**Review of the Latoken crypto exchange and reviews about it**
Today, the crypto market is represented by a variety of exchanges, but choosing a reliable and secure platform for trading coins is a real challenge due to the lack of regulation and the presence of scammers. Therefore, it is extremely important to be able to filter reviews, as many platforms practice rating manipulation. Today, our review is dedicated to Latoken, which positions itself as an international company providing advantageous services, but at the same time has a questionable reputation. Let’s figure out the reasons.
What we learned about Latoken: site overview and legal documents
According to the information provided, Latoken has been operating in the market for over four years, as confirmed by WHOIS data on the registration of the domain latoken.com on July 7, 2017.
In reviews, traders share their opinions about Latoken, claiming that the launch of the exchange coincided with the ICO boom. Many investors believed in the uniqueness of the project, invested their funds, but later became disappointed. Reviews point to the lack of project development, only promises without subsequent actions.
The presented multilingual official website of the exchange, although containing 16 interface versions, is characterized by mechanical translation. The design is minimalist, and the navigation leaves much to be desired.
A specialized service evaluates the value of latoken.com at 300,000 rubles (approximately 4,000 dollars), which is incomparable with the assessments of reputable exchanges. Based on this rating, conclusions can be drawn about the project.
The Latoken exchange provides impressive figures to attract clients: 1.5 million registered accounts, a daily trading volume of 300 million dollars, 1.5 million social media followers, over 240 assets for trading, low commissions.
The company Latoken emphasizes its uniqueness, but does not provide information about its leaders. Usually, such anonymity is chosen by dishonest companies avoiding financial obligations. Reviews from deceived investors indicate that it is difficult to receive compensation for damages.
Based on the presented legal documents, Latoken is in a difficult position. The Customer Agreement states that the brand belongs to the offshore company LiquiTrade Limited, registered in the Cayman Islands.
Another governing body of the official Latoken website is Payex OÜ from Estonia. However, the provided information is ambiguous, and the authorized capital of Payex OÜ is only 12,000 euros. Latoken is licensed to provide virtual currency services, allowing for exchanges and basic financial services.
Nevertheless, it is worth noting that registration on the Latoken platform is with LiquiTrade Limited, a company operating outside the legal field and without a license.
Despite Latoken offering services to residents of the Russian Federation, there is no permission from the local Central Bank. This indicates a violation of the requirements of 460-FZ, and users note that the Central Bank of Russia does not respond to issues with Latoken.
Additionally, Latoken does not offer phone support, limiting communication options with the company. Users only have access to email and commenting on social media.
Services on the Latoken platform
The Latoken platform offers a wide range of services, including crypto/fiat gateway, asset investment and storage, crypto trading, and instant digital currency exchange.
The commission policy of the Latoken exchange is not considered favorable (0.22% for makers and 0.28% for takers). An unverified user can only deposit funds in cryptocurrency (from 0.0005 BTC). Verified users can make transfers from bank cards (Visa/MC) with a minimum deposit of 20 dollars. The platform lacks a demo account, forcing users to immediately risk real funds, which can be dangerous for their capital.
User reviews about Latoken
Reviews about the Latoken exchange are diverse, and the majority of them are negative. As noted, scam schemes and dishonest practices of the company raise serious suspicions. Most reviews indicate the impossibility of withdrawing funds and deception by the exchange.
Conclusion
After analyzing the available information about the Latoken crypto exchange and reviews from its clients, the conclusion is drawn: trading on this platform is associated with high risks, despite the exchange’s claims of favorable conditions. Caution and a deep analysis of the company’s documents and reputation can prevent potential losses for investors.
I had an extremely disappointing experience with Latoken. The user interface was unintuitive; I found it really tough to navigate or understand where things are. Communication with their customer service team is abysmal. It took ages to get a response, only for it to be vague and unhelpful. Moreover, their transaction fees are quite high compared to other platforms, making transactions incredibly expensive. The mobile app is full of bugs and crashes regularly. My attempts at withdrawing my funds involved jumping through so many hoops, I felt like I was being deliberately kept from my money. Also, there were several instances when the exchange rates displayed were significantly different from the actual one. I implore anyone looking for a reliable, user-friendly, and honest platform to look elsewhere. The service quality is far below par and using this cryptocurrency exchange platform has been nothing short of a nightmare.
I had a highly frustrating experience with Latoken. The core problem lies in their lackluster customer service. They are highly unresponsive and they take ages to resolve even the simplest of issues. This is a great concern for a cryptocurrency exchange where time-sensitive transactions are of utmost importance. Their platform is also noticeably slower compared to its competitors, leading to a laggy and tedious experience. The cooperation terms they provide are unclear and overwhelmingly complicated for beginners. The security measures they have in place seem haphazardly implemented, increasing my concerns about the safety of my assets. With all these issues in mind I cannot recommend Latoken to anyone looking for a reliable cryptocurrency exchange.