CryptoBridge Exchange Review

CryptoBridge is a decentralized exchange which is built on the BitShares platform. They promise to offer a variety of major cryptocurrencies and alt-coins on their exchange. This exchange uses the Graphene blockchain which is capable of processing up to one hundred thousand transactions per second. CryptoBridge offers traders a Cloud Account, which allows them to access their assets from anywhere, and a more secure local wallet.

CryptoBridge provides users with regular updates about the development of the platform via their blog. Their website has a clean user interface with an easy to access FAQ, but no information about their team. Their roadmap shows which goals have been reached, which are in progress, and which are planned for the future – but no dates for any of these milestones! A look at their roadmap shows that while their homepage promises support of major cryptocurrencies and alt-coins, they are still at the “In Progress” stage for support of ERC-20 tokens and Ethereum clones, and support for Monero is still in the “planned” stage.

Our full review of CryptoBridge exchange is pending, as we develop our metrics for rating decentralized exchanges. In the meantime we would encourage anyone who is interested in CryptoBridge to do their own due diligence to see what they can learn about the team, which coins are currently supported, and what the timeline is for the completion of projects such as ERC-20 support and mobile apps. It appears that this project is in an active beta stage, so users looking for more features may prefer a more established platform.

The transactions on the exchange are confirmed within 3 secs. Additionally, CryptoBridge helps blockchain businesses to raise funds by offering them a variety of options regarding their level of experience. For instance, if a business is only a beginner, the trading goes live within 14 days, whereas if a business is a pro, then the trading goes live within 7 days. A business can even choose to customize these protocols.

On the homepage, there is an announcement about the trading competition called From June to the Moon. The system determines the most volume generators and offers them daily or weekly prizes which are paid in BridgeCoin (BCO) at a USD based rate. There is also a referral program in which the users are paid $2.50 USD worth of BCO for each time their referrals generate 1 BTC. This referral program is for a limited time, but the site states that regarding the feedback from the users, the program might be renewed. Further information, as well as terms and conditions, can be found on the website.

Regarding the fees, both makers and takers are subject to a fixed 0.2% trading fee. Withdrawal fees are not specified. Fiat currencies are not accepted, and customers cannot leverage in trading BTC.  

CryptoBridge was found in July 2017, however, the team behind is not specified. It created an altcoin (BridgeCoin) instead of ICO because it wanted to maintain legal status in specific countries such as the US.