Expert review of the OpenLedger crypto exchange and honest feedback.
**Expert review of the OpenLedger cryptocurrency exchange and honest reviews**
The cryptocurrency exchange **OpenLedger** operates on the **BitShares** blockchain. This has allowed the company to provide fast exchange of digital coins and reliable protection of electronic wallets from hacking. Trading operations are carried out on the website dex.openledger.io, available in English and Russian versions. With support for major cryptocurrencies and fiat currencies, the exchange attracts the attention of professional traders. The implementation of the **ICOO** platform has opened up wide opportunities for investors who invest assets in promising projects.
History of creation and regulation of activities
**OpenLedger** is a Danish organization founded in 2015. Approximately 1.6 million USD was spent on creating and developing the service dex.openledger.io, with investors from China, the USA, and European countries being the initiators. In reviewing the website and forums, no mentions of regulators were found, which is typical for cryptocurrency exchanges. Experienced traders prefer to work with decentralized organizations.
Review of trading conditions and platform
Available assets
**OpenLedger** clients have access to a wide range of cryptocurrencies, fiat currencies, and smart coins. The trading turnover is mainly based on pairs involving BTC, BITUSD, BIT CNY, DASH, and ETH.
The OBITC token actively traded was developed and implemented by the dex.openledger.io service. By purchasing OBITC, a trader becomes a shareholder of the company **OpenLedger**.
How to trade on OpenLedger?
To operate on dex.openledger.io, you need to go to the Trade section. The platform has received positive feedback from customers due to its simple interface, which includes choosing a trading pair, a price movement chart, an order book, and other useful features.
- Choosing a trading pair,
- Price movement chart for assets,
- Order book,
- Placing buy or sell orders,
- Transaction history,
- Open orders,
- Market depth.
For customer convenience, there is a Funds section providing information on each exchange asset.
Deposits/withdrawals and transaction fees
Currently, the option to deposit and withdraw funds in fiat currency is temporarily not supported. Trading can be conducted through unique addresses with minimal fees.
Additional features
- Referral program,
- ICOO,
- Apptrade,
- eDEV.one,
- FAQ.
Review of reviews about the cryptocurrency exchange
Most reviews of **OpenLedger** are positive, with users appreciating the ease of use and reliability of the exchange.
Advantages and disadvantages of the OpenLedger company
**Pros:**
- Large number of assets and trading pairs,
- Fast order execution,
- No fees for depositing and withdrawing cryptocurrencies,
- Reliable protection of wallets and transaction information,
- Simple and user-friendly interface of the dex.openledger.io website,
- Instant order execution and high performance.
**Cons:**
- Lack of regulation,
- Temporary absence of fiat deposits and withdrawals,
- Slow customer support response times,
- Possible delays in page loading.
Conclusion: **OpenLedger** is a reliable cryptocurrency exchange offering a wide selection of assets and investment opportunities.
Author: Victor Saltykov
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I had a less than satisfactory experience with OpenLedger crypto exchange. The platform was confusing and not user-friendly, which made my trading activities challenging. I experienced frequent glitches, which meant I couldn’t buy or sell cryptos whenever the market was favorable. Customer support was almost non-existent – numerous emails and requests for assistance went unanswered. The lack of response and resolution to my issues was frustrating and gives me the impression that they do not value their clients. To top it off, deposit and withdrawal processes were excessively slow and complicated, which is not ideal in the fast-paced world of cryptocurrency trading. Overall, I wouldn’t recommend OpenLedger to anyone, especially beginners in the crypto space.