Lukki Exchange is this a scam? Review and Customers Reviews

Lukki Exchange is a semi-decentralized trading platform with zero fees for all assets as well as financial instruments. The platform appeared less than one year ago and is based on blockchain technology.

In our review we will take a closer look at all the features, which the trading platform provides, and find out if Lukki Exchange is a scam or a reliable exchange platform Cryptocurrencies.

 

Why Lukki Exchange?

Crypto Exchange Lukki Exchange was founded in 2019 and is actively developing. Although the organization appeared relatively recently, it has already attracted more than 600,000 active clients from different countries. The company is popular all over the world, as evidenced by the multilingual interface. The main office is located in Hong Kong, from where the project is regulated.

The company tries to provide its clients with the most comfortable conditions for trading, providing a wide range of instruments. There are more than 40 types of cryptocurrencies in the listing of the exchange and their list is constantly expanding. The platform is designed in such a way that clients feel comfortable cryptocurrency tradingand the necessary tools were at hand. Website lukki.io has a user-friendly interface. The disadvantage is that most pages are presented only in English, which creates problems for customers from abroad, including Russian-speaking users. On the platform, the user can find charts, view open orders and see the history for the last 24 hours.

A separate company blog and links to useful articles have also been created for users. The blog is presented in English. Basically, it contains the latest news of the company. The advantages of the platform include:

• fast execution of requests;
• a large number of cryptocurrencies;
• low commissions;
• graphs with multiple functions.

 

Verification on the lukki.io platform

The company’s website states that the verification process is a standard measure for compliance with anti-money laundering and anti-terrorist financing laws and regulations. Verification is not a mandatory measure and without it the client will still be able to trade, but the withdrawal limit cannot exceed 2 VTB per day. Those users who have verified their identity may withdraw 100 VTB every 24 hours. In order to pass the verification, you need to perform 3 simple steps:

• fill out the online application;
• present documents confirming your identity;
• accept the terms of use of the platform.

Verification can take up to 5 business days. If verification is successful, an email will be sent. If verification is unsuccessful, an email will be sent with the necessary instructions to update or send additional information.

 

Deposit and withdrawal

Deposits and withdrawals are made through the cryptocurrency of the customer’s choice.

Cryptoexchange Commission

As for the commission, the exchange offers the following rates:

• 0% for deposit;
• 0.05% for the maker;
• 0.05% for the taker.

For each type of cryptocurrency, the amount of commission is prescribed. On the website lukki.io it is stated that maker fees are paid when a customer adds liquidity to the order book by placing a limit order at the ticker price to buy and above that amount to sell.

 

Luca Excellence Bonuses

For its customers exchange offers a number of bonuses.

Referral program

Active users who want to earn extra income online can participate in the referral program. It is really profitable to participate in the affiliate program, because this is a new perspective project, which provides its users with favorable conditions for cooperation. Also, the advantage of the project is extended opportunities for trading, which will be convenient for the user.

Attention all traders! Since November 18, 2019 there are changes in the conditions of the referral program! If previously to participate in the program it was necessary to invest real money in the project, for example, the amount equivalent to USD 25, now referrals can be invited without investment, which makes the affiliate program more profitable for the user (How to Make Money on Cryptocurrency?).

The affiliate link appears immediately after registration in the project. You can find it, as well as view the statistics in your personal cabinet on the site lukki.io. In the personal cabinet the client has basic information about the number of attracted referrals, as well as the current earnings on the affiliate program. This is where the user can find the referral link. A separate section shows the total number of referrals and their level. The company provides promotional materials to make it easier for users to attract clients to the project. Thus, in the cabinet you can find promotional materials in different languages, including Russian, as well as a marketing plan, in which new clients can find information about the main features implemented by the platform. Also, the client can see the history, requests, profiles and referral network. A total of two types of affiliate bonuses are provided.

Token Bonus

The Lukki Operating Token (LOT) is designed specifically for the Lukki ecosystem and related products. LOT allows you to use an extended set of services of the platform. This token is used to reduce transaction fees and receive special bonuses. LOT also allows you to participate in a loyalty program. The team is constantly working on expanding the use of the token to make it more useful and liquid. Exchange tokens have a great return on investment because they are built into the exchange to achieve a huge market demand. Thus, if handled correctly, tokens can bring super profits to a client’s investment portfolio in the near future. The site lukki.io provides a token bonus, which is credited and frozen until the end of the 11-month referral period for the referral. The size of the reward may vary:

• 1st level referral: 3%;
• 2nd level referral: 2%;
• level 3 referral: 1%;
• level 4 referral: 0.5%;
• level 5 referral: 0.5%.

In the case of cancellation of the lending, the token bonus is removed from the referral’s account.

Referral bonus

The platform has a three-tier referral program. Users are encouraged to invest in a LOT token. Under the terms, customers can receive 5%, 8% and 12% from investing in the platform.

 

Reviews of Lukki Exchange

Although the service appeared on the market relatively recently, you can find a large number of reviews from clients on the Internet. In general, the members of the platform were satisfied with the terms of cooperation. However, there are also negative comments, in which users point to a large number of defects in the site, due to which minor bugs occur.

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Regulation of the Lukki crypto exchange

The financial market has always been one of the most popular among fraudsters. To avoid falling for an unscrupulous project, you should carefully check the license and the necessary documentation. Let’s take a closer look at how regulation of cryptocurrency exchange is performed.

Regulator

It is known that earlier this year the company applied for an OTF license. The issuance of the license depends entirely on the decision of the Swiss regulator FINMA. The contact information of the platform, as well as the relevant documentation is publicly available for each user.

• Read the “Terms of Use” on the exchange site lukki.io
• Read the “Privacy Policy” on the exchange website lukki.io

User Agreement lukki.io

The “User Agreement” is the main document that every user should read before starting cooperation with the platform. The agreement contains basic information about the rules of the project, as well as the responsibilities of both parties. Let’s consider some points in more detail.

The document indicates that the company reserves the right to change or modify the terms and conditions contained in these rules, including but not limited to any site policy or guidelines, at any time and in its sole discretion. The organizer notifies of such changes by posting the modified terms and conditions on the site, by email, or by any other means provided for in the agreement.

The organization is making every attempt to help prevent and mitigate possible hacking attempts. If Lukki can confirm that cryptocurrencies provided on the platform have been compromised or attacked, the service may immediately stop trading, depositing and withdrawing funds. If it is determined that such an attack has caused a significant decrease in the value of the cryptocurrency, the platform may cease trading activity altogether. Decisions regarding deposits, withdrawals and user balances for the attacked cryptocurrency will be made on a case-by-case basis.

Arrangers make no representations, do not guarantee the security of the platform, and are not responsible for lost valuables or stolen property, regardless of whether the arranger has been negligent in providing adequate security. If the value of a user account’s assets falls below the service margin requirement or Lukki determines, in its sole discretion, that the customer account is in danger of default, the company may liquidate any or all positions and assets in the user account in order to repay creditors.

In turn, customers are prohibited:

• to assist any party in violating any law, decree, or regulation;
• provide false, inaccurate or misleading information;
• violate intellectual property rights;
• Distribute unwanted or unauthorized advertising;
• Perform any action that imposes an excessive or disproportionate burden on the infrastructure, disruptive interference, interception or seizure of any system, data or information;
• transmit or upload materials to the site that contain viruses or any other harmful programs.

A transaction on the platform may fail for several reasons, including, changes in seller prices, uncertain lot size or unforeseen technical difficulties. The organizer makes no representations or warranties that any transaction will be completed properly. Under no circumstances will Lukki be liable for any loss or damage incurred as a result of a failed transaction. Furthermore, the organizer is in no way responsible for notifying the customer of a failed transaction. The user is solely responsible for identifying and investigating the failure of any transaction he or she initiates. The company disclaims responsibility for damages of any kind in connection with the use of the services, even if the organizer was aware of the possibility of such damages.

Lucca Excellence Help Desk

You can contact the support team using:

• phone: +8 (904) 854-33-82;
• feedback forms.

You can also find a separate page on the site with answers to the most popular questions.

 

Is Lukki Exchange a scam?

Lukki Exchange – is a platform that appeared less than a year ago. During this period, the service has managed to gain popularity and attract a large number of users from all over the world. The company is developing rapidly and provides its clients with comfortable conditions for cooperation. The organization is especially popular in China, as the main office of the exchange is located in Hong Kong, where the project is regulated.
The company provides its clients with safe and profitable conditions for cooperation. Each user gets open access to trading 40 of the most popular cryptocurrencies. The platform is suitable for both experienced traders and beginners, who can take advantage of a detailed guide as well as a blog.

Work with the exchange is done through the site, which has a simple and clear interface. The only drawback is that almost all information is presented only in English, which creates problems for Russian-speaking users. To get full access to the functionality of the project, the client can undergo verification, but this is not necessary. Although the organization exists in the financial market for only a year, you can already find a considerable number of reviews on the Internet. The company has a positive reputation, but users remain dissatisfied with the lack of a Russian-language version of the site, as well as bugs that occasionally occur on the platform. Having analyzed the opportunities that the project has implemented, can we conclude that the Lukki Exchange platform is a scam and swindlers? No, because the service functions successfully and provides its services to customers around the world.

 

Conclusion

Lukki Exchange – is a young exchange, which has already managed to gain the trust of over 600,000 users worldwide. The project is actively developing, providing its clients with the most comfortable and favorable conditions for cooperation. Users can buy and sell 40 types of cryptocurrencies, including the most popular ones.

Before starting to work with the site, one should carefully read the rules of cooperation in order to soberly assess the possible risks and material losses. At the moment the project looks good among the competitors, but the company has some work to do. If you have had experience of cooperation with Lukki Exchange, leave your impressions about the work of the service on our website to form an independent rating of cryptocurrency exchanges.