The Rock Trading is a cryptocurrency exchange that began life as a virtual insurance company in 2007. However, with the rise of cryptocurrency, the company changed to direction to become a fully established exchange trading Bitcoin. The exchange is based in Malta, and was founded by Andrea Medri and Davide Barbieri, two well-known personalities within the Italian cryptocurrency community.
The Rock Trading platform is web-based, and is designed to be simple and user-friendly. Trading is brought to the forefront, and users can start trading right away after registering.
As well as the regular trading screen, the Rock Trading provides users with a trading mode named Fast Lane. When users enter Fast Lane, they’re brought to a quick trading page where they can click on the preset amount that you want to trade with.
The platform offers several methods of depositing and withdrawing money, including Bank Wires, cryptocurrency wallets, prepaid cards, and OKPay eWallet.
The Rock Trading primarily supports Euro and USD in terms of fiat. Transfers are conducted via Single Euro Payments Area (SEPA). This process takes less than 3 business days to complete. For SEPA transfers that are less than 1000 euros, the fee is 1.5 euro. For a transfer that is more than 1000 euros, the fee is 2.5 euros. For non-SEPA transfer, the fee is a minimum of 25 euros or 0.15%.
You can also deposit or withdraw your funds in cryptocurrencies with their respective wallets. For cryptocurrency deposits through Cryptocapital, there is a fee of 0.01%.
For verified customers, there is an option to apply for prepaid card from the Rock Trading. The card allows users to withdraw from any ATM which accepts the card.
At present, the Rock Trading does not support credit cards, and doesn’t accept customers that are US residents.
The platform offers margin trading. The maximum leverage ratio offered by the Rock Trading is 1:5. In the event margin trading is utilized, there is a rollover fee of 0.01% every 4 hours.
The Rock Trading has a number of security measures in place, such as 2FA, Trading PINs, and Withdrawal PINs.
For the verifications of customers at the Rock Trading, the exchange has partnered with Jumio to handle the verification of its customers. For the security of the Bitcoin Wallet, the exchange has tied up with GreenAddress, one of the safest Bitcoin wallet in the industry. The wallet uses multisig addresses for the confirmation of Bitcoin transactions.
The support offered at the Rock Trading is decent. There is an FAQ, email ticketing, and a telegram chat.
The Rock Trading is one of the oldest cryptocurrency exchanges around, and has a lot of experience in the crypto space. While it offers a limited number of coins for trading, it offers transparency and security to its users.
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