cryptocurrency

Roisea: Honest Opinion from a Trader – Is It LEGIT?

Established in 2018, Roisea rode the wave of the fintech revolution to become arguably the world’s leading crypto trading platform.

There are more than 750 trading pairs on the exchange, which is quite a lot. Their number is often replenished. Liquidity and trading volumes in most pairs are satisfactory, but still, when buying, you should pay attention to price markers, the order book, and the history of market transactions separately for each pair of interest.

With a huge passion for innovations and a focus on user-friendly features, it should come as little surprise that Roisea has attracted many users worldwide.

Commissions and Fees

Roisea commissions are rather transparent. Rollover fees and other commissions are included in the bid-offer spread on transactions, making it easier to conduct a price comparison. Spreads at Roisea can, thus, sometimes seem to be more expansive than those of its peers, but it is essential to check if those other spreads are also ‘all in.’

While there’re no commissions for depositing money, you have to pay some currency conversion costs to convert the deposit from one currency to another. For instance, converting USD funds to AUD base currency will be charged 50 pips. There’re also some modest withdrawal commissions to be aware of. For example, all Roisea withdrawals incur a low cost of $4, with the minimum withdrawal charge set at $25.

Deposit and Withdrawal of Funds

There are several options to fund your account:

  • Purchase with a credit or debit card that supports Apple Pay and Google Pay (limited to $1400 without verification per day).
  • P2P – buying directly from other users.
  • Quick purchase using third-party services.
  • Replenishment from another cryptocurrency exchange or wallet.

Withdrawal to other wallets is possible without verification with a limit of up to 5 BTC per day.

Features and Tools

The platform users are limited to their web platform, which is available on mobile, tablet, and desktop.

That said, the Roisea web platform is easy to use, and the interface gently leads clients through to different blocks of the website. While there’s a lot of data available, the layout ensures that the users are never overwhelmed by different screens. It would explain the platform’s appeal to new Roisea casual traders and regular users.

Mobile Trading

The Roisea app is available for iOS and Android devices and provides the same functions as the desktop service. The copy trading and self-trading mix is seamlessly copied over onto phones and tablets, as are the social trading feature and news.

Our Roisea review found that the mobile app keeps things easy as the desktop version. However, while being ideal for beginners, some more experienced crypto users might find the app lacking in certain aspects, such as charting instruments.

The clean interface of the trading dashboard comes over particularly well on the smaller screens of mobile devices. The mobile solution is reliable, well designed, and suitable for clients looking to be connected to the crypto markets while on the go. The mobile trading experience benefits from the adage that less is more by keeping things simple.

Security

For the personal protection of user accounts, Roisea provides all the necessary tools: Google verification, trading password, login restriction from a new IP address, and two-factor authentication for logging in and withdrawing funds. To distribute risks and activities, it’s also possible to create sub-accounts – additional accounts with a separate wallet. When there is suspicious activity on the account, users get the appropriate notifications.

Support Service

To solve problems on the exchange, you can use:

  • Help center with answers to common questions.
  • Helper Bot (English and Chinese only).
  • Direct communication channel with exchange support.

Clients can send a support request in two modes: normal and urgent. In urgent mode, we received a response 4 hours after sending, but the issue was resolved only after a second request.

Advantages and Disadvantages of Roisea

Advantages:

  • Reliability, stability, and security.
  • A large number of trading pairs and instruments.
  • Verification is not required.
  • Low commissions.
  • Convenient mobile application.

Disadvantages:

  • Problems with adapting the interface to different languages.
  • There are only English-speaking operators in the support service.
  • Unfavorable exchange rates on the P2P site.

Summary

So, is Roisea worth it? The platform has experienced dramatic growth and established itself as a reputable broker. Its appeal stems mainly from its possibility to provide a combination of copy/social trading and self-trading.

It offers a broad range of markets, has priced in line with the rest of the competitors, and has provided a proprietary trading solution that provides a user-friendly option to trade cryptocurrencies. However, there is not quite a range of powerful instruments that tech-savvy traders may want to use to conduct a granular level analysis for crypto trading.

Kyle Baxter

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