Review on Amplify Exchange by Thalhat Tee
Amplify Exchange
Amplify Exchange was launched in 2019, it is an Irish trading platform that deals with a decent number of cryptocurrencies though they are limited to less than 12. The exchange allows for the trading if Bitcoin, Ethereum, 0x protocol, Dash, Stellar, Neo, EOS, Tezos, Litecoin and Bitcoincash. The exchange even has its own token, AMPX which can fetch users rewards when staked or bring about discount in trading fees. But there's actually no need for a discount as Amplify Exchange gas claimed to offer a zero trading fee system for traders. The exchange ensured that users funds are stored in offline cold storages and on top of that, the stored funds worth up to $100,000,000 are insured against future losses. There are some reports that this exchange isn't active anymore as the Telegram group is inactive, this has held me from trading on the exchange for now. Alongside the blog which is also outdated having its last post in April 2020, ine can conclude that this exchange is not really active!
Pros
- The exchange claims to offer zero trading fee
- The user interface is dynamic
- Users funds are insured against future losses
Cons
- The blog of the exchange is outdated
