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ShareThe column continues where we compare different crypto platforms and products. Its goal is to provide users and people interested in crypto with detailed information and make it easier for them to make appropriate decisions.
At the same time, comparing Cryptal with other crypto exchanges, we try to constantly create a better product than our competitors and better see the aspects that we need to improve.
In this blog we will talk about two crypto platforms - Cryptal and Coinmania. We will tell you what is the difference between them and compare different functionalities.
What trading methods are available?
There are several ways to buy crypto assets, be it Bitcoin or others. The most popular and common method is Spot Trade and Convert.
Both ways of trading are available on Cryptal, be it using the Instant Trade function or participating in exchange trades, i.e. the Spot exchange.
Coinmania is not an exchange, therefore only the Instant Trade function is available. Users cannot trade on the exchange.
Is an Over-The-Counter (OTC) broker available?
For people who want to buy or sell cryptocurrencies without making a request on an exchange, quickly and at a better rate, they turn to an in-person broker, or OTC service.
It is important for a crypto exchange to provide its customers with OTC services.
It is not possible to use a personal broker service on Coinmania, but on Cryptal, you can write to us here to get OTC service.
What Fiats are supported?
In order for the user to be able to easily purchase crypto assets, be it Bitcoin or others, the platform needs to support popular fiat currencies.
The main traditional currencies that users use to buy crypto coins are Lari, USD and Euro.
How do you Top up Balance and withdraw money?
If you want to Top up the Balance or withdraw money on any platform, be it Cryptal or Coinmania, there should be easy ways. The most common means for this are bank transfers or using bank cards.
If you decide to deposit or withdraw money on Cryptal or Coinmania, you can do so using Visa and Mastercard cards, as well as via bank transfer.
How much is the trading fee?
For any trader, whether experienced or a beginner, trading commissions are important.
Since Coinmania does not have a spot exchange, there is no such fee, and in case of trading on the Cryptal exchange, there is a fixed Taker/Maker fee of 0.25%.
Regarding other fees:
If you want to buy USDT on Cryptal, conditionally, you can do it with 1.8% commission, and on Coinmania - 5%.
And if you sell USDT on Cryptal, you get an additional +0.4% profit. If you decide to sell your crypto assets on Coinmania, you get a 3% commission.
How much is the Top Up fee?
If you decide to top up on Cryptal, you won't pay any fees using bank transfer, you will be credited exactly as much as you deposit.
Using Visa and MasterCard, the commission is 3%.
Using bank transfer for deposit is also 0% possible on Coinmania, and Visa and Mastercard deposits are not available.
Note that there are limits on deposits - bank transfers on Cryptal and Coinmania are unlimited. And when using Visa/Mastercard on Cryptal, there is a limit of 5000 GEL per day.
How much is the withdrawal fee?
If you want to withdraw your assets, you can use a bank transfer from Cryptal at 0%, you will not be charged any commission, while in the case of Coinmania, the commission is 1 GEL.
Using Visa and MasterCard, the transfer fee from Cryptal is 1.2 GEL.
Please note that there is a limit of 5,000,000 for bank transfers on Cryptal, and the limit for using bank cards is 3,000 GEL per day.
Cryptocurrency withdrawals and top-ups on both Cryptal and Coinmania are unlimited.
How many coins are supported?
For traders and for Staking, it is important to have a big variety of coins to choose from.
You can trade 26 different cryptocurrencies on Cryptal, including popular ones like Bitcoin, Ethereum, Litecoin and USDT.
Using Coinmania, you can buy and sell 14 crypto assets.
How do I contact Support?
It is important for users to receive a fast and accurate response from company representatives.
Even for the most experienced trader, there may come a time when support is needed.
Please note that the support team at Cryptal is available from 10:00 am to 00:00 pm.
If you want to receive help via email, follow the link. To contact the hotline, call us at +995 322 053 253.
Summary
Whether you are already well versed in the world of cryptocurrencies or not, it is important to choose a crypto platform tailored to you, where you can easily buy and sell coins.
Choosing a crypto platform depends on your needs and trading strategy.
Wish you successful trading!