Review on Coinhako by Naomi Ilani
Their Fees Provokes Me The Most
TThere seems to be many exchange platforms on the blockchain network that don't seem to have any plan to succeed, honestly. I am not saying this as a means of discouraging them but giving my honest views about the exchange platform.
The exchange platform I would be reviewing today is known as CoinHako exchange platform. CoinHako exchange platform is a Singaporean exchange platform that don't seem to be making any plan nor taking steps to progress. My reasons are limited but vital. As a matter of fact, I'm having just two reasons for making this statement and they are:
1. Their Trading Fees: The blockchain network have made it quite easy for exchange platforms to know the exact or approximate fees they should charge traders. This is displayed by the fact that the blockchain network has a standard fee of 0.25% and many companies charges lesser than that to make their services preferable for traders to use. Only few exchange platforms charge more than this standard fee and are most times not preferred by traders. The CoinHako exchange platforms situation seems completely different as they charge a flat fee of 0.1% which is quadruple the industry's average. This fee isn't encouraging at all and I would advice them to work on reducing the fee as much as they can.
ο»Ώ
2. The fact that the exchange platform made an announcement that they would be delisting many cryptocurrencies they once accepted. In this season where exchange platforms are looking for many coins to list on their platform, CoinHako is delisting. This would make their platform a place where traders wouldn't like to visit. Who wouldn't like an exchange platform with a very wide range of cryptocurrencies to trade with? I really think they should work on that too.
ο»Ώ
Pros
- The exchange platform has an interface that I find quite east to understand
Cons
- Their fees are too high, the highest I've ever seen on the blockchain network
- In this season where exchange platforms are looking for coins to list, CoinHako is delisting coins. Something that should be put on check
