Review on Coinrail by Joseph Bello
Coinrail Exchange Is Now A Former Shadow Of Itself
Coinrail is a Korean exchange with a focus to concentrate on the Korea crypto currency market,the exchange official language is in Korea this makes it difficult for foreign investors who don't understand the language to trade on the exchange. What use to be known as one of the largest exchange in the world is now a shadow of its former self. The exchange has suspended all it trade transaction due to the shock of its security breach in 2018 which has lead to the lost of virtual assets worth $40million , i feel security should be the watch word of every crypto holder and if you are looking for a secured exchange platform Coinrail is not a good option for you to trade presently.
The exchange is now inactive and there are no trading volume or trading pairs for traders. All that is left for its former user is to look out for other available exchange .
Pros
- Low fees
- Top altcoins are traded on the exchange
Cons
- It has suspended all trade transaction
- It has once been hacked
- It is a centralised exchange
- Not a good option for foreign investors due to the single language option which is in Korea.
