Review on CashPayz Exchange by Daniel Stephen
CashPayz Exchange
CashPayz is a a centralised virtual trade exchange from India that allows the trading of virtual/digital form of money. There are two reason why I wouldn't have traded on the exchange. First and foremost about 85% of the Indian exchanges I know about are mostly scam exchanges and most of them are also meant only for the India citizens. Another reason is that the exchange is also centralised and for that reason traders would have to entrusted their funds into the custody of the exchange provider which comes with its own risk and so trading with a centralised exchange from a country known to host a good number of scam exchange would be a very high risk which would be a very bad idea. The exchange has been closed down after two years and the trading volume on the exchange has featured as an untracked listing . To conclude my review this exchanges doesn't performs the function of a digital brokerage any longer.
Pros
- None
Cons
- It is a scam exchange
- There are no trade participants
- The exchange has been closed down
