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MagneticExchange review & 7 testimonials for http://magneticexchange.com (12.2019)

MagneticExchange user interface: the home page in English

What is MagneticExchange in a nutshell? It's a trusted, well established, promising exchange service (broker) supporting some popular crypto: you can exchange these using the website. Exchange service started the business May 2011, it serves the clients for a few years.

This Broker welcomes customers from 254 countries (unfortunately, your country: United States is not supported at the moment; but there are good alternatives). Due to regulatory restrictions, US citizens and residents are not served by the exchange. According to the feedback from users, customer service is below average; although the exchange is always instant or so. Depending on the order details, you may need to verify your account to exchange crypto on this Broker.

Since 2011, MagneticExchange has got some great testimonials from the customers: just our platform, that was recently launched, has 7 user reviews, 100% of those are positive. The majority of the users value the fast order processing, usability of the user interface, most of all. Our platform assigns the MagneticExchange 95/100 rating: it's the great result, higher than 100% of the competition! For example, Binance and Changelly are ranked below, although BitQuick (100/100) has better rank among our community members.

Based on all these facts, our verdict is the following: MagneticExchange is a perfectly safe place to exchange Bitcoins, almost an ideal exchange with great feedback we can recommend to our dear visitors!

Overview: is MagneticExchange safe?

MagneticExchange is the Broker; Magnetic Crypto Services OÜ (dba MagneticExchange) started the business in May 2011. The company is based in the Estonia with the headquarters located in the Tallinn. Official MagneticExchange address is Lasnamäe linnaosa, Valukoja tn 8/1-110, 11415. The firm is a licensed MSB, regulated by the The Estonian Financial Supervision Authority (EFSA); it holds the Currency exchange license.

MagneticExchange was founded by Leonid Babienko.

The service is provided by Estonian firm owned by Magnetic Exchange LLP, limited partnership registered in the United Kingdom.

Answering the question how safe is MagneticExchange:

MagneticExchange is definitely safe! 95/100 rating is rather hard to get, 100% exchanges have lower rating! Let's break down how the MagneticExchange exchange got such a rating.
Time in the business: 9 years 2 months
Feedback count: 7
Reviews: 7 positive, 0 negative, 0 neutral
Business model: no special licenses, etc.
Order Speed: instant
Support Quality: unknown
Verification Speed: unknown
UI Usability: average

Overall rating for MagneticExchange: 95 / 100

Pros & Cons of MagneticExchange

Since MagneticExchange is rated very highly by our visitors, it should have a lot of strong sides and just a few downsides. Let's check it out:

  • Broker operates for a long time, service was started 2011.05.
  • Magneticexchange earned perfect testimonials from the clientele.
  • Almost all the countries in the world are welcomed here! Feel free to check if your country is allowed to register an account.
  • Lightning-fast orders processing, according to customers feedback.
  • Magneticexchange doesn't hold the clients funds, delivering the funds directly to your wallet.
  • Brokers are less regulated exchanges, you are basically on your own if you have problems with such a service.

Seems that there are not so many cons, but a lot of pros. We hope you will enjoy your experience exchanging at MagneticExchange! Try MagneticExchange today and let us know how you like it!

Services, MagneticExchange Provides

The platform provides the following cryptocurrency exchange-related services:

  • Helps the visitors to exchange the electronic currencies.

As we can see, MagneticExchange doesn't provide any services besides the cryptocurrency exchange, althought it's safe to say that it does it better than many competitors!

Currencies & Payment Systems

MagneticExchange provides the service of various cryptocurrencies exchange.

If you are not sure, which one of these electronic currencies you are most interested in, you are welcome to read our guides. For example, these: Top 5 cryptocurrencies with smart contracts to buy in 2020.

MagneticExchange fees

Unfortunately, the integration data from MagneticExchange is missing, seems that there are some technical issues preventing our bot to crawl the information. We are sorry, but we can't analyze the fees without an access to the data feed, although you can check everything by yourself at the exchange website.

Buying and selling limits

This Broker has the following limits, applicable when you buy or sell cryptocurrencies:

We are sorry, but at the moment the data feed from MagneticExchange is missing, so we can't provide you with this information. Please don't hesitate to either check by yourself at their website or just come back later!

Supported countries

Platform allows the users from 254 countries to use the exchange. The following countries are supported by the broker:

  • Afghanistan (AF)
  • Aland Islands (AX)
  • Albania (AL)
  • Algeria (DZ)
  • American Samoa (AS)
  • Andorra (AD)
  • Angola (AO)
  • Anguilla (AI)
  • Antarctica (AQ)
  • Antigua & Barbuda (AG)
  • Argentina (AR)
  • Armenia (AM)
  • Aruba (AW)
  • Ascension Island (AC)
  • Australia (AU)
  • Austria (AT)
  • Azerbaijan (AZ)
  • Bahamas (BS)
  • Bahrain (BH)
  • Bangladesh (BD)
  • Barbados (BB)
  • Belarus (BY)
  • Belgium (BE)
  • Belize (BZ)
  • Benin (BJ)
  • Bermuda (BM)
  • Bhutan (BT)
  • Bolivia (BO)
  • Bosnia & Herzegovina (BA)
  • Botswana (BW)
  • Bouvet Island (BV)
  • Brazil (BR)
  • British Indian Ocean Territory (IO)
  • British Virgin Islands (VG)
  • Brunei (BN)
  • Bulgaria (BG)
  • Burkina Faso (BF)
  • Burundi (BI)
  • Cambodia (KH)
  • Cameroon (CM)
  • Canada (CA)
  • Canary Islands (IC)
  • Cape Verde (CV)
  • Caribbean Netherlands (BQ)
  • Cayman Islands (KY)
  • Central African Republic (CF)
  • Ceuta & Melilla (EA)
  • Chad (TD)
  • Chile (CL)
  • China (CN)
  • Christmas Island (CX)
  • Cocos (Keeling) Islands (CC)
  • Colombia (CO)
  • Comoros (KM)
  • Congo - Brazzaville (CG)
  • Congo - Kinshasa (CD)
  • Cook Islands (CK)
  • Costa Rica (CR)
  • Côte d’Ivoire (CI)
  • Croatia (HR)
  • Cuba (CU)
  • Curaçao (CW)
  • Cyprus (CY)
  • Czech Republic (CZ)
  • Denmark (DK)
  • Diego Garcia (DG)
  • Djibouti (DJ)
  • Dominica (DM)
  • Dominican Republic (DO)
  • Ecuador (EC)
  • Egypt (EG)
  • El Salvador (SV)
  • Equatorial Guinea (GQ)
  • Eritrea (ER)
  • Estonia (EE)
  • Ethiopia (ET)
  • Falkland Islands (FK)
  • Faroe Islands (FO)
  • Fiji (FJ)
  • Finland (FI)
  • France (FR)
  • French Guiana (GF)
  • French Polynesia (PF)
  • French Southern Territories (TF)
  • Gabon (GA)
  • Gambia (GM)
  • Georgia (GE)
  • Germany (DE)
  • Ghana (GH)
  • Gibraltar (GI)
  • Greece (GR)
  • Greenland (GL)
  • Grenada (GD)
  • Guadeloupe (GP)
  • Guam (GU)
  • Guatemala (GT)
  • Guernsey (GG)
  • Guinea (GN)
  • Guinea-Bissau (GW)
  • Guyana (GY)
  • Haiti (HT)
  • Heard Island and McDonald Islands (HM)
  • Honduras (HN)
  • Hong Kong SAR China (HK)
  • Hungary (HU)
  • Iceland (IS)
  • India (IN)
  • Indonesia (ID)
  • Iran (IR)
  • Iraq (IQ)
  • Ireland (IE)
  • Isle of Man (IM)
  • Israel (IL)
  • Italy (IT)
  • Jamaica (JM)
  • Japan (JP)
  • Jersey (JE)
  • Jordan (JO)
  • Kazakhstan (KZ)
  • Kenya (KE)
  • Kiribati (KI)
  • Kosovo (XK)
  • Kuwait (KW)
  • Kyrgyzstan (KG)
  • Laos (LA)
  • Latvia (LV)
  • Lebanon (LB)
  • Lesotho (LS)
  • Liberia (LR)
  • Libya (LY)
  • Liechtenstein (LI)
  • Lithuania (LT)
  • Luxembourg (LU)
  • Macau SAR China (MO)
  • Macedonia (MK)
  • Madagascar (MG)
  • Malawi (MW)
  • Malaysia (MY)
  • Maldives (MV)
  • Mali (ML)
  • Malta (MT)
  • Marshall Islands (MH)
  • Martinique (MQ)
  • Mauritania (MR)
  • Mauritius (MU)
  • Mayotte (YT)
  • Mexico (MX)
  • Micronesia (FM)
  • Moldova (MD)
  • Monaco (MC)
  • Mongolia (MN)
  • Montenegro (ME)
  • Montserrat (MS)
  • Morocco (MA)
  • Mozambique (MZ)
  • Myanmar (Burma) (MM)
  • Namibia (NA)
  • Nauru (NR)
  • Nepal (NP)
  • Netherlands (NL)
  • New Caledonia (NC)
  • New Zealand (NZ)
  • Nicaragua (NI)
  • Niger (NE)
  • Nigeria (NG)
  • Niue (NU)
  • Norfolk Island (NF)
  • Northern Mariana Islands (MP)
  • North Korea (KP)
  • Norway (NO)
  • Oman (OM)
  • Pakistan (PK)
  • Palau (PW)
  • Palestinian Territories (PS)
  • Panama (PA)
  • Papua New Guinea (PG)
  • Paraguay (PY)
  • Peru (PE)
  • Philippines (PH)
  • Pitcairn Islands (PN)
  • Poland (PL)
  • Portugal (PT)
  • Puerto Rico (PR)
  • Qatar (QA)
  • Réunion (RE)
  • Romania (RO)
  • Russia (RU)
  • Rwanda (RW)
  • Samoa (WS)
  • San Marino (SM)
  • São Tomé & Príncipe (ST)
  • Saudi Arabia (SA)
  • Senegal (SN)
  • Serbia (RS)
  • Seychelles (SC)
  • Sierra Leone (SL)
  • Singapore (SG)
  • Sint Maarten (SX)
  • Slovakia (SK)
  • Slovenia (SI)
  • Solomon Islands (SB)
  • Somalia (SO)
  • South Africa (ZA)
  • South Georgia & South Sandwich Islands (GS)
  • South Korea (KR)
  • South Sudan (SS)
  • Spain (ES)
  • Sri Lanka (LK)
  • St. Barthélemy (BL)
  • St. Helena (SH)
  • St. Kitts & Nevis (KN)
  • St. Lucia (LC)
  • St. Martin (MF)
  • St. Pierre & Miquelon (PM)
  • St. Vincent & Grenadines (VC)
  • Sudan (SD)
  • Suriname (SR)
  • Svalbard & Jan Mayen (SJ)
  • Swaziland (SZ)
  • Sweden (SE)
  • Switzerland (CH)
  • Syria (SY)
  • Taiwan (TW)
  • Tajikistan (TJ)
  • Tanzania (TZ)
  • Thailand (TH)
  • Timor-Leste (TL)
  • Togo (TG)
  • Tokelau (TK)
  • Tonga (TO)
  • Trinidad & Tobago (TT)
  • Tristan da Cunha (TA)
  • Tunisia (TN)
  • Turkey (TR)
  • Turkmenistan (TM)
  • Turks & Caicos Islands (TC)
  • Tuvalu (TV)
  • Uganda (UG)
  • Ukraine (UA)
  • United Arab Emirates (AE)
  • United Kingdom (GB)
  • Uruguay (UY)
  • U.S. Outlying Islands (UM)
  • U.S. Virgin Islands (VI)
  • Uzbekistan (UZ)
  • Vanuatu (VU)
  • Vatican City (VA)
  • Venezuela (VE)
  • Vietnam (VN)
  • Wallis & Futuna (WF)
  • Western Sahara (EH)
  • Yemen (YE)
  • Zambia (ZM)
  • Zimbabwe (ZW)

Does MagneticExchange allow the users from United States (US)?

USA flag

Sorry, but the MagneticExchange can't provide the services to the citizens and residents of the United States of America at this time, due to the local regulations and licensing matters, etc. But there are no reasons to get disappointed because of that, there are plenty of great exchanges as well as the ones of Broker type, who warmly welcomes the American people! We can recommend you to look at these:

Customer service

Sorry, but we haven't collected enough data about this yet. Do you have any experience exchanging with the MagneticExchange? Can you please add your testimonial? This will help everyone a lot, thanks!

Verification at MagneticExchange

The broker may require the customers to pass through the user identification (account verification) process. MagneticExchange may require you to verify some information about your identity; the details depend on order amount, exchange direction, payment systems used, etc.

You'll see all the details during an order creation.

According to the customers surveys results, the average time to verify an account at MagneticExchange is the following:

Sorry, we haven't yet collected enough data. Do you know, how fast MagneticExchange does account verification? Kindly let us know, too. Thank you very much!

Deposit/withdrawal speed

MagneticExchange processes orders (at least, some of them) "manually" i.e. with the participation of a human operator. Hence it's critically important to know how fast the staff operates, let us show you what statistics we collected about the speed of this exchange service!

Exchange is instant, zero delay: 1 votes
It's near instant, process takes less than 5 minutes: 0 votes
Order should be ready in 5-15 mins: 0 votes
It may take up to an hour to get your funds: 0 votes
Orders are completed during few hours: 0 votes
It takes up to 24 hours to get your money: 0 votes
Exchange may take a few days: 0 votes
The delay can be over a week: 0 votes

Is MagneticExchange instant?

So, what can we see? According to the feedback we got from other users of this broker worldwide, MagneticExchange is instant: money arrives right after you order it all the time. That's great to know!

Customers' testimonials

Our users left 7 testimonials about their experience dealing with MagneticExchange, 100% of the testimonials are positive, 0% are neutral and there are 0 negative ones. Feel free to read as many of these as you like!

EmperorS., 4 testimonials
@ 19 Sep 2019
MigosW., 3 testimonials
@ 14 Sep 2019
AntonioN., 3 testimonials
@ 13 Sep 2019
SatoshiN., 71 testimonials
@ 06 Sep 2019
No more testimonials to show. The rest are either outdated or written in other languages. If you have any experience dealing with MagneticExchange, can you please leave your testimonial? Thanks!

Overall result if great! 100% positive testimonials is something the business owners are very proud of, such a rating is hard to get and even harder to maintain! It means the community really trusts and likes the MagneticExchange services, so most likely, you'd enjoy it too!

FAQ about MagneticExchange

Does MagneticExchange holds my funds?

It does not! One of the best things dealing with the brokers is that unlike most of other exchanges, such businesses instantly deliver your funds to your own wallet after the payment clearance.

Is MagneticExchange a good broker?

According to our rating and the clients' testimonials, it is! Feel free to get acquainted with the details reading this review or just jump to the conclusion!

Is MagneticExchange licensed? Does it hold e-money license?

It is not, although seems that such business model complies with the regulation in MagneticExchange home country.

Is MagneticExchange a ripoff?

It definitely isn't! Feel free to read the whole this review to understand why or check our conclusion: is MagneticExchange legit or scam.

MagneticExchange vs other exchanges

Let's compare MagneticExchange to other similar exchange services with similar features: others of broker type mostly. Besides, seems reasonable to compare the platform with the exchanges having similar rating and serving (mostly) the same geographic, etc. Remember that if you wish to find the exchange offering the best price to buy/sell Bitcoin and 33 other cryptos, check the best rates to buy bitcoin and crypto in United States!

MagneticExchange vs Zank

Let's compare the key features of these two platforms to see which one suits you best:

  • Zank is a broker MagneticExchange is a broker, both are using the same business model.
  • Zank had started the business July 2018 MagneticExchange started the business May 2011 (MagneticExchange operates 7 years and 1 months longer).
  • Zank has all the required business licenses and permissions MagneticExchange is an ordinary company without licenses, etc. (Zank's business model is more stable and safer for clients).
  • Besides buying and selling cryptocurrencies, Zank provides no extra services MagneticExchange provides us with less services, related to the crypto exchange: it just exchanges cryptos.
  • 5 fiat currencies are available at Zank MagneticExchange doesn't allow to use any fiat currencies (MagneticExchange supports 5 fiat currencies less).
  • Zank accepts deposits from and allows withdrawals to 21 fiat payment systems / banks MagneticExchange doesn't support fiat payments in any form (MagneticExchange supports 21 banks and fiat payment systems less).
  • Zank allows registrations from 254 countries; we are sorry, but United States is not supported this time You may register at MagneticExchange if you reside in one of 254 countries; unfortunately, United States is not among the supported ones (MagneticExchange & Zank support the same number of countries and territories).
  • During the account verification Zank usually asks for 3 documents and/or procedures: (id verification, address confirmation, card verification) and it takes a day or two in most of the cases User identification at MagneticExchange usually consists of some (it depends) different procedures (MagneticExchange 's compliance program requires the client to take more actions or to provide more data).
  • Due to results of community feedback, Zank process deposit/withdrawal orders in about in couple of minutes (although the exchange is instant) Due to results of community feedback, MagneticExchange process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay (MagneticExchange processes deposits and withdrawals faster
  • Our users left 13 testimonials about Zank, 100% of which are positive We've collected 7 users testimonials about MagneticExchange, 100% are positive (MagneticExchange & Zank share the same percentage of positive user reviews).

Although the final decision, which exchange — Zank or MagneticExchange — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although MagneticExchange has a better total rating 95 vs Zank's 93, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

MagneticExchange vs Bit4Sale

Let's compare the key features of these two platforms to see which one suits you best:

  • Bit4Sale is a broker MagneticExchange is a broker, both are using the same business model.
  • Bit4Sale had started the business August 2018 MagneticExchange started the business May 2011 (MagneticExchange operates 7 years and 3 months longer).
  • Bit4Sale has all the required business licenses and permissions MagneticExchange is an ordinary company without licenses, etc. (Bit4Sale's business model is more stable and safer for clients).
  • Besides buying and selling cryptocurrencies, Bit4Sale provides no extra services MagneticExchange provides us with less services, related to the crypto exchange: it just exchanges cryptos.
  • 14 fiat currencies are available at Bit4Sale MagneticExchange doesn't allow to use any fiat currencies (MagneticExchange supports 14 fiat currencies less).
  • Bit4Sale accepts deposits from and allows withdrawals to 8 fiat payment systems / banks MagneticExchange doesn't support fiat payments in any form (MagneticExchange supports 8 banks and fiat payment systems less).
  • Bit4Sale allows registrations from 255 countries; United States is among the supported ones You may register at MagneticExchange if you reside in one of 254 countries; unfortunately, United States is not among the supported ones (MagneticExchange supports less countries).
  • During the account verification Bit4Sale usually asks for 2 documents and/or procedures: (id verification, phone confirmation) and it takes a day or two in most of the cases User identification at MagneticExchange usually consists of some (it depends) different procedures (MagneticExchange 's compliance program requires the client to take more actions or to provide more data).
  • Due to results of community feedback, Bit4Sale process deposit/withdrawal orders in about in couple of minutes (although the exchange is instant) Due to results of community feedback, MagneticExchange process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay (MagneticExchange processes deposits and withdrawals faster
  • Our users left 3 testimonials about Bit4Sale, 100% of which are positive We've collected 7 users testimonials about MagneticExchange, 100% are positive (MagneticExchange & Bit4Sale share the same percentage of positive user reviews).

Although the final decision, which exchange — Bit4Sale or MagneticExchange — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although MagneticExchange has a better total rating 95 vs Bit4Sale's 92, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

MagneticExchange vs Binance

Let's compare the key features of these two platforms to see which one suits you best:

  • Binance is a trading platform MagneticExchange is a broker, it has a different business model (feel free to read about the differences between trading platform and broker)
  • Binance had started the business April 2017 MagneticExchange started the business May 2011 (MagneticExchange operates 5 years and 11 months longer).
  • Binance has all the required business licenses and permissions MagneticExchange is an ordinary company without licenses, etc. (Binance's business model is more stable and safer for clients).
  • Besides the crypto to crypto exchange, Binance provides the following extra services: Mobile wallet, Lending and the Margin Trading MagneticExchange provides us with less services, related to the crypto exchange: it just exchanges cryptos.
  • Binance allows registrations from 255 countries; United States is among the supported ones You may register at MagneticExchange if you reside in one of 254 countries; unfortunately, United States is not among the supported ones (MagneticExchange supports less countries).
  • During the account verification Binance usually asks for 1 document / procedure: (selfie) User identification at MagneticExchange usually consists of some (it depends) different procedures (MagneticExchange 's compliance program requires the client to take more actions or to provide more data).
  • Our users left 17 testimonials about Binance, 94% of which are positive We've collected 7 users testimonials about MagneticExchange, 100% are positive (MagneticExchange has better testimonials from the clients

Although the final decision, which exchange — Binance or MagneticExchange — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although MagneticExchange has a better total rating 95 vs Binance's 94, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

MagneticExchange vs Changelly

Let's compare the key features of these two platforms to see which one suits you best:

  • Changelly is a broker MagneticExchange is a broker, both are using the same business model.
  • Changelly had started the business December 2013 MagneticExchange started the business May 2011 (MagneticExchange operates 2 years and 7 months longer).
  • Changelly has all the required business licenses and permissions MagneticExchange is an ordinary company without licenses, etc. (Changelly's business model is more stable and safer for clients).
  • Besides the digital currencies exchange, Changelly provides no extra services MagneticExchange provides the same number of services as Changelly: it just exchanges cryptos.
  • Changelly allows registrations from 242 countries; we are sorry, but United States is not supported this time You may register at MagneticExchange if you reside in one of 254 countries; unfortunately, United States is not among the supported ones (MagneticExchange supports more countries worldwide).
  • Changelly allows the user to be anonymous, there is no account verification, etc. User identification at MagneticExchange usually consists of some (it depends) different procedures (MagneticExchange 's compliance program requires the client to take more actions or to provide more data).
  • Due to results of community feedback, Changelly process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay Due to results of community feedback, MagneticExchange process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay (MagneticExchange & Changelly process the deposits and withdrawals with equal speed).
  • Our users left 17 testimonials about Changelly, 94% of which are positive We've collected 7 users testimonials about MagneticExchange, 100% are positive (MagneticExchange has better testimonials from the clients

Although the final decision, which exchange — Changelly or MagneticExchange — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although MagneticExchange has a better total rating 95 vs Changelly's 94, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

MagneticExchange vs BitQuick

Let's compare the key features of these two platforms to see which one suits you best:

  • BitQuick is a p2p marketplace MagneticExchange is a broker, it has a different business model (feel free to read about the differences between p2p marketplace and broker)
  • BitQuick had started the business October 2013 MagneticExchange started the business May 2011 (MagneticExchange operates 2 years and 5 months longer).
  • BitQuick has all the required business licenses and permissions MagneticExchange is an ordinary company without licenses, etc. (BitQuick's business model is more stable and safer for clients).
  • Besides the digital currencies exchange, BitQuick provides no extra services MagneticExchange provides the same number of services as BitQuick: it just exchanges cryptos.
  • BitQuick allows registrations from 1 countries; United States is among the supported ones You may register at MagneticExchange if you reside in one of 254 countries; unfortunately, United States is not among the supported ones (MagneticExchange supports more countries worldwide).
  • During the account verification BitQuick usually asks for 1 document / procedure: (phone confirmation) User identification at MagneticExchange usually consists of some (it depends) different procedures (MagneticExchange 's compliance program requires the client to take more actions or to provide more data).
  • Due to results of community feedback, BitQuick process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay Due to results of community feedback, MagneticExchange process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay (MagneticExchange & BitQuick process the deposits and withdrawals with equal speed).
  • Our users left 4 testimonials about BitQuick, 100% of which are positive We've collected 7 users testimonials about MagneticExchange, 100% are positive (MagneticExchange & BitQuick share the same percentage of positive user reviews).

Although the final decision, which exchange — BitQuick or MagneticExchange — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although MagneticExchange has a lower total rating 95 vs BitQuick with 100, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Conclusion: is MagneticExchange legit or scam?

Now it's time to draw a conclusion, is MagneticExchange a scam or is it a legit exchange? We are 100% sure MagneticExchange is a trusted, legit exchange with great reputation in the community. There is no way it can be called a scam! Let's summarize what we like most (and what we don't) about the MagneticExchange:

  • Although it has no financial licenses, etc. such a business model complies with the regulation
  • The broker doesn't hold customers' funds, instantly delivering monies to your wallet
  • This company has being in the business for a long time; exchange was started 9 years and 2 months ago
  • MagneticExchange accepts the clients from 254 countries; unfortunately, users from United States are not permitted to use the service
  • Clients' testimonials are perfect, 100% (7 out of 7) note their positive experience dealing with MagneticExchange. According to the customers feedback:
    • Deposits and withdrawals are instant

Overall rating for MagneticExchange: 95 / 100