Threenvest > Decentralized exchange reviews

Morpher Review 2024

Autor

Alejandro Borja

Revisor

Xavier Tarrasó

Last update: 10 months ago

Our veredict

Morpher is a unique decentralized trading platform on the Ethereum blockchain, aiming to revolutionize the trading experience by eliminating intermediaries and offering zero trading fees with infinite liquidity. It allows users to trade a wide variety of assets, including stocks, cryptocurrencies, commodities, and forex, using the native Morpher token (MPH). Founded in 2018 by Martin Froehler and Denis Bykov, Morpher provides a highly secure, non-custodial environment where trades are executed through smart contracts, ensuring transparency and safety.

However, Morpher is not without its drawbacks. The platform is unavailable in the U.S., limiting its accessibility for a significant user base. Additionally, the absence of live chat support can be frustrating for users needing immediate assistance. There’s also a risk associated with the fluctuating price of the Morpher token, which could affect the overall value of users’ holdings. Despite these limitations, Morpher stands out for its innovative approach to trading, making it an excellent choice for traders looking for a fee-free, flexible trading environment.

Pros

Cons

3,7

Threenvest Score

Network

Ethereum

Fees

fluctuates

With the confidence of Threenvest

Year Founded Morpher was established in 2018 in Palo Alto by Martin Froehler and Denis Bykov. Since its inception, the platform has aimed to revolutionize trading by leveraging blockchain technology to provide zero-fee trading, infinite liquidity, and 24/7 access to a wide range of assets .

Reputation and Reviews Morpher has received positive feedback from users, particularly on platforms like Trustpilot where it boasts an “Excellent” rating. Users frequently commend its user-friendly design, zero-fee trading, and innovative features . The backing of notable investors such as Tim Draper further enhances its credibility .

Number of Users Morpher has rapidly gained traction in the crypto trading community, surpassing over 1 million trades and offering more than 700 tradable assets . This growing user base is a testament to the platform’s reliability and innovative features.

Transparency Morpher maintains a high level of transparency through its proprietary blockchain explorer, Morpher Scan, which allows users to track all transactions, trades, deposits, and withdrawals in real-time . This transparency fosters trust and confidence among users, making it a reliable platform for crypto trading.

Security Methods Security is a top priority for Morpher. The platform uses non-custodial wallets, meaning users have full control over their funds and private keys, significantly reducing the risk of hacks and mismanagement . Additionally, Morpher complies with stringent EU regulations, including GDPR, ensuring robust data protection and privacy standards .

Best Crypto Decentralized Exchange

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About Morpher

What is Morpher?

Morpher is a decentralized trading platform built on the Ethereum blockchain. It enables users to trade a wide range of assets, including stocks, cryptocurrencies, commodities, and forex, without the need for intermediaries, thereby eliminating trading fees. The platform uses Virtual Markets that replicate the dynamics of real financial markets, providing infinite liquidity and 24/7 trading opportunities. Morpher’s native token (MPH) powers the entire protocol, allowing users to engage in both long and short positions.

Background and History

Founded in 2018 by Martin Froehler and Denis Bykov in Palo Alto, Morpher was created to democratize trading by making it accessible and barrier-free. The platform’s unique approach eliminates counterparties, middlemen, and custodians, offering users full control over their trades. Morpher has surpassed over 1 million trades and currently offers more than 700 tradable assets. The innovative use of blockchain technology and smart contracts allows for fractional trading and instant trade settlements, making Morpher stand out in the crowded field of trading platforms.

Founders

Martin Froehler and Denis Bykov are the visionary founders behind Morpher. Froehler, a former mathematician and hedge fund manager, brings extensive experience in financial markets and trading strategies. Bykov, with a background in computer science and engineering, complements Froehler’s expertise with his technical prowess. Together, they have built Morpher into a platform that challenges traditional trading norms and offers a fresh, innovative approach to the financial markets. Their combined expertise and vision have attracted significant investment, including a $6 million funding round led by prominent venture capitalists like Tim Draper, Apex Ventures, and RTP Global.

Why Choose Morpher?

Morpher is an excellent choice for traders seeking a revolutionary trading platform with zero fees and infinite liquidity. By leveraging blockchain technology, Morpher eliminates the need for intermediaries, allowing for seamless and cost-effective trades. This is particularly beneficial for active traders looking to maximize their profits without worrying about high fees eating into their earnings.

Moreover, Morpher’s non-custodial wallet system ensures that users maintain full control over their funds, significantly enhancing security. This setup reduces the risk of hacks and mismanagement, providing peace of mind to those who prioritize the safety of their assets. Additionally, Morpher’s compliance with stringent EU regulations, including GDPR, ensures robust data protection and privacy standards.

Another compelling reason to choose Morpher is its accessibility and flexibility. The platform supports trading a wide array of assets, including stocks, cryptocurrencies, commodities, and forex, 24/7. This round-the-clock trading capability, combined with the ability to engage in fractional trading and staking, offers users unparalleled opportunities to diversify their investment strategies and optimize returns. Whether you are a beginner or an experienced trader, Morpher’s user-friendly interface and innovative features make it a standout choice in the world of decentralized trading platforms.

Where it falls short

One of the major drawbacks of Morpher is its limited availability, particularly the fact that it is not accessible to users in the United States. This restriction significantly reduces its user base and excludes a large market of potential traders who could benefit from its unique features. To improve, Morpher should work on obtaining the necessary regulatory approvals to operate in the U.S. This would involve ensuring compliance with local financial regulations and possibly enhancing its transparency and reporting practices to meet U.S. standards.

Another area of concern is the platform’s lack of live chat support. While Morpher does offer email support and a comprehensive online help center, the absence of real-time customer service can be a disadvantage for users who need immediate assistance. Enhancing customer service by adding live chat support or even phone support would greatly improve the user experience, ensuring that users can get quick resolutions to their issues. This improvement would also help in addressing technical problems or trading-related queries more efficiently.

Features	Explanation
Minimum Trade	Morpher allows fractional trading, enabling users to trade very small amounts without restrictions.
Trading and Transaction Fees	Morpher charges zero trading fees, making it highly attractive for active traders looking to maximize profits.
Number of Cryptocurrencies	Morpher offers a wide range of tradable assets, including stocks, cryptocurrencies, commodities, and forex, but the selection of cryptocurrencies could be broader.
Crypto-to-Crypto Trading Pairs	The platform supports various trading pairs, though expanding the list could benefit users looking for more options.
Website Transparency	Morpher maintains high transparency with a proprietary blockchain explorer that allows users to track all transactions in real-time.
Credit/Debit Card	Built on Ethereum, Morpher benefits from robust security and widespread acceptance, but it faces high gas fees during network congestion.
Storage Offering	Morpher uses non-custodial wallets, giving users full control over their funds and enhancing security.
Staking and Rewards	The platform offers attractive staking rewards with up to 11% annual interest, though some users might prefer more frequent compounding.
Mobile App and Desktop	The website is user-friendly, intuitive, and designed for both beginners and experienced traders.
Customer Service	While customer service via email is reliable, the lack of live chat support can be a drawback for users needing immediate assistance.
Deposit and Withdraw	Morpher provides multiple deposit options, including fiat and cryptocurrencies, but some fees are imposed by payment processors. Withdrawals are smooth, though Ethereum gas fees can be a factor.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an experienced crypto analyst, I recommend Morpher for traders looking for a platform that offers zero trading fees and infinite liquidity. Its innovative approach eliminates intermediaries and allows for 24/7 trading across a wide range of assets, including stocks and cryptocurrencies. However, keep in mind that Morpher is not available in the U.S., and the lack of live chat support might be a downside for those who need immediate assistance. Overall, Morpher’s strong security measures and user-friendly interface make it an excellent choice for both beginners and seasoned traders.

Fees

Morpher offers a unique and appealing commission structure, primarily highlighted by its zero trading fees. Unlike traditional exchanges that charge various fees per transaction, Morpher eliminates these costs entirely, making it highly attractive for active traders looking to maximize their profits. This zero-fee model is possible because Morpher leverages smart contracts on the Ethereum blockchain to facilitate trades, removing the need for intermediaries and their associated costs. However, users should be aware of deposit and withdrawal fees imposed by payment processors and blockchain networks. For instance, fiat deposits through services like PayPal and Advcash incur fees ranging from 3% to 5%. Crypto deposits on the Polygon, BNB Smart Chain, and Ethereum networks are generally free, but withdrawing funds involves gas fees. Specifically, Polygon withdrawals incur a flat fee of 100 MPH, while Ethereum withdrawals depend on the network’s gas fees at the time.

Pros

No Trading Fees: Morpher stands out by not charging any trading fees for crypto transactions, making it highly attractive for frequent traders.
Transparent Fee Structure: The exchange maintains a clear and straightforward fee policy, ensuring that users are well-informed about any costs they might incur.
Competitive Spreads: With competitive spreads on various cryptocurrencies, users can benefit from tighter bid-ask differences, enhancing their trading efficiency.

Cons

Morpher Commissions Analysis

Morpher offers a unique commission structure that significantly benefits traders. The platform stands out by providing zero trading fees, which is rare among trading platforms with comparable functionalities. This zero-fee model is made possible through the use of smart contracts on the Ethereum blockchain, eliminating the need for intermediaries and associated costs.

Trading Commissions

Morpher does not charge any fees for trading activities. Users can trade a variety of assets, including stocks, cryptocurrencies, commodities, and forex, without incurring any trading fees. This fee-free trading environment is particularly advantageous for active traders looking to maximize their profits without worrying about high transaction costs. The platform’s reliance on its native token, MPH, for trades ensures that there are no hidden costs or additional fees, further enhancing transparency.

Hidden Fees

While Morpher eliminates trading fees, users should be aware of potential costs associated with deposits and withdrawals. Depositing fiat currencies through services like Advcash and PayPal incurs a 3% to 5% fee, which is charged by the payment providers, not by Morpher. For cryptocurrency deposits on networks like Polygon, BNB Smart Chain, and Ethereum, there are generally no fees, although withdrawals may incur gas fees. For example, Polygon withdrawals incur a flat fee of 100 MPH, while Ethereum withdrawals depend on the network’s current gas fees.

Revenue Model

Morpher’s revenue model is distinct from traditional exchanges that rely on transaction fees. Instead, Morpher receives 0.015% of the total MPH token supply daily as newly minted tokens, which translates to about 5.6% annually. This inflationary tokenomics strategy supports the platform’s operations and incentivizes users through staking rewards and other mechanisms.

Conclusion

Morpher’s commission structure is highly beneficial for users seeking a cost-effective trading platform. The absence of trading fees, combined with transparent and minimal additional costs, makes Morpher an attractive choice for both novice and experienced traders. However, users should remain mindful of the potential fees associated with fiat deposits and cryptocurrency withdrawals, particularly the variable gas fees on the Ethereum network. Overall, Morpher’s innovative approach to commissions sets it apart in the competitive landscape of trading platforms.

Product selection

Morpher provides a comprehensive suite of services and products designed to meet the needs of modern traders. The platform allows users to trade a wide variety of assets, including stocks, cryptocurrencies, commodities, and forex, all within a decentralized environment. This is facilitated through Morpher’s unique token (MPH), which users employ for trading. The platform offers features like fractional trading, which allows users to trade portions of assets rather than whole units, making trading more accessible. Additionally, Morpher supports 24/7 trading, infinite liquidity, and instant trade settlements, thanks to its blockchain-based infrastructure. Morpher also offers staking services, allowing users to earn rewards by locking up their MPH tokens for a specified period. Staking on Morpher provides an annual interest rate of up to 11%, credited daily at 0.03%. This feature not only incentivizes holding MPH but also supports the platform’s tokenomics by creating a steady demand for the token. Moreover, Morpher integrates advanced charting tools powered by TradingView, enabling traders to perform in-depth technical analysis directly on the platform. The platform prioritizes user security through non-custodial wallets, meaning users retain full control over their funds without relying on third parties. This approach minimizes risks associated with hacks and mismanagement of funds. Furthermore, Morpher adheres to stringent EU regulations, including GDPR, ensuring high standards of data protection and privacy for its users.

Pros

Cons

Read more about product selection in Morpher

Morpher’s Services and Products

Morpher offers a comprehensive array of services and products designed to provide a seamless and innovative trading experience. The platform enables users to trade a diverse range of assets, including stocks, cryptocurrencies, commodities, and forex, utilizing its native token (MPH) as the medium of exchange. Here’s a detailed overview of what Morpher provides:

Trading:

Zero-Fee Trading: Morpher charges no trading fees, setting it apart from most trading platforms. This is possible due to its use of smart contracts on the Ethereum blockchain, which facilitate trades without intermediaries.
Fractional Trading: Users can trade portions of assets, making it more accessible and cost-effective, especially for those who want to invest smaller amounts.
24/7 Trading: Morpher supports around-the-clock trading, allowing users to engage in the market at any time, irrespective of traditional market hours.
Leverage: The platform offers up to 10x leverage on trades, enabling users to amplify their positions and potential returns .
Staking: Users can stake MPH tokens to earn daily interest, with an annual percentage yield (APY) of up to 11%. This incentivizes holding MPH and contributes to the platform’s tokenomics by creating a steady demand for the token.

Advanced Trading Tools:

TradingView Integration: Morpher integrates TradingView’s advanced charting tools, allowing users to perform in-depth technical analysis directly on the platform. This feature is particularly beneficial for traders looking to utilize sophisticated trading strategies.

Security and Wallets:

Non-Custodial Wallets: Morpher uses non-custodial wallets, meaning users have full control over their private keys and funds, enhancing security and reducing the risk of hacks.

Innovative Features:

Infinite Liquidity: By creating virtual markets that mimic real financial markets, Morpher ensures infinite liquidity, meaning users can always find a counterparty for their trades without worrying about liquidity constraints.
No Counterparties: Morpher’s system eliminates the need for counterparties in trades, allowing for instant trade settlements and reducing counterparty risk.
Mobile Support: The platform offers robust mobile support, enabling users to trade and manage their investments from anywhere, anytime.

Customer Support:

While Morpher does not currently offer live chat support, it provides email support and a detailed online help center. This setup can handle most user queries, though the lack of real-time support might be a limitation for some.

Morpher combines these features to create a user-friendly and efficient trading environment, making it an appealing choice for both novice and experienced traders. The platform’s commitment to zero fees, advanced trading tools, and robust security measures positions it as a leading option in the decentralized trading space.

Account opening

Opening an account on Morpher is a straightforward and user-friendly process. The platform offers three account tiers, each with increasing benefits and access. To get started, users can sign up on the Morpher website and instantly gain access to a Tier 1 account, which allows unrestricted trading with a maximum account value limit of 1,000 MPH. Advancing to Tier 2 involves completing a quick Know Your Customer (KYC) verification process, unlocking referral bonuses and the ability to deposit funds. Finally, Tier 3 is achieved by depositing at least $10 worth of MPH, which unlocks withdrawal rights and staking benefits. The entire process is designed to be efficient and accessible, ensuring that users can start trading within minutes of signing up.

Pros

Quick and Easy Setup: The account opening process is fast and straightforward, allowing users to start trading quickly.
Fully Digital: Users can complete the entire account registration online without needing to submit physical documents.
Low Minimum Deposit: The exchange requires a low minimum deposit, making it accessible for beginners.

Cons

Read more about account opening in Morpher

Detailed Account Opening Process for Morpher

How to Sign Up on Morpher:

Visit Morpher’s Website: Navigate to the Morpher website and click on the “Get Started” button at the top right of the screen. This will prompt you to set up an account.
Create an Account: Upon signing up, you’ll instantly get a Tier 1 account. This account allows unrestricted trading with a maximum account value limit of 1,000 MPH. It’s user-friendly, especially if you use the predefined version of the Morpher Wallet, which hides complexities from inexperienced users while allowing customizability for experienced users by managing and holding your keys .
Complete KYC Verification: To advance to a Tier 2 account, complete the Know Your Customer (KYC) verification process. This process is fast and efficient, unlocking additional benefits such as referral bonuses and the ability to deposit funds without any account balance limits .
Deposit Funds: To achieve a Tier 3 account, deposit at least $10 worth of MPH. This unlocks withdrawal rights and enables staking benefits, offering an 11% annual percentage yield (APY). At this stage, users have full control over their accounts .
Make Your First Trade: After setting up your account, you can start trading immediately. The platform supports a wide range of assets, including stocks, cryptocurrencies, commodities, and forex, using the Morpher token (MPH) as the medium of exchange .
Explore and Customize: For more experienced users, Morpher provides advanced features like the ability to connect with classic Metamask Wallets and utilize TradingView’s charting tools for in-depth market analysis .

How to Use Morpher

Registration and KYC

Morpher ensures a secure trading environment by implementing a KYC process for Tier 2 and above. Users start with basic access and can unlock more features through KYC verification, which is quick and straightforward .

Depositing Funds

Morpher supports multiple deposit methods, including fiat and cryptocurrencies. Fiat deposits through Advcash and PayPal incur a 3% to 5% fee, while crypto deposits on networks like Polygon and Ethereum are generally fee-free. Ensure you select the deposit method that best suits your needs and consider the associated fees and benefits .

Trading on Morpher

Users can trade a variety of assets 24/7 with zero fees, leveraging the MPH token for transactions. The platform’s advanced charting tools and fractional trading capabilities make it accessible for both novice and experienced traders. The ability to trade stocks, cryptocurrencies, commodities, and forex all in one place offers significant flexibility and opportunity for portfolio diversification .

Morpher’s account opening process is designed to be efficient and user-friendly, allowing traders to start quickly and access a range of advanced features as they progress through the account tiers .

Security

Morpher Exchange prioritizes the security of its users’ assets and personal information through a range of robust measures. The platform employs advanced encryption protocols to protect data and utilizes multi-factor authentication (MFA) to ensure that only authorized users can access their accounts. Additionally, Morpher implements strict compliance with regulatory standards to safeguard against fraudulent activities and maintain the integrity of its operations. Furthermore, Morpher stores the majority of its assets in cold wallets, which are offline and thus less vulnerable to hacking attempts. Regular security audits are conducted to identify and address potential vulnerabilities, reinforcing the platform’s commitment to maintaining a secure trading environment. While Morpher’s security infrastructure is strong, users should still practice good security hygiene, such as using strong, unique passwords and enabling all available security features to enhance their protection further. In conclusion, Morpher provides a secure platform for trading cryptocurrencies, backed by advanced technological safeguards and adherence to regulatory standards. This makes it a reliable choice for users concerned about the safety of their digital assets.

Pros

Cons

Security Section of Morpher

Is Morpher Legit?

Morpher operates under strict regulatory standards and complies with various legal frameworks to ensure legitimacy. The platform is registered in Austria and adheres to the stringent data protection standards of the General Data Protection Regulation (GDPR), ensuring users’ personal data is well-protected. Morpher’s regulatory compliance enhances its trustworthiness and credibility . Regulation and Licensing

Morpher is regulated under the EU’s financial and data protection regulations. This compliance ensures that the platform meets high standards for security and transparency, providing users with confidence in its operations. Being based in Austria, Morpher must adhere to one of the world’s most rigorous privacy and security laws, further enhancing its legitimacy and reliability .

Is Morpher Safe?

Morpher prioritizes user security by utilizing a non-custodial wallet system, meaning users maintain full control over their private keys and funds. This significantly reduces the risk of hacks and mismanagement associated with custodial platforms. Additionally, the platform leverages blockchain technology to add an extra layer of security, ensuring that all transactions are transparent and immutable . Security Methods Morpher employs several robust security measures to protect users’ assets and data. These include:

Non-Custodial Wallets: Users hold their private keys, ensuring full control over their funds.
Blockchain Technology: Utilizes the Ethereum blockchain, which provides transparency and immutability.
Two-Factor Authentication (2FA): Adds an extra layer of security for account access.
Regular Security Audits: Ensures the platform’s security protocols are up-to-date and effective .

History and Track Record

Since its inception, Morpher has maintained a solid track record with no reported incidents of hacking or loss of funds. The platform’s security measures and compliance with regulatory standards have contributed to its reputation as a safe and reliable trading environment .

Conclusion

Overall, Morpher is a legitimate and secure cryptocurrency exchange that employs advanced security methods and complies with rigorous regulatory standards. Its non-custodial wallet system and blockchain technology provide users with peace of mind and control over their assets. Despite its robust security features, users should remain vigilant and follow best practices for securing their accounts and funds .

Customer service

Pros

Cons

Read more about customer service in Morpher

Customer Service and Support of Morpher

Customer Support: Morpher provides several avenues for customer support to ensure users can get the assistance they need. The primary methods include a comprehensive online help center, email support, and active engagement on social media platforms.

Online Help Center: The help center is a detailed resource that contains articles, tutorials, and FAQs on various topics related to using the platform. It is designed to provide quick and easy access to answers for common issues, making it an excellent first stop for troubleshooting.
Email Support: For more specific or complex queries, users can reach out to Morpher’s customer support team via email at support@morpher.com. Typically, the response time is within 24 hours during weekdays, offering a reliable way to resolve detailed issues.
Social Media: Morpher maintains active profiles on social media platforms such as Twitter, Discord, and LinkedIn. These channels allow users to engage with the community and get help from both Morpher representatives and other users. This is particularly useful for real-time interactions and community support.

Despite these options, it is worth noting that Morpher does not currently offer live chat or phone support, which might be a limitation for users needing immediate assistance. Reputation and Customer Feedback:

Morpher has garnered a positive reputation among its users, as evidenced by its “Excellent” rating on Trustpilot. Users frequently praise the platform for its user-friendly design and innovative features like zero-fee trading, infinite liquidity, and advanced trading tools. The general consensus is that Morpher provides a superior trading experience compared to traditional platforms, largely due to its seamless user interface and the absence of trading fees.

Methods of Contact:

Email: Users can contact support at support@morpher.com.
Help Center: Accessible via the Morpher website, providing detailed articles and FAQs.
Social Media: Active engagement on Twitter, Discord, and LinkedIn, where users can ask questions and interact with the community.

Response Time:

Morpher’s email support typically responds within 24 hours during weekdays, which is relatively fast and efficient for handling detailed inquiries. However, the lack of live chat or phone support means that users seeking immediate assistance might experience delays compared to platforms that offer real-time support options.

Additional Considerations:

For users, especially beginners, the absence of live chat support could be a drawback, as they might prefer instant help for urgent issues. Furthermore, the platform could benefit from providing more educational resources, such as guides, tutorials, and webinars, to help users better understand its features and capabilities. This would enhance user experience and help in onboarding new traders who might find the platform’s advanced features overwhelming at first.

In conclusion

While Morpher’s customer service is generally responsive and helpful through its existing channels, expanding support options to include live chat or phone support and adding more educational content could significantly improve the user experience.

Is Morpher Right for You?

Looking for Zero-Fee Trading: If you are an active trader seeking to maximize your profits without worrying about trading fees, Morpher is an excellent choice. The platform’s zero-fee trading model allows you to trade a wide range of assets, including stocks, cryptocurrencies, commodities, and forex, without incurring any transaction costs. This feature is particularly beneficial for those who make frequent trades and want to avoid the high fees typically associated with other platforms.
Prioritizing Security and Control: Morpher’s non-custodial wallet system means that you retain full control over your funds and private keys, significantly reducing the risk of hacks and mismanagement. If you value having complete ownership and security of your assets, Morpher’s approach will provide peace of mind. Additionally, the platform’s compliance with stringent EU regulations ensures high standards of data protection and privacy, making it a secure option for your trading activities.
Seeking a User-Friendly and Innovative Platform: Whether you are a beginner or an experienced trader, Morpher’s user-friendly interface and advanced trading tools make it easy to navigate and utilize. The platform supports 24/7 trading, offers advanced charting tools powered by TradingView, and allows for fractional trading, making it accessible and convenient. If you are looking for a comprehensive trading platform that combines ease of use with cutting-edge features, Morpher is a great fit.

In summary, Morpher is ideal for traders who want to avoid trading fees, value security and control over their assets, and seek a user-friendly platform with innovative trading tools. If these aspects align with your trading needs, Morpher could be the right choice for you.

Threenvest score

3,7

Network

Ethereum

Earn

Yes

Fees

fluctuates

On the exhange website

Threenvest score

4,5

Network

Ethereum

Earn

Yes

Fees

0,30%

Threenvest score

4,2

Network

BSC

Earn

Yes

Fees

0,30%

Available cryptocurrencies and countries available

Morpher supports trading over 900 cryptocurrencies, providing a wide range of options for traders. This includes popular tokens like Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA), making it an attractive platform for diverse cryptocurrency portfolios. However, Morpher does not support some well-known cryptocurrencies such as Dogecoin (DOGE) and Litecoin (LTC), which may be a drawback for some users.

In terms of geographical availability, Morpher is accessible in numerous countries worldwide, making it widely accessible. However, residents of the United States and certain other regions, including Iran and North Korea, are not permitted to open accounts on Morpher due to regulatory restrictions .

Main cryptocurrencies available

Bitcoin (BTC)
Ethereum (ETH)
Cardano (ADA)
Solana (SOL)
Polkadot (DOT)
Binance Coin (BNB)
Avalanche (AVAX)
Chainlink (LINK)
Terra (LUNA)
Polygon (MATIC)
VeChain (VET)
Stellar (XLM)
Filecoin (FIL)
Tezos (XTZ)
Aave (AAVE)
Uniswap (UNI)
Algorand (ALGO)
Internet Computer (ICP)
Cosmos (ATOM)
Shiba Inu (SHIB)

Main countries where you can open an account

United Kingdom
Germany
Canada
Australia
France
Spain
Italy
Japan
South Korea
Singapore
Netherlands
Switzerland
Sweden
Denmark
Brazil
Mexico
India
South Africa
New Zealand
United Arab Emirates

FAQs

1. What is Morpher?

Morpher is a decentralized trading platform built on the Ethereum blockchain, enabling users to trade a wide variety of assets, including stocks, cryptocurrencies, commodities, and forex, with zero trading fees and infinite liquidity. It eliminates the need for counterparties, middlemen, or custodians, providing a seamless trading experience.

2. How does trading work on Morpher?

Trading on Morpher involves using the native MPH token. Users stake MPH tokens to predict market movements, and trades are recorded on the blockchain. When a trade is opened, MPH tokens are burned, and when closed, new tokens are minted based on the trade’s outcome. This system replicates the dynamics of real markets without involving actual assets.

3. Is Morpher available in the United States?

No, Morpher is not available to residents of the United States due to regulatory restrictions. Other restricted countries include Iran, North Korea, Syria, Cuba, Sudan, and Belarus.

4. Are there any fees for trading on Morpher?

Morpher does not charge any fees for trading, making it an attractive option for active traders. However, there are deposit and withdrawal fees charged by payment processors, as well as gas fees for transactions on the Ethereum network.

5. What types of assets can I trade on Morpher?

Morpher offers trading in over 900 cryptocurrencies, as well as stocks, commodities, forex, and NFT collections. Some of the key cryptocurrencies available include Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and Solana (SOL).

6. How do I deposit and withdraw funds on Morpher?

You can deposit fiat currencies like USD, EUR, and GBP with a 3.5% fee, or major cryptocurrencies with a 1% fee. Withdrawals can be made directly to Polygon or Ethereum wallet addresses, with fees depending on the network used—100 MPH for Polygon and varying fees for Ethereum based on gas prices.

7. What makes Morpher secure?

Morpher uses a non-custodial wallet system, meaning users retain full control of their private keys and funds. The platform is also compliant with EU regulations, ensuring a high standard of data protection and privacy. Additionally, Morpher employs robust security measures and has a solid track record with no reported incidents of hacking or fund loss.

Final opinion on Morpher

Morpher stands out in the crowded crypto exchange market with its unique approach to trading. By eliminating trading fees and offering infinite liquidity through its decentralized platform, Morpher caters to both novice and experienced traders seeking cost-effective and flexible trading options. The use of the native MPH token for all trades ensures a seamless and transparent trading experience, free from the need for counterparties or middlemen. Additionally, Morpher’s non-custodial wallet system and compliance with EU regulations provide a high level of security and data protection, making it a trustworthy choice for users concerned about the safety of their funds.

However, Morpher does have some limitations compared to other exchanges. The absence of popular cryptocurrencies like Dogecoin and Litecoin may deter some users, and the platform’s restriction in key markets such as the United States limits its accessibility. Furthermore, while the trading experience is robust, the lack of live chat support can be a drawback for those who prefer immediate assistance. Overall, Threenvest finds that Morpher offers a strong trading platform with innovative features, though it could benefit from expanding its supported cryptocurrencies and improving customer support options.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.