Review on BitKonan by Sudais Quadri
Not a desirable exchange to trade on
Bitkonan exchange is a Croatian exchange launched in 2013. For an exchange that has existed for such a long time, it is expected that such exchange would have gathered lots of trading experiences and as such improve the nature of the services it provided for users overtime. The exchange is just a spot trading platform with no particular intention to launch the margin trading session any time soon. Only few cryptocurrencies are traded here specifically, BTC, ETH and LTC. So it's actually possible to conclude that the trading volume of this exchange is so low that it's also going to have a low liquidity. But the trading volume is not known, this might not be a good indication of a good exchange. The exchange stores funds in hot wallets as against other popular exchanges that make an extensive use of cold wallet to safely funds. This means that traders funds can go off or disappear anytime without any plausible explanation.
Pros
- The exchange had a nice trading Interface
Cons
- The exchange uses hot wallet instead of cold wallet
- The exchange has unknown trading volume
- Very few coins are traded on this exchange
