Review on CoinFalcon by Danh Huỳnh Ngọc Công
Coinfalcon is an excellent one if you don't count the liquidity
Coinfalcon is one of a few exchanges that I can say they are professional platform that focus on users experience. Many functions of this exchange make me feel very satisfied and forget about the minor drawbacks. I wish that the exchange will host more active marketing to get it name known widely so its liquidity can benefit the traders
Pros
- - Coinfalcon offers a very easy registration process. It is actually the fastest among the exchanges I have tried
- - Its design is very professional and I will give it 9/10 points for this. It looks very updated and fresh. There are hardly many exchanges that focus on this thing and this is the first one I have to give it a super thumb up
- - Beside limit order, it also provide market order and scaled order options. Market order is quite popular and scaled order is the unique function for Coinfalcon. Scaled order is more like stop-loss order but there is much customization on the percentage of amount, or price
- - Depositing any cryptocurrencies including fiat currency will be very quick and done immediately or within the same day
- - They also have a trading app on iOS which is also in AA+ class
- - Users can deposit as little as 10 euro to start the trades on this exchange
- - Taker fee is as low as 0.2% and will decrease when the trading volume of users increase. On the other hand, Coinfalcon does not charge maker any type of fees
- - Withdrawal fee is extremely low. Can you name some exchange that only take 0.00008 BTC when you withdraw your Bitcoin to other wallet? With some coins it is nearly or it is free to withdraw and that is very awesome
Cons
- - Its volume is very low so the price between buy and sell may be much different to each other. They should do more marketing to attract the traders and I hope they would do so because their product is really excellent
- - There are only a few coins/tokens traded on their exchange. How about hosting many IEO to increase the numbers of trading pairs and raise the volume to somewhere in top 100 and top 10?
- - Users can give feedback on their internal forum and any opinions from the community is listened and some effective ones come true (like the mobile app)
- - There support page is very useful with many good questions and answers
- - There is no OTC, no contract trading, and no margin trading on the exchange. They should consider adding these to increase the number of traders on their exchange
