LATOKEN Review 2024

Our veredict

LATOKEN is a versatile cryptocurrency exchange that caters to both beginners and experienced traders. Founded in 2017 and based in Estonia, LATOKEN offers a wide range of cryptocurrencies for trading—over 750 pairs. The platform stands out with its user-friendly interface, low trading fees, and high-security standards, including advanced encryption and multi-signature cold storage. Additionally, LATOKEN provides opportunities for earning through staking with attractive APYs and has a robust launchpad for Initial Exchange Offerings (IEOs).

Despite its advantages, LATOKEN has some drawbacks. The platform has fewer payment options compared to other exchanges and lacks advanced trading features like margin trading. Additionally, while its trading fees are competitive, they are slightly above the industry average. Overall, LATOKEN is a solid choice for users looking for a secure and extensive trading environment but may not be the best fit for those requiring more advanced trading functionalities.

Pros

Wide Selection of Cryptocurrencies: LATOKEN supports trading for over 700 cryptocurrencies, offering users a diverse range of options to build their portfolios.
Advanced Security Measures: LATOKEN employs robust security protocols, including AES-256 encryption and multi-signature cold storage, to ensure the safety of user funds.
Low Withdrawal Fees: LATOKEN charges competitive withdrawal fees, such as 0.0005 BTC per Bitcoin withdrawal, which is below the industry average.

Cons

2,5

Threenvest Score

Fees

0.05% (Maker), 0.10% (Taker)

U.S Legal

Why can you trust Threenvest?

At Threenvest, we are unwaveringly committed to providing you with unbiased ratings and information. Our editorial team operates independently, free from any advertising influence. We use meticulous, data-driven methodologies to evaluate financial products and companies, ensuring that all assessments are conducted on a level playing field.

To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

Why choose LATOKEN?

Choosing LATOKEN as your cryptocurrency exchange can be a strategic decision for several compelling reasons. Firstly, the platform offers a wide variety of cryptocurrencies, supporting over 700 different assets. This extensive selection makes it a versatile choice for traders looking to diversify their portfolios across many digital currencies. Additionally, LATOKEN’s user-friendly interface ensures that both beginners and seasoned traders can navigate the platform with ease, making the trading process straightforward and efficient.

Secondly, LATOKEN stands out with its competitive trading fees. Although slightly above the industry average, the fee structure is designed to reward active traders, offering discounts through staking LA tokens. This feature can significantly reduce trading costs for frequent users, making it an economical choice for those who trade in high volumes. Moreover, the platform’s high staking rewards, with APYs up to 360%, provide an excellent opportunity for users to earn passive income on their crypto holdings.

Finally, LATOKEN is known for its robust security measures. The exchange employs advanced encryption, multi-signature cold storage, and comprehensive DDoS protection to safeguard user assets. These security protocols ensure a high level of protection against potential cyber threats. Additionally, LATOKEN’s strong customer support, available through live chat, email, and a detailed helpdesk, ensures that users can get timely assistance whenever needed. This combination of security and support makes LATOKEN a trustworthy platform for managing and trading cryptocurrencies.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert in the crypto exchange market, I highly recommend LATOKEN for its wide selection of cryptocurrencies and user-friendly interface. Whether you’re a beginner or an experienced trader, LATOKEN provides a secure environment with robust security measures, including advanced encryption and multi-signature cold storage. The platform also offers competitive trading fees and high staking rewards, making it an excellent choice for those looking to maximize their earnings and trade efficiently. Overall, LATOKEN is a reliable and versatile platform that caters to a broad range of trading needs.

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.