Caplita Review: Offering Affordable Crypto Trading Since 2018

In digital coin trading, Caplita is one of the most popular platforms that every trader has heard of. The official website of the Caplita exchange has been operating since 2018. When it first appeared, the developers offered users great functionality for trading, a high level of account protection with two-factor authentication, and storing assets in cold wallets. At that time, this became a strong competitive advantage that helped the exchange gain a foothold in the top positions in the ratings.

Caplita Services

The Caplita crypto exchange offers registered traders various functions for earning money on the exchange of coins and other ways. The list of the main platform services includes:

• Spot trading.
• Futures contracts.
• Landing.
• Margin trading.
• Buying fiat from a card or bank account.
• DeFi Trading Assets.
• Decentralized exchange.

Features of the Caplita exchange

The Caplita official website is suitable for beginners and experienced traders, as it allows you to exchange cryptocurrencies, invest savings, and engage in lending or margin trading. The platform ranks 29th with a daily figure of $16 million in terms of the trading volume.

Available Cryptocurrencies

There are 201 coins in the listing of Caplita, as of May 2022. In addition, more than 300 trading pairs have been formed in the terminal. The most liquid bundles are traditionally made up of top cryptocurrencies.

ETH/BTC – 21.5%

BTC/USDT- 18.50%

ETH/USDT – 10.60%

TRX/USDT – 8.30%

SRM/USDT – 5.10%

XRP/BTC – 2.60%

USDJ/USDT – 2.40%

Order Types

The Caplita cryptocurrency exchange has always had one of the simplest and most convenient interfaces. Clear evidence is the fact that only two types of orders are available to users:

• Limit. An order to buy or sell coins at the current or best price. The trader initially indicates the cost and amount of coins suitable for completing the transaction. The order is placed in the order book and remains there until the coin rate reaches the specified values.
• Stop limit. Order with an additional condition. Such an order helps to manage risks, eliminating losses on current positions. It is also an automatic tool for entering the market at a certain point (if you do not want to wait until you can manually create an order).

Mobile App

Developers offer a convenient mobile app designed for Android and iOS devices. It can be downloaded from the official Apple or Google stores or the official website. The application is free and convenient. In terms of the set of functions, the program is not inferior to the full-format web version, but it is adapted to the small screens of smartphones.

Buying Cryptocurrencies with Fiat

There is a convenient exchanger on the exchange. With it, anyone can buy crypto assets by paying with a card, using Apple Pay, or by bank transfer. It is enough to select a currency (the list includes several dozen options) and enter the amount (the minimum and maximum limits are also indicated here). Below is the commission you will have to pay for the exchange operation.

The minimum amount to buy a cryptocurrency for fiat is $50 (or the equivalent in another currency). The maximum is 20,000 per day or 50,000 per month.

Identity Verification

The exchange has implemented a two-level account identification system that affects the daily limit for withdrawing funds from the account. To pass verification, you must provide personal data. They must be reliable since they will have to be documented: country, full name, date of birth, address, and telephone number.

You must also send an electronic copy of your passport or other ID and take a selfie with a piece of paper. It should contain the name of the Caplita crypto exchange and today’s date: month, day, year. The user’s face and the text on the leaflet (necessarily written by hand) should be in focus and well readable.

Minimum Deposit

When replenishing an account with fiat, you can conduct transactions for $50 or more. With cryptocurrencies, there are no hard minimum limits.

Withdrawal of Money

Each newcomer, after registration, has the opportunity to withdraw up to $ 10,000 per day. Enabling two-factor authentication (2FA) increases this limit to $50,000. After passing the verification, the trader moves to the second level and can withdraw up to $500,000 per day. Two-factor authentication raises this limit to 1,000,000.

If this limit is not enough, you need to contact technical support to create a white list of wallet addresses. Then, they can transfer even larger amounts.

Fees and Limits

Deposits in cryptocurrencies are carried out without commission. However, Fiat transactions processed by the Caplita system are subject to a fee. The user is charged a 3.5% commission (minimum $10) for each transfer.

For fiat withdrawals, Caplita has set a margin of 0.5% of the transaction amount. Therefore, the minimum amount to be withdrawn from the account is $50.

Trading fees on the exchange depend on the volume of trades in the last 30 days. The more operations a user conducts, the less he pays for exchange transactions.

Conclusion

There are a lot of positive reviews about the Caplita crypto exchange online, although there are also comments from dissatisfied traders complaining about the freezing of accounts. To prevent this from happening, you must adhere to the rules and requirements established by the owners. You can study them in the user agreement and privacy policy. In general, the trading platform has a good reputation. It is a large platform that confidently competes with other well-known exchanges.