Review of the dubious Ternion Exchange: fair trading conditions
The Estonian cryptocurrency exchange Ternion Exchange has been operating since 2018, offering exchange and trading of digital currencies involving fiat. Despite the two-year activity, there are currently no reviews about the platform, which raises doubts among users. Why ternion.exchange is not popular is a question that we will try to address.
Information about “Ternion Exchange”
It is stated on the Ternion Exchange website that the company consists of two parts – Ternion OU and Ternion Ltd, each with its own functions.
- Ternion OU deals with fiat operations, conversion of digital assets to fiat and vice versa, has registration in Estonia and licenses from local authorities.
- Ternion Ltd carries out trading operations with crypto assets, provides margin trading services, and is registered in Saint Kitts and Nevis.
Although the website claims that Ternion Exchange is licensed, copies of these documents are not provided, which may raise doubts among users.
Platform Features
The exchange operates 24/7, but contact with support is only possible through a feedback form. The lack of a contact phone, address, or email on the site may cause distrust among traders and leave a bad impression.
The site supports 12 languages, but the main menu is located in the footer, which makes navigation through the resource difficult. The homepage offers information on trending currency pairs and provides access to various sections such as Exchange, Invite Friends, Rates, and For Professionals.
The exchange draws attention to its social media accounts, but the comments turn out to be dubious and suspiciously similar to each other.
Registration on Ternion Exchange
To register, you need to provide an email address and confirm agreement with the exchange rules. After that, the system sends a link to the email to complete the registration, including entering a name, password, and other details.
Verification may be required for depositing and withdrawing funds in fiat, as well as for opening margin positions. This requires providing personal data, passport photos, and documents to confirm the place of residence.
Trading Conditions on Ternion Exchange
The exchange supports over 10 cryptocurrencies, including Bitcoin, Ethereum, and Ripple, with the possibility of requesting the addition of new coins. Depositing and withdrawing funds in fiat is possible through various methods with corresponding fees.
The exchange fees include commissions for various operations but may be higher than some competitors. Limits on cryptocurrency deposits/withdrawals depend on the user’s verification level, with more favorable conditions for crypto assets.
Access to trading is provided through the MetaTrader 5 platform and the proprietary web platform Ternion Exchange.
Conclusion
Although there is little information about reviews and the reputation of Ternion Exchange, some aspects of the platform’s activities raise doubts and may be a reason to refrain from using the company’s services. Users should exercise caution and carefully study the terms of cooperation.
Author: Irina Vladimirova
