BitGrail

[mlawson71]

BitGrail is an Italian exchange that offers solely coin-to-coin trading with a focus on RaiBlocks (XRB). So, traditional currencies like USD and EUR are not accepted at BitGrail and as is the case with most similar exchanges, no there is no margin trading.

BitGrail uses two-factor authentication (2FA) and implements certain know-your-customer (KYC) policy. Unverified users have to comply with low trading daily limits (0.5 BTC).
 
BitGrail Advantages

Competitive Fees

BitGrail charges flat fee of 0.20% per trade which is a competitive pricing.  By comparison, Mercatox, another exchange that offers RaiBlocks, charges 0.25%.

10 coins available

The current list of coins available at BitGrail includes: BTC, XRB, BCH, BTG, ETH, LTC, DOGE, CREA, LSK and CFT. This is a decent amount of digital assets, however, if you are looking for more altcoins, check out Bittrex or Mercatox.

Nice trading platform

BitGrail’s platform is nice, when compared to some of the other crypto-exchanges. It has some basic charting, a neat order book, Latest trades window, as well as a live chat (Trollbox). The trading instruments are divided into two groups: coins traded against Bitcoin (BTC Market), and coins traded against RaiBlocks (XRB Market).

Focus on XRB

This exchange clearly focuses on trading in RaiBlocks, as XRB/BTC is the most popular trading pair at BitGrail and it constitutes more than 80% of its overall trading volume.  XRB is an open source cryptocurrency that is currently in the top 50 by market cap (according to CoinMarketCap). The RaiBlocks network has no notion of fees, these coins are distributed for free by using captcha and it seems that it has a solid fan base. XRB is not listed on many exchanges, it is currently available on BitFlip and Mercatox.

Anonymous trading

Users of BitGrail are able to trade anonymously on the exchange, but only up to 0.5 BTC daily. If they wish to trade in larger volumes, they need to verify their identity. Keep in mind that the check by the BitGrail may require up to 24 hours.
 
BitGrail Disadvantages

Fiat not accepted, limited payment methods

As it is pointed out above, BitGrail does not support traditional currencies, so its users are not able to deposit directly in EUR, USD or cash out their coins in traditional currencies, using popular payment methods such as bank transfers or credit cards. This basically means that BitGrail is not that beginner-friendly.

Trading only against BTC and XRB

While this exchange offers decent amount of coins, they can’t be freely traded against one another. Altcoins are either traded against Bitcoin, or against RaiBlocks.

No leverage

BitGrail does not support leveraged trading, much like most cryptocurrency exchanges. There are some, like Quoinex and bitFlyer who offer this type of service.
 
Conclusion

Operated by Webcoin Solutions, based in Florence, Italy, BitGrail is a cryptocurrency exchange with competitive trading and transfer fees that appears to place a special focus on trading against XRB. It does not accept or send any form of fiat currencies, which makes them not that beginner-friendly. Besides, it puts them in the group of trading venues which are not regulated, as most countries have not developed the respective legislative frameworks yet.