Letsexchange.io Exchange Review:  Is A Safe Exchange or a Scam?

Letsexchange.io Exchange Review:  Is A Safe Exchange or a Scam?

About Letsexchange.io

Letsexchange.io is a one-stop multicurrency exchange service free of registration, limits, and complications. Built by a team of crypto visionaries with 10+ years of experience in the blockchain space and fintech, They saves your time at each step of a crypto swap and amplifies your trading revenue.

Operating Company 

Exchange NameLetsexchange.io
Withdraw Fee0.000046 
Deposit FeeFree
Taker Fee1.70%
Maker Fee1.70%
Official SiteHomepage

How To  Start With Letsexchange Cryptocurrency Exchange

To Start Trading With Letsexchange Cryptocurrency Exchange Indian Residents First Have To Sign Up For An Account By Following The Steps Below.

Step 1. Click On The “Login/Signup” Link On The Top Right Hand Corner Of The Letsexchange Exchange Website.

Step 2. In The Form, Fill In Your First Name, Last Name, Mobile Number, Email ID And Password.

Step 3. If You Have A Referral Code, Enter The Code While Creating Your Account.

Step 4. Submit The Form And Wait For An Activation Email To Be Sent To You.

Step 5. Click On The “Confirm Email” Link In The Activation Email.

Step 6. After Your Account Is Activated, You’ll Be Sent A 6 Digit One Time Password (OTP), Which You Have To Enter After Logging Into Your Letsexchange Cryptocurrency Exchange .

LetsExchange Trading fees

When you initiate a swap at LetsExchange, you “send” crypto. In return, you “get” crypto. When sending at the platform, the purchase price offered by they will be higher than the market price. Conversely, when selling to the platform, the purchase price offered will be lower than the market price. The mark-up or mark-down is not specified anywhere. On the date of first writing this review (6 May 2021), they made a calculation by comparing the prices offered by They to the market prices listed by Coinmarketcap.com. These were the results:

Floating Rate Mark-up: 1.70%

Fixed Rate Mark-up: 2.15%

It is difficult to compare the fees charged by LetsExchange with the industry average trading fee at a regular centralized exchange, seeing as they offer another type of service than most centralized exchanges do. According to the most extensive industry report ever prepared on contract trading average fees, the global average spot trading taker fee and maker fee was 0.2151% for takers and 0.1621% for makers.

LetsExchange Withdrawal fees

To our understanding, LetsExchange does not charge any fees of their own when you withdraw crypto from your account at the platform. Accordingly, the only fee you have to think about when withdrawing are the network fees. The network fees are fees paid to the miners of the relevant crypto/blockchain, and not fees paid to the exchange itself. Network fees vary from day to day depending on the network pressure.

Generally speaking, to only have to pay the network fees should be considered as below global industry average when it comes to fee levels for crypto withdrawals.

Deposit Methods

In order to trade here, you must have cryptocurrency to begin with. The only asset class you can use for swapping at LetsExchange is cryptocurrency. However, if you really like LetsExchange but you don’t have any crypto yet, you can easily start an account with an exchange that has “fiat on-ramps” (an exchange where you can deposit regular cash), buy crypto there, and then transfer it from such exchange to this exchange

Core Values

The core values of this platform seems to be that it is easy to use, and that it is fast. Another feather in the hat for this platform is that you can swap over 240 different cryptos here, all of the bigger ones and then some.

Why Choose LetsExchange

Seize the moment

No registration is required, so that you can start trading in no time, as soon as the rate is right for you.

Get started with no effort

An intuitive interface with an all-in-one exchange widget is designed for swift and effortless crypto swaps. Just pick a currency pair, enter the amount and your wallet address, then click “Exchange”.

Get it done in a flash

With a streamlined, fully automated exchange process, transactions only take an instant on LetsExchange. The exchange processing time solely depends on the network speed of the selected coins.

Get the most out of each trade

The SmartRate technology cherry-picks the most profitable rate across multiple major exchange platforms for every swap.

Trade without limits

Choose from 720+ coins and 514100+ currency pairs without any transaction restrictions applied by LetsExchange.

Fix the rates or let them float

Select the Fixed Rates option to get the exact amount you see before starting a trade or stick to the classic exchange flow with floating rates.

Keep it safe

They don’t store your funds and personal data. All featured coins are validated and double-checked. The platform’s security is enhanced by encryption, an SSL certificate, and DDoS protection.

Track and check

The exchange process is clear and transparent, and you can request a receipt with full transaction details.

Feel free to reach out

In case of any questions, support team is here to help 24/7.

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