Meet Ro.Exchange

Meet Ro.Exchange: A Rising Crypto Exchange from Romania

It’s now more than a decade since the initial release of Bitcoin, the first decentralized cryptocurrency in
the world, and today’s cryptocurrency market is full of opportunities that are just waiting to be taken.

The only problem is that the astronomic growth of the cryptocurrency market has made it rather difficult
for beginners to get started and for seasoned crypto veterans to stay focused. Choosing the best
cryptocurrency exchange can be particularly tricky because all cryptocurrency traders have different
needs and preferences, and the largest and most popular exchanges may not be able to satisfy them all.

Backed by Block Capital SRL, Ro.Exchange is a rising cryptocurrency exchange from Romania that seems
to know exactly what features cryptocurrency newcomers, as well as trading experts, want despite being
the first and only project of its kind in Romania. In this article, we take a detailed look at everything
Ro.Exchange has to offer to help you decide if it’s the right trading platform for you.

Quick Summary

Here’s a quick summary of what Ro.Exchange offers:

• A flat 0.15% trading fee on all pairs.
• Support for all major cryptocurrencies.
• No verification required for crypto to crypto trading.
• Available in both English and Romanian.
• Secure and transparent platform with cold wallet support.
• Helpful and friendly customer support.

Ro.Exchange Overview

Ro.Exchange is based in Clu-Napoca, a city in northwestern Romania and the unofficial capital of the
Transylvania region. It’s the first Romanian project of this kind, and everything so far seems to indicate
that it’s here to stay.

The main thing that sets Ro.Exchange apart from most other young cryptocurrency exchanges is its
transparent nature. There are no hidden fees whatsoever, so the prices you see are really the prices you
can expect to pay (more about Ro.Exchange’s fees in a moment).

Of course, transparency alone wouldn’t be enough to earn Ro.Exchange a place in the cryptocurrency hall
of fame, but the good news is that this promising cryptocurrency exchange has a lot more to offer to its
customers.

Features

At the time of writing this article, Ro.Exchange is available in both Romanian and English, making it
accessible to cryptocurrency traders from around the world. Support for more languages will likely be
added in the future, depending on Ro.Exchange’s success.

Ro.Exchange features a matching engine that’s capable of live instant transactions and settlements using
both market and limit orders. If you’re not familiar with these two fundamental order execution options,
here’s a quick rundown for you: market orders are meant to execute at the current market price, while
limit orders set the maximum or minimum price for a transaction to take place.

In the past few years alone, several major cryptocurrency exchanges have been forced to shut their doors
for good after suffering a major security breach. For example, Cryptopia went into maintenance mode on
January 14, 2019, after announcing on Twitter that it was experiencing unscheduled maintenance. It’s
likely that Cryptopia kept their private keys stored on a single server with no redundancy and someone
managed to delete them.

It’s extremely unlikely that the same scenario would ever happen with Ro.Exchange because its entire
infrastructure has been designed with security in mind, taking full advantage of all standard security
protocols and mechanisms, including SSL and two-factor authentication, also known as 2FA. Most funds
are kept in cold storage, which is widely known to be the most secure way of storing cryptocurrency funds
because it eliminates the possibility of an intruder stealing the entire reserve in a security breach.

Ro.Exchange is incredibly user-friendly, and it takes just a few seconds to get started with it. Trading
between a number of different currency pairs is equally effortless, and the next chapter of this article
explains exactly how to set up a Ro.Exchange account and start trading on this emerging cryptocurrency
exchange.

Setting Up a Ro.Exchange Account

It takes just a few steps to set up a Ro.Exchange account and start trading. This is what you need to do:

Step 1: Create your user account
First, click the “Create account” button.

You will be taken to the sign-up page, where you need to fill in the necessary user information, including
your email address and password. Make sure to use a password that’s at least 6 characters long and
contains numbers as well as uppercase and lowercase letters.

Before you click the “Create account” button again, make sure to agree to Ro.Exchange’s terms of service.

Step 2: Verify your account
With your user account created, the next step is to sign up with your email address and password so you
can verify your account.

To verify your account, simply check the email account you’ve used for registration. It should contain a
confirmation email with a link. If you haven’t received any email from Ro.Exchange, you can click the “Send
it again” button in the Settings menu. You then need to submit additional personal information about
you, which you can do by clicking the “Submit” button next to “Verify Account” (see the image below).

Step 3: Set up two-factor authentication
The purpose of two-factor authentication is to add another method of confirming a user's claimed identity
to increase account security and make it impossible for malicious intruders to the account just be entering
the correct username and password.

Ro.Exchange uses the Google Authenticator app for two-factor authentication, which makes it very easy
to add another layer of security. First, install the Google Authenticator app on your mobile device. Then
scan the provided QR code and fill in the dynamic password displayed by the Google Authenticator app.

Step 4: Deposit funds
To deposit cryptocurrency funds to your newly created and verified account, switch to the Funds tab
and select the cryptocurrency you would like to deposit.

Ro.Exchange will generate a wallet address for you as well as a QR code to make everything more
convenient. The status of your deposit will be shown on the same page.

Step 5: Start trading
Once you have funds in your Ro.Exchange wallet, you can start trading by switching to the Trading tab.
There, you can select any cryptocurrency pair you want and use either market or limit orders.

Supported Currencies and Fees

Ro.Exchange supports a broad range of cryptocurrency trading pairs. At the time of writing this article,
the supported currencies include Bitcoin, Ripple, Tether, Dash, Ethereum, Litecoin, and Bitcoin Cash. Being
a Romania-based cryptocurrency exchange, Ro.Exchange is capable of accepting and sending SEPA
payments denominated in Euro, which is excellent news for the citizens of 19 of the 28 EU member
countries.

So many cryptocurrency exchanges out there burden their customers with hidden fees, but Ro.Exchange
is different because it applies a flat fee of 0.15% on all cryptocurrency trading pairs, leaving absolutely no
room for guessing what the final price will be.

Customer Support

No cryptocurrency exchange can gain a prominent position on the market without providing first-class
customer support to its customers. Being a smaller exchange, Ro.Exchange is able to provide personal
customer support via a variety of different channels, including email and social media sites like Facebook,
Twitter, and Reddit.

Its customer support staff seems to be knowledgeable and friendly, and all of our questions were
answered promptly and accurately. If you’re sick and tired of waiting days just to receive a response from
customer support staff just to discover that the response didn’t really answer your question, Ro.Exchange
is definitely the right choice for you.

Conclusion

Ro.Exchange is an excellent choice for cryptocurrency traders in European countries, combining many of
the features we’ve come to expect from world-class exchanges with an easy-to-use trading platform and
transparent fee structure. Considering that Ro.Exchange has been around for just a short while, we’re
excited to see it evolve, add support for more cryptocurrencies, and show the whole world just how
accessible cryptocurrency trading can be.

Resources

• Facebook: https://www.facebook.com/RoExchangeOfficial/
• Instagram: https://www.instagram.com/ro.exchange/
• PR contact: [email protected]
• Telegram: https://t.me/joinchat/AAAAAEWR6KZvKFtjZmV9ZQ
• Twitter: https://twitter.com/roexchange1/
• Website: https://ro.exchange/