Caplita Review: Fees, Features, And More

hoaict - Jun 17, 2022


Caplita Review: Fees, Features, And More

Caplita is an online cryptocurrency broker and exchange. Thus, you can buy various cryptocurrencies on this platform, including the ten most popular and most prominent on the market.Another section of the platform, Caplita Pro, helps users trade crypto and make a profit due to the difference in cryptocurrency rates.

Caplita has existed since 2017; it is one of the oldest cryptocurrency brokers, which is currently also one of the most popular along with Bithumb and Binance: the number of Caplita clients exceeds 35 million people from more than 100 countries around the world.

One of the main advantages of Caplita is the convenience of registration and the platform itself, which allows even those who have never dealt with cryptocurrencies to trade on it. In addition, the platform provides a variety of payment methods, including bank cards and transfers.

Today, the Caplita cryptocurrency exchange is:

  • $335 billion quarterly trading volume
  • 100 countries where the exchange services are available
  • 56 million verified users
  • $223 billion assets on the platform
  • 1700 company employees

Platform

Caplita has a great interface. It is easy to understand and suitable for everyone. The exchange had a lot of time to improve the service, which benefited it exclusively. Caplita has a handy Android and iOS app for trading on the go.

Registration

Registration on the Caplita crypto exchange is quick and easy. Besides, you can get up to $25 in cryptocurrency by completing the registration. All you need is an email address and a strong password.

Ease of use

Many people note the convenience of Caplita: reviews say that this platform is almost ideal for those who have never traded cryptocurrency before.

Separately, ease of use is noted compared to platforms such as Phemex and Binance. For example, opening an account on Caplita can be done by entering personal details in just a few minutes. In addition, if you don't have a copy of your passport ready, you can make one using a photo in the application, while verification is usually instant.

The same can be said about depositing funds and the trading process itself: everything is very simple; you just need to select the desired cryptocurrency and enter the amount you plan to invest.

Before the transaction, you will see all the necessary data: the cryptocurrency rate, commissions, and the purchase amount. After the transaction is confirmed, the cryptocurrency will be immediately credited to your Caplita wallet.

Payment Methods

Caplita crypto exchange allows deposits using the following types of payment:

  • Crypto assets;
  • Bank cards;
  • Bank transfer;
  • Paypal.

Commissions

The commission depends on the trading volume for the last 30 days:

  • Up to $50,000 per month - the rate is 0.35-0.50%.
  • From $50,000 to $10,000,000 per month - rates for takers are 0.18-0.25%, for makers - 0.08-0.15%.

Puchase Limit

On Caplita, you can buy up to $10,000 worth of cryptocurrencies daily, and this, of course, should be more than enough. However, before you can operate with such amounts, you must pass verification by uploading a copy of your passport or driver's license.

In addition, there is a separate limit for purchases through bank cards: the limit is $750 for the first transaction and then increases as documents are verified.

Caplita Wallet

After buying a cryptocurrency on Caplita Pro, there are two options for how to store it.

First, you can withdraw cryptocurrencies to your wallet, a mobile application, a computer program, or a hardware wallet. In this case, the user is solely responsible for storing the currency.

The second option is to store cryptocurrency on Caplita, where there are also two types of wallets: web and mobile wallets.

Web wallet

The most convenient way to store cryptocurrencies on Caplita is with a web wallet, in which case the funds simply remain in your Caplita account. However, this method is also the most vulnerable. If a hacker attack occurs on the exchange, there is a risk of losing all funds.

Such attacks have already happened more than once on various exchanges, although this has never happened with Caplita.

However, there is no need to worry too much, as various security measures protect Caplita.

Offline storage

98% of all client funds on Caplita are stored offline in hardware wallets (the remaining 2% must be stored online to ensure liquidity). Thus, these funds are almost impossible to steal by any means.

2-Step verification

2-Step Verification (verifying login using another device) on Caplita is mandatory for all users.

Such authorization is often provided by a special secret code sent to the user's mobile phone in the form of SMS.

In addition, when logging in from an unfamiliar device, Caplita will also require email confirmation. Thus, it is almost impossible to hack someone's account.

Withdrawal protection

Even if someone manages to hack into your account, it will be very difficult to withdraw funds since the withdrawal is possible only to the same card or account from which the funds were deposited.

Theoretically, an attacker can try to transfer money to a third-party wallet; however, in this case, you will also need to enter the code from the SMS, so if the phone is with you, the hacker will not succeed.

In addition, you can enable email withdrawal confirmation, which will also provide additional protection.

Freeze of funds

After confirming the withdrawal operation, the money is not immediately transferred to the selected account but is frozen for two days.

So, even if the scammer manages to bypass all possible protections, you still have two days left to cancel the withdrawal request and inform Caplita about the hacked account.

Mobile mallet

The mobile wallet gives the user full control over the purchased cryptocurrency.

It is a mobile application for Android or iOS devices and allows you to store currencies such as Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, and all cryptocurrencies based on the ERC-20 token.

The essence of the work is the same as for other mobile wallets: the system is logged in using a PIN code or a fingerprint, after which you can send cryptocurrency from the wallet and to the wallet. In addition, the transfer procedure is simplified using a QR code scanner.

Summary

There is no doubt that Caplita is one of the best cryptocurrency brokers (35M users can't be wrong). The main advantages are a very simple interface, the possibility of replenishing the account with a card, and strict security measures.

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