Review on BorsaDEX by José A Rodríguez
Borsadex: Exchange with Common Trading Window and Little Content
Borsadex is an online cryptocurrency exchange service that provides trading services for limited regions in the western world. It is also a service with not very updated features since most of them are similar to the common windows of other markets. It has a little population in the financial ecosystem, although some of the tasks executed by the server are good for traders.
To start with it, this exchange is available in seven languages. All of them are for European countries, but the translation service is effective for what is commanded. On the other hand, the network functions as a P2P exchange where users interact through a dashboard with statistics and graphical analysis until they deal with the right offer. It permits them to work in two ways. One of them is through a desktop as commonly traders do. But users also have the simplest option available through a wallet on their phone.
In short, this exchange has good features. But in general, it is very limited. The list of commonly admitted tokens is short, and the volume for them is not always as good as other markets. It does not have good liquidity.
Although the service works within seconds, the efficiency for reducing volatility is still a disruptive point.
Note: users can still apply for the services of this exchange and decide whether it is good or limited.
Pros
- It is a modern exchange with the right option for the p2p mode of trading.
- It is an exchange available for both desktop and mobile devices. The last ones can be connected through a wallet from different well-known providers.
- The dashboard illustrating prices, tokens, and the common margin of trading is updated and efficient.
Cons
- The overall market is limited. It does not have many options for trading, and it has services just f0or a list of countries. Not everyone can register on the platform. It also has low admission of cryptocurrencies and low liquidity for them.
