Raidofinance review & 1 testimonial (updated 03.2020)
- Overview: is Raidofinance safe?
- Pros & Cons of Raidofinance
- Services, Raidofinance Provides
- Currencies & Payment Systems
- Raidofinance fees
- Buying and selling limits
- Supported countries
- Customer service
- Verification at Raidofinance
- Deposit/withdrawal speed
- Customers' testimonials
- FAQ about Raidofinance
- Raidofinance vs other exchanges
- Conclusion: is Raidofinance legit or scam?
What is Raidofinance in a nutshell? It's maybe not the most popular, but respectable, exchange service (broker) supporting 2 cryptocurrencies: you can buy and sell coins using 2 fiat currencies (2 banks & payment systems are supported). Exchange service started the business Mar 2019, it's a fully compliant, licensed financial company.
This service 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 (3.5%) we may say that Raidofinance charges moderate fees: 2% — 5% (according to our statistics, 90% exchanges take higher average fee) and has the high purchase limits available: $50 — $10,000 (in accordance with the statistics we've collected, 89% exchanges allow lower limits for orders). This Broker welcomes customers from 251 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 exceptional, 5 stars quality; the exchange is always instant! or so. You will have to verify your account (ID Verification, Selfie should be normally required) before being able to use the service.
Based on all these facts, our verdict is the following: Raidofinance is a legit, but promising, although not yet reviewed much by our visitors place to buy and sell cryptocurrencies, an interesting exchange that we believe will get some nice feedback soon!
Overview: is Raidofinance safe?
Raidofinance is the Broker; Raidofinance OÜ (dba Raidofinance) started the business in March 2019. The company is based in the Estonia with the headquarters located in the Tallinn. Official Raidofinance address is Harju maakond, Tallinn, Kesklinna linnaosa, Estonia pst 5, 10143. The firm is a licensed MSB, regulated by the Finantsinspektsioon (Estonian Financial Supervision and Resolution Authority); it holds the Cryptocurrencies exchange license.
Raidofinance CEO is Alexander Gonchar.
Raidofinance actually holds few financial licenses: FRK000354, FFA000291, FIU000266, FVR000433
Besides instant buying and selling, the platform also supports cryptocurrency trading: it's actually a "two in one" solution!
Answering the question how safe is Raidofinance:
We are sorry, our platform has't yet collected enough data, but you can help! We know fairly much about this Broker (please continue reading), but our policies require to collect more testimonials from the users of Raidofinance to draw a conclusion. Do you have any experience dealing with this service? Please add your feedback, this will be a great help! Or maybe you know someone who does? Kindly ask him/her to tell us about it here! We really appreciate your participation.Pros & Cons of Raidofinance
Although Raidofinance is not yet rated by our visitors, common sense tells us it should have both strong sides and some downsides. Let's check it out:
- Fully compliant and regulated business, service provided by licensed financial company, although it stated operations rather recently, from 03/2019.
- 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.
- Perfect customer care quality; customers admire it!
- Fast client identification process: account verification takes rather a short time, in accordance with the customers reviews.
- Easy and user-friendly interface, newbies won't be lost here!
- Raidofinance doesn't hold the clients funds, delivering the funds directly to your wallet.
- Only 2 digital currencies and 2 fiat ones are supported. Just a 2 payment systems and banks are supported. Another downside is that this exchange does't allow crypto-to-crypto swaps.
Seems that there are not so many cons, but a lot of pros. We hope you will enjoy your experience exchanging at Raidofinance! Try Raidofinance today and let us know how you like it!
Services, Raidofinance 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, Raidofinance 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
Raidofinance provides the service of buying and selling 2 digital currencies using fiat currencies. The following cryptocurrencies are available to buy/sell: Bitcoin (BTC), Ether (ETH).
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.
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 1 other cryptos using the following payment systems:
- Visa & Mastercard. An international payment system (available worldwide) allowing credit/debit cards payments in various currencies. USD and EUR payments are available for purchasing cryptos at the exchange. Visa & Mastercard is a popular way to buy BTC and other cryptocurrencies available at 87 exchanges of various types. You are welcome to find the best rate for buying bitcoin with visa & mastercard at our home page!
- SEPA Transfer. An international payment system (it's available in 46 countries) allowing international bank transfers payments in Euro currency. Just the EUR payments are available for both buying and selling cryptocurrencies at this exchange.
Raidofinance 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:
- Commission when you are receiving funds to SEPA Transfer in Euro: 2%
- 3% when you pay money using SEPA Transfer in Euro.
- 5% when you pay money using Visa & Mastercard in Euro.
- 5% when you pay money using Visa & Mastercard in US Dollar.
-
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 Raidofinance fees high or low?
Now it's time to draw a conclusion: considering the average fee the exchange changes for an operation we can state that Raidofinance charges moderate fees. According to our statistics, most of the exchanges charges about the same fees Raidofinance does. For example, an average fee you pay to buy Bitcoin with Visa & Mastercard in EUR across various exchange brokers, trading platforms, p2p marketplaces and e-wallets is 5%, Raidofinance charges 5% for this. Seems fair!
Buying and selling limits
This Broker has the following limits, applicable when you buy or sell cryptocurrencies:
-
Purchase limits (when you buy crypto).
- €50 minimal buy and €10,000 max purchase when using SEPA Transfer in Euro.
- €50 minimal buy and €10,000 max purchase when using Visa & Mastercard in Euro.
- $50 minimal buy and $10,000 max purchase when using Visa & Mastercard in US Dollar.
-
Withdrawal limits (when you out-exchange crypto to the fiat money).
- €66 min and €13,288 maximal withdrawal when receiving money to SEPA Transfer in Euro.
And the good news: there are no limits on other payment systems (the limitations the payment system has aside) Raidofinance supports! Comparing to other exchanges, Raidofinance has one of highest buying and selling limits on the whole exchange market!
Supported countries
Platform allows the users from 251 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)
- 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)
- 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 Raidofinance allow the users from United States (US)?
Sorry, but the Raidofinance 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
According to the community and the exchange users' testimonials, Raidofinance provides an excellent, exceptional quality customers support! The analysis of reviews is the following:
Verification at Raidofinance
The broker requires it's clients to pass through obligatory user identification (account verification). The following procedures should be completed before the client will be able to buy and sell on the exchange:
- ID verification
- Selfie
According to the data submitted by the customers with the reviews and testimonials, the average time the account verification takes is up to 5 minutes! 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
Raidofinance 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 Raidofinance instant?
So, what can we see? According to the feedback we got from other users of this broker worldwide, Raidofinance 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 Raidofinance. Do you have any experience using this broker? If you do, please say a couple of words about it!
FAQ about Raidofinance
Does Raidofinance 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 Raidofinance a good broker?
Although we have not enough users' reviews yet, we analyzed the information we have. Feel free to get acquainted with the details reading this review or just jump to the conclusion!
Is Raidofinance licensed? Does it hold e-money license?
Yes, Raidofinance OÜ (entity doing business as Raidofinance exchange) is licenced and regulated financial company. It holds Cryptocurrencies exchange license and is regulated by the Finantsinspektsioon (Estonian Financial Supervision and Resolution Authority) of the Estonia.
Is Raidofinance a ripoff?
It is not a ripoff, although we have not rated Raidofinance yet due to lack of user testimonials, it complies with our standards. Feel free to read the whole this review to understand why or check our conclusion: is Raidofinance legit or scam.
Raidofinance vs other exchanges
Let's compare Raidofinance 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!
Raidofinance vs Bitonic
Let's compare the key features of these two platforms to see which one suits you best:
- Bitonic is a broker Raidofinance is a broker, both are using the same business model.
- Bitonic had started the business May 2012 Raidofinance started the business March 2019 (Bitonic is working for 6 years and 10 months longer time).
- Bitonic has all the required business licenses and permissions Raidofinance has all the required business licenses and permissions (both exchange services operate using the same approach to the business, utilizing a same legal model).
- Besides buying and selling cryptocurrencies, Bitonic provides the following extra services: Merchant Services Raidofinance provides us with less services, related to the crypto exchange: it allows us to purchase and sell digital currencies.
- Bitonic supports 1 cryptocurrencies Raidofinance allows to exchange 2 cryptos (Raidofinance supports 1 cryptocurrencies more).
- 1 fiat currencies are available at Bitonic You'll be able to use 2 fiat currencies to swap with digital ones at Raidofinance (Raidofinance supports 1 fiat currencies more).
- Bitonic accepts deposits from and allows withdrawals to 3 fiat payment systems / banks Raidofinance allows the user to utilize 2 various fiat payment systems and/or banks (Raidofinance supports 1 banks and fiat payment systems less).
- Bitonic charges 0.0% fee Raidofinance charges the client 2% — 5% fee, depending on the currency, payment system, etc. (Raidofinance has higher fees, generally).
- Buying limits at Bitonic start from $1 and are up to $2,719 Deposit/withdraw limits at Raidofinance are $50 — $10,000 depending on the payment method (Raidofinance has higher buying/selling limits).
- Bitonic allows registrations from 46 countries; we are sorry, but United States is not supported this time You may register at Raidofinance if you reside in one of 251 countries; unfortunately, United States is not among the supported ones (Raidofinance supports more countries worldwide).
- Our visitors rated customer care at the Bitonic 5.0 / 5.0 Customers' service at Raidofinance exchange was rated 5.0 / 5.0 by our visitors (Raidofinance & Bitonic provide the equal quality of customer support).
- During the account verification Bitonic usually asks for 3 documents and/or procedures: (id verification, phone confirmation, a bank account verification) User identification at Raidofinance usually consists of 2 different procedures: id verification, selfie and the process usually takes up to 5 minutes (Raidofinance 's KYC policy requires the customer to take less actions or to provide less data).
- Due to results of community feedback, Bitonic process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay; everything is automated Due to results of community feedback, Raidofinance process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay (Raidofinance & Bitonic process the deposits and withdrawals with equal speed).
- Our users left 5 testimonials about Bitonic, 100% of which are positive We've collected 1 users testimonials about Raidofinance, 100% are positive (Raidofinance & Bitonic share the same percentage of positive user reviews).
Although the final decision, which exchange — Bitonic or Raidofinance — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, 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:
Raidofinance vs BTCBIT
Let's compare the key features of these two platforms to see which one suits you best:
- BTCBIT is a broker Raidofinance is a broker, both are using the same business model.
- BTCBIT had started the business May 2017 Raidofinance started the business March 2019 (BTCBIT is working for 1 years and 9 months longer time).
- BTCBIT has all the required business licenses and permissions Raidofinance has all the required business licenses and permissions (both exchange services operate using the same approach to the business, utilizing a same legal model).
- Besides the digital currencies exchange, BTCBIT provides no extra services Raidofinance provides more exchange-related services: it allows us to purchase and sell digital currencies.
- BTCBIT doesn't have any fiat currencies supported You'll be able to use 2 fiat currencies to swap with digital ones at Raidofinance (Raidofinance supports 2 fiat currencies more).
- BTCBIT doesn't allow any fiat payments Raidofinance allows the user to utilize 2 various fiat payment systems and/or banks (Raidofinance supports 2 fiat payment systems and banks more).
- BTCBIT allows registrations from 221 countries; United States is among the supported ones You may register at Raidofinance if you reside in one of 251 countries; unfortunately, United States is not among the supported ones (Raidofinance supports more countries worldwide).
- During the account verification BTCBIT usually asks for some (it depends) documents and/or procedures User identification at Raidofinance usually consists of 2 different procedures: id verification, selfie and the process usually takes up to 5 minutes (Raidofinance 's KYC policy requires the customer to take less actions or to provide less data).
- Due to results of community feedback, BTCBIT process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay Due to results of community feedback, Raidofinance process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay (Raidofinance & BTCBIT process the deposits and withdrawals with equal speed).
- Our users left 8 testimonials about BTCBIT, 100% of which are positive We've collected 1 users testimonials about Raidofinance, 100% are positive (Raidofinance & BTCBIT share the same percentage of positive user reviews).
Although the final decision, which exchange — BTCBIT or Raidofinance — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, 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:
Raidofinance vs PayBis
Let's compare the key features of these two platforms to see which one suits you best:
- PayBis is a broker Raidofinance is a broker, both are using the same business model.
- PayBis had started the business April 2015 Raidofinance started the business March 2019 (PayBis is working for 3 years and 11 months longer time).
- PayBis is an ordinary company without licenses, etc. Raidofinance has all the required business licenses and permissions (Raidofinance utilizes a safer and more stable business model).
- Besides buying and selling cryptocurrencies, PayBis provides no extra services Raidofinance provides the same number of services as PayBis: it allows us to purchase and sell digital currencies.
- PayBis supports 8 cryptocurrencies Raidofinance allows to exchange 2 cryptos (Raidofinance supports 6 cryptocurrencies less).
- 3 fiat currencies are available at PayBis You'll be able to use 2 fiat currencies to swap with digital ones at Raidofinance (Raidofinance supports 1 fiat currencies less).
- PayBis accepts deposits from and allows withdrawals to 7 fiat payment systems / banks Raidofinance allows the user to utilize 2 various fiat payment systems and/or banks (Raidofinance supports 5 banks and fiat payment systems less).
- PayBis charges -2% — 13% fee Raidofinance charges the client 2% — 5% fee, depending on the currency, payment system, etc. (Raidofinance has lower fees in general).
- Buying limits at PayBis start from $20 and are up to $200,000 Deposit/withdraw limits at Raidofinance are $50 — $10,000 depending on the payment method (Raidofinance has lower buying/selling limits).
- PayBis allows registrations from 241 countries; United States is among the supported ones You may register at Raidofinance if you reside in one of 251 countries; unfortunately, United States is not among the supported ones (Raidofinance supports more countries worldwide).
- During the account verification PayBis usually asks for 3 documents and/or procedures: (id verification, phone confirmation, address confirmation) User identification at Raidofinance usually consists of 2 different procedures: id verification, selfie and the process usually takes up to 5 minutes (Raidofinance 's KYC policy requires the customer to take less actions or to provide less data).
- Due to results of community feedback, PayBis process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay; everything is automated Due to results of community feedback, Raidofinance process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay (Raidofinance & PayBis process the deposits and withdrawals with equal speed).
- Our users left 3 testimonials about PayBis, 100% of which are positive We've collected 1 users testimonials about Raidofinance, 100% are positive (Raidofinance & PayBis share the same percentage of positive user reviews).
Although the final decision, which exchange — PayBis or Raidofinance — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, 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:
Raidofinance vs XMLGold
Let's compare the key features of these two platforms to see which one suits you best:
- XMLGold is a broker Raidofinance is a broker, both are using the same business model.
- XMLGold had started the business May 2006 Raidofinance started the business March 2019 (XMLGold is working for 12 years and 9 months longer time).
- XMLGold is an ordinary company without licenses, etc. Raidofinance has all the required business licenses and permissions (Raidofinance utilizes a safer and more stable business model).
- Besides the digital currencies exchange, XMLGold provides no extra services Raidofinance provides more exchange-related services: it allows us to purchase and sell digital currencies.
- XMLGold doesn't have any fiat currencies supported You'll be able to use 2 fiat currencies to swap with digital ones at Raidofinance (Raidofinance supports 2 fiat currencies more).
- XMLGold doesn't allow any fiat payments Raidofinance allows the user to utilize 2 various fiat payment systems and/or banks (Raidofinance supports 2 fiat payment systems and banks more).
- XMLGold allows registrations from 255 countries; United States is among the supported ones You may register at Raidofinance if you reside in one of 251 countries; unfortunately, United States is not among the supported ones (Raidofinance supports less countries).
- During the account verification XMLGold usually asks for some (it depends) documents and/or procedures User identification at Raidofinance usually consists of 2 different procedures: id verification, selfie and the process usually takes up to 5 minutes (Raidofinance 's KYC policy requires the customer to take less actions or to provide less data).
- Due to results of community feedback, XMLGold process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay Due to results of community feedback, Raidofinance process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay (Raidofinance & XMLGold process the deposits and withdrawals with equal speed).
- Our users left 5 testimonials about XMLGold, 100% of which are positive We've collected 1 users testimonials about Raidofinance, 100% are positive (Raidofinance & XMLGold share the same percentage of positive user reviews).
Although the final decision, which exchange — XMLGold or Raidofinance — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, 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:
Raidofinance vs MagneticExchange
Let's compare the key features of these two platforms to see which one suits you best:
- MagneticExchange is a broker Raidofinance is a broker, both are using the same business model.
- MagneticExchange had started the business May 2011 Raidofinance started the business March 2019 (MagneticExchange is working for 7 years and 10 months longer time).
- MagneticExchange is an ordinary company without licenses, etc. Raidofinance has all the required business licenses and permissions (Raidofinance utilizes a safer and more stable business model).
- Besides buying, selling and exchanging cryptocurrencies, MagneticExchange provides no extra services Raidofinance provides us with less services, related to the crypto exchange: it allows us to purchase and sell digital currencies.
- MagneticExchange supports 5 cryptocurrencies Raidofinance allows to exchange 2 cryptos (Raidofinance supports 3 cryptocurrencies less).
- 5 fiat currencies are available at MagneticExchange You'll be able to use 2 fiat currencies to swap with digital ones at Raidofinance (Raidofinance supports 3 fiat currencies less).
- MagneticExchange accepts deposits from and allows withdrawals to 24 fiat payment systems / banks Raidofinance allows the user to utilize 2 various fiat payment systems and/or banks (Raidofinance supports 22 banks and fiat payment systems less).
- MagneticExchange charges -2% — 32% fee Raidofinance charges the client 2% — 5% fee, depending on the currency, payment system, etc. (Raidofinance has lower fees in general).
- Buying limits at MagneticExchange start from $6 and are up to $13,229 Deposit/withdraw limits at Raidofinance are $50 — $10,000 depending on the payment method (Raidofinance & MagneticExchange have more or less the same buying/selling limits).
- MagneticExchange allows registrations from 254 countries; we are sorry, but United States is not supported this time You may register at Raidofinance if you reside in one of 251 countries; unfortunately, United States is not among the supported ones (Raidofinance supports less countries).
- During the account verification MagneticExchange usually asks for 2 documents and/or procedures: (id verification, card verification) User identification at Raidofinance usually consists of 2 different procedures: id verification, selfie and the process usually takes up to 5 minutes (Raidofinance 's KYC policy requires the customer to take less actions or to provide less data).
- Due to results of community feedback, MagneticExchange process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay; everything is automated Due to results of community feedback, Raidofinance process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay (Raidofinance & MagneticExchange process the deposits and withdrawals with equal speed).
- Our users left 7 testimonials about MagneticExchange, 100% of which are positive We've collected 1 users testimonials about Raidofinance, 100% are positive (Raidofinance & MagneticExchange share the same percentage of positive user reviews).
Although the final decision, which exchange — MagneticExchange or Raidofinance — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, 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 Raidofinance legit or scam?
Now it's time to draw a conclusion, is Raidofinance a scam or is it a legit exchange? We hadn't yet collected enough testimonials to assign Raidofinance a rating, but according to our research it's a good exchange. We have found no evidence that this broker is a scam so it should be save to deal with. Let's summarize what we like most (and what we don't) about the Raidofinance:
- It is licensed, regulatory compliant financial company
- The broker doesn't hold customers' funds, instantly delivering monies to your wallet
- The website was launched rather recently; exchange was started 1 years and 0 months ago
- Exchange supports 2 cryptocurrencies and 2 fiat ones (totally 2 payment systems / banks are available). There are no extra services besides the digital currencies exchange
- It charges moderate fees: from 2% to 5% depending on the payment method
- The purchase and withdrawal limits are among the highest: from $50 to $10,000 USD, it depends on a payment system choice
- Raidofinance accepts the clients from 251 countries; unfortunately, users from United States are not permitted to use the service
- Clients' testimonials are perfect, 100% (1 out of 1) note their positive experience dealing with Raidofinance. According to the customers feedback:
- Customer support is great
- Deposits and withdrawals are instant
- Verification is really fast