or fiat) payment will be instantly delivered to a wallet (bank or fiat payment system)of your choice
• The exchange runs the business for a long time;project was started6 yearsand4 monthsago
• TransCoinaccepts the registrations from 255 countries;customers from Israelcan use the services
• Customers' testimonials are top notch,100% (5 out of5) wrote about the positive experience doing business with TransCoin.

According to our research and the community vote, TransCoin is the best Broker worldwide.That's a really outstanding result,considering that we compare 333 exchange platforms!Long story short, this means thattranscoin.metruly stands out in terms of reliability, reputation, etc. - you name it...We are sure, you won't regret your choice!

Mycrypto.market fees, limits, verification, etc.

Even though we still consider if we should add MYCRYPTO.MARKETto the list of approved exchange platformsand the individual dealers-exchangersand are in process of gathering and evaluating the information,we've already collected some data worth sharing.The business appears like areputablebrokerrunningwithout serious issuesfrom Jul 2017.We could not find any information about the company administering the website;no signs if there's any legal entity at all. That's not a good indication,but sadly it's rather a usual practice for"exchangers" operating on/from the Russian and ex-USSR market.

mycrypto.market is a broker, sort of "crypto exchange bureau" online.Buying and sellingaside, there's usually not much to do on such a website;but isn't it exactly what we are looking for?On a positive note, the brokers don't hold the clients' funds and typically require less trust, etc.

Dealing with a reputable service of the sortis virtually risk-free, especially if you don't send a lump sum at once.Just please remember thattrading with an anonymous or almost anonymous dealer requires extra caution!

Fees & Limits at Mycrypto.market

We normally analyze the fees and limits even for the exchanges that are not yet listed but are in the "watch list",while we are considering if we should add these sites or not.Unfortunately, due to some technical issuesthe integration with Mycrypto.market is not yet set,and therefore we can't state anything about the fees and purchase limits at thisbroker.Please accept our apologies!

Mycrypto.market account verification

The broker may ask the customers to complete the user identificationprocess (account verification) when certain conditions are met.Exchangers like Mycrypto.market operate in a gray areadue to the fact that their target markets have no cryptocurrency regulation in place.Therefore such providers either have no KYC programs at all or maintain a very simple one.You'll get acquainted with the details during an order submission.

As for the estimation how long does it takes to verify an account atMycrypto.market on average:we must apologize, our platform still haven't collected enough feedback from the real users of abroker.By any chance, if you know how fast mycrypto.marketis with an account verification,kindly let us know too.We really appreciate your commitment!

Supported countries

The website allows the user registrations from 255countries.Actually it appears that absolutely all the countries and territories are supported bymycrypto.market, it has no blacklisted geographies and no geo-restrictions!

Is it possible to use Mycrypto.marketfrom Israel(IL)?

Yes! The website is open for IL residents, as claimed by the information we found.Mycrypto.market serves the customers from Israeland permitsto swap all the cryptos and tokens offered by the broker.

Details are currently unavailable, pardon the inconvenience.Regardless, you can consult with the exchange website to see what's offered@ Mycrypto.market today for visitors from Israel.

Does Mycrypto.market allow the users from United States (US)?

That's right, it does!mycrypto.market permits the registrations from the United States!Broker grants access to the customers fromall the existing 56 states, territories, and commonwealthsof the U.S.A..

American residents and the U.S. citizens are welcome toconvert various crypto currencies offered by the broker.

Customers' testimonials

We still hadn't received any reviews of mycrypto.marketwe could verify.We'd love to know what our valued visitors think of this website;based on that we'll decide should we approve theBroker or not.If you've already tried this serviceor know someone who did we are counting on you!What do you think about this exchange?Please share your experience, your thoughts...even just a few words testimonial is a great help!

FAQ about Mycrypto.market

Mycrypto.market vs other exchanges

In case you prefer to deal with a brokerthat was already fully checked and rated by our reviewers, algorithms, and theactual clientele,we took the liberty to compile a list of alternative sitesyou may use instead of Mycrypto.market. There are similar exchanges providingmore or less the same services; let's see what else is available rightaway and compare it to the reviewed business!Besides, we found platforms having similar ratingthat are popular in Israel particularly andAsiain general.And by the way, if you are eager to pick an exchange basing on a rate and fees mostly,our price comparison platform always finds themost reasonable exchange rates inIsrael!

Conclusion: is Mycrypto.market legit or scam?

Seems it's time to finalize the report, to make a judgment call.Is Mycrypto.market a scam or is it a legitimate exchange?How secure the mycrypto.market website is?Can you trust Mycrypto.market with your money?And (in our case) the most frequently asked question:Why the broker is not yet ranked at ExchangeRates.Pro?Let's start by answering the last question and, you'll see, the replies to the rest will follow.Can't wait? Help yourselfjumping to the final verdict!

Why we hadn't yetranked and fully listed MYCRYPTO.MARKETand what does it mean?

The routine for adding a new exchange,especially if it's a Broker,to ExchangeRates.Pro listing is rather a long processand it depends on few factors we don't control directly.Our approach to the process is «better be safe than sorry»;we already have 37well-tested platforms providing similar to Mycrypto.market functionality.22different exchange websites of broker type are among thoseand additionally, there are4peer-to-peer marketplaces.10,613exchange offers are available right away;these cover almost all the payment systems and local banks available inIsrael and Asiafor buying and selling BTC, cryptos, and tokens withIsraeli New Sheqel,US Dollars,EURos,whatever.Hence, we never hurry to add more websites until we are 100% sure we did everything we could to verify the data and test every service well ourselves.It takes time.Moreover, there are two circ*mstances that are out of our direct control:

1. All the exchange services,most notablythe broker type onesare staying in the "pending approval" state until we collect at least a few reviews from the genuine customers,the ones we can actually verify. In addition,we monitor the clients' testimonials at the trusted review platforms, social networks, etc.,and postpone the approval until we find enough evidence thatthe broker has no unresolved complaintsand there are enough convincing users recommendations.
2. We receive the new applications dailyand like over 90% are from the other Brokers.It consumes a lot of time to check each and every one;there's a large queue and we have to be selective when choosing which applications to process first.Considering there's 278pending applications from other "exchangers",websites that are very similar to Mycrypto.market,we can't promise that we'll process this one very fast, our apologies.

Exceptions from these two rules may happen only in very rare extraordinary cases.As you can see, we move forward with listing new exchanges slowlyand the queue for Brokers is the largest one,but as a consequence,only the best brokers are getting approved.Although we can't endorse Mycrypto.market and hadn't rated it (in full) yet,we believe thatit should get approval if we won't receive any complaints.

So is Mycrypto.market a legit exchange or a fraud?

Looking at the data we possess, it's clear that Mycrypto.marketis not a scam, not a fraudulent website, etc.,you name it.Even though we are not endorsing this broker,it appears to be trustworthy and worth trying.Furthermore, it could become a nice addition to our listing,considering there won't be any complaints or accusations from the users.Try exchanging at Mycrypto.market yourselfand don't forget to share your experience!

Alternative solution:how to findthe best rate to exchange BTC & cryptoin Israel andAsia

There is another way of finding the most worthy alternative to Mycrypto.marketthat will work best for you.What if instead of opposing the features of various exchanges we'llcompare the terms of the specific offerings that all the marketplaces,brokers, dealers, and even individual exchangers provide?That's exactly what our platform does!We assist you in choosing the most appropriate dealconsidering:

• The fees and rates provided at the moment by21exchange websites of a "Broker" typeand 10,613other offers.
• BTC/ILSexchange rate at those or BTC/USD, etc;the availability of service for the residents of Israel (and the Israeli New Sheqel support).
• Which local banks & payment systems out of55 serving ILare the fastest, most convenient and cost-efficient personally for you.
• Amount you need to swap: say,the conditions for exchangingILS4.04will be significantly different from the terms of$58,802.0conversion.
• And of course, you see the rating, users reviews(up-to-date 539real clients testimonials), etc.for all the offers available!

Our platform could find 51offers to buy, sell, exchange BTC available to users fromIsrael,and 2 of these are for theIsraeli New Sheqel currency.USDis another option you may consider using.There are totally 35exchange services supporting IL.Some of those are providing the access toILS|BTC market,including such types asBroker,Trading Platform,etc.You are welcome to choose from20banks and payment systems, either local or the international ones!The local dealers and exchanges are mentioning the support of1 local banking institutions and the payment systems.According to the latest data we have,the lowest fee topurchase BTCwith ILS locally is available forVisa & Mastercard,payment systemof theCredit/Debit Cards type.The most popular domestic options for purchasing BTC @ IL:

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Our software couldn't get an access to the data what's available atmycrypto.marketfor the clients from Israel,howeverwe are sure that you'll find a worthy alternativeon one of36 exchange websites we compare the rates at!Check out what the local dealers and platforms are offering:currently there are 1domestic banks supported.Besides, you may find something interesting browsing10,613offers available with20ways to pay internationally,either to neighboring countries in Asiaor to any other part of the world.