Evercoin is a Silicon Valley-based cryptocurrency exchange founded and led by Talip Ozturk, the creator of Hazelcast, a popular open source in-memory distributed database in use at the biggest financial services companies in the world.
In this Evercoin review, you will get the answers to these questions. What is Evercoin? Is Evercoin safe? What are the Evercoin fees? What are the Evercoin withdrawal limits? Which cryptocurrencies are available in Evercoin?
I reviewed EverCoin based on the following criteria.
- Transparent about the team
- As easy as it gets
- 16 coins supported
- Mobile app available
- No ways of buying with fiat
- No charting
What is Evercoin?
What is Evercoin?
Evercoin is an integrated non-custodial system for managing cryptocurrencies. It brings together an exchange (Evercoin), mobile wallets, a desktop trading application and hardware wallets into one comprehensive system.
Almost all of the major cryptocurrency exchanges hold custody of user funds, and therefore are custodial exchanges. Evercoin does not hold user funds and is therefore non-custodial.
It lets its user’s exchange between varieties of cryptocurrencies without having to go through a registration process with the platform.
Is Evercoin Safe?
Is Evercoin Safe?
The people behind Evercoin have presented themselves on the about section of the website. The leader of the team consisting of 7 people, the founder Talip Ozturk.
Users never have to share their own funds except for the transaction amount with Evercoin. So, this model saves their funds from being subject to threatening attempts from malicious parties.
The amount already includes the network fee which goes directly to the respective cryptocurrency blockchain for performing a transaction, as well as Evercoin’s own fee which ranges between 0.5% – 0.8% of the trade and fluctuates in every transaction.
Trading Instruments (Cryptocurrencies)
Evercoin provides 16 cryptocurrencies including:
- Bitcoin – BTC
- Ethereum – ETH
- Litecoin – LTC
- Ripple – XRP
- Bitcoin Cash – BCH
- Dash – DASH
- Ethereum Classic – ETC
- Monero – XMR
- Zcash – ZEC
- Bitcoin Gold – BTG
- Dogecoin – DOGE
- Decred – DCR
- Waves – WAVES
- Qtum – QTUM
- ZenCash – ZEN
- Digibyte – DGB
In order to start trading between these cryptocurrencies at Evercoin, users can either visit its website or download its offered mobile apps for iOS and Android.
Since the platform requires no registration, users can go ahead and start using Evercoin’s services as soon as they visit the platform.
There are no ways of buying with fiat. However, you can deposit via credit card or bank wire transfer options.
Evercoin has a live chat option on which representatives are readily available to answer customers’ questions. The platform also has official Twitter and Facebook channels, where users can contact the team for any inquiries that they have.
Evercoin is US cryptocurrency exchange service. It allows you to easily convert one coin into another. They should be more transparent on the pricing.
Evercoin remains to be a good option for instant cryptocurrency buying and selling activities without having to go through complicated procedures.
If you prefer to trade securely with a licensed entity, it may be a better choice of trading with a forex broker. In most countries, the regulation of cryptocurrency exchanges is still underdeveloped while there are duly licensed forex brokerages that also offer to trade in Bitcoin.