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2019 Audit Of The Cryptocurrency Exchanges Of Singapore

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Compared to traditional exchanges, cryptocurrency exchanges remain largely unregulated and suffer from a lack of transparency.

This report presents the results of the first third-party audit of all 20 centralized cryptocurrency exchanges registered in Singapore, one of the world’s leading cryptocurrency hubs. Our audit evaluates the overall quality of the Singapore cryptocurrency exchanges, based on our rating of their trustworthiness, trading experience, fee structure and customer support.

Published in: Business

2019 Audit Of The Cryptocurrency Exchanges Of Singapore

  1. 1. • •• •• • Triple Dice 7 EbuyCoi1. ' * Any description qualifying the quality of a cryptocurrency exchange should be understood to indicate a relative performance accor?­ ing to our auditing algorithm. In no way are they to be interpreted as trading or financial advice of any kind. Please refer to our legal dis­ claimer for more information. The worst overal cryptocurrency exchange of Singa­ pore is Triple Dice with an overall Cryptogenes score of 22.6 % The exchange scores particularly low on customer support, but is also expensive to trade on. We additionally consider it to offer an inferior trading experience and find little reason to consider it trust­ worthy. Singapore's second worst exchange, according to our auditing methodology, is INCX with an overall score of 30.2%. Amongst the top 3 bottom exchanges it stands out for its high fees, being one of the more expensive platforms to trade on.Customer support, although better than that of Triple Dice, also leaves much to be desired. EbuyCoin is the third worst of the exchanges we have audited, with an overal score of 32.4%. The perfor­ mance of EbuyCoin is poor overal, with its lowest obtained score being for Trustworthiness (29.2%). 22.6% 30.2% 32.4% Trustworthiness Trading Experience Fees & Costs Customer Support Trustworthiness Trading Experience Fees & Costs Customer Support Trustworthiness Trading Experience Fees & Costs Customer Support 26.5% 39.8% 12.5 % 3.5 % 37.5 % 37.7 % 17.5 % 24.5 % 29.2% 37.4 % 32.2% 36.5%

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