Review on Colodax by Samantha Beatrice
Colodax for Indians
From the developers of Crypdates, i present Colodax exchange. This exchange was launched in 2017. The exchange was built with an unprofessional interface. The exchange provides a platform for trading cryptocurrencies like Basic Attention Token, Bitcoincash, Bitcoin, Ethereum, Tron, Tether, Litecoin, DOGE and so on. There is no summary on the trading volume of the exchange, so if actually seems to be $0. The exchange even employs cold wallet storage to safely store funds, coupled with the adoption of two-factor-authentification and KYC verification, Colodax might actually be a secure place to trade. The exchange even has its own affliates program though not attractive. The exchange only gives out 12% annually on INR deposit, not everyone would appreciate that. Everything became even more annoying when i couldn't deposit or trade until i did my KYC, i triwd it out abd i discovered thay only Indians could even complete the KYC, i just quit the exchange immediately
Pros
- It can trade various cryptocurrencies
- The exchange has a cheap trading fee
Cons
- The user interface is unprofessional
- The exchange is limited to Indians alone
