CryptoMarket (Cryptomkt) – Exchange Review

First impressions

CryptoMarket is a Latin America – focused exchange operating since around 2016. It targets users in Argentina, Brazil, Chile, Colombia and Peru. It prides itself on supporting local fiat transactions and offering a straightforward trading interface.

Trading activity and volume

The platform isn’t listed among top global exchanges and volume is mostly opaque. It offers moderate liquidity for major assets, but there’s no clear orderbook depth or real-time volume tracking available. That makes it hard to assess how deep markets really are.

Fiat access and interface

CryptoMarket enables deposits and withdrawals in local currencies via bank transfers. The UI is clean and web-based, tailored for beginners. It lacks mobile apps, but delivers essential order entry and charting tools.

Fees and pricing

Spot trading fees range from roughly 0.04 percent to 0.09 percent depending on volume. Simpler on-ramp methods come with fees up to 1 percent. Fees aren’t the lowest in the market, but they’re not excessive.

Security and transparency

The platform uses SSL encryption, two-factor authentication and stores most assets in cold wallets. It claims to be the first to offer Ethereum in South America, but lacks public audits or proof of reserves. There’s no regulatory license and users face counterparty risk.

Reputation and user trust

Trustpilot reviews are mixed. Some users praise fast service and helpful support, while others say the platform is unstable and has sub‑par rates:

“Fast, reliable and secure… Using it since 2021”
“The platform is not very stable… not being attended to”

There’s no clear pattern of withdrawal freezes, but instability and occasional unresponsiveness stand out.

Strengths and weaknesses

Strengths:

• Local fiat support in multiple Latin countries
  
• Clean, beginner-friendly interface
  
• Standard 2FA and cold storage security
  
• Fee tiering for active traders
  

Weaknesses:

• No real volume transparency or market depth tracking
  
• Higher fees on simple deposit options
  
• No audits or regulator oversight
  
• Mixed stability and user feedback on service
  

Who it might suit

CryptoMarket caters to:

• Latin American users needing ARS, BRL or CLP access
  
• Beginners trading spot with local currency
  
• Users wanting a simple, web-based experience
  

It’s less ideal for:

• Traders needing deep liquidity or advanced tools
  
• Anyone requiring proof of reserves or regulation
  
• Users expecting high uptime and consistent platform stability
  

Final thoughts

CryptoMarket is a solid gateway for local fiat users in Latin America. It delivers basic features, moderate liquidity and standard security tools. But it’s not a platform for advanced traders or those demanding transparent volume data and regulatory assurance.

If you want an easy way to trade crypto with your local currency, it works—but be aware of potential stability issues, opaque liquidity and minimal institutional guarantees. For casual regional users, it’s serviceable. For serious traders or global access, better-regulated exchanges are advisable.