Openledger
- Overview
- Security
- User Experience
Volume 24H: BTC 520.52/24h
Openledger is a decentralized exchange service maintained by a Denmark-based company that offers support for numerous altcoins and crypto trading pairs against fiat currencies (USD, EUR, CNY). The full trading platform also assists users in their ICO launches with OpenLedger Crowdfounding Services and in purchasing the newest tokens on the market.
Open Ledger is definitely not intended for the average Joe. The platform navigation is stuffed with buttons that require a thorough FAQ reading in order to find your way through the exchange. However, the UI is accessible and opening an account is quite easy as it doesn't require any registration or KYC protocols to get started.
Crypto Currencies Support
- BTC
- DASH
- DOGE
- ETH
- LTC
Traditional Currency Support
- EUR
- USD
Language Support
- Chinese
- English
- French
- German
- Korean
- Russian
- Spanish
- Turkish
Country Support
- Australia
- Canada
- China
- European Union
- Hong Kong
- Japan
- Most Africa
- Most of Asia
- Most of Eastern European Union
- Most of Latin America
- Most of the Middle East
- New Zealand
- Norway
- Russian Federation
- Singapore
- Switzerland
- Turkey
- United Kingdom of Great Britain and Northern Ireland
- United States of America
Platforms Systems
- — Web Interface
Stock Market Options
The exchange servers on which the platform runs are secure and all data is encrypted, while the user's private keys are encoded with a passphrase and stored locally in the browser's database. Furthermore, the user interface is capable of carrying and accessing several separate wallets, each containing several possible accounts and their corresponding funds. No hacks have been reported up to now.
Summary:
| 2 Factor Authentication | Yes |
| Funds Insured | Funds Are Not Insured |
| Private Keys Stored On | User |
| Storage Type | User Is Responsible For Key Storage |
The Open Ledger platform is run and maintained by a company managed by Ronny Boesing, an internet marketer and financial geek. The business is made up of two entities, the OpenLedger DEX (exchange) and OpenLedger's Crowdfunding Services, through which they back up ICOs. In 2017, they received $1.6 million in seed funding from a group of unnamed investors from China, the United States, and Europe.
Summary:
Open Ledger is a Danish crypto exchange. Although the platform provides support for several less-popular tokens, this service is not very popular, there is very little information available about the company behind it, and already there have been reports about poor customer support and functionality issues.
| Ease of use | Complex |
| Transaction Fees | It's Free (fees May Be Hidden) |
| Deposit/Withdrawal Fee | It's Free (fees May Be Hidden) |
| Deposit/Withdrawal Fee For Bank Transfer | 1.1+ |
| Deposit/Withdrawal Fee For Credit Card | N/A |
| Deposit/Withdrawal Fee Charged For 3rd party Payments | N/A |
| Anonymous Trading | Yes |
Deposit/Withdrawal Options:
Deposit from bank account, Withdrawl funds to bank account, Send/Receive Crypto
Functionality:
Open Ledger allow users to trade in over 50 digital coins and make deposits and withdrawals only through bank transfers. The platform also includes an advertising technology called HubDSP, tokens called OBITS (reward-based tokens), equity-based investments, and a crowdfunding system called ICOO. Together, these services are known as the ecosystems of the decentralized exchange.
Most common customer complaint:
— Lack of customer support, functionalities not working