Cifra Markets: Legal Crypto Investing

Cifra Markets is described as a licensed Belarusian crypto broker operating in the Republic of Belarus.

The service is positioned as a way to legally invest in cryptocurrency instead of using traditional p2p transfers.

The post says deposits via SBP are almost instant, RUB to USDT exchange happens through an order book using limit or market orders, and the broker charges a 1.5% exchange fee.

It also claims that more than 300 cryptocurrencies and xStocks assets are available, with no hidden fees or spread markups.

Assets can be held without seed phrases and withdrawn to any wallet or exchange, with withdrawal fees starting from $3.5.

The service requires KYC, which is presented as part of its regulated and legal operating model.