Unlocking LATOKEN: Is This Estonian Crypto Broker Your Best Bet?

You might be looking for a highly secure crypto broker. Maybe you’d rather use one that’s loaded with a large number of assets. Perhaps you just want a user-friendly platform.

Well, LATOKEN gives you all of that. It allows traders to deal in over 500 crypto assets, follows advanced encryption standards, and provides a highly interactive user interface. It also ranks in the top 50 for CoinMarketCap’s exchange-specific trust score.

While it might be a great broker, that doesn’t automatically make it the right crypto broker for you. In this review, I’ll unpack all of its features to help you decide whether it can meet your trading needs.

LATOKEN Pros and Cons

Pros

• Supports an extensive number of cryptocurrencies
• Intuitive mobile apps
• Initial Exchange Offering (IEO) launchpads
• A highly rewarding referral program
• Competitive fees
• Advanced security measures
• Round-the-clock customer support
• New trading pairs added periodically
• Allows users to launch and collect NFTs

Cons

• Some users have experienced issues withdrawing funds
• Mixed customer reviews overall

Background, Regulatory Compliance, and More

LATOKEN was founded in 2017 by Valentin Preobrazhenskiy, who remains the acting CEO. The crypto broker is headquartered in Estonia, where it is held and managed by Payex OU.

The exchange adheres to international Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

LATOKEN operates in more than 190 countries but is restricted in North Korea, Bosnia, Afghanistan, and the United States.

How Easy Is it to Sign Up on LATOKEN?

Opening an account on LATOKEN is very straightforward. Here are all the steps:

1. Click on the Sign Up tab.
2. Complete a puzzle.
3. Set a strong password.
4. Enter your referral code (if you have 0ne).
5. Enter the verification code that was sent to your phone number (this qualifies you for Tier 1 KYC – more on that later).

At this point, you can choose to apply for Level 2 KYC. This involves uploading an official ID (e.g., passport, driver’s license, government-issued ID card) and submitting a selfie to confirm your identity.

Signing up for Level 2 KYC gives you access to fiat deposits and the ability to trade IEOs.

LATOKEN Apps and User Experience

While LATOKEN’s web interface is loaded with TradingView integrations, the LATOKEN mobile app (available on Android and iOS) provides added convenience. Through the app, you can use the exchange, make purchases, and access your LATOKEN wallet.

Using the mobile interface qualifies you for specific airdrops. It also lets you set personalized price alerts, choose from a diverse array of languages, and get customer support directly through the app.

Despite some mixed reviews, the LATOKEN iOS app has over a million downloads and earned a very decent 4.3 star rating.

Diving Deeper into the LATOKEN Mobile Apps

iOS Features

1. Access to all listed assets with a single scroll
2. Create wallets using phone or email credentials
3. Quick IEO launchpad access
4. Airdrops
5. More direct access to the referral program
6. A more interactive platform when it comes to crypto withdrawals
7. Access to AI chatbots for quick assistance

Android Features

1. Price alerts
2. Industry-specific insights and updates
3. Referrals, cashback, and account credit
4. Quick wallet creation
5. Additional emphasis on security

If you are simply starting out, the Android app is the better bet. If you’re more experienced, go with the iOS version.

Don’t ignore the desktop version, though. Here are some of the features you’ll find on the web interface:

1. NFT marketplace listed upfront
2. More intuitive intuitive interface for native tokens or staking
3. Allows users to trade a host of DEX tokens

Features and Offerings

There more to a quality crypto broker than a smooth signup process and an intuitive mobile interface. It’s important to consider its features, too. Here’s what LATOKEN provides its users.

LATOKEN Exchange

Like any other reputable crypto broker, LATOKEN has its own set of token-specific liquidity. The LATOKEN exchange not only lists over 500 crypto assets but also the sector each crypto is relevant to, helping traders make informed choices.

LATOKEN lists tokens into other categories as well, including:

• Open for trading competitions
• Eligible for airdrops
• Featuring staking support

The tokens are also separated into categories, including Web3, Gaming, Small Cap, Large Cap, CeFi, and Infrastructure.

Some of the most popular LATOKEN assets include:

• BTC/USDT
• ETH/USDT
• BNB/USDT
• XRP/USDT
• USDC/USDT
• SOL/USDT

Quick Buy

One great feature on LATOKEN is the ability to quickly buy crypto. Although fiat deposits are only activated with Level 2 KYC verification, quick crypto buying only requires Level 1 KYC.

You can pay for your purchase with a credit or debit card, or you can pay through a third-party payment processor like Apple Pay, Google Pay, and SEPA.

LATOKEN supports crypto purchases using the following fiat currencies:

• USD
• EUR
• SGD
• IDR
• GBP

LATOKEN Launchpad

LATOKEN is one of the largest IEO-specific crypto exchanges. It features a dedicated launchpad section that allows you to explore IEO projects before they launch.

LATOKEN Earn

With the Earn feature, you can get more out of the tokens you’re holding in your account. The most reliable tool here is the Staking feature, which allows you to lock assets for APYs as high as 360%.

In addition to staking, you can amplify your earnings through airdrops, referral programs, and trading competitions. You also have access to an NFT marketplace, P2P support, and the ability to swap one token for another.

Fees and Limits

At first glance, the LATOKEN fee structure might look a tad high, with basic maker and taker rates set at 0.49% and certain exclusive crypto pairs attracting 0.98% trading fees.

However, you can get discounted trading fees by increasing your 30-day trading volume.

If you manage to trade over 20 million, you’ll be eligible for zero maker fees. Staking your LA (LATOKEN’s native token) holdings can also unlock up to 50% in discounts.

Deposit Fees and Limits

There are no fees for depositing premiere crypto tokens like BTC, ETH, TRX, USDT, and USDC. For other tokens, LATOKEN deducts a fee of 1% from your deposit.

There are no daily limits – you can deposit as much as you want.

Withdrawal Fees and Limits

Withdrawals are capped at $9,999 per day for users with Level 1 KYC verification, $100,000 for users with Level 2 KYC, and $500,000 for Level 3 KYC.

You will need to pay network fees when withdrawing crypto.

Security Standards and the State of Customer Support

Security Measures

LATOKEN has stringent security measures in place, including:

• Two-factor authentication (on web and mobile)
• Anti-phishing codes to prevent phishing attempts
• SMS and email verification for added account security

• Google authentication for a secure passkey
• IP whitelisting to ensure only the verified address can make withdrawals from the account
• A “Bugs Bounty” program to incentivize users to identify and report vulnerabilities on the platform

Customer Support

LATOKEN has a comprehensive FAQ section to help you get answers to most queries.

If the FAQ doesn’t have the answer you’re looking for, you can raise a ticket on the Submit a Request page.

For a faster resolution, you can connect with their 24/7 livechat support.

There is also a dedicated resource section with featured video content, along with livestreams showcasing trend analysis and giving you the opportunity to interact with members of the LATOKEN team.

Is This Crypto Broker Right for You?

LATOKEN is an ideal crypto broker for beginners and intermediate traders. While the trading fees might seem high, holding LA tokens and trading aggressively can help you reduce those fees significantly.

If you’re looking for a crypto broker that gives you access to a large number of assets, provides an intuitive interface, and has enough security to give you peace of mind, LATOKEN just might be the right choice for you.