Review on Biconomy by Pedro O. Alvino M.
Canada-based exchange with excellent trading liquidity.
Exchange developed in Canada, provides a market for several crypto assets and tokens from different blockchain networks, in which they can be traded through a Spot and OTC market, it also adds the option of exchange pairs with fiat currency, in this case the Canadian dollar, however, it also has the option of being able to access crypto assets through the purchase by means of a credit card in multiple fiat currencies, either EUR or USD.
When it comes to the exchange's functions, it has several basic and experimental security features such as cold storage that many crypto exchanges already have. The volume handled by the exchange is certainly large, that it is diversified in a large part of its exchange pairs, and as regards its interface, its design is very basic and perfectly understandable for any operator.
Something unremarkable in the platform is the absence of programs that promote greater commercial mobility in the exchange, either temporary events in trading and reduction of commissions due to a large percentage of commercial volume, therefore the exchange does not have a good user base , given that it has very few followers on its social networks, which would be a determining factor when it comes to having new operators on the exchange and can be a negative factor that can be detrimental in the long term.
Pros
- It covers a wide variety of crypto assets and tokens with excellent market liquidity.
- Allows the purchase of cryptocurrencies with various fiat currencies by credit card.
- It has an OTC and Spot market.
- Includes a beginner's guide to the market.
- It has several languages integrated into the exchange.
- Stores a large part of user funds in cold wallets.
Cons
- The exchange has very few followers and a community on its social networks.
- There are search errors for the exchange's mobile application in the application stores on android and iOS.
- It does not have many benefit programs for operators.
