Review on Coinext by Pedro O. Alvino M.
High speed interchange located in Brazil.
Crypto exchange for Brazilians, has a somewhat complex trading system given how it is designed, however the exchange provides a tutorial on how it works and is used in a very simple way, in addition to also adding a program where it indicates everything the operation of cryptocurrencies.
With a transaction monitoring system with Chainalysis, the exchange also has two-factor authentication and the servers that Coinext has are connected to under an SSL / TSL scheme, protecting the user from theft and leakage of information.
Constituted as a local exchange, for the rest of the users from countries other than Brazil, it can be very difficult to use the exchange since the language system is very limited, and the commercial references are established with the national currency of Brazil. which can confuse many users who do not know the value of this currency in reference to the dollar.
Pros
- It has a commission percentage between 0.25% and 0.50% in the purchase and sale of cryptocurrencies.
- It has a mobile app for both Android and IOS
- Bank deposits and withdrawals take no more than 20 minutes to process
- Includes a monitoring system for irregular transactions with Chainalysis technology.
- 24/7 customer support and online chat.
- Contains an educational program on the operation of cryptocurrencies.
Cons
- Very few currencies supported.
- Aimed especially only for Brazilian residents.
- Being a local exchange, liquidity is very low.
