In the vast and ever-evolving landscape of cryptocurrency exchanges, Artis Turba emerges as a fleeting star, shining briefly before fading into obscurity. Like a shooting star illuminating the night sky, Artis Turba captured the attention of crypto enthusiasts with its launch in September 2018. This South African-based platform aimed to provide a trading haven for investors, supporting various cryptocurrencies and boasting competitive fees.
However, beneath its promising facade, Artis Turba struggled to generate sufficient liquidity, leaving its users in a state of uncertainty. Now, with an air of finality, Artis Turba has announced its decision to shut down indefinitely, urging its users to withdraw their funds promptly. As one chapter closes, new crypto investors are advised to seek solace in other reliable exchanges that can offer a stable and secure trading environment.
Key Takeaways
- Artis Turba is a cryptocurrency exchange based in South Africa.
- The platform supports trading in multiple cryptocurrencies including ARTIS, BTC, ETH, DGB, TRX, BTT, BNB, XLM, XMR, XRP, and ETN.
- Artis Turba charges competitive taker and maker fees, which are below the industry average.
- The exchange allows fiat currency deposits only through wire transfer.
What is Artis Turba?
Artis Turba is a cryptocurrency exchange from South Africa that was launched in September 2018. It offers a trading experience for various cryptocurrencies, including ARTIS, BTC, ETH, DGB, TRX, BTT, BNB, XLM, XMR, XRP, and ETN. The platform has reported low liquidity levels, indicating potential challenges in executing trades. It is important for users to consider this factor when engaging in trading activities on Artis Turba.
The exchange provides an opportunity for users to buy and sell these supported cryptocurrencies, allowing them to participate in the cryptocurrency market. However, due to the low liquidity levels, users may experience limitations in terms of the volume and speed of their trades. It is advisable for traders to carefully evaluate the trading conditions and liquidity levels before engaging in transactions on Artis Turba.
Artis Turba Exchange: Features
The platform offers a wide range of features to enhance the trading experience, such as customizable settings on the trading view and competitive taker and maker fees. These customization options allow users to personalize their trading interface according to their preferences, providing a more efficient and user-friendly experience. Additionally, Artis Turba supports a variety of trading pairs, including ARTIS, BTC, ETH, DGB, TRX, BTT, BNB, XLM, XMR, XRP, and ETN.
This diverse selection of trading pairs allows investors to access a wide range of cryptocurrencies and explore different investment opportunities. The availability of these trading pairs enables users to easily manage and diversify their investment portfolios, ultimately enhancing their trading strategies. With these features, Artis Turba aims to cater to the needs of both new and experienced crypto investors.
Fees and Charges
The taker and maker fees charged by Artis Turba are below the industry average, making it a cost-effective option for traders. In comparison with other exchanges, Artis Turba offers competitive fees that can have a positive impact on users’ trading activities. With a taker fee of 0.15% and a maker fee of -0.10%, Artis Turba provides traders with lower costs compared to the average spot trading fees in the industry, which are 0.221% for takers and 0.177% for makers.
This means that traders can save on trading fees when using Artis Turba for their cryptocurrency transactions. Furthermore, the withdrawal fee of 0.0005 BTC per BTC-withdrawal charged by the platform is also competitive, providing users with a cost-efficient option for accessing their funds. Overall, Artis Turba’s below-average fees can benefit traders by reducing their transaction costs and increasing their potential profitability.
Artis Turba Closure Announcement
The announcement of the closure of the cryptocurrency exchange platform has left its users uncertain about the future of their investments and seeking alternative options for their trading activities. This unexpected development has had a significant effect on users, who now face the challenge of finding a new platform to continue their cryptocurrency trading.
The closure of Artis Turba raises questions about the overall stability and reliability of the cryptocurrency exchange industry. Users may now be concerned about the safety of their funds and the potential loss of their investments. Additionally, the closure highlights the volatility and unpredictability of the cryptocurrency market, as platforms can suddenly shut down, leaving users in a state of uncertainty. Moving forward, users will need to carefully consider their options and conduct thorough research to find a trustworthy and secure platform for their trading activities.
Frequently Asked Questions
Is Artis Turba available for US investors?
Artis Turba’s availability for US investors is unclear as they do not explicitly prohibit them in their Terms and Conditions. US investors should form their own opinion on trading at Artis Turba. The platform ensures the security of user funds through undisclosed measures.
What are the supported cryptocurrencies on Artis Turba?
The list of supported cryptocurrencies on Artis Turba includes ARTIS, BTC, ETH, DGB, TRX, BTT, BNB, XLM, XMR, XRP, and ETN. To trade cryptocurrencies on Artis Turba, users can customize settings on the trading view and take advantage of the platform’s below-average taker and maker fees, as well as competitive withdrawal fees.
How can users deposit fiat currency on Artis Turba?
To deposit fiat currency on Artis Turba, users can utilize wire transfer as the only available method. However, specific details regarding the fiat currency deposit methods and limits are not provided in the given information.
What are the top 5 exchanges in the cryptocurrency industry?
The top 5 exchanges in the cryptocurrency industry are Bybit, PrimeXBT, Binance, MEXC, and Phemex. These exchanges offer a range of services, including contract trading and centralized trading. It is unclear whether Artis Turba is available for US investors.
Are Bybit and PrimeXBT contract trading exchanges or centralized exchanges?
Bybit and PrimeXBT are contract trading exchanges. Bybit has a 24-hour trading volume of USD 5.6 billion, while PrimeXBT has a trading volume of USD 2.5 billion. Both platforms offer leverage trading and advanced trading features.
