Openledger
Total reviews 3
No complaints yet
2.4
The first decentralized exchange, the main feature of which is the ability to transfer bitcoin into "fiat smartcoins
Cryptocurrency exchange
Official website
Social network
Date of foundation
1970
Head Office
Copenhagen
Types of support
Feedback form on the site
Languages
Russian, English, French, Spanish, German, Turkish, Chinese, Etc.
Company owner
Ronny Boesing
Age restrictions
From 18 years
Number of cryptocurrencies
60
Margin trading
No
Tokenized assets
OBITS
Free demo account
No
Types of accounts
Order execution
Market Execution (at market price), Limit Orders
Methods of replenishment
Nanocard network, PayPal, Ripple gateway, Wire transfer
Withdrawal methods
Nanocard network, PayPal, Ripple gateway, Wire transfer
Account Currencies
EUR, USD, Cryptocurrency, GBP, CNY
Types of cryptocurrencies
Bitcoin, Ethereum, BitShares, EOS, DASH, Dogecoin, Lisk
Mobile apps
There are mobile apps (iOS / Android)
Trader training
Detailed guides
A way to store cryptocurrencies
Cold: yes
Hot: no
Fiat accounts
Yes
Scalping
No
Stop loss and take profit function
No
Possibility to exchange for fiat currencies
Yes
Terminal capabilities
Working with indicators, graphical tools
Analytics
History of the coin trade
Additional features
Adding coins to the exchange by the user
Basic verification
No
Advanced AML verification
API
No
Affiliate Program
RegistrationUp to 80% of the commission amount
Advantages
Ability to work with little-known coins and add your own coins to the site
Easy and fast registration
No mandatory account verification
Cold storage of cryptocurrency
Intuitive interface
There are fiat currencies
A large number of payment systems
Own token
Availability of Russian language interface
Disadvantages
Low operating speed
Overall assessment
0/10
Date of update
April 27, 2022
    Address
    Copenhagen

    Openledger is this a scam? Review and Reviews

    Published: 15 January 2020 Updated: 27 April 2022


    Openledger – first decentralized exchange from FinTech Exchange, which appeared on the financial market in 2015. The main feature of the company is the ability to transfer bitcoin into “fiat smartcoins.

    In our review we will analyze the opportunities implemented by the project and find out whether Openledger is a scam or a reliable cryptocurrency exchange.

     

    Why Openledger?

    OpenLedger is a decentralized exchange that appeared on the Internet five years ago. The organization focuses on the international market, as evidenced by the multilingual interface of the project. The platform is headquartered in Copenhagen, from where the company’s activities are regulated.

    A distinctive feature of the exchange is that it provides customers with the ability to convert VTCs into fiat smartcoins, which will then be stored and sold in a decentralized system. The main cryptocurrencies and the trading pairs are: Ethereum, Tether, DASH, BTC/USD, BITCNY/BTC and BITUSD/BTC. In addition to smartcoins, digital currencies, stocks and fiduciaries can be traded on the exchange. Also on the site openledger.io is presented with its own OBITS token. In addition to already existing trading pairs, the user has the opportunity to add his own coin. To do this, it is necessary to fill out a special form, and within 2-3 days the application will be approved.

    How to add your coin on the exchange openledger.io

    The OpenLedger Dex trading platform itself has a simple and intuitive interface. An experienced trader needs only 15-20 minutes to understand the basic functionality of the project. For beginners there are various forums, as well as a separate section with answers to the most popular questions.

    Openledger Q&A

    Also an advantage is that for new users there is a detailed manual in Russian, in which the trader can get acquainted with the basic processes of trading and its components.

    openledger.io manual

    On the trading platform, clients have access to the following functionality:

    • order glass;
    • information about the selected trading pair;
    • informative graph;
    • order history;
    • open orders.

    Trading platform OpenLedger

    On the site openledger.io There are two sections: “News” and “Blog”. Here the user can find information about the latest changes in the project, as well as useful articles on financial topics. All information is presented in English.

    News of the Openledger crypto exchange

    To enable users to access the project’s functionality at all times, a mobile application was developed. Thus, traders can log into their personal account at any time and at any place. Both iOS and Android versions are available. Among the main advantages of the exchange are:

    • easy and fast registration;
    • there is no mandatory verification of the account;
    • the ability to add your own coin;
    • cold storage of cryptocurrency;
    • intuitive interface;
    • there are fiat currencies;
    • a large number of payment systems;
    • availability of your own token;
    • Russian-language interface.

     

    How to exchange cryptocurrency on the platform openledger.io?

    To exchange cryptocurrency on the platform, you need to make a few simple steps:

    • log on to OpenLedger DEX and go to the “Find Markets” tab;
    • select the desired pair from the list of currencies;
    • create an order by filling out the information for buying or selling cryptocurrency;
    • click on the “Buy” or “Sell” button depending on the goal.

    If there is no necessary cryptocurrency in the list, you can add a new coin on your own. To do this, go to the Add Coin link at the bottom of the page, fill out an application and send it to the technical department for processing.

     

    Verification on the OpenLedger platform

    The peculiarity of the exchange is that there is no mandatory verification. Each user can open either a regular account or a wallet. The wallet is encrypted with a password that the user chooses in advance and can be copied using a brainkey binary file or an encrypted binary file that contains all the private keys. Wallet mode also allows the customer to use multiple accounts at the same time. Wallet mode has a higher degree of security, but is limited by the current browser and computer.

    When choosing an account, keep in mind that it uses a password in combination with your username and is limited to logging in from one account at a time. You can log in to your wallet account from anywhere using just your username and password.

     

    Deposit and withdrawal

    You can make deposits in BitShares, Bitcoin, USD, CNY, EUR and GBP. If you replenish your account with fiat currency, the minimum amount is $50. You can replenish your account with the following payment systems:

    • Paypal;
    • bank money transfers;
    • Ripple gateway;
    • Nanocard network.

    To deposit a cryptocurrency, you should go to the home page and select a currency from the list offered (How to Make Money on Cryptocurrency?). Next, you need to click on the appropriate icon, copy the generated address and paste it where the deposit will be made from. In this case, the minimum deposit amount will directly depend on the selected cryptocurrency. For example, the minimum deposit for VTS is 0.1, and for OBITS – 1.

    How to fund an account at the OpenLedger Dexchange

    Withdrawal of earnings

    To withdraw funds, you also need to choose the necessary cryptocurrency or fiat on the main page and click on the appropriate icon. The minimum amount for withdrawal is $100. To withdraw earnings you can also use payment systems:

    • Ripple gateway;
    • Nanocard network;
    • Paypal;
    • bank transfers.

    Also note that if you lose the password, it can not be recovered, which means that you can not withdraw money from the purse.

    Commission of the cryptocurrency exchange OpenLedger

    When depositing and withdrawing funds in digital assets the commission is not charged. When depositing in fiat currency, a differentiated approach is used. If the sum is less than 50 dollars, 2% from the sum of the deposit is charged. If you deposit more than $50, commission is not charged. At the withdrawal of earnings in fiat currency 3% from the sum of withdrawal is charged.

     

    Openledger bonuses

    There are no active bonuses for users at this time.

    Referral program

    An affiliate program has been developed for active traders who want to earn extra income. Thus, users can distribute a referral link and invite new participants to the project. Each time a referral completes a transaction, the trader will receive 80% of the market fee. The referral balance is accumulated in the account, after which it can be transferred to the active balance and withdrawn.

    Openledger.io referral program

     

    Complaints about OpenLedger Dex

    Since the company appeared on the Internet 5 years ago, you can already find a fairly large number of reviews from customers. In general, the organization has a good reputation among users. From the positive aspects, traders highlight the possibility of working with little-known tokens and cryptocurrencies, the absence of account verification, a simple and clear platform. Among the negative aspects, they point out the absence of leveraged trading, low operating speed and slow technical support.

    If there are any reviews about Openledger Exchange, we will definitely publish the information on social networks. 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!

    Crypto exchange regulation

    The financial sphere is one of the most attractive for fraudsters. That is why the number of unscrupulous projects is increasing. To protect yourself from negative cooperation with a scammer, you should carefully check the license, as well as the relevant documentation on the official website of the project. Consider in detail how the regulation of the company’s activities.

    Regulator openledger.io

    OpenLedger Dex is the first exchange without a central regulator. Neither on the official website openledger.ioThere is no information about the company’s license either online or offline. Project documentation is publicly available to all users.

    User Agreement

    The “User Agreement” is the main document of the project, which every user should read before the beginning of registration. The agreement contains the rules of trading, as well as the duties of clients and organizers. The disadvantage is that the document is presented only in English. Let’s consider some points in more detail.

    At the beginning of the agreement, it states that the customer must understand and accept the fact that there is a risk of loss when trading or storing cryptocurrency, tokens or other digital assets. The company is not currently regulated by a regulator or government agency.

    Openledger.io User Agreement

    Although verification is not a mandatory process, the company may request information and documents from the customer to verify identity and detect money laundering, terrorist financing, fraud or any other financial crimes. Thus, the user provides the requested information and authorizes a record of such information.

    The organizer may also make requests, either directly or through third parties, that it deems necessary to verify identity or protect against fraud or other financial crime, and take such action as the company reasonably deems necessary based on the results of such requests.

    Openledger crypto exchange rules

    The customer agrees to the fact that the company is not responsible for ensuring that the other party with whom the user enters into the transaction is authorized to perform the transaction or is capable of completing the transaction. OpenLedger also reserves the right to cancel or refuse to send any order to BitShares Blockchain as required by any applicable laws or regulations and without prior notice.

    The organization is not responsible for any claims or losses that may arise as a result of any actions or transactions in which the trader is involved while interacting with the BitShares blockchain using the platform. The Company shall not be liable for the acts or omissions of any third parties, nor for any damage that the customer may suffer as a result of interacting with any third parties on the BitShares blockchain.

    About OpenLedger's responsibility

    It should be understood that holding and acquiring assets, creating orders and using the platform involves significant risks and potential financial losses, including but not limited to the following

    • any asset and its underlying technology may be vulnerable to attacks on the security, integrity or operation of the asset or its underlying technology, including attacks using enough computing power to suppress the normal operation of the blockchain or other underlying technology;
    • The asset, its properties, or the underlying technology may change or otherwise stop working properly because of a change made to the underlying technology, a change made using features or functions built into it, or a change caused by an attack;
    • the asset may be canceled, lost or doubled, or otherwise lose all or most of its value because of dilutions, reversals, attacks, changes in asset properties, or the inability of the asset to perform as intended;
    • an asset may decrease in value or lose all of its value due to various factors, including discovery of illegal behavior, market manipulation, changes in the properties of the asset, attacks, suspension or termination of support for the asset by exchanges, etc;
    • The asset may decrease in value or lose all of its value because of legislative or regulatory action or other government action;
    • The asset may be lost if sent to the wrong address.

    openledger.io risk information

    The company is not responsible for the actions of traders or third parties, and also for any direct, indirect, accidental, special or indirect damage, even if the organizer knew in advance about the possibility of such losses. Also the organizer is not responsible for any damage related to:

    • incompetence of the user;
    • The platform is not working when any or all parts of the platform stop working;
    • system failure or technical factors beyond the company’s control;
    • any unauthorized access to alteration, deletion, destruction, damage, loss or storage of data.

    The user must accept responsibility for all their actions performed on the platform. The Client also acknowledges the fact that the Exchange is not acting as a broker-dealer, intermediary, agent or consultant with respect to any order or request that users make.

    Openledger user responsibilities

    OpenLedger Dex Help Desk

    You can contact the support team using the “Support” section, where you can create an appeal and describe your problem in detail or ask a question. You can also search for an answer to your question in the forum.

     

    Is Openledger a scam?

    Openledger – a decentralized cryptocurrency exchange, which appeared on the financial market in 2015. During this period, the company gained popularity among users. The exchange focuses on the international market, as evidenced by the interface, which is translated into 10 languages. The main office of the service is located in Copenhagen, where the organization’s activity is regulated.

    In many ways, OpenLedger is similar to its competitors, but there are a few features. Thus, the exchange provides users with the ability to convert bitcoins into fiat, which can then be stored and sold in a centralized system. Also, customers have the opportunity to work not only with little-known digital assets, but also to add their own coins to the exchange. To do this, it is necessary to create an application and send it for approval. The basis of trading turnover are such cryptocurrencies and trading pairs: Ethereum, Tether, DASH, BTC/USD, BITCNY/BTC and BITUSD/BTC. In addition to smartcoins, digital currencies, stocks and fiduciaries can be traded on the exchange. The exchange also has an OBITS token on its website.

    Periodically contests are held for traders and bonuses are accrued, and an affiliate program has been developed. Thus, clients can attract new participants to the project and receive remuneration. For users to have constant access to the functionality of the project, a mobile application was developed. Both iOS and Android versions are available.

    The project appeared on the financial market in 2015 and managed to win the trust of users. That is why a considerable number of reviews from clients can be found on the Internet. In general, the service has a positive reputation. Having studied in detail the opportunities implemented by the project, can we conclude that Openledger is a scam and scammers? No, because the company has been successfully providing its services to customers around the world for five years and is a conscientious organization.

     

    Conclusion

    Openledger – decentralized exchange, which appeared more than five years ago. During this period, the company has gained popularity among competitors and earned a certain reputation. The clients of the exchange are traders all over the world, so the interface of the project is presented in 10 languages. The company is trying to provide users with comfortable and favorable conditions for trading. However, the process of trading itself is quite risky. Many novice traders soberly assess their own capabilities and lose their initial investment. That’s why you should read the information and documentation about the possible risks on the website before you start trading. At the moment, the exchange looks good among the competitors, although there are flaws. If you were or are a client of the company – leave your independent opinion on our website to form a fair rating of cryptocurrency exchanges.

    Exchange Commission
    47%
    Transaction speed
    53%
    Reliability
    53%
    Technical support
    40%
    2.4

    Reviews

      Openledger reviews

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    • 1
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      Exchange Commission
      20%
      Transaction speed
      20%
      Reliability
      20%
      Technical support
      20%
      This company no longer exists, here is...

      This company no longer exists, here is a link to the current rating of cryptocurrency exchanges – https://eto-razvod.ru/crypto-currency-stock-exchange/

    • 4.3
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      Exchange Commission
      80%
      Transaction speed
      80%
      Reliability
      100%
      Technical support
      80%
      As soon as the exchange appeared on...

      As soon as the exchange appeared on the cryptocurrency market, it attracted attention with its ability to transfer bitcoin into fiat. Here you can also add your own coins to the site and work with little-known coins. After analyzing recent reviews, we realized that the exchange still enjoys the trust… Read more

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      Exchange Commission
      40%
      Transaction speed
      60%
      Reliability
      40%
      Technical support
      20%
      HOW TO RETURN OPEN.EOS OUT...

      HOW TO RETURN OPEN.EOS OUT

      • Andrey Suharev VASYA 9 April 2021 in 07:59
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        same question))

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