Belfrics

Belfrics Information

Based in Malaysia and governed under Labuan Financial Services Authority (LFSA), Belfrics is a bitcoin exchange. Accessible via a mobile app for both iOS and Android users, it provides crypto trading using a choice of 25 cryptocurrencies.

Pros and Cons

Is Belfrics Legit?

Yes, Belfrics is regulated. The Labuan Financial Services Authority (Labuan FSA) in Malaysia regulates it. Belfrics International Limited has a Labuan FSA Straight Through Processing (STP) licence to provide transparent, regulated financial services. However, the licence number is “Unreleased.”

What Can I Trade on Belfrics?

Belfrics focuses in trading cryptocurrencies. It gives consumers access to trade 25 cryptocurrencies and lets them purchase and sell cryptocurrencies immediately using USD.

Belfrics Fees

Belfrics' crypto-to-crypto taker fee of 1.00% is higher than industry average. Standard withdrawal fees for major cryptocurrencies differ by token on the platform.

Spread & Transaction Fees

Crypto-to-Crypto Trading Fees:

Maker Fee: 0.50%

Taker Fee: 1.00%

Crypto-to-Fiat Trading Fees: Not mentioned, indicating it might not be available or applicable currently on Belfrics.

Non-Trading Fees

Trading Platform

Deposit and Withdrawal

For deposits—in cash or bitcoin—Belfrics does not levy fees. For fiat deposits, consumers could be charged banks fees, nevertheless.

Deposit Options

Withdrawal Options