Iraters vs SpaceTrade: Which Should You Trade With?
Score by dimension
| Dimension | Iraters | SpaceTrade |
|---|---|---|
| Gift card rates | 7.9 / 10 | 8.6 / 10SpaceTrade wins |
| Payout speed | 4.5 / 10 | 7.5 / 10SpaceTrade wins |
| Trade experience | 4.0 / 10 | 8.0 / 10SpaceTrade wins |
| Support & disputes | 4.0 / 10 | 8.0 / 10SpaceTrade wins |
| KYC & onboarding | N/A | 8.0 / 10SpaceTrade wins |
| Product quality | 4.0 / 10 | 8.0 / 10SpaceTrade wins |
| Other features | 4.0 / 10 | 8.6 / 10SpaceTrade wins |
| Security & trust | 4.0 / 10 | 8.0 / 10SpaceTrade wins |
| Reputation | 4.0 / 10 | 8.0 / 10SpaceTrade wins |
| App reviews | 9.8 / 10Iraters wins | 9.2 / 10 |
| Overall | 5.1 / 10 | 8.2 / 10 |
Side-by-side facts
| Detail | Iraters | SpaceTrade |
|---|---|---|
| Rate received (latest test) | Iraters displayed a payout of ₦11,100 for our $10 US Razer Gold e-code, giving a rate of ₦1,110 per $1. | SpaceTrade applied ₦1,130 per dollar to our $20 US Razer Gold e-code, producing ₦22,600. A ₦100 withdrawal fee was charged, so ₦22,500 reached the bank. |
| Tested payout time (latest test) | 32 minutes | 8 minutes |
| Bank withdrawal time (latest test) | 32 minutes | 1 minute |
| Support first response | 35 minutes | 2 minutes |
| KYC time | Not tested | 2 minutes |
| Payout methods | Bank transfer | Bank transfer |
| Gift card types | Amazon, AMEX, Apple / iTunes, eBay, Footlocker, GameStop, Google Play, Nike, PlayStation, Razer Gold, Roblox, Steam, Vanilla, Xbox | AMEX, Apple / iTunes, Footlocker, PlayStation, Razer Gold, Sephora, Steam |
| KYC requirements | Iraters did not ask us to complete identity verification. Registration required a name, email address, phone number, password and date of birth, but no BVN, ID or selfie was requested. | SpaceTrade requested BVN or NIN for Level 2 and a selfie with a government-issued ID for Level 3. Approval took about 30 seconds for Level 2 and one minute for Level 3. |
| Fee structure | a fee of 100 was deducted | The $20 card produced ₦22,600 at ₦1,130 per dollar. A ₦100 withdrawal fee reduced the bank payment to ₦22,500. |
Frequently asked questions
Is Iraters or SpaceTrade better overall?
SpaceTrade is better overall. It scores 8.2 out of 10 against 5.1 for Iraters, based on our own trades on both platforms.
Which gives a better gift card rate, Iraters or SpaceTrade?
SpaceTrade rated better on the card we traded. Our gift card rates score is 7.9 for Iraters and 8.6 for SpaceTrade. Rates move daily and vary by card type and denomination, so compare rates per dollar before you sell.
Which pays out faster, Iraters or SpaceTrade?
SpaceTrade paid out faster in our test: 8 minutes to complete the trade against 32 minutes on Iraters. That is the tested payout time, measured from card submission to the trade value being credited; a later bank withdrawal is recorded separately.
Which has faster customer support, Iraters or SpaceTrade?
SpaceTrade replied first. Support took 2 minutes to answer at SpaceTrade and 35 minutes at Iraters when we contacted them during testing.