‘Cryptoradar’ is a free platform that will search through dozens of cryptocurrency exchanges & will immediately show you a ranked list of the best prices for buying & selling digital currencies.
Cryptocurrencies are currently the rage & many people think that they’re a great investment opportunity. They’re digital currencies or digital assets that you can invest in & work in a similar way as traditional currencies. They use cryptography to secure transactions & a technology known as blockchain, which was pioneered by Bitcoin, the oldest & best-known cryptocurrency.
Bitcoin & other cryptocurrencies can be traded at a number of Websites known as exchanges. They let you exchange traditional or fiat currencies, like Euros or Dollars for digital currencies & trade one type of cryptocurrency for another (for example between Bitcoin & Etherium).
Cryptoradar offers a great way to do real time cryptocurrency price comparisons. It lets you compare a number of the most relevant exchanges around the world, ranking them by the current exchange rate at each exchange. The Site will also give you instant information regarding exchange fees, deposit/withdrawal fees, & other hidden costs.
To use Cryptoradar you just go to the product Site where you’ll be asked which of the 5 supported digital currencies you want to buy or sell: Bitcoin, Ethereum, Litecoin, Dash or Monero. You then input the amount of fiat currency you want to invest, in US$ or Euros. After you click on ‘Search’ you’ll be presented with a list of Exchanges, ranked in order of highest exchange rate.
This corresponds to the actual rate for each particular exchange, adding the fee for their cheapest payment method (usually one of the bank wire services). Hovering over the info field will also list out additional costs using alternate payment methods like Visa, Mastercard, etc.
In fact, the service lets you customize your search filtering out payment method types, supporting: Wire Transfer, SEPA, VISA, Mastercard, Sofort, Giropay, Skrill & iDeal. It also allows for other filtering options, like availability in your country of residence & security factors, such as support for 2-factor authentication, cold storage or multisig wallets.
Finally, you can specify that the exchanges returned are beginner friendly, that they have an integrated wallet & that they support business accounts or have an affiliate program. Clicking on buy now (or sell now) will take you straight to the selected exchange’s website.
Cryptoradar was developed by a group of European crypto enthusiasts based mainly in Germany & Estonia.
– This is a startup profile based on publicly available material & not a review –
Image Credit: Cryptoradar
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