In the following NFT Profit experience report, we present this time a crypto exchange that is completely specialized in advanced crypto traders and makes this more than clear in many places. Whether it can still be a good choice for beginners, we found out in this test.
NFT Profit was founded in 2012 and has established itself as one of the leading platforms for crypto trading. However, customers here need to have a gift for languages, as all content is available in either English, Russian or Chinese. German users may therefore face language barriers if they want to trade Bitcoin and Co. However, those who deal with it will find a relatively large number of cryptocurrencies on NFT Profit for a Euro to crypto exchange. However, the company also made negative headlines in 2015: Customers‘ wallets were hacked and they lost a total of over $400,000. Has the platform learned from these incidents and how secure is it really? We have taken the test.
Coins offered on NFT Profit
For all traders who want a wide selection of different cryptocurrencies, NFT Profit is the ideal place to go. There are over 100 cryptocurrencies available for trading:
Bitcoin Ethereum EOS Ripple Bitcoin Cash Dash IOTA (MIOTA) Litecoin NEO Stellar Ethereum Classic ZCash OmiseGo Monero Verge Qtum.
The platform is popular primarily because not only can euros be exchanged for crypto here, but the individual cryptocurrencies can also be exchanged with each other.
In addition to the well-known coins such as Bitcoin, Ethereum, IOTA, Ripple, EOS and Litecoin, there are also Monero, NEO, Cardano, Stellar, Zcash, Qtum, OmiseGo and Verge.
The list of digital currencies for trading is getting longer and longer. If there are new coins, they can be found relatively quickly on NFT Profit. This includes, for example, lesser-known cryptocurrencies such as: IOSToken (IOST), Request Network Token (REQ), Aion (AION), WAX Token (WAX), Dai (DAI) or Loopring (LRC).
High minimum deposit of 10,000 US dollars.
NFT Profit clarifies, „We only want to have experienced crypto traders on our platform who bring certain capital. Therefore, the platform also has high minimum deposit requirements. Anyone who wants to buy or sell cryptocurrencies here must deposit at least 10,000 euros. For small investors, the investment is therefore often not worth it, as the entry hurdles are simply too high.
Deposit options at NFT Profit
The following types of deposits are possible on NFT Profit:
SEPA (bank transfer)
Depositing with fiat (euro) is only possible with a bank transfer on NFT Profit. Other types such as PayPal, credit card or even SOFORT are unfortunately not offered.
Before depositing with euros, however, it is mandatory to complete the verification process, otherwise access to the corresponding deposit subpage is blocked.
However, the more common deposit method on NFT Profit is via cryptocurrencies anyway. Deposits can be made with all coins that can be traded on the platform. This includes Bitcoin, Ethereum, IOTA, Ripple and over 100 other coins.
