Review on Braziliex by Japheth Ayuba
Braziliex Exchange: A Brazilian exchange
The Braziliex Exchange is a Brazil focused centralized exchange that has been supporting The brazil crypto Community by making deposits and withdrawals possible in a simple and effective way. The exchange only fiat support is the Brazilian Real and users can initiate local deposit and withdrawal with this exchange. The exchange has a major drawback on its flat trade fee of 0.5% which is twice the market average of 0.25% and as the exchange focuses on Brazilian merchants who receives crypto payments, the exchange supports major cryptocurrencies totaling 18 coins and tokens.
The exchange is hosted on its website and as an Android app. The exchange also doesn't support margin or leveraged trading as it only supports Spot trading. The exchange comes with it's native token Braziliex token BRZX which discounts trading fees for traders. This exchange is in many ways favorable to the Brazilian traders if one doesn't take into cognizance the trade fee
Pros
- The Braziliex Exchange being centered on the Brazilian Community support local Fiat deposit of the Brazilian Real
- The exchange supports major crypto coins for Brazilian merchants to trade against the Brazilian Real
- The exchange supports it's native token Braziliex token BRZX which discounts trading fees
- The exchange currently has a 24 Hour trading volume of 190 thousand dollars of which 18 coins are traded and 23 active pairs
Cons
- There is a high flat trade fee of 0.5%
- No margin or leveraged trading on this exchange
- Exchange app is available only for Android devices
