How We Test
We Believe in Data-Backed Reviews.
RankFi started because there needs to be a trusted source for crypto information and reviews. This page covers our methodology and how we review crypto products and exchanges.
When testing crypto exchanges, we look at five major categories. This is what you should look for when choosing a good exchange:
🔒 1. Security
When recommending a cryptocurrency exchange, safety and security is our first priority. If you can't trust it, you can't use it. Things we look at include:
💰 2. Fees
Fees carry the most weight in our reviews. In our opinion, fees are the most important factor when choosing a crypto exchange (assuming the platform is safe).
The reasoning is, most platforms present a good user interface, a wide range of features, and a safe environment for users. The fees, however, vary widely. Depending on the platform, fees can range from under 1% up to 6% depending on the spread, deposit fee, trading fee, etc. This is a wide range that can cost investors a lot of money.
We collect every type of fee we can find and manually buy crypto on each platform to test the spreads and other data. Things we track and test include:
🏦 3. Deposits & Withdrawals
The third key factor in our reviews is how easy it is to transfer money in and out of the platform? Our goal is to review this section on a country-by-country basis. We analyze variables such as:
📲 4. Features & Services
While some exchanges let you simply buy and sell crypto, others offer a wide variety of features. In this section, we collect every feature the platform offers which can be things like:
👍 Ease of Use
Lastly, our reviews factor in the overall usability of the platform which includes variables such as:
Crypto Reviews You Can Trust
Here is everything else we do to make trusted reviews and comparisons:
1️⃣ Local Reviews
Companies offer different features in different regions. We have team members on the ground in Canada, the UK, Australia and more.
2️⃣ Tracking Every Platform
Our goal is to get a birds-eye view of the entire industry. If you only test a few platforms, you don't get the full picture.
3️⃣ Reviews by Real People
Every platform is tested by real people, not robots. We sign up for accounts, pass KYC, and use regular emails (not company emails) so companies don't know they're being reviewed.
4️⃣ Data-Backed Reviews
We let the numbers do the talking. In some areas, using our opinion is unavoidable, but we do our best to be guided by numbers and data.
5️⃣ Fair Tests
When collecting time-sensitive data, like spreads and volume, we test every platform at the same time. This makes it fair for side-by-side comparisons. We also try to update all content at the same time so reviews and information aren't taken months apart.
6️⃣ Regular Updates
Every section of our site shows you when it was last updated. Crypto changes fast, so we have a small team that regularly updates content.
7️⃣ We Love Crypto
We only hire people who are super excited about crypto and want to find the latest and greatest products.
Our goal is to make crypto and finance products more transparent and comparable so you can make better decisions with your money.
We were tired of the blogs and comparison sites that were outdated, not doing a good job, or just promoting whatever paid the most money.
With the methodology above, our goal is to help you find the best crypto products so you can make more money.