BestRate
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bestrate.org
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BestRate is an aggregator of cryptocurrency exchanges and cryptocurrency gateway. The platform offers trading on the best crypto exchanges in one window and a number of tools for e-commerce.
Cryptocurrency exchange
Website
Social media
Date of foundation
2017
Head Office
Delaware, USA
Types of support
Feedback form
FAQ
Twitter
Facebook
Telegram
Languages
English, Spanish
Founder
Pavel Shterlyaev
The owner of the company
BestRate LTD.
Manager
Pavel Shterlyaev
Minimum entry amount
Verified
No limits
Unverified
No limits
Maximum input amount
Verified
No limits
Unverified
No limits
Minimum withdrawal amount
Verified
No limits
Unverified
No limits
Maximum withdrawal amount
Verified
No limits
Unverified
No limits
Terminals
Author's platform
Age restrictions
From 18 years
Number of users
15000+
Number of cryptocurrencies
120+
Number of trading instruments
20+
Margin Trading
No
Tokenized assets
No
Free Demo Account
Demo account is available when subscribing to a paid plan
Types of accounts
Methods of replenishment
Bank card (Visa/MC), Cryptocurrencies
Withdrawal methods
Cryptocurrencies
Account currencies
USD, EUR, Cryptocurrencies
Types of cryptocurrencies
ETH, EOS, BTC, NEO, Tron, etc.
Mobile applications
No mobile apps
Trader training
No
A way to store cryptocurrencies
Cold: no
Hot: no
Fiat accounts
No
Scalping
No
Stop Loss and Take Profit Function
No
Exchangeability for fiat currencies
The exchange takes place during the bidding
Crypto-gateway
Accept payments in 120+ cryptocurrencies, USD and EUR when connecting cryptocurrency gateway
eCommerce
Cryptographic plugins for CMS for payment acceptance
Free access
Free 24-hour access for all newly registered users
30 days trial version
If you sign up for the paid plan, get a free demo for 30 days.
Fees
The platform offers 3 paid plans: Trader - $9.99/month, E-commerce - $39/month, Crypto-gateway - $199/month.
Basic verification
Email address required
Extended AML verification
Regulatory laws
International data protection law
Canadian law
API
Read moreAPI for cryptopayments
Bonuses
Affiliate Program
RegistrationReferral reward $5 for a new client
Benefits
Fast transaction processing
Trading on several exchanges in one account
Fast money transfer
No fees
Wide range of cryptocurrencies
Low-cost subscriptions
Disadvantages
No detailed legal information
No online reviews
Company requisites
Overall assessment
6.9/10
Date of update
08.07.2022
    Address
    Delaware, USA

    BestRate is it a scam? Reviews and description

    Published: 14 January 2022 Updated: July 8, 2022


    BestRate - a unique aggregator of cryptocurrency exchanges, as well as a cryptocurrency gateway. The platform offers trading on more than 100 crypto exchanges in one account. If a large amount of currency needs to be exchanged, the service offers trading bots and order routing services to get the most favorable rate.

    The company offers a test period of 24 hours to test the features of the service. Also if you buy a paid subscription you will get 30 days of free use. In this review, let's take a closer look at the functionality of the cryptocurrency exchange and real user reviews to understand whether BestRate is a scam or a reliable service for cryptocurrency trading.

    BestRate registration

     

    Why BestRate?

    Platform for cryptocurrency trading BestRate - is a new format in cryptoprocessing. The company offers fast, secure processing of cryptopayments to individuals and legal entities. The platform offers effective tools for working with cryptocurrencies on the Internet:

    • Trading bots are cloud solutions to automate trading on the best cryptocurrency exchanges, including Binance, Bitfinex, BitFlyer, Coinbase, Kraken, Poloniex, Bittrex et al.
    • APIs for crypto-payments are solutions for online businesses to accept various cryptocurrencies for payment.
    • TokenSale Gateway is a cloud-based crypto-payment gateway for blockchain projects that allows you to automatically distribute tokens to end recipients.
    • Payout is a customizable payment page for getting paid for your products in cryptocurrency with automatic conversion. The product is designed for B2C and B2B businesses.

    For private traders, the platform offers fast buy/sell of cryptocurrencies at the best rate. Thanks to the cooperation with large cryptocurrency exchangesThe trading bots determine the favorable rate for the client and make transactions automatically. If you register on the platform, you no longer need to analyze the offers of various cryptocurrency exchanges on your own. The trading bots will do that for you. You can also trade here in manual mode, choosing exchanges for trading yourself.

    bestrate.org website

     

    How to exchange cryptocurrency on BestRate platform?

    Cryptocurrency exchange on the platform bestrate.org takes from 5 to 30 minutes. The exchange takes place at the most favorable exchange rate among the cryptocurrency exchanges that are partners of the service. To exchange, you need to place an order, specify the address of your cryptocurrency wallet, currency and the number of tokens to be exchanged. After creating the order, the trading bot will place it on the partner cryptocurrency exchanges and close the transaction at a favorable exchange rate.

     

    Verification on the bestrate.org platform

    For trading on the platform bestrate.org registration is required. To create an account, you need to provide an email address and come up with a strong password. After filling out the form, click the "Register" button. After creating your account, you need to confirm your email address, and you will get 24 hours of free use of the full functionality of the platform.

    The next step to start trading is to connect an account with a cryptocurrency exchange. Connecting an account is necessary for safe, transparent trading. To connect your account, log into your personal cabinet and click "Add Exchange Account". Fill out the form. Here you need to choose a cryptocurrency exchange and specify your account details. The service does not require any additional account verification, just go through the KYC procedure at the exchanges you want to connect to your personal account. Read about the most reliable and voluminous crypto exchanges in this article.

    In this case, if the service administration considers a transaction suspicious, the user may be asked to prove his identity. In this case, verification consists of providing the following data:

    • A scan of an identity document.
    • Selfies with an identity document.
    • Proof of residency.
    • Source of deposited funds.

    BestRate verification

     

    Deposit and withdrawal

    The platform does not store the user's money and does not create accounts within the system. To buy cryptocurrency, you need to select a buying coin and a selling currency. As soon as the platform receives the money, you will immediately receive the purchased coins on cryptocurrency walletThe exchange transaction takes 5 to 30 minutes. The exchange operation takes from 5 to 30 minutes.

    Cryptoexchange Commission

    BestRate does not charge any additional commissions. All commissions are paid according to the tariffs of the cryptocurrency where the exchange was made. Learn more about crypto exchanges' commissions here. To use the service fully, you need to select and pay for one of three subscriptions:

    • Trader. The subscription price is $9.99 per month. After entering the payment details you are entitled to 30 days of free use of the service. The tariff is suitable for traders who want to trade on several cryptocurrency exchanges simultaneously, as well as bloggers and freelancers to accept payments in cryptocurrency.
    • E-commerce. The subscription price is $39 per month. The tariff includes all Trader subscription features plus small business and e-commerce functionality to accept payments in online stores and mobile applications. The subscription includes a trial period of 30 days.
    • Crypto-gateway. The subscription price is $199 per month. The package includes all the functionality of the "E-Commerce" tariff plus special features for blockchain projects that want to distribute tokens to users via smart contracts and other technologies.

    BestRate rates

     

    BestRate bonuses

    Cryptocurrency exchange bestrate.org offers users bonuses and gifts. Register on the exchange and get a free period or reward through a referral program.

    Free access

    Each new registered user gets the opportunity to use the full functionality of the service for free for 24 hours. The free period will allow you to evaluate the capabilities of the platform and choose a suitable tariff for yourself.

    BestRate free access

    30 days as a gift

    If you extend your subscription after the trial period expires, you get 30 days of free usage of the selected tariff as a gift. To get the gift you need to enter your credit/debit card details.debit card into the form. The service will not charge you until the gift period expires.

    BestRate 30 days as a gift

    Referral program

    After registering on BestRate cryptocurrency exchange website, you can join the referral program and invite new users. Referral reward is $5 for each new user.

    BestRate affiliate program

     

    Complaints about BestRate

    Unfortunately, despite the rather long work of the project, we have not found any feedbacks about bestreit.org platform. In this regard, we can't assess the work of the crypto exchange. If you have experience in trading on this platform, write your opinion about it under this review.

    If there are any complaints about BestRate, we'll be sure to post on social media. Sign up so you don't miss anything!

    Please keep yourself informed about news and complaints. We copy the most valuable information to social networks, so please sign up!

     

    Regulation of BestRate crypto exchange

    A cryptocurrency exchange has a regulator - it is a guarantee of honest work and safety of clients' money. Let's consider whether BestRate has a regulator and what country's laws regulate the company's activity.

    Regulator

    Cryptocurrency exchange BestRate is operated by BestRate LTD. The website of the crypto exchange has no information about the legal address, except that the company is located in the United States, Delaware. Documents from bestrate.org:

    • Read the "User Agreement" on bestrate.org (See).
    • Read the "Privacy Policy" on the BestRate Exchange website (See).

    Bestrate.org User Agreement

    The BestRate service's user agreement is a modest one-page document. The essence of this document is that the administration of the service declines responsibility for any losses and does not guarantee uninterrupted operation of the site. The document also contains information that the service cannot cancel transactions, so users should be careful when entering payment data.

    BestRate user agreement

    Customer Service

    BestRate cryptocurrency exchange support service accepts requests around the clock. Letters and messages are processed during working hours. The response time of the support team is usually no more than 24 hours. The support team can be contacted via the following communication channels:

    If you have any questions about registration, deposit/withdrawal, transaction security, etc., you can find answers to them on the FAQ page or in the service blog.

     

    Is BestRate a scam?

    BestRate - is an aggregator of cryptocurrency exchanges and cryptocurrency payment instruments. Service combines crypto exchange with author's terminal and cryptocurrency gateway company. Having analyzed the work and capabilities of the service, we can call the BestRate project interesting and quite promising. It may be interesting for private traders to trade simultaneously on several exchanges, as well as for representatives of Internet businesses wishing to receive payment in cryptocurrencies. But given the lack of reviews, as well as legal information on the site, we cannot call the service reliable on 100%.

    To increase confidence in the service we recommend the administration to publish full legal information and work with reviews. Having analyzed the site, we cannot call BestRate a fraud, because there is no information about fraud on the resource on the Internet, and there are no complaints about problems with the withdrawal of money.

     

    Conclusion

    BestRate - a young project that may become interesting for traders and companies engaged in Internet business. According to the results of the review, we can conclude that BestRate is a new approach to work with cryptocurrencies. The platform offers several useful tools, clear tariffs and a free period to evaluate the effectiveness of the service. Register on the platform and test its functionality for a day, and if you sign up for a paid plan you get another 30 days of free use.

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