Safello Review 2023 - Is It Safe?
Safello is a Swedish cryptocurrency exchange founded in 2013 by Frank Schuil and Nicolas Safello. It is a user-friendly platform for buying and selling cryptocurrencies using fiat currencies. It offers its services in the European Union and is regulated by the Swedish Financial Supervisory Authority.
User Interface:
Safello offers a clean and easy-to-use interface that makes it simple for even the most novice of cryptocurrency users to buy and sell cryptocurrencies. The platform is available in both desktop and mobile versions and offers a straightforward sign-up process. Users can select their preferred language from the platform's menu, which currently supports English, Swedish, and Norwegian.
Security:
Safello is a regulated cryptocurrency exchange that follows strict security protocols to ensure the safety of its users' funds. The platform uses bank-level security measures, including two-factor authentication and SSL encryption, to protect users' personal information and assets. It also keeps the majority of its users' cryptocurrencies in cold storage wallets that are offline and inaccessible to hackers.
Supported Currencies:
Safello currently supports a limited number of cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. However, the platform is continually adding new cryptocurrencies to its list, and users can request their favorite coins to be added as well. It also allows users to buy and sell cryptocurrencies using fiat currencies such as EUR, SEK, NOK, and DKK.
Fees:
Safello has a transparent fee structure that is easy to understand. It charges a 3.49% fee for buying and selling cryptocurrencies using a credit card, which is on the higher side compared to other exchanges. However, the fees for buying and selling cryptocurrencies using bank transfer are much lower, ranging from 1.5% to 2.5%, depending on the transaction amount.
Customer Support:
Safello offers excellent customer support to its users. It has a dedicated support team available via email, live chat, and phone. The team is knowledgeable and responsive, and they are quick to address any issues that users might face while using the platform. In addition, Safello has a comprehensive FAQ section on its website that covers a wide range of topics related to cryptocurrency and the platform itself.
Conclusion:
Safello is a reputable and trustworthy cryptocurrency exchange that provides an easy-to-use platform for buying and selling cryptocurrencies. Its bank-level security measures, transparent fee structure, and excellent customer support make it a popular choice among users in Europe. While the limited number of supported cryptocurrencies might be a drawback for some users, Safello is continually adding new coins to its list, making it a promising platform for cryptocurrency traders and investors alike.
I've nothing to complain about. The service turned out to be easy to learn, which is what I expected from it. As a beginner, it was easy for me to understand everything, and what was not clear, tech support helped. Good service.
