Review on Braziliex by Temitope Babatunde
With Braziliex, Brazillians Has No Problem Converting Their Cryptos To Fiat.
Braziliex is an exchange which was founded in 2017, by Marcelo Marques, it is based in Brazil and the exchange is basically for the Brazillians because the only fiat accepted through wire transfer is Brazil currency.
There are no much coins on the platform, but all major cryptos can be found and trade there. This platform really help those merchant and users who will like to pay by using cryptos, the cryptos will be paid to the exchange which will pay real fiat to the merchant.
Registration on the platform is super easy, just login into their website and click on signup, then follow the instructions until you are done. KYC is not compulsory, only that this will limit to what extent one can use the platform especially when it comes to withdrawal. Trading on the platform is however costly because it charges 0.5 percent for both takers and makers. Withdrawal fee is also very high comparing to what is obtainable in the crypto market.
The platform is available in up to 4 languages which are, Dutch, Portuguese, English and Spanish. The support service is very active and use to respond to users request promptly.
So if you are in Brazil either as a merchant or consumer or as a trader Braziliex can help you to convert your cryptos into fiat.
Pros
- It helps the Brazilian merchants who which to accepts cryptos as a means of payments.
- It helps in pushing for the adoption of crypto in real life.
- It allows for deposit through wire transfer.
- It has multiple languages, which suggests that it might go beyond Brazil territory in the future.
- No deep KYC if one is not dealing with large cash.
Cons
- Presently, it is available to only Brazilians.
- No leverage or margin trading.
- One can not use debit or credit card.
