Review on Counos DEX by Douglas Cachazo

Name: Counos DEX
Item: Counos DEX
Rating: 5

February 08, 2021

Counos DEX: New decentralized exchange that comes with good options

Founded in 2019 in Estonia comes this new crypto exchange whose mission is to allow exchanging cryptocurrencies in a secure way, also operating with fiat currency.   
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I find it ironic that despite the fact that cryptocurrencies have a decentralized character and it is precisely their greatest attraction, the most used way to carry out transactions operate in centralized exchanges.
And in my opinion this is mainly due to the great liquidity with which they operate, with which you have a greater margin of maneuverability to operate with your cryptocurrency without suffering losses of money since in the decentralized markets with less liquidity sometimes I take offers that are not beneficial to me to be able to carry out the exchange.    
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The registration is very easy, the thing is complicated at the time of verifying the account as two levels of verification are required, the first level is verified personal data and the second level bank details, it takes time but it is for your safety and also so you can have all its functionality without problems. It is a bit slow and cumbersome but necessary.   
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There are 4 features that I really like about this exchange, you can operate from almost any country in the world without restrictions, even on its home page according to your Ip address tells you if your country is included.
Important thanks to its protocol has a security mechanism that eliminates false or fraudulent transactions, something common in most decentralized exchanges, for it has an internal wallet in which the keys are not kept but 3 joint signatures are kept, the buyer, seller and the platform giving endorsement to the transaction, the seller deposits and the buyer withdraws, that is very good and guarantees a lot of security.  
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An ecommerce service is available so you can buy or sell products, channeling deposits and withdrawals with the exchange.  
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It is possible to buy and sell cryptocurrencies using fiat currency such as the dollar or the euro among others, you can sell cryptos and receive fiat currency,       
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This is ideal for remittances between family or friends, in general for person to person transactions, for this you have a Counus x token.  
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I highly recommend this exchange to have it as another one to use according to your needs, only for the moment it does not have much liquidity but I think that will change. 
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