Currencies: 186 (152 fiat & 34 crypto) Countries: 255 PSs & Banks: 330 Exchanges: 312 Offers:
BTC/USD:

Raidofinance review & testimonials (updated 01.2020)

Raidofinance user interface: the home page in English

What is Raidofinance in a nutshell? It's recently added to our monitoring, respectable, promising exchange service (broker) supporting 2 cryptocurrencies: you can buy and sell coins using 2 fiat currencies (1 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 (4.0%) we may say that Raidofinance charges moderate fees: 4% (according to our statistics, 82% exchanges take higher average fee) and has the high purchase limits available: $50 — $10,000 (in accordance with the statistics we've collected, 91% 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. Unfortunately we couldn't yet collect enough data about the order processing speed from the customers of Raidofinance, although according to information we got, the order processing is not fully automated so delays with the funds delivery may happen. You will have to verify your account (ID Verification, Selfie should be normally required) before being able to use the service.

Since 2019, Raidofinance 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 Raidofinance, can you please leave your testimonial? It will surely be a great help for us and all the community, thanks!

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

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.
Time in the business: 10 months
Business model: licensed, fully compliant

Overall rating for Raidofinance: N/A
Although we have not collected enough testimonials to assign a rating to Raidofinance, we can pre-estimate the rating (considering there will be no user complaints) as 86/100.

Pros & Cons of Raidofinance

Although Raidofinance is not yet rated by our visitors, there probably are many downsides that people don't like, but there also should be strong sides. Who knows, maybe for you, our dear visitor, these are most important and you'd consider this exchange as one of the best ones. 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.
  • Fees are relatively low.
  • 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.
  • 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 1 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 4 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!

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):

  1. Service/processing fee. Depending on the fiat payment system and currency, it's as follows:
    • 4% when you pay money using Visa & Mastercard in Euro.
    • 4% when you pay money using Visa & Mastercard 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 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 6%, Raidofinance charges 4% for this. A nice opportunity and as you can see, the fee is low enough!

Buying and selling limits

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

  1. Purchase limits (when you buy crypto).
    • €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.

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)?

USA flag

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

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

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

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

Deposit/withdrawal speed

According to the data we have, Raidofinance processes all or most of the orders without an automation; orders require staff attention to be completed. The speed of money transfer varies a lot on such services, so it's good to know the situation here at this exchange.

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

Is Raidofinance instant?

So, what can we see? In accordance with the data we know about the broker, orders at Raidofinance are not instant. Although we don't have enough information about the order delivery speed from actual customers yet, sorry.

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 1 various fiat payment systems and/or banks (Raidofinance supports 2 banks and fiat payment systems less).
  • Bitonic charges 0.0% fee Raidofinance charges the client 4% fee, depending on the currency, payment system, etc. (Raidofinance has higher fees, generally).
  • Buying limits at Bitonic start from $1 and are up to $2,751 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).
  • 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 (Raidofinance 's KYC policy requires the customer to take less actions or to provide less data).

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 1 various fiat payment systems and/or banks (Raidofinance supports 1 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 (Raidofinance 's KYC policy requires the customer to take less actions or to provide less data).

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 1 various fiat payment systems and/or banks (Raidofinance supports 6 banks and fiat payment systems less).
  • PayBis charges 1% — 11% fee Raidofinance charges the client 4% 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 (Raidofinance 's KYC policy requires the customer to take less actions or to provide less data).

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 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 6 cryptocurrencies Raidofinance allows to exchange 2 cryptos (Raidofinance supports 4 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 23 fiat payment systems / banks Raidofinance allows the user to utilize 1 various fiat payment systems and/or banks (Raidofinance supports 22 banks and fiat payment systems less).
  • MagneticExchange charges 2% — 20% fee Raidofinance charges the client 4% fee, depending on the currency, payment system, etc. (Raidofinance has lower fees in general).
  • Buying limits at MagneticExchange start from $8 and are up to $14,787 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 1 document / procedure: (id verification) User identification at Raidofinance usually consists of 2 different procedures: id verification, selfie (Raidofinance 's KYC policy requires the customer to take less actions or to provide less data).

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:

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 1 various fiat payment systems and/or banks (Raidofinance supports 1 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 (Raidofinance 's KYC policy requires the customer to take less actions or to provide less data).

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:

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 10 months ago
  • Exchange supports 2 cryptocurrencies and 2 fiat ones (totally 1 payment systems / banks are available). There are no extra services besides the digital currencies exchange
  • It charges moderate fees: 4%
  • 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

Overall rating for Raidofinance: N/A
Although we have not collected enough testimonials to assign a rating to Raidofinance, we can pre-estimate the rating (considering there will be no user complaints) as 86/100.