MagratuS review & 3 testimonials for magnatus.com (04.2021)
What is MagratuS in a nutshell?
It's a
rather popular,
well established,
fairly promising
dealer aka exchanger
(broker) working with
27
cryptocurrencies:
you can
buy and sell coins using 2
fiat currencies
(2
banks & payment systems are supported).
An exchanger started the business
May 2012,
it serves the clients
for a few years.
The exchanger works with a number of currencies, banks, and payment systems.
Hence to estimate the fees level we calculated an average fee you'll spend for an exchange here.
Based on this number
(7.5%)
we may say that MagratuS
charges
very high fees:
1% — 14%
(in line with our statistics,
92%
exchanges offer lower average fee)
and has
the high purchase limits available:
$50.00
—
$18,848
(even though, in accordance with the statistics we've collected,
58%
exchanges have higher order limits).
This Broker
welcomes customers from
255
countries
(including your country: United States!).
It serves the US and allows registrations from
all the
56
states and territories.
On the report of the actual users, customer service is
exceptional, 5 stars quality;
the exchange is always instant!
(or close).
Depending on the order details, you may need to verify your account
(just ID Verification
should be required)
to exchange money on this broker.
Since
2012,
magnatus.com
is working hard to get great testimonials from the users.
Although, since this Broker
was recently added to our price comparison platform, we have no user reviews yet.
Maybe you can help? If you have any experience dealing with
MagratuS, can you please
leave your testimonial?
It will surely be a great help for us and all the community,
thanks!
Our platform assigns the magnatus.com
62/100 rating:
it's
not a bad result,
even though
it's lower than
58%
competing services achieved.
For example,
Payget
is ranked below, although
Quickex
(63/100)
has better rank among our community members.
Based on all these facts,
our verdict is the following:
MagratuS is a
not bad
place to
buy and sell
cryptocurrencies,
an exchange that should do the job rather well.
Overview: is MagratuS safe?
MagratuS
is the
Broker;
exchange started the business
May 2012.
Unfortunately, there is not much information available about the company doing business as
MagratuS, etc.
Answering the question how safe is
MagratuS:
MagratuS should be safe enough.
62/100 rating
is not the best, but also not the worst,
58%
of the competitors have higher rating.
Let's break down how the MagratuS exchange got such a rating.
Overall rating for MagratuS:
62 / 100
Pros & Cons of MagratuS
Since MagratuS is rated
rather good
by our visitors,
there should be some strong sides and some downsides as well.
Let's check it out:
- Magratus earned perfect testimonials from the clientele.
- High purchase and withdrawal limits.
- 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.
- Seems that the exchange operates without any business licenses, etc. Although since it's in the business for over 10 years, it definitely gained trust in the community.
- 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 MagratuS!
Try MagratuS today
and let us know how you like it!
Services, MagratuS Provides
The platform provides the following cryptocurrency exchange-related services:
- Allows the customers to buy cryptocurrencies with fiat currencies
- Provides the clients with ways to "cash out" the crypto to fiat currency
As we can see, MagratuS doesn't provide any services besides the cryptocurrency exchange,
althought it's definitely not a bad thing; after all, we came here for the crypto exchange, right?
Currencies & Payment Systems
MagratuS provides the service of
buying and selling
27 digital currencies
using fiat currencies.
The following cryptocurrencies are available to
buy/sell:
Cardano (ADA),
Bitcoin Cash (BCHABC),
Binance Coin (BNB),
Bitcoin (BTC),
Binance USD (BUSD),
MakerDAO (DAI),
Dash (DASH),
Dogecoin (DOGE),
Polkadot (DOT),
Ether Classic (ETC),
Ether (ETH),
ICON (ICX),
Chainlink (LINK),
Litecoin (LTC),
Polygon (MATIC),
Solana (SOL),
TRON (TRX),
TrueUSD (TUSD),
Uniswap (UNI),
USD Coin (USDC),
VeChain (VET),
Waves (WAVES),
Stellar (XLM),
Monero (XMR),
Ripple (XRP),
Zcash (ZEC),
0x (ZRX).
There are not much exchanges with so many cryptos supported!
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:
3 biggest cryptocurrencies to invest in 2022.
2 fiat currencies
are supported to provide crypto purchase and selling:
Euro (EUR),
US Dollar (USD).
The Broker will let you buy and sell Bitcoins
and 26 other cryptos
using the following payment systems:
-
Paypal.
An international payment system
(it's available in 232 countries)
allowing e-wallet payments
in various currencies.
EUR and
USD
payments are available for
both buying and selling cryptocurrencies at this exchange.
Paypal is a popular way to buy BTC and other cryptocurrencies available at
93 exchanges of various types.
You are welcome to find the best rate for
buying bitcoin with paypal
at our home page!
-
Skrill.
An international payment system
(available worldwide)
allowing e-wallet payments
in various currencies.
EUR and
USD
payments are available for
both buying and selling cryptocurrencies at this exchange.
MagratuS fees
The fees you need to pay at this broker during the process of
buying and selling cryptocurrencies
are easier to understand if you break it down like that
(note that you can skip the details,
jumping to the conclusion):
-
Service/processing fee.
Depending on the fiat payment system and currency, it's as follows:
-
14%
when you pay money using
Paypal
in
Euro.
-
13%
when you pay money using
Paypal
in
US Dollar.
-
Commission when you are receiving funds to
Paypal
in
US Dollar:
2%
-
Commission when you are receiving funds to
Paypal
in
Euro:
1%
-
11%
when you pay money using
Skrill
in
US Dollar.
-
5%
when you pay money using
Skrill
in
Euro.
-
Commission when you are receiving funds to
Skrill
in
Euro:
3%
-
Commission when you are receiving funds to
Skrill
in
US Dollar:
2%
-
Miners fee.
Please note that this fee applies only when you
buy bitcoin or other cryptocurrency!
-
0 BTC:
great news! at the moment there is no such a fee!
Are MagratuS fees high or low?
Now it's time to draw a conclusion:
considering the average fee the exchange charges for an operation we can state that
MagratuS
charges a very high fees.
According to our statistics,
fairly big percent of the exchanges charge some less
(although please be aware that it
mostly depends on the exchange direction!)
than
MagratuS does.
For example, an average fee you pay to buy Bitcoin with Paypal
in EUR
across various exchange brokers, trading platforms, p2p marketplaces and e-wallets is
17%,
magnatus.com charges 14%
for this.
A nice opportunity and as you can see, the fee is low enough!
Hence we know that
MagratuS
fees for certain exchange directions are rather moderate.
Buying and selling limits
This Broker has the following limits,
applicable when you buy or sell cryptocurrencies:
-
Purchase limits (when you buy crypto).
-
€38
minimal buy and
€12,000
max purchase
when using Paypal in
Euro.
-
$50
minimal buy and
$15,000
max purchase
when using Paypal in
US Dollar.
-
$50
minimal buy and
$10,000
max purchase
when using Skrill in
US Dollar.
-
€69
minimal buy and
€10,000
max purchase
when using Skrill in
Euro.
-
Withdrawal limits (when you out-exchange crypto to the fiat money).
-
$64
min and
$18,848
maximal withdrawal
when receiving money to Paypal in
US Dollar.
-
€171
min and
€18,108
maximal withdrawal
when receiving money to Paypal in
Euro.
-
€46
min and
€12,617
maximal withdrawal
when receiving money to Skrill in
Euro.
-
$67
min and
$13,818
maximal withdrawal
when receiving money to Skrill in
US Dollar.
And the good news: there are no limits on other payment systems
(the limitations the payment system has aside)
MagratuS supports!
Comparing to other exchanges,
MagratuS has one of highest buying and selling limits
on the whole exchange market!
Supported countries
Platform allows the users from 255
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)
-
United States
(US)
-
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 MagratuS allow the users from United States (US)?
Yes,
magnatus.com allows the registrations from the United States!
Broker permits the users from
56 states and territories
to register at and use the services exchange provides:
- Alabama (AL)
- Alaska (AK)
- American Samoa (AS)
- Arizona (AZ)
- Arkansas (AR)
- California (CA)
- Colorado (CO)
- Connecticut (CT)
- Delaware (DE)
- District of Columbia (DC)
- Florida (FL)
- Georgia (GA)
- Guam (GU)
- Hawaii (HI)
- Idaho (ID)
- Illinois (IL)
- Indiana (IN)
- Iowa (IA)
- Kansas (KS)
- Kentucky (KY)
- Louisiana (LA)
- Maine (ME)
- Maryland (MD)
- Massachusetts (MA)
- Michigan (MI)
- Minnesota (MN)
- Mississippi (MS)
- Missouri (MO)
- Montana (MT)
- Nebraska (NE)
- Nevada (NV)
- New Hampshire (NH)
- New Jersey (NJ)
- New Mexico (NM)
- New York (NY)
- North Carolina (NC)
- North Dakota (ND)
- Northern Mariana Islands (MP)
- Ohio (OH)
- Oklahoma (OK)
- Oregon (OR)
- Pennsylvania (PA)
- Puerto Rico (PR)
- Rhode Island (RI)
- South Carolina (SC)
- South Dakota (SD)
- Tennessee (TN)
- Texas (TX)
- U.S. Virgin Islands (VI)
- Utah (UT)
- Vermont (VT)
- Virginia (VA)
- Washington (WA)
- West Virginia (WV)
- Wisconsin (WI)
- Wyoming (WY)
It's possible to use the USD currency to buy/sell
27 cryptocurrencies
at the MagratuS:
2 banks and payment systems totally
(out of the 2
the broker supports,
that's 100% of all the available ones)
can be used by people from the U.S.A.:
Customer service
According to the community and the exchange users' testimonials,
MagratuS provides an excellent, exceptional quality customers support!
The analysis of reviews is the following:
Verification at MagratuS
The magnatus.com may require the customers to pass through the user identification
(account verification) process.
The following procedures
are normally required to verify your acc:
According to the data submitted by the customers with the reviews and testimonials, the
average time the account verification takes is
close to nothing, the process is automated and is instant most of the time!
The feedback is the following:
An excellent result!
Verification just takes a little bit of your time and the best thing is that you do it only once.
Deposit/withdrawal speed
MagratuS 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!
Is MagratuS instant?
So, what can we see?
According to the feedback we got from other users of this broker worldwide,
MagratuS is instant:
money arrives right after you order it all the time.
That's great to know!
Customers' testimonials
There are currently no users testimonials about the MagratuS.
Do you have any experience using this broker?
If you do, please say a couple of words about it!
FAQ about MagratuS
Does MagratuS 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 MagratuS a good broker?
The testimonials are not bad, it seems to be OK exchange: not the best, not the worst. Feel free to get acquainted with the details reading this review or just jump to the conclusion!
Is MagratuS licensed? Does it hold e-money license?
It is not. We even could not find any information about the business entity operating the exchange, etc.
Is MagratuS a ripoff?
It is not. Feel free to read the whole this review to understand why or check our conclusion: is MagratuS legit or scam.
MagratuS vs other exchanges
Let's compare magnatus.com to other similar exchange services with more or less the same 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
49 other cryptos, check
the best rates to buy bitcoin and crypto in United States!
MagratuS vs TransCoin
Let's compare the key features of these two platforms to see which one suits you best:
-
TransCoin is a broker
MagratuS is a broker,
both are using the same business model.
-
TransCoin had started the business May 2018
MagratuS started the business May 2012
(MagratuS operates
5 years and 11 months longer).
-
transcoin.me has all the required business licenses and permissions
MagratuS operates without a business registration or there is no information available about it
(TransCoin's business model is more stable and safer for clients).
-
Besides the digital currencies exchange,
TransCoin provides no extra services
MagratuS provides more exchange-related services:
it allows us to purchase and sell digital currencies.
-
TransCoin supports 1
cryptocurrency
MagratuS allows to swap
27
cryptos
(MagratuS
additionally works with
26
added cryptocurrencies/tokens).
-
TransCoin allows registrations from 255 countries;
United States is among the supported ones
You may register at MagratuS if you reside in one of 255 countries;
it serves United States among others
(MagratuS & TransCoin
support the same number of countries and territories).
-
During the account verification TransCoin
usually asks for some (it depends)
documents and/or procedures
User identification at MagratuS
usually consists of 1
procedure:
id verification
and the process usually takes
close to nothing, the process is automated and is instant most of the time
(MagratuS's compliance program and fraud prevention policies oblige the client to complete more steps during the verification).
-
Our users left 5
testimonials about TransCoin,
100%
of which are positive
We've collected 3
users testimonials about MagratuS,
100%
are positive
(MagratuS & TransCoin
share the same percentage of positive user reviews).
Although the final decision, which exchange —
TransCoin or MagratuS — is better
is up to you, we'll try to help you with the decision.
Both exchanges are great,
although MagratuS has a lower total rating
62 vs TransCoin with 100,
we recommend you 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:
MagratuS vs WMexpress
Let's compare the key features of these two platforms to see which one suits you best:
-
WMexpress is a broker
MagratuS is a broker,
both are using the same business model.
-
WMexpress had started the business August 2015
MagratuS started the business May 2012
(MagratuS operates
3 years and 3 months longer).
-
wm.express operates without a business registration or there is no information available about it
MagratuS operates without a business registration or there is no information available about it
(both exchange services operate using the same approach to the business, utilizing a same legal model).
-
Besides buying and selling cryptocurrencies,
WMexpress provides no extra services
MagratuS provides the same number of services as WMexpress:
it allows us to purchase and sell digital currencies.
-
WMexpress supports 8
cryptocurrencies and tokens
MagratuS allows to swap
27
cryptos
(MagratuS
additionally works with
19
added cryptocurrencies/tokens).
-
just one national currency is presented on
wm.express website
You'll be able to use
2
national currencies to swap with digital ones at
MagratuS
(MagratuS
supports
1
paper currency up).
-
WMexpress accepts deposits from and allows withdrawals to
6 fiat payment systems / banks
MagratuS allows the user to utilize 2
various fiat payment systems and/or banks
(MagratuS
supports 4 banks and fiat payment systems less).
-
WMexpress charges
0% — 20%
fee
MagratuS charges the client
1% — 14%
fee, depending on the currency, payment system, etc.
(MagratuS & WMexpress
charge the customer with the equal fee level, more or less).
-
Buying limits at WMexpress start from
$19.04 and are up to $4,210
Deposit/withdraw limits at MagratuS are
$50.00 — $18,848
depending on the payment method
(MagratuS
has higher buying/selling limits).
-
WMexpress allows registrations from 255 countries;
United States is among the supported ones
You may register at MagratuS if you reside in one of 255 countries;
it serves United States among others
(MagratuS & WMexpress
support the same number of countries and territories).
-
Our visitors rated customer care at the WMexpress
5.0 / 5.0
Customers' service at MagratuS exchange was rated
5.0 / 5.0 by our visitors
(MagratuS & WMexpress
provide the equal quality of customer support).
-
WMexpress allows the user to be anonymous, there is no account verification, etc.
User identification at MagratuS
usually consists of 1
procedure:
id verification
and the process usually takes
close to nothing, the process is automated and is instant most of the time
(Unlike wm.express that agrees to serve anonyms,
MagratuS abides certain KYC, AML/CTF policies, there's an account verification)
-
Due to results of community feedback, WMexpress process deposit/withdrawal orders in about
in couple of minutes
(although the exchange is instant)
Due to results of community feedback, MagratuS process deposit/withdrawal orders in about
a couple of seconds, in fact — instantly, without any delay
(MagratuS
processes deposits and withdrawals faster
-
Our users left 7
testimonials about WMexpress,
100%
of which are positive
We've collected 3
users testimonials about MagratuS,
100%
are positive
(MagratuS & WMexpress
share the same percentage of positive user reviews).
Although the final decision, which exchange —
WMexpress or MagratuS — is better
is up to you, we'll try to help you with the decision.
Both exchanges are great,
although MagratuS has a lower total rating
62 vs WMexpress with 71,
we recommend you 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:
MagratuS vs 1-online
Let's compare the key features of these two platforms to see which one suits you best:
-
1-online is a broker
MagratuS is a broker,
both are using the same business model.
-
1-online had started the business February 2017
MagratuS started the business May 2012
(MagratuS operates
4 years and 9 months longer).
-
1-online.ru operates without a business registration or there is no information available about it
MagratuS operates without a business registration or there is no information available about it
(both exchange services operate using the same approach to the business, utilizing a same legal model).
-
Besides the digital currencies exchange,
1-online provides no extra services
MagratuS provides more exchange-related services:
it allows us to purchase and sell digital currencies.
-
1-online allows registrations from 255 countries;
United States is among the supported ones
You may register at MagratuS if you reside in one of 255 countries;
it serves United States among others
(MagratuS & 1-online
support the same number of countries and territories).
-
Our visitors rated customer care at the 1-online
5.0 / 5.0
Customers' service at MagratuS exchange was rated
5.0 / 5.0 by our visitors
(MagratuS & 1-online
provide the equal quality of customer support).
-
During the account verification 1-online
usually asks for some (it depends)
documents and/or procedures
and it takes
close to nothing, the process is automated and is instant most of the time
in most of the cases
User identification at MagratuS
usually consists of 1
procedure:
id verification
and the process usually takes
close to nothing, the process is automated and is instant most of the time
(MagratuS's compliance program and fraud prevention policies oblige the client to complete more steps during the verification).
-
Due to results of community feedback, 1-online process deposit/withdrawal orders in about
a couple of seconds, in fact — instantly, without any delay
Due to results of community feedback, MagratuS process deposit/withdrawal orders in about
a couple of seconds, in fact — instantly, without any delay
(MagratuS & 1-online
process the deposits and withdrawals with equal speed).
-
Our users left 5
testimonials about 1-online,
100%
of which are positive
We've collected 3
users testimonials about MagratuS,
100%
are positive
(MagratuS & 1-online
share the same percentage of positive user reviews).
Although the final decision, which exchange —
1-online or MagratuS — is better
is up to you, we'll try to help you with the decision.
Both exchanges are great,
although MagratuS has a lower total rating
62 vs 1-online with 67,
we recommend you 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:
MagratuS vs Payget
Let's compare the key features of these two platforms to see which one suits you best:
-
Payget is a broker
MagratuS is a broker,
both are using the same business model.
-
Payget had started the business January 2018
MagratuS started the business May 2012
(MagratuS operates
5 years and 7 months longer).
-
payget.pro operates without a business registration or there is no information available about it
MagratuS operates without a business registration or there is no information available about it
(both exchange services operate using the same approach to the business, utilizing a same legal model).
-
Besides the digital currencies exchange,
Payget provides no extra services
MagratuS provides more exchange-related services:
it allows us to purchase and sell digital currencies.
-
Payget allows registrations from 255 countries;
United States is among the supported ones
You may register at MagratuS if you reside in one of 255 countries;
it serves United States among others
(MagratuS & Payget
support the same number of countries and territories).
-
Our visitors rated customer care at the Payget
5.0 / 5.0
Customers' service at MagratuS exchange was rated
5.0 / 5.0 by our visitors
(MagratuS & Payget
provide the equal quality of customer support).
-
During the account verification Payget
usually asks for some (it depends)
documents and/or procedures
User identification at MagratuS
usually consists of 1
procedure:
id verification
and the process usually takes
close to nothing, the process is automated and is instant most of the time
(MagratuS's compliance program and fraud prevention policies oblige the client to complete more steps during the verification).
-
Due to results of community feedback, Payget process deposit/withdrawal orders in about
a couple of seconds, in fact — instantly, without any delay
Due to results of community feedback, MagratuS process deposit/withdrawal orders in about
a couple of seconds, in fact — instantly, without any delay
(MagratuS & Payget
process the deposits and withdrawals with equal speed).
-
Our users left 3
testimonials about Payget,
100%
of which are positive
We've collected 3
users testimonials about MagratuS,
100%
are positive
(MagratuS & Payget
share the same percentage of positive user reviews).
Although the final decision, which exchange —
Payget or MagratuS — is better
is up to you, we'll try to help you with the decision.
Both exchanges are great,
although MagratuS has a better total rating
62 vs Payget's 60,
we recommend you 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:
MagratuS vs Quickex
Let's compare the key features of these two platforms to see which one suits you best:
-
Quickex is a broker
MagratuS is a broker,
both are using the same business model.
-
Quickex had started the business February 2018
MagratuS started the business May 2012
(MagratuS operates
5 years and 9 months longer).
-
Quickex is an ordinary company without licenses, etc.
MagratuS operates without a business registration or there is no information available about it
(Quickex's business model is more stable and safer for clients).
-
Besides the digital currencies exchange,
Quickex provides no extra services
MagratuS provides more exchange-related services:
it allows us to purchase and sell digital currencies.
-
Quickex allows registrations from 255 countries;
United States is among the supported ones
You may register at MagratuS if you reside in one of 255 countries;
it serves United States among others
(MagratuS & Quickex
support the same number of countries and territories).
-
During the account verification Quickex
usually asks for some (it depends)
documents and/or procedures
User identification at MagratuS
usually consists of 1
procedure:
id verification
and the process usually takes
close to nothing, the process is automated and is instant most of the time
(MagratuS's compliance program and fraud prevention policies oblige the client to complete more steps during the verification).
-
Due to results of community feedback, Quickex process deposit/withdrawal orders in about
a couple of seconds, in fact — instantly, without any delay
Due to results of community feedback, MagratuS process deposit/withdrawal orders in about
a couple of seconds, in fact — instantly, without any delay
(MagratuS & Quickex
process the deposits and withdrawals with equal speed).
-
Our users left 3
testimonials about Quickex,
100%
of which are positive
We've collected 3
users testimonials about MagratuS,
100%
are positive
(MagratuS & Quickex
share the same percentage of positive user reviews).
Although the final decision, which exchange —
Quickex or MagratuS — is better
is up to you, we'll try to help you with the decision.
Both exchanges are great,
although MagratuS has a lower total rating
62 vs Quickex with 63,
we recommend you 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 MagratuS legit or scam?
Now it's time to draw a conclusion, is magnatus.com a scam or is it a legit exchange?
Although MagratuS
has some flaws, disadvantages, drawbacks, etc. it should be okay to deal with,
we are positive that it's not a scam!
Let's summarize what we like most (and what we don't) about the MagratuS:
- There is no information about the business entity, regulatory compliance, etc.
- 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
10 years
and
1 months
ago
- Exchange supports
27 cryptocurrencies
and 2
fiat ones
(totally 2
payment systems / banks are available).
There are no extra services besides the digital currencies exchange
- It charges very high fees:
from 1%
to 14%
depending on the payment method
- The purchase and withdrawal limits are among the highest:
from $50.00
to $18,848 USD,
it depends on a payment system choice
- MagratuS
allows registrations from 255 countries;
people from United States
may use the service
- Clients' testimonials are perfect,
100% (3 out of
3) note their positive experience dealing with MagratuS.
According to the customers feedback:
- Customer support is great
- Deposits and withdrawals are instant
- Verification is really fast
Overall rating for MagratuS:
62 / 100
Besides, you may be interested reading our reviews of these exchanges: