Lemon Cash Peru review

Taker fees are 0% and maker fees are 0%, so spot buying and selling carries no platform charge. That places Lemon Cash Peru at 1 of 118 brands on taker fee, under the site median of 0.2%.

It sits under the Comision Nacional de Valores (CNV) in Argentina, listed under licence 162. Proof of reserves is published, and the entity operating the platform is Bay Treasure Caramel S.A., so reserves can be read rather than taken on trust.

Funding runs through bank transfer only, bank, so the account is topped up from a bank account rather than by card. Once the money has landed, the assets the platform supports are Bitcoin and USDT, and balances sit on the exchange as a cex.

The card is a prepaid card on the visa network with a ARS 0 monthly fee, so there is no subscription to keep up. Spending pays cashback of 0.5% to 2%, and the card draws on the balance held on the exchange.

Dollar balances earn 4%, which is under the platform median of 7%. Custody on the product is non custodial, so the keys stay with you, and lockup terms are No lockup, available anytime, which makes it closer to a savings pot than a fixed term product.

The exchange lists 50 coins, and the assets the earn product accepts are Bitcoin and USDT. That covers plain Bitcoin exposure and dollar balances, but anyone wanting a long tail of altcoins will need a broader venue.

Support runs on email and help centre, so questions go by email or through the help centre. No live chat appears in that list, which matters when a bank transfer is in flight and timing is the question.

The platform is run by Bay Treasure Caramel S.A., founded in 2019 with headquarters in Argentina. It operates as a cex with a custodial wallet model, which is why custody reads differently on the exchange side than on the dollar balances.