Launched in May 2018, Bitsten is a centralized exchange based in Indonesia that claims to support IDR fiat pairs. |
| Launched |
|---|
2018 |
Website: |
| Deposits |
Crypto, credit card |
| Payouts |
Crypto |
| Security |
2fa, ssl encryption |
| Verification |
Kyc varies |
Veldt Gold is a pioneering platform for trading precious metal bullions that accepts Bitcoin, Ether, Litecoin, Monero, and Dash cryptocurrencies as a means of payment. In contrast to cryptocurrencies, credit cards were never available as a payment method on Veldt Gold. The platform provides offerings of gold, silver, platinum, and palladium bullions. Veldt Gold fairly promotes its service as low-cost although it is possible to find cheaper offerings on the market. In the past, the company was known under the name of Agora Commodities. |
| Launched |
|---|
2012 |
Website: |
| Deposits |
Crypto, credit card |
| Payouts |
Crypto |
| Security |
2fa, ssl encryption |
| Verification |
Kyc varies |
Launched in May 2018, Bitsten is a centralized exchange based in Indonesia that claims to support IDR fiat pairs. | Veldt Gold is a pioneering platform for trading precious metal bullions that accepts Bitcoin, Ether, Litecoin, Monero, and Dash cryptocurrencies as a means of payment. In contrast to cryptocurrencies, credit cards were never available as a payment method on Veldt Gold. The platform provides offerings of gold, silver, platinum, and palladium bullions. Veldt Gold fairly promotes its service as low-cost although it is possible to find cheaper offerings on the market. In the past, the company was known under the name of Agora Commodities. |
| Launched | |
|---|---|
2018 | 2012 |
Website: | Website: |
| Deposits | |
Crypto, credit card | Crypto, credit card |
| Payouts | |
Crypto | Crypto |
| Security | |
2fa, ssl encryption | 2fa, ssl encryption |
| Verification | |
Live Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentIt's pretty simple to choose between the two platforms. Which exchange will protect your margins? Whatever type of trader you are – whether a high-frequency volume trader trying to beat maker-taker fees, or an investor needing cold storage – an exchange becomes your partner. We will explore how Bitsten fares against Veldt Gold when it really matters.
Fees become the silent killer of any portfolio performance. Both exchanges utilize a tiered maker/taker fee model, which basically means you get lower fees for higher 30-day volumes. However, there are subtle differences – and the effect can be dramatic. Every additional 0.05% on taker fees will add up, cutting your profit margins.
Pay particular attention to fee discounts available for the native tokens issued by each exchange – sometimes these discounts can be quite generous.
Bitcoin and Ethereum can be found on every exchange. However, the competition between Bitsten and Veldt Gold happens on altcoins territory. One company will actively push obscure coins for speculative gains, the other will focus on regulatory compliance and thorough listings process. This will result in two opposite approaches: a larger but riskier catalog of coins against a safer and stricter set of coins.
Liquidity is a crucial metric for both traders and investors alike. Lack of liquidity will cost you slippage – no need to pay additional fees if the market conditions won't allow you to execute your trades profitably. Luckily for both platforms, the most common trade sizes in standard retail instruments see enough trading volume and narrow spreads.
There is no place for anonymous trading anymore. Both exchanges require KYC verification, which will unlock the possibility of withdrawing larger amounts and using various advanced derivatives.
Nevertheless, the real issue here is geography rather than personal data – due to legal licensing requirements, one of the exchanges may be blocked in your region.
No one likes sitting on a passive portfolio. Nowadays, every cryptocurrency exchange serves as a bank. Various savings programs, staking, and dual investments can provide a significant yield for any portfolio holder. Advertised APY rates vary depending on market demand but check if you will lose money on withdrawal from locked coins if necessary.
Kyc varies |
Kyc varies |
Live Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentIn modern times, reputation is everything in crypto. When choosing between two options for your investment portfolio, pay close attention to the security track record. Do they publish regular proof of reserves? Do they keep most of the user funds in offline cold storage? If an exchange managed to overcome some kind of hack or incident before and compensate users – it's usually the better option.
It's difficult to find a truly universal "one fits all" approach to exchanges. In case of Bitsten vs Veldt Gold comparison, the winning choice is quite clear – you should use whichever exchange offers more obscure altcoins you wish to trade. Or maybe you're getting discounted fees for your trading tier at Veldt Gold? In any case, run the calculations yourself and choose the winner.
Cryptogeek.info publishes independent, factual comparisons. Our ratings are not influenced by commercial relationships.
