Review on Colodax by larei bello
Colodax would have been better if its services weren't limited to India alone
Colodax exchange was launched in 2017. Before i registered on this exchange, i had gone to explore it myself but at the end of the day i wasnt pleased. The exchange comes with a dull and not very impressive interface, looks like the exchange was designed for only beginners with no experts intended. Colodax actually claims to be a driving force in bring new innovation into the Blockchain Industry. Though there's no unique feature of the exchange that complements that above vision. The trading frr on this exchange is actually nice and affordable, just a 0.2% fee which is what most exchanges charge trader per transaction. The exchange doesn't tell us how fast it can process transactions but I guess it will be on an average. The exchange reminds its users the importance of cold wallet storage and how it uses it to safeguard its users funds. After going through all these, i was tempted to give them a try. After registration, the next thing to do was compulsory KYC verification, but i tired doing it and it happened that it was only Indians that were supported on the exchange, this exchange is in no way for traders. I just quit the exchange at the end as i had nothing to gain. If not for the fact that the services were limited, i would have loved to continue trading on the platform
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Pros
- I wasn't opportune to trade on the exchange
Cons
- Its services are limited to India and Indians
New products
Comments (2)
February 22, 2021
I wrote my comment i dont know why it didnt show, however, colodax comes with nice trading fees, cold Wallet storage and others but the customer support should be worked on. Colodax also needs to talk more about its history, there's limited information about this exchange
February 22, 2021
I was indeed surprise to find out that an exchange with nice features like this wasnt available internationally for all traders this is not very good. I would also suggest the exchange work on its interface
