Cryptocurrencies have gained popularity as profitable investment opportunities. However, finding a secure platform with various features and a high-security level is essential before considering your potential profit. One such digital currency trading platform is LATOKEN. But is it trustworthy? What are its pros and cons? How can you use it securely?
In this LATOKEN exchange review article, we will explore this exchange’s features, security, fees, customer support, and more.
- LATOKEN is a cryptocurrency altcoin exchange (or shitcoin exchange) that allows users to trade, launch, and earn various tokens.
- LATOKEN offers various services such as launchpads, competitions, airdrops, and staking.
- This exchange has integrated its token LA as a payment option in 150 outlets, including vending machines, cafes, and stores.
Table of Contents
What is LATOKEN Exchange?
LATOKEN is a crypto exchange platform launched in 2017 by Valentin Preobrazhenskiy. The name LATOKEN stands for Liquid Asset Token.
This exchange offers more than 240 different digital assets with over 450 trading pairs. Generally, you can easily find low-cap coins or new shitcoins on this trading platform both in the spot and perpetual futures markets.
The daily trading volume of LATOKEN is more than $300 million. There are over 1.5 million registered traders, and the LATOKEN app has been downloaded over 1 million times from the Google Play Store.
But LATOKEN isn’t just about trading digital assets. They also let eligible users join in on “initial token sales”. They even support Security Token Offerings (STOs), which makes the platform even more useful.
LATOKEN Pros & Cons
- Wide Range of supported Cryptocurrencies and trading pairs
- The platform is designed to be easy for beginners and experienced traders.
- KYC is not required for basic crypto trading
- LATOKEN employs advanced security measures to protect user funds and data
- It offers advanced trading features such as margin and futures trading.
- Some less popular tokens may have lower liquidity, making it challenging to execute large trades.
- The exchange has limited support for fiat money deposits.
Key Features of LATOKEN Exchange
1. Supported Coins
LATOKEN supports more than 240 cryptocurrencies and 450 trading pairs, including major coins like Bitcoin, Ethereum, Dogecoin, and Shiba Inu, as well as niche tokens like Metahero, UMA, MOBOX, and Radio Caca.
You will find crypto assets with different categories, such as DeFi, Web3, CeFi, NFT collections, stablecoins, decentralized exchange (DEX) tokens, etc. It also supports tokens from popular blockchains like the BNB chain ecosystem, Ethereum ecosystem, and Polygon Ecosystem.
LATOKEN exchange employs robust security measures:
- Secure Fund Storage: 99.95% of user funds are kept in cold storage with AES-256 encryption using multi-signature technology.
- Data Encryption: Different encryption methods safeguard all exchange data types.
- Anti-DDoS Protection: Protection against distributed denial-of-service (DDoS) attacks is in place to secure user information.
- 2-Factor Authentication (2FA): You can enable 2FA through Google Authenticator or SMS verification to enhance account security.
- Password Protection: Passwords are shielded with salted SHA-256 encryption to deter brute-force attacks.
LATOKEN crypto exchange also offers a bug bounty program through HackenProof, welcoming white hackers to discover and report vulnerabilities in their web, mobile, API, and blockchain services. Rewards range from $50 to $1,500, determined by the bug’s severity.
This exchange provides a public API for traders and market makers to grant access to market data, account details, and order management. They use various encryption methods, such as AES-256 for private keys and Salted SHA-256 for passwords to protect their API.
3. NFTs Marketplace
This exchange also has a marketplace for NFTs. You can browse, buy, sell, and bid on NFTs from different categories and collections. You can filter NFTs by price, popularity, blockchain, and creator.
It supports many blockchain networks for NFTs, such as Ethereum, BNB Chain, Polygon, and Solana. You also can switch between different networks and wallets easily on the platform.
The exchange has a simple interface for making NFTs. You can upload your own images or videos, add a title and description, set a price and royalties, and choose a blockchain network to create your NFTs.
4. Customer Support
LATOKEN customer service offers a 24/7 live chat feature within the app to ensure you can get immediate assistance when needed.
Additionally, you can reach out for help through email support and a ticket system on the website, providing multiple avenues for addressing inquiries and issues. The customer support team is helpful and resolves your problems within 2 working days.
Regarding user feedback, the exchange enjoys a stellar reputation on Trustpilot, boasting a remarkable 4.6-star rating based on feedback from 560 users. This high rating is attributed to LATOKEN’s user-friendly interface, extensive range of trading pairs, fast transaction processing, and prompt resolution of user concerns.
5. Mobile App
LATOKEN provides a mobile app for both iOS and Android users. It has over 1 million downloads and an impressive 4.6-star rating on the Google Play Store. This reflects the app’s popularity and user satisfaction.
LATOKEN mobile app offers several key features:
- Crypto Trading: Buy and sell cryptocurrencies with ease.
- Live Chat Support: Get help 24/7 through the in-app chat.
- Portfolio Tracking: Keep tabs on your investments.
- Security: With advanced security measures like 2FA and biometric app lock, ensure your assets are safe.
- Notifications: Stay updated on market changes and account activities.
- User-Friendly: Intuitive design for easy navigation.
- Multiple Languages: Available in various languages for global users.
- Account Management: Manage your profile and settings hassle-free.
6. Affiliate Program
LATOKEN has a referral program that gives rewards for bringing new users to the platform. All you need is to share a referral link with new users and let them register with your referral link. Both the sharer and the signer will get credit that they can use to get some of their fees back.
The fees they can get back will be calculated on how many referrals they have. They will get the fee back right after they deposit or withdraw money. Here is the basic formula:
- Get up to 25% of trading fees.
- Both the sharer and the signer will get $50 credit in reduced trading fees.
7. Earn and Staking
LATOKEN Staking lets you get interest on your cryptocurrencies with a high annual percentage yield of up to 360% APY. It can be a great way to grow your profits and cryptocurrency holdings. There are no fees, and you have over 100 different cryptocurrencies to stake.
The exchange offers two types of staking: Fixed and Flexible staking. You can choose between different lock-up periods, such as 30D, 60D, 90D, 120D, etc. Generally, flexible staking offers lower APY than fixed staking. It also has an “auto-prolongation” option. You can set up an automatic process to reinvest rewards into the same stake.
After the staking period ends, the amount will be sent to your LATOKEN account (Spot account). If you don’t get your crypto asset after the period, contact LATOKEN customer support, and an agent will help you get your assets immediately.
8. Airdrops and Competitions
If you want to earn free crypto, you should check out LATOKEN. This crypto exchange is offering airdrops and competition programs to its users. Airdrops are the process of doing some tasks or meeting some requirements from the projects ( participating in the retroactive, interacting with some daaps, etc.). Then, you will receive a reward from the project for your participation.
LATOKEN has conducted many airdrops, like BTH, BONK, UPRO, etc. To join airdrops, you need to sign up on the LATOKEN site or app, verify your identity, and follow the steps for each airdrop.
Competitions are when you get rewards for trading, staking, or holding certain tokens. This trading platform also has offered competition programs for many projects, like HPN, SBET, VT, PELO, and more.
9. Launchpad (IEOs)
LATOKEN’s launchpad is the best IEO provider, according to ICOholder. It has done many successful IEOs, such as Bitcoin Diamond, a new unofficial BTC version that can handle more transactions. LATOKEN’s launchpad offers many advantages for both projects and investors, such as:
- A large and active crypto community
- Fast and secure listing process with low fees
- High standard of due diligence and compliance
- Marketing and PR support to increase the project’s exposure and reach
- A variety of payment options, including fiat and crypto
- Special discounts and bonuses for early investors
If you want to launch your own IEO or invest in one, visit LATOKEN’s website or app and see the options available.
LATOKEN Trading Fees
LATOKEN offers a flexible trading fee structure designed to reward active traders. Here are the factors affecting the LATOKEN fee:
- 30-Day Trading Volume: They look at your trading volumes in the previous month and update it all the time. If you trade a lot, your fees get lower.
- LA Token Staking: If you have LA tokens and “stake” them (basically, you lock them up for a while), you can get a discount on your fees. The more tokens you stake, the bigger the discount.
- Token Pair Selection: The fees can also change depending on your trading tokens. Some tokens are only on LATOKEN, and they have slightly higher fees to keep them available.
Here is the LATOKEN fee structure:
|Level||30d Volume||Maker||Taker||LA staked||Discount|
|1||Less than $10.0k||0.49%||0.49%||10k||10%|
|2||$10.0k – $50.0k||0.39%||0.39%||25k||15%|
|3||$50.0k – $100.0k||0.29%||0.29%||50k||20%|
|4||$100.0k – $250.0k||0.12%||0.19%||100k||30%|
|5||$250.0k – $1.0m||0.07%||0.11%||250k||40%|
|6||$1.0m – $2.5m||0.06%||0.09%||0.5m||50%|
|7||$2.5m – $10.0m||0.04%||0.07%||–||–|
|8||$10.0m – $20.0m||0.02%||0.05%||–||–|
|9||More than $20.0m||Zero||0.04%||–||–|
You won’t have to pay any deposit fees when you deposit these cryptos: BTC, ETH, TRX, USDT, or USDC.
But, if you’re depositing other cryptocurrencies, LATOKEN will take a 1% fee from the amount you deposited.
Withdrawal fees at LATOKEN vary based on the asset and network used. For instance, if you’re withdrawing Bitcoin (BTC), the fee is 0.0005 BTC. For Ethereum (ETH), it’s 0.0114 ETH, while for Solana (SOL), it’s 0.01 SOL.
If you’re withdrawing ERC20 USDT, the fee is $20 USDT. The fees are generally high on the Ethereum network compared to other exchanges, such as Binance, which charges approximately $3 for USDT (ERC20) withdrawals.
Additionally, the exchange provides flexibility in choosing transaction speeds for your withdrawals. You can opt for normal, fast, or fastest transaction speeds, which will influence the final fee amount for your withdrawal.
You can read the full LATOKEN fee guide here.
LATOKEN Deposit and Withdrawal Methods
LATOKEN supports over 30 fiat currencies, such as USD, EUR, GBP, AUD, INR, etc. To deposit into the exchange, here are the most popular payment methods:
- Visa and Mastercard (Credit/debit cards)
- Apple Pay and Google Pay
- Bank transfer
You can also withdraw to any suitable platform or wallet that works with LATOKEN’s cryptocurrency and blockchain.
For instance, you can transfer USDT from LATOKEN to your MetaMask wallet or Binance account as long as they share the same blockchain network, which can be ERC-20 or TRC-20. This allows you to manage your cryptocurrency assets across different platforms conveniently.
LATOKEN Exchange’s Alternatives to Consider
|Trading Types||Spot, futures, and margin||Spot, futures, margin trading, copy trading||Spot, futures, margin, trading bots, mining||Spot, futures, margin trading|
|Trading Fees||0.49% maker/taker||0.1% maker/taker||0.1% maker/taker||0.2% maker/taker|
How to Register on LATOKEN Exchange?
Step 1: Complete the sign-up process
Go to the LATOKEN website, the official site of the platform. Click on the Sign-up button in the top right corner. Enter the email and password that you want for your account. Confirm your email by entering the code that you will get by email.
Step 2: ID Verification (KYC)
KYC means Know Your Customer, a process that checks your identity and address. It is needed by LATOKEN to follow the anti-money laundering (AML) and counter-terrorism financing (CTF) rules.
Please note that you don’t need to verify your account for basic trading, but KYC verification is mandatory for withdrawals. To do the KYC, go to the Profile section on the dashboard and click the “Security” tab. Now complete the “KYC 2” process.
The basic level asks you to give your full name, date of birth, country of residence, and phone number. You also need to upload a selfie with your ID document (passport, driver’s license, or national ID card)
Step 3: Deposit Fiat or Crypto
To deposit funds to your LATOKEN account, go to the “Wallet section” on the dashboard and click the “Deposit button“. You will see two options: Fiat and Crypto.
The Fiat option lets you deposit fiat currency (USD, EUR, or INR) using different payment methods (such as credit card, bank transfer, or UPI). The Crypto option lets you deposit cryptocurrency (such as BTC, ETH, or USDT) using your crypto wallet address.
Step 4: Start Trading
To buy crypto with your deposited funds, go to the Trade section on the dashboard and click the “Exchange” button. You will see a list of trading pairs (such as BTC/USDT, ETH/USDT, or LA/USDT) that you can pick from.
Conclusion: Is LATOKEN Safe?
To conclude the LATOKEN exchange review, it is one of the best No-KYC crypto exchanges. It also has a secure and easy-to-use mobile app that lets you trade, buy, send, and get alerts on new listings and prices.
The exchange provides different ways to earn crypto, such as airdrops, staking, farming, and trading competitions. You will also get a high-security standard and 24/7 live chat support. However, you may face a low market share and liquidity compared to other big exchanges.
Overall, LATOKEN is worth considering as a safe and reliable exchange for both beginners and experienced traders.
LATOKEN Exchange Review: FAQs
What countries are restricted by LATOKEN?
LATOKEN is restricted by the following countries: Afghanistan, Bosnia And Herzegovina, Democratic People’s Republic of Korea (DPRK), Ethiopia, Iran, Iraq, Pakistan, Syria, Sri Lanka, Trinidad and Tobago, Tunisia, Canada, Uganda, Yemen (according to the information from LATOKEN Help Center)
Is LATOKEN a centralized exchange?
Yes, LATOKEN is a centralized platform where you can trade different cryptocurrencies with each other. In addition to this, it also provides services for tokenization and IEO (Initial Exchange Offering).
LATOKEN also has a decentralized exchange known as LADEX. The decentralized exchange operates on the Ethereum network. It enables users to trade ERC20 tokens directly without any middlemen involved. Moreover, LATOKEN is currently working on LACHAIN, which is a hybrid blockchain.
Where is LATOKEN headquarters?
LATOKEN headquarters is in the Cayman Islands. According to Crunchbase, LATOKEN is also located in London, England, United Kingdom.
Is LATOKEN a legit exchange?
LATOKEN is a relatively new exchange that was launched in 2017. It has gained some popularity due to its wide selection of tradable assets and its efforts to provide liquidity to tokenized assets that were traditionally illiquid.
However, LATOKEN is not licensed or regulated by any known regulatory authority, which may pose some user risks. Therefore, you should exercise caution and due diligence when using the exchange.
What is an LA Token?
LA Token (LA) is the native utility token of the LATOKEN platform. It is used for paying fees, accessing premium services, participating in IEOs, voting for new listings, and staking for rewards.
LA Token has a total supply of 400 million tokens, of which 380.1 million are in circulation. It is traded on several exchanges, including LATOKEN itself.