Review on C-Patex by Mahammad Cafarli
C-Patex
C-patex is one of Argentina's two exchanges. It was founded in 2014 and has been up and operating without any hacking or security breaches since then. The exchange has a significant cryptocurrency market. It features a total of 164 markets and supports 21 different cryptos.
The exchange now accepts two flat currencies: the Argentinian peso and the US dollar. It imposes a 0.20 percent flat cost on makers and takers in terms of trading fees, however the withdrawal price is not listed anywhere on their website. This does not reflect poorly on the exchange, as investors are entitled to all relevant information.
We may also infer that their security architecture is reliable because there has never been any allegation of hacking or security breaches involving this exchange. In short, its platform appears to be attractive and practical. What worries me is the lack of liquidity, as well as the lack of information about withdrawal costs and minimum quantities. Aside from that, it has minimal trading costs and does not impose fees on deposits.
Pros
- When compared to other exchanges, it features minimal costs.
- It accepts fiat cash as well.
- The customer service is satisfactory.
Cons
- Liquidity is really low.
